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May, 2014

May, 2014. DISCLAIMER

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May, 2014

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  1. May, 2014

  2. DISCLAIMER During the course of this presentation, Strike Minerals Inc. may make forward-looking statements with regard to the Company’s projects and or business plans. Statements may also be made with regard to the company’s business strategy, partners, and market position which could be construed as forward-looking. Forward-looking statements are subject to risks and uncertainties that could cause results to be materially different than expectations. Any statement regarding the potential quantity of mineralization is conceptual in nature, as there may have been insufficient exploration to define a mineral resource on the properties. It is uncertain if further exploration will result in discovery of a mineral resource on the properties. Strike Minerals Inc. seeks safe harbour.

  3. Edwards Project Current Requirements The Company is seeking a maximum $9.0 million financing facility to place the mine in production although $5-$6 million would be sufficient to start generating cash flow within 4 – 6 months:

  4. Edwards Project Goudreau - Lochalsh Gold Belt PAST PRODUCER PRODIGY MAGINO PROJECT EDWARDS MINE ISLAND GOLD MINE EAGLE RIVER GOLD MINE

  5. Edwards Property Historical Operations • Production 1996 - 2001 • Produced 144,000+ oz Au from underground mining operations on three zones with an average mill head grade of 0.325 oz/ ton gold • Ceased mining in 2001 due to low gold price • Lower zones within the Carbonate and Porphyry veins were developed but not mined. • Strike subsequently completed 41,000+ ft of diamond drilling delineating: • New North zones (I & II) • Plowman zones (1,2,3) • Cross Cut Advance: • Approximately 87.5m on the 60m level and 30.7m on the 90m level. Rusty Weathered Zone has been intercepted on the 60m level.

  6. Edwards Property Current Status • Property permitted for mining • Mine under current suspension due to cash availability • Strike has dewatered to below 120m level (305m is the sump level) • Completed all surface facilities to support underground operations • Access to adequate power for production • Adjacent to Richmont’s Island Gold facility • Strike has developed two zones ready for mining • 23.3m on Edwards # 1 vein (25.45 g/t) • 24m on Edwards #5 vein (15.14 g/t) • Surface stockpile: • High grade – 1100 tonnes grading 13 g/t • Low grade – 1800 tonnes grading 2 gpt

  7. Edwards Property Permitting

  8. Edwards Property Historical Mining HISTORICAL UNDERGROUND DEVELOPMENT Ramp Shayne Zone Porphyry Zone Carbonate Zone

  9. Edwards Property PROJECTION OF NEW ZONES Plowman 1, 2 & 3 Zones Historical Mining Zone New North l & 2 Zones

  10. Edwards Property Potential Resources Inferred Resource Inventory (Non – 43-101)

  11. Edwards Property Initial Mining Edwards #1

  12. Edwards Property Edwards Vein #1 23.3 m length averaging 25.45 gpt over 1.5 m mining width

  13. Edwards Vein #5 Edwards Property Edwards Vein #5 24.0 m length averaging 15.14 gpt over 1.5 m mining width

  14. Edwards Property Potential • High grade zones at depth confirmed by drilling • Additional tonnage from existing zones; • Potential for new zones on property • Mineralization left in old mine zones • Possibe acquisition of the Cline Property in future: • Potential to double the resource • Development access to Cline is through Edwards

  15. Edwards Property Exploration Other Drilling: • 2010 drilling: A sulphide-rich quartz vein was encountered at vertical depth of 220 feet with Visible Gold returning a grade of 21.86 g/ton Au over 0.91 metres (0.641 oz/ton over 3.0’) and stringers within a Felsic Intrusive vertical depth of 260 feet returned a grade of 6.56 g/ton Au over 1.52 metres (0.191 oz/ton over 5.0’) • This intercept indicates the continuity of an east-west trending shear/alteration zone with gold mineralization over some 2,500 feet from the Edwards property through the Cline property and on to the Pele Mountain gold property • Hole 88-11 on the Edwards Mine property has intersected a siliceous section with quartz veining that assayed 40.0 g/ton over 0.66 metres (1.326 oz/ton over 2.0 feet) in a zone located near the North boundary of the claims. Additional follow up is required. Hole 88-11 Cline Property 2010 Drilling Edwards Mine

  16. Edwards Project APPENDIX Strategic Plan and Objectives • The current goal is to have the Edwards in initial production based on the following milestones : • Dewatering completed (286 m level) • Continue drifting on the 60m level and the 90 metre level to crosscut the New North 1 & 2, Edwards #1, #2, #3, and Rusty Weathered zones • Conduct initial mining on the Edwards #1 and #5 zones • Continue development of zones at depth • Negotiate a custom milling contract with a nearby producing Gold project • Possibility of acquisition of the Cline property and buy back royalty in future

  17. Edwards Project APPENDIX Milling Option • There are two main milling options: external or internal. • External: • There are two mills in the area that can be used; the Westdome mill (distance 100km) and the Richmont mill (6km). Expected cost for processing is about $30/tonne and trucking costs of $8-$14/tonne • Internal: • A complete 300 tpd mill with cost approximately $3-$4 million. Requires full permitting due to tailings pond. Could take about 1.5 years. Recovery expected to be 95%. • OR • Initial installation of a Nelson Concentrator at a cost of approximately $0.8million-$1.5millon. The Nelson Concentrator is designed to recover coarse gold. Tailings will be drained of water with the water recirculated. Recovery expected to be 85%. The tailings will be stored on site and processed once complete mill is operating. Operating costs are expected to be around $16/tonne

  18. Capital Structure STK – TSX.V

  19. Contact Information STK – TSX.V KERRY D. SMITH T: 416-573-0840 Kerry.Smith@strikeminerals.com hmzkerryd@rogers.blackberry.net

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