january_2009_powerpointupdated.ppt [West Lake Stevens]


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Forward-Looking Statements – Certain statements included in this presentation are forward-looking statements which are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. They include estimates and statements that describe the Company’s future plans, objectives and goals, including words to the effect that the Company or management expects a stated condition or result to occur. When used herein, words such as “estimate”, “expect”, “believe”, “intend”, “budget”, “plan”, “projection”, “progressing”, “strategy”, “outlook”, “will”, and other similar expressions are intended to identify forward-looking statements. In particular statements relating to the estimated future metal prices, cash flows, expenses, capital costs, ore production, mine life, financing, construction and commissioning are forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond our control, that may cause actual results or performance to differ materially from those currently anticipated in such statements. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include among others metal price volatility, changes in the US/CDN dollar exchange rate, economic and political events affecting metal supply and demand, fluctuations in ore grade, ore tonnes milled, geological, technical, mining or processing problems, future profitability and production, availability of financing on acceptable terms and unexpected problems during the development, construction and start-up phases of the underground mine. For a more comprehensive review of risk factors, please refer to the Company’s most recent Annual Report in Form 40-F/Annual Report under “Management’s Discussion and Analysis of Financial Results” and Annual Information Form under “Risk Factors” on file with the U.S. Securities and Exchange Commission and Canada provincial securities regulatory authorities. The Company disclaims any obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise. Readers are cautioned not to put undue reliance on these forward-looking statements. Descriptions of mineral reserves and resources estimates included herein under Canadian standards may not be comparable to similar information made available by U.S. companies subject to reporting and disclosure requirements of the United States Securities and Exchange Commission. See “Mineral Reserve and Resource Estimate – Note to U.S. Shareholders” in the Annual Report in Form 40-F.

  • Forward-Looking Statements – Certain statements included in this presentation are forward-looking statements which are made pursuant to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. They include estimates and statements that describe the Company’s future plans, objectives and goals, including words to the effect that the Company or management expects a stated condition or result to occur. When used herein, words such as “estimate”, “expect”, “believe”, “intend”, “budget”, “plan”, “projection”, “progressing”, “strategy”, “outlook”, “will”, and other similar expressions are intended to identify forward-looking statements. In particular statements relating to the estimated future metal prices, cash flows, expenses, capital costs, ore production, mine life, financing, construction and commissioning are forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond our control, that may cause actual results or performance to differ materially from those currently anticipated in such statements. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include among others metal price volatility, changes in the US/CDN dollar exchange rate, economic and political events affecting metal supply and demand, fluctuations in ore grade, ore tonnes milled, geological, technical, mining or processing problems, future profitability and production, availability of financing on acceptable terms and unexpected problems during the development, construction and start-up phases of the underground mine. For a more comprehensive review of risk factors, please refer to the Company’s most recent Annual Report in Form 40-F/Annual Report under “Management’s Discussion and Analysis of Financial Results” and Annual Information Form under “Risk Factors” on file with the U.S. Securities and Exchange Commission and Canada provincial securities regulatory authorities. The Company disclaims any obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise. Readers are cautioned not to put undue reliance on these forward-looking statements. Descriptions of mineral reserves and resources estimates included herein under Canadian standards may not be comparable to similar information made available by U.S. companies subject to reporting and disclosure requirements of the United States Securities and Exchange Commission. See “Mineral Reserve and Resource Estimate – Note to U.S. Shareholders” in the Annual Report in Form 40-F.

  • The presentation has been prepared by management of Metals Creek Resources, and does not represent a recommendation to buy or sell these securities. Investors should always consult their investment advisors prior to making any Investment decision.





Alexander Stares, President and CEO

  • Alexander Stares, President and CEO

  • Wayne Reid, VP Corp. Development & Director

  • Michael MacIsaac, VP Exploration

  • Nick Tsimidis, CFO & Director

  • Mick Stares, Director

  • Denis Arsenault, Director







Signed Option Joint Venture (Nov 24/08) with Goldcorp to earn 50% in Timmins West Property for work expenditures of $3.1M and cash and shares totalling $460,000 over 4 years

  • Signed Option Joint Venture (Nov 24/08) with Goldcorp to earn 50% in Timmins West Property for work expenditures of $3.1M and cash and shares totalling $460,000 over 4 years

  • MEK to be operator during earn in and while it holds a 50% interest

  • Goldcorp can earn back 20% for a cash payment of $310,000, expenditures of $4.1M and taking the project to a Feasibility Study

  • Opportunity to explore along 8 km of the Prolific Porcupine-Destor Break, partnered with World Class Gold producer

  • Between 3 and 8 km to the east along strike, gold production exceeds 22 million oz from six mines. This includes the 16 million oz plus Dome Mine and mill complex owned by Goldcorp

  • Lake Shore Gold, located 10 km on strike to the west, is the focus of underground dev’t Indicated Mineral Resource of 1,291,000 oz (Source: NR, TSX:LSG, Nov. 20, 2006)

  • The past producing Naybob Mine (50,731 oz Au) is located on the optioned claims and hosts a historic non 43-101 resource of 1Mt @ 4.12 g/t Au.

  • Historic drilling generally confined to Naybob Mine Area and a cluster of holes in the Thomas Ogden Area. Outside of this area, little or no drilling.

  • Future work will be predominately drilling on the numerous gold targets and trends once a detailed compilation is complete

  • Work in the shadow of Head frames in a World Class Gold Camp









Option Agreement with Kinross Gold to earn Kinross’s 60% interest in the Currie Bowman Project, Selkirk Metals holds remaining 40% interest

  • Option Agreement with Kinross Gold to earn Kinross’s 60% interest in the Currie Bowman Project, Selkirk Metals holds remaining 40% interest

  • Limited drilling discovered Grindstone Creek Zone (2.08 g/t Au / 18.9m incl. 3.95g/t Au, 132 g/t Ag, 3.0% Zn / 2.1m)

  • Recent drill results on Tillex Deposit include:

  • 97.05m of 1.194% Cu incl. 37.05m of 2.583% Cu

  • 81.13m of 1.83% Cu including 27.00m of 2.73% Cu

  • Mineralization is ‘Volcanogenic Massive Sulfide” style and consists of a package of banded, massive and disseminated sulfides at the top of an altered felsic pyroclastic.

  • The Tillex Deposit is located 6 km to the east of the Grindstone mineralization and is on the Grindstone Creek horizon

  • Non 43-101 resource Tillex Deposit (1.34 million Tonnes @ 1.56% Cu) (Source: TSX-V:SVT website)

  • Recently completed detailed ground geophysical survey (Mag and electromagnetics) and drilling

  • Recently completed a 2800m diamond drill program on Tillex, assays pending on 9 remaining holes.

  • Proximal to Infrastructure, 45km from Kidd Metalurgical site.













MEK has controlling interest in 143 claim units (3565 hect) in the Tilt Cove area of Newfoundland including:

  • MEK has controlling interest in 143 claim units (3565 hect) in the Tilt Cove area of Newfoundland including:

    • An option to earn a 100% interest in the Tilt Cove Mine property
    • An option to earn a 100% interest in the Betts Cove Mine property
    • An option to earn a 60% interest in Paragon Mineral’s Long Pond Project
    • Three MEK staked claim blocks
  • Claims cover a portion of the Betts Cove Ophiolite Complex which hosts two Cu-Au past producers at Tilt Cove and Betts Cove and is adjacent to the Nugget Pond Gold Mine and Mill. The mill is still operating. Also host to new PGE discovery with grades up to 11.4 g/t Palladium, 3.0 g/t Platinum and 0.93% Nickel

  • The Copper Deposits are hosted by ocean floor ultramafic volcanics and are characterized as “Cyprus-type” mineralization

  • MEK recently completed Airborne AEM-MAG (Geotech VTEM) over project area including the Betts Cove and Tilt Cove Deposits

  • Initial prospecting completed on all properties

  • Future work includes compilation of summers prospecting, mapping and airborne AEM. Drilling expected in 2009.

  • Significant Gold - Copper land package



Tilt Cove had historic production of 8,160,000 tonnes of Cu ore, @ 1-12% Cu(1957)

    • Tilt Cove had historic production of 8,160,000 tonnes of Cu ore, @ 1-12% Cu(1957)
      • Evaluated mainly for Base Metals, limited assaying for Au. MEK initial prospecting had results from surface grab samples up to 69.39 g/t Au and 10.4% Cu
      • Recent sampling of massive magnetite zone returning assays of 13.2 and 6.5 g/t Au. New target at the Cape St. John unconformity
      • Historic non 43-101 resources listed on the property includes:
        • 1Mt @ 1.00 % Cu at the Cliff Zone
        • 80,000t @ 2.06 g/t Au at the Waste Dump
    • Betts Cove had historic production of 118,500 tonnes @ 10% Cu
      • Recent sampling up to 10.0 g/t Au and 18.3% Cu
      • NEW PGE DISCOVERY within Late gabbroic intrusions with values from 3 samples ranging:
      • 6.6 to 11.4 g/t Pd, 1.15 to 3.0 g/t Pt, upto .155 g/t rhodium
      • 0.93% to 1.86% Cu, 0.25 to 0.93% Ni and 0.04% Co.
    • Paragon Option has a number of gold showings including:
      • George Showing up to 315.1 g/T Au (9.20 oz/t)
      • Long Pond showing up to 71.5 g/T (2.09 oz/t)
      • Nudulama Zone up to 4.58 g/T Au and 8.7 % Cu








Option Joint Venture with Endurance Gold on the Dogpaw property in the Cedartree Area

  • Option Joint Venture with Endurance Gold on the Dogpaw property in the Cedartree Area

  • $450,000 over 2 years work expenditures

  • Share distributions of 450,000 over 2 years

  • Option to earn 75% interest in the project

  • 23 unpatented claims, 4400 hectares

  • 43-101 report, property of merit

  • Prospective IP chargeability anomalies with associated gold mineralization up to 23 g/t within a sericite schist

  • Multiple surface showings with grabs up to 95 g/t

  • 12 km on strike from Cameron Lake Deposit, recently announced purchase of 700tpd mill for Cameron Lake

  • Significant land position within Cedartree / Cameron Lake gold play

  • Completion of recent prospecting program within the stephens lake stock resulting in 27 percent of the samples assaying over 1 g/t Au.

  • Discovery of 3 new Gold showings within the Stevens Lake Stock with assays up to 18 g/t Au.

  • Strongly Carbonatized North South Structures with associated pyrite mineralization.









Ogden

  • Ogden

    • Model geology & mineralization
    • Prioritize drill targets
    • 2000 meter drill program – Winter/spring
  • Tillex / Currie

    • Compile results and geology from recently completed drill program
  • Dogpaw

    • Recently Completed Prospecting Program – 3 new showings
    • Line-cutting & Geophysics over new gold discoveries – Winter?


  • Partnered with two world class Gold Miners Goldcorp & Kinross

  • Managed by experienced team and core of prospectors and geologists

  • Good exposure to Gold with advanced gold projects in both Newfoundland and Ontario.

  • Advanced Au and Cu prospects with resources, past production and ore grade intersections near existing infrastructure.

  • Focusing on productive camps Timmins, Tilt Cove with a balance of grassroots and advanced projects.

  • Presently low market cap

  • Mining friendly jurisdictions in Ontario and Newfoundland & Labrador




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