Aztec Minerals Corp. Cervantes Gold Project: Poten8al for a Large Gold-Copper Porphyry Discovery in Sonora, Mexico November 2017
Cautionary Statement Regarding Forward-Looing Information This presentation contains certain forward-looking statements, including statements regarding exploration results, planned exploration activities, planned financing activities and future plans and objectives of Aztec Minerals Corp. ( Aztec or the Company ). These statements are forward-looking statements that involve various risks and uncertainties. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as expects or does not expect, is expected, anticipates or does not anticipate, plans, estimates or intends or stating that certain actions, events or results may, could, would, might or will be taken, occur or be achieved) are not statements of historical fact and may be forwardlooking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements. Important factors that could differ materially from the Company s expectations include, among others, risks related to unsuccessful further exploration results, metals prices, fluctuations in currency prices, international operations, conclusions of economic evaluations and changes in project parameters as plans continue to be refined as well as changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf, except as required by applicable law. Accordingly, readers should not place undue reliance on forward-looking statements. Technical Information This presentation includes disclosure of scientific and technical information with respect to the Cervantes Project. Aztec s disclosure of technical information is governed by National Instrument 43-101 Standards of Disclosure for Mineral Projects ( NI 43-101 ). Certain information in this presentation is derived from a technical report titled Geology and Exploration of the Cervantes Project, Municipality of Soyopa, Sonora State, Mexico, dated January 11, 2017. A copy of the report is available on the SEDAR website under Aztec s profile at www.sedar.com. The scientific and technical information contained in this presentation has been reviewed and approved by Joseph (Joey) Wilkins, P.Geo, a Qualified Person as defined by NI 43-101 and the President and Chief Executive Officer of Aztec.
Corporate Profile Aztec Minerals Corp. (AZT: TSXV) (AZZTF: OTCQB) A mineral explora8on company focused on acquiring and exploring quality proper8es in the Americas with poten8al for the discovery of elephant porphyry gold-copper deposits IPO in May 2017 Aztec IPO raised CAD$4 million by issuing 11.5 million units at CAD$0.35, each unit consis8ng of one share and one half share purchase warrant, each full warrant to buy one addi8onal share at $0.50 within 2 years, strategic investor Coeur Mining purchased 9.9% fully diluted holding in Company Share Structure Shares Issued: 27.9 million Fully Diluted: 38.9 million Insider Holdings: 7.0 million FD 17.9% Strategic Investor: 3.8 million FD 9.9% (Coeur Mining Inc.) Current Cash: CAD$3,500,000 Current Debt: $0 Current Market Cap : $7 millon ( November 23, 2017) Corporate Strategy : 1. Advance the Cervantes Property : Op8on to acquire up to 100% interest in an underexplored porphyry gold-copper-molybdenum property in eastern Sonora 2. Pursue Addi8onal Targets: To acquire addi8onal highly prospec8ve proper8es at low cost that have strong evidence of large porphyry gold-copper systems from past work but no significant resources due to insufficient drilling
Management Experienced management team and board of directors with successful track record of financing, acquiring, exploring, discovering and developing mineral deposits. Ø Bradford Cooke, M.Sc., P. Geo. Chairman Founder of Endeavour Silver Corp. and Canarc Resource Corp., with 40 years experience in the mining industry, specializing in the financing, acquisi8on, explora8on and development of mineral deposits Ø Joey Wilkins, B.Sc., P. Geo. President & CEO 30 years experience in porphyry copper-gold-moly explora8on throughout the Americas, 24 years with Rio Tinto Explora8on (Kennecok) and 3 years as Chief Geologist with McLeod- Williams Capital Corp Ø Philip Yee, MBA, C.G.A. CFO Cer8fied General Accountant with over 25 years experience in accoun8ng, management, regulatory affairs, and taxa8on for public companies with explora8on/mining projects in the Americas and Asia Ø Neil MacRae, B.A. VP, Investor Rela8ons Over 20+ years in capital markets and investor rela8ons in the mining industry with companies such as First Majes8c Silver, Farallon Mining (purchased by Nyrstar), NovaGold Resources and Santacruz Silver Mining
Directors Ø Patricio Varas, B.Sc., P. Geo. Director Founder and CEO of Western Potash Corp, with more than 20 years experience in mineral explora8on Ø Mark Rebaglia8, B.Sc., P. Eng. Director Renowned geologist directly involved in several major porphyry discoveries for Hunter-Dickinson Group Ø Jim Schilling Director 30 years of experience in Canadian and U.S. Financial markets, founder of West Coast Consul8ng in Portland Ø Stewart Lockwood, LLB, MBA Director and Corporate Secretary Partner with McCullough O Connor Irwin LLP, with 27 years experience in corporate and securi8es law and regula8on for natural resource companies
Cervantes Project
Cervantes Project Loca3on, Sonora, MX Located in Eastern Sonora State, 160 km east of Hermosillo, and 60 km west of Alamos Gold s Mulatos Gold Mine (2.0 M ounces remaining) Road accessible porphyry Au-Cu-Mo target with excellent potential for discover of open pit gold deposit Mission Discovery
Cervantes Project Overview Ø Started in November: Phase 1 drill program (3,000 metres, 14 to 17 holes) to primarily target the surficial oxide gold zone with minor copper which overlies the main IP chargeability anomaly, interpreted to be a large porphyry copper-gold sulfide deposit Ø Penoles drilled the property in 1996 1997, (historic results in appendix) The majority of the main gold soil anomaly does not appear to have been tested by Penoles Ø Completed : Ini8al channel sampling results at Jasper prospect released in September over a 20m stretch contains 0.89% Cu and 0.59 gpt Au and addi8onally 25m to the north, a shorter trench returned 10.85m @ 0.76% Cu and 0.30 gpt Au Ø Completed : Further channel sampling results in October over a 92 m stretch contained 0.52% Cu and 0.62 gpt Au along a north-south trend, s8ll open in all direc8ons with further results to be released soon
Cervantes Overview (con3nued) Op8on terms: With Kootenay Silver are $150,000 cash payments, $1.5M expenditures ($950,000 remaining) and 750,000 shares for 65% interest over 4 years, year 2 completed, with op8on to purchase remaining 35% Completed: Ø Geological mapping expanded porphyry altera8on zones, soils defined a large, high grade (average 0.44 gpt gold, up to 4.4 gpt gold) soil anomaly 900m long x 600m wide on California target Ø 12.8km line pole-dipole IP survey detected large, robust, open-ended chargeability anomalies in all direc8ons, both shallow and deep, large new Au-Cu soil anomaly, coincident porphyry altera8on zones, strong & open ended IP anomalies Ø Field work ongoing including addi8onal geological mapping and geochemical rock and soil sampling of the main California gold prospect and hand trenching along the northsouth Jasper copper-gold prospect area immediately west of California zone Ø An NI43-101 compliant report was completed which included informa8on from recent IP geophysical survey
Cervantes Targets, Geology, Au Rock Geochemistry, Au Soil Anomaly Mission Discovery
Cervantes Soil Geochemistry Ø Aztec crews gathered 314 soil samples over grid spacings of 50x50m, 100x100m and 200x200m in late 2015 and early 2016 Ø Detected 18 neighboring soil samples over 0.9ppm (900ppb) gold, 4 samples over 1.66ppm gold, high of 4.38ppm, low of <0.005ppm over California Ø Copper analysis show 27 soil samples over 600ppm and 6 over 1,000 ppm with a high of 2,157ppm Cu and a low of 6 ppm over California Ø Mo analysis validates a robust system with 24 samples over 80ppm and 4 soil samples over 128ppm and a high of 259ppm Mo and a low of 0.2ppm Ø New mapping has iden8fied addi8onal copper oxide hosted intrusive and sediments south of Jasper and west of California, Cu-Au anomalous gossanous zones within sediments found to the north and south of California
California Au in Soils Mission Discovery
California Cu in Soils Mission Discovery
California Mo in Soils
Cervantes IP Survey Ø Aztec and Zonge Engineering designed a pole-dipole survey over the California and Jasper targets, the survey was completed in early October, 2016 Ø Based upon preliminary examina8on, no Penoles drill holes penetrated any of the large scale chargeability anomalies, thus remain untested Ø The lines were oriented east-northeast and north-northwest to best cover intrusive contacts, mineralized trends, and observed structures Ø All 7 lines detected large, robust chargeability anomalies coincident with both conductors and resistors, typically observed in large porphyries Ø Chargeability anomalies are found near surface with readings in the 20-60 mrad range as well as deeper 60-80mrad up to 400m in diameter associated both conduc8ve and resis8ve bodies
Cervantes IP Lines, Geology, Targets Line 7 Line 3
Line 7 IP Inversion: Resis3vity & Chargeability Approx Loca8on Penoles Drill Holes
Line 3 IP Inversion: Resis3vity & Chargeability Approx Loca8on Penoles Drill Holes
Chargeability & Resis3vity Depth Slices: 100m, 300m, 500m 100m Chargeability 300m Chargeability 500m Chargeability 100m Resistivity 300m Resistivity 500m Resistivity
Cervantes Project Photos View towards the east of the California target Aztec Minerals directors Mark Rebaglia4 and Brad Cooke with CEO Joey Wilkins atop the California gold zone at Cervantes
Cervantes Project Photos Leached and oxidized feldspar porphyry, hema4te-quartz veining, argillic altera4on Outcropping copper mineraliza4on at the Jasper copper zone at Cervantes
Aztec Short-Term Plan Ø Phase 1 drilling at Cervantes started in November Ø Release drill results of the Phase 1 drilling program Ø Evaluate addi8onal proper8es for acquisi8on Ø Further trenching program to refine future drill targets Ø Secure surrounding claims from government
Contact Informa8on Contact: Joey Wilkins, President & CEO Tucson, AZ, USA Cell: (801) 550-9893 Email: joey@aztecminerals.com Neil MacRae, VP IR Vancouver, B.C. Tel: (604) 685-9770 Cell : (778)999-4653 Email: neil@aztecminerals.com www.aztecmetals.com
Appendix
Historic Cervantes Drilling Highlights Drill Hole From_m To_m Meters Au gr/t CAL-3 0 99.4 99.4 0.403 including 69.85 99.61 29.55 0.742 CAL-5 0 38.75 38.75 0.165 including 42.75 130.85 88.1 0.426 including 92.55 109.4 16.85 1.164 CAL-9 0 141.1 141.1 0.41 including 23.1 64 40.9 0.96 including 24.55 48.85 24.3 1.2