Project 81. Drill Ready Geophysical Targets & Trends. Timmins-Cochrane Northern Ontario Canada

Transcription

1 Project 81 Drill Ready Geophysical Targets & Trends Timmins-Cochrane Northern Ontario Canada

2 FORWARD-LOOKING STATEMENT Certain statements contained in this presentation that are forwardlooking in nature are based on the current beliefs and assumptions of the Company s management. When used in this presentation, the words "may," "could," "should," "anticipate," "believe," "estimate," "expect," "intend," "plan," "predict," and similar expressions and their variants may be used to identify forward-looking statements. Such statements are valid only as of today, and we disclaim any obligation to update this information. These statements are subject to known and unknown risks and uncertainties that may cause actual future experience and results to differ materially from the statements made. These statements are based on our current beliefs and expectations as to such future outcomes. 2

3 Project 81 Pre-Amble Project 81 is a 70,000 hectares contiguous land package covering 12 townships located 2-3 km north of the world class Kidd Creek Mine celebrating its 50 th year of production. Airborne Geophysical Survey was completed over the northern 8 townships. There were in excess of 4000 anomalous responses with 1822 targets, resulting in 532 unique bedrock targets within 94 anomalous trends. This presentation looks at 9 drill-ready targets throughout the project area. In addition there are 14 Priority #1 trends and 23 Priority #2 trends that require follow-up exploration and refinement. Priority #1 trends are described as discrete, well-defined bedrock conductors with good strike length. Priority #2 trends are described as good, bedrock response with good strike length. This presentation also looks at the drill ready Lucas Gold gold project. 3

4 LOCATION MAP PROJECT 81 World Class Kidd Creek Mine 4

5 LAND PARCEL GOOGLE MAP SHOWING INFRASTRUCTURE Hwy 655 Timmins Airport Kidd Creek Mine Timmins 5

6 PROJECT 81 Trends & Targets T-10 : 2,000 m bedrock conductor in volcanics (VMS) T-38 : 400 m trend in volcanics (VMS) T-37 : 1,700 m trend incl. 0.24% Cu / 13.4 in (VMS) T-85 : 1,600 m trend incl oz/t / 4.3 in (Gold) T-25 : 400 m trend in UM (Ni-Cu-PGE) T-36 : 700 m trend in volcanics-um contact (VMS) T-48 : 700 m trend in metasediments (Gold) T-40 : 1,200 m trend in volcanics (Gold) T-34 : 900 m trend in volcanics (VMS) 6

7 z -coil EM (nt/s) KINGSMILL TOWNSHIP Trend 10 TREND 10 2,000 m strike length Closely spaced, multiple trends Complex area with several UM and greenstone belts VMS (Cu, Pb, Zn) Target T-10 NORTHING (mn) 7

8 z -coil EM (nt/s) LENNOX TOWNSHIP Trend 38 TREND m trend in volcanics (Cu-Pb-Zn) VMS Target T-38 NORTHING (mn) 8

9 z -coil EM (nt/s) LENNOX TOWNSHIP Trend 37 TREND 37 1,700 m trend incl. 0.24% Cu over 13.4 Inco drill hole from 1960s VMS Target Best EM Anomaly along trend T-37 NORTHING (mn) 9

10 z -coil EM (nt/s) DARGAVEL TOWNSHIP Trend 85 TREND 85 1,600 m strike length Located within metasediments Hole intersected 0.98 oz/t Au over 4.3 Gold Target T-85 NORTHING (mn) 10

11 z -coil EM (nt/s) BRADBURN TOWNSHIP Trend 25 TREND m strike length in UM EM response symmetric & well developed Located within greenstone belt Nickel-Copper-PGE Target T-25 NORTHING (mn) 11

12 z -coil EM (nt/s) DARGAVEL TOWNSHIP Trend 36 TREND m strike length Located at the contact of an ultramafic unit VMS Target T-36 NORTHING (mn) 12

13 z -coil EM (nt/s) AUBIN TOWNSHIP Trend 48 TREND m strike length Bedrock conductor in metasediments Gold target T-48 NORTHING (mn) 13

14 z -coil EM (nt/s) DARGAVEL TOWNSHIP Trend 40 TREND 40 1,200 m strike length Bedrock conductor in felsic volcanic rocks Not yet drill tested Gold Target T-40 NORTHING (mn) 14

15 z -coil EM (nt/s) CALDER TOWNSHIP Trend 34 TREND m strike length Bedrock conductor in volcanics Copper-Silver-Gold Target T-34 T-37 NORTHING (mn) 15

16 PROJECT 81 PROPERTY GEOLOGY MAP SHOWING KIDD CREEK TYPE ALTERATION ZONES Similar Geology on Project 81 Kidd Creek Mine 16

17 SELECTED MINERAL DEPOSITS of KIDD-MUNRO ASSEMBLAGE 17

18 TIMMINS AREA REGIONAL GEOLOGY MAP (Kidd Creek Mine Location) Kidd Creek 18

19 MAP SHOWING KIDD CREEK DISCOVERY HOLE EM CONDUCTORS & MAG ANOMALY EM Conductors Magnetic Anomalies Discovery Hole K

20 KIDD CREEK MINE DISCOVERY CROSS SECTION (Showing Mag, EM, and Gravity Profiles) 20

21 PROJECT 81 LUCAS GOLD PROJECT Electro-Magnetic Profiles Lucas Gold Project Timmis Area Northern Ontario Canada Sept,

22 PROJECT 81 LUCAS GOLD PROJECT GRADIOMETER MAGNETIC SURVEY Historical Drill Holes 22

23 z -coil EM (nt/s) LUCAS TOWNSHIP Gold Trend Gold Zone is southwest of conductor trend Trend appears faulted Lucas EM Trend Gold Zone NORTHING (mn) 23

24 LUCAS TOWNSHIP Gold Trend Gold Trend South of 1.8 km EM trend Hosted in Metasediments within mafic and felsic volcanics Lucas EM Trend Fault Gold Zone 24

25 Lucas Gold Project Geophysics and Drill Locations 25

26 PROJECT 81 GOLD DISCOVERIES HISTORICAL ASSAY RESULTS Potential Gold in Lucas Twp based on Historical Drilling Potential Strike Length Meters Potential Depth 250 Meters Potential Width Meters Township Hole Grade From To Mineralized Zone (g/t Au) (m) (m) (meters) Lucas L Lucas L Lucas L Lucas L Lucas L Lucas L-81-36(a) Lucas Dargavel and and Aubin *All historical data is non-ni compliant 26

27 LUCAS DRILL PROGRAM The Lucas program is designed to test historical Au Intercepts The program is also designed to test the large IP Geophysical Anomalies The program will also attempt to test the shear zone associated with the mineralized quartz veins The drill program should take approximately 30 days An attempt will be made to gain a land based access for drill crew change over However, helicopter support is included in the budget in the event insufficient freeze up 27

28 LUCAS DRILL PROGRAM BUDGET Exploration Program CDN $ Diamond Drilling - 10 holes - $100/m $300,000 Assaying $25/sample 50, Samples (Metallic Sieve $125/sample 62,500 Geologist - 30 $1000/diem 1 30,000 Geotech - 30 $500/diem 1 15,000 Logging Facility Rental - 2 months 7,000 Core Cutter - 30 $500/diem 1 15,000 Consumables $ 15,000 Total $494,500 Contingency 35,500 Grand Total $530,000 1 Daily cost include boarding & lodging 28

29 CONTACT INFORMATION Adelaide St. W Toronto, Ontario Canada M5H 1T1 Phone: Fax: Toll Free: info@noblemineralexploration.com ir@noblemineralexploration.com H. Vance White, President & Chief Executive Officer Randy Singh PGeo(ON), PEng(ON), VP Exploration & Project Development Corinna de Beer, Corporate Communications 29

30 PROJECT 81 Drill Ready Geophysical Targets & Trends