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TRANSCRIPT
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ADVANCING A PROSPECTIVE PORTFOLIOTO DISCOVERY SUCCESS
Copper - Gold - Silver
SAN VALENTINO
COPPER-GOLD-MOLYNorthern Chile
Project Summary
March 2018
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Cautionary Statement
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Certain statements contained in the following presentation constituteforward-looking statements. Such forward looking statements involvea number of known and unknown risks, uncertainties and otherfactors which may cause the actual results, performance orachievements of the Company to be materially different from anyfuture results, performance or achievements expressed or implied bysuch forward-looking statements. Readers are cautioned not to placeundue reliance on these forward-looking statements.
Dr. Demetrius Pohl, PhD., Certified Professional Geoscientist (CPG), anindependent consultant, is the Company’s Qualified Person for thepurposes of National Instrument 43-101 Standards of Disclosures forMineral Projects of the Canadian Securities Administrators, and isresponsible for the accuracy of, and has verified, the technicalinformation in this presentation and has approved its writtendisclosure.
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San Valentino Project (Copper-Gold-Moly)
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San ValentinoSilica ledges and hydrothermal alteration associated with dacite porphyries at San Valentino
AuCu Mo
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San Valentino – Copper-Gold – Summary
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AuCu Mo
Copper-gold-moly exploration project – Drill ready – Northern Chile
No historic drilling of porphyry copper-gold targets
But surface geological mapping and geochemical sampling grid, clearly define targets
Porphyry copper-gold-moly targets
Outcropping / sub-cropping targets
Peripheral epithermal (HS) gold – previously drilled
Oxidised and leached at surface – good surface Mo-Au geochemistry
Located close to major copper mines and projects
Northern Chile
Sub-desertic terrane
Moderate access / moderate altitude
Deal type
Spin-out into Newco / Shell with stock, participation, royalty, work commitment
Possible traditional farm-out
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About the Project
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Exceptional Mineral Belt
Miocene Belt – 3 of world’s top 12 copper mining districts
Exceptional Jurisdiction
Chile – geology, government, law, infrastructure, people, services
Exceptional Location
Northern sub-desert – moderate access & altitude
Located close to world-class mining districts
Exceptional Land Position
~1,100 Ha – 100% owned *
Exceptional Prospect
Drill-ready porphyry copper-gold target(* Underlying NSR Royalty)
AuCu Mo
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San Valentino
Porphyry Cu-Au-Mo
Miocene Belt
Late-Tertiary mineral belt
Top-ranked copper mining districts
Los Pelambres
Rio Blanco-Los Bronces
El Teniente
From: Mpodozis C. & Cornejo P. (SEG SP 16 – 2012)
Regional Geological Setting
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AuCu Mo
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VIZCACHITAS PROJECT (Los Andes Copper) *
- Porphyry Copper-Moly discovery- In evaluation
Au, Ag, Cu mines – current & historic production
LOS PELAMBRES DISTRICT (Antofagasta, Nippon, Mitsubishi) *
- Copper-Moly-Gold District- > 350,000 t fine Cu production / year (2016)*- 1 mine (Los Pelambres)- 1 undeveloped deposit (El Pachon -
Argentina)
SAN VALENTINO PROJECT (~ 1,100 Ha)
- Prolific mineral belt – along trend from world-class mines and deposits
- Porphyry Cu-Au-Mo
District Geological Setting
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(*) Production & Contained Metals Figures from Company Websites & Academic Publications
30 Km
Highway
AuCu Mo
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Geological mapping
Including hydrothermal alteration mapping supported by mineral spectrometry
Geochemical surveys and grids
Soil grids and rock chips
Historic drilling
Minera Fuego 9 shallow inclined RC holes (~ 1,700m)
Focused on HS epithermal gold-rich silica ledges – porphyry targets not drill tested
Work to Date & Database
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HISTORIC WORK
COMPLETED TO DATE
AuCu Mo
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Geology & Principal Targets
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SECONDARY TARGET
Porphyry Cu-Au target
Centred on dacite porphyry intrusion
Good, focused surface geochemistry in soils (Mo-Au)
Partially on RVL ground
Porphyry Cu-Au target
Centred on dacite porphyry intrusion
Good, focused surface geochemistry in soils (Mo-Au)
Peripheral, zoned zinc geochemistry
Copper is heavily leached at surface
Alteration minerals suggest base of lithocap exposed, with hypogene porphyry copper at shallow depths
Possible secondary enrichment of copper beneath leached capping
PRINCIPAL TARGET
AURIFEROUSSILICA
LEDGES
High-sulphidation epithermal Au structures
Previously drill tested (9 shallow inclined RC holes)
Anomalous gold over narrow widths ( ~ 1g/t Au)
Likely alteration and mineral zonation around main porphyry targets to south
AuCu Mo
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Geochemistry – Moly in soils
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SECONDARY TARGET
Porphyry Cu-Au target
Well-defined response with Mo anomaly in soils
Porphyry Cu-Au target
Excellent, focused Mo anomaly in soils
Up to 34 ppm Mo
PRINCIPAL TARGET
AURIFEROUSSILICA
LEDGES
High-sulphidation epithermal Au structures
No systematic sampling
AuCu Mo
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Geochemsitry – Gold in soils
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SECONDARY TARGET
Porphyry Cu-Au target
Excellent, focused Au anomaly in soils
Up to 37 ppb Au
Porphyry Cu-Au target
Strong correspondence between Au and Mo anomalies in soils
PRINCIPAL TARGET
AURIFEROUSSILICA
LEDGES
High-sulphidation epithermal Au structures
No systematic sampling
AuCu Mo
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Geochemsitry – Zinc in soils
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SECONDARY TARGET
Porphyry Cu-Au target
Zn depletion over porphyry core
Some suggestion of zoned, peripheral Zn anomaly
Porphyry Cu-Au target
Excellent, zoned, peripheral Zn anomaly
Up to 119 ppm Zn
Zn depletion over porphyry core
Classical porphyry Cu-Au system zonation pattern
PRINCIPAL TARGET
AURIFEROUSSILICA
LEDGES
High-sulphidation epithermal Au structures
No systematic sampling
AuCu Mo
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Geochemsitry – Satellite Image
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SECONDARY TARGET
Porphyry Cu-Au target
Dacite porphyry
Au + Mo geochemical anomalies at surface
Zn depletion over porphyry core
Porphyry Cu-Au target
Dacite porphyry
Focused Mo + Au geochemical anomalies at surface
Excellent, zoned, peripheral Zn anomaly
Classical porphyry Cu-Au system zonation pattern
Drill ready
PRINCIPAL TARGET
AURIFEROUSSILICA
LEDGES
High-sulphidation epithermal Au structures
No systematic sampling
Historic drilling – narrow gold intercepts related to silica ledges
AuCu Mo
1 Km
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Copper-gold-moly exploration project – Drill ready – Northern Chile
No historic drilling of porphyry copper-gold targets
But surface geological mapping and geochemical sampling grid, clearly define targets
Porphyry copper-gold-moly targets
Outcropping / sub-cropping targets
Peripheral epithermal (HS) gold – previously drilled
Oxidised and leached at surface
Located close to major copper mines and projects
Northern Chile
Sub-desertic terrane
Moderate access / moderate altitude
San Valentino – Copper-Gold – Summary
16
Deal type
Spin-out into Newco / Shell with stock, participation, royalty, work commitment
Possible traditional farm-out
AuCu Mo
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WHAT WE DO
Copper - gold - silver explorer in Chile
Consolidated land from 2014 to 2016
>US$100M historic exploration on portfolio
Expertise in porphyry/epithermal deposits
Partnering projects, generating royalty interests
WHAT WE HAVE
~200,000 Hectares of mineral property interests
26 project interests / ~35 targets
17 projects available for Option / JV / Sale
2 Option / Sale / Royalty Agreements
7 Royalty Interests *
* Currently non-producing
WHERE WE DO IT
CHILE(THE PLACE
TO BE)
Chile – Mining country – main economic activity
Focused in the northern desert
Safe country to work in
Politically and fiscally stable
Legal system works
Both Major and Mid-Tier players are present
Exploration investment is re-awakening
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Revelo – Corporate Summary
100Km