SAVANT LAKE gold project - New Dimension Resources
Transcription
SAVANT LAKE gold project - New Dimension Resources
SAVANT LAKE GOLD PROJECT OCTOBER 2016 WWW.NEWDIMENSIONRESOURCES.COM FORWARD LOOKING STATEMENTS This document may contain "forward-looking statements" within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this document and New Dimension does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements relate to future events or future performance and reflect New Dimension management’s expectations or beliefs regarding future events and include, but are not limited to, statements with respect to the ability to raise funds and the availability of funds, future plans for exploration and development, including the obtaining of necessary permits, the potential of New Dimension’s properties to contain mineralization, whether or not at economically interesting grades, the timing of exploration and development work and the ability of New Dimension to attract other mining companies to enter into a joint venture or acquire one or more of New Dimension’s properties. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", 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" or the negative of these terms or comparable terminology. By their very nature forwardlooking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of New Dimension 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 exploration activities; general economic conditions and the availability of investment funds, changes in project parameters as plans continue to be refined; fluctuations in prices of minerals and in exchange rates; variations in grade; regulatory and political risk, environmental risks, accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; the absence of potential joint venture partners or acquirers of New Dimension’s properties; as well as those factors detailed from time to time in New Dimension’s interim and annual financial statements and management's discussion and analysis of those statements, all of which are filed and available for review on SEDAR at www.sedar.com. Although New Dimension has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. 2 WHY NEW DIMENSION RESOURCES? Acquisition of Savant Lake gold project in Ontario Streamlined corporate structure (only 14.5M shares) with a cash position of $648K Low market capitalization ($1.4M) Experienced Ontario focused exploration team Continued acquisition philosophy 3 SAVANT LAKE GOLD PROJECT Project focused on classic iron formation hosted gold systems with significant potential for discovery 240 km northwest of Thunder Bay, Ontario, accessible by all weather highway and close to railway line Multiple > 30 g/t gold showings Last explored during the mid-1980’s Option to earn 100% interest by paying vendors $100K and issuing 600K shares over 4 years VTEM airborne geophysical program (925 line kilometres) recently completed over the property 4 SAVANT LAKE GOLD PROJECT LOCATION MAP Property recently expanded to 102 contiguous staked claims (1,174 units) covering 187.8 square kms Claim block expanded to cover airborne geophysical anomalies outside of original claim block New Claims are subject to the original terms of Savant Lake Option Agreement 5 SAVANT LAKE GOLD PROJECT HIGHLIGHTS Seven known gold showings on the Property Recent prospecting from 57 surface samples yielded values ranging up to 138.8 g/t gold; highlights include: 138.87 g/t gold @ Horseshoe Showing ― 35 samples over 1.0 g/t gold; and ― 11 samples over 20.0 g/t gold 40.8 g/t gold @ One Pine Showing 6 SAVANT LAKE GOLD PROJECT GEOLOGY WITH HISTORIC SAMPLING 7 SAVANT LAKE GOLD PROJECT IRON FORMATION SIGNIFICANCE Interpretive cumulative strike length of 60 km of prospective iron formation – majority does not outcrop and never tested Magnetic surveys confirm strong folding of the iron formations creating multiple fold hinges favorable for deposit formation Savant Lake analogs include: − Goldcorp’s Musselwhite Mine in Ontario: and − Agnico Eagle’s Meadowbank Mine and the recently discovered Amaruq deposit in Nunavut Modern VTEM survey recently completed on property to delineate sulfide rich zones and prioritize targets for drilling – data interpreting in process with results pending 8 SAVANT LAKE GOLD PROJECT Comparison map (at scale) showing Goldcorp’s Musselwhite Mine land position and iron formation versus the Savant Lake Project. 9 SAVANT LAKE GOLD PROJECT SUMMARY Good access and topography No exploration or drilling conducted on the property since the mid1980’s Iron formation hosted gold occurrences with seven showings on the property 90% of the interpreted iron formation trend never tested Modern airborne geophysical survey conducted over project to rapidly delineate targets for future drilling Excellent exploration potential 10 COMPANY OVERVIEW Solid Corporate Structure Experienced Exploration Team Committed Growth Philosophy Focused on quality acquisitions in politically stable environments 11 DIRECTORS & OFFICERS Fred Hewett, P. Eng. President , CEO, Director Former President & CEO of Int. Northair Mines 40+ years in mineral exploration & production Extensive experience managing Junior Companies Tom Burkhart, P. Geo. Director VP Exploration for Argonaut Gold 30+ years in senior exploration and project management including several years of international experience James Dawson, P. Eng. Director Director of Kivalliq Energy and Wealth Minerals Minefinders director for 16yrs until PAA purchase for $1.5B Participated in discoveries in BC, Arizona, Mexico and Argentina Scott Heffernan, P. Geo. Director Executive VP Exploration for Luna Gold 20+ years hands-on exploration and management experience in North America, South America and West Africa Wayne Johnstone, CPA, CA CFO Brenda Nowak Corporate Secretary Former CFO of Creston Moly & Int. Northair Mines 30+ years in mineral exploration financing Corp. Sec. to several companies on the TSX .V Exchange 20+ years of experience in securities legal industry 12 CAPITAL STRUCTURE TSX.V: NDR (as of May 31, 2016) Shares Issued: 14,519,634 Fully Diluted: 19,531,280 Options Outstanding: 1,154,634 Warrants Outstanding: 1,352,500 @ $0.15 to May 15/17 2,398,222 @ $0.20 to May 11/19 Working Capital: $0.602 million Share price: $0.10 (Oct. 8/16) Year High – Low: $0.035 to $0.19 Market Capitalization: $1.451million (Oct. 8/16) 13 CONTACT INFORMATION Suite 960 - 789 West Pender Street Vancouver BC, Canada V6C 1H2 Phone: Fax: 604-563-4807 604-336-4813 Email: [email protected] Website: www.newdimensionresources.com 14