HGC Corporate Presentation July 2010
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Transcript of HGC Corporate Presentation July 2010
Experienced Management
Infrastructure
Taurus
Table MountainPermitted
Cassiar Gold Mine
Building British Columbia’s Next Gold ProducerCorporate Presentation July 2010
Forward-Looking Information
Certain statements herein may contain forward-looking information within the meaning of applicable securities laws. Forward-looking information appears in a number of places and can be identified by the use of words such as “intends” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information includes statements regarding the Company’s exploration and development plans with respect to its properties and the estimation of mineral resources and are subject to such forward-looking risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such risks include gold price volatility, change in equity markets, the uncertainties involved in interpreting geological data, increase in costs and exchange rate fluctuations, permitting and environmental risks and other risks involved in the gold exploration and development industry. There can be no assurance that forward-looking information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of Hawthorne Gold. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein are qualified by this cautionary statement. The Company does not undertake to update such forward-looking information except in accordance with applicable securities laws.
A feasibility study has not been completed for any projects discussed in this presentation and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable.
Finley Bakker, P.Geo., the Company’s Qualified Person as defined by National Instrument (“NI”) 43-101, has reviewed and approved the technical information contained in this presentation.
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Share Structure
Issued and Outstanding 82,115,113Special Warrants ($0.29) 14,338,801Stock Options ($0.40 - $1.60) 6,787,000Warrants ($0.40 - $0.51) 11,342,857Fully Diluted 114,583,791
American Bonanza Gold Corp. 5,750,000 ~(8%)Institutional Ownership ~25,000,000 ~(26%)Market Capitalization (as at April 29, 2010) ~$13M
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Investment Highlights
Experienced Management , Operational and Technical Team• Led by respected company builders Michael Beley and Richard Barclay
Co-founded both Bema Gold and Eldorado Gold• Strong board of directors and advisory team
Dedicated to Growth through drilling, development and acquisitions• Apply Bema/Eldorado Model (short term cashflow)
Advance towards cashflow at profitable mining operation within 4 years from Company inception
On track for production at Cassiar Gold Mine, British Columbia• Aggressive 10,000 metre diamond drill program at Cassiar Gold Camp 2010
Build resource portfolio and develop priority exploration targets for upside potential
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Gold Development and Production Portfolio
Thwo advanced stage gold projects in British Columbia, Canada
• Table Mountain Gold Deposit - high grade vein deposits Fully permitted 270 tonnes per day mine, operational mill and tailings
impoundment facility Estimated replacement value for mill facility: ~$25M
• Taurus Gold Deposit - open pit, bulk tonnage opportunity
Merger & Acquisition focus – build out management team, resource and production portfolio to become a significant junior gold producer
• Reviewed 75 near term production gold projects • Selected 6 for management dialogue• Completed $4 million M&A working capital financing• Focused acquisition of near or in production target
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Michael Beley Chairman and Director40 + years experience in senior executive roles in mining industry; former co-founder, VP & Director of Eldorado Gold Corp.; former co-founder, VP & Director of Bema Gold Corp.; co-founder of Polaris Minerals; and former Director of Nevada Pacific Gold
Experienced Management Team
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Richard Barclay President, CEO and Director40+ years experience in senior executive roles in financial sector; former founding CEO, President, & Director of Eldorado Gold Corp.; former co-founder, CFO and Director of Bema Gold Corp.; and former President, CEO & Director of Nevada Pacific GoldPatricia Fong CFO (Interim)15 years of experience in the mining, oil and gas industries and previously held the position as Controller of various companies under the Lundin Group. Prior to entering the mining industry, Ms. Fong held various management roles in manufacturing, construction, real estate and government sectors.
Marlin Murphy Manager of Environmental and Governmental AffairsOver 25 years of environmental and government relations experience; previous senior management positions with EBA Engineering, Compliance Energy Corporation, Barrick Gold Corporation, Homestake Mining and Cassiar Mining Corporation
Experienced Director Team
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Bernard Kahlert Director35+ years of international exploration experience primarily focused on gold and base metals; held various positions with mining companies in Australia, United States and Canada; graduate in Geology and P.Eng
Dale A. Sketchley Director30 + years experience encompassing all phases of exploration, QAQC, geological modelling and resource evaluation; Mr. Sketchley has been involved Ivanhoe Mines, Union Minié, Chevron, Denison, Erickson Gold, Cooke Geological, MineQuest, and Placer Dome Don Siemens Director30+ years experience as a Chartered Accountant; Mr. Siemens specializes in Corporate Finance, cross-border transactions and Mergers & Acquisitions; Mr. Siemens serves as a director and Audit Committee Chair for three public companies: Los Andes Copper Ltd., Nikos Explorations Ltd, and Adriana Resources Inc.
John Nugent Director20 + years experience of Financial and corporate expertise; Mr. Nugent became president of Gardiner Group Stock Brokers Inc., co-founder and president of Romanex Limited, president of International Barytex Resources Ltd. Currently he serves as a director of Nikos Exploration and Los Andes Copper Ltd., and is Chairman of Hansa Resources Limited
Harvey Brooks DirectorOver 20 years experience in executive roles; Mr. Brooks was Senior Vice-President and General Manager, US Division of National Bank of Canada, director of Northern Sun Exploration Company Inc.
Technical Team and Advisors
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David Rhys Board AdvisorPrincipal of Panterra Geoservices Inc.; specializes in the application of structural geology techniques to the assessment of mineral deposits; has extensive experience in the evaluation of gold deposits at all phases of development
Dr. John-Mark Staude Board Advisor20+ years of international exploration experience in precious and base metals; held various positions of increasing responsibility with Kennecott, BHP Billiton, and Teck Cominco
Jack McClintock Board Advisor/Consultant30+ years experience in all facets of the mineral exploration business; held various positions of increasing responsibility with Rio Algom, Billiton and BHP Billiton, the last being Global Exploration Manager with BHP Billiton; graduate degrees in Geology and MBA
British Columbia – A Pro Mining Province
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TaurusDeposit
Table Mountain Deposit (Cassiar Gold Mine)
Cassiar Gold District
Cassiar Gold Camp
Table Mountain and Taurus DepositsProgress To Date
• Increased land position by 245%• Purchased remaining 70% of Taurus
Deposit• Completed geological compilation
model of 40 years of data• Completed 12,000 metre surface
diamond drill program 2008/9• Rehabilitated underground access
workings at Cassiar Gold Mine• Re-established exploration and
mining 75 man camp• Completed property-wide geophysics
program
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Table MountainTaurus
• 58,901 hectare claim boundary
• Historical production of ~500,000 ounces
Table Mountain Mine and Mill Complex
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Table Mountain Mill and Shops
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270 TPD Mill Capacity
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Experienced Mining Management
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Table Mountain Gold Deposit & Cassiar Gold Mine
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High-Grade Gold System• NI 43-101 Mineral Resource Estimate• Deposits hosted in extensive quartz-
carbonate-gold vein systems similar to some of Canada’s largest gold camps, including Timmins, Kirkland Lake and Val d’Or
2009 Exploration & Development Program
• Completed 12,000 metre diamond drill program focused on:
Priority zones identified at Table Mountain and Taurus that will increase resource base
Regional targets to identify new zones• Underground pre-development at Table
Mountain to prepare for production at Cassiar Gold Mine
Table Mountain
• 23 km of road access throughout property to access 13 adits and ~25 km underground workings
Table Mountain Core Library
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Multiple Gold Zones For Future Development
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High Grade Gold Veins
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Historic Mining Grades of 14 Grams Gold
19Quartz vein in mine face – Table Mountain
Table Mountain Mining Fleet
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Table Mountain Mill
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Constructed New 75 Tonne Capacity Bridge
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Cassiar Gold 75 Person Camp
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Taurus Gold Deposit
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Highlights
• NI 43-101 Mineral Resource Estimate• High-grade zones identified within
resource selected high grade open pits• Open pit, bulk tonnage opportunity• Historical production of 32,700 ounces
from high grade zones within deposit
2010 Exploration & Development Program• Plan 2010 10,000 meter surface
exploration drill program to bring Taurus inferred resource to measured and indicated status
• Metallurgical studies on mineralized zones for compatibility with mill flow sheet
• Potential for multi million ounce open pit and underground bulk mineable gold deposit
Taurus
Oro Vein
Taurus Gold Deposit Looking West
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Taurus Core Library
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Taurus Diamond Drilling
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Taurus Open Pit 2009 Bulk sample
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Taurus High Grade 3-5 Gram Gold Zones
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Straight Forward Ore Control Taurus Gold Zones
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Taurus Bulk Sample – Summer 2009
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Examples of potential high grade zones within
Taurus Low Grade deposit
Taurus 5,000 Tonne Bulk Sample
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Taurus Bulk Sample High Grade
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Infrastructure, Resources, PeopleReading for Production
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Mine and Mill Site 270 tpd Mill Facility Entering East Bain Zone
Underground at Table Mountain
Developing Ramp to East Bain
Taurus High Grade Veins at Surface
Taurus pre-stripping, drilling, trenching
Taurus Drilling Zone #1 Reviewing Core (President and Advisors)
Taurus Zone I & II
TABLE MOUNTAIN AND TAURUS GOLD DEPOSIT
•Continue resource development through surface drilling during 2010 summer/fall; exploration program will consist of 10,000 metres of diamond drilling, trenching, mapping and soil sampling
•Complete engineering and mine planning
•Complete pre-production mine development leading towards production at Cassiar Gold Mine
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Exploration and DevelopmentGoing Forward
Contact:
For more information please visit:www.hawthornegold.com
or contact:
Robert Ferguson or Jaclyn Ruptash
Telephone: 604.629.1505
Toll Free: 888.629.1505
Email: [email protected]
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