MORSAS PROJECT - Revelo Resources Corp.

BUILDING A LAND PLAY
FOCUSED ON CHILE
Copper, Gold and Silver
MORSAS PROJECT
NORTHERN CHILE
PRESENTATION
April 2016
CAUTIONARY
STATEMENTS
Certain statements contained in the following presentation constitute
forward-looking statements. Such forward looking statements involve a
number of 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 such forward-looking
statements. Readers are cautioned not to place undue reliance on these
forward-looking statements.
Dr. Demetrius Pohl, PhD., Certified Professional Geoscientist (CPG), an
independent consultant, is the Company’s Qualified Person for the
purposes of National Instrument 43-101 Standards of Disclosures for
Mineral Projects of the Canadian Securities Administrators, and is
responsible for the accuracy of, and has verified, the technical
information in this presentation and has approved its written disclosure.
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Corporate Summary
350,000 Ha of 100% owned land
PORTFOLIO
21 projects prospective for copper, gold and silver
>US$100M spend by previous owners in exploration
Chile - One of the world's top mining jurisdictions
BUSINESS
MODEL
GOAL
Consolidate wholly-owned land in Chile (3 acquisitions + 1 merger)
Advance portfolio through in-house cost-effective exploration
Secure Option & JV partners to advance and fund exploration
Discovery focused with cash & royalty payments to sustain
business in the long term
Conserve capital, limit share dilution, multiply chances of discovery
KEY
FINANCIALS
Stock Price C$0.07 (April 2016)
Shares Outstanding 100M - Market Cap C$7M (April 2016)
Cash Position C$2.6M (Oct 31, 2015)
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Morsas - Shear-Zone Gold
ABOUT
THE
PROJECT
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Morsas - Shear-Zone Gold
Large property: > 30,000 Ha
100% owned
Small 3rd party mining claims
on some portions to southwest
Underlying 2% NSR royalty on
precious metals production + 1% NSR
royalty on base metals production
ABOUT
THE
PROJECT
Buy-back of 50% of royalty for
C$5M any time up to 5 years
from start of production
Located close to the Pan American Highway,
with very easy project access
Centred 55 km SW of the mining town of
Copiapo, and along trend and 45 km SW of
Lundin’s Candelaria Cu-Au-Fe mine
Property consists of a series of flat
“pampas” and small, rounded hills with
some of the geology obscured by thin
desert soils and colluvial deposits
Low altitudes generally < 300m
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Morsas - Shear-Zone Gold
Located along the Coastal mineral belt of
northern Chile
A proven and productive mineral belt
REGIONAL
SETTING 1
Mesozoic and older rocks, including
important Jurassic and Cretaceous aged
volcanic and sedimentary sequences,
together with batholithic and sub-volcanic
porphyritic rocks, are host to IOCG, manto,
skarn, porphyry copper, and gold-rich shearzone deposits
Morsas is located close to and along trend
from one of the largest IOCG deposits in the
world (Candelaria - Lundin) and several
other important deposits including:
Los Colorados (CAP) - Fe
Boqueron Chañar (CAP) - Fe
Castilla (Pucobre) - Cu
Multiple small workings for Au, Cu, Fe
Morsas is principally prospective for shearzone hosted gold deposits
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Morsas - Shear-Zone Gold
Major structural belts are key controls on
important mineral districts
The Coastal Cordillera is characterized by
extensive arc-parallel shear zones and
brittle faults, dominated by the Atacama
fault zone in northern Chile
REGIONAL
SETTING 2
Such structures were active during Late
Jurassic to Late Cretaceous arc magmatism,
controlled basin development, and had a
strong controlling influence on the
distribution of IOCG and other ore deposits
IOCG mineralization styles include veins,
hydrothermal breccias, replacement
mantos, and calcic skarns, with the larger
deposits generally exhibiting several of
these in combination.
Crucially, ductile shear zones along key
segments of the Atacama Fault System are
mineralised with gold and have formed
important gold-producing districts in the
past - as at Morsas
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Morsas - Work To Date & Database
Morsas is an early stage exploration project
Geochemistry
Rock chip geochemistry (only minor sampling to date - no measured samples)
Further detailed sampling recommended - including old workings
Soil geochemistry and trenching (none to date)
Profiles along strike extensions of the shear zone recommended
WORK TO
DATE
Geophysics
Airborne magnetics - Sernageomin - Chilean geological survey public data
Further, more detailed ground geophysical profiles recommended
DATABASE
FROM BLC
& REVELO
Preliminary reporting - Internal reports
Could be drill ready in 3 - 6 months after aggressive sampling program
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Morsas - Geology
GEOLOGY
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Morsas - Geology
The Morsas project area is underlain by
La Negra (Upper Jurassic) and Punta del
Cobre (Lower Cretaceous) volcanosedimentary formations, which are the
favourable host rocks for the principal
IOCG deposits in the region
These formations are intruded by
Cretaceous plutonic rocks of the Coastal
Batholith
GEOLOGY
The central portion of the main
tenement block at Morsas is intruded by
a large, elongate (NE-SW) batholithic
intrusion of granodioritic to dioritic
composition (Coastal Batholith)
The regional strike is approximately NESW, and the NW margins of the pluton
are characterised by NE-SW trending
fault splays of the Atacama Fault zone,
including auriferous ductile shear zones,
as evidenced on airborne magnetics data
and outcrops, including old workings
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Morsas - Geology
GEOLOGY
* Geology from Sernageomin - Chilean State Geological Survey
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Morsas - Geology
Area of Shear Zone
Castilla (Cu)
GEOLOGY
Boqueron
Chañar (Fe)
Los Colorados
(Fe)
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Morsas - Satellite Imagery
SATELLITE
IMAGERY
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Morsas - Satellite Imagery
Northern portions of
Revelo’s Morsas Project
Pan-American
Highway
GOOGLE
EARTH
IMAGE
Castilla (Pucobre) - Cu
Abandoned mine
workings
N
5 Km
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Morsas - Satellite Imagery
Northern portions of
Revelo’s Morsas Project
Key Splays of the
Atacama Fault Zone
Pan-American
Highway
GOOGLE
EARTH
IMAGE
Area of Next Slide
Castilla (Pucobre) - Cu
Abandoned mine
workings
N
5 Km
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Morsas - Satellite Imagery
500m
GOOGLE
EARTH
IMAGE
Abandoned mine workings developed along
auriferous shear zones along major splays of
the Atacama Fault Zone
Possible en-echelon arrays of structures
Small, 3rd-Party historic mining claims over
old workings
N
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Morsas - Geochemistry
GEOCHEM’
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Morsas - Geochemistry
Northern portions of
Revelo’s Morsas Project
Key Splays of the
Atacama Fault Zone
Pan-American
Highway
GOOGLE
EARTH
IMAGE
Area of Next Slide
Castilla (Pucobre) - Cu
Abandoned mine
workings
N
5 Km
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Morsas - Rock Geochemistry
Rock-chip sampling - in total
Revelo - 16 samples
BLC - 105 samples
Revelo sampling:
Range - below detection to 18.25 g/t Au
GEOCHEM’
Average - 2.02 g/t Au
BLC Sampling:
Range - below detection to 10.9 g/t Au
Average - 1.14 g/t Au
Sporadic anomalies in other elements
from ICP multi-element analyses
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Morsas - Rock Geochemistry
Rock-chip sampling - in total
Revelo - 16 samples
BLC - 105 samples
Revelo sampling:
Range - below detection to 18.25 g/t Au
GEOCHEM’
Average - 2.02 g/t Au
Significant structural
extensions under shallow
cover with minor,
sporadic outcrops of
shear-zone continuations
BLC Sampling:
Range - below detection to 10.9 g/t Au
Average - 1.14 g/t Au
Sporadic anomalies in other elements
from ICP multi-element analyses
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Morsas - Rock Geochemistry
Rock-chip sampling - in total
Revelo - 16 samples
BLC - 105 samples
Revelo sampling:
Range - below detection to 18.25 g/t Au
GEOCHEM’
Average - 2.02 g/t Au
Significant structural
extensions under shallow
cover with minor,
sporadic outcrops of
shear-zone continuations
BLC Sampling:
Range - below detection to 10.9 g/t Au
Average - 1.14 g/t Au
Sporadic anomalies in other elements
from ICP multi-element analyses
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Morsas - Rock Geochemistry
Small, 3rd-Party
historic mining
claims over old
workings
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Morsas - Geochemistry
Northern portions of
Revelo’s Morsas Project
Key Splays of the
Atacama Fault Zone
Pan-American
Highway
GOOGLE
EARTH
IMAGE
Area of Next Slide
Castilla (Pucobre) - Cu
Abandoned mine
workings
N
5 Km
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Morsas - Rock Geochemistry
Rock-chip sampling - in total
Revelo - 16 samples
BLC - 105 samples
Revelo sampling:
Range - below detection to 18.25 g/t Au
GEOCHEM’
Average - 2.02 g/t Au
BLC Sampling:
Range - below detection to 10.9 g/t Au
Average - 1.14 g/t Au
Sporadic anomalies in other elements
from ICP multi-element analyses
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Morsas - Rock Geochemistry
Significant structural
extensions under
shallow cover with
minor, sporadic
outcrops of shearzone continuations
Rock-chip sampling - in total
Revelo - 16 samples
BLC - 105 samples
Other mineralised
structures of interest
Revelo sampling:
Range - below detection to 18.25 g/t Au
GEOCHEM’
Average - 2.02 g/t Au
BLC Sampling:
Range - below detection to 10.9 g/t Au
Average - 1.14 g/t Au
Sporadic anomalies in other elements
from ICP multi-element analyses
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Morsas - Rock Geochemistry
Significant structural
extensions under
shallow cover with
minor, sporadic
outcrops of shearzone continuations
Rock-chip sampling - in total
Revelo - 16 samples
BLC - 105 samples
Other mineralised
structures of interest
Revelo sampling:
Range - below detection to 18.25 g/t Au
GEOCHEM’
Average - 2.02 g/t Au
BLC Sampling:
Range - below detection to 10.9 g/t Au
Average - 1.14 g/t Au
Sporadic anomalies in other elements
from ICP multi-element analyses
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Morsas - Geochemistry
Northern portions of
Revelo’s Morsas Project
Significant strike
extensions of
Atacama Fault splay,
with potential for
mineralised shears
under shallow cover
(~ 12Km on RVL
property)
GOOGLE
EARTH
IMAGE
Other splays and
structural extensions
yet to be explored
N
5 Km
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Morsas - Geophysics
GEOPHYS’
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Morsas - Geophysics
Sernageomin* Airborne Magnetics
GEOPHYS’
Analytic Signal - Upward
Continued
* Sernageomin - Chilean State Geological Survey
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Morsas - Geophysics
Area of Shear Zone
Sernageomin Airborne Magnetics
GEOPHYS’
Analytic Signal - Upward
Continued
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Morsas - Geophysics
GEOPHYS’
Sernageomin* Geology
* Sernageomin - Chilean State Geological Survey
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Morsas - Geophysics
Area of Shear Zone
GEOPHYS’
Sernageomin Geology
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Morsas - Geophysics
Sernageomin Airborne Magnetics
GEOPHYS’
Reduced to Pole - Upward
Continued
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Morsas - Geophysics
Area of Shear Zone
Sernageomin Airborne Magnetics
GEOPHYS’
Reduced to Pole - Upward
Continued
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Morsas - Photos
Views of area
showing principal
abandoned gold
workings
developed along
sub-vertical to
steeply dipping
shear zones
PHOTOS
Principal area of
workings is
developed over a
strike length of
> 1 km, on at least
2 and possibly 3
separate shears
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Morsas - Photos
Largest workings are towards the SW end of the prospective
fault and shear zone on the Revelo property
PHOTOS
Small, 3rd-Party
historic mining
claims over old
workings
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Morsas - Photos
Detail of shear zone - typically 1m - 2m wide
PHOTOS
Typical abandoned working on sub-vertical shear zone
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Morsas - Photos
Detail of steeply dipping shear zone
PHOTOS
Shear zone steeply dipping to SE
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Morsas - Photos
Sporadic small
workings along the
strike extensions
of the shear zone
to the NE of the
principal workings
Under shallow
cover
PHOTOS
Overall strike
extent of principal
shear zone
structure on
Revelo property is
up to 12 km, with
largest workings
developed at SW
end
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Morsas - Shear-Zone / Orogenic Gold Model
GEOLOGIC
MODEL
From Goldfarb et al 2005
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CORPORATE
DIRECTORY
CORPORATE OFFICE:
Suite 501 – 543 Granville
Vancouver BC, V6C 1X8, Canada
T: +1 604 687-5544
CHILE OFFICE:
Don Carlos 2939 Oficina 1010
Las Condes, Santiago
7550171, Chile
T: +56 2 2232-7125
INQUIRES:
Chiara Orrigoni - IR Manager
T: +1 604 687-5544
[email protected]
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