Mike Porphyry Cu, New Raven+ Aumax Au Projects, BC · AMAX: Mapping, magnetic & IP surveys on BR 15...
Transcript of Mike Porphyry Cu, New Raven+ Aumax Au Projects, BC · AMAX: Mapping, magnetic & IP surveys on BR 15...
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Mike Porphyry Cu, New Raven+ Aumax Au Projects, BC
June 2017
TSX.V: CRV | Frankfurt: CF
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Cautionary Disclaimer
This presentation may contain statements that constitute “forward-looking information” for the purposes of
Canadian securities laws. Such statements are based on Cresval’s (“CRV” or “CRV’s”) current expectations, estimates,
forecasts and projections. Such forward-looking information includes statements regarding (CRV’s) outlook for future
operations, plans and timing for exploration activities, and other expectations, intentions and plans that are not
historical fact. The words “estimates”, “projects”, “expects”, “intends”, “believes”, “plans”, “will”, “may”, or their
negatives or other comparable words and phrases are intended to identify forward-looking information. Such
forward-looking information is based on certain factors and assumptions and is subject to risks, uncertainties and
other factors that could cause actual results to differ materially from future results expressed or implied by such
forward-looking information. Important factors that could cause actual results to differ materially from (CRV’s)
expectations include uncertainties relating to interpretation of drill results and geology, additional drilling results,
continuity and grade of deposits, participation in joint ventures, reliance on other companies as operators,
fluctuations in metals prices and currency exchange rates, changes in environmental and other laws affecting
exploration and mining, and other risks and uncertainties disclosed in CRV’s Annual Information Form and other
filings with the applicable Canadian securities commissions on SEDAR. Many of these factors are beyond the control
of CRV. Consequently, all forward-looking information contained in this news release is qualified by this cautionary
statement and there can be no assurance that actual results or developments anticipated by CRV will be realized. For
the reasons set forth above, investors should not place undue reliance on such forward-looking information. Except
as required by applicable law, CRV disclaims any intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events or otherwise.
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Overview: Reasons to Own Cresval
Top quality copper and gold targets in southwest BC.
Mike: prime underexplored (11,000+ hectare) land package in emerging copper porphyry district with 5 showings of porphyry Cu style mineralization
Adjoining IKE discovery by HDI/Amarc
Two gold targets, Raven and Aumax with potential ore grades at surface
Low market cap with small float
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Amarc1 Cresval2 Carube3
Shares Issued 141,424,061 23,273,231 69,888,433
Market Cap $ 1,131,300 $ 930,900 $ 6,180,000
Fully Diluted 146,979,616 27,050,731 88,082,640
Best Leverage
1 From Interim Financials dated Sept 30, 2016; market cap as of Jan 17, 2017 2 As of January 17, 2017 3 From Annual Financials dated Aug 31, 2016; market cap as of Jan 17, 2017
Peer Group Comparison: Capitalization
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SW corner of BC’s Mining Industry
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MIKE: In An Emerging New Porphyry District
PORPHYRY COPPER STYLE MINERALIZATION DISCOVERED AROUND MARGINS OF 16 SQ KM INTRUSION ADJACENT TO IKE
“This isn’t just one deposit, it’s a whole entire district that’s going to come to the fore, and it doesn’t get any better…”
Robert Dickinson
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GOLD BRIDGE
BRALORNE
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Identified porphyry copper mineralization showings lie mostly peripheral to pluton and on edge of basalt caps hiding extensions.
Work program to vector into likely high grade target areas.
Five Key Showings to Date:
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Bridge River Pluton
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Outlined larger areas of porphyry copper potential that incorporate known geochemical targets and mineralization. Key showings on the MIKE Project correspond to larger zones of elevated potassium over thorium ratios – interpreted as potassic alteration, which is generally coincident with porphyry copper style mineralization.
Airborne Geophysical Survey 2016
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3.26% Cu/9.1m
0.44% Cu/24.5m
View looking northerly towards IKE
• Open 400 by 350m Cu ±Au soil anomaly • Cu mineralization over a 1 km by 400m area • 1.53% Cu, 0.20% Mo, 9.2 g/t Au, 52.3 g/t Ag from 350m long zone west of grid • Additional Cu mineralization 1 km to NW - 0.69% Cu, 14.1 g/t Ag
Windy Copper Showing
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Nichol
Nichol Showing
Interval Cu Grade %
Ag Grade g/t
Au Grade g/t
Mo Grade %
1.0 metres T 4.37 32.8 0.16 0.015
0.6 metres T 8.91 33.1 0.043
8.5 metres* DD 3.50 34.3 0.079
Historical Trench re-sampling (T) & Drilling (DD) Highlights:
IKE
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Near water, road, valley access (view looking easterly)
*Limited and incomplete sampling. Historical references at end of presentation
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Russnor Showing
Interval Cu Grade Location
60.0 m 0.57% Canyon
30.5 m 1.38% Adit
16.2 m 1.00% Canyon
Russnor Historic Sampling Highlights:
Interval Cu Grade
36.6 metres 0.300%
48.0 metres 0.091%
26.5 metres 0.300%
Russnor Historic Drill Highlights:
613m/5 holes by PD, 51.2/2 holes by TCML and rest by New Jersey Zinc (no data). CRV in 2011 11
Adit 2.96% Cu /9.1m from here
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BR Showing
BR Showing
1.7 km x 0.5 km zone along cliffs
Interval Cu Grade
17 metres .14%
Historical Trenching Highlights:
Interval Cu Grade
9 metres .134%
Historical Drilling Highlights:
Canex drilling 590m/4 holes
IP suggests extension under basalt cap 12
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Copper Plateau Showing
Mineralization extends significantly into
plateau area
Interval Cu Grade
99.1 metres .051%
Incl. 65.5 metres .149%
2011 Drilling Highlights:
Interval Cu Grade
205.75 metres .033%
Incl. 87.5 m .060%
2011 Drilling Highlights:
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Copper Plateau Showing
450 by 550m Cu soil anomaly, open to S & E
(max. 4120 ppm Cu, 75 ppb Au, 457 ppm Mo). Amenable to open pit mining.
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Bulk-mineable, copper ± molybdenum ± gold ± silver porphyry deposit.
The Target
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Explored by Majors Since 1930
1928-30 Discovery of Cu mineralization at Nichol & Russnor
1929-36 COMINCO: underground development and hand trenching on Russnor & Nichol, with 1.1% Cu/12.2m true width in Russnor adit and 0.57% Cu over 60m from chip sampling the canyon exposure; 2.8% Cu/4.5m on Nichol from trenching. Discovery of Showing #3, 3.26% Cu/9.1m
1955 NORANDA: 1.1% Cu/26.2m in Russnor adit
1961-63 PHELPS DODGE: 613m in 5 DDH on Russnor in 1961, mineralization in 4/5 holes, 0.3% Cu over 36.6m Discovery and hand trenching of BR, 0.57%Cu/7.6m in 1961 Mapping, magnetic and soil surveys on Nichol
1969 TCML: 51.2m diamond drilling in 2 holes on Russnor; entire holes ran 0.3% Cu/26.5m & 0.14% Cu/23.9m
1970-71 CANEX: 590m in 4 90º BQ DDH on BR with 0.134% Cu/9m but no other results reported. Cerro:. Limited mapping & soils on Russnor, 915 ppm Cu, 47 Mo TCML: 1.38 % Cu over 33m from Russnor adit (Elwell, 1970)
1979-81 Polischuk and Goldbridge: 30.5m in 2 DDH, 3.5% Cu, 0.08% Mo/3m, limited sampling on Nichol 381m in 8 BQ DDH, 0.97% Cu/3m. AMAX: Mapping, magnetic & IP surveys on BR
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New Raven Property, Gold 2.7 km trend of Au mineralization Diamond drilling, 481m in 10 holes: 5.8 g/t Au over 2.8m, 8.87 g/t Au over 2.4m, inc 15.64 g/t over 1.2m 15.64 g/t Au over 1.5m Au
Aumax Property, Gold, Silver 2 zones Lower: open 600m by 100-300m zone Trenching: 5.3 g/t Au, 583.6 g/t Ag/ 0.8m Upper: open 450 by 100m zone Trenching 1.0 g/t Au, 10.5 g/t Ag / 3m
Historical placer gold production downstream of the property.
CRV’s Other BC Projects
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Exciting, high-grade gold target in southwest B.C.
New Raven Project: Location
Bralorne Gold Mine, 45 km
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New Raven Claims: History
• Claims staked in 1990 after road building uncovered float assaying 12.2 grams Au/tonne (0.356 oz Au/ton).
• Trenching from 1990-1992 identified five gold showings with excellent potential to host a vein gold deposit.
• Diamond drilling of 481m in 10 holes in 1991 returned potential ore grades 5.8 g/t Au over 2.8m and 15.64 over 1.5m Au.
• Acquisition by Cresval in 2008
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New Raven Claims: Mineralization
• Six strong gold showings covering 600m by 150m area.
• Similar to Bralorne-Pioneer Mine 45 km to NW, (produced 12.6 mt of 9.3 g/t gold).
pyritic
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Maximum values in 2008 from Discovery Zone of 12,109 and 44.41 g/t Au.
• Zone is open along strike to the north and south
• Check samples collected in 2008 to verify work completed by previous operators graded 9.36 g/t Au over 1m and;
• 16.75 g/t Au from the C zone and 12.13 g/t Au over 0.3m and 7.35 g/t Au over 1.2m from the D zone
New Raven Claims: Latest Work
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Planned exploration program
• Detailed prospecting & mapping (< 1% of property has been mapped and sampled)
• Trenching to uncover strike extent of veins
• Diamond drilling
New Raven Claims: 2017 Exploration
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Aumax Property
• Approximately 985 hectares between Cayoosh and Phair Creeks in the Lillooet Mining Division
• Accessible from Lillooet, 16 km NE via logging roads from Highway 99 south
• Cayoosh Creek has a history of limited placer gold production starting in the 1860‘s . Some immediately downstream.
• Explored by trenching.
• Two zones: Upper, 5.3 g/t Au, 583 g/t Ag over 0.8m; Lower, 1 g/t Au, 10 g/t Ag over 3m
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Lee Ann Wolfin, President President of CRV since 2006. Has funded and managed reconnaissance and drill programs. Non-practicing lawyer in both California and British Columbia. Bachelor of Arts degree from the University of British Columbia and a Juris Doctor from Southwestern University of Law, California, 1984. Former Director of Avino Silver & Gold Mines Ltd.
David Wolfin, Director Over 30 years’ experience in mining and finance. CEO, President and Director of Avino Silver & Gold Mines, Bralorne Gold Mines Ltd. ( a subsidiary of Avino Silver & Gold Mines), President and Director Coral Gold Resources Ltd., Director of Berkley Renewables, President and Director Gray Rock Resources Ltd and former Director of Levon Resources. In his various roles with these companies within the Oniva Mining Group, he has helped raise over C$100 million.
Management & Directors
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Management & Directors
Bruno Barde, MSc, BSc, PGeo, Director Provides Cresval with extensive mineral exploration experience, both domestic and international. Has managed large mineral exploration programs in North America, South America and Europe. Previously held senior positions with Placer Dome Inc. and, more recently, served as Regional Chief Geologist for Alamos Gold Corp.
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Key Advisors
Jean Pautler, Cresval Geologist
Yukon Prospector of the Year 2010
Independent Geologist since 2001
Major company experience includes Teck Exploration and Kerr Addison Mines
Graduate of Laurentian University, Honors B.Sc in geology
35 years experience in North American Cordillera Jean Pautler manages exploration of Cresval’s projects.
Andrew Kaplan, Advisor
Founder of A to B Capital Management, and manages the A to B Capital Special Situations Fund, LP which was launched January 1, 2009. The fund invests in the small cap sector through private, pre-public and publicly traded companies.
Vice President of Barry Kaplan Associates ("BKA") for the past 16 years, a leading financial public relations firm for both public and private companies in the US, Canada and abroad.
Capital Markets Strategist for Avino Silver & Gold Mines.
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23,273,231 shares issued & outstanding
877,500 options outstanding
3,180,000 warrants outstanding
Fully Diluted 27,330,731
Stock Info – Low Market Cap
An Oniva International associated company 26
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President: Lee Ann Wolfin 604.913.7788
Head Office: Suite 900, 570 Granville Street Vancouver, BC V6C 3P1 604.682.3701
Shares Traded: TSX.V – Symbol CRV Frankfurt Exchange – Symbol CFV
www.cresval.com
Corporate Information
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APPENDIX
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Formed Cresval in 2001 to explore and develop precious metals properties in North America.
Began in the 1950s as a stockbroker, built his own firm and helped mining companies raise millions of dollars.
Began building his own mining companies in the 60s which are part of the Oniva Group of Companies that include:
Avino Silver & Gold Mines operated the Avino Mine for 27 years, producing silver, gold, copper and lead. Re-opened in June of 2011.
Levon Resources: was developing massive porphyry copper project in Mexico.
Coral Gold Resources: exploring/developing Robertson Project adjoining Barrick’s Pipeline Gold Mine; negotiated joint ventures on the property with Amax Gold, Placer Dome, Barrick Gold.
Bralorne Gold Mines: historic mine recently went back into operation.
Louis Wolfin near Gold Bridge, BC.
Founder Profile: Louis Wolfin
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Name Million T Cu % Mo % Au g/t Ag g/t
Red ChrisA 288 0.37 - 0.28 -
New ProsperityB 831 0.23 - 0.41 -
Mt. PolleyC 87 0.29 - 0.30 0.4
MorrisonD 267 0.35 0.005 0.17 -
Mt. MilliganE 478 0.20 - 0.39 -
AjaxF 512 0.31 - 0.19 -
Copper MountainG 233 0.36 - 0.09 1.3
Gibralter (GDP3)H 752 0.30 0.008 - -
Highland ValleyI 663 0.29 0.008 - -
HuckleberryC 40 0.34 - - -
1. Resources estimated at 0.20% Cu cutoff. Resources include Measured and Indicated only. A – I: For information sources refer to reference page in Appendix
RESOURCES AND RESERVES AT SELECTED MINES AND PROJECTS1
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Airborne geophysical survey
• High resolution, magnetic & radiometric • E-W lines at 100m spacing • Approximately 1,149 line km
COMPLETED NOVEMBER 2015
2015 Program at Mike Project
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CRV’s MIKE Project – Acquired in 2007
OWNED 100%, NO ROYALTIES. 11,127 HECTARES (27,500 ACRES)
Approx: 235 km by road from Vancouver 175 km by road from Lillooet 50 km by road from Goldbridge
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> MIKE PROJECT
COPPER PLATEAU
DRILL, TRENCH & SOIL PLAN
JP Exploration Services Inc. April 28, 2012 >
>
0-99
in ppm
DDH71-4
DDH71-1
DDH71-3
BASALT
BASALT
QUARTZ MONZONITE
QUARTZ MONZONITE
DDH71-2
QM Bx
QUARTZ MONZONITE
QUARTZ MONZONITE
ABBREVIATIONS
OVB overburden
BAS basalt
LT latite dyke/sill
FEL felsic dyke
REG regolith
QM quartz monzonite
QM Bx quartz
monzonite breccia
FEL
LT
0.053%Cu/85.6m
incl. 0.09/36.6
0.033%Cu/205.75m
incl. 0.06/87.5
0.051%Cu/99.1m
incl. 0.15/12.2
0.043%Cu/68.95m
incl. 0.11/15m
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N
MIKE PROJECT
RUSSNOR DRILL PLAN
JP Exploration Services Inc. July 17, 2012
4800’ 4900’
ADIT 1.38% Cu/30.5m
Elwell, 1970
470000m
E
470400m
E
5640000mN
100m
69-2: 0.14% Cu/23.9m
69-1: 0.30% Cu/26.5m
OVB overburden
B basalt
AND andesite
LT latite dyke
FEL felsic dyke
REG regolith
AP aplite
QM granite
QM Bx granite breccia
0.10% Cu/3.05m
near bottom
-45
-45
-60
-90
-48
-45
-50
-51
-50
-51
63.7 m
188.67 m
280.4m
163.2 m
142.5 m
82.3m
73.5 m
151.5 m adit
LEGEND
quartz vein
5639800mN 0.043%Cu/189m
incl. 0.10/18m
0.03%Cu/36.6m
incl. 0.51/15.24
0.074%Cu/69.3m
incl. 0.09/48m