Frankfield Gold Project Corporate Presentation

Transcription

1 Frankfield Gold Project Corporate Presentation July

2 Forward Looking Statement Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company s actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent to mineral exploration, risks associated with development, the uncertainty of future profitability and the uncertainty of access to additional capital. TSX-V: GWA 2

3 Corporate Overview Symbol GWA (V) 52-Week High/Low $0.40/$0.06 Recent share price $0.20 Shares Outstanding 81.8 million Warrants 27.4 million Options 6.1 million Shares Fully Diluted million Average daily Vol. 150,000 Market Cap Cash $16 million $ 4 million Share Ownership: Management 14% Institutional 18% TSX-V: GWA 3

4 Why Invest In Gowest? Experienced mine building management team Current mineralized horizon more than double existing 500,000 oz resource Fully funded 2010 exploration & development program Current market cap reflects in situ value of $31/oz (including cash) Typical industry valuation: $85 - $135 per oz Three outstanding gold exploration targets in addition to the main deposit Active community relations program in Timmins Low Risk (jurisdiction, valuation, gold, proven management, quality secondary targets, highly prospective land package) Gowest is Undervalued!! TSX-V: GWA 4

5 Experienced Management Team Management Greg Romain, President & CEO Janet O Donnell, CFO Darren Koningen, VP Technical Services, P.Eng Randall Roussain, Project Coordinator Exploration Miguel Cardona, Technical Services Exploration Garth Wilcox, Project Manager Rory Quinn, Investor Relations Directors Fraser Elliott, Chairman Greg Romain Ewan Mason, Chair - Audit Committee Jeremy Niemi, Chair - Compensation Committee Advisory Group Tom Obradovich James Gill Richard Adams Ronald Bradshaw Greg Romain, President & CEO Overseen consolidation and transition at Gowest Involved in mineral processing industry for 20 years Most recently President & CEO of Canadian mining manufacturing company. Took the company public as an Income trust, then sold to a private equity group Darren Koningen, VP Technical Services P.Eng Professional Engineer ( Metallurgy) 16 years experience Most recently VP Project Development at Castle Gold Directed design, construction and commissioning of 2 operating gold mines in the past 4 years. Randall Roussain, Project Coordinator Exploration 35 Years working the Timmins Gold camp Involved with discovery at Bell Creek and Hoyle Pond Lead Geologist with early promotion and development of Kinross Jeremy Niemi, Director Currently VP Geology at Noront (13 years of geology experience) Previously Manager of technical services for Kinross Gold Started Career at Inco technical services Ewan Mason, Director & Chair of the Audit Committee Former head of investment banking at large Canadian sec. firm Has worked in the financial sector for 17 years Prior to finance was a geologist with a number of mining co s. TSX-V: GWA 5

6 Frankfield Gold Property Regional Geology Located on significant shear structure that appears to be offset from historic Porcupine- Destor fault system Highly prospective area located at junction of two fault systems including north-south structure that passes through Hoyle Pond Hwy 655 TSX-V: GWA 6

7 Frankfield Gold Project Highlights Frankfield East Deposit - 510,000 oz. gold resource based on report* in 2009 (2.4 million 6.5 g/t) Fully funded +20,000m drill program in 2010 Phase 1 Gowest drills 5.7m of 8 g/t gold, highlights include: Deepest hole to date, 700m vertically, 3m of 8.4 g/t gold Strike length increase to 700m from 450m (+50% increase) Average mineralized width approaching 4m at 7g/t gold. Consistent with existing drill database and 510,000 oz resource. Land package quadrupled through Goldcorp land acquisition (25 Square km) Advancement of engineering work for project development/construction * For the complete report visit GOWEST SEDAR filing Jan. 5, 2009 TSX-V: GWA 7

8 Frankfield East Deposit Cross Section Deposit exhibits good vertical continuity 0m Dip of mineralisation is well suited for efficient underground mining techniques Ultramafic Contact A B 200m C Intersection Width (m) Grade (g/t Au) Main Zone Mineralisation D A B C m E D F2 E F1 F F G m G (486500E section looking west) TSX-V: GWA 8

9 Historic Regional drilling & Phase 2 Targets Phase 1 & 2 Resource expansion drilling TSX-V: GWA 9

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11 Frankfield East Deposit Greater Gold Potential TSX-V: GWA 11

12 Frankfield West Greater Gold Potential Up to 1980 s Base metals search via EM conductors Early 2000 s Government magnetics survey hints at larger regional fault system Gowest 2009/10 High Resolution Geophysical Survey - EM, magnetics 3D Magnetic Surface Inversions (fluid alteration zones) Soil Gas Hydrocarbon Analysis (presence of sulphide minerals) TSX-V: GWA 12

13 Frankfield Gold Project Main Structure Exploration Potential Resource expansion potential 1.5 to +3 million ounces* Two parallel structures south of main contact zone remain untested * Note: Areas illustrated for resource expansion are assumed to be similar in grades and widths to the compliant resource for the Frankfield East deposit with a qualitative potential factor applied based on proximities to known drill results. All quantities and grades of this material are conceptual in nature and it is uncertain if further exploration will result in the targets eventually being delineated as a mineral resource. 600 m 600 m 4.2 g/t** 10.2 g/t** 6.8 g/t** 4.5 g/t** Phase 2 drilling 2.1 g/t** 4.1 g/t** Historical Property Boundary 510,000 oz +100% potential =1,000,000 oz Phase 2 drilling S U R F A C E Frankfield East Deposit 74 holes drilled 17,200 m = 510,000 oz (2.4M tonnes x 6.5gpt ) Phase g/t, 3m GW m 600 m 600 m D E P T H ** historic data (not compliant) (intervals are not true width) TSX-V: GWA 13

14 Access to Custom milling Frankfield Project 100km $40/oz trucking TSX-V: GWA 14

15 A comparison of two Timmins gold deposits Gowest has doubled the size of the Frankfield mineralized envelope (originally 510,000oz) Phase 2 drilling will target expanding the envelope further along strike (from 700m to +800m) and depth (from 700m to 1000m) Gowest believes there is +1.5 million oz potential at the Frankfield East deposit alone, with huge upside at 3 targets on the same property with very similar characteristics Gold currently $1200/oz 15

16 Frankfield Gold Project Work Completed Property consolidation of New Texmont Tully with Gowest Q Develop preliminary 3D geological resource model Q Identify resource expansion opportunities Incorporate historical data for entire Frankfield Project area Soil Gas Hydrocarbon Sampling (Phase 1) Q High Resolution Airborne Geophysics Survey Q Site Orthophoto Survey and Contour Mapping Q Expand Tully Township land holdings Acquired Goldcorp claim area adjacent to Frankfield project TSX-V: GWA 16

17 Frankfield Gold Project Plan 2010 Update current Resource H Drilling program for resource expansion 2010 Target outline economic resource Phase 1 (Q1/2 2010) -- 10,000m focused on areas to the west and at depth from Frankfield east deposit (6015m completed as of 04/2010) Phase 2 (Q3/4 2010) minimum 10,000m to further expand areas drilled in Phase 1 and also similar geological contacts south of main known Frankfield structure Metallurgical Testwork (Phase 2) Q3/Q Review of Greenfield/Brownfield Processing Site Opportunities 2010 Resource Evaluation Scoping study 2010 Initiate baseline environmental study 2010 Evaluate similar metallurgical deposits with a view to grow regional resources 2010 TSX-V: GWA 17

18 Why Invest In Gowest? Experienced mine building management team Current mineralized horizon more than double existing 500,000 oz resource Fully funded 2010 exploration & development program Current market cap reflects in situ value of $31/oz (including cash) Typical industry valuation: $85 - $135 per oz Three outstanding gold exploration targets in addition to the main deposit Active community relations program in Timmins Low Risk (jurisdiction, valuation, gold, proven management, quality secondary targets, highly prospective land package) Gowest is Undervalued!! TSX-V: GWA 18

19 Contact Information Gowest Amalgamated Resources Ltd. 80 Richmond Street West, Suite 1400 Toronto, Ontario M5H 2A4 TF T F Info@gowestgold.com Greg Romain, President & CEO T gregr@gowestgold.com Rory Quinn, Investor Relations T ext.208 roryq@gowestgold.com TSX-V: GWA 19