ECOORO CorporatePresentation October2015-(10-06 … ·...
Transcript of ECOORO CorporatePresentation October2015-(10-06 … ·...
2ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this presentation are "forward-looking" within the meaning of Canadian securities legislation. They include statements about potenti al impact of the Santur bán Páramoand Santurbán Regi onal Park, es timated miner al resources, proposed strategies and processes . Forward-looking statements are necessarily based upon the current belief, opinions andexpectations of management that, while considered reasonable by the Company, are inherently subject to significant busi ness, economic, competitive, political and soci al uncertai nties and
other conti ngencies . Shoul d management's assumption that that resources below the Santurbán Páramo and Santurbán Regional Park are accessibl e for development and extr action proveincorrect, potential development of the mineral resources would be materially affected. Many factors coul d cause the Company's actual results to dif fer materially from those expressed or
implied in the forward-looking s tatements. These factors include, among others, areas excluded from mining activities, environmental and other r egulatory requirements, conclusions orrealization of mineral resources , the actual results of exploration ac tivities, possi ble variations in ore grade or recovery rates, fluctuati ons in the price of gold and silver, risks relating to
additional funding requirements, political and forei gn risks, produc tion risks, environmental liability, government regul ation as well as other risk factors set out under the heading "Risk Fac tors"in the Annual Information Form datedMarch 26, 2015, which is available on SEDAR at www.sedar.com. Investors are cautioned not to put undue reliance on forward-looking statements dueto the inherent uncertainty therein.
CAUTIONARY NOTE TO U.S. READERS CONCERNING ESTIMATES OF MEASURED AND INDICATED RESOURCES
Information concerning the properties and operati ons of Eco Oro has been pr epared i n accordance with Canadian standar ds under applicable Canadian securities laws, and may not becomparable to similar information for United States companies. The terms “mineral resource”, “measured mineral resource” and “indicated mineral resource” used i n this presentation ar e
Canadian mining terms as defined in accordance with NI 43-101 under guidelines set out in the Canadi an Institute of Mining, Metallurgy and Petroleum (“CIM”) Standards on MineralResources and Miner al Reserves adopted by the CIM Council on December 11, 2005. While the terms “mineral resource”, “measured mineral resource” and “indicated mineral r esource” ar e
recognized and required by Canadian regulati ons, they are not defined terms under standards of the United States Securities and Exchange Commission. Under United States standards ,mineralization may not be classified as a “reserve” unless the determination has been made that the mineralization could be economically and l egally produced or extrac ted at the time thereserve calculati on is made. As such, certain information contai ned in this presentation concerni ng descriptions of mineralizati on and resources under Canadi an s tandards is not comparable to
similar information made public by United States compani es subject to the reporti ng and disclosure requirements of the Unites States Securities and Exchange Commission. Readers ar ecautioned not to assume that all or any part of measured or indicated resources will ever be converted into mineral reserves.
STATEMENT REGARDING TECHNICAL INFORMATION
Themineral resources in this presentati on were estimated usi ng the Canadian Institute of Mini ng, Metallurgy and Petr oleum (CIM) Standards on Mineral Resources and Reserves, DefinitionsandGuidelines prepared by the CIM Standing Committee on Reserve Defi nitions . Mineral resources which ar e not mineral reserves do not have demons trated economic viability. The estimate
of miner al resources may bematerially affected by environmental, permitting, legal, title, taxati on, sociopolitical, marketing, or other relevant issues . The quantity and grade of r eported Inferredresources in this es timation are uncertai n in nature and there has been insufficient explorati on to define these Inferred resources as an Indicated or Measured mineral resource and it isuncertain if further expl oration will result in upgrading them to an Indicated or Measured mineral r esource category. Callum Grant, P. Eng., a consultant to Eco Oro and a qualified person as
that term is defined in National Instrument 43-101, has reviewed and approved the technical information contained in this presentation.
IMPORTANT NOTICE
3ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
CAPITAL STRUCTURE
Fully Diluted
Shares Outstanding
Warrants Outstanding
Stock Options Outstanding
102,332,306
95,513,473
63,500
6,755,333
Top Institutional Shareholders
§ Amber Capital§ Paulson & Co.§ International Finance Corporation, a member of the World Bank Group
Note: As at October 6, 2015
4ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
EOM MANAGEMENT & TECHNICAL ADVISORS
Anna Stylianides - CEO§ Over 20 years in global capital markets§ Previous Corporate Law - Webber Wentzel Attorneys, South Africa + Extensive Investment Banking Experience
Investec Bank Limited§ Previous Director & CEO of Surgical Spaces Inc. (sold in 2011)§ Director of Callinan Royalties (sold in 2015)§ Director of Altius Minerals, Entrée Gold & Fraser Institute
Management
Paul Robertson – Chief Financial Officer§ Chartered Accountant with extensive experience in the mining sector§ Over 16 years of accounting, auditing, and tax experience including working with Ernst & Young from
1999 to 2005§ Managing partner of Quantum Advisory Partners LLP, a firm dedicated to assisting publicly listed companies with their financial
reporting, taxation and regulatory requirements
James Atherton – Corporate Secretary§ Member of the Law Society of British Columbia§ Over 12 years experience in corporate/commercial law with an emphasis on securities law, most recently with Bull,
Housser & Tupper LLP
Mark Moseley-Williams – President & COO§ BSc. In Mining Engineering from Colorado School or Mines and an MBA, Cranfield School of Management, UK§ Over 20 years experience in mine construction, expansion projects and operations in North, Central and
South America§ Previous President & COO (2011-2015), and Sr. VP Operations (2010-2011) at Continental Gold§ Previous VP of Project Development at Fortuna Silver Mines (2007-2009) § Previous Operations Manager at Agnico-Eagle Pinos Altos Mine in Chihuahua, Mexico
5ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
EOM MANAGEMENT & TECHNICAL ADVISORS
Technical Advisors
Stuart Smith – Metallurgical Engineer§ 30 years experience working predominantly in the primary gold processing sector§ Involved in the development, design, optimization, review or operation of over different 50 gold projects in some 25
countries§ Previous Minproc Engineers (now AMEC) and Ausenco§ Currently Tech. Director for Rosia Montana Gold Corporation, Tech. Manager for Minera IRL, Tech. Director for Metifex,
Advisory Metallurgist Sandspring Resources & West African Resources
Callum Grant P.Eng. – Geologist & Mining Engineer§ Broad technical background from exploration to production, with significant experience in resource development and mine
operations in Latin America§ Previous Senior positions with international operating and engineering companies in North and South America§ Currently an independent consulting engineer focused on gold projects in Argentina, Brazil and Colombia
6ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
EOM BOARD OF DIRECTORS
Anna Stylianides - Co-Chairman & CEO§ Over 20 years in global capital markets§ Previous Corporate Law - Webber Wentzel Attorneys,
South Africa + Extensive Investment Banking Experience Investec Bank Limited
§ Previous Director & CEO of Surgical Spaces Inc.(sold in 2011)
§ Member of the Board for Altius Minerals & Fraser Institute
Board of Directors
Juan Esteban Orduz - Co-Chairman§ Extensive experience with sustainable mining issues and
corporate reorganization§ 1997 because Legal Vice-President of the Cemex Group
in Colombia§ Currently CEO of Colombian Coffee Federation, Inc.§ Member of the Board of Cementos Diamante SA and
Cementos Samper SA
Eduardo Jaramillo – Director§ Previous Andean Region Director of SCR Sibelco
Held multiple positions within Dow Chemical (2001-2009)§ Member of the Board of several for profit and non-profit
organizations in Colombia
Hubert R. Marleau – Director§ Co-Founder Palos Management§ Previous Nesbitt Thomson Inc., Levesque
Beaubien Inc. and Marleau, Lemire Inc.
Jean-Sebastien Blanchette – Director§ 9 years Research Analyst at Amber Capital§ Previous Senior Analyst at Libra Advisors, Risk
Arbitrage Group at Natexis Banques Populaires
John Hayes – Director§ 17 Years of geological experience§ Extensive experience in capital markets § Managing Director & Mining Analyst at BMO
Capital Markets (until April 2014)§ Founder TerraStrat Consulting providing strategic
mining advisory services
7ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
ECO ORO MINERALS CORP. (EOM)Company Overview
Overview
§ Currently focused on wholly-owned AngosturaUnderground Gold Silver Project in the Department ofSantander in north-eastern Colombia.
§ Angostura Project consists of the main Angostura depositand five satellite prospects: Móngora, Agua Limpia, LaPlata, Armenia and Violetal.
§ EOM has concession contracts, exploration licensesand exploitation licenses covering approximately 30,000ha in the Departments of Santander and Norte de Santander,Colombia.
§ By means of Resolution 592 of the ANM (National MiningAgency), the Angostura Project was declared a project ofnational interest. This means that all authorities involved inmoving the project forward will be aligned and under themandate of the country’s Vice President. EOM was one offour gold mining companies holding mining titles declared tobe of national interest.
8ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
ECO ORO MINERALS CORP. (EOM)Company Overview
Current Highlights
§ December 2014 - the Ministry of Environment and Sustainable Development officially issued the boundaries of the Santurbán Páramo. The Resolution provides that within the Santurbán Páramo there are certain areas where mining can take place ("Mining Permitted Restoration Areas"), subject to stricter environmental controls.
§ June 8, 2015 - Updated mineral resource estimate prepared by Micon International Limited
§ 2015 - EOM assessing how the Angostura Project will be developed, including assessment of various techno-economic parameters such as cut-off grade, production rates, mining and metallurgical approaches, access to adjacent and at depth resources and the overall infrastructure layout.
2015 Mineral Resource Estimate for Angostura Depositabove a 2.5 g/t gold cut off
Resource Category Tonnage(Mt)
Au(g/t)
Ag(g/t)
Contained
Au (Moz)
Contained
Ag (Moz)
Measured 3.56 4.55 28.7 0.52 3.28
Indicated 11.50 4.57 16.5 1.69 6.08
M&I 15.06 4.57 19.3 2.21 9.36
Inferred 6.85 4.70 19.0 1.03 4.19*The updated mineral estimate was prepared by Thomas C. Stubens, P. Eng., a senior geologist with Micon International Limited. The effective date of this updated mineral resource estimate is June 1, 2015. See news release dated June 8, 2015, and Technical Report dated July 17, 2015 entitled “Technical Report on the Updated Mineral Resource Estimate for the Angostura Gold-Silver Deposit, Santander Department, Columbia”.
10ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
NEARBY EXPLORATION TARGETS
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3120
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Cañada Zeppelin
Quebrada
Barrientos
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Quebrada Tiguerín
QuebradaAserradero
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Quebrada San Lino
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a Her
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uebrada San Andres
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QuebradaChorrerón
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uebr
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Legend
Angostura Deposit Polygon
Mineralized Structural Trends
Au Soil Anomalies
Anomalies (ppb)
0,1-3,9
4-10
11-49
50-99
100-149
150-249
>250
Eco Oro Mineral Tenures
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13921
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101-68
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AUX and other owners
Roads and Pathways
Type
XY XY XY XY XY XY XY XY XY Road
Pathway
Violetal Sur
TigueriVioletal Norte
La CatalinaMóngora
Agua Limpia
La Plata
Angostura In-Fill (underground)
Angostura at Depth
§ High value targets available for additional development
§ Large exploration holdings§ Regional soil anomalies remain
largely untested§ High-grade underground project
potential
11ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
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eb
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An
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Quebra
da H
oyahondas
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enaderos
Quebra
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as A
nim
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rote
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err
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an
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aA
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ostu
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Tunel
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Armenia
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de Barro
Tunel La
Perezosa
Campamento
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Angosturas
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Campamento
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MONGORA
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Laches
Aserradero
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Legend
Æ Mining works
Angostura Deposit Polygon
Mineralized Structural Trends
Eco Oro Mineral Tenures
6979
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101-68
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AUX and other owners
Roads and Pathways
Type
XY XY XY XY XY XY XY XY XY
Road
Pathway
Angostura In-Fill
(underground)
Angostura at Depth
La Armenia
Cristo Rey
Los Laches
La Bodega
La Mascota
ANGOSTURA LICENSE
12ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
ANGOSTURA PROJECT DEPOSIT
§ The Angostura gold and silver deposit may be characterized as a structurally controlled high-sulphidation epithermal gold deposit.
§ Mineralization is controlled by a series of structures with generally NE-SW, EW to E-NE-W-SWand NW-SE trends and commonly steep dips. The intensity of fracturing controls the density ofmineralization, with the known presence of high grade ore shoots.
§ Gold-silver mineralization occurs principally with pyrite in bands, veinlets, stringers,hydrothermal breccias or stockworks composed predominantly of quartz, pyrite and aluniteentirely replacing the primary host rock.
§ Mineralized structures vary in width from less than 2 m for individual veins to over 40 m forcomposite structures (mineralized corridors), and strike lengths range from less than 50 m toover 1 km.
§ More than 190 individual mineralized structures (veins and corridors) have been identified todate by means of surface mapping, mapping of underground workings, and interpretation ofdrillhole data.
Geology
13ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
ANGOSTURA PROJECT DEPOSIT
Mineralized corridors cut different lithological domains: gneisses, and igneous rocks of monzoniticand tonalitic compositions, with fault-fill veins and stockworks preferentially hosted by the intensely altered gneiss.
Geology
14ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
ANGOSTURA PROJECT DEPOSITFinal Report iC consulenten ZT GmbH Structural Geology and Tectonics of the Angostura Project Area 23.05.2005
stage 2 veinlet
stage 3 vein-breccia
stage 3 veinlet
stage 1 fault
a) b)
c) d)
stage 3 vein
stage 5 veinlets
stage 3 vein
stage 4 vein/fault
Figure 9: Photographs of outcrops showing cross cutting relationships of individual structures; a) stage 1-pre-mineral fault cross cut by stage 3-veinlet (point 46; Tunnel Peresoza II); b) stage 2-veinlet cross cut and displaced by stage 3-vein/breccia (point 21; stope at Tunnel El Naranjo; width of major vein approx. 1.5 m); c) low angle vein of stage 4 cross cutting, but not displacing stage 3-vein (point 22; at geothermal hot spring); d) breccia-vein of stage 3 crosscut, but not displaced by stage 5 veinlets (point 75; Tunnel Cincho II).
7.4.2 Veins and faults at Cristo Rey and Veta de Barro
The area of Cristo Rey is located to the south of a (N)E trending fault, which marks the northern limit of the known mineralization. Characterization of structures:
x� Mineralized structures predominantly trend WNW and dip steeply to the NNE; E-W and ENE-WSW strikes are less common (Fig.10).
x� Striation on vein planes is subhorizontal indicating right-lateral movements. x� The angle between the main bounding fault to the north and the
mineralized structure is about 45°.
Revision: 0 Page 17
Gold is found in a variety of structurally-hosted high grade ore shoots located in the intersection between quartz veins and faults, and stockworkdomains preferentially hosted by the intensely altered gneiss.
Geology
Final Report iC consulenten ZT GmbH Structural Geology and Tectonics of the Angostura Project Area 23.05.2005
stage 2 veinlet
stage 3 vein-breccia
stage 3 veinlet
stage 1 fault
a) b)
c) d)
stage 3 vein
stage 5 veinlets
stage 3 vein
stage 4 vein/fault
Figure 9: Photographs of outcrops showing cross cutting relationships of individual structures; a) stage 1-pre-mineral fault cross cut by stage 3-veinlet (point 46; Tunnel Peresoza II); b) stage 2-veinlet cross cut and displaced by stage 3-vein/breccia (point 21; stope at Tunnel El Naranjo; width of major vein approx. 1.5 m); c) low angle vein of stage 4 cross cutting, but not displacing stage 3-vein (point 22; at geothermal hot spring); d) breccia-vein of stage 3 crosscut, but not displaced by stage 5 veinlets (point 75; Tunnel Cincho II).
7.4.2 Veins and faults at Cristo Rey and Veta de Barro
The area of Cristo Rey is located to the south of a (N)E trending fault, which marks the northern limit of the known mineralization. Characterization of structures:
x� Mineralized structures predominantly trend WNW and dip steeply to the NNE; E-W and ENE-WSW strikes are less common (Fig.10).
x� Striation on vein planes is subhorizontal indicating right-lateral movements. x� The angle between the main bounding fault to the north and the
mineralized structure is about 45°.
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Vein – fault intersection
Vein – vein intersection
Vein – fault intersection
Stockwork
15ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
ANGOSTURA PROJECT DEPOSIT
8,4 meters (From 379,9 To 388,3) of mineralized gneiss@ 11,59 gr/ton Au and 47,08 gr/ton Ag
Geology
16ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
ANGOSTURA PROJECT DEPOSIT
Geology
Gold is related to a High Sulfidation Epithermal Deposit, and is associated with Silver and locally Copper.
Los Laches represents the shallower zone of the hydrothermal mineralized system.
Porphyry mineralization at Angostura isn’t outcropping.
The mineralized system is open at depth.
*Ages obtained by Ar39/Ar40dating method
17ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
UPDATED MINERAL RESOURCE ESTIMATE
2015 Mineral Resource Estimate for Angostura Depositabove a 2.5 g/t gold cut off
Resource Category Tonnage(Mt)
Au(g/t)
Ag(g/t)
ContainedAu (Moz)
ContainedAg (Moz)
Measured 3.56 4.55 28.7 0.52 3.28
Indicated 11.50 4.57 16.5 1.69 6.08
M&I 15.06 4.57 19.3 2.21 9.36
Inferred 6.85 4.70 19.0 1.03 4.19
*The updated mineral estimate was prepared by Thomas C. Stubens, P. Eng., a senior geologist with Micon International Limited. The effective date of this updated mineral resource estimate is June 1, 2015. See news release dated June 8, 2015, and Technical Report dated July 17, 2015 entitled “Technical Report on the Updated Mineral Resource Estimate for the Angostura Gold-Silver Deposit, Santander Department, Columbia”.
18ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
N
ResourcesDistribution @ M&I Upper 5 g/t Au
Perezosa Tunnel2850 masl
200 m
3D View of M&I Au Grade Distr ibution inMICON Model
19ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
WE Long Section across Shoot 114D is tr ibution o f Au Grade in MICON Mode l
W E
113,260 TonnesAvg 5.13 g/t Au @ 18,680 Oz Au Blocks 5x5x5Shoot 114
50 m
2850 masl
20ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
CategoryMicon 2015
WE Long Section across Shoot 114Block Ca tegories in MICON Mode l
21ECO ORO MINERALS CORP. TSX:EOM CORPORATE PRESENTATION OCTOBER 2015
NESWAu Grade g/tMicon 2015
SW-NE Long Section along Central Mineralized TrendD is tr ibution o f Au Grade in MICON Mode l