Spring 2017 Corporate Presentation
Forward Looking Statement This presentation contains forward-looking statements relating but not limited to the Company s expectations, plans, intentions and beliefs, under the provisions of Canadian provincial securities laws. Forward-looking information can often be identified by forwardlooking words such as anticipate, believe, await, expect, hope, goal, planned, intent, estimate, may, forecast and will or similar words suggesting future outcomes or other expectations, beliefs, plans, objectives, assumptions, intentions, comments or statements about future events or performance. Forward-looking information may include statements regarding the estimation of mineral resources, historical and current exploration results, potential mineralization, potential mineral resources and mineral reserves, historical non-compliant pre-43-101 drilling results, and is based on current expectations that involve a number of business risks and uncertainties, many of which are beyond Orefinders Resources Inc. s ability to control or predict. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to establish estimated resources and reserves, the grade and recovery of mined ore varying from estimates, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in the price of gold and other commodity prices, poor market conditions, delays in the development of projects and other factors. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results that could impede planned business objectives for the Company. Potential shareholders and prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other unpredictable factors that could cause actual results to differ materially from those suggested by the forwardlooking statements, and undue reliance should not be placed on such statements and information. Shareholders are cautioned not to place undue reliance on forward-looking information since forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific. These same assumptions, risks and uncertainties contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Orefinders Resources Inc. undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. All currency numbers are reported in Canadian dollars unless otherwise indicated. 2
Directors & Management Stephen Stewart, M.Sc., MBA CEO and Director Stephen has over 15 years of experience in the resource and finance industries where he has evaluated and raised capital for natural resource projects. His focus has been on the acquisition, exploration and development of resource assets and has served as a senior officer with TSX Venture companies. Alex Stewart, J.D. Executive Chairman Alex has over 40 years of experience in the practice of securities law and natural resource investment. In the past he was the founder behind a number of mining projects including the Cote Lake Project and the Eagle One deposit. He holds a Bachelor of Arts from the Western University, a Juris Doctor from the University of Toronto Law School and a Diploma, LCE, from the University of Madrid. William (Bill) Stone, Ph.D., P.Geo - Director Bill is a professional geologist with more than 30 years of experience in mineral exploration and project development of precious and base metal deposits in North America, Australia, Europe and Africa. Claude Bouchard, P. Eng. - Director Claude is a mining engineer with over 30 years of experience and has held senior management positions at the Levack & Footwall deposits for FNX Mining Company Inc. Jeffery Becker, LLB Director Jeff Becker. comes from a family involved in the mining exploration business for more than 60 years. Jeff practiced law in British Columbia for many years and got involved full time in the Becker Group of exploration companies, which are headquartered in Toronto, 15 years ago. Presently Jeff is President and CEO of Jubilee Gold Exploration Ltd. which is listed on the Venture Exchange. 3
Mirado Gold Project Mirado in Kirkland Lake contains three former producing mines, including the South Zone which Orefinders is completing a PEA to put the Open Pit back into production in the near term In 2017 sold 1,414 oz. of Gold from its bulk sample from the Stockpiles from the Mirado Mine. North Zone s Underground Mine has High Grade Au & Base Metal VMS Mineralization 2,417 hectares including 12 patent claims 100% owned by Orefinders Mirado Mine
Abitibi Major Faults & Deposits 5
Regional Controlling Structure Round Lake Dome Batholith Mirado Mine Orefinders Young-Davidson Mine Alamos Juby - Tahoe Minto/Tyrenite Mine - Premet 6
Mirado Map Two Different Styles of Mineralization occur on the Mirado Project which are divided by the Mirado Fault South Zone s Near Surface High Grade Pyritic stringer/stockwork includes the Open Pit and its Western Extension of the MZ Zone. Mined in the 1980 s. North Zone s Gold Rich VMS Mineralization Mined underground in the 1930 s. 7
Plan View of North, South & MZ Zones 8
North Vs. South Mineralization Style 9
IP Conceptual Pit & North Zone Shaft The Mirado Deposit remains open along strike and at depth no drilling below 300 metres 10
South Zone: High Grade Open Pit Mirado s South Zone includes the Open Pit which was in production in the 1980 s and operated by Golden Shield Orefinders priority is to restart the Open Pit utilizing a toll mill in the early years to avoid building a costly & time consuming processing and tailings facility Plenty of excess milling capacity in the region of Kirkland Lake All infrastructure is in place to restart a mining operation Mining operations could begin in the near term 11
North Zone: Au Rich VMS Mineralization +9 km of favourable stratigraphy with Multiple Au-rich polymetallic cross-stratigraphic structures Au-Ag-Zn-Cu horizons identified in drill core are continuous over 400m and extend 300m in depth Grade from core up to 6.9 g/t Au over 4.30m and 1.5% Zn/5.50m Numerous Zinc & Copper anomalies identified in lithogeochemistry 12
Stockpile Bulk Sample Crushed, Shipped and Milled ~24,000 tonnes of resource Recovered and sold 1,414oz of good delivery gold Average grade of bulk sample was 2 g/t Au Resource was milled at IAMGOLD s Westwood facility Upgraded road and bridge with all season access for 40 tonne trucks 13
2017 Development & Exploration Plan Two Drill Programs, An updated Mineral Resource Calculation and a PEA South Zone PEA & Updated Resource Calculation in progress, expected completion in Summer 2017 MZ Zone drill campaign to connect with South Zone Open Pit Resample historic AMAX drill core to include in PEA Amend Permits for Ongoing production from Open Pit North Zone Re-assay 2013 drill holes for base metals (only gold was completed) Drill Program to follow up on high grade intersections from 2013 and AMAX historical holes Geological Mapping, North Zone only 5% explored 14
Metallurgy 2017 Metallurgical recoveries from Stockpile Bulk Sample +95% 2014 Metallurgy Report Completed by SGS Minerals Services averaged 92.9% gold recovery with direct cyanidation Gold recovery from a combined gravity concentration and flotation was 94.4% No Deleterious Elements 1986 s Lakefield Research Ltd. historical test work which reported 93% recoveries with direct cyanidation 15
Environmental Baseline Studies Complete Closure Plan filed with Ontario s MNDM in 2016 $90K Bond on Deposit with Province for site reclamation Closure Plan will be updated to to include Open Pit Mine Plan Stream Gauging Benthic Sampling 16 Well Monitoring Weather Station
First Nations & Community Engagement First Nations and Métis communication is important to Orefinders with regard future exploration and development of the Mirado Project Orefinders will continue with its duty to consult with First Nations as needed to enable future exploration and development Completed All Community Engagement and Consultation Meetings to fulfill 2016 Closure Plan Requirements 17
Capital Structure Cash & Equivalents as at April 3, 2017 $1.8 Million CAD No Debt Shares Outstanding 58,713,285 Fully Diluted Shares Outstanding 69,043,928 18
Contact Us Stephen Stewart Chief Executive Officer Orefinders Resources Inc. sstewart@orefinders.ca 416.644.1567 Head Office 2500 120 Adelaide Street West Toronto, Canada M5H 1T1 19
APPENDIX
South Zone Open Pit Drill Highlights (2013) HOLE # INTERVAL GRADE GRADE FROM TO # (m) (g/t Au) cut (g/t Au) uncut (m) (m) MD13-02 26.7 2.42 4.38 33.1 59.8 MD13-05 8.75 5.51 7.5 150 158.75 MD13-12 30.2 4.03 62.8 93 incl. 8.2 10.58 62.8 71 MD13-19 14.5 8.1 77 91.5 MD13-28 31.5 3.05 10.9 18.5 50 MD13-30 19.2 4.77 10.2 90.3 109.5 21
North Zone VMS Drill Highlights (2013) HOLE INTERVAL GRADE FROM TO # (m) (g/t Au) (m) (m) MD13-08 17.5 2.41 73.9 91.4 incl. 3.1 6.68 79.3 82.4 MD13-10 3.7 6.68 12.5 16.2 MD13-10 5.5 4.05 114.8 120.3 MD13-10 19.5 3.65 265.2 284.7 incl. 4.5 6.5 265.2 269.7 and incl. 6 6.32 278.7 284.7 MD13-25 6 6.27 48 54 MD13-26 5.7 4.31 291.5 297.2 22
Historical Drilling Intersections AMAX Intervals Hole-ID From To Interval Au (g/t) Section 1050-25 55.5 82.5 27 1.82 B-B' Including 69 80.3 11.3 3.49 B-B' 1050-28 43.3 96 52.7 3.04 A-A' Including 75.55 95.05 19.5 6.81 A-A' 1050-29 28.5 51 22.5 1.63 B-B' 1050-30 14.2 63 48.8 1.04 B-B' 1050-32 15 148.5 133.5 1.24 B-B' Including 103.45 136.5 33.05 2.68 B-B' 1050-33 18 153 135 1.48 B-B' Including 31.5 46.5 15 2.45 B-B' Including 63 94.5 31.5 3.49 B-B' 1050-35 18 73.5 55.5 1.41 A-A' Including 34.5 55.5 21 2.04 A-A' 1050-35 118.5 130 11.5 2.55 A-A' 1050-37 78.8 119.4 40.6 1.04 A-A' Including 94.5 112.5 18 1.66 A-A' 1050-43 222.45 252 29.55 1.64 A-A' 1050-43 262.5 270 7.5 3.48 A-A' 1050-44 73.5 132 58.5 1.17 B-B' Including 102 129 27 2.46 B-B' 1050-46 58.1 81 22.9 2.61 A-A' 1050-46 100.5 114 13.5 3.18 A-A' 1050-49 150 168 18 1.88 B-B' 1050-50 66 78 12 7.06 B-B' Including 75 78 3 27.55 B-B' 1050-50 99 132.85 33.85 1 B-B' 23 Golden Shield Resources Intervals Hole-ID From To Interval Au (g/t) Section 85-01 31.54 68.93 37.39 2.25 B-B' 85-05 41.18 136.64 95.46 1.68 B-B' Including 41.18 69.17 27.99 1.21 B-B' Including 74.66 136.64 61.98 2.03 B-B' 85-06 28.98 70.49 41.51 7.28 B-B' Including 40.44 70.49 30.05 9.94 B-B' 85-09 78.84 102.63 23.79 2.47 B-B' 86-03 23.79 44.07 20.28 1.86 B-B' 86-12 20.44 44.84 24.4 1.64 A-A' 86-14 41.02 43.01 1.99 24.05 A-A' 86-14 48.19 52.15 3.96 6.58 A-A' 86-20 55.51 78.84 23.33 3.62 B-B' 86-23 14.95 28.82 13.87 2.7 B-B' 86-32 9 37.36 28.36 2.11 B-B' 86-35 7.56 37.03 29.47 4.4 B-B' 86-36 26.38 41.3 14.92 3.39 B-B' 86-57 10.75 47.89 37.14 5.84 B-B' 86-58 24.71 50.94 26.23 1.46 B-B' 86-59 10.77 22.88 12.11 2.13 B-B' 86-60 8.24 44.84 36.6 1.64 B-B' 86-62 14.34 47.89 33.55 4.31 B-B' 86-65 18.91 27.45 8.54 3.05 B-B' 86-66 7.78 45.75 37.97 3.45 B-B' 86-67 6.71 26.08 19.37 4.31 B-B' 86-79 23.49 37.67 14.18 3.64 A-A'