Moneta Porcupine Mines

Transcription

1 Moneta Porcupine Mines Building gold resources east of Timmins, Ontario August

2 Forward looking Statements This presentation contains forward looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding exploration results, potential mineralization, future plans and objectives of the Company and mineral resources) are forward looking statements. These forward looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, uncertainties relating to the availability and costs of financing needed in the future, changes in commodity prices, changes in equity markets, changes to regulations affecting the Company's activities, the uncertainties involved in interpreting exploration results and other geological data and the other risks involved in the mineral exploration industry. Any forward looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward looking statements are reasonable, forward looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. 2

3 Corporate Information Moneta is one of the longest continuously listed companies on the TSX Stock exchange listings Share price range (52 week) $ Recent price $0.17 Market capitalization Shares outstanding Xetra/Frankfurt/Berlin: MOP $19 million million Fully diluted million (8 million average $0.12) Ownership by insiders 16.5 million Cash on hand $0.5 million (Mar 31, 2009) Corporate offices Debt outstanding Timmins, Ontario Nil 3 with no share consolidations in its 98 year history.

4 Board of Directors and Management Management Directors: Ian C Peres, CA Over 15 years of experience in capital markets, resource President & CEO (Based in Toronto, Ontario) sector, and retail and institutional financing Rod Whyte, B Econ, B Arts Over 30 years experience in all aspects of natural Chairman (London, England) Independent Directors: resource sector Warren Bates, P Geo SVP Exploration of Pelangio (TSX: PDX) with over 22 years of experience in the mining and exploration and the Abitibi Greenstone Belt Michael Coulson Experienced analyst and mining commentator Alex Henry, CA Financier and asset manager Charles Parsons, FCA International experience in resource sector Management: Rainer Skeries, P.Geo. Over 20 years experience in Abitibi Greenstone belt Exploration Manager 4 Francis Yungwirth, P.Eng., LLB Timmins based lawyer and mining engineer Corporate Counsel

5 QUEBEC ONTARIO Regional Perspective The property package includes claims in Porcupine camp 0 6 NORTH TISDALE Timmins KAYORUM DESTOR Major faults Mineralization trends/zones Timiskaming sediments locally with banded iron formation Mafic/ultramafic volcanics Mines selected past/present (2006 production figures) km 2 PORCUPINE CAMP 3 PORCUPINE 4 FAULT NIGHTHAWK LAKE 5 ZONE HOLLINGER MINE (19.5 Moz) McINTYRE MINE (10.7 Moz) DOME MINE 15.7 Moz PAMOUR MINE 4.2 Moz HOYLE POND MINE 2.3 Moz XSTRATA KIDD CREEK MINE ST ANDREW GOLDFIELDS 7 AQUARIUS PROJECT (1.2 Moz) 11 HOLLOWAY MINE (0.9 Moz) 12 HOLT McDERMOTT MINE (1.3 Moz) APOLLO GOLD 8 STOCK MINE (0.13 Moz) 9 BLACK FOX (GLIMMER MINE 0.21 Moz) 10 7 GOLDCORP (formally PJV) ROSS MINE (1.0 Moz) XSTRATA KIDD CREEK METALLURGICAL COMPLEX 8 HWY 101 Matheson Moneta Porcupine Mines Moneta / Acrex Ventures JV HWY 11 Moneta / St Andrew Goldfields JV PIPESTONE FAULT W 0 Red Lake km GUIBORD 200 O N T A R I O U. S. A. Hemlo GOLDEN HIGHWAY CAMP GOLDEN HIGHWAY PROJECT DESTOR 11 MICHAUD / GARRISON / BARNET 80 W Detailed Map Timmins 12 Kirkland Lake PORCUPINE HWY 101 P Q Noranda Val d'or TORONTO FZ 50 N 45 N 5 with a focus on Golden Highway Camp.

6 Abitibi Greenstone belt The Timmins Camp is experiencing a significant resurgence Goldcorp advancing Hollinger Project (3 pits modeled) adjacent to Moneta s Kayorum property Lakeshore Gold now in production at Bell Creek and imminent at Timmins Apollo Gold now in production at Black Fox 20km west along Destor Active camps in eastern Ontario Abitibi Greenstone belt: Porcupine Camp (Timmins) / Golden Highway Camp Kirkland Lake 35km to the south Matachewan 75km to the southwest Major mines along the Destor include: Hollinger(19.3M oz) / McIntyre(10.8M oz) / Dome(15.8M oz) / Pamour (8.0M oz) Active juniors along the Destor include: Lakeshore Gold, Apollo Gold, St Andrew Goldfields, West Timmins Gold, Explor, VG Gold, Temex, Valgold, and Moneta 6 with Goldcorp, Lakeshore, and Apollo leading the regional TSX: activity. ME

7 Porcupine Camp Properties Moneta holds properties adjacent to past gold producers Nighthawk Lake (100% 121 claims) Collins Zone (Open: 500m strike X 300m depth) Low grade open pit concept (local high grade: 9.54 g/t over 5.75m) Modeling suggests shallow dip and a second deeper gold bearing zone St Andrew Aquarius project within 6km to east on strike; Nighthawk Break deposits to south Kayorum (100% 52 claims) Located between Dome and Hollinger Mines Includes former Moneta Mine: high grade producer (~150, oz/t) Extension to Hollinger vein system, Adjacent to Hollinger pit North Tisdale (100% 166 claims) Along North Mine Trend (Bell Creek Lakeshore Gold, Owl Creek Goldcorp) West Timmins ( 100% 16 claims) Ni Cu and gold potential near Thunder Creek discovery of West Timmins Gold 7 and along known gold trends in the Porcupine TSX: Camp. ME

8 Property focus: Golden Highway Project 8

9 Corporate Highlights Moneta s gold properties are along the Destor Porcupine Fault Zone ( Destor ) Corporate Focus: The Golden Highway Project ( GHP ) Southwest Zone g/t Au (624,500oz) (historical resource) Windjammer South zone g/t Au (305,000oz) indicated and (NI resources) g/t Au (212,000oz) inferred 55 Zone (50%) High grade intersections 9.68 g/t) Good Address 72M oz of gold mined in Porcupine and Golden Highway Camps, on the prolific Destor Infrastructure/Support: all properties have access to highway and power Moneta is expanding NI gold resources 9 which forms part of the western Abitibi Greenstone belt.

10 Golden Highway Project ( GHP ): Overview Properties have been advanced by majors: Barrick, Noranda, Unocal 665 claim units (~10,600 hectares) on Golden Highway Project Largely contiguous claim block centered on Southwest Zone in Michaud Township GHP covers 12 km of strike along the Destor 10 distinct gold zones to date Additional strike along major splays (Pipestone, Munro and Arrow) Different mineralized geological settings along the Destor: Southern Corridor: altered Timiskaming sediments Northern Corridor: altered mafic / ultramafic volcanics and syenite intrusives 3 D digital models developed on over 500 drill holes on GHP properties Historical drill core is available at Moneta core shack (>100km of core) 10

11 Golden Highway Project: Southwest Zone (100% owned) SW Zone has identified significant high grade potential Zone: (open: 1,000m strike X 100m X 500m depth) Known geological setting: iron formation footwall Broadly mineralized to 450m depth Multiple discrete vein systems (en echelon) Wide alteration zone discovered at 1,000m Hole 162: 2.14 g/t over 69m drilled width (incl. 6.01g/t over 6.17m) Historical resource of 624,500 ounces (Barrick JV) 3.3M 6 g/t with 3 g/t cut off Barrick JV drilled 55 holes in 1996/1997 Objective: upgrade resource to NI with the same geological setting as Windjammer South at depth. 11

12 Golden Highway Project: Windjammer South (100% owned) Windjammer South, a generally pervasive gold system Zone: (open: 500m strike X 150m X 350m depth) NI resource (305,000 oz indicated / 212,000 inferred oz Au) 26 drill holes by Noranda in 1980 s 20 drill holes by Moneta in 2008 (6,900m) Well defined gold mineralized alteration zones in sediments Higher grade intersections (3.4g/t over 27m) Same geological setting as SW Zone Inferred westerly plunge towards higher grade SW Zone (1,000m strike) Hole 162 (SW Zone) with same geological setting confirms gold system at 1,000m depth (2.14g/t over 69m drilled width) Hanging wall potential (new zone?) identified and to be drilled which remains open laterally and to depth. 12

13 Golden Highway Project: Windjammer North (100% owned) Windjammer North has higher grade intersections Zone: (open: 400m strike) NI recommends further drilling to develop zone Potential for Lightning Zone mineralization as at Holloway mine east along Destor Gold vein system in altered mafic/ultramafic volcanics and sediments along volcanic contact Similar setting to Holloway Mine 20 km east along structure 23 historical drill holes by Noranda Higher grade intersections (6.37 g/t over 5.9m) On strike with Moneta gold zones along northern corridor and Destor Last Chance Zone, Twin Creeks Zone, and Landing Zone with significant untested potential. 13

14 Golden Highway Project: Exploration Focus Current IP program testing WJS to SWZ gap. Windjammer North Discover Abitibi profile L 32 & 40 E Landing Zone Orientation profiles Twin Creeks MN Priority Area existing profiles proposed profiles 104 Anomaly Windjammer South MWJ08 19 M M MN Southwest Zone 55 Zone MN

15 Golden Highway Project: Exploration Focus (cont d) Southern Corridor Longitudinal Timiskaming Sediments along Iron Formation Western Zone Dyment3 55 Zone Southwest Zone Windjammer South Moneta / Acrex Michaud JV Moneta Golden Highway WSW M MWJ08 19 ENE 200 m MN / MN PLUNGE TARGET 15 MN g/t Au over 68.0 m Incl.6.00 g/t over 8.50 metres 1000 metres

16 Golden Highway Project: Michaud JV (50%): 55 Zone, Western, Dyment 3 The Michaud JV covers the same sedimentary units as the SW Zone Michaud JV: 65 claim units or 10% of the Golden Highway Project 55 Zone (open: 350m strike x 100m width x 350m depth) Currently defined by only 26 drill holes Same sedimentary units as SW Zone with decreased iron formation Higher grade intersections 9.68g/t) Initial discussions re NI resource estimate Dyment 3 Confirmed mineralized corridor between 55 Zone and Western Zone Western Zone 14 holes 125m drill spacing Higher grade over narrow widths 8.5g/t over 2.4m (incl. 26.7g/t over 0.6m) On strike with 55 Zone, Dyment 3 16 within a 2km under explored mineralized corridor.

17 Current Corporate Objectives Continue to build ounces and upgrade resource categories Windjammer South NI resource improved categories and quantities (completed) Test westerly plunge/linkage towards Southwest Zone Interpret and evaluate potential of higher grade sections Test hanging wall potential (new zone?) Exploration for higher grade within known zones Targeted drilling on all zones on strike and evaluate resources at depth Windjammer North drill program: to confirm and expand high grade zone Southwest Zone Upgrade historical resource to NI compliance Drill upper section of zone Wedge hole 162 at depth Advance regional property rationalization opportunities 17 and enter discussions with prospective strategic partners.

18 Peer comparison (at May 15, 2009) Moneta s valuation reflects under explored properties Reserves and Resources (MM's) Valuations (EV / Resources) Market Cap (MM's) EV (MM's) Reserves 3Ps Resources M&I Inferred Historical Resources Reserves 3Ps Resources M&I Inferred Historical Resources Total Lakeshore Gold $ 278 $ 189 $ 791 $ 99 West Timmins $ 235 $ 4,086 $ 222 St Andrews $ 172 $ 20 $ 69 $ 13 Apollo Gold $ 71 $ 28 Bear Lake Gold $ 23 $ 37 $ 14 Osisko 1,920 1, $ 163 $ 577 $ 127 Detour $ 81 $ 364 $ 201 $ 50 Moneta $ 30 $ 44 $ 15 $ 8 18 with the potential for exceptional growth in market cap.

19 Summary Moneta holds highly prospective properties along the prolific Destor Good Address (72M+ oz of gold mined to date on the prolific Destor in Ontario) 10 under explored distinct gold zones, open laterally and to depth Increasing gold resources: Southwest Zone 624,500oz (historical resource) Windjammer South 305,000oz (ind) / 212,000oz (inf) (NI resource) Exceptional quality of database with ready access to drill core (Moneta coreshack) Drilling undertaken primarily by Majors Significant ownership by Directors, Management, and associates to increase NI resources and upgrade categories. 19

20 Corporate Contact Moneta Porcupine Mines Inc. 65 Third Avenue, Timmins, Ontario, P4N 1C2 Ian C Peres, President & CEO iperes@monetaporcupine.com Rod Whyte, Chairman rodwhyte@btinternet.com 20