TSX-V: REO SEE A Serbian Exploration Company Opportunities and Discoveries in Serbia May 2009 TSX-V: REO
Forward Looking Statements This presentation contains forward-looking statements and factual information that are current as of the date the presentation was originally delivered. SEE d.o.o. and its parent Reservoir Capital Corp., disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to data. Forward looking statements involve 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 statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of properties; future prices of mineral resources; accidents, labor disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals of financing.
Summary Reservoir Capital is moving its focus to renewable energy and thus seeks investors to participate in its wholly-owned exploration subsidiary SEE, either at the corporate or project level and would consider selling interests up to 100%. SEE has invested $5m in exploration in Serbia since its creation in 2003. The Company was issued with the first exploration license in Serbia under the new regime and enjoys good local contacts at all levels. SEE has 9 exploration licenses that are prospective for precious and/or base metals, including a gold discovery, a silver-rich polymetallic deposit and several drill-ready precious metals targets. SEE has an experienced local exploration team with six senior geologists and two senior technicians, supervised by British QP.
Management Miles Thompson (Reservoir Capital) 25 years in exploration and mining globally. Most recently Manager Business Development for Gold Fields. Geology graduate of the University of Bristol (UK). Aleksandar Obrenovic (Exploration Manager) previously 12yrs international and Yugoslav exploration with the Geoinstitut. Graduate of the University of Belgrade with a degree in Engineering and Economic Geology. Duncan Large (Senior Consulting Geologist and QP) 30 years in exploration and mining globally. Geology graduate University of Oxford (B.Sc.), Royal School of Mines, London (M.Sc.) and the Technical University of Braunschweig (Ph.D.). Serbian geological team: Branislav Blagojevic, Vojislav Mrdja, Miodrag Banjesevic, Zeljko Sofronijevic, Dusan Bjelotomic. Geotechnicians: Emil Kajevic and Ivan Nenadovic.
Exploration Infrastructure SEE is fully equipped and ready to operate exploration programs of all levels in Serbia and other countries in the region. The Company has a well-equipped base in Belgrade, with IT and GIS facilities, vehicles, plus a small field office and core-storage facility in Bor. SEE operates its own sample preparation laboratory, established under the supervision of ALS Chemex. Stream sediment and soil samples (drying, sieving, splitting) and rock samples (sawing, crushing to 80% <2 mm, splitting) are prepared at this facility before shipping to certified international laboratories for analysis. The company has established QA/QC procedures for all phases of the sampling, preparation and analytical process.
Serbia Geological Setting and Endowment The Cretaceous-age Carpathian Arc and the Tertiary Vardar Zone are host to many important Au, Au-Cu and base metal deposits in Southeast Europe. Both run through Serbia, which has prospective geology and a well-established mining industry. Mining in the 20 th Century was dominated by the Bor Copper and the Trepca Lead-Zinc Combines, which haven t invested in exploration or explored for precious metals.
SEE Exploration Portfolio Nine exploration permits; with a precious metals focus. Brestovac epithermal gold discovery (porphyry potential). Parlozi non-43-101 silver-leadzinc resource. Deli Jovan abandoned bonanza gold vein mines. Lece, Plavkovo, Stara Planina drill-ready gold targets. Bobija, Rakita and Jasikovo precious/base metal prospects TSX-V: REO
Brestovac Epithermal Gold and Porphyry Copper World class Bor-Majdanpek Copper-Gold District has an estimated endowment (past production plus current resources) of 23Mt Cu and 29Moz Au. Veliki Krivelj Mine Bor Mine 5km Brestovac lies <5km south of the main Bor pit, on the same host structure. Brestovac TSX-V: REO
Brestovac Copper and Gold Targets IN RED THE SURFACE PROJECTION OF THE LARGER BOR DEPOSITS FOLLOWING THE MAIN BOR FAULT AND RELATED STRUCTURES EXPOSED COPPER MINERALIZATION GOLD CORRIDOR PORPHYRY POTENTIAL OUTLINED ALONG THE SOUTHERN EXTENSIONS OF THE BOR FAULT WITHIN SEE S LICENSE TSX-V: REO
Brestovac high-grade gold intercepts in the Corridor GOLD CORRIDOR BN-19-24.8m @ 0.33% Cu
Brestovac Corridor TSX-V: REO Sub-vertical zones of brecciated and intense QSP altered andesites host the high-grade gold mineralization possibly related to porphyry system at depth.
PARLOZI SILVER-LEAD-ZINC-GOLD Large area of historic mining and smelting with good infrastructure, close to Belgrade. Polymetallic silver, lead, zinc, copper and gold mineralization of carbonate replacement type, associated with Tertiary magmatism. Based on drilling from the 1980 s, the Serbian Government records a resource of 6.5Mt @ 4.1% Pb, 2.1% Zn, 0.3% Cu, 130 g/t Ag that is not 43-101 compliant, but indicative of exploration potential. Past exploration focused on lead-zinc potential as feedstock for the Trepca smelter. Silver and gold potential were poorly understood. Circular subvolcanic intrusives are indicative of a caldera structure. Based on the IP anomaly, known mineralization could extend for several kilometres.
PARLOZI SILVER-LEAD-ZINC-GOLD LJUTA STRANA UNTESTED TSX-V: REO PARLOZI DEPOSIT OPEN ALONG STRIKE BASED ON GEOPHYSICAL IP SIGNATURE
PARLOZI SILVER-LEAD-ZINC-GOLD TSX-V: REO SEE drilled a 600m hole PA-1 into the historic resource in late 2008, confirming historical values and silvergold potential.
Deli Jovan 8km shear belt in basement gabbros, host to bonanzagrade gold veins. Three abandoned underground mines worked in the 19 th to early 20 th Century. Extensive probably older surface pits. Historical reports indicate veins up to 750m long, 0.5-2.5m thick, grading 5-150g/t gold. 16 out of 34 rock samples from mine dumps reported >2 g/t of which 7 had >10 g/t gold. TSX-V: REO
Deli Jovan Gold Mines Gindusa Adit Rusman Adit SEE has secured access, cleaned, mapped and sampled >4km of underground workings of the old Gindusa and Rusman Mines. Gold veins fill structurally controlled dilation zones on E-W systems. Best Gindusa samples 209g/t over 0.6m, 48.9g/t, 33.4g/t, 30.5 g/t Au over 0.5m, 48.5g/t gold over 1m. Best Rusman grab samples 98.8g/t, 84.6g/t and 30.6 g/t Au from a rock fall. TSX-V: REO
Deli Jovan Gindusa Veins Stope Area Vein System Number of Samples Vein strike length Sample lengths (meters) Average Au g/t Number of sample sites No. samples Au > 10 g/t Sample lengths Max. value from stope area (g/t Au) H-10/560 14 0.7 1.5 m 8.73 2 1.0 m @ 48.5 g/t H-5/6 11 0.3 1.0 m 10.95* 3 0.6 m @ 209 g/t H-4 8 0.3 0.5 m 6.67 3 0.4 m @ 27 g/t Average Au (g/t) H-6 38 m 8 0.3 1.0 m 9.71 H-4 30 m 5 0.4 0.5 m 10.57 including 10m 3 0.4 0.5 m 17.15 H-10 17 m 5 0.5 1.0 m 18.82 Summary of analytical results from Gindusa The average gold content in individual veins systems that can be mapped and sampled along a strike length >10m Sample 79100 was cut from 209 g/t to 50 g/t for the calculation of the average grade in this stope area. Old miners won t have left the best material, but sampling still confirms historical reports.
Plavkovo Project Plavkovo Prospect Intermediate sulphidation epithermal target with argillic alteration, quartz-base metal sulphide veins (trenches completed) Adjacent to Freeport and EuroMax s Rudnica porphyry copper project
Plavkovo Project Bukovic Prospect 800m gold-bearing silica cap with quartzalunite alteration and gold-in-soil anomaly indicative of high sulphidation epithermal style gold mineralization. TSX-V: REO
Bobija SEDEX Project The Exploration license surrounds a barite mine with reported resources of 1.2Mt @ 53% BaSO4 and 0.53Mt @ 3.33% Pb, 4.18% Zn, 25.6% BaSO4. Sulphides SEDEX-type: finegrained, stratiform, barite and sulphide (py, sph, gn) mineralization 4 10 meters thick. Underground sampling yielded persistent grades ~10% Zn+Pb Overprinting of Tertiary quartz veining with gold.
Bobija SEDEX Channel sampling of sulphides in pit yielded: 6m @ 5.05% Pb, 5.68% Zn, 0.85% Cu, 161g/t Ag, 1.56g/t Au Gossan on massive barite in N of pit 3.5g/tAu, 150g/tAg TSX-V: REO Sample from ore dump: 4.97% Pb, 3.94% Zn, 110 g/t Ag, 1.46 g/t Au
Lece Epithermal Gold-Silver Potential Adjacent Lece Mine closed in 2001, residual reserves of >360,000oz Au. Vrelski Potok hole VP-01 intercepted 9.2m at 2.11g/t Au and 19g/t Ag, including 3.9m at 4.06g/t Au and 30g/t Ag Spurina Glava silica cap with 26m at 1.35g/t Au including 6m at 2.45g/t Au in trenching and from drilling 14.5m at 1.12g/t Au, including 6.8m at 2.11g/t Au from hole SG-1 SEE License Lece Mine License
Stara Planina - Intrusion-Related Gold Copper Molybdenum Granodiorites intruding basement gabbro. Two main target areas: Gradiste and Aldinac have extensive (>3km) Cu, Au, Mo in soil anomalies. Intrusion-Related Cu-Au model (Baker, 2004) Geochemistry and geological setting suggest apophyses of granodiorite. Bulk-tonnage Cu-Au-Mo target; High grade Au quartz-carbonate veins.
Stara Planina Gradiste Targets IP ANOMALY MILJANINA CUKA GOLD ANOMALY ALJIN DO MINE 3km copper soil anomaly. Mineralization related to granodiorite dykes (underlying intrusion?). Strong deep IP anomaly (historical data) within the best copper anomaly. Gold in soils less continuous. Best grab samples 50.4 and 28.2g/tAu. Miljanina Cuka 2m @ 3.85g/tAu, 2.65% Cu, 1.3m @ 35.7g/tAu from recon trenching. Abandoned Aljin Do bismuth adits reported grades 1-4% Bi, 4-6% Cu, 24-62ppmAu
Stara Planina Aldinac Targets COPPER 2.5x0.7km Cu-Au-W-U soil anomaly related granodiorite intrusives with quartz vein stockworking. Persistent Cu (100 2070 ppm) and Mo (15 240 ppm). Discontinuous Au (100 1330 ppb). Silica and carbonate alteration, quartz veining and sulphides. Grab samples returned 1 12.25 g/t Au Recon trenching yielded up to 2m @ 3.85 g/t Au and 2.65% Cu. TSX-V: REO GOLD