successfully generating robust zinc and gold projects › wp-content › uploads › 2018 ›...
Post on 09-Jun-2020
0 Views
Preview:
TRANSCRIPT
Sphinx Resources Ltd.March 2018
Successfully Generating Robust Zinc and Gold Projects
Forward-Looking
Statements
This corporate presentation may contain forward-looking
statements that are subject to known and unknown risks and
uncertainties that could cause actual results and activities to vary
materially from targeted results and planning. Such risks and
uncertainties include those described in Sphinx’s periodic reports
including the annual report or in the filings made by Sphinx from
time to time with securities regulatory authorities.
The technical information contained in this presentation has been
reviewed and approved by Normand Champigny,
(ing., B.A.Sc., M.A.Sc.), President and CEO of Sphinx, qualified
person for the purposes of National Instrument 43-101,
Standards of Disclosure for Mineral Projects.
1
2
Summary
TSX-V listed (ticker SFX) corporation focused on,
and headquartered in, Quebec
Project generator business model key to
maximizing long term shareholder value
Team of proven mine finders in Quebec/Labrador:
✓ Éléonore and Rainy River (gold)
✓ Bracemac-McLeod (zinc-copper)
✓ Voisey’s Bay (nickel)
Focus on high-grade zinc + gold
All projects within proximity of existing or previous mines
Actively identifying new projects
3
Ownership
Shares outstanding: 91 M
Fully diluted: 138 M
Management, Board
& Advisory Committee: 16 %
Quebec institutions: 18 %
Top 100 shareholders: 89 % of shares
Very few shareholders outside Canada
4
Successful
Project Generator
Social acceptability
Ground access
Precious & base metals
potential
High grade metamorphic terranes
Deal flow with strategic partners
Project generation Long-term shareholder value
5
Projects
6
Value drivers
2018
Drill & establish
resources potential
✓ Calumet-Sud (zinc)
Define targets & drill
✓ Tessouat (zinc)
✓ Chemin Troïlus (gold)
✓ Cheechoo-Éléonore Trend (gold)
Identify partner & drill
✓ GPd (palladium)
✓ Somanike (gold, nickel)
Five-year plan
✓ Advance projects with
strong partners that are
socially acceptable with
year-round access
✓ Make one or more
mine discoveries
✓ Create significant
shareholder value
7
Appendix
Supplemental information
8
Strategy & Focus
Maximize deal flow with strategic partners
Generate quality projects with:✓high-grade zinc or precious metals
✓good social acceptability
✓ low cost exploration through a focus on drilling and leveraging strategic partnerships
Maintain a diverse portfolio with projects:✓ in different high grade metamorphic terranes
of different levels of advancement
Concentrate first on Quebec with potential expansion into other Canadian provinces
9
Why Quebec?
Quebec:
6th rank on worldwide investment attractiveness index Fraser Institute - Survey of mining companies 2017
Significant tax advantages (tax credit and low after-tax cost for flow-through-share)
Sphinx’s team has considerable experience in Quebec
10
2013 to 2017
13 transactions including:
Sirios Resources (50% joint venture) 2016 discovery of the year in Quebec
✓Cheechoo-Éléonore Trend: gold
Soquem (50% joint venture)Quebec’s exploration agency, 50 years, 350 projects, 8 mines
✓ Calumet-Sud: zinc
Les Ressources Tectonic (100% Sphinx)
✓ Chemin Troïlus: gold
Gardin - Michel Gauthier (100% Sphinx)
✓Calumet-Sud & Tessouat: zinc
✓GPd: palladium
Osisko Gold Royalties, RNC Minerals, Globex (100% Sphinx)
✓ Somanike: gold, nickel
11
Team
Normand Champigny, M.A.Sc., Eng. - President , Chief Executive Officer & Director
✓ 36 years of experience in exploration and management in Canada and internationally
John W. W. Hick, BA, LL.B. - Chairman of the Board
✓ More than 30 years of experience in the mining industry in management positions and as independent director
Kerry E. Sparkes, M.Sc. - Director
✓ 25 years of experience in the mining industry, exploration geologist and executive
✓ Key person involved in the exploration, delineation and development of both the
Voisey’s Bay nickel and the Rainy River gold deposits
✓ Currently V.P. Geology for Franco-Nevada Corporation
Michel Gauthier, Ph.D. - Director
✓ 44 years of experience
✓ Professor of mineral prospecting at l’Université du Québec in Montréal
✓ Co-baptized a gold prospect, named Éléonore, in the Eeyou Istchee James Bay territory
12
François Biron, Eng. - Director
✓ More than 40 years of experience in project evaluations and operations management
✓ Considerable experience with environmental issues and social acceptability of mining projects
Ingrid Martin, CPA, CA - Chief Financial Officer & Director
✓ Over 25 years of experience in accounting and finance of public companies and since 2004 involved with several mineral exploration companies
Robin N. Adair, M.Sc. (géo., P. Geol.) - Advisory Committee
✓ 32 years of experience including 25 years with Noranda and Falconbridge
✓ Participated to the discovery of the Bracemac-McLeod zinc-copper mine, Quebec
Sylvain Laberge - Advisory Committee
✓ More than 25 years of experience in the mining industry and corporate communications
Team (continued)
13
Projects
Projects
Gold: Cheechoo-Eleonore Trend - 50% with Sirios
Gold: Chemin Troïlus - 100%
Zinc: Calumet-Sud - 50-50% with SOQUEMObwondiag, Tessouat, Tessouat-Sud - 100%
Palladium: GPd - 100%
Gold, nickel: Somanike -100%
14
Ziac (‘Zinc-Pontiac’)
District
40-km long northwest trending corridor defined by zinc-bearing rocks
Similar to Balmat-Edwards-Pierrepont zinc district, New York state
New projects within the Ziac:
✓ Tessouat-Sud (177 km2)
✓ Obwondiag (53 km2)
In addition, the Ziac includes:
✓ Calumet-Sud (12 km2), 50% Sphinx, 50% SOQUEM
✓ Tessouat (13 km2), 100% Sphinx
✓ GPd (41 km2), 100% Sphinx
15
16
Calumet-Sud
Zinc Project
50-50% joint venture with SOQUEM, 2% NSR to Gardin
Strong 1,800 m long lead-zinc anomaly adjacent to New Calumet Mines
First 13-hole drill program✓ 3 m at 4% zinc in an extensive mineralized zone (over 1 km2)
Second 11-hole drill program✓ 13.1% zinc over 1.0 m within 3.8% zinc over 5.0 m
✓ 9.0% zinc over 1.0 m within 3.1% zinc over 6.4 m
✓ 6.6% zinc over 1.4 m within 3.0% zinc over 6.8 m
✓ stratiform, shallow-dipping and near-surface horizon over a surface area 113 m by 60 m
Channel sample composites✓ 20.3 m at 2.4% Zn
✓ 6.0 m at 3.2% Zn
✓ 4.0 m at 3.3% Zn
Drill mineralized horizon to establish continuity & resource potential
17
19
Sphalerite bands
Sphalerite bands
Sphalerite bands
Sphalerite bands
18
19
9.0% zinc @1 m incl. 3.1% zinc @ 6.4 m
20
21
Tessouat
Zinc Project
Strong 400 m by 400 m lead-zinc anomaly UP TO 5,650 ppm
zinc over favourable host rock
100%-owned by Sphinx, 2% NSR to Gardin
Follow-up program: trenching and drilling - Q2-Q3 2018
22
GPd
Palladium Project
3.44 g/t PGE discovered by drilling
3.3 g/t, 2.3 g/t and 0.6 g/t Pd as well as 3.2%, 3.3% 0.2% Cu surface sample
Obwondiag layered igneous complex discovered
New and untested PGE reef with a potential extent of 11 km
2 or possibly 3 potential horizons of interest for PGE, open in all directions
100% owned, 2% NSR to Gardin
Completed 19-holes (1,931 m): 800 m mineralized ‘reef’ supported -
seeking drilling partner
23
24
Cheechoo-Éléonore Trend
Gold Project
50-50% joint venture with Sirios Resources (operator)
Minimum of $ 500,000 by each party over the next 5 years
Combination of deep gold expertise in the Eeyou Istchee James Bay territory
Underexplored gold trend continuing from:
✓ Sirios’ Cheechoo gold discovery
✓ Éléonore gold mine (operated by Goldcorp)
Completed & planned programs:
✓ Till sampling surveys identified 4 gold anomalies along trend
✓ Prospected on 2 best targets (completed, results pending), follow-up - Q2-Q3 2018
Opinaca geological sub-province
Source: NRCAN geoscan
All of this suggests that there is a gold-bearing granitic province on the outskirts of Opinaca.
Michel Gauthier, Presentation Quebec Mines conference November 2017
Cheechoo
ÉléonoreSakami
25
26
27
Chemin Troïlus
Gold Project
Q3 2016, recovered pristine gold grains in tills suggesting proximal source in
bedrock of mineralized boulders
Within corridor containing former Troïlus gold mine
(produced 2 million ounces of gold, 70,000 tonnes of copper), discovered by
boulder tracing and drilling
Located 110 km north-northwest of Chibougamau,
Eeyou Istchee James Bay territory, good road access
Acquired from Les Ressources Tectonic, 33 km2 (100% owned)
Completed initial drill program, 2.5 g/t Au over 0.9 m,
two significant trends, follow-up till & rock sampling,
seek partner & drill – Q2-Q3 2018
28
Gold-bearing boulder, sample 963314 : 1.57 g/t
2129
30
Somanike
Gold, Nickel Project
Drilling: 1.41% Ni, 0.05% Cu, 0.30 g/t Pd, 0.04 g/t Pt @ 0.5 m,includes former Marbridge mine: 0.7 Mt @ 2.3% Ni, 0.1% Cu
Unrecognized potential for iron-formation gold and zinc-copper-silver-gold
Drill targets ✓ Open depth and strike extension of Marbridge’s Mine 2 - 0.15 Mt > 3% Ni
✓ Other areas: 8 new targets identified (conductors) over 4 km of cumulative length
Acquisition from Virginia/Royal Nickel/Globex, 47 km2 (100% owned)
Cooperation agreement with Abitibiwinni first nation/Pikogan
Planned program (new targets generated): ✓ Identify partner – Q2-Q3 2018
✓ Drill on selected high-grade nickel-platinum group elements targets and
gold or zinc-copper-silver-gold targets in and around Marbridge mine and elsewhere
31
Somanike
Former Marbridge Mine
No environmental legacy
Strong community support and understanding of mining
No agriculture over project area
First production Marbridge Mine, 1962
Past Producer
Marbridge
Mine 2
Mine 1
Somanike
Former Marbridge Mine
Grade mapLooking southeast
2 - 10% Ni
1 - 2% Ni
Mine 2Mine 1Mine 4Mine 3
Composite Grades
200m
400m Open
OpenUnexplored
High-grade nickel sulphide mineralization with ultramafic rocks
Extensive untested ultramafic rocks identified
Limited lateral drilling
32
Sphinx Resources Ltd.1000 De La Gauchetière, Suite 2100
Montreal, QC H3B 4W5T: 1 514 979-4746
top related