The document discusses Seafield Resources' advanced gold exploration project in Colombia. The project includes the Miraflores deposit located within Seafield's 100%-owned 6,757 hectare Quinchia Gold Project. Drilling at Miraflores has outlined a breccia pipe with over 1.9 million ounces of gold in measured and indicated resources. Metallurgical testing shows excellent average gold recoveries of over 90% for the mineralization. Seafield is well financed with $10 million cash and is exploring additional targets on its highly prospective and largely undrilled land package.
2. Forward Looking Statements
Forward-looking statements are subject to a number of risks and uncertainties that may cause the
actual results of Seafield to differ materially from those discussed in the forward-looking statements,
and even if such actual results are realized or substantially realized, there can be no assurance that
they will have the expected consequences to, or effects on Seafield.
Seafield expressly disclaims any obligation to update or revise any such forward-looking statements.
Forward looking statements include, but are not limited to, statements with respect to the timing and
amount of estimated future exploration, success of exploration activities, expenditures, permitting, and
requirements for additional capital and access to data.
Forward-looking statements involve known and unknown risks. Such factors include, among others,
risks related to actual results of current exploration activities; changes in project parameters as plans
continue to be refined; the ability to enter into joint ventures or to acquire or dispose of property
interests; future prices of mineral resources; accidents, labour disputes and other risks of the mining
industry; ability to obtain financing; and delays in obtaining government approvals or financing.
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3. Investment Highlights
Currently under the stewardship of a new management team:
• Over 20 years of mineral exploration and development experience in Latin
America
Advanced stage exploration projects with excellent gold recovery rates
(90%)
Gold properties located in an area of excellent infrastructure
Well-financed - $10 million
Largest concession owner in the mineral-prolific Quinchia district
• 6,757 Ha., 100%-owned
• >80% remains unexplored
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4. Capital Structure
Listing TSX Venture Exchange – SFF
Shares Outstanding 168.9 M
Current Cash CAD $10 M
Warrants
CAN$0.175 (09Jun12) # 319,102
CAN$0.25 (09Jun12)
# 10,612,816
CAN$0.50 (11Dec12) # 1,725,000
CAN$0.75 (11Dec12) # 30,000,000
Options 11.4 M
Fully Diluted Shares 223.6M
Top Institutional Shareholders Sprott Asset Management, U.S. Global
Investors, AGF, Yamana Gold, Southern
Legacy Minerals, Libra Fund, Armada Capital
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5. Management Team
CESAR A. LOPEZ, PRESIDENT & CEO STEPHANIE ASHTON, CFO
Mining Attorney, M.Sc. Mineral MBA International Legal and Tax Strategy
Economics M.Sc. Mineral Econ.
17+ years of mineral development 17+ years of mineral development
experience in Latin America experience in Latin America
Founder & former CEO of AQM
Copper, White Mountain Titanium
Corp. GIOVANNY ORTIZ, GENERAL MANAGER -
Founder of Centenario Copper COLOMBIA
Corporation, which merged with Geologist with more than 17 yrs
Quadra Mining experience in Colombia
Former Exploration manager - saw
Angostura Project through Feasibility level
TOM HENRICKSEN, VP EXPLORATION
Economic Geologist with 35+ years
experience in exploration. ELINA CHOW, VP CORPORATE
15+ years in Latin America
Track record:
DEVELOPMENT
• Corani and Ollachea for Rio Tinto 8+ years of marketing and investor
• Challacollo for Silver Standard relations experience
• Constancia for Norsemont Formerly with Continental Gold Limited,
• Zafranal for AQM Copper Auryx Gold Corp. and Colossus Minerals
Inc.
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6. Board of Directors
CESAR LOPEZ JUAN VILLARZU
Mining Attorney Former President of CODELCO
Founder of AQM Copper, Centenario Copper, Former World Bank Economist
White Mountain Titanium Corp.
17+ years of experience in South America ANTONIO PICHARDO
Exec. Director Metals and Mining – WestLB Bank
DOUGLAS WU Arranged debt financings totalling +$4 Billion
Co-founder of G2 Investments
25 years of experience in private equity JIM PIRIE
40 years of experience in the mining industry
HOWARD CROSBY Previously exploration manager with Breakwater,
Director of Senetek & White Mountain Granduc, Homestake and Esso Minerals
Titanium Corp.
Founder of US Silver ANTHONY ROODENBURG
30 years of experience investing in natural 25 years of experience in corporate
resources development
Director/Founder of several TSX Venture listed
companies
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7. Seafield’s Quinchia Project Loca5on
Middle Cauca Belt Hosts
+30 Moz Gold Gramalote 2.3 Moz Au
B2 Gold Colombia
Excellent infrastructure
Historic artisanal mining district BuriDcá 3.1 Moz Au
ConDnental Gold Bucaramanga
Greatly under-explored TiDribi 8.3 Moz Au Medellin
Sunward
Bogota
Contiguous to Batero Gold
La Mina 1.1 Moz Au
#Corp.’s property Bellhaven
Quinchia Gold
Project
World class deposits Seafield Resources
• La Colosa: 12.3 Moz Au La Colosa 12.3 Moz Au
AngloGold AshanD
• Buriticá: 3.1 Moz Au
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9. Overview of the Quinchia Gold Project
Seafield’s Quinchia Gold Project
Land Area 6,757 Ha
Ownership 100% owned
Drilling to Date 30,000 m
Power & water nearby
Infrastructure Accessible by paved road
Elevation 800-1,600 m above sea level
1.92 Moz Au @ 0.8 g/t Au M+I,
Miraflores Deposit 103K @ 0.6 g/t Au Inferred
Dosquebradas 920K Oz Au @ 0.5 g/t Au
Deposit Inferred
Seafield’s Concession Map
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10. Quinchia: Miraflores Deposit
Hydrothermal
breccia pipe; low
sulphides; widens
Miraflores Breccia Pipe at depth
Drill-tested
diameter of
280m x 250m,
with a vertical
extent of 600m
(open)
>15,000 m of
Current Drill Zone
drilling to date
Excellent gold
recoveries
View is to the West (>90%); Free
Gold
N
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13. Miraflores: Drill Results
From To Interval Au From To Interval Au
Hole No. Hole No.
(m) (m) (m) (g/t) (m) (m) (m) (g/t)
QM-DH-03 53.1 502.1 449 1.29 QM-DH-15 91.6 99.6 8.0 1.35
including 231.8 241.8 10.0 2.87 including 183 226.1 43.1 1.45
including 282.55 306.5 23.95 9.18 including 232.1 273.8 41.7 1.35
QM-DH-04 127.3 168.3 41.0 0.94 including 277 303.9 26.9 0.73
QM-DH-11 0.0 369.7 369.7 1.00 QM-DH-16 175.00 285.40 110.40 1.31
including 87.55 107.65 20.1 2.20 including 251.00 277.00 26.00 2.11
including 251.9 344.95 93.05 2.42 and 294.60 358.20 63.60 0.75
QM-DH-13 105.3 122.7 17.4 1.71 including 297.40 317.60 20.20 1.21
including 121.2 122.7 1.5 14.05 QM-DH-20 197.00 311.25 114.25 0.97
and 137.9 154.2 16.3 1.43 QM-DH-23 33.00 200.20 167.20 0.73
and 180.3 200.75 20.45 0.85 and 206.20 241.95 35.75 1.22
and 218.75 273.8 55.05 0.83 and 259.95 388.20 128.25 0.60
QM-DH-24 178.90 346.65 167.75 1.05
Note: Grades are uncut except for hole QM‐DH‐11 where one including 258.70 302.80 44.10 2.94
2 m sample in each hole returned a bonanza grade value
which was cut to 20 g/t Au. Intervals are calculated using a QM-DH-25 133.00 294.00 161.00 0.78
cut‐off grade of 0.1 g/t Au. Only intervals above 0.3 g/t Au including 153.10 189.40 36.30 0.95
reported
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14. Miraflores Resource Es5mate
Mineral Resources as at December 31, 2011
Measured Category Indicated Category Total Measured & Indicated
Cut‐off Tonnes Grade Gold (Oz) Tonnes Grade Gold (Oz) Tonnes Grade Gold (Oz)
Grade (1,000) (g/t) (1,000) (1,000) (g/t) (1,000) (1,000) (g/t) (1,000)
(g/t)
0.2 36,635 0.5 636 68,451 0.7 1,496 105,086 0.6 2,132
0.3 28,511 0.6 577 49,330 0.9 1,348 77,841 0.8 1,926
0.4 20,234 0.8 488 35,167 1.1 1,210 55,401 1.0 1,698
0.5 14,667 0.9 415 25,892 1.3 1,086 40,559 1.2 1,501
0.6 10,701 1.0 347 19,930 1.5 987 30,631 1.4 1,334
Tonnes **Based on 15,161 m of drilling in 35 diamond drill holes & 236 m of
16,214 5,526 3,206 2,480 2,159 underground channel samples. This includes 11,536 m in 25 holes
(1,000)
Cut-off completed by Seafield through Dec 2011 and 3,624m in 10 holes
0.2 0.3 0.4 0.5 0.6 carried out by Anglogold Ashanti and B2gold between 2006‐2007.
Grade (g/t)
0.3 0.6 0.8 0.9 0.9
Inferred
Resource 172,022 103,043 79,366 70,164 64,553
Estimate (Oz)
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15. Miraflores Metallurgical Results
Average Average
Item Item
Au Recovery % Au Recovery %
Green Breccia 95% White Breccia + 5% Argillic Blend
Gravity + Cyanida5on 85.9 Gravity + Flota5on 95.6
Gravity + Flota5on 95.6 Gravity + Flota5on + Cyanida5on1 92.8
Gravity + Flota5on + Cyanida5on1 92.8 85% White Breccia + 15% Argillic Blend
White Breccia Gravity + Flota5on 96.4
Gravity + Cyanida5on 89.2 Gravity + Flota5on + Cyanida5on1 92.8
Gravity + Flota5on 96.4
Key findings for all test composites:
Gravity + Flota5on + Cyanida5on1 92.8
Basalt Highly amenable to gold recovery by
conventional process flow sheets
Gravity + Cyanida5on 89.4
Contain significant amount of coarse
Gravity + Flota5on 95 gold amenable to gravity concentration
Gravity + Flota5on + Cyanida5on1 89.1 Gold recovery was fairly independent of
grind size
Note:
(1) Overall gold recoveries for each sample type were es5mated based on assuming that the 88%
gold cyanida5on extrac5on, obtained for flota5on concentrates produced from green and white 15
breccias, also applies to the flota5on concentrates produced from basalts and argilleous structures.
16. Miraflores Gallery
Diamond Drill Rig at Miraflores
Electrical Lines at Miraflores
Mineralized Structure in the Miraflores
Tunnel
Miraflores Drill Core
Core Logging and Analysis
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18. Dosquebradas: Drill Results
From To Interval Au From To Interval Au
Hole No. Hole No.
(m) (m) (m) (g/t) (m) (m) (m) (g/t)
QDQ-DH-01 20.1 31.2 1.11 2.00 QDQ-DH-15 0.0 20.9 20.9 1.11
and 52.7 69.2 16.5 1.18 QDQ-DH-17 185.9 334.65 148.75 0.51
QDQ-DH-02 122.1 322.0 199.9 0.98 and 375.3 417.0 41.7 0.81
QDQ-DH-09 478.4 490.4 12.0 0.90
QDQ-DH-13 278.0 338.4 60.4 0.63 and 495.5 515.5 20.0 1.60
DQ-DD-2* 158.0 226.0 68.0 0.62 QDQ-DH-18 211.3 241.9 30.6 1.23
and* 232.0 268.0 36.0 0.90 and 354.2 459.5 105.3 0.76
DQ-DD-3* 140.0 230.0 90.0 0.93 QDQ-DH-23 188.0 309.8 121.8 1.06
and* 230.0 269.5 39.5 1.67
Including 211.6 254.3 42.7 1.27
QDQ-DH-14 2.0 28.2 26.2 0.91
and 126.7 179.1 52.4 1.19
including 126.7 142.2 15.5 1.59
and 202.1 210.1 8.0 0.73
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19. Dosquebradas Resource Es5mate
Mineral Resources as at November 15, 2011
Cut-Off Grade Tonnes Grade Cu AuEq Contained Cu lbs AuEq
Au (g/t) (1,000) (g/t Au) (%) (g/t) Au (ozs) (1,000) Ounces
0.3 57,794 0.5 0.04 0.56 920,772 56,768 1,049,790
0.4 34,593 0.6 0.05 0.68 664,609 38,428 751,947
0.5 20,206 0.7 0.06 0.79 459,097 24,867 515,614
*Based on 8,874m of drilling in 20 diamond drill holes. This includes 8,287 metres in 18 holes completed by Seafield in 2010
and 2011 and 587 m in 2 holes completed by Anglogold Ashan5 in 2006.
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20. Corporate Social Responsibility
Signing Member of the United Nations Global Compact
World’s leading voluntary social responsibility policy
www.unglobalcompact.org
Committed Community Engagement
Partnership with Pereira Technological University to
identify key stakeholders
Construction of new pipelines, landslide relief, and
donation of funds to local festivals
Environmental Focus
Joint guidelines developed with regional authorities
to ensure responsible practices
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21. Timeline
Milestones Target
Acquire surface rights for Miraflores and Dosquebradas Ongoing
Baseline Environmental/Geotechnical Studies for Miraflores Ongoing
Commence regional exploration program to identify more targets
Complete preliminary economic assessment (PEA) for Miraflores April 2012
5,000-metre drill program at Miraflores Q3 2012
Commence underground drill program Q4 2012
Feasibility study for Miraflores Q2 2013
Commence development towards production at Miraflores Q3 2013
Production Miraflores Q1 2015
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22. Peer Comparison
Company Symbol Share Price Shares O/S (M) M. Cap (M) Resource (Moz)
M+I g/t Inferred g/t
Seafield SFF-V $0.16 169 $29 1.9 0.80 0.103 0.60
0.920 0.50
Colombia Crest Gold CLB-V $0.25 86 $23 NA
Batero Gold Corp BAT-V $0.76 50 $39 3.5 0.44 2.6 0.33
CB Gold CBJ-V $1.24 144 $180 NA
Galway GWY-V $1.45 125 $188 NA
Bellhaven BHV-V $0.40 112 $47 1 0.77
Colombian Mines CMJ-V $0.47 33 $15 NA
As of April 3, 2012
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23. Summary of Investment Highlights
One of the few exploration companies in Colombia with an advanced
stage gold project
Growing resource at Miraflores and Dosquebradas
• Continual delineation of resource
• Ongoing drill program
Additional targets within 6,757 Ha land package to be identified
Ongoing efforts to expand exploration concession in the Quinchia
District
Discounted compared to peers
• EV/oz is less than $10.00 (as at April 3, 2012)
Excellent PEA level metallurgical results at Miraflores: >90% gold
recovery
Fully funded for 2012
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24. Facts About Colombia
3rd friendliest country in Latin America to do business and 1st in
investor protection (World Bank 2011)
2nd most qualified labour force (International Mining and Development)
Real GDP growth of 4.5% for 2012 (IMF)
Mine royalties to government: 3.2%
In 2011, FDI grew 56% to $14.8 billion, 82% was in the oil and
mining sector (Globe & Mail)
Colombia’s mining and energy sector investment to reach $57 billion
over the next 5 years (Colombia Reports)
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25. Thank You
TSX‐V: SFF
Seafield Resources Ltd. Investor Relations:
20 Toronto Street., Suite 788, David MacMillan
Toronto, Ontario, M5C 2B8 dmacmillan@sffresources.com
www.sffresources.com 416-361-3434 ext. 202
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