Corporate Presentation December 2017

Transcription

1 Corporate Presentation December

2 Disclaimer Statements contained in this presentation that are not historical facts may be forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995 and forward looking information under similar Canadian legislation (collectively, "Forward Looking Information"). Forward Looking Information includes, but is not limited to, statements regarding the Company s strategic plans, property search and evaluation plans, estimated levels of mineral reserves, mineral resources and expenditures, success of exploration activities, and acquisition targets and commitments. Forward Looking Information is based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. In certain cases, Forward Looking Information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would, and is based on certain factors and assumptions regarding, among other things, the estimation of mineral resources, the realization of resource estimates, the timing and amount of future exploration and development expenditures, the availability of necessary financing and materials to continue to explore and develop properties, the receipt of necessary regulatory approvals, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward Looking Information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the Forward Looking Information. Such factors include risks inherent in the exploration and development of mineral deposits, risks relating to variations in mineral resources, grade or recovery rates resulting from current exploration and development activities, risks relating to changes in metal prices and the worldwide demand for and supply of metals, risks related to increased competition in the mining industry generally, risks related to current global financial conditions, uncertainties inherent in the estimation of mineral resources, access and supply risks, reliance on key personnel, operational risks inherent in the conduct of mining activities, risk of delays or increased costs during the development process and relating to the acquisition of licenses and permits, regulatory risks, risks related to disputes concerning property titles and interest, and environmental risks. This list is not exhaustive of the factors that may affect any of the Company's Forward Looking Information. These and other factors should be considered carefully and readers should not place undue reliance on the Company's Forward Looking Information. The Company does not undertake to update any Forward Looking Information or statements that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws. The technical content of this presentation has been prepared by Roger Moss, Ph.D., P.Geo. the company s qualified person. 2

3 Labrador Golden Opportunity Large under-explored properties, including significant portion of greenstone belt Potential for discovery of new gold district(s) Experienced exploration management with success in finding gold deposits First mover advantage Aggressive initial exploration program completed first results expected in Q First stage drilling on selected targets in 2018 Politically stable jurisdiction supportive of mineral exploration 3

4 Executive Management Shawn Ryan - Technical Advisor 20 years of gold exploration experience resulting in the discovery of 7.5M ounces Au in three deposits Recipient of the 1998 Yukon Chamber of Mines Prospector of the Year Award, 2010 Spud Huestis Award, and 2011 PDAC Prospector of the Year Award Founder & Technical Advisor of GroundTruth Exploration, developer of innovative exploration techniques (e.g. Drones to Drill) with significant experience in northern Canada Roger Moss, P.Geo - Chief Executive Officer Professional geologist with 20 years international experience in copper and gold exploration Instrumental in discovery of the multi-million ounce Navachab gold deposit in Namibia 16 years in senior management roles including 13 years as President and CEO of Labrador Gold Ph.D. from University of Toronto, currently adjunct Professor in Lassonde Mineral Engineering Program 4

5 Labrador Properties Ashuanipi Property Area: 740 square kilometres (Km 2 ) 35 km south of Schefferville linked by rail to Sept Isles in the south Target Iron formation hosted gold Nain Property Area: 503km 2 Target: Orogenic Gold associated with Torngat Orogen Ashuanipi Nain Hopedale Hopedale Property Area: 458km 2 East end of property on tidewater southeast of Hopedale Target: Greenstone hosted gold 5

6 Infrastructure Ashuanipi 35km south of Schefferville Schefferville linked by rail to port of Sept Iles to south Nain-Hopedale Eastern claims on tide water 30km from community of Hopedale Daily air service from Happy Valley-Goose Bay Ashuanipi Schefferville Tshiuetin Railway Churchill Falls Hopedale Nain Hopedale Happy Valley-Goose Bay Quebec North Shore and Labrador Railway 6

7 Ashuanipi Quebec In 2010, Rockland Minerals (now International Corona) announced a drill intersection of 19.55m of 2.23 g/t Au 30 km north of Ashuanipi property in similar geology Part of a 2km long north-south zone of anomalous gold (Ivanov, 2012) Hole ID From (m) To (m) Intersection (m) Au (g/t) WT including RL including Higher gold values found in lake sediments in Labrador than around known gold showings on Quebec side Lack of detailed modern day exploration in Labrador portion of Ashuanipi complex compared to Quebec WHY NOT LABRADOR? 7

8 Ashuanipi Success of exploration in Quebec suggests potential for discovery in Labrador No real modern day systematic exploration program has ever been undertaken in the area, mostly prospecting for rusty outcrop Recent ( ) regional mapping by GSNL indicates similar lithologies on both sides of border Previous work by survey geochemist John McConnell showed that soil sampling works to locate anomalous gold bearing iron formation Modified after van Nostrom,

9 Ashuanipi Geochemistry Geochemical compilation map of anomalous gold in lake sediments (coloured squares) rocks with +100ppb Au (coloured stars) rusty gossans (orange circles) from GSC mapping One of largest areas of lake sediment gold anomalies in Labrador Clear grouping of anomalies are apparent and constitute preliminary targets for follow up in first phase exploration 9

10 Ashuanipi Magnetics Recent Geological Survey of Canada detailed magnetic survey covers large parts of the Ashuanipi claims Useful to identify potential iron formation and structure 10

11 Hopedale Hopedale claims cover most of the Hunt River and Florence Lake greenstone belts (~80 km) Under explored for gold despite Thurber dog showing assaying up to 7.5 grams per tonne gold Area of Hunt claims has seen very limited prior staking Good correlation of gold with arsenic in both greenstone belts Nickel exploration identified significant strike length of carbonatized ultramafic volcanic rocks Significant (75%) airborne geophysical coverage from historical surveys completed in the uranium exploration rush 11

12 Hopedale Occurrences Thurber Dog Showing (historical assays up to 7.5 g/t Au) in quartz phyric felsic metavolcanic rocks, Florence Lake greenstone belt Gossanous metasedimentary rock with associated iron formation, Hunt River greenstone belt Carbonatized ultramafic volcanic with quartz veining and local arsenopyrite, Florence Lake greenstone belt 12

13 Nain Sneegamook and Pocket Knife lake targets lie along the Churchill Nain terrane boundary Orogenic gold target greenschist facies rocks associated with the Torngat orogen that defines the Churchill-Nain terrane boundary c.f. Aucoin Au Coin Showing Sneegamook and Pocket Knife Lake Claims 13

14 Aucoin gold showing Aucoin gold showing situated on the Nain- Churchill terrane boundary Ar-Ar dating of phengite from altered syenite gives an age of 1873±6 Ma for mineralization (Sandeman & McNicoll, 2015) Correlates with a Paleoproterozoic period of gold metallogeny from 1775 to 1900Ma Suggests potential for further gold mineralization along the terrane boundary 14

15 Nain Geochemistry Gold in lake sediments No known gold exploration ever undertaken at Sneegemook or Pocket Knife Lake Sneegemook has largest population of >99% percentile gold in lake sediment in all of Labrador Clusters of gold anomalies on Pocket Knife Lake claim block ready for follow up by soil sampling 2017 sampling should provide targets for RAB drilling in

16 Nain-Hopedale Geochemistry Gold in lake sediments Arsenic in lake sediments No gold exploration ever undertaken at Smeegemook or Pocket Knife Lake Hopedale greenstone volcanics show significant arsenic anomalies many of which correlate with gold Largest and most intense gold in lake sediment anomaly in Labrador Gold samples from Thunderdog have a direct correlation with arsenic 16

17 2017 Exploration Geochem Ashuanipi Hopedale Nain Prospecting Lake Sediment Sampling Ashuanipi: 680 samples (1.1/km 2 density) Nain: 488 samples (1/km 2 density) Hopedale: 379 Samples (1.2/km 2 density) Soil Sampling Ashuanipi: 4,512 Samples Nain: 2,260 Samples Hopedale: 1,866 Samples 17

18 2018 Proposed Exploration Follow up of lake sediment anomalies with detailed soil sampling and prospecting Follow up soil anomalies with mapping and rock sampling Select areas for initial testing by RAB drilling RAB drilling expected by Q3 18

19 Share Structure Ticker TSX-V: LAB Share Price[December 29, 2017] $0.20 Market Capitalization $7 million Issued and Outstanding Shares 35.2M Warrants 16.3M Options 3.2M Fully Diluted 54.7M Debt Nil Insider Ownership: 33% Including: Plethora Precious Metals 16% Management 6% 19

20 For More Information Roger Moss, President and CEO Website: 20