Corporate Presentation February 2014 TSX.V:GNG Exploring Mexico for Gold and Silver 50km.
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Transcript of Corporate Presentation February 2014 TSX.V:GNG Exploring Mexico for Gold and Silver 50km.
Corporate Presentation
February 2014
TSX.V:GNG
Exploring Mexico
for
Gold and Silver50km
2
Overview
Golden Goliath Resources (TSX Venture – GNG.V)
■ Focused on exploration and development of gold and silver resources in the Sierra Madre Occidental Mountains of Northwestern Mexico
■ Controls properties in the historic Uruachic Mining District which is notable for numerous gold and silver mines dating to the Spanish Colonial era
■ Wholly owns all of its claims in the Uruachic District – there are no outstanding options or purchase payments to be made
3
Investment Thesis
100% ownership of all claims with no further property payments required
■ The asset ownership of most junior mining companies is governed by option agreements with substantial payments
Full flexibility to develop, option out, invite others to option in or sell assets
Control of entire Uruachic District
■ Measures 15 by 25 kilometers
Stable politics and favorable regulatory and tax regimes in Mexico
4
Strategy
Golden Goliath’s exploration strategy is to
■ Develop its portfolio of prospects
■ Apply modern exploration techniques
■ Seek mineralization near old workings, using surface exploration to identify targets
50 km
RA
ILW
AY
Sierr Madre Gold Silver
Belt
5
Gold and Silver Prospects
Within Uruachic Camp
■ San Timoteo
■ Las Bolas
■ Nopalera
■ Reforma
■ Oteros
■ Nueva Union
Outside Uruachic Camp
■ Chamizal
■ La Cruz
4 km
Reforma
San Timoteo
Nopalera
Oteros
Las Bolas
Nueva Union
Corona
Rio Oteros
La Barranca
6
Uruachic Mining Camp
Golden Goliath’s 8,400 hectares of land are located in one of the most prolific gold and silver producing regions in the world
The Uruachic Mining Camp hosts some of the Sierra Madre’s largest and most intense alteration zones
Key attributes include
■ A ready workforce
■ Year-round road access
■ Infrastructure in place
■ Prolific mining history
■ Fully permitted operation
■ Support from the local population
■ Historically high production grades – from 2,200.0 – 17,000.0 g/t Ag and up to 31.1 g/t Au
7
San Timoteo / Sucursal Area
Includes several claims totaling 793 hectares in north central Uruachic Camp
■ San Timoteo
■ San Timoteo II
■ Oro Leon
■ Las Trojas
■ Bufalo B
Bufalo A Bufalo B
La Lluvia
OroLeon
NuevaUnion
San Timoteo 2La Reforma
SanTimoteo
LasTrojas
San Timoteo 2La Reforma
SanTimoteo
LasTrojas
San Timoteo 2La Reforma
SanTimoteo
LasTrojas
San Timoteo 2La Reforma
SanTimoteo
LasTrojas
San Timoteo 2La Reforma
SanTimoteo
LasTrojas
San Timoteo 2La Reforma
SanTimoteo
LasTrojas
San Timoteo 2La Reforma
SanTimoteo
LasTrojas
San Timoteo 2La Reforma
SanTimoteo
LasTrojas
Bufalo A Bufalo B
La Lluvia
OroLeon
NuevaUnion
San Timoteo 2La Reforma
SanTimoteo
LasTrojas
San Timoteo 2La Reforma
SanTimoteo
LasTrojas
San Timoteo 2La Reforma
SanTimoteo
LasTrojas
San Timoteo 2La Reforma
SanTimoteo
LasTrojas
San Timoteo 2La Reforma
SanTimoteo
LasTrojas
San Timoteo 2La Reforma
SanTimoteo
LasTrojas
San Timoteo 2La Reforma
SanTimoteo
LasTrojas
San Timoteo 2La Reforma
SanTimoteo
LasTrojas
8
San Timoteo / Sucursal Area
Sucursal Area is underlain by Dacite overlying Porphyritic Andesite
Northeast-trending structures
Formation is cut with intensely altered dacitic volcanics and minor sedimentary rocks with intrusive bodies
Stockwork veining is extensive in some areas
Numerous old mine workings including the San Martin mine which was the only old mine in the Uruachic camp large enough to have had rail tracks
In 2008 three diamond drill holes targeted the Sucursal structure.
All three drill holes intersected the mineralized structure
2013 Exploration program included rehabilitation and detailed mapping and sampling of all of the San Martin Mine Levels
2013 program defined three high grade subvertical structures as well as mineralized Manto zones
Drilling below the 500 level anticipated
Geology ► Exploration Program ►
San Timoteo - Sucursal Project Location Map
Road
San Martin Tunnel
SUDD-08-06
SUDD-08-01
SUDD-08-02
ANDD07-1
Nueva Union
STDD-08-07
500m
N
River
Diamond Drill Hole
San Timoteo - Sucursal Drill Hole Assays
Drill Hole
Frommetres
Tometres
Width metres
Goldg/tonne
Silverg/tonne
Pb%
Zn %
SU-08-01 100.7 103.9 3.17 0.14 79 -- --
SU-08-01 156.6 167.9 11.26 0.41 142 1.2 1.7
including
SU-08-01 156.6 161.2 4.61 0.59 267 1.9 1.7
Including
SU-08-01 156.6 157.7 1.08 0.46 705 6.6 3.8
SU-08-02 210 214.9 4.87 0.12 175 1.1 1.2
Including
SU-08-02 213.1 214.9 1.77 0.15 431 2.8 3.2
SU-08-06 217.8 220.3 2.55 0.17 129 0.7 0.3
ANDD07-1 42 44 2.0 0.40 40 -- --
San Timoteo - Sucursal Project Location Map
Road
San Martin Tunnel
Nueva Union
STDD-08-07
500m
N
River
Diamond Drill Hole
San Martin Mine Multi Level Vertical Section
12
San Martin Mine 500 level Preliminary Sampling (Au)
0 50 100
metres
ST-08-07
ST-06-08
ST-08-23Hole Abandoned
5.96 gold gm/tonne / 20m
6.72 gold gm/tonne /10m
6.79 gold gm/tonne (grab)
1.14 gold gm/tonne / 8.5 m
5.93 gold gm/tonne / 1.6m1.47 gold gm/tonne / 5.3 m
1.40 gold gm/tonne / 2.0 m
0.05070.05070.05070.05070.05070.05070.05070.05070.0507
0.0050.0050.0050.0050.0050.0050.0050.0050.005
0.007540.007540.007540.007540.007540.007540.007540.007540.00754
6.516.516.516.516.516.516.516.516.51
0.7340.7340.7340.7340.7340.7340.7340.7340.734
0.2520.2520.2520.2520.2520.2520.2520.2520.252
0.07110.07110.07110.07110.07110.07110.07110.07110.0711
0.1170.1170.1170.1170.1170.1170.1170.1170.117
0.1270.1270.1270.1270.1270.1270.1270.1270.127
0.1520.1520.1520.1520.1520.1520.1520.1520.152
1.551.551.551.551.551.551.551.551.55
0.4290.4290.4290.4290.4290.4290.4290.4290.429
0.01520.01520.01520.01520.01520.01520.01520.01520.0152
0.02790.02790.02790.02790.02790.02790.02790.02790.0279
0.007540.007540.007540.007540.007540.007540.007540.007540.00754
0.007540.007540.007540.007540.007540.007540.007540.007540.00754
0.007540.007540.007540.007540.007540.007540.007540.007540.00754
LegendGold gm / tonne
Drill Hole
Rock Chip Sample
0 50 100
metres
San Martin Mine 500 Level Preliminary Sampling (Ag)
LegendSilver gm / tonne
Drill Hole
Rock Chip Sample
202 silver gm/tonne / 20m
141 silver gm/tonne /10m
2,156 silver gm/tonne (grab)
428 silver gm/tonne / 8.5 m
110 silver gm/tonne / 4.5m
1,545 silver gm/tonne / 6m
191 silver gm/tonne / 7.5 m
229 silver gm/tonne / 3.0 m
0.1
0.706
0.706
0.706
0.706
135
15.9
23.1
29.8
57.7
11.6
1.31
1.92
3.13
7.38
5.56
1,550
ST-07-04ST-07-08
ST-08-13
San Martin 500 level Detailed 2013 sampling (Au)
15
San Martin Mine 500 level Shoots and Mantos (2013)
16
San Timoteo Property, San Martin Mine Going Forward
Golden Goliath is currently (early 2014) working on 3 d projections of the high grade shoots below the 500 level of the San Martin Mine
The Company would like to drill these targets, possibly in conjunction with new down-hole IP technology
17
Uruachic Neighboring Deposits
Project Company No. of DH
Meterage Reserves /
Resources
Distance to Uruachic
Pinos Altos Agnico-Eagle Mines
514 123,012 2.2 M oz Au & 65.6 Moz Ag –Prob. Reserves
44.8 km NW of Uruachic
Ocampo
(NE Area Resouce Only)
Gammon Lake Resources
179 33,731 316,600 Oz Au & 13,351,000 Oz Ag – M&I Resources
116,500 Oz Au & 7,523,000 Oz Ag- Inferred
28.6 km N of Uruachic
Palmarejo-Trogan
Palmarejo Silver & Gold
732 126372 971,000 Oz Au & 89,260,000 Oz Ag –M&I
36 km SE of Uruachic
San Miguel Paramount Gold & Silver
213 47,560 96,000,000 oz AgEq.
-Inferred Resources
51 km South of Uruachic
Orisyvo Fresnillo Plc 180 66,000 6 M Oz Au 7 km SE of Uruachic
Las Bolas Golden Goliath Resources
11 1,554 7.0 M Oz Ag &
15,000 Oz Au
Inferred Resource @
31.1 g/t Ag cut off
(43-101 compliant)
30 M – 112 M Oz Ag
“Potential Target”
--50 km
19
Management Team
J. Paul Sorbara (also a Director)
Mr. Sorbara, President of the Company, completed his M.Sc. at the University of Toronto in 1979, studying collapsed caldera structures in Canada's Northwest Territories. Following graduation, he conducted Caldera Reconnaissance Programs for Cominco Ltd. in both British Columbia and the Sierra Madre Occidental range in Northern Mexico, spending a number of years in Cominco's Guadalajara office. Changes in the foreign investment laws made investment in Mexico feasible, and Mr. Sorbara was one of the first Canadians to go there. With help from his numerous Mexican geological contacts, he started his own private Mexican exploration company, Minera Delta S.A. de C.V. which after eight years he took public as Golden Goliath Resources Ltd.
Stephen Pearce (also a Director)
Stephen Pearce, CFO, is a practicing lawyer who specializes in corporate and securities work. He serves as a director and officer of several resource-related public companies. Mr. Pearce has a Law degree from the University of British Columbia and an economics degree from York University.
Ing. Daniel Nofrietta Fernandez (also a Director)
Ing. Nofrietta is a Mexican national who studied geology both in Mexico and the United States. He has worked as exploration manager for several large international companies throughout Mexico and has a vast knowledge of the Sierra Madre Occidental region. He has also taught at the University of Chihuahua and is former President of the Chihuahua chapter of the Association of Professional Geologists, Geochemists and Metallurgists of Mexico.
20
Board of Directors
Apart from Paul Sorbara, Stephen Pearce and Daniel Nofrietta, Golden Goliath has 4 more distinguished individuals on its Board of Directors
Marc LegaultMr. Legault is Vice-President, Project Development with Agnico-Eagle Mines Ltd. in Toronto and has held several positions within Agnico-Eagle including exploration geologist and mining geologist and is now chief geologist at the Laronde Division, a 7,000 tonne-per-day underground gold-silver-copper-zinc mine. He was instrumental in convincing Agnico-Eagle of the potential of its Pinos Altos epithermal gold-silver project in Chihuahua, and is currently managing the exploration and evaluation program at Pinos Altos while evaluating other mining opportunities in Mexico. A graduate of Queen's University with a B.Sc. with Honours in geological engineering and an M.Sc. in geology from Carleton University, Mr. Legault is also a licensed professional engineer in both Ontario and Quebec, and served on the CIM committee that developed the Estimation of Mineral Resources and Mineral Resources Best Practice Guidelines.
Andrew MacGregor RobertsonDr. Robertson was one of the founding partners of the international mining and geotechnical consulting firm SRK. In 1995, he left SRK to found the mining geotechnical engineering firm Robertson Geoconsultants Inc. He is also the founder and Chairman of INFOMINE Inc., the operators of the premier mining information site on the Internet - InfoMine.com. Dr. Robertson was a key figure in the start up of Gemcom Software International Inc. (GSI), and since its inception has been active in the strategic direction of the Company. GSI has become one of the leading developers and suppliers of exploration, reserve calculation, mining engineering and planning software.
21
Board of Directors (cont’d)
David Moore P. GeoMr. Moore is President & CEO of Serengeti Resources Inc. Prior to joining Serengeti, David had a 30 year career with Teck Cominco; including management of Cominco Ltd.’s Western Canadian and Canadian Exploration groups between 1995 and 1998, and International Exploration group from 1991 to 2001. He has participated in the discovery and delineation of mineral deposits in a number of countries including leading the drill-out of the world class Red Dog zinc-lead deposit in Alaska. He brings experience and expertise from grassroots prospecting, to resource delineation, to exploration management and international business development.
Edward SorbaraMr. Sorbara, a very successful businessman in Toronto, is one of the principals of 'The Sorbara Group', which has extensive holdings in real estate, construction and insurance.
22
Financial Profile
Shares Listed October 17, 2000
Shares Outstanding 106,660,889
Warrants 11,988,888
Options 6,750,000
Fully Diluted 125,399,777
Exchange TSX Venture
Symbol GNG
52-Week Range $0.235 - $0.04
23
Major Shareholders
Shareholder Name % of Total Shares
Concept Capital Management 13.5%
Sprott Assett Management,Toronto, Ontario
8 %
Agnico-Eagle Gold Mines, Toronto, Ontario 7 %
Large Shareholders in Europe and Asia
24
Contact Us
Corporate Office – Canada Corporate Office – Mexico
Suite #711 675 West Hastings Street
Vancouver, BC V6B 1N2
Canada
Tel: (604) 682-2950
Fax: (604) 685-3764
J. Paul Sorbara
E-mail: [email protected]
Suite #711 675 West Hastings Street
Vancouver, BC V6B 1N2
Canada
Tel: (604) 682-2950
Fax: (604) 685-3764
J. Paul Sorbara
E-mail: [email protected]
Minera Delta S.A. de C.V.
C. Juan Felipe Orozco #516
Col. San Felipe 31240 Chihuahua, Chih.
Tel and Fax: (011 52) 614 414 6226
Ing. Daniel Nofrietta Fdz
E-mail: [email protected]
Minera Delta S.A. de C.V.
C. Juan Felipe Orozco #516
Col. San Felipe 31240 Chihuahua, Chih.
Tel and Fax: (011 52) 614 414 6226
Ing. Daniel Nofrietta Fdz
E-mail: [email protected]