Nicholas-Denys Project Ann’s Creek property New Brunswick, Canada Nicholas-Denys Project Ann’s Creek property New Brunswick, Canada
Active Projects in New Brunswick New-Brunswick Bathurst Belledune Campbelton Brunswick #12 Mine Heath Steel Mine Caribou Mine Restigouche Mine Nigadoo Mine Puma and DNR offices Airport DNR Core Shack Railway Perfect Location for exploration Perfect Location for exploration 0 15 km Quebec Stable government policies that offer certainty and reduce the risk of longterm projects. Skilled labor force Airport, Railway, Paved Road Regional DNR Office and Core shack Bathurst area includes: Halfmile Stratmat Murray Brook Deposit Puma Highway 11 Turgeon Beresford Copper Sea port Benjamin Established Bathurst mining camp which welcomes employment opportunities Chaleurs Bay Puma Core Shack Ann’s Creek 2 Red Brook
Nicholas-Denys Projects Main Deposits PineTree Shaft Halfmile G.Northern Haché Beresford Copper Dante 100% PUM Nicholas-Denis area 100% PUM Ann’s Creek area Raya Main Deposits Main Fault RBM Fault Nigadoo Mine Nicholas-Denys Porphyry Deposit II Henry - East Stephen Brook km 0 12 Moly Mines Millstream Iron Lens Ag-Au-Pb-Zn Skarn Cu-Fe Porphyry Cu-Mo Skarn Zn-Ag Skarn Au 3
4 Large Metallogenic Area Porphyre Mo-Ag-Cu (A) Lens Au-Ag-Pb-Zn (B) Skarn (C) B – Hachey C – Dante A – Mado
Geological Model at Nicholas-Denys Sormany Gate Great Northern PUXPF-US PUM-TSXV N 10 KM Deposit I (Cu,Zn) Dante ) (Zn,Bi) Bridge Pine Tree Half Mile Hachey Shaft Henry East Henry Millstream (Cu,Fe,W) Cullinan Structure Stephens Brook (Au) Beresford (Cu) Bradley (Au ) Zarina Structure ND Porphyry Devonian Moly Mines (Mo) 1km Ordovician Silurian Rocky Brook Fault Main Fault 100 M Skarn Lens Ag-Au-Pb-Zn Raya ) (Au-Ag ) ND Main Lenses Location (not to scale) ND Porphyry ND Main Lenses over Generalized Porphyry Model ND Porphyry Zarina Veins Beresford - Raya PineTree to Henry Mo-Ag-Cu Porphyry Cu-Fe Skarn Ag-Pb-Zn belt Au-Ag Veins 5
Hache Henry East Henry Shaft N N PineTree Millstream Fe Deposit II Dante Raya Bradley Au Main Fault RBM Fault Main Fault NW Structure The mineralization is open in all direction The mineralization is open in all direction Meters 6 Ann’s Creek property Advanced works on both zones Advanced works on both zones
Drill Results Shaft zone Drill Results Shaft zone 7 The hole F06-16 hit lens at 350 meters depth vertically The main zone is open in all directions F06-01 : 2.80% Zn, 336 g/t Ag, 1.41 g/t Au / 9.6m (14,37% Zneq) F06-16 : 6.02% Zn,108 g/t Ag, 0.24 g/t Au / 4.4m (12.36% Zneq) F07-10 : 5.31% Zn, 138 g/t Ag, 0.94 g/t Au / 5.6m(12.08% Zneq) F08-56 : 1.21% Zn, 235 g/t Ag, 1.27 g/t Au / 5.2m (5.24% Zneq) F08-24 : 2.15% Zn, 55 g/t Ag, 0.13 g/t Au / 13.2m (5.61% Zneq) F08-68 : 3,80% Zn, 108 g/t Ag, 0.25 g/t Au / 12.9m (9.69% Zneq) F08-41 : 1.65% Zn, 85 g/t Ag, 0.13 g/t Au / 12.9m (6.01% Zneq) Shaft Lens Shaft showing Massive sulphides MS : Sp, Ga, Po, Py
Haché Lens 92% of the silver 84% of the zinc 90% of the lead 80% of the gold 25 m of core for 30 kg Recovery 1.1 million oz of silver 11 million lbs of zinc 5 million lbs of lead 6,200 ounces of gold Indicated Resources The estimate covers only the central portion of the Haché zone, i.e., an area about 50m in length and 50m wide and includes only 33 holes. Since 90 holes for 21,000m NI Resources NI Resources 8 R1 R2 R3 R4 R5 Porphyre km 0 2 Mine Nigadoo Haché Area Stripping 100m X 50m Haché Haché west FH12-04 : 7.53% Zn, 529 g/t Ag, 1.70 g/t Au / 4.75m (25.53% Zneq) FH12-07 : 2,83% Zn, 286 g/t Ag, 0,72 g/t Au / 3.9m (12,57% Zneq ) FH12-01 : 5,08% Zn, 106 g/t Ag, 2.80 g/t Au / 5.0m (13,07% Zneq) R1 : 3,25% Zn, 1331 g/t Ag g/t Au 3.2m (49,4% Zneq) R1 : 3,25% Zn, 1331 g/t Ag g/t Au 3.2m (49,4% Zneq) R3 : 2,30% Zn, 327 g/t Ag g/t Au 16.7m (14,22% Zneq) R5 : 0,66% Zn, 226 g/t Ag g/t Au 11,6m (14,15% Zneq) R5 : 0,66% Zn, 226 g/t Ag g/t Au 11,6m (14,15% Zneq) R2 : 1,27% Zn, 233 g/t Ag g/t Au 16m (9,17% Zneq) R2 : 1,27% Zn, 233 g/t Ag g/t Au 16m (9,17% Zneq) R4 : 3,09% Zn, 384 g/t Ag g/t Au 7.75m (17,33% Zneq) R4 : 3,09% Zn, 384 g/t Ag g/t Au 7.75m (17,33% Zneq) N N
m - 300m SHAFT HACHÉ Failles NW-SE« RBM Fault S0 Section S0 HACHÉ West g/t Ag g/t Ag g/t Ag 10m 50m 100m Lens 1 (0-10m) Lens 2 (0-50m) Lens 3 (0-100m) > 1% Zn Tons Ag g/t Ag $US Au g/t Au $US Pb % Pb $Us Zn % Zn $US Total $US Lens ,14401,26221, Lens ,89311,29231, Lens ,7250,77141, Haché Lens N N 0 100m
10 Haché Lens (43-101) Cut-off GradeTonnageAu g/tPb %Zn %Ag g/tSilver Ounces ZnEq*>3% ZnEq*>2% ZnEq*>1% Indicated Mineral Resources Estimates - 125m Surface Surface Stripping at Haché 100m X 50m 35 holes (43-101) HACHÉ W E
11 Cut-off GradeTonnageAu g/tPb %Zn %Ag g/tSilver Ounces ZnEq*>3% ZnEq*>2% ZnEq*>1% Inferred Mineral Resources Estimates 100m X 50m 35 holes (43-101) - 125m Surface HACHÉ Indicated Mineral Resources Surface Stripping at Haché Haché Lens (43-101) W E
12 100m X 50m Inferred Mineral Resources (43-101) - 125m Surface - 300m Haché and Shaft : 90 holes more … SHAFT HACHÉ Indicated Mineral Resources (43-101) W E
13 100m X 50m g/t Ag g/t Ag >200 g/t Ag - 125m Surface - 300m SHAFT HACHÉ Haché and Shaft Lenses : Silver W E
– 1 g/t Au >2 g/t Au - 125m Surface - 300m SHAFT HACHÉ 100m X 50m Haché and Shaft Lenses : Gold W E
m Surface - 300m Resource SHAFT HACHÉ Targets Gold > 0.5 g/t Au Haché and Shaft Lenses : Gold W E
m Surface - 300m Resource SHAFT HACHÉ Haché West Targets Silver > 60 g/t Ag Haché and Shaft Lenses : Silver W E
– 1% Zn 1 – 5% Zn >5% Zn - 125m Surface - 300m SHAFT HACHÉ 100m X 50m Haché and Shaft Lenses : Zinc W E
m Surface - 300m SHAFT HACHÉ > 1% Zn Resource Targets Zinc Haché and Shaft Lenses : Zinc W E
18 RBM Faut NW Structure SHAFT HACHÉ Ore Shoot > 1% Zn 700m NW Structure Haché and Shaft Lenses : Ore shoot
19 > 1% Zn SHAFT HACHÉ RBM Faut NW Structure Ore Shoot NW Structure Haché and Shaft Lenses : Ore shoot
20 Relationship with porphyry system - 200m Surface Surface Stripping at Haché 700m SKARN PLUTON Pit (only 35 holes since 82 more holes) HACHÉ SHAFT Pluton Mineralized Skarn Mineralized Lens HACHÉ SHAFT 4 km N N
Henry Lens HachéHaché Main Fault Rocky Brook Millstream Fault Porphyre km 0 2 Mine Nigadoo Henry Area Henry zone * Drill Results FH12-05 : 3,74% Zn, 448 g/t Ag, 2,32 g/t Au / 4.3m (21.29% Zneq) FH12-09 : 0.92% Zn, 81 g/t Ag, 1.00 g/t Au / 4.6m (5,45% Zneq) FH12-10 : 1.05% Zn, 121 g/t Ag, 1.17 g/t Au / 6.3m (6.63% Zneq) Drill Results FH12-05 : 3,74% Zn, 448 g/t Ag, 2,32 g/t Au / 4.3m (21.29% Zneq) FH12-09 : 0.92% Zn, 81 g/t Ag, 1.00 g/t Au / 4.6m (5,45% Zneq) FH12-10 : 1.05% Zn, 121 g/t Ag, 1.17 g/t Au / 6.3m (6.63% Zneq) HenryEast Lens Discovery 2011 Work Summary : 13 holes for 1250 meters 45 channels for 386 meters 2 major stripping with 300 meters long total Work Summary : 13 holes for 1250 meters 45 channels for 386 meters 2 major stripping with 300 meters long total Mineralizationis open West and East RH12-17 : 1,20% Zn, 156 g/t Ag, 1.53 g/t Au 4.6m (8,88% Zneq) RH12-41 : 2,66% Zn, 246 g/t Ag, 10.9 g/t Au 4.4m (30,34% Zneq) 4.4m (30,34% Zneq) RH12-35 : 3,54% Zn, 303 g/t Ag, 5.04 g/t Au 3.1m (21,71% Zneq) RH12-32 : 0,57% Zn, 361 g/t Ag, 4.01 g/t Au 3.4m (18,29% Zneq) RH12-28 : 1,76% Zn, 515 g/t Ag, 4.50 g/t Au 3.4m (24,12% Zneq) RH12-33 : 2,37% Zn, 271 g/t Ag, 4.65 g/t Au 4.6m (18,96% Zneq) RH12-17 : 1,20% Zn, 156 g/t Ag, 1.53 g/t Au 4.6m (8,88% Zneq) RH12-41 : 2,66% Zn, 246 g/t Ag, 10.9 g/t Au 4.4m (30,34% Zneq) 4.4m (30,34% Zneq) RH12-35 : 3,54% Zn, 303 g/t Ag, 5.04 g/t Au 3.1m (21,71% Zneq) RH12-32 : 0,57% Zn, 361 g/t Ag, 4.01 g/t Au 3.4m (18,29% Zneq) RH12-28 : 1,76% Zn, 515 g/t Ag, 4.50 g/t Au 3.4m (24,12% Zneq) RH12-33 : 2,37% Zn, 271 g/t Ag, 4.65 g/t Au 4.6m (18,96% Zneq) N N Henry East zone 500m 1,5km Henry East zone 10 m Channels Results 21 * Underground development during 1960
Porphyre km 0 2 Mine Nigadoo Raya Area N N HacheyHachey Henry East Zn Skarn 2011 Discovery Main Fault Rocky Brook Millstream Fault Drill results FR12-05 : 3,08% Zn, 0.4 g/t Au, 90 g/t Ag / 5.8m (8,87% Zneq) FD11-02 : 1.69% Zn, 130 g/t Ag,/ 4.1m (6,64% Zneq) FD11-05 : 1.89% Zn, 181 g/t Ag / 8m (7,39% Zneq) FD11-06 : 1,97% Zn, 108 g/t Ag / 7,5m (7,22% Zneq) FD12-01 : 2.1% Zn, 57 g/t Ag / 9.0m (6,55% Zneq) FD12-03 : 1.45% Zn, 78 g/t Ag / 8.0m (4,45% Zneq) Drill results FR12-05 : 3,08% Zn, 0.4 g/t Au, 90 g/t Ag / 5.8m (8,87% Zneq) FD11-02 : 1.69% Zn, 130 g/t Ag,/ 4.1m (6,64% Zneq) FD11-05 : 1.89% Zn, 181 g/t Ag / 8m (7,39% Zneq) FD11-06 : 1,97% Zn, 108 g/t Ag / 7,5m (7,22% Zneq) FD12-01 : 2.1% Zn, 57 g/t Ag / 9.0m (6,55% Zneq) FD12-03 : 1.45% Zn, 78 g/t Ag / 8.0m (4,45% Zneq) The Dante and Raya Lens represents a skarn mineralization observed on 700 meters length by trenching and stripping The Main Fault like the Rocky Brook Millstream structure, is hosting also other deposits like the Deposit II, Millstream Iron, Beresford Copper, Lavigne Brook and Stephen Brook The mineralization is open in all directions The mineralization is open in all directions 22 Raya and Dante Skarn NW Structure RayaRaya 2.3 g/t Au 1040 g/t Ag 42.8% Pb 2.6% Zn Raya Grab sample DanteDante
23 16 deposits and showings over 10 km and more… 207 g/t Ag over 11m (D) 3470 g/t Ag (G) 213 g/t Ag over 1m (D) 1025 g/t Ag g/t Au (G) 527 g/t Ag g/t Au over 4.5m (D) 984 g/t Ag g/t Au (G) 166 g/t Ag over 1.9m (D) 4080 g/t Ag (G) 207 g/t Ag + 1.7% Cu over 1.4m (D) 508 g/t Ag g/t Au (G) Bridge 631 g/t Ag g/t Au over 1.0m (D) Nicholas-Denys 100% PUM 169 g/t Ag g/t Au over 6.8m (D) km Drilling result (D) Grab sample (G) Sormany Gate Zarina Deposit 2 Great Northern Haché Millstream Iron PineTree Halfmile Lavigne Brook Stephen Brook Shaft Decline (1971) Cullinan Henry Dante Henry East Raya Bradley Gold Ann’s Creek 100% PUM Fault N N 248 g/t Ag g/t Au over 12.7m (D) 508 g/t Ag g/t Au over 1.2m (D) 84 g/t Ag g/t Au over 8.2m (D) 97 g/t Ag over 2.0m (D) 400 g/t Ag g/t Au over 2.5m (D) 509 g/t Ag g/t Au over 3.8m (D) 192 g/t Ag g/t Au over 3.1m (D) 138 g/t Ag g/t Au over 5.6m (D) Beresford Copper 195 g/t Ag + 1 g/t Au (D) 225 g/t Ag g/t Au over 29.1m (D)
Partnerships 21 Jeff Hussey and Associates Inc Exploration, Mining, and Geo-Metallurgy McCutcheon GeoConsulting Geological mapping, mineral deposit & writing/editing expertise Entreprise Beresford Excavation Excavation, Road construction, Floating heavy equipment Forage de l’Est Drilling