Vinata - Savant Explorations Ltd.
Transcription
Vinata - Savant Explorations Ltd.
Company Summary Capital structure highly levered to discovery Proven Successful Explorers focused on finding World Class Deposits Portfolio of quality projects Global experience and contacts Pragmatic approach to exploration Savant Highlights Potential to be the next Mag Silver play with large Mexican land package with compelling silver targets. Exclusive junior exploration play in Chile’s prolific Chuquicamata – Spence Mining district Management with successful track record including discovery of Spence Mine (200,000 tonne yearly copper production). Additional advanced projects in Canada and USA ready for farm out Capital Structure 25 million issued 26.5 million fully diluted Major share holders: – Selwyn Resources (33%) – Hudson Bay (5%) Management holds 7% of issued shares Highly levered to discovery Management Jack McClintock President – Former global exploration manager BHPB – Lead Team that discovered Spence Mine: Annual production 200,000 tonnes copper, NAV ~ US $900m – A main contributor to Rio Algom’s 4 cent per pound copper discovery cost – Winner of PDAC Prospector of the Year 1998 – Lead or prominent role in 3 other significant copper, gold or molybdenum discoveries Richard Cote – Former manager BHPB Chile – Prominent member of Rio Algom copper discovery team – Lead role in Antamina and Crandon resource expansion and feasibility Total metal content :6.5Mt Cu, 8Mt Zn, 50K Lbs Mo Directors – H. Meade, B. McKnight, E. Tweedie, R Simpson – Each over 30 years experience in the exploration business Catalyst for Growth Focused on projects attractive to Majors 1. Favourable District 2. Evidence for mineralized system 3. Under explored 4. Large land package 5. Reasonable exploration cost 6. Manageable political risk Yava Zn, Pb Cu, Ag, Au Blue Moon Zn, Cu, Ag, Au Vinata Ag, Pb, Zn (Cu,Au) Gabriela Actively Exploring Seeking Partner Cu Guyana Shield Andean porphyry and skarn belt Mexican carbonate replacement belt Known occurrences Geochem / geophysical anomalies Potential for a discovery Mexican Focus Large, high-margin Polymetallic Replacement Deposits (CRD) Target: Find another Sta Eulalia deposit 508 M ozs silver, 4.2 Mt lead, 3.7Mt Zinc Savant Vinata property totalling 8,900 hec. Evidence of concealed CRD deposits on all properties Catalyst: • Acquire Large Land package√ • Develop drill targets • Drill targets with partner’s money Savant’s Competitive Advantage in Mexico Understanding of the key attributes of world class carbonate replacement deposits as relates to their search and discovery Focused specifically on discovering buried and preserved sulphide systems associated with these large to very large polymetallic deposits The usage of cost effective early stage screening tools to identify high quality drill targets or allow for timely exist strategy Mexican Exploration Model Proximal pathfinders 0m Manto Ores:Pb,Ag,Zn, Sb, Sn, Mn Distal pathfinders Selective exploration for large, concealed carbonate hosted deposits Chimney Ores: Zn, Pb, Ag, Mn Skarn Ores:Au, Cu, Zn, Mo, Co, F, Bi, 1 km Search for high level seepage in volcanics & limestones indicator metals and MnOX in veins Strong clay alteration in volcanics Drill targets defined by ground magnetics & gravity Exhaust Plumes Vinata Property Vinata - Santa Eulalia Geological Comparison Vinata shows striking similarity to Santa Eulalia in geological setting, alteration and mineralized system Vinata Santa Eulalia Host rock for mineralization Cretaceous limestone capped by Tertiary volcanic rocks. Cretaceous Findlay and lower Benigno and Lagrima strata. Cap rock Complete Tertiary Dacite volcanic cover. Local Tertiary dacite cap rock cover. Alteration halo Argentiferous manganese oxide in structural zones in Tertiary dacite; extensive clay alteration in dacite. Extensive manganese alteration and local silicification in upper limestone; clay altered dacite with manganese alteration. Dimensions Manganese mineralization mined intermittently over a strike length of 3,000 metres and untested below 30 metres from surface. Ag-Pb-zinc mineralization in mantos, chimneys and skarn over a vertical height of 800 metres and more than 3,000 metres of horizontal length. Manganese Mineralization Vein and structurally controlled breccias; manganese oxide with silver. Mn and Fe oxide in Tertiary volcanic and Mn veinlets in upper limestone. Clay alteration in cap rock Very intense carbonate veinlets with anomalous Ag, Zn, Pb, As, Sb, V, and W. Pervasive clay alteration with anomalous Pb, Zn, As, and Sb. Comparison of size and intensity of alteration Vinata and Santa Eulalia Vinata Property Old Workings: MnOx/ Silver veins Sta Eulalia District 50Mt @ 315 gpt Ag, 8.5% Pb, 7.5% Zn, 0.3% Cu 10 km West Camp East Camp 10 km Mined Areas Altered Volcanics at Sta Eulalia MnOx/FeOx altered Volcanics Portillo Head Frame Potosi Head Frame Host Limestone FM MnOx/FeOx altered Volcanics Altered Volcanics at Vinata 100 metres distance from main manganese oxide vein system Comparison of clay alteration in volcanics at outcrop scale Strong Manganese Oxide veining Intense Clay alteration in Volcanics up to 300m from Headframe Sta Eulalia Vinata Intense Clay alteration in Volcanics Catalyst for Mexican Projects Phase I program develop drill targets: – Mapping and geochemical sampling – Dec 2008 (Completed –drill target confirmed) Phase II find partner to fund geophysical and drilling program (completed) – Option to Selwyn: Removes high share dilution while leaving Savant with 45% of the discovery. US $1.5 million in expenditures and Cnd $200k in payments by August 2012 Savant maintains 45% interest Phase III Drill Test – 3,000 m drilling - Q 3 or 4 2009 – Cost $450,000 Chile Copper Play Large land package in heart of Chile’s main porphyry copper District One quarter of property explored and two proven porphyry copper systems identified Only junior company with land and demonstrated mineralization in World’s Premier Porphyry copper district Management with experience and proven capability to find deposits in district Gabriela Property Catalysts •One of the few junior plays in the world’s premier copper district •5 mines producing 2.3 million tpy copper within 100 km of property •2008 drilling confirms deep copper porphyries beneath lithocap alteration. •Improving grades with depth •Only a fraction of the property tested •Excellent potential for multiple porphyry copper molybdenum deposits on property. •100% owned, holding cost < $35k per year. (Xstrata 50% earn back to north west sector of property) Large Untested Area with Potential for Additional Porphyry Bodies Area of Xstrata 50% earn back •Only 20% of property surveyed with IP •Two historic shallow holes with lithocap alteration Lithocap alteration YG 08- 36 274m -Chlorite altered andesite Lithocap •Hole lost before target reached •Grades improving with depth •1.5 by 1.5 km target with single hole Porphyry copper mineralization 643 m-Quartz vein with Cpy and Mo cutting ser altered P1 intrusion Catalysts for Building Value Complete IP coverage over remainder of the property in 2009. Cost $150k Delay drilling Pinchazo and Corobre until markets improve. Drilling Cost $1.8m – Additional holes in known zones – Test targets from planned IP survey JV Farm Out Opportunities Three projects with confirmed or historic resources in Canada and US – Yava project, Nunavut: Silver-rich VMS project with historic resource wide open with 15 additional untested conductors – Blue Moon deposit, California: precious metal rich VMS deposit with confirmed NI 43-101 resource – Tillex property, Ontario (Sold) Yava Project Catalysts 10 km south of Sabina Silver’s Hackett River silver rich polymetallic Deposit (47mt @4.37optAg, 4.67% Zn, 0.32% Cu, 0.68% Pb) 25 km of the least explored greenstone belt in Canada 15 untested conductors associated with mineralized outcrops Yava Zone: historic resource with grades similar to Hackett River deposit. Open on strike and to depth. 100% owned. Holding costs less than $6k per year. Yava mining lease portion subject to 10% NPI that can be purchased at any time for $1M Maximize Shareholder Value High cost of exploration: $2 million for 2,500m of drilling Find a Partner to move project forward – Drill test 15 identified conductors associated with gossans – Test Yava zone at depth and strike Blue Moon Verified N.I. 43-101 Resource Resource open at depth and to south Untested 800 ft coincident soil and IP anomalies Potential to double current resource Excellent metal recoveries Resources Indicated Resources Inferred Maximizing Shareholder Value Advanced Stage Project Project has significant value, but not in Savant Place in Private Company or IPO – Single purpose company – American based team with history of permitting in US. – Golden Queen Resources model Address: Suite 700 – 509 Richards Street Vancouver, BC Canada, V6B 2Z6 Investor Communications: President Jack McClintock Telephone: 604.801.7240 Ext. 2242 Website: ww.SavantExplorations.com Email: [email protected] Jack McClintock , P.Eng is the Qualified Person responsible for the contents of this presentation These forward-looking statements are based upon the reasonable beliefs of Savant and its management; however, forward-looking statements involve risks and uncertainties and are based upon factors that may change and assumptions that may prove, with the passage of time, to be incorrect as a result of exploration and other risk factors associated with mineral exploration and development that are beyond the control of Savant. Accordingly, undue reliance should not be placed upon such statements. If factors materially change or assumptions are materially incorrect, the actual results, performance or achievements of Savant may be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Savant does not undertake any obligation to update or revise any forward-looking statements to reflect new information, future events or otherwise, except as required by applicable law.