Gold Springs Gold-Silver Project Nevada/Utah with District Scale Potential and Demonstrating Value of the Escalones Copper-Gold Porphyry Near El Teniente Chile
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Focus: Exploration and Development of the Gold Springs Gold-Silver Project Nevada/Utah With District Scale Potential And Demonstrating Value of The Escalones Copper-Gold Porphyry Near El Teniente Chile September 11, 2017 PHOTO: Looking south down the 5.5 km long Jumbo Structural Trend www.trimetalsmining.com TriMetals Mining Inc. – TSX: TMI Safe Harbor Certain statements contained in this presentation constitute “forward-looking information” under Canadian securities laws (“forward-looking statements”). Forward looking statements look into the future and provide an opinion as to the effect of certain events and trends on the business. Forward-looking statements may include words such as “will”, “intent”, “estimate”, “potential”, ”contingent”, “plan”, “further”, “believe”, “goal”, “target”, “and similar expressions. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors. Information concerning mineral resource estimates, preliminary economic assessments, and the interpretation of exploration programs, drill results, including the strength of the mineralization, and metallurgical testing may also be considered as forward-looking statements, as such information constitutes a prediction of what mineralization might be found to be present and economically mineable if and when a project is actually developed. Readers are cautioned not to place undue reliance on these statements as the Company’s actual results, performance or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties or other factors affect the Company’s business, or if the Company’s estimates or assumptions prove inaccurate. Therefore, the Company cannot provide any assurance that forward-looking statements will materialize. Factors that could cause results or events to differ materially from current expectations expressed or implied by the forward-looking statements, include, but are not limited to, risks of the mineral exploration industry which may affect the advancement of the Gold Springs or Escalones projects, including possible variations in mineral resources or grade, recovery rates, metal prices, capital and operating costs, and the application of taxes; availability of sufficient financing to fund further required or planned work in a timely manner and on acceptable terms, including the proposed 2017 drill program at Gold Springs of 125 holes with 4 drill rigs; availability of equipment and qualified personnel; failure of equipment or processes to operate as anticipated; changes in project parameters as plans continue to be refined; uncertainties associated with the arbitration proceeding against Bolivia, including the advancement of the international arbitration process in a customary manner and in accordance with Procedural Order No. 1 (as amended), the outcome of the international arbitration process including the timing and the quantum of damages to be obtained, management’s expectation with regard to the final amount of costs, fees and other expenses and commitments payable in connection with the arbitration, and any inability or delay in the collection of the value of any award or settlement; and other risks more fully described in the Company's Annual Information Form filed and publicly available on SEDAR at www.sedar.com. The assumptions made in developing the forward-looking statements include: the Company raising sufficient funds for its proposed 2017 drill program at Gold Springs; the accuracy of current resource estimates and the interpretation of drill, metallurgical testing and other exploration results; the continuing support for mining by local governments in Nevada, Utah and Chile; the availability of equipment and qualified personnel to advance exploration projects; the ability of the Company to realize value from its investments in Bolivia; the arbitration proceeding along the timeline included in Procedural Order No. 1 issued by the Arbitral Tribunal, as amended; the Fund honoring its contractual commitments; and the execution of the Company’s existing plans and further exploration and development programs for its projects, which may change due to changes in the views of the Company or if new information arises which makes it prudent to change such plans or programs. Readers are also cautioned that the preliminary economic assessments in this presentation are preliminary in nature and include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the results indicated in the preliminary economic assessments will or could be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. 2 TriMetals Mining Inc. – TSX: TMI Qualified Persons and Derivation of Information The information in this Presentation (unless otherwise stated) on the Gold Springs Project was derived from the technical report titled “Amended Technical Report and 2017 Mineral Resource Gold Springs Project” dated March 29, 2017 and filed on SEDAR on July 27, 2017, authored by Terre Lane, Kevin Gunesch and Rick Moritz of Global Resource Engineering Ltd. (“GRE”) and Kurt Katsura, each a “Qualified Person” and “Independent” of the Company, as such terms defined in NI 43-101. GRE and Kurt Katsura prepared the Technical Report in accordance with National Instrument 43-101 and the resource have been classified in accordance with Canadian Securities Administrator’s (CSA). Gold Equivalent AuEq In this presentation, all references to gold equivalent (AuEq) calculations, with respect to the Gold Springs Property mineral resource, reflect gross metal content using a gold/silver ratio of 61.9 used in the most recent resource estimate (2017), and have not been adjusted for metallurgical recoveries. Escalones The information in this Presentation (unless otherwise stated) on the Escalones Project was derived from the Amended Technical Report entitled “Resource Estimate On The Escalones Porphyry Copper Project” effective date June 28, 2013 and amended on July 11, 2014 and filed on SEDAR. The indicated and inferred mineral resource estimates were prepared in compliance with the standards of NI 43-101 by Jeff Choquette, P.E. and Jennifer J. Brown of Hardrock Consulting LLC. Jeff Choquette acted as the qualified person for the portions of the report regarding the resource estimation, as defined in NI 43-101, and is independent of the Company. David Dreisinger, Vice President of Metallurgy of TriMetals Mining Inc., also a qualified person, authored the portions of the Technical Report regarding mineral processing and metallurgical testing. The Technical Report was filed and is publicly available under the Company’s profile on SEDAR at www.sedar.com. With respect to the Escalones Property Copper Equivalent (Cu Eq*) calculations reflect gross metal content using approximate 3 year average metals prices as of June 25th, 2013 of $3.71/lb copper (cu), $1549/oz gold (Au), $30.29/oz silver (Ag), and $14.02/lb molybdenum (Mo) and have not been adjusted for metallurgical recoveries. An economic cut-off grade of 0.25% copper equivalent was assumed for this report. Cautionary Statement on Mineral Resources This Presentation uses the terms 'indicated resources' and 'inferred resources' which are terms recognized and required by Canadian regulations (under National Instrument 43-101 Standards of Disclosure for Mineral Projects), however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the United States Securities and Exchange Commission. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will be converted into reserves. Mineral resources that are not mineral reserves, do not have demonstrated economic viability. In addition, 'inferred resources' have a great amount of uncertainty as to their existence, and economic and legal feasibility. It cannot be assumed that an inferred resource will be upgraded to a higher category. Under Canadian rules, estimates of inferred resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for preliminary economic assessment as defined under NI 43-101. Investors are cautioned not to assume that part or all of an inferred resource exists, or is economically or legally mineable. 3 TriMetals Investment Highlights – Gold Springs Geology, Geochemistry and Geophysics Demonstrate Gold Springs Has Significant Growth Potential A PEA Stage Project Drilling in Progress • 78 sq km district scale property in mining-friendly Nevada/Utah, many shafts and adits on property from mining gold in early 1900’s • 26 areas of outcropping gold mineralization including samples of >1gtAu • Geophysics (ZTEM Resistivity) important in defining drill targets and gold mineralization • Detailed drilling in 4 areas defined by ZTEM resistivity has resulted in resource development in all 4 areas • M&I 683,[email protected] AuEq (0.55 gt Au, 10 gt Ag) • Only about 10% of the 33 km of ZTEM defined target areas drilled • Excellent pro-mining permitting environment • Deposit amenable to open pit, heap leach mining (NI 43-101 Report) • Acquired 2,600 acre feet