Latte Zone
Transcription
Latte Zone
February 2011 Leading The New Yukon Gold Rush Kaminak Team Celebrates First Coffee Drill Hole: 17.1 g/t Au over 15.5m Forward Looking Statements This presentation contains "forward-looking statements". These forward-looking statements are made as of the date of this presentation and Kaminak Gold Corporation does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to data. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of property interests; future prices of mineral resources; accidents, labour disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals or financing. This presentation does not constitute an offer to sell or solicitation of an offer to buy any securities of Kaminak Gold Corporation. Kaminak’s disclosure of a technical or scientific nature in this presentation has been reviewed and approved by Dr. Rob Carpenter, Ph.D., P.Geo., Kaminak’s President and CEO, who serves as a Qualified Person under the definition of National Instrument 43-101. The Coffee property is an early stage exploration property and does not contain any mineral resources as defined by National Instrument 43-101. 2 Why Invest in Kaminak? People • • • Strong Technical and Corporate Team 100% Dedicated to Kaminak and the Coffee Project Proven Track Record of Creating Shareholder Value Project – Coffee Gold • • • • • • • Core Asset with 100% Ownership 8 Major Gold Discoveries to Build Ounces On • Extensive structural overprinting, large-scale hydrothermal alteration • Near-surface, oxidized, closely spaced deposits with similar mineralogy and chemistry Proven Exploration Strategy Multiple High Quality Soil Trends Untested 90% of the Property Remains Unexplored Located in the Emerging White Gold District, Yukon Territory Potential to be Canada’s Newest Gold Camp Share Structure • • • Tight Share Structure with Strong Treasury 63,154,456 Shares Outstanding $25,500,000 Working Capital 3 Kaminak Milestones for 2010 Coffee Project Growth • • • • • • Drilled 8 Major Gold Discoveries in the First Year of Drilling Validated Exploration Strategy • 100% Success Rate Drill Testing Soil Trends and Finding Gold 16,000m Drill Program, 76 drill holes $9,500,000 Exploration Program Generated, Staked, Drilled and Made New Discoveries in Less than 6 months i.e. Americano 250 Claims to >2,500 Claims Corporate Growth • • • Market Capitalization Appreciation $30M to $185M Raised $26,000,000 • Two Bought Deal Equity Financings with No Warrants $25,500,000 in Working Capital 4 Share Structure As of January 2011 Shares Issued: Fully Diluted: Working Capital: Cash: Marketable Securities: Receivables: Fully Diluted Working Capital: Debt: Warrants Outstanding: Options Outstanding: Insider Ownership: Institutional Ownership: 63,154,456 68,364,569 $25,500,000 $21,600,000 $2,900,000 $1,000,000 $36,650,000 None 534,557 @ $1.62 Expires July 29, 2012 200,556 @ $3.60 Expires November 16, 2012 4,475,000 at a weighted average of $2.13 5% 17% 5 Yukon Territory Over 100 Years of Mining History Pro-Exploration & Mining Jurisdiction – – – – – – Ranked 4th in the world by the Fraser Institute Yukon controls and administers its natural resources - Decisions are made by Yukoners Government actively promotes responsible mineral development Two new mines to open this fall (Wolverine and Alexco Keno Hill) Favourable tax and mining Incentives Mining laws with secure mineral tenure Accessible and Connected to the World – – – – Physical infrastructure includes over 4,800 km of all-weather roads International airport plus 10 community airports Direct access to Asia via two ice-free ports in Alaska, Yukon Broadband telecommunications network Settled Land Claims – 14 First Nations, 11 with Settled Land Claims including Coffee Resource Rich and Underexplored – – – – – Over 20 million ounces of recovered placer gold reported, production is ongoing Bedrock source for all placer gold remains a mystery Over 2,600 known mineral occurrences More than 80 deposits with established reserves New greenfields discoveries (Coffee, White Gold and Rau) 6 Kaminak’s Yukon White District Gold Projects Over 150,000 acres in the emerging White Gold District Dawson City Property Location, Accessibility and Infrastructure • West-central Yukon Territory • 120 kms south of Dawson City • Helicopter access from Dawson City • Airstrips nearby • Adjacent to the Yukon River • Commercial river barge access Primary Target: near surface, bulk tonnage gold deposit Golden Saddle Kaminak Kinross Coffee Project 30kms from Kinross/Underworld Resources White Project (1.3Moz Au) 7 Coffee Gold Project 8 How We Find Gold 2007 Soil Results and Land Position 9 How We Find Gold 2007 Soil Results and Land Position 10 How We Find Gold 2008 Soil Results and Land Position 11 How We Find Gold 2009 Soil Results and Land Position 12 How We Find Gold 2010 Soil Results and Land Position 15,164 Total Samples (971 > 25 ppb Au; 487 > 75 ppb Au) 13 Coffee Regional Geochem Americano Latte & Connector New Americano West Prospect Supremo Double Double Espresso Kona New Sugar Prospect 14 Coffee Mineralized Zones 8 Significant Gold Discoveries Drilled in 2010 Latte Extension Zone Latte North Zone Seventh Discovery: Nov. 18, 2010 3.0 g/t Au over 6m Sixth Discovery: Nov. 16, 2010 2.6 g/t Au over 13m Supremo Zone First Discovery: May 21, 2010 17.1 g/t Au over 15.5m Americano Zone Eighth Discovery Nov. 18, 2010 2.4 g/t over 18m Double Double Zone Third Discovery: Aug. 11, 2010 6.3 g/t Au over 35m Kona Zone Fourth Discovery: Oct. 12, 2010 2.2 g/t over 56.75m Latte Zone Second Discovery: June 7, 2010 1.08 g/t Au over 84m Connector Zone Fifth Discovery: Nov. 16, 2010 5.5 g/t Au over 11m 15 km Inset 15 Coffee Gold Project 15 km 16 Coffee Project – Soil Geochemistry Supremo Latte Extension Americano Mocha Latte North Java Arabica Espresso Kona Latte Connector Double Double Area Explored 15 km 17 Coffee Project – Ground Magnetics Supremo Latte Extension Americano Mocha Latte North Java Arabica Espresso Kona Latte Connector Double Double Area Explored Inferred Structure 15 km 18 Coffee Project – Geology Bt/Felds/Qtz Schist Mixed Gneiss Latte Extension Americano Supremo Mocha Latte North Java Arabica Espresso Kona Latte Connector Double Double Granite Area Explored 15 km 19 Supremo - Latte - Double Double Area Supremo Drill Highlights 17.1 g/t Au over 16m 3.3 g/t Au over 17 12.4 g/t Au over 14m 5.5 g/t Au over 9m 2.8 g/t Au over 7m 3.7 g/t Au over 16m 1.6 g/t Au over 11m Latte Highlights 1.1 g/t Au over 55m 1.9 g/t Au over 70m 1.3 g/t Au over 78m 1.4 g/t Au over 81m 1.8 g/t Au over 58m 1.1 g/t Au over 93m 5.5 g/t Au over 9m 8.2 g/t Au over 5m Latte North Highlights 2.4 g/t Au over 7m 2.6 g/t Au over 13m T2 T4 T3 T6 T7 Latte Extension 3 g/t Au over 6m Double Double Highlights Connector Highlights 6.3 g/t Au over 35m 15.9 g/t Au over 5m 5.5 g/t Au over 11m 3.2 g/t Au over 7m 20 Latte Gold Discovery Located 1km south of the Supremo Zone Every drill hole intersected wide intervals of gold mineralization 1.9 g/t Au over 70m 1.3 g/t Au over 78m 17 g/t Au over 1m 1.1 g/t Au over 84m 1.1 g/t Au over 55m 1.2 g/t Au over 8m Gold mineralization established over a minimum 600m strike length 1.3 g/t Au over 51m 1.1 g/t Au over 40m 0.7 g/t Au over 27m 3.7 g/t Au over 16m Latte Zone remains open in all directions Regional geophysical surveys trace the Latte structural zone for 10kms Potential to host near-surface, large, bulk-tonnage gold deposit 1.4 g/t Au over 81m 0.5 g/t Au over 17m 1.8 g/t Au over 58m 1.1 g/t Au over 93m 1.2 g/t Au over 24m 2.3 g/t Au over 2m 1 g/t Au over 19m 8.1 g/t Au over 2m 10.5 g/t Au over 1m 4.3 g/t Au over 2m 5.6 g/t Au over 9m 8.2 g/t Au over 5m 21 Latte Long Section 1.83 g/t /58m 2.4 g/t /51m 1.3 g/t /78m 17 g/t /1m 1.1 g/t /84m 1.1 g/t /55m 1.2 g/t /8m 1.3 g/t /51m 1.1 g/t /40m 0.7 g/t /27m 3.7 g/t /16m 5.6 g/t /9m 1.1 g/t /93m 1.4 g/t /81m 1.2 g/t /24m 1.0 g/t /19m 8.2 g/t /5m 8.1 g/t /2m 10.5 g/t /1m 4.3 g/t /2m 0.5 g/t /17m 2.3 g/t /2m 22 Mineralized Core Photos Latte Zone 23 Supremo Gold Discovery 5 Gold Discoveries on 5 Separate Structures • All are open at depth and along strike • Structures range from 550m wide and several hundred metres long • • 1.2 g/t Au over 51m 1.4 g/t Au over 22m 1.6 g/t Au over 11m 1.0 g/t Au over 11m 1.0 g/t Au over 10m 1.6 g/t Au over 7m 1.1 g/t Au over 7m Located within a 600m wide envelope T3 Trend – Mineralization established over a min. 550m strike length Supremo demonstrates the potential to host high-grade and bulk tonnage gold deposits 3.6 g/t Au over 7m 2.1 g/t Au over 14m 2.4 g/t Au over 19m 3.7 g/t Au over 16m 7 g/t Au over 2m T4 T2 17.1 g/t Au over 16m 3.3 g/t Au over 17 12.4 g/t Au over 14m 5.5 g/t Au over 9m 1.4 g/t Au over 6m 4.7 g/t Au over 4m T3 T6 T7 24 Mineralized Core Photos Supremo Zone 35.8 g/t Au 31.9 g/t Au 31.2 g/t Au 20.6 g/t Au 25 Double Double High-Grade Gold Discovery: • 6.3 g/t Au over 35m • 15.9 g/t Au over 5m Two separate and parallel zones of mineralization that remain open in all directions Gold-bearing rocks at Double Double closely resemble rocks from the nearby Supremo and Latte Zones 26 Double Double Cross Section 27 Kona – Americano – Espresso Zones CFD55 CFD63 CFD64 CFD56 [1.87 g/t Au over 13m] [0.92 g/t Au over 36m] [2.36 g/t Au over 18m] [1.55 g/t Au over 5m] Americano Link Structure CFD53 2.21 g/t Au over 56.75m 1.92 g/t Au over 23m CFD59 1.02 g/t Au over 20m 1.48 g/t Au over 7m Kona Espresso CFD70 1.36 g/t Au over 8m 28 Kona Zone Inferred mineralized zone 0.47g/t Au over 25m Granite; clay and limonite altered; mottle silica and local oxidized pyrite cubes; aphanitic dike uphole 1.05g/t Au over 18m 2.21g/t Au over 57m Kona 1.92g/t Au over 23m 29 2011 Coffee Exploration Program Details: • • • • • • Expected start date of April 15, 2011 Phase 1 Budgeted at $15,000,000 40,000 – 45,000m 4 drills (core and reverse circulation) 10,000 soil samples to be taken across the property Initial metallurgical work completed by Q1 of 2011 Objectives: • • • Expand the 8 significant gold zones discovered in 2010 Work towards compliant resources on priority zones Make new additional discoveries Ultimate Goal: Demonstrate Camp Scale Gold District is present at Coffee 30 The Kaminak Team Corporate Team Technical Team Rob Carpenter, Ph.D., P.Geo. President, CEO & Director Craig S. Finnigan, Ph.D., P.Geo Chief Geologist Tony Reda Vice President Corporate Development Alan J. Wainwright, Ph.D., P.Geo District Geologist Tim Smith, M.Sc. Vice President Exploration Adam Simmons, M.Sc. Senior Geologist Chris Twells, C.G.A CFO Erik Scheel, M.Sc. Project Geologist Selina Collins, BBA Corporate Secretary James Scott, M.Sc. Project Geologist Jeanne Liu Investor Relations Joe Currie, B.Sc. Geologist Tom Bokenfohr GIS Manager John Robins, P.Geo. Chairman & Director Chris Geary Field Manager Bruce McLeod, P.Eng Director (2010 addition to the Board) Jim Paterson Director Sean Mager, B.Com. Director John Williamson, P. Geol. Director 31 Analyst Coverage Fraser Mackenzie Limited • Michael Starogiannis, P.Eng., MBA, Mining Analyst Mackie Research Capital Corporation • Barry Allan, Senior Vice President and Director, Senior Analyst, Mining, Equity Research Paradigm Capital • • Jon Case, CFA, Analyst Don Maclean, Sr. Analyst 32 Contact Information KAM: TSX-V www.kaminak.com Tony Reda, Vice President Corporate Development Toll Free: 1-888-331-2269 Direct: 604-646-4534 Email: [email protected] 33