Developing the Best Gold Project Por5olio in Ghana

Transcription

1 Developing the Best Gold Project Por5olio in Ghana

2 Overview The 5 W s of Pelangio 2

3 The Talent for Success Management and Directors Ingrid Hibbard Warren Bates Paul Rokeby Carl Nurmi Thor Eaton Philip Olson David Mosher Ian Shaw Gord Slade President, Chief Execu8ve Officer Senior Vice President, Explora8on Chief Financial Officer Chairman Director Director Director Director Advisory CommiOee Who 3

4 Market Facts, PX:TSX-V CapitalizaJon in February 27, 2017 Trading PX: TSX-V; PGXPF: February 27, 2017 Market Cap $9.36 M Warrants Shares Outstanding 234 M Op8ons 52W H/L $0.08/ Fully Diluted 243 M 9 M Current Price Average Volume (3 month) $ ,520 Source: TMX & Yahoo Finance Who 4

5 A Track Record of Discovery & Value Favourably posi8oned for discovery, development and M&A Upside Poten8al Re-envisioned the Detour Lake Deposit Cyclical Nature of Gold Sector Pelangio shareholders have realized significant gains up to 10,000% Focused on Ghana West Africa s largest gold producer Prudent cash management and strategically amassing Ghana s best gold explora8on porfolio Strategic Investments/ Partnerships Large Land Packages Control more than 500 sq km of some of the world s most prospec8ve gold trends What 5

6 Ghana - Rich in Gold Endowment Good for Gold, Good for Business Top 10 gold producing countries by total ounces and grade Ghana ranks in the top 10 largest gold producers: - 8 th by total ounces - 6 th by grade Compared to the countries on this list, Ghana is similar to the size of Southern Ontario or the state of Michigan 6

7 Ghana Sefwi Belt Grades Pelangio s Projects Compare Favourably MINES: PRODUCING VS UNDEVELOPED GHANA SEFWI BELT BY COMPARISON PELANGIO S NKANSU RESULTS PELANGIO S MANFO RESOURCE INDICATED GRADE Only 199 producing mines larger than 1 million oz in 2013 world wide AVERAGE GRADE OF RESERVES AND PAST PRODUCTION FROM THE SEFWI BELT 7

8 ProperJes Manfo Sq Km Maiden resource of 195,000 oz Indicated + 298,000 oz Inferred on 3 of 7 mineralized areas along 9 km trend Detailed interpreta8on for drill targets on newly iden8fied 9 km major structure Obuasi Sq Km High-grade intercepts: 24.5 g/t Au over 1 m, g/t Au over 2 m Evidence of Obuasi Style mineraliza8on Technical review of anomaly in prepara8on for drilling Akroma Sq Km Large geochemical anomalies Mul8ple soil anomalies > 1km in length 8

9 Manfo The Next Company Maker IdenKfied unexplored major structure across 9 km of the Property 100 sq km on Ghana s prodigious Sefwi Greenstone Belt: 14 km from Newmont s flagship Ahafo mine with similar altera8on style to Ahafo and 50 km from Kinross Chirano mine Discovery of 7 mineralized areas along 9 km geochemical trend maiden resource on 3 zones: Pokukrom East, Pokukrom West and Nfante West : Completed three commissioning programs for Grasshopper drill rig for rapid, inexpensive drilling from surface to 150 metres, with Air Core (AC), and Reverse Circula8on (RC) drilling Resource es8mate provides a solid base and presents a model for future explora8on Room to expand around the exis8ng 3 resource areas + addi8onal 4 discovery areas + over 10 addi8onal target areas currently outlined + target genera8on over 9 km of the currently explored structure 9

10 Manfo Sefwi Belt: 33 Gold Deposits (22.8 Million Oz) Gold deposits are associated with north to northeast trending major faults that bound each terrain 62 known gold occurrences in the Sefwi Belt 4 main Sefwi gold camps: Ahafo North (3.5M oz), Ahafo South (11.8 M oz), Bibiani (4.0 M oz Chirano (3.5 M oz) The Sefwi Belt is a zone of Proterozoic aged volcanic-sediment rocks, between two sedimentary dominated regions Major faults separate volcanic sediment terrain from dominantly sedimentaryintrusive terrain 10

11 Manfo Largest Sefwi Deposits Near Belt-Bounding Structures Largest deposits are located directly on or within 1 km of belt-bounding faults (Subika, Kenyase, Apensu, Awonsu, Yamfo, Akwaaba and Bibiani Deposits) 7 major deposits account for 2/3 of all mineable ounces in the belt Major faults are well mapped with regional magne8c maps Larger deposits show higher grades approxima8ng 2 g/t Smaller deposits located from 1 to 3 km away from belt-bounding structures To find larger deposits look within 1 km of major faults! 11

12 Manfo Three Resource Areas 9 km geochemical trend, mul8ple structures 3 areas at ini8al resource stage: Pokukrom East and West, Nfante West 9 near surface discoveries since August 2010 (3 at Nkansu) Received maiden resource es8mate from SRK of 195,000 oz Indicated and 298,000 oz Inferred in 2013 Improved explora8on model for the project 12

13 Manfo Mineral Resource Statement* Manfo Gold Project, Ghana SRK ConsulKng (Canada) Inc., May 7, 2013 *Mineral resources are not mineral reserves and do not have a demonstrated economic viability. All figures have been rounded to reflect the relakve accuracy of the eskmates. The cut-off grades are based on a gold price of US$1,450 per ounce and metallurgical recovery of 94 percent for oxide, and 86 percent for fresh and transikonal material. Mineral resources are reported in relakon to an elevakon determined from opkmized pit shells. All composites have been capped where appropriate. 13

14 Manfo Pokukrom Pit Shells and Block Model Looking East +1.0 g/t block model shown Mineraliza8on below pit not tabulated in this es8mate 175 m depth is pit booom Metallurgical tes8ng - gold recovery 86% from sulphide and 94% from oxide 14

15 Manfo Nkansu Area RC Drilling Nkansu discovery made with liole geochemical response due to lateri8c cover 2014 drilling established con8nuity along 250 m to 125 m depth in southern target Some higher grades showing in SGRC-327 on north west end 3 zones developing at Nkansu 15

16 Manfo Major Structure Unexplored A major structure (unexplored to date) on east side of Manfo separates volcanics and sediments from a belt batholith to the east Explora8on to date has focused on a subsidiary structure km west of major structure Mineraliza8on encountered to date is replacement sericite-pyrite-carbonate mineraliza8on (very similar in style to Ahafo mineralizakon) Best mineraliza8on occurs as the result of replacement of magne8c sediments High grade galamsay vein occurrences are seen on neighbouring Forest Reserve ground hosted in intrusive (bright pink) 16

17 Manfo Major Belt Bounding Structure and Targets 17

18 Manfo Proposed Current and Future Programs Current Program target areas 6,000 m AC & RC program of 150 holes 2 3 months CDN$400,000 - $500,000 Future Program 20 new target areas on or near belt bounding structures and on or near the exis8ng mineralized structures CDN $750,000 - $1,500,000 Target Belt Bounding Structures and ExisKng Mineralized Structures 18

19 Akroma Property ExploraKon Adding Value DORMAA PROPERTY OPTIONED TO ROSCAN MINERALS CORPORATION North of Sefwi belt 159 sq km in 2 areas: Dormaa and Wamfi Dormaa Wamfi Next sedimentary belt to north Geochemical targets developed 2012 Infill soil geochem program Dormaa 5,000 m RC/RAB program planned to test geochemical anomalies 19

20 Akroma ExploraKon The geochemical anomalies are at least as good as what we saw at Manfo 10 anomalies greater than 1 km in length On closer spaced soil program, two significant anomalies 2.5 km and 3.2 km long 20

21 Akroma Dormaa OpKon Agreement Pelangio as Operator Roscan may earn an 50% interest in the Dormaa Property by funding an aggregate of $2,000,000 in explora8on expenditures In addi8on, Roscan will pay Pelangio an aggregate of $160,000 Funds to be used for expanded gold-in-soil geochemical surveys, prospec8ng, and approximately 3,000 metres of RC, AC or RAB drilling FUND PAY AMOUNT DUE DATE AMOUNT DUE DATE $150,000 by March 5, 2017 (received) $150,000 by May 4, 2017 $10,000 on November 7, 2016 (paid) $700,000 by December 5, 2017, and $50,000 by December 5, 2017, and $1,000,000 by December 5, 2018 $100,000 by December 5,

22 Obuasi Regional Geology, Mines and ExploraKon Targets Next to largest vein-hosted deposit in world Hard rock targets along main structure, Tikal-Bura and at the Birimian contact in North Government Area (NGA) Strong gold arsenic anomalism at NGA area in Birimian argillites Obuasi Pits 22

23 Obuasi North Government Target PG11-NGT g/t PG11-NGT g/t PG11-NGT g/t Substan8al anomaly, coupled with visible gold in core, affirms that Obuasi style system is clearly present in North Government Area 8 RC and Air Core drill ready targets over 1500 m of anomalism to test 23

24 Canadian ProperJes Birch Lake - Red Lake District BIRCH LAKE PROPERTY OPTIONED TO NOKA EXPLORATION INC. Located within 8 kms from Gold Canyon s Springpole Lake Deposit - a bulk tonnage mineralized system with an indicated resource of million tonnes at a grade of 1.07 g/t gold and 5.7 g/t silver, Gold Canyon NI , May

25 Birch Lake Under OpKon to Noka Resources Inc. Noka has a right to earn a 100% interest by: ExploraJon Expenditures PAY/ISSUE AMOUNT DUE DATE AMOUNT DUE DATE $1,300,000 over four years $375,000 over four years 4.5 M shares over four years The Birch Gold Project is subject to a 2% net smelter returns royalty held by Goldcorp Inc. 25

26 The Time is Now The Cycle Has Turned Last cycle we reenvisioned and mone8zed Detour Gold Now we have three ini8al resource stage projects Success Discovery Newly iden8fied 9 km major structure 7 mineralized areas at Manfo Developed resource Explora8on on three of them programs designed Completed Drill rig resource study commissioned and New Obuasi ready to go discovery Posi8oning Advance Follow up: on resource area and addi8onal zones 9 km major structure When 26

27 Planned ExploraJon Drill Programs Ready With Targets Manfo Target belt bounding structures and exiskng mineralized structures 2 stage explora8on program of RC, AC and diamond drilling Obuasi Target substan8al anomaly with visible gold in core RC/AC drilling - 8 drill ready targets over 1500 m Akroma Target mul8ple geochemical anomalies 5,000 m RC/RAB program When 27

28 Why Invest in Pelangio? Excep8onal leverage to rising gold price Posi8oned for posi8ve cycle return Camp size land posi8ons and stream of projects at various stages in Ghana world class mining jurisdic8on Manfo - emerging significant project in an area of giant deposits poten8al for addi8onal discoveries Successful team seven discoveries - maiden resource at Manfo, and re-envisioned the Detour Lake Deposit Why 28

29 Disclaimer Cautionary Note Regarding Mineral Resource Estimates Investors should not assume that any of the indicated or inferred resource disclosed herein will ever be upgraded to a higher category of mineral resource or to mineral reserves and that any or all of the indicated or inferred mineral resource exist or is or will be economically or legally feasible to mine. In addition, investors should not assume that any of the references herein to adjacent properties (based on public information) is necessarily indicative of the mineralization on the Manfo property or that further exploration on the Manfo property will prove to be successful. The disclosure herein uses mineral resource classification terms that comply with reporting standards in Canada and the disclosure of mineral resource estimates are made in accordance with National Instrument Standards of Disclosure for Mineral Projects. NI is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects that are considered material to the issuer. The explora8on programs in Ghana are overseen by Warren Bates, P. Geo.(APGO #0211), a Qualified Person as defined by the Canadian Securi8es Administrators Na8onal Instrument Mr. Bates has verified and approved the data disclosed in this presenta8on. All resource estimates contained herein are based on the definitions adopted by CIM and recognized under NI These standards differ significantly from the mineral reserve disclosure requirements of the U.S. Securities and Exchange Commission set out in Industry Guide 7. Consequently, resource information contained in this press release is not comparable to similar information that would generally be disclosed by U.S. companies in accordance with the rules of the SEC. The SEC s Industry Guide 7 does not recognize mineral resources and US. companies are generally not permitted to disclose mineral resources in documents they file with the SEC. Investors are specifically cautioned not to assume that any part or all of the mineral resources disclosed above will ever be converted into SEC defined mineral reserves. Further, inferred mineral resources have a great amount of uncertainty as to their existence and as to whether they can be mined legally or economically. In accordance with Canadian rules estimates of inferred mineral resources generally cannot form the basis of an economic analysis. Forward Looking Statements Certain statements herein may contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward-looking statements or information appear in a number of places and can be identified by the use of words such as plans, expects or does not expect, is expected, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate or believes or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved. Forward-looking statements and information include statements regarding the mineral resource estimate, the timing of exploration programs and filing of technical reports and the Company s exploration plans and exploration results with respect to the Obuasi Property, including alluvial exploration and bulk sampling, and the Manfo Property. With respect to forward-looking statements and information contained herein, we have made numerous assumptions, including assumptions about gold price, cut-off grades, metallurgical recoveries, operating and other costs and technical assumptions used in the estimate. Such forward-looking statements and information are subject to risks, uncertainties and other factors which may cause the Company s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Such risks include discrepancies between actual and estimated mineral resources, subjectivity of estimating mineral resources and the reliance on available data and assumptions and judgments used in the interpretation of such data, speculative and uncertain nature of gold exploration, exploration costs, capital requirements and the ability to obtain financing, volatility of global and local economic climate, share price volatility, estimate gold price volatility, changes in equity markets, political developments in Ghana, increases in costs, exchange rate fluctuations and other risks involved in the gold exploration industry. See the Company s annual information form and annual and quarterly financial statements and management s discussion and analysis for additional information on risks and uncertainties relating to the forward-looking statement and information. There can be no assurance that a forwardlooking statement or information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of the Company. Accordingly, readers should not assume that any of the indicated or inferred resource will ever be upgraded to a higher category or to mineral reserves and any or all exist or is economically or legally feasible to mine or place undue reliance on forward-looking statements or information. We undertake no obligation to reissue or update any forward-looking statements or information except as required by law. All forward-looking statements and information herein are qualified by this cautionary statement. 29

30 CONTACT Ingrid Hibbard, President & CEO Pelangio Explora8on Inc. Tel: