The Kay Tanda Low‐ to Intermediate SulfidationEpithermal Gold‐Silver Deposit, Batangas Province, Philippines

Slide 1 of 421

*Lab‐oyan, F.T. and Climie, J.A.MRL Gold Phils. Inc.

Manila

Luzon

Mindanao

120º

30'

120º

30'

121º

00’

121º

00’

14º30'14º30'

14º45'

121º

30'

121º

30'

Laguna De Bay

MANILAMANILA

122º

00'

122º

00'

N

13º30'13º30'

14º00’14º00’

Taal Lake

Mt BanahawMt Banahaw

Mt MakilingMt Makiling0 25km

LOBOLOBO KAY TANDA PROJECT

MRL Gold tenements / applications

Highway / road

Taysan Porphyry

Batangas City

EXPLORATION HISTORY

• 1987 to 1989 – WMC: 7 DDH; all intersected low grade Au‐Ag mineralization

• 1995 to 1997 – Chase/BHP: 13 RCH; all 995 997 / 3 ;intersected low grade Au‐Ag mineralization

• 2000 – MRL acquired the property

• 2003 to 2007 – MRL: 147 RCH & 26 DDH; defined a NI 43‐101 compliant mineral resource

• 2008 to 2009 – Avocet under a JV agreement with MRL: 14 DDH; upgraded the 2008 mineral resource

MRL Project

Major Deposit

Trench

Fault

Batangas Projects

Manila

LUZON

TAYSAN

DIZON

PANAY

WEST LUZON MAGMATIC ARC

KAY TANDAPROJECT

MARCOPPER AROROY

MRL Project

Major Deposit

Trench

Fault

Batangas Projects

Manila

LUZON

DIZON

Pinatubo

Natib

Mariveles

M t

PANAY

TAYSAN

KAY TANDAPROJECT

MARCOPPER AROROY

Mataas naGulud

Manila

Luzon

Mindanao

Taysan

Crazy Horse Taysanporphyry copper-gold deposit

Mindoro tenements / 

applications

Alluvium

Reef limestone

Taysan tuff

Lobo agglomeratePalacpacC A

NagtoctocCu‐Ag

Kay TarikBreccia

Calantas

El PasoCu‐Au

TaywanakCu‐Au (HS)

Sea

Old LoboCu‐AuMine

LOBO

0 2km

Pinamucan formation

Mapulo limestone

Dagatan wacke

Talahib andesite

San Juan quartz diorite

San Juan metavolcanics and 

metasediments

Epithermal vein‐breccia 

trends / prospects (gold‐

silver‐copper)

Copper showing

Historical mine / workings

Fault

Road N

TalonCu

BalibagoAu (±Cu)

Lumbangan Area

MaritaCu‐Au

BootinCu‐Au

Haliging BatoCu‐Au (HS?)

Cu‐AuCu AgCalumpangCu

HaybangaAu (±Cu)

UlupongAu (±Cu)

CamoCu‐Au

Jap TunnelCu‐Au

TalahibCu (±Au)

PaggalangCu‐skarn

PicaPorphyry Cu

Exotic Cu

Lobo Epithermal Veins/Breccias (e.g. SWB, 70K  oz  Au resource @ 6g/t) 

Kay Tanda Epithermal Gold/Silver Deposit

Inset Map

Biga

Marita

Bootin

Tenement boundary

Younger cover rocks

Extensively altered volcanicsintruded by diorite and dacite

Advanced argillic zones from PIMA Pulang Lupa

Archangel Compilation

Sea

Balibago

Ahit

N1 Km0

Chargeability Anomalies /Porphyry Targets

analysis

Interpreted resource area

Epithermal gold-silver zones

Porphyry-related stockworks

Vein breccia

Boulder field of mineralized massive silicified rocks – Biga Prospect

Old mine working

Copper showing

Strong chargeability anomalies (Interpreted sulphide mineralization with correlating alteration, copper & gold showings)

Road

Creek

Lumbangan(undrilled)

Kay Tanda

Inset Map

LITHOLOGY

Agglomerate and glassy basaltic andesite

Porphyritic andesite intercallated with ash-lapilli andesite tuffs

Clastic sedimentary rocks and limestone with intercallated andesite tuffs

Hydrothermal breccia

Dacite porphyry dykes

Kay Tanda Geology

Dacitic / andesite lithic tuffs, volcaniclastics, and porphyritic dacite / andesite flows.

RC drill hole

Diamond drill hole

Creek

N

100m0

ALTERATION

Montmorillonite ± chlorite

Quartz + alunite ±diaspore ± pyrophyllite ±dickite (Advanced Argillic)

Illite and illitic clays with smectite ± chlorite (Argillic)

Sericite ± quartz ± calcite ± pyrite ± high temp chlorite (Intermediate Argillic)

E id t lbit l it hl

Kay Tanda Alteration

Epidote, albite, calcite, chlorite, actinolite and zeolite (Propylitic)

Quartz - sericite / muscovite - chlorite ±calcite ± anhydrite ± pyrite (Phyllic)

RC drill hole

Diamond drill hole

Creek

N

100m0

KTDH-1, 18.0m, vuggy, AA altered (silica-pyrophyllite-dickite-kaolinite)

Closer view of the specimen, vugs clearly observable.

Old Kay Tanda workings altered to quartz-dickite-pyrophylite-kaolinite (AAA).

KTDH-15; Chalcedonic quartz veins

KTD-174; Chalcedonic quartz stockworkstruncated by fractures filled with hematite.

White quartz vein truncated by quartz-hem-pyrite veins

Chalcedonic – white quartz veins 

Closer view of the outcrop

Argillic altered tuff with qtz-pystockworks and strong goethite staining.

KTDH‐01: Quartz‐FeOx stockworks in clay‐quartz altered porphyritic rock.

KTDH01 - 37m

KTDH‐01: Quartz‐FeOx stockworks in clay‐quartz altered tuff

KTDH01 – 21-23m

KTDH‐01: Quartz‐FeOx vein breccia cutting through quartz‐sericite‐clay altered porphyritic rock.

KTDH01 - 39 m

1.0 g/t Au

Colloform banded quartz vein

Chalcedonic quartz vein

(0.5- 4 g/t Au)

KTDH‐01: Quartz‐sulphide vein breccia 

Fine  pyrite with specks of chalcopyrite within the brecciated  

white quartz vein 

Fine  pyrite with specks of chalcopyrite within the brecciated  

white quartz vein 

KTDH01 - 82 m

white quartz vein .white quartz vein .

KTDH‐01: Quartz‐sulphide vein breccia containing copper sulphides that appear as dark clusters and hairline stringers.

KTDH01 - 94 m

KTDH‐04: Hydrothermal breccia showing chalcopyrite and galena as matrix replacement

0.93 g/t Au4.1 g/t Ag0.52% Cu2 01% Pb2.01% Pb0.97% Zn

3m

KTDH‐04: Massive galena‐chalcopyrite‐sphalerite in silicified hydrothermal breccia

0.05 g/t Au13.04 g/t Ag2.10% Cu5.50% Pb4.97% Zn

5m

KTDH‐10, Hydrothermally brecciated limestone containing pyrite, arsenopyrite, galena and minor chalcopyrite. 

o.92 g/t Au

KTDH‐19:  silicified limestone with strong pyrite/ arsenopyrite ; minor sphalerite, galena and chalcopyrite. 

KTDH‐10, 296.80m depth; Localized molybdenite + chalcopyrite with minor bornite along fractures (also occurs as minor 

veinlets in the other parts f h )of the core).

KTDH10-156.35; Gypsum-anhydrite fracture fills, sometimes contain very few individual tiny grains of pyrite and chalcopyrite.

Lumbangan

Pulang Lupa

Kay Tanda

v

v

v v

v

v v

v

v

v

vKT52

Proposed KTDH5

LMRC 02

KTDH1

KT47

KT58

KTDH3

KT48 KT5

KT24KT25

KT15KT37

KT26

KT35

KT10

KT22

KT40

KT6

KT3

KT13

KT14

KT39

KT4

KT20

KT19

KT28

KT29

KT30

KT21

PL14

PL11

PL19

PL15

PL9

PL10

PL16

PL17

KT41

KT42

KT44

KT50

KT51

KT49

KT40

KT60

KT55KT59

KT53

KT54KT56

KT57

KTDH4

PL22 PL20

PL21

CA03

CA5

CA04

CA08

CA07

CA13

CA11

CA10

KT‐581 32 /t ld

PL‐211.5 g/t gold

17 mand

9.8 g/t gold 6 m

KTDH‐0413.9 g/t gold

37 mincluding

23.5 g/t gold21 m

KT‐553.45 g/t gold

64 mincluding9.6 g/t gold

20 m

KT‐441.19 g/t gold

76 m

ARCHANGEL PROJECTKay Tanda & Pulang Lupa Drill Results

KT18

KT34

KT9KT16

KT7

KT8

KT23

KT1

KT12

KT2

KT17

KT38

KT27

KT36

KT33

KT14

KT11

KT32

KT31

PL18

PL12

PL8

PL19

PL1

PL6

PL3

PL5

PL2

PL4

PL7

PL13

KT43

KT45

KT46KTDH2

KT61CA03

CA02

CA01CA06

CA9

CA-12

Sum of average g/t Au X meter of all significant intercepts in drill hole

Completed drill hole number

River / Creek

Cross section line

49KT32

CA11Historical drill hole

Planned drill hole

Au g/t X interval (m)

> 100

5 - 15

15 - 30

50 - 100

< 5

30 - 50

1.32 g/t gold24 m

CategoryMetric Tonnes

Gold(g/t)

Silver(g/t)

Gold (ounces)

Silver (ounces)

Measured 5,737,000 1.11 5.43 205,600 1,022,600

Indicated 4,142,000 0.99 3.04 131,900 405,200

NI 43‐101 Compliant

Kay Tanda Resource

4, 4 , 99 3 4 3 ,9 4 5,

Measured + Indicated

9,879,000 1.06 4.50 337,500 1,427,800

Inferred 3,741,000 0.81 1.75 97,200 210,800

KAY TANDAPULANG LUPA

Wireframe Model of Kay Tanda Mineralization

Mineralized intercept excluded from NI 43-101 resource estimate (0.3 g/t Au cutoff)

Estimation domain (included in NI 43-101 resource estimate)

Drill hole

RC DRILL RIG

DIAMOND DRILL RIG

Exploration at Kay Tanda – after intensive drilling, the area still green with natural vegetation.

EXTRA SLIDESEXTRA SLIDES

View Of Kay Tanda From Pulang Lupa Archangel Stratigraphy