investment highlights
DESCRIPTION
Investment Highlights. Emerging mining company (5 years old) Excellent potential for gold-bearing massive sulphide deposit(s) on 100%-held property Southern extension of 3.7 million ounce historic Cariboo Gold Fields $2.4 million invested on exploration to-date Targets ready for drilling. - PowerPoint PPT PresentationTRANSCRIPT
Investment Highlights
• Emerging mining company (5 years old)
• Excellent potential for gold-bearing massive sulphide deposit(s) on 100%-held property
• Southern extension of 3.7 million ounce historic Cariboo Gold Fields
• $2.4 million invested on exploration to-date
• Targets ready for drilling
Outline of Presentation
•Overview•Ace project•1998 plans
Overview
Company History
Gold discovered!Large massive sulphide boulder field defined
1993-941993-94
Possible deposit indicated below boulder field 19951995
6 additional prospects recog. - property expanded
1996-971996-97
Drill targets defined on Ace project
Overview
Strong Management and Directors
• Louis DoylePresident and CEO
• Peter Hardychuk30 years successful businessman
• Grant Hendrickson B. Sc. (Geophysics) P. Geo.Managing Director, Delta Geoscience Ltd.
• Stephen Price L.L.B15 years as a lawyer in BC
• James Kasten M. Sc. (Geology)15 years explor. geologist, 4 years IR & corp. affairs
Overview
Experienced Support
• John G. Payne, Ph.D. (Geology) 24 years consulting geologist
• Alan S. Dobbs, B.A.Sc.28 years successful businessman
• Solicitor: Koffman Kalef • Auditor: Deloitte & Touche • Transfer Agent: CIBC Mellon Trust
Overview
Major Metals Deposits in BC
VancouverVancouver
USAUSA
YukonYukon
USAUSA
Barker MineralsBarker Minerals
Overview
Gold Fields of British ColumbiaGold Fields of British Columbia
Gold Fields in BC
VancouverVancouver
USAUSA
YukonYukon
USAUSA
Barker MineralsBarker Minerals
Cariboo Gold FieldCariboo Gold Field
Overview
3.7 Million Ounces of Gold
Location
Property BoundryProperty Boundry
Ace ProjectAce Project
Overview
Mount Polley
QR
0 km 20
A Philosophy of Quality
All analytical work by highly-respected companies
Eco-Tech LaboratoriesKamloops
Brenda ProcessTechnology, Kelowna
Overview
Ace Project
Ace Project – Work to Date
Invested over $2.4 million on exploration• Geochemical sampling
5,282 (soil, rock, stream)• Geophysical surveys
184 line km (Mag/VLF, E-Scan & IP)
• Surface work 1,364 m trenches, 91 test pits
Ace Project
Regional Geology
Ace Project
MINERAL OCCURRENCES MINERAL OCCURRENCES
Massive Massive Sulphide orSulphide orPolymetallicPolymetallic
GoldGold
VancouverVancouver
USAUSA
USAUSA
Barkerville and Barkerville and related terranesrelated terranes
HomestakeHomestake
TulsequahTulsequahChiefChief
KutchoKutcho CreekCreek
Windy Windy CraggyCraggy
VMS Deposits Within Similar RocksVMS Deposits Within Similar Rocks
YukonYukonKudz Ze Kudz Ze KayahKayahWolverineWolverine
Ace Project
Barker MineralsBarker Minerals
ReaRea
GoldstreamGoldstream
Ace Project – Significant Mineralization
• Boulder field: 8 km by 2 km
mineralized quartz-rich sulphide and massive sulphide boulders
• Coincident bedrock mineralization
• Pronounced soil and geophysical anomolies
Ace Project
Ace Project – Boulder Field
Ace Project
Cluster of quartz-rich sulphide Cluster of quartz-rich sulphide bouldersboulders 53 samples averaged 3.1 g/t gold53 samples averaged 3.1 g/t goldCluster of massive to semi-massive bouldersCluster of massive to semi-massive boulders
Up to 13% combined zinc & leadUp to 13% combined zinc & lead
0 km 2
BoulderBoulder FieldField
Ace Project – Boulder Field
• Many large angular boulders indicate proximity to source
• Quartz-rich sulphide vein boulders 53 samples average 3.1 g/t gold Bismuth to 2,500 ppm, Tellurium
to 90 ppm
• Massive sulphide boulders up to 13% combined zinc & lead up to 3 oz/t silver, 0.25% copper
Ace Project
Boulder Samples
Ace Project
Boulder Samples
Ace Project
Boulder FieldBoulder FieldBoulder FieldBoulder Field
Ace Project – Bedrock Mineralization
Quartz sulphide veinsQuartz sulphide veins
5.5g/t Gold5.5g/t Gold2% Zinc/2% Zinc/
LeadLead
6.0g/t Gold6.0g/t Gold
Ace Project
Massive to semi-massive sulphidesMassive to semi-massive sulphides
0 km 2
Bedrock Sample
Ace Project
Dug 18 Trenches
Ace Project
Soil Geochemistry & Geophysical Anomalies
Ace Project
Soil AnomaliesSoil Anomalies
Geophysical AnomalyGeophysical Anomaly
Zinc (+100 ppm) or lead (+25 Zinc (+100 ppm) or lead (+25 ppm)ppm) Copper (+50 Copper (+50 ppm)ppm)
IP/Chargeability IP/Chargeability (+36mv/V)(+36mv/V)
0 km 2
BoulderBoulder FieldField
Compelling Evidence
• Mineralized boulder field• Coincident bedrock mineralization• Well-defined zinc-lead soil anomaly• Strong IP/Chargeability anomaly
Ace Project
BC Geological Survey Takes Notice
“…massive sulphide mineralization and gold-bearing quartz-rich
rocks have similarities to the deep- seated, massive sulphide deposits in the
Besshi district of Japan” Hoy and Ferri, 1997
Ace Project
Strathcona Reports on Barker
“The most likely targets on the property are the Besshi-type
sediment-hosted massive sulphides similar to the Goldstream deposit…” Strathcona, Feb. 1998
Ace Project
1998 Plans
Ace Project – 1998 Exploration Program
• Data compilation, geological mapping, geochem & trenching
• Detailed IP within target area
• 5 to 10 initial diamond drill holes
1998 Plans
Additional Prospects
Property BoundryProperty Boundry
Ace ProjectAce Project
ProspectProspectAreaArea
FrankCreek
Cariboo
UpperGrain
Black Bear
Tasse
Sellers
1998 Plans
Cariboo Prospect
• Zinc/lead replacement within carbonate host
• Resource est: 400,000 tonnes at 4% (zinc and lead)
• Mineralized horizons up to 8 meters thick
1998 Plans
Cariboo
Frank Creek Prospect
• Bedrock up to 4.5% zinc (grab samples)
• Extensive alteration-within areas of Zinc mineralization
• Numerous airborne E.M. conductors
1998 Plans
FrankCreek
Respect for the Environment
• Company sensitive to preserving the environment
1998 Plans
1998 Priorities
11
22
33
44
Continue exploration on Ace and prospects
Develop marketing program
VSE Listing, IPO
Commence drilling on Ace project
Why We Will Succeed
Excellent potential for gold-bearing massive sulphide deposit(s) on Ace project
Significant targets ready for drilling
Loyal Shareholders
Committed to success
Reserve slides
Ace Project – Boulder Field
Boulder FieldBoulder FieldBoulder FieldBoulder Field
Ace Project
Ace Project – Boulder Field
BoulderBoulder FieldField
Ace Project