2. Forward Looking Information
This presentation may contain “forward‐looking statements” which reflect the Company’s current
expectations regarding the future results of operations, performance and achievements of the Company,
including potential property acquisitions, the timing, content and results of work programs, geological
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interpretations and potential mineral discoveries, and negotiation and closing of future financings. The
statements reflect the current beliefs of the management of the Company and are based on currently
available information. Accordingly, these statements are subject to known and unknown risks,
uncertainties and other factors which could cause the actual results, performance, or achievements of
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the Company to differ materially from those expressed in, or implied by, these statements.
In addition, investors are cautioned that this presentation may contain information about mineral
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properties adjacent to or near the Company’s properties and in which the Company has no right or
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interest. Mineral deposits on such adjacent or near properties are not indicative of the mineral deposits,
if any, which may be found on the Company’s properties.
All scientific or technical information contained on this presentation has been reviewed and approved
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by Dr. Tom Setterfield, P.Geo., the VP Exploration of TerraX Minerals Inc., who is a "qualified person" as
defined in National Instrument 43‐101 of the Canadian Securities Administrators.
2
3. Company Overview
Dec 31, 2013
Issued Shares:
Issued Shares:
Options:
500,000 @
650,000 @
2,050,000 @
360,000 @
100,000 @
295,000 @
39.9 mln
39 9 mln
Total :
$0.10 (Apr. 30, 2014)
$0.10 (Aug. 2, 2014)
$0.17 (Jun. 28, 2018)
$0.28 (Aug. 29, 2018)
$0.61 (Sept 30, 2016)
$0.45 (Dec 23, 2016)
4.0 mln
Total:
7.7 mln
Warrants:
1,855,000 @
3,502,243 @
62,500 @
1,188,180 @
1 188 180 @
105,556 @
$0.10 (Jan. 21,2015)
$0.30 (May. 8, 2016)
$0.30 (May. 30,2016)
$0.50 (Dec 20, 2015)
$0 50 (Dec 20 2015)
$0.50 (Dec 27, 2015)
Fully Diluted Shares:
50.6 mln
Basic Market Cap ($0.50/share)
Basic Market Cap ($0 50/share)
~ $20 mln
$20 mln
Held by Management:
14.5%
Held by Virginia Mines Inc:
10.4%
Working Capital
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$1.6 million
$0.045 Dec 31, 2012 – $0.50 Jan 14, 2013
TXR TSX‐V
TXR TSX‐V
TX0 Frankfurt
3
4. Accomplished Management
Joseph Campbell, P. Geo – President and Director
•
34 years of experience: exploration and mining on a variety of deposit types
•
Project Manager for 7 years on Meliadine (now Agnico Eagle) a 5 Moz gold resource in
Nunavut. Taken to pre‐feasibility level incl: mineable reserve, production rates & schedules,
Cap Ex/Op Ex for process, mining and G&A.
•
Evaluated Au potential along a known Au trend in Ontario. Managed subsequent drilling,
authored a NI 43 101 ore resource report on a growing 2,000,000 oz Au deposit
authored a NI 43‐101 ore resource report on a growing 2 000 000 oz Au deposit
•
Study Manager for a resource estimate on El Abra porphyry Cu deposit in Chile
•
Chief Geologist for 250 Mt tonne Nickel laterite deposit in Cuba (Pinares)
Dr. Thomas Setterfield, P. Geo – VP Exploration and Director
•
34 years of international experience in exploration and mining including:
•
Ph.D from Cambridge University Cambridge, England (1991)
Ph D from Cambridge University – Cambridge England (1991)
•
Expert in IOCG, Epithermal Au and VMS deposit types
•
Consultant to QGX Ltd. for Golden Hills VMS deposit in Mongolia
•
VP Exploration for Monster Copper from 2002 to takeover by Mega Uranium
VP Exploration for Monster Copper from 2002 to takeover by Mega Uranium
13. Previous Work
•Previous Work included >450 drill
holes
•TerraX has recovered more or
less complete core from ~105
105
holes and mineralized
intersections from an additional
74 holes
15. Summer 2013 Work Program
Exploration Campaign – Completed in 12 Weeks of Field Work
•Located High Grade Au on New and Historically Reported Zones
•Located High Grade Precious Metal Rich Massive Sulphides At Homer Lake VMS
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•Completed Helicopter Borne Geophysics ‐ Defined New Exploration Targets
•
•
•
Multi‐kilometer magnetic signatures aligned with Au mineralization
Multi‐kilometer radiometric signatures aligned with Au mineralization
A large untested EM anomaly proximal to historic surface trenches and drill hole
intersections of high grade precious metal rich base metals (Pb, Zn, Cu)
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•Work on Historical Drilling
•
•
•
•
•
Discovered 200 drill hole cores stored at the Giant Mine Site
Located drill collars for more than 250 historical drill holes surveyed 155 holes
Located drill collars for more than 250 historical drill holes – surveyed 155 holes
Constructed new logging facility at Yellowknife Airport
Began re‐logging and re‐sampling of historical drill core
Preparation for winter drill program on schedule, including initial community engagement
meetings and permitting
meetings and permitting
15
20. Prospecting June‐September 2013
Completed +700 Sample Program
Assays up to 145 g/t Au in grab
sample
Chips up to 24.26 g/t Au over 4.0m
Walsh Lake 7.29 g/t Au over 6.0m
Assay values of 49.30 g/t Au and 55.2 g/t
f
/
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Ag in one grab sample at Pinto
529 g/t Ag, >20% Pb and 9.44% Zn in
grab sample from Homer Lake
20
23. Crestaurum Deposit – Re‐sampled Core Results
Assay Intervals from Crestaurum Deposit
Drill Hole
DDH85-118
DDH85 121
DDH85-121
DDH85-134
DDH85-157
DDH85-166
DDH85-167
DDH85-175
DDH85 175
North Shoot
FROM (m)
TO (m)
Width (m)
91.13
98.00
6.87
98.00
100.00
2.00
99.00
102.00
3.00
146.00
148.00
2.00
126.00
132.00
6.00
96.00
101.00
5.00
143.00
143 00
145.00
145 00
2.00
2 00
Au g/t
13.07
5.92
13.45
67.69
11.96
5.47
10.46
10 46
Drill Hole
DDH85-150
DDH85-151
North-Ext Shoot
FROM (m)
TO (m)
Width (m)
53.00
48.00
5.00
86.00
88.00
2.00
Au g/t
62.90
6.55
Drill Hole
DDH85-177
85
DDH85-181
DDH85-187
Central Shoot
FROM (m)
TO (m)
Width (m)
57.00
5 00
59 00
59.00
2.00
00
67.00
70.00
3.00
81.00
86.00
5.00
Au g/t
10.04
00
12.79
20.66
Drill Hole
DDH85-173
DDH85-174
South Shoot
FROM (m)
TO (m)
Width (m)
54.00
59.00
5.00
61.00
66.00
5.00
Au g/t
12.43
8.03
23
24. Crestaurum Zone ‐ Vein 1 187 DDH
Section 2
Section 1
Central
Ore Shoot
South Ore
Shoot
0m
100m
200m
400m
North Ore
Shoot
North Ext
Ore Shoot
BLOCK MODEL
GRADES
DDH85-150
85 50
North Ext Ore Shoot
DDH85-118
North Ore Shoot
• 123 Crestaurum drill collars
located and surveyed to cm
accuracy – June‐July 2013
• Core from 74 Crestaurum
drill holes found, re‐logged,
re‐sampled
• Pl
Plan to drill 1500m in 2014
d ill 1500 i 2014
Central Ore Shoot
85-187
PLAN MAP
0m
100m
200m
400m
South Ore Shoot
85-174
24
27. Crestaurum Historical Metallurgy
1985 Program: 44 samples of drill core rejects from 7 drill holes – we have
1985 P
44
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7 d ill h l
h
re‐sampled all 7 holes and verified the grades
Composite A
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• Drill grade of 0.357 oz/ton (cut to 1 oz/t as per resource estimate)
• Drill grade un‐cut 0.627 oz/ton
• Calculated metallurgical head grade 0.72 oz/ton
Composite B
• Drill grade of 0.297 oz/ton (cut to 1 oz/t as per resource estimate)
• Drill grade un‐cut 0.397 oz/ton
• Calculated metallurgical head grade 0.454 oz/ton
Findings (Quoted from Report*)
Using Direct Cyanide (Free Milling Method)
“Both composites were determined to be free milling and best suited for a straight
cyanidation process…expected to yield recoveries in the order of 95%.”
Using Refractory Recovery Method (Roasting) – The process used at Giant Mine
“Very low recoveries of about 44‐62% were obtained…an alternative method of
processing would be necessary.”
*Source: F.A. Perrino, Summary Report of Exploration Activities, Yellowknife Belt,
Including Northbelt Yellowknife Mines Ltd., 1985 too 1988, September 1988
27
28. BARNEY SHEAR TARGET
Prospective New
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Exploration Target
• Delineated over strike length of 4.5 km
(historic)
• Drill tested to over 600m strike length
(historic)
• Followed on surface over an additional
700m north of drilling
• Surface Mapping in June 2013
Indicates Barney Shear Zone Consists
of Multiple Mineralized Shears over
+200m across strike width
28
29. Barney Shear Corridor
Land hole
collars
surveyed,
cased,
cased capped
Core retrieved
from all holes
Plan to go
down previous
holes and
wedge off
3D modelling
proceeding
3500m Drilling
Planned in
2014
Volcanic Zone
Porphyry Zone
29
31. HOMER LAKE BASE METAL
Key p
y points of target
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• Newly Discovered Large Untested
EM Anomaly
• Coincident Magnetic Anomaly
• High Grade Surface Showings
• High Grade Historical Drill Holes
Proximal to EM Anomaly
• High Precious Metal Values –
>200 g/t Silver, Multi-gram Gold
31
34. Other Targets
Pinto Shear Zone – 49 g/t Au in grab
AES Shear Zone – 13 g/t Au in grab
Shear 20 Zone – 21.0m @ 2.97 g/t Au in DDH NB94‐01a
Shear 20 Zone – 21 0m @ 2 97 g/t Au in DDH NB94 01a
Crestaurum Southwest – 4.0m @ 24.26 g/t Au in trench chip sampling
Jed Vein/Shear 19 – 1.60m @ 16.85 g/t Au
Ryan Lake gold‐molybdenum‐copper‐silver porphyry style
Ryan Lake gold molybdenum copper silver porphyry style
mineralization – up to 0.85% Mo, 4.0m @ 7.73 g/t Au in DDH NB96‐24
• Walsh Lake Targets
o S
Sam Otto Zone ‐ 15 85 @ 2 9 /t A i DDH W89 1
Ott Z
15.85m @ 2.9 g/t Au in DDH W89‐1
o Mispickel Zone – 6.0m @ 7.29 g/t Au ‐ TerraX 2013 chip sampling
• Southern Northbelt – Extension of Lynx, GBK, C‐Zone mines
• A
Areas not yet explored by TerraX, including known mineralized
l db T
X i l di k
i
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structures
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•
•
•
•
•
34
41. Walsh Lake Property
Historical Drill Results
Showing
Drill Hole
Length
(m)
Au (g/t)
Burnt Island
?
1.83
6.03
Mos
MosA
0.76
9.6
Sam Otto
W89-1
15.85
2.59
Sam Otto
W89-2
29.96
1.11
Sam Otto
W93-1
10.08
3.09
Sam Otto
W95-2
4.16
5.17
Sam Otto
WLP-00-02
11.5
2.47
Sam Otto North
W95-31
2.40
7.00
Sam Otto North
W97-6
W97 6
1.84
1 84
8.31
8 31
Sam North
W95-12
3.35
6.11
Dave's Pond
W95-24
1.00
8.14
Dave's Pond
W95-29
4.75
5.61
Dave s
Dave's Pond
W95 33
W95-33
1.60
1 60
11.81
11 81
Dave's Pond
W95-35
0.25
24.46
Dave's Pond
W97-2
11.31
0.68
Mispickel Island
W95-20
0.75
4.10
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Mispickel NW
W97-4
2.50
3.50
41
43. Moving Forward
• Data Compilation and 3D Modeling continues
• Community Liaison, Permitting ongoing –– Strong Support for Project
• Airborne Magnetic/EM/Radiometric Survey Interpretation Continues
• Re‐logging Drill Core Ongoing – Over 20,000 Meters of Drill Cores
Available
• Initial Drilling – Winter 2013/14 on Top Priority Targets – 6000m
• Field Work of mapping, prospecting and environmental baseline
Field Work of mapping, prospecting and environmental baseline
studies to commence in spring 2014
• Airborne Survey planned for Walsh Lake and additional staked
Airborne Survey planned for Walsh Lake and additional staked
ground
43
44. Summary
• Strong & Experienced Management Team
d
• Tight share structure with low fixed burn rate
• Highly prospective property on trend with two world
class (5moz+) historic gold deposits
• Numerous high‐grade showings and drill intercepts
• Readily accessible property, close to
infrastructure within a mining city
i f t t
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it
• Extensive exploration work completed
• Drilling planned for winter 2013/14
/
• Ongoing news flow with minimal
expenditures
dit
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