Investor Presentation May 2017

Transcription

1 Investor Presentation May

2 Forward Looking Statement Some of the statements and financial projections contained in the following material are forward-looking statements and not statements of facts. Such statements are based on information currently available and have not yet been verified by an independent Qualified Person. The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in the company s latest annual and quarterly reports and management discussion and analysis. The company assumes no obligation to publicly update any forward-looking statement, whether as result of new information, future events or otherwise. 2

3 Plata Latina Overview PLA Objective: Discover Mexico s next great high-grade Ag-Au districts Proven Exploration Strategy targets the discovery of new high-grade Ag-Au districts by combining the classic epithermal-vein Ore Horizon Model with the Mexican Silver Belt Concept Led by Mike Clarke, with extensive exploration and mining experience in Mexico, discoverer of several high-grade Ag-Au deposits in Mexico and backed by resource investors with proven track records High-Grade Discovery at initial drill project (Naranjillo) validates exploration strategy 3

4 Board of Directors Mike Clarke, Founder and Director, President and CEO 40+ years working world-wide in silver and gold exploration. PhD from University of Arizona with a dissertation on high-grade Ag-Au vein formation in a major Mexican silver-gold deposit. Discovered numerous high-grade Ag-Au deposits in the San Dimas district, Mexico, and co-developer of highly successful San Dimas district exploration concepts. Gil Clausen, Founder and Chairman 35+ years executive, finance, development and operations experience in the precious and base metals industry. Currently President & CEO of Brio Gold Inc. Previously President & CEO of Augusta Resource Corporation before its acquisition in July Bachelor and Masters degree in Mining Engineering from Queens University and a graduate of the Queen s executive business program. W. D. Randy Eppler, Founder and Director 35+ years of finance, exploration, production and resource marketing. Founding Partner of Sierra Partners LLC, a resource advisory firm. 9+ years in executive finance and corporate development positions with Newmont Mining Corporation; Director of Augusta Resource Corporation prior to its acquisition, Golden Minerals Inc. (NYSE MKT: AUMN), Vista Gold Corp. (NYSE MKT/TSX: VGZ) and Frontier Mining Ltd (AIM: FML). Robert B. Blakestad, Director 40+ years of mining experience. Most recently as Senior Vice President, Exploration and Chief Geologist for Golden Minerals Company, Vice President, Exploration of Apex Silver Mines Limited and Chief Executive Officer of International of Taurus Resources. Letitia Wong, Director Approximately 15 years experience in finance, investor relations and communications. Currently Vice President, Corporate Development of Brio Gold Inc. Previously Vice President Investor Relations of Augusta Resource Corporation and Ventana Gold Corporation and prior to that Director Investor Relations of Yamana Gold Inc. Bachelor of Commerce Degree in Finance from the University of British Columbia (Sauder School of Business), CFA charterholder Margaret Brodie, Director Over 15 years of finance and accounting experience, including previously being CFO of Riva Gold and, most recently, CFO of Plata Latina Minerals. Bachelor of Commerce Degree from the University of British Columbia, CPA, CA designation. Member in good standing of the Canadian Institute of Chartered Accountants. 4

5 World s Premier Silver Address The Mexican Silver Belt PLA Exploration Focus Mexico is the most silver-endowed country on earth - over 5 billion oz of Ag from high-grade epithermal vein districts - Historical Epithermal Ag-Au Vein Districts Mexican Silver Belt Major historical silver districts define the Mexican Silver Belt - over 800km in length and km in width - - offers exploration a large, yet focused target area - Presently known major Mexican high-grade Ag-Au vein districts were all discovered in Spanish times from outcrops Areas between these historical districts offer great opportunity for discovery of additional, blind high-grade Ag-Au districts San Dimas Bacis Sombrerete Fresnillo Zacatecas Guanajuato Pachuca El Oro Mexico City PLA COMPETITIVE ADVANTAGE Applying the Ore Horizon Model to the Mexican Silver Belt, searching between these historic districts for Mexico s next generation of high-grade Ag-Au districts Epithermal Districts With Over 1,000M oz Ag Produced Epithermal Districts With Over 100M oz Ag Produced 5

6 Ore Horizon Model - Idealized Epithermal Vein Longitudinal Section View - PLA Exploration Model Mexican epithermal-vein silver deposits typically display distinctive surface alteration, but little geochemical expression, above a deeper Ore Horizon hosting high-grade orebodies Erosion Exposes Orebodies Discovered And Mined in Spanish Colonial Times ~ km Between Districts Within Mexican Silver Belt Erosional Surface - Remains Above Ore Horizon Clay-Pyrite Alteration - Little or No Ag-Au on Surface Orebody Quartz Vein Orebody Orebodies Restricted Vertically To a Horizon m in Height The ORE HORIZON Plata Latina Drill Targets - Blind Orebodies Generalized Example of Historical High-grade Ag-Au District (ie, Fresnillo, Guanajuato) Plata Latina Target Next-Generation High-grade Ag-Au District 6

7 Current Plata Latina Portfolio Finding Mexico s Next Great High-Grade Silver Districts Mexican Silver Belt Epithermal Ag-Au Vein Districts San Dimas Bacis Sombrerete Fresnillo Zacatecas Real de Angeles Guanajuato El Oro PLA Portfolio: 4 properties (30, 812 ha.) Pachuca Palo Alto Property Vaquerias Property (Near-Term) Naranjillo Property (Discovery)* La Joya Property Plata Latina Property Epithermal Districts With Over 1,000M oz Ag Produced Epithermal Districts With Over 100M oz Ag Produced Mexico City * Fresnillo Optioned,

8 PLA Portfolio and The Central Mexican Ag Belt Finding Mexico s Next Great High-Grade Silver Districts Fresnillo (+Billion Oz Ag) Zacatecas (+Billion Oz Ag) Plata Latina Properties Well Positioned Four properties located between historical districts on projection with historical ore-hosting structures Asientos (65MM Oz Ag) Palo Alto Vaquerias (Near-Term Project) Guanajuato (+Billion Oz Ag) Naranjillo (Discovery) Plata Latina Project Mexico City N La Joya Hosting Structures (Shown to Scale) Pachuca (+Billion Oz Ag) km El Oro (75MM Oz Ag) 8

9 Naranjillo Property - First PLA Discovery Naranjillo Mexico City 9 High-level alteration led to blind discovery of deeper high-grade Ag-Au veins confirms Plata Latina exploration strategy Located on projection and just south of High-Grade Guanajuato Ag-Au District Purchase option signed with Fresnillo plc TSXV approval granted in April, 2017

10 Naranjillo Discovery - Regional View - Guanajuato District Guanajuato District (Historical Production of Over One billion Oz Ag, 6 Million Oz Au) Valenciana Cata Rayas Las Torres N Fresnillo plc - Potrerillos Project Inferred Resource as of 12/31/14 576, g/t Ag, 0.78 g/t Au Fresnillo plc Claims Plata Latina - Naranjillo Discovery Average intercept interval of 2,041 g/t Ag, 8.5 g/t Au LOI Signed - Fresnillo plc option to purchase Fresnillo plc Claims Golden Minerals Celaya Project Three Drill Holes Completed Best Result 1.10m 393 g/t Ag, 7.4 g/t Au Fresnillo plc - Cerro Blanco Project (On-going Multi-Rig Drilling Program) Inferred Resource as of 12/31/14 499, g/t Ag, 3.56 g/t Au 0 20 Km Plata Latina Claims Fresnillo plc Claims Golden Minerals Claims 10

11 Naranjillo Discovery: Proven Success of Ore Horizon Model 17,342 g/t Ag, g/t Au 1.60m 5,063 g/t Ag, g/t Au 0.80m Discovery Hole BDD-N-10 Core 11

12 Terms of Fresnillo Option Fresnillo has the option to acquire 100% of Naranjillo Cash commitment of US$2.15 million payable over three years Fresnillo required to spend US$3 million in exploration Plata Latina retains upside through a 3% NSR, which Fresnillo may purchase for US$6 million. Plata Latina to receive minimum advance annual royalty payments of US$100,000 after three years (total limited to US$1,000,000) Use of proceeds: Seek new opportunities with other companies, private property owners. Initiate drilling to test Vaquerias target. Continue work on La Joya project. Permit drilling at Palo Alto. Continue field work to generate new grass roots exploration projects for the portfolio. 12

13 Vaquerias Project Vaquerias Mexico City 13 Historical silver mine in erosional window exposing veins and surrounding strong alteration Multiple Exploration Targets Located NW and on trend from the world-class Guanajuato high-grade Ag-Au District. In the state of Jalisco, consists of 4,511 hectares. First phase drilling returned up to 737 g/t Ag over 0.55m.

14 Vaquerias Project Plan View 0 5km Window of Pre-Mineral Rocks Historical Workings Plata Latina Controlled Land PLM DDH s EXPLORATION TARGET I Vaquerias Vein Beneath Cover Intense Clay-Pyrite Alteration as Vaquerias Structure Disappears Under Post-mineral Cover Strong Multi-Element Geochemical Anomaly Au/Ag ratios increasing to South Indicating Potential Ag-Au Mineralization Beneath Cover - EXPLORATION TARGET II Strong silicification at edge of Post-mineral Cover Vaquerias Vein Outcrop Exposed in Erosional Window of Pre-Mineral Rocks Jasperoid with Fine-grained Quartz-silica veinlets 14

15 Vaquerias Project Exploration Concepts - Cross Section SW NE Strong clay-pyrite-silicification - Accompanied by Multi-Element Geochemical Anomaly Au/Ag ratios increasing to South Indicating Proximal Ag-Au Mineralization Beneath Cover Post-mineral Rhyolite EXPLORATION TARGET II (Veins?? Disseminated??) Pre-mineral Mesozoic Sedimentary Rocks Projected Bottom of Mineralized Horizon Example of Strong Silicification at Cover Edge Target I Model 10-15m Wide Zone of Ag Veins and Stockwork 0 200m 15

16 Vaquerias Project Vaquerias Vein Long Section - Target I Exploration Concept NW NW Increasing Intensity of Clay-Pyrite Alteration Providencia Mine San Salvador Mine (Area of Un-Mapped UG Workings) DDH V m g/t Ag (FW Structure) Planned DDH s DDH V-3 No Significant Intercepts DDH V m - 14 g/t Ag DDH V m - 65 g/t Ag DDH V m - 13 g/t Ag Pre-mineral Mesozoic Sedimentary Rocks m 16

17 La Joya Project Plata Latina Property Epithermal Districts With Over 1,000M oz Ag Produced Epithermal Districts With Over 100M oz Ag Produced Mexican Silver Belt Epithermal Ag-Au Vein Districts Bacis La Joya Property (State of Hidalgo) Early stage, consists of 924 hectares Operating Kaolin Pits with anomalous Ag-Au Sampling to 1, ppb Ag-Au Same conceptual target as Naranjillo San Dimas Sombrerete Fresnillo Zacatecas Real de Angeles Guanajuato Pachuca El Oro Mexico City 17

18 La Joya Project La Joya Mexico City State of Hidalgo Early stage, consists of 924 hectares Operating Kaolin Pits with anomalous Ag-Au Sampling to 1, ppb Ag-Au Same conceptual target as Naranjillo 18

19 La Joya Project General Plan View N Northern Kaolin Pits Perimeter PLA License Kaolin Alteration on E-W Structure in Kaolin Pit Strong Clay-Pyrite Alteration at La Joya Kaolin Pit La Joya Kaolin Pit Sampling up to 1.2 ppm Ag, 0.07 ppm Au Exploration Target Ag-Au Veins Beneath Pit 0 5km Silicified Structure Above Kaolin Pit 19

20 Palo Alto Project Plata Latina Property Epithermal Districts With Over 1,000M oz Ag Produced Epithermal Districts With Over 100M oz Ag Produced Mexican Silver Belt Epithermal Ag-Au Vein Districts Palo Alto Property (State of Aguas Calientes) Post-mineral rocks cover hills and fill valleys Outcropping Ag-Au Mineralization Mineralized rocks exposed in arroyos and low-lying areas Consists of 4,722 hectares Drill Permitting In Progress Bacis San Dimas Sombrerete Fresnillo Zacatecas Real de Angeles Guanajuato Pachuca El Oro Mexico City 20

21 Palo Alto Project Outcropping Ag-Au Mineralization Strong Clay-Pyrite Alteration In Valley Bottoms Palo Alto Mexico City 21

22 Palo Alto Project Geology, Land and Potential DDH s Post-Mineral Rhyolite PLA License Perimeter (4,722 Ha.) N Pre-Mineral Rocks (Mostly Propylitic) Alluvial Cover Post-Mineral Rhyolite Programmed DDH s Isolated Outcrops Pre-Mineral Rocks - Strong Clay-Pyrite Alteration Post-Mineral Rhyolite Air-Mag Anomalies (Government Survey) 0 1km 22 22

23 Palo Alto Project General View N Strong Clay-Pyrite Alteration Exploration Targets Structurally Controlled Ag-Au at Depth, Sed-hosted or Syngenetic Mineralization Associated with Air-Mag Anomalies Jasperoid Barite with Anomalous Ag-Au in NS Structure Up to 184 g/t Ag, 0.51 g/t Au Exploration Target Syngenetic (?) Structurally Controlled (?) Ag-Au at Depth 0 1km 23 23

24 Share Capitalization (as of May 25, 2017) Shares outstanding 67.4M Options 0.5M Fully diluted 67.9M E: T: