caribbean gold — unigold’s neita property in the dominican republic - andrew m. cheatle, unigold...
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Caribbean Gold — Unigold’s Neita Property in the Dominican Republic - Presentation delivered by Andrew M. Cheatle, President and Chief Executive Officer, Unigold Inc. at the marcus evans Global Mining Summit 2014 held in Las Vegas, NVTRANSCRIPT
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Caribbean GoldDOMINICAN REPUBLIC
Caribbean GoldDOMINICAN REPUBLICDOMINICAN REPUBLICDOMINICAN REPUBLIC
CORPORATE PRESENTATION | MARCH 2014
Forward Looking Statements
Certain statements contained in this presentation, including statements regarding eventsand financial trends that may affect our future operating results, financial position andcash flows, may constitute forward‐looking statements within the meaning of the federalsecurities laws. These statements are based on our assumptions and estimates and arebj t t i k d t i tisubject to risk and uncertainties.
You can identify these forward‐looking statements by the use of words like “strategy”,“expects”, “plans”, “believes”, “will”, “estimates”, “intends”, “projects”, “goals”, “targets”,and other words of similar meaning. You can also identify them by the fact that they donot relate strictly to historical or current facts. We wish to caution you that sucht t t t i d j t di ti i i d th t t l t ltstatements contained are just predictions or opinions and that actual events or resultsmay differ materially.
The forward‐looking statements contained in this document are made as of the datehereof and we assume no obligation to update the forward‐looking statements, or toupdate the reasons why actual results could differ materially from those projected in thef d l ki Wh li bl l i h i f h fforward‐looking statements. Where applicable, we claim the protection of the safeharbour for forward‐looking statements provided by the (United States) PrivateSecurities Litigation Reform Act of 1995.
Core drilling is being done primarily with NQ. Samples are logged, split by wet diamondsaw, and half sent for assaying with the other half stored on site. Sample lengths
ll b b l l b d / l d dtypically average 1 m, but vary by geological boundaries. QA/QC included insertingcertified standards and blanks into the sample stream at industry standard intervals.Samples are prepped by ACME Analytical Labs in the Dominican Republic, with assayingperformed through ACME’s laboratory in Santiago, Chile. Analytical procedures include a36‐element ICP‐ES analysis (1E) and a 50 g FA AA finish for gold (G6‐50). Wes Hanson,P.Geo., COO Unigold, and a Qualified Person under National Instrument 43‐101, has
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designed and supervised the program, and reviewed and approved the contents of thispress release.
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530 000 bars The US Federal All the gold ever mined would530,000 bars – The US Federal Reserve holds (6,700 tonnes of gold)
All the gold ever mined would fit in a cube 21m by 21m by 21m
9 metres square – 1 ounce of < 175,000 tonnes of gold has
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gold can be hammered into a single sheet 9 metres square.
been mined since the beginning of civilisation.
Source: http://www.gold.org/history‐and‐facts/facts‐about‐goldTreasure Hunt
Gold Production
TSX.V: UGDUNIGOLDINC.COMMoab KhotsongSouth Africa
World gold production: ~2,700 tonnes / yr
TSX.V: UGDUNIGOLDINC.COM~85Moz / yr ‐
Gold Price
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Annual demand of 2013: 3,756.1 tonnes (US$170bn)
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TSX.V: UGDUNIGOLDINC.COM Costs Risen to near gold price. >$30bn “written off” in last two years
Geology – A Case Study to Mineral ResourcesMineral Resources
• A few words…..• Four fundamental opportunities and risks in mining• Four fundamental opportunities and risks in mining
1. Geology – “PLEASE, GET IT RIGHT”2. Mining / Engineering3. Financing4. People
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NEITA PROJECTDOMINICAN REPUBLIC
NEITA PROJECTDOMINICAN REPUBLICDOMINICAN REPUBLICDOMINICAN REPUBLIC
MARCH 2014
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Second largest Caribbean nation: 48,442 km2
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Population: ~10 million people
Democracy, with multi‐party political system
TSX.V: UGDUNIGOLDINC.COMFascinating History
9th largest economy in Latin America
C ibb ' l t t i t d ti tiCaribbean's largest tourist destination
Economy: tourism, agriculture……mining
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Economy: + mining
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Dominican Republic: Mining destination
• Mining Friendly Jurisdiction
• Well established Mining Laws
destination
Cerro de MaimonWell established Mining Laws
• Mines in Operation:• Pueblo Viejo (Barrick/Goldcorp)• Cerro de Maimon (Perilya Ltd )
Falcondo• Cerro de Maimon (Perilya Ltd.) • Falcondo (Xtrata)
• Exploration Projects:• Unigold Inc• Unigold Inc.• GoldQuest Mining Corp.• Precipitate Gold • Everton ResourcesEverton Resources
• Key industry for growing economy
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Pueblo Viejo
The Caribbean Plate
The Island of Hispaniola
Volcanic island arc;
NA plate is subducted under the Caribbean Plate;
Tireo Fm. Formed during the Lower Cretaceous (LC) through the Upper Cretaceous (UC);Cretaceous (UC);
The Tireo Fm. Represents the largest single period of volcanism in forming the
fisland of Hispaniola;
Caribbean plate is now moving due east, movement along most major faults is
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along most major faults is now predominantly strike –slip;
Caribbean Plate (Nelson, 2011)2011)
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Geology of Hispaniola
Geology of Hispaniola
Series of NW trending lithoSeries of NW trending litho-structural terranes;
Western portion of the DR and Haiti are largely unexplored by modern exploration methods;
Evolving mineral district –over 5 0 M ounces Auover 5.0 M ounces Au outlined since 2010.
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Image modified from Mann et al,1991, An overview of the geologic and tectonic development of Hispaniola, Geological Society of America, Special Paper 262
Prospective Deposits
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Mineral Concessions in DR
LEGEND
NeitaNeita
Newmont “LaMiel”
Tireo Mineralization Trend
GQC
PVJV
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History
Year Company, work completed1960’s Mitsubishi – regional exploration evaluating porphyry Cug p g p p y y1980’s Rosario Dominicana – Gold focused regional exploration1987 BRGM – Candelones – Pre- Feasibility2002 Unigold2002 Unigold
Unigold Project work completed:
• 33,000 soil samples;
• 10,000 rock samples;
• 30,000 m of trenching and
• 100,000 m of diamond drilling
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100,000 m of diamond drilling
MAG Neita Concession (RPT)
San Jose – Restauracion Thrust
Interpreted Faults
LEGEND
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Interpreted Anticlinal Axis
Interpreted Synclinal Axis
Regional Geology - Neita
CandelonesUpper Tireo Fm
LEGEND
20km
Upper Tireo FmLower Tireo FmIntermediate IntrusivesTrois Rivieres Fm.Limestone
San Jose – Restauracion Thrust
Interpreted Faults
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Interpreted Anticlinal Axis
Interpreted Synclinal Axis
GOLD: Multiple Targets to Test
Over 25,000 soil samples have been analyzed for gold, silver, pathfinders 25+pathfinders, 25+ high priority exploration targets
CANDELONES
20km
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Neita Property: 25+ Gold Targets
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Candelones Zone
J’J
J
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Section: Candelones Extension
CANDELONES
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EXTENSION ZONE
SCALE 1:5000
Gold Grade with Depths
Candelones
20km
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Candelones: 3 km of Mineralization DrilledDrilled
Candelones Extension
Connector
Candelones
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Candelones Main
UNIGOLD – A Leading Explorer in the DRthe DR
• Canadian‐based growth‐oriented exploration company focused on its 100%‐owned 22 600 Ha Neita gold
• +25 gold, copper and zinc targets identified on property
100% owned 22,600 Ha Neita gold copper property in the Dominican Republic
• Results driven management team
• Strategic partnership with the International Finance Corporation (IFC)
• Well funded – work plan continues into 2014 on multiple Gold‐Copper‐Zinc
• 2 Moz Gold Inferred Mineral Resource Estimate rapidly advanced (see slide 16)
2014 on multiple Gold‐Copper‐Zinc targets
Connector: 78 k oz
3 km of mineralization
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Main: 308 k oz Extension: 1, 630 k oz
NI 43-101 Compliant Resource EstimateEstimateAs at November 4, 2013
Source MineralizationType Deposit Tonnes
(x1,000)Au
(g/t)Au ozs(x 1,000)
StripRatio
Open Pit Oxide Extension - - - -Main 2,448 0.92 72 1.3Connector 1,108 1.12 40 1.3
Subtotal 3,556 0.98 112 1.3Sulphide Extension 24,223 1.59 1,241 7.6
M i 5 003 1 16 186 1 3Main 5,003 1.16 186 1.3Connector 980 1.08 34 1.3
Subtotal 30,206 1.50 1,461 6.4Subtotal 33,762 1.45 1,573 5.8Underground Sulphide Extension 4 977 2 42 387Underground Sulphide Extension 4,977 2.42 387
Main 704 2.21 50Connector 50 2.49 4
Subtotal 5,731 2.39 441ALL 39,493 1.59 2,014, ,NOTES1. The mineral resource estimate presented above has been prepared under the supervision of Mr. Alan J. San Martin, MAusIMM(CP) and Mr. William J.
Lewis (P.Geo.) of Micon International Limited., both of whom are "qualified persons" as per the CIM Standards and independent of Unigold Inc. The Effective date of the mineral resource estimate is November 4, 2013.
2. The mineral resource estimate presented above is classified as an Inferred Mineral Resource. The CIM Standards define a Mineral Resource as "a concentration of material in or on the Earth's crust in such form and quantity and of such grade or quality that it has reasonable prospects for economic
i " Th CIM S d d f h d fi I f d Mi l R " h f Mi l R f hi h i d d li
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extraction." The CIM Standards further define an Inferred Mineral Resource as "that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonable assumed but not verified, geological and grade continuity." The CIM Standards state; "Due to the uncertainty that may be attached to Inferred Mineral Resources, it cannot be assumed that all or part of an Inferred Mineral Resource will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration."
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Prospective Deposits
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Colloform Banding
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Collapsed Massive Sulphides
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MetallurgyP iti I iti l R ltPositive Initial Results
Initial metallurgical test results d t tdemonstrate: • Gold, silver and base metal
recoveries of 85-90% to a clean sulphide concentratesulphide concentrate
• Including ~20% to gravity concentrate
Gold in Knelson Concentrate
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PARTICLE 24 PARTICLE 9 PARTICLE 16
COPPER: Blue Sky Potential
Over 25,000 soil samples have been analyzedbeen analyzed for copper10km long anomalyanomaly
20km
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The Copper Domain
Candelones
20kSan Jose – Restauracion Thrust
Interpreted Faults
Interpreted Anticlinal Axis
LEGEND
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mInterpreted Anticlinal Axis
Interpreted Synclinal Axis
Copper (Au) Potential
Numerous malachite veins on property
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Exciting New Gold-Copper Trend
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Unigold CSR: Doing it right – from the first day we arrive
• Unigold is continually developing its Corporate S i l R ibili li i d i
the first day we arrive
Social Responsibility policies and practices.
• Health and Safety‐ Focused on Safe Discoveryy y
• Sustainability and Environment‐ Focused on Sustainable and Environmental ResponsibilitySustainable and Environmental Responsibility
• People and Communities‐ Focused on Discovering and Developing Local Talentand Developing Local Talent
• Business Ethics‐ Focused on Conducting Business Ethically
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Ethically
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School Donations: Uniforms and IT
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Local Business Support
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Local Skills Employment & Development
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Local Skills Development
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Corozo – Artisanal Workings
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Executives and ManagementExperience. Results driven.
MANAGEMENTAndrew Cheatle, P.Geo., MBA, ARSMPresident & CEO
John Green, CMA, MBAS t & CFO
DIRECTORS
Secretary & CFO
Wes Hanson, P.Geo.COO
DIRECTORSJoseph Hamilton, P.Geo., CFA, ChairmanJose AceroRené Branchaud LLBRené Branchaud, LLBAndrew Cheatle, P.Geo., MBA, ARSMJoseph Del Campo, CMADaniel Danis, M.Sc., P.Geo.
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Charles Page, M.Sc., P.Geo.
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Work Plan 2014
Advance Candelones Metallurgical Work (Sample now at lab)
Advance Community Engagement and Environmental Monitoringat lab)
Develop Targets and drill for new discovery (Field crews on the ground)
Monitoring
Advancement of Candelones (PEA decision)
ground)
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Investment Opportunity
Proven Management Discovered, advanced, constructed and operated projects globally. Results driven
Stable Jurisdiction Expanding Mining Sector in Dominican Republic. Established Mining Law
Momentum / Financeable $20M raised since Jan 2012.
Merit Significant new discovery and expansion. Key landholding in new Au/Cu ‘trend’g
Endowment Exceptional geology-large VMS / Epithermal Au/Cu system
Scalability 25+ exploration targets Gold/Copper & ZincScalability 25+ exploration targets. Gold/Copper & Zinc. Extensive technical database
Credibility IFC Financing. Technical, Community and Environmental Due Diligence
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Environmental Due Diligence
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C t t C t t Contact informationContact informationAndrew Cheatle, President & CEOAmanda Dillon Investor Relations
504-44 Victoria StreetToronto ON M5C 1Y2 Canada
informationinformation
Amanda Dillon, Investor Relations Toronto ON M5C 1Y2 [email protected]