Forward Looking Statement - Opus One Resources · • WinWin(100%) • 3,068 hectares • Cash...

Forward Looking Statement

This presentation contains certain “forward-looking statements”, including, but not limitedto, statements regarding the Company’s strategic plans, timetables, the evolution ofmineral reserves and resources, mine operating costs, capital expenditures, workprograms, development plans, exploration programs, objectives, budgets and the possibledetermination of additional reserves. Forward looking statements express, at this date,the Company’s plans, estimates, forecasts, projections, expectations or beliefs as tofuture events and results. Forward-looking statements involve a number of risks anduncertainties, and there can be no assurance that such statements will prove to beaccurate. Therefore, actual results and future events could differ materially from thoseanticipated in such statements. Risks and uncertainties that could cause results or futureevents to differ materially from current expectations expressed or implied by the forward-looking statements include, but are not limited to, factors associated with fluctuations inthe market price of metals, mining industry risks, exploration risks, environmental risksand hazards, uncertainty as to calculation of mineral reserves, requirement of additionalfinancing or additional permits, authorizations or licenses, and risks of delays inconstruction and production.

2

• Highly experienced management and exploration team

• Extensive portfolio of high quality exploration properties located inQuebec, Canada (total of 21,948 hectares)

• All properties strategically located in proven prospective gold districts

• All properties easily accessible by good roads

• Low cost exploration due to easy access to projects

• 6 properties qualify to Quebec’s Plan North program

3

• New trenching program on the Grizzly property; Kellar area reportedsignificant results in Vein no 3. Other trenching program on Grizzly (Kill andvein no 2) exposed quartz veins but failed to return significant gold values.

• Following prospection work, a new trenching program on the Fecteauproperty delineated a new EW trending gold bearing quartz vein (1 to 2mthick) within a shear zone.

• 4 new areas of mechanical stripping on the WinWin property; resultsrecently released (Jan. 17th 2018).

• 35 Km of IP survey over Fecteau and WinWin properties.

• Winter drilling program; 2,944m of diamond drilling (14 holes) over 4properties with some significant intercepts.

• Non-stop exploration activity since July 2016.

5

• 6 diamond drill holes totaling 1,347m were completed last winter onpreviously defined high priority targets; only best ‘visual’ intervals wereassayed; most significant assays remain open.

• VZ-01= Targeting AGE 2016 IP survey anomaly in the Eastern part ofVezza North property of the property; NSV

• VZ-02= Follow up 50m below Hecla West showing• VZ-03= Follow up below Serem East showing;• historical intercept of 11,0 g/t over 4.0m.• VZ-04= 50m below Vezza A West showing reporting 6.9 g/t over 7.0m• VZ-05= 250m West of VZ-04 in un-tested area• VZ-06= Targeting AGE 2016 IP survey anomaly West part of Vezza Ext;

NSV• Claims are in good standing until 2020.

7

VZ-03 VZ-02

VZ-01

VZ-06

VZ-05 VZ-04

8

• 2 diamond drill holes totaling 416m were completed on the Eastern andWestern flanks of a small alcaline intrusion in order to validate thepresence of gold bearing quartz-carbonates structures in association withIP anomalies. No significant results were obtained, but interesting contextfor polymetallic VMS or Cu-Au-Mo porphyry type deposit must beevaluated for this project.

• Claims are in good standing until 2020.

10

BX-01

BX-02

12

• 17.5Km of IP survey completed during last winter over the central portionof the property defined a series of sub-parallel, NNE trending anomalies, asimilar trend is observed at the Monster Lake mineralized zone locateddirectly South of WinWin.

• 6 diamond drill holes (1,180m) were completed in March-April over themost promising IP anomalies.

• Best results were obtained in the Dominion Golf #1 area in hole #7 with anintercept of 0,9 g/t over 1,1m within a 1,1m thick quartz vein.

• Mechanical stripping, channel sampling, mapping and droning completedlast summer over the following showing: Fangold DG-50, Ray Zone andDG-2. Assay results recently released (Jan 17th, 2018).

• Next phase of exploration to be announced soon. 400-500m drill program.

14

2017 trenching

2017 trenching

15

RAY ZONE AREA 2017 CHANNEL SAMPLING RESULTS

Sample Number Channel Length_m Au g/t Description

1479877 R‐1 0,80 0,22 Basalt, dk green aph, mod Fol, wk Cb, Tr Py





1479883 R‐1 0,47 16,22 Basalt plus 10cm with several centimetric qtz veinlets


1479885 R‐2 0,83 0,02 Basalt, dk green, fg, ~10% diss Py

1479886 R‐2 0,87 0,05 Basalt, dk green, fg, ~10% diss Py

1479887 R‐3 0,37 27,36 Basalt plus 10cm qtz vein with VG



1479890 R‐4 0,33 50,95 Basalt plus 10cm qtz vein with VG

1479891 R‐5 0,49 6,07 Basalt plus 15cm qtz vein

1479892 R‐5 0,56 0,09 Basalt, dk green aph, stg Fol, wk Cb, Tr Py

1479893 R‐5 0,52 0,68 Basalt with dark smokey Qtz Vein



1479896 R‐5 0,77 0,07 50‐50% Basalt & Chlorite Schist

1479897 R‐5 0,91 0,00 Chlorite Schist


19

• 17.5Km of IP survey completed last winter over the central portion of theproperty detected a series of sub-parallel, EW trending anomalies.

• 3 trenches completed in 2017 over sub-cropping areas previously unveiledby prospection. Best results came from a 38 metre long area of mechanicalstripping in the SW portion of the property exposing a new EW trendingmineralized zone (1-2m thick quartz vein with sulfides) hosted in an alteredand sheared quartz porphyry intrusion. See next slides for results.

• Extensive geophysical compilation and re-interpretation is in progress andplanned to be completed soon.

• 1200-1500m drilling program is planned for 2018. Follow up drilling aroundnew gold showings and on high priority targets generated by thegeophysical compilation.

21

Fecteau

22

WinWin Project

Opus One Res.

23

2017 trenching

24

Channel No Au grade g/t Lenght (m) Lithology

03 1.84 1.35 Quartz vein and stockwork

05 2.32 0.91 Quartz Stockwork





11 7.09 0.50 Quartz vein

28

• 100m+ long of mechanical trenching over Vein No 3 in the Kellar area withsystematic channel sampling returning significant values.

• Limited drilling program is planned for 2018 (800-1000m).

32

No of the Channel Sample Grade g/t (Au) Length (m) Extent of the

channel

02 5,21 0,43 Full

09 4,39 0,84 Full

19 12,48 0,24 Full

26 6,34 0,78 Full

32 4,24 0,62 Partial

34 5,59 1,36 Partial

37

100mVein 1

Vein 3

Vein 2

38

• 243ddh ± 23km of drill core; some drill core may be located on the property- TBV• Metallurgical testing from 1,3t of core sample was completed by Placer Dome in

1991 reporting an average grade of 0,78g/t and total recovery of 96,6%. Initial coresampling reported a composite grade of 0,68 g/t. The final average graderepresent a 15% upgrade compared to initial assay results. Silver gradeunreported, but usually 3:1 ratio with gold.

• Gold mineralization is mostly present in EW trending Granodiorite sills altered inSi-He-Py exhibiting NS tension fracturing with Qtz-carb-Py filling; Qtz veinscontain most of the gold but background values inside the granodiorite sill itselfaverage 0,2 g/t .

• Before 1990, it was interpreted that the mineralization was parallel to stratigraphy,ie EW.

• Mechanical stripping done in 1990-1991 demonstrated that the gold was hosted by±North-South striking quartz-carbonate-pyrite veins. This means that 95% of totaldrilling was done in the wrong direction. Less than 10 holes were drilled to test NSveins and, of that total, only 4 tested the granodiorite.

• The density of veining within the granodiorite sill may be sufficient to make itpossible the mining of the entire granodiorite (1-2 g/t Au or more). Best example inthe area is the Béliveau Mine (now owned by AGE) where 1,8Mt grading 3,2 g/twas mined between 1989 and 1992; The mine consisted of a 10m large by 300mlong by 300m deep NS dioritic dyke cut by EW striking gold bearing quartz veins.The entire dyke was bulk mined.

If the model is validated, a minimum of 2MT grading 1.5 g/t to 2.0 g/t Au couldpotentially be defined. Good if the gold price is high ($1,500 US/oz)

40

• Vezza Properties (100%)• 6,167 hectares• 2% NSR to Probe, 1% can be bought back for $1,000,000

• Bachelor Extension (100%)• 2,404 hectares• 2% NSR to Probe, 1% can be bought back for $1,000,000

• Fecteau (100%)• 5,022 hectares • Cash payments, four-year period totaling $355,000• Initial payment of $25,000; and• Exploration expenditures of $1,200,000 over a four-year period

41

• WinWin (100%) • 3,068 hectares• Cash payments over a four-year period totaling $500,000

including an initial payment of $35,000; and• Exploration expenditures totaling $2,000,000 over a four-year

period.

• Grizzly (100%)• 7,779 hectares• Cash payments, four-year period totaling $400,000• Initial payment of $30,000; and• Exploration expenditures of$1,500,000 over a four-year period

• Courville (90%)• 576 hectares• The vendor retains a 1.5% NSR.• Wealth Mineral Res. has earned a 10% interest. The Company

retains a 1.5% NSR42

• Symbol: TSX-V: OOR

• Legal Advisor: Fasken Martineau

• Transfer Agent: Computershare Investor Services

• CUSIP Number: 684007

• Outstanding Shares: 63,354,373

• Warrants: 19,558,000

• Options: 1,435,000

• Fully diluted: 84,347,373

43

Contacts OOR

Louis MorinChief Operating Officer & Director

Tel.: (514) [email protected]

Mike KinleyPresident & Chief Financial Officer

Tel.: (902) 826-1579Fax.: (902) 826-2550

[email protected]

Address OOR

4710 St-Ambroise St.Suite 308

Montreal, Quebec,Canada, H4C 2C7

Stock Symbol: TSX-V: OORWebsite:

www.OpusOneResources.com

44

Forward Looking Statement - Opus One Resources · • WinWin(100%) • 3,068 hectares • Cash...

Documents

Transcript of Forward Looking Statement - Opus One Resources · • WinWin(100%) • 3,068 hectares • Cash...