A New Direction. Copper-Gold Deposit at Thor TSX.V:COL. August 11, May 2013

Transcription

1 A New Direction Copper-Gold Deposit at Thor August 11, 2016 May 2013 TSX.V:COL

2 FORWARD LOOKING STATEMENTS This presentation includes certain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company s expectations include, among others, the timeliness of regulatory approvals, the timing and success of future exploration and development activities, exploration and development risks, market prices, exploitation and exploration results, availability of capital and financing, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment, unanticipated environmental impacts on operations and other exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that the proposed exploration and development of the mineral projects will proceed as planned, market fundamentals will result in sustained metals and mineral prices, and any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation. The technical report entitled "Preliminary Economic Assessment of Copper, Gold, and Silver Recovery" (the "July 2014 PEA") is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the PEA will be realized. Refer to the July 2014 PEA, filed on SEDAR under the Company's profile on July 14, 2014, for a discussion of the applicable qualifications and assumptions and the impact on the results of the previous studies on the Carmacks Project. National Instrument Dr. Harlan Meade, PGeol., President and CEO of the Company, is the Qualified Person who has reviewed and approved the content herein, for compliance with National Instrument TSX.V: COL Forward Looking Statements 2

3 COPPER NORTH PROJECTS Development CARMACKS PROJECT 100% * (Yukon, Canada) 2014 Measured & Indicated Resource 11.98Mt@ 1.07% Cu, 0.456g/t Au and 4.58g/t Ag. 282 M lbs Contained Copper, 171,800 oz Au & 1,705,800 oz Ag Exploration REDSTONE PROPERTY 100% * (NWT, Canada) YUKON NORTHWEST TERRITORIES Stratiform Copper Deposit Historic Resource Estimate % Cu & 11.3 g/t Ag Contained Metal (Cu) 2.9Blbs (1.3Mt) BRITISH COLUMBIA Thor Porphyry Copper Gold* (North Central BC)h Columbia Historic copper-gold occurrences adjacent Kemess. The historical estimate for the Redstone property is derived from a technical report entitled Technical Report on the Coates Lake Copper Deposit, Nahanni Mining District, Western Northwest Territories for Lumina Resources Corp. dated August 15, 2005 prepared by A.W. Gourlay, P.Geo. This technical report was filed on SEDAR on April 2, 2007 under the profile of Western Copper and Gold Corp., a predecessor company to Copper North. The source and date of the historical estimate, key assumptions, parameters, methods used to prepare the historical estimate, and information concerning further work required to upgrade or verify the historical estimate as current mineral resources are contained in the Company s news release dated May 10, This news release can be found under the News Release section of this website. Copper North is not treating this historical estimate as current mineral resources and the Qualified Person responsible for review of the historical resource has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. TSX.V: COL Projects 3

4 Northwest BC :THOR JOINT VENTURE OPPORTUNITY Kemess Mine, North Central B.C: on care and maintenance; $1.1B replacement value. TSX.V: COL Thor Property 4

5 Kemess Mines and Mill with Thor in Background Thor East Discovery TSX.V: COL Discovery Opportunity 5

6 Kemess District and Thor: Attractive Exploration Opportunity Thor Project: well positioned in the NNW trending porphyry copper-gold-silver belt. 16,000 ha The reference to production history at Kemess mine simply defines characteristics of a successful mine and development of a property in the Kemess mineral district. Despite the Thor property s proximity to the Kemess South Mine, Kemess North and Kemess East, no mineral resource has been identified at Thor and there is no certainty that exploration will define economic mineralization or a mineral resource on the Thor property. TSX.V: COL Thor Location 6

7 KEMESS MINE: District Geology Kemess Mining District Numerous porphyry coppergold and epithermal goldsilver deposits. Thor target area is well located to the southeast of the shutdown Kemess mine and mill facility. A discovery at Thor could be very attractive for early production. Thor property situated at bottom of image underlain by Takla Volcanic rocks, host to Kemess suite of intrusions. TSX.V: COL Thor Geology 7

8 THOR PROJECT Unique Discovery Opportunity Thor Project: A Unique Opportunity For Discovery Adjacent To Shutdown Kemess Mill. Large property (16,050 hectares) located 20 km south of Kemess mine and mill facilities and straddling main access road and power lines. Thor West Target: Located in Moose Valley overburden covered and unexplored. Airborne magnetics indicate a large intrusive complex in Moose Valley and 2014 induced polarization survey confirms large chargeability anomaly; coincident with areas of low magnetic susceptibility, interpreted as porphyry style alteration effect. Thor East Target: Airborne magnetics indicate numerous small stocks associated with alteration zones and copper-gold anomalies. Extensive alteration and mineralization zone located east of Thor West, along 15 km trend. Known porphyry Cu-Au style mineralization the with only a few drill holes (1998 ). Recognition of the presence of leached cap, is key to re-evaluating anomalies. Intrusive complexes considered to be of early Jurassic age, similar to those hosting Kemess South and Kemess North and East porphyry copper-gold deposits. TSX.V: COL Discovery Opportunity 8

9 Thor Target Area Summary Thor Geology and Geophysics Compilation Thor West Target (Area 1): Large (3km by 2km) induced polarization anomaly in covered area in Moose Valley hosted within a probable large intrusion. Proposed reconnaissance drilling to test anomaly and confirm geological environment. Thor East Target (Area 3 and 4): Several small intrusions similar to those at Kemess South; multiple targets over an area of 4x4 km. Large area of soil and rock samples with highly anomalous copper and gold. Six short drill holes in 1997: only one drill hole within intrusion - intersected porphyry mineralization with 60 metres grading 0.12 % copper and 0.04g/t gold. TSX.V: COL 9 Thor Target

10 THOR East Discovery Area TSX.V: COL Discovery Opportunity 10

11 THOR East Target 3 Area Copper stained granodiorite; site of proposed drilling at Thor East. TSX.V: COL Discovery Opportunity 11

12 THOR East Oxide weathered granodiorite Copper oxide in shattered granodiorite typical of porphyry copper-gold mineralization TSX.V: COL Discovery Opportunity 12

13 THOR East Target 3 Area Copper mineralization in Takla Group rocks nearing contact with the granodiorite. High grade chalcopyrite and Bornite shear vein and oxide copper. TSX.V: COL Discovery Opportunity 13

14 Thor West Target Area in Moose Valley Focus of 2016 drilling at Thor West. TSX.V: COL Moose Valley 14

15 Suite West Pender St. Vancouver, BC V6E 2M6 T: F: August 11, 2016 February 2014 TSX.V:COL