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Greencastle Resources Greencastle Resources Ltd. Ltd. Gold Exploration Gold Exploration Oil Royalty Cash Flow Oil Royalty Cash Flow Battle Mountain Trend, Nevada Battle Mountain Trend, Nevada Republic of Niger, West Republic of Niger, West Africa Africa

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Greencastle Resources Ltd. Gold Exploration Oil Royalty Cash Flow Battle Mountain Trend, Nevada Republic of Niger, West Africa. Greencastle Resources Ltd.. Corporate Mission Statement - PowerPoint PPT Presentation

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Page 1: Greencastle Resources Ltd

Greencastle Resources Greencastle Resources Ltd.Ltd.

Gold Exploration Gold Exploration Oil Royalty Cash FlowOil Royalty Cash Flow

Battle Mountain Trend, Battle Mountain Trend, Nevada Nevada

Republic of Niger, West AfricaRepublic of Niger, West Africa

Page 2: Greencastle Resources Ltd

Greencastle Resources Ltd.

Greencastle Resources Ltd.Greencastle Resources Ltd.

► Corporate Mission StatementCorporate Mission Statement

Greencastle management has proven access to high Greencastle management has proven access to high quality projects in some of the world’s most prolific quality projects in some of the world’s most prolific gold producing regions and a wealth of experience in gold producing regions and a wealth of experience in exploration, field operations, finance and exploration, field operations, finance and administration.administration.

Our mission is to build value for our shareholders Our mission is to build value for our shareholders through project identification, acquisition and through project identification, acquisition and continued exploration both as principal and through continued exploration both as principal and through joint ventures.joint ventures.

Page 3: Greencastle Resources Ltd

Greencastle Resources Ltd.

Greencastle Resources Ltd.Greencastle Resources Ltd.

► TSX Venture Exchange Symbol “VGN”TSX Venture Exchange Symbol “VGN”

► Common shares issuedCommon shares issued►Basic 36,557,005 Basic 36,557,005 ►Fully Diluted Fully Diluted 43,117,00543,117,005

► Cash and Marketable SecuritiesCash and Marketable Securities►Basic $1,500,000Basic $1,500,000►Fully Diluted $2,800,000Fully Diluted $2,800,000 Jan. Jan.

20072007

Page 4: Greencastle Resources Ltd

Greencastle Resources Ltd.

Greencastle Resources Ltd.Greencastle Resources Ltd.

► Management and DirectorsManagement and Directors

Anthony Roodenburg, Director and CEOAnthony Roodenburg, Director and CEO 18+ yrs corp. development and investment 18+ yrs corp. development and investment

industryindustry Dr. James Pirie, Director and PresidentDr. James Pirie, Director and President

35+ yrs global mineral exploration35+ yrs global mineral exploration

Dr. Anthony Taylor, Reno, DirectorDr. Anthony Taylor, Reno, Director 40+ yrs global mineral exploration40+ yrs global mineral exploration

Hon. Nick Taylor, Calgary, DirectorHon. Nick Taylor, Calgary, Director 50+ yrs global mineral and oil & gas exploration50+ yrs global mineral and oil & gas exploration

Richard Zakaib, Toronto, DirectorRichard Zakaib, Toronto, Director 20+ yrs global business development20+ yrs global business development

Page 5: Greencastle Resources Ltd

Greencastle Resources Ltd.

Greencastle Resources Ltd.Greencastle Resources Ltd.Six Active Gold Exploration Projects Six Active Gold Exploration Projects

Battle Mountain Trend – Pipeline/Cortez Hills to Eureka, Battle Mountain Trend – Pipeline/Cortez Hills to Eureka, Nevada: Nevada:

► Indian Creek, Coal Canyon, Kobeh, Jewel RidgeIndian Creek, Coal Canyon, Kobeh, Jewel Ridge Niger, West Africa:Niger, West Africa:

► Namaga, Koyria, optioned to OrezoneNamaga, Koyria, optioned to Orezone

► Cash FlowCash Flow Oil and gas discoveries in Saskatchewan converted to a royaltyOil and gas discoveries in Saskatchewan converted to a royalty New gas discovery currently shut in (carried)New gas discovery currently shut in (carried) Cash flow expected to exceed $1,300,000 / yr. in 2006 Cash flow expected to exceed $1,300,000 / yr. in 2006 Eight producing wells (five added in 2006)Eight producing wells (five added in 2006) New wells being added in 2007New wells being added in 2007

► Uranium applications submitted in NigerUranium applications submitted in Niger

Page 6: Greencastle Resources Ltd

Greencastle Resources Ltd.

Property Property LocationsLocations

Battle Battle Mountain Mountain

TrendTrend Nevada Nevada

Indian Creek

KobehCoal Canyon

Jewel Ridge

Oregon Idaho

Utah

Arizona

California

Cortez Area

Page 7: Greencastle Resources Ltd

Greencastle Resources Ltd.

Co

rtez

Tren

d

Co

rtez

Tren

d

Battle M

ountain-Eureka

Mineral Trend

Indian Creek

Kobeh

Coal Canyon

Jewel Ridge

Gold Deposits and Gold Deposits and Greencastle Projects, Greencastle Projects,

Battle Mountain Battle Mountain Trend NevadaTrend Nevada

Page 8: Greencastle Resources Ltd

Greencastle Resources Ltd.

Location Location Jewel Ridge PropertyJewel Ridge Property

Nevada Nevada

Adjoins Barrick Ruby Hill Adjoins Barrick Ruby Hill Property where 1 million Property where 1 million

ounce Au resource is being ounce Au resource is being evaluated for productionevaluated for production

Straddles Straddles structural/stratigraphic structural/stratigraphic trend hosting low grade trend hosting low grade Au-Ag deposits to south Au-Ag deposits to south

and and Ag-Au-Pb-Zn deposits to Ag-Au-Pb-Zn deposits to

northnorth

Staccato adjoins southern Staccato adjoins southern property boundaryproperty boundary

Page 9: Greencastle Resources Ltd

Greencastle Resources Ltd.

General GeologyGeneral GeologyJewel Ridge Jewel Ridge

PropertyProperty Nevada Nevada

22 RC holes on 4 target 22 RC holes on 4 target areasareas

40 metres 2.1 g/t Au in 40 metres 2.1 g/t Au in Hamburg mine areaHamburg mine area

Page 10: Greencastle Resources Ltd

Greencastle Resources Ltd.

Coal CanyonCoal CanyonGeologyGeology

Page 11: Greencastle Resources Ltd

Greencastle Resources Ltd.

Section 73+00Section 73+00Looking NorthwestLooking Northwest

Coal CanyonCoal Canyon

Page 12: Greencastle Resources Ltd

Greencastle Resources Ltd.

Kobeh PropertyKobeh PropertyGeophysicalGeophysical

InterpretationInterpretation

2004 program 2004 program – –

4 RC holes for 4 RC holes for 3,000 feet 3,000 feet

tested tested geophysical geophysical

and Au and Au geochem geochem targetstargets

Page 13: Greencastle Resources Ltd

Greencastle Resources Ltd.

A f r i c a

Niger

Gold Exploration in NigerGold Exploration in Niger

Page 14: Greencastle Resources Ltd

Greencastle Resources Ltd.

Greencastle Permits - NigerGreencastle Permits - Niger► High priority, drill-ready gold targets in Birimian greenstone High priority, drill-ready gold targets in Birimian greenstone

belts with gold deposits nearbybelts with gold deposits nearby► Targets identified from major exploration programs in 1990’sTargets identified from major exploration programs in 1990’s► Exploration largely curtailed in 1998 due to fall in gold priceExploration largely curtailed in 1998 due to fall in gold price► Optioned to Orezone Resources Inc.Optioned to Orezone Resources Inc.► Exploration Program drilling by Orezone on Namaga and Exploration Program drilling by Orezone on Namaga and

Koyria permitsKoyria permits► Several fences of drilling will test the best soil and termite Several fences of drilling will test the best soil and termite

anomalies in each of the selected anomalous areasanomalies in each of the selected anomalous areas► Encouraging 2006 drill results at Namaga including Encouraging 2006 drill results at Namaga including

22m of 2.4 g/t and 10m of 4.9 g/t gold22m of 2.4 g/t and 10m of 4.9 g/t gold

Page 15: Greencastle Resources Ltd

Greencastle Resources Ltd.

Gold Deposits in West African Gold Deposits in West African CratonCraton

Page 16: Greencastle Resources Ltd

Greencastle Resources Ltd.

Greencastle Resources Ltd.Greencastle Resources Ltd.

► Gold In NigerGold In Niger

Samira Hill deposit - 10 mm tons at 2.2 g/t Au mining Samira Hill deposit - 10 mm tons at 2.2 g/t Au mining commenced in 2004 – 618,000 oz Au to be mined over 6 commenced in 2004 – 618,000 oz Au to be mined over 6 years (Etruscan & SEMAFO)years (Etruscan & SEMAFO)

Koma Bangou gold deposit – 9.4 million tons at 1 g/t AuKoma Bangou gold deposit – 9.4 million tons at 1 g/t Au

Numerous small artisanal mining operationsNumerous small artisanal mining operations

Page 17: Greencastle Resources Ltd

Greencastle Resources Ltd.

Geology and Greencastle Permits - Geology and Greencastle Permits - NigerNiger

Page 18: Greencastle Resources Ltd

Greencastle Resources Ltd.

Greencastle Resources Ltd.Greencastle Resources Ltd.

Namaga Concession, NigerNamaga Concession, Niger

1,148 square km – includes former Ashanti concession 1,148 square km – includes former Ashanti concession Ashanti collected some 50,000 samples of soil and termite Ashanti collected some 50,000 samples of soil and termite

mounds – identified number of extensive Au anomaliesmounds – identified number of extensive Au anomalies Trenching on Block 3 Targets (1.2 g/t Au over 38 m and Trenching on Block 3 Targets (1.2 g/t Au over 38 m and

1.17 g/t Au over 26 m in 1998)1.17 g/t Au over 26 m in 1998) Block 10 Area (numerous values up to 4.5 g/t Au over 2 m) Block 10 Area (numerous values up to 4.5 g/t Au over 2 m)

– artisanal mining nearby– artisanal mining nearby Encouraging 2006 drill results at Namaga including Encouraging 2006 drill results at Namaga including

22m of 2.4 g/t and 10m of 4.9 g/t gold22m of 2.4 g/t and 10m of 4.9 g/t gold

Page 19: Greencastle Resources Ltd

Greencastle Resources Ltd.

Greencastle Resources Ltd.Greencastle Resources Ltd.

► Koyria Concession, NigerKoyria Concession, Niger

1,045 square km1,045 square km Ashanti outlined large Au geochem anomaly at Allareni - Ashanti outlined large Au geochem anomaly at Allareni -

grades of 1 to 75 g/t Au in quartz floatgrades of 1 to 75 g/t Au in quartz float Imperial Metals/Sumitomo drilling at M’banga (1.64 g/t Au Imperial Metals/Sumitomo drilling at M’banga (1.64 g/t Au

over 65 m, 4.3 g/t Au over 23 m in 1996 in 1996) over 65 m, 4.3 g/t Au over 23 m in 1996 in 1996) Low grade resource outlined on MKS by JICA – 16.8 million Low grade resource outlined on MKS by JICA – 16.8 million

tons at 0.66 g/t Autons at 0.66 g/t Au 4 km Au geochem anomaly at GG prospect from JICA 4 km Au geochem anomaly at GG prospect from JICA

surveysurvey 1 km Au geochem anomaly cluster at KLD aligns with 1 km Au geochem anomaly cluster at KLD aligns with

M’Banga deposit to northeastM’Banga deposit to northeast

Page 20: Greencastle Resources Ltd

Greencastle Resources Ltd.

Greencastle Resources Ltd.Greencastle Resources Ltd.

►Uranium in NUranium in Nigigerer

Niger is #4 producer of UraniumNiger is #4 producer of Uranium Over 7.8 million pounds uranium in 2004Over 7.8 million pounds uranium in 2004 Two mines currently in production near Arlit – one open pit, Two mines currently in production near Arlit – one open pit,

one underground owned and operated by consortium led one underground owned and operated by consortium led by Cogemaby Cogema

Applications for three concessions awaiting final approvalsApplications for three concessions awaiting final approvals

Page 21: Greencastle Resources Ltd

Greencastle Resources Ltd.

Geology of NigerGeology of Niger

Page 22: Greencastle Resources Ltd

Greencastle Resources Ltd.

Greencastle Resources Ltd.Greencastle Resources Ltd.

►Saskatchewan Oil and GasSaskatchewan Oil and Gas

Royalty Agreements in place Greencastle oil discovery at Primate (2003/4) Currently 8 producing wells operated by Trigger Gas discovery on Primate North shut in by Sphere Royalty income commenced in Q2 2005 Royalty income expected to exceed $1,300,000 in 2006 New wells added / production expected to increase

throughout 2007

Page 23: Greencastle Resources Ltd

Greencastle Resources Ltd.

Primate Wells

Primate Oil Wells, Primate Oil Wells, SaskatchewanSaskatchewan

Page 24: Greencastle Resources Ltd

Greencastle Resources Ltd.

Greencastle Resources Ltd.Greencastle Resources Ltd.2007 Business Plan2007 Business Plan

► Gold Exploration:Gold Exploration: Drilling at Jewel Ridge, Battle Mtn. Trend, NevadaDrilling at Jewel Ridge, Battle Mtn. Trend, Nevada Drilling in Niger by Orezone on Namaga and KoyriaDrilling in Niger by Orezone on Namaga and Koyria

► Oil Royalty:Oil Royalty: New wells to be added in 2007New wells to be added in 2007 Production expected to continue to increase through 2007Production expected to continue to increase through 2007

► Business Development:Business Development: Uranium concessions under application in NigerUranium concessions under application in Niger Continuing to evaluate additional opportunitiesContinuing to evaluate additional opportunities

► Positive net earnings in 2006 and expected for Positive net earnings in 2006 and expected for 20072007