A New Silver-Zinc Developer in Peru. July, 2013

Transcription

1 A New Silver-Zinc Developer in Peru July, 2013

2 LEGAL All statements and other information contained in this document related to Caracara Silver Inc. ( CSV ), as well as other statements about anticipated future events or results, constitute forward-looking statements. Forwardlooking statements often, but not always, are identified by the use of words such as seek, anticipate, believe, plan, estimate, expect, intend, forecast, project, likely, potential, targeted and possible and statements that an event or result may, will, would, should, could or might occur or be achieve and other similar expressions. Forward-looking statements are subject to known and unknown business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those expressed or implied by the forwardlooking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. CSV does not undertake any obligation to update forward-looking statements even if circumstances or management s estimates or opinions should change. For the reasons set forth above, investors should not place undue reliance on forward-looking statements. 2

3 HIGHLIGHTS Princesa project hosts inferred resources 13 million oz. silver and 22 million eq silver oz. (1) Open to resource expansion at depth and along strike JV agreement funding +$2 million exploration program in 2013 Total of $12.5 million in exploration funding over four years Anchor project surrounded by 24,000 hectares of highly prospective ground Cash in treasury $1.2 million with no burn in Peru 4,000 m drill program in

4 OUR PEOPLE Management Nick Tintor, B.Sc., President and CEO Geologist with more than 30 years of mineral exploration and junior mining company management experience. Director of Cerro Resources, Southern Andes Energy and Ferrum Americas Mining Inc. Alain Vachon, P.Geo., Manager Exploration More than 13 years of experience in Peru managing exploration programs in a variety of geological settings including gold, VMS and uranium environments Carlos Miranda Project Geologist More than 15 years of exploration through out Peru in a variety of geological settings Board of Directors Robert Boaz, Chairman Anne Chopra John Cook Stephen Coates Nick Tintor As project is advanced, will add to Board s mining expertise 4

5 Joint Venture Partner Funding Exploration in 2013 Stellar Mining SMC Deal Terms Fund $12.5 million in exploration over four years Pay Caracara $1.85 million in cash payments +$2 million 2013 program in progress Additional 5% by funding prefeasibility study Earning 65% interest in all concessions Option is all or nothing. No partial earn-in 5

6 PRINCESA PILUNANI A DISTRICT SCALE PLAY 24,000 hectare regional play More than 20 km of strike in Pilunani trend Highly prospective regional play anchored by major projects at San Rafael and Mina Cecilia Minsur, Glencore, Bear Creek in area. BHP has acquired +500,000 hectares immediately south of Caracara holdings. Excellent infrastructure and access from Juliaca along new InterOceanic Highway Anchor project can be advanced to PEA/ Pre-Feasibility stage by Q

7 PRINCESA PROJECT Project Project hosts NI resources of 22 million oz. Ag equivalent (1) Direct silver ounces total 13 million 4.6 Mt g, Ag/ t 1.69% Zn, 1.66% Pb Exploration Limited drilling outlined NI Resource Estimate Resources tested to 150 m depth Open pit and underground resources (1) Silver equivalence based on a price for silver of US$40 per ounce and the spot bid price per pound for zinc and lead of US$1.00. Not drill tested Significant property and regional exploration upside 6

8 PRINCESA OPEN ON STRIKE/DEPTH North Zone Princesa vein includes 18 m/ 7.7 oz Ag, 17 m/ 6 oz Ag, and 14 m/ 1.9 oz Ag Structure up to 20 m wide Resources drilled to only 150 m Southwest Breccia Target Surface samples include: 15 oz Ag, 6 oz Ag, 7 oz Ag, 12 oz Ag, 1.7 oz Ag Not drill tested 7

9 IP CORRELATES WITH SILVER ZONES Area of no drilling along IP trend Hole km of strike tested IP outlines mineralized zones Hole 61: 6.0 oz. Ag/ 12 m Untested target extends for more than 1 km north 8

10 2013 Drill Program 19.4m g Ag, 2.3%Pb/Zn 200 m deepest to date in Hole 8 Higher grading plunging shoots Focus on improving resource categories from inferred to indicated. Candidate for small scale mining Peruvian partner SMC has capabilities for small mine ops. 10

11 PILUNANI OPEN PIT TARGET Project Large area of historic mine workings Excellent open pit potential Past Drilling Includes: PIL-1: 6.54% Pb/ 5.14% Zn/ 20.2 m PIL-10: 15.44% Pb/ 6.8% Zn/ 9.55 m Exploration Mine workings access high-grade breccia/diatremes Large untested IP targets in north New targets associated with low grade surface mineralization 12

12 PILUNANI OPEN PIT TARGETS MULTIPLE BROAD SURFACE ZN/PB ZONES NW Target DH 13: 18.5 m 1.24%Zn/0.66% Pb NE Target Several broad surface targets NE Target 1,200 m x 100 m Zn/Pb mineralization associated with geophysics 18.5m at surface grading 1.9% Zn-Pb in weak IP in 2007 NE target never drill tested Target potential for low grade, open pit mineralization 13

13 PILUNANI HISTORIC RESULTS Limited drilling intersected 20.2 m 6.4% Zn, 5.6% Pb, 25.2 m 5.14% Zn and 7.35 m 5.15% Zn, 1.39% Pb 14

14 PARCUYO PROJECT Project Two large gossan areas with historic surface workings Open pit bulk mine target Parcuyo project underscores regional potential for outlining near surface mineralization Exploration Grabs by Caracara from trench in diatreme breccia: 8.54% Zn, 11.95% Pb Sample from diatreme-limestone contact: 24% Zn, 9.43% Pb 2013 program includes 1,000 m of drilling 200 m x 100 m area sample area tested 28% Zn/ 18.8% Pb 16% Zn/ 12.6% Pb 13.5% Zn/ 9.1% Pb 15.1% Zn/ 7% Pb Never drill tested 15

15 CARACARA EXPLORATION TIMELINE AND CATALYSTS 4,000 metre drilling program in 2013 Revised resource end of Q Initiate PEA or prefeasibility study Q Field exploration and exploration drilling ongoing throughout 2013 testing other targets On going new project review current weak markets present some excellent acquisition opportunities 15

16 POST FINANCING SHARE CAPITALIZATION Share structure (June, 2013): Shares Issued Options/ Warrants (1) 51,895,835 7,975,800 warrants 2,900,000 options Pro-Forma Market Capitalization Share Price $0.08 Market Capitalization $4.1million Major Shareholders Sprott Pinetree Haywood-Vancouver Cash Debt $1.4 million Nil (1) Warrants exercisable at $0.60. Expire May 31, Options exercisable at $0.50. Expire Sept 11,

17 SUMMARY Caracara Silver controls 24,000 hectares in the Princesa-Pilunani District Anchor project Princesa hosts 4.6 Mt inferred resources Silver inferred resources are 13 million oz and 22 million oz on an equivalent basis JV partner fully funding exploration program Resource Expansion Targets Princesa at depth below 150 m and along strike on IP trend Numerous cross cutting and diatreme breccia zones to south east Pilunani, Parcuyo and regional surface targets outlined by recon exploration 18

18 CONTACT Head Office (Toronto, Ontario, Canada) Nick Tintor, President & CEO Office Tel: Mobile Tel: