1. 1
Gold in Guyana –
Working to become a mid-tier gold producer in 2014.
June 2013
2. Disclaimer
Some statements in this presentation contain forward-looking information. We have identified such statements with as asterisk for your ease of identification of
forward looking-information. These statements include, but are not limited to, statements with respect to the expected benefits from having a management team
seeking to aggressively grow the Company into a mid tier gold producer through the exploration and development of existing assets, the completion of
the acquisition of a significant interest in the Eagle Mountain Project and the development potential of the Company's properties. Specifically, any statements
regarding the potential increase of the Company’s inferred resource at the Eagle Mountain Project and the goals and objectives of the Company are by their
nature forward looking information. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other
factors which may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or
achievements expressed or implied by the statements.
General risk factors and assumptions include, among others, the effects of general economic conditions, the price of gold and other metals, changing foreign
exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations, competition for resources, and
misjudgements in the course of preparing forward-looking information.
Specific risk factors include risks associated with the ability obtain any necessary approvals, waivers, consents and other requirements necessary or desirable to
permit or facilitate the development of the Company’s properties, the risk that any applicable conditions of the acquisition of an interest in the Eagle Mountain
Project may not be satisfied, risks associated with project development; the need for additional financing; operational risks associated with exploration activities
and results, mining and mineral processing; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among
certain officers, directors or promoters of the Company with certain other projects; the volatility of the Company’s common share price and volume; tax
consequences; and other risks and uncertainties.
Eagle Mountain is in the exploration stage only and is without a known body of commercial ore. An increase in the current inferred resource will only occur if
favourable exploration results are obtained. The business of exploring for minerals involves a high degree of risk.
Any forward-looking information contained in this presentation is based on the geological interpretation of results obtained from exploration activities conducted
on the Company’s properties to date, including geological and geophysical surveys, sampling and mapping programs and drilling results. Results are interpreted
by the Company’s management and staff and future programs and plans are formulated based on such interpretations. In making statements that contain
forward-looking information, management assumes that the results are accurate and will be verified by independent examination, that in country conditions and
in the state of the financial markets remain somewhat constant and that management has the technical and financial capability and expertise to achieve the
Company’s growth plans. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made
and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change,
except as required by law. In accordance with good corporate governance procedures, management constantly monitors and re-assesses the Company’s
activities, results achieved and future plans. In the event management forsees or experiences material changes to the Company’s business and future plans, it will
update forward looking statements accordingly
Each recipient of this document accepts that no representation or warranty is made concerning the information herein nor is any liability accepted in respect
thereof by Stronghold Metals, or any other shareholder (present or future), or Director, Officer, advisor, or by any of their respective affiliates; Company Copyright
clauses are valid in this case. Content and slides from this presentation are not allowed to be copied or distributed otherwise, without the written consent of the
Company.
*Denotes forward-looking information.
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3. Investment Highlights
• 100%-owned advanced Eagle Mountain gold project in Guyana – mining
friendly, English-speaking jurisdiction with stable democracy based on British law.
• IAMGOLD, largest shareholder and strategic partner, holds ~14.5% of company.
• Discussion underway regarding small-scale gold production partnerships in
Guyana – cash flow leveraged to advance flagship Eagle Mountain project.
• Eagle Mountain project contains near-surface 980,000-ounce gold deposit
(NI 43-101-compliant).
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4. Investment Highlights – continued
• Existing Eagle Mountain resource covers just 250 hectares inside
5,050-hectare property.
• Deposit is open in three lateral directions and at depth.
• Very good gold grade, suitable for open-pit production.
• Near-term, low-cost production potential: Gold starts at surface.
• Long-term operations: Huge potential for large, economic gold resource.
• Existing nearby infrastructure.
• Proven, experienced leadership and operating team.
4
5. Mission and Milestones
Mission: To leverage in-country expertise and commence production, generating
cash flow to accelerate to mid-tier producer.
Milestones Achieved:
Successfully expanded gold resource. Updated NI 43-101-compliant resource (Nov.
2012) represents 34% increase from Nov. 2010 resource.
Commenced Environmental Impact Assessment (EIA) report in support of mining
permit application.
Biodiversity and water quality management work in progress.
Ensure compliance with environmental regulations and global best practices.
Discussions and legal regarding small-scale production partnerships underway.
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6. Pathways to Production
Small-scale production partnerships
o Focus on Guyanese properties, currently producing gold on a limited scale, with upside potential.
• Share in cash flow by adding value (expertise, equipment) to increase production.
o Cash flow leveraged to advance flagship Eagle Mountain project.
o Targeting first co-production and income in 2013.
Eagle Mountain gold project
o Development and production could commence within six months following completion of
feasibility study (to be scheduled).
• Mining permit and minerals agreement required.
o Proposed production tiers:
• Phase 1 – 35,000 to 45,000 ounces
• Phase 2 – 90,000 to 120,000 ounces
o Engineering work, metallurgical tests, drilling to improve resource categorization and add more
ounces, EIA report to support feasibility study.
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7. Guyana
• Consistently stable economy and political climate.
• Elected government has followed a policy of economic liberalization,
promotes foreign investment.
• Long history of successful foreign investment in country’s mining
sector.
• British-based law and robust mining law protects foreign investment.
• One of the friendliest mining regimes in the world.
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8. Guyana: Track Record of Successful Production
and Operations
• Omai gold mine:
o Produced over 3.7 million ounces grading ~1.4 g/t gold from 1993 to 2005.
• Guyana Goldfields’ Aurora project:
o 6.54 million measured and indicated ounces (open pit and underground).
o Closed $100-million bought deal to fund development in Feb. 2013.
• Sandspring Resources:
o Advancing multi-million ounce Toroparu gold-copper deposit toward potential
large-scale production in 2015.
• Azimuth Resources’ West Omai project:
o 1.22 million inferred ounces.
o Project proposed to advance in cooperation with Troy Resources (ASX, TSX: TRY),
which has proposed to acquire Azimuth in a friendly takeover.
• 20 to 25 Canadian juniors exploring for various commodities in Guyana.
• Major mines in bauxite industry.
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9. Eagle Mountain: Work Completed to Date
• 281 holes drilled totaling 35,993 metres.
o 78 drill holes (~11,000 metres) completed by Eagle Mountain.
o Remaining holes completed by predecessors including IAMGOLD.
• Known resource covers ~250 hectares inside 5,050-hectare property.
o Deposit remains open in three lateral directions and at depth.
• Excellent historical database (geophysics, adits, extensive sampling,
auger drilling, LIDAR, etc.).
• ~$16.5 million spent on exploration work at Eagle Mountain to date.
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10. Strategic Partnership with IAMGOLD
• IAMGOLD doubled its stake in Eagle Mountain in mid-February 2013.
• This followed exercise by Eagle Mountain of option to acquire
remaining 50% of Eagle Mountain property from IAMGOLD.
• Transaction establishes IAMGOLD as largest shareholder,
demonstrates confidence in Eagle Mountain team’s ability to deliver.
• IAMGOLD positioned as strategic partner, currently holds ~14.5%
ownership of Eagle Mountain.
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11. Eagle Mountain: Current (2012) Resource
• NI 43-101 resource starting at surface:
o Indicated resource of 188,000 ounces of gold @ 1.49 g/t (0.5 g/t cut off) and
o Inferred resource of 792,000 ounces of gold @ 1.19 g/t (0.5 g/t cut off).
• Management believes:
o Grade is profitable.
• IAMGOLD’s Rosebel mine in neighbouring Suriname profitably producing 385,000
ounces per year @ 1.0 g/t from five open pits to date, with three additional pits to be
mined (> 13 million oz reserves & resources).
• The Omai gold mine in Guyana produced 3.7 million+ ounces @ ~1.4 g/t (1993 to 2005).
• Timmins Gold produced ~25,000 ounces of gold in Q3 2012 @ 0.88 g/t (annual forecast
~100,000 ounces ) from its San Francisco gold mine in Mexico, profiting $945 per ounce.
o Several open pits will feed a central processing facility.
• Proven approach. Example: Yanacocha in northern Peru, the largest gold producer in
Latin America and one of the world’s largest gold mines (over 26-million ounces
produced since 1993), produces in this way.
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12. Eagle Mountain: 2011 Drilling Highlights
• 78 holes completed for a total of 10,850 metres
• Program included both infill and step-out diamond drilling holes.
• The program was designed to:
o Move part of the geological resource from inferred to indicated.
o Expand the total amount of ounces.
o Test and improve the geological model over specific deposit areas.
• More than 90% of holes drilled intersected shallow gold mineralization of
economic grade.
• Results include:
o 24.19 metres at 9.1 g/t gold from surface to 24.19 m depth (EMD11-76 - Zion).
o 19.05 metres at 3.13 g/t gold from surface to 19.05 m depth (EMD11-83 - Bottle
Bank).
o 7.80 metres at 30 g/t gold from 36 to 43.8 m depth (EMD11-85 - Bucket Shaft).
o 42.20 metres at 0.97 g/t gold from surface to 42.2 m depth (EMD11-77 -Zion).
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14. 14
Eagle Mountain NI 43-101: 2012 Block Model vs 2010 Block Model
Historical & Current Drilling Shown
15. Eagle Mountain 2012 Resource Outline
(NI 43-101 Technical Report filed at SEDAR in Jan 2013)
INDICATED Mineral Resource:
In both saprolite (oxide) and “fresh”
(non-oxidized) rock, it is 3,921,000
tonnes at 1.49 g/t gold for 188,000
ounces gold.
INFERRED Mineral Resource:
Hosted by saprolite and non-
oxidized rock, it is 20,635,000 tonnes
at 1.19 g/t gold for 792,000 ounces
gold.
No statistical relationship between
weathering and grade is observed,
therefore relatively consistent Au
grade throughout the deposit.
Management is of the opinion that
the oxide ore is sufficient to support
a 35,000 to 45,000 oz per annum
operation for 1st Phase
development – no milling required,
i.e., low power requirements (major
element in future operating costs).
This will be the target for our coming
Scoping Study.*
(*Forward Looking Statement and is presented
with caution and the appropriate disclaimer)
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November 2012 Updated Eagle Mountain Resource Estimate by Category, Zone & Type Material
(Using Block Model Cut-off of 0.5 g/t AU)
Category Zone Material Density
(t/m3)
Volume
(m3)
Tonnes Au
(g/t)
Ounces
Indicated
Zion
Saprolite
Fresh
Total
1.60
2.60
2.03
538,000
436,000
974,000
860,000
1,134,000
1,994,000
1.42
1.40
1.41
39,000
51,000
90,000
Kilroy
Saprolite
Fresh
Total
1.60
2.60
2.08
465,000
461,000
917,000
730,000
1,197,000
1,927,000
1.49
1.63
1.58
35,000
63,000
98,000
All
Saprolite
Fresh
Total
1.60
2.60
2.05
994,000
897,000
1,890,000
1,590,000
2,331,000
3,921,000
1.45
1.52
1.49
74,000
114,000
188,000
Inferred
Zion
Saprolite
Fresh
Total
1.60
2.60
2.16
2,671,000
3,035,000
5,706,000
4,274,000
7,891,000
12,165,000
1.31
1.13
1.19
180,000
286,000
466,000
Kilroy
Saprolite
Fresh
Total
1.60
2.60
2.25
1,831,000
2,132,000
3,962,000
2,929,000
5,542,000
8,471,000
1.33
1.12
1.20
126,000
200,000
326,000
All
Saprolite
Fresh
Total
1.60
2.60
2.19
4,502,000
5,167,000
9,668,000
7,202,000
13,433,000
20,635,000
1.32
1.13
1.19
306,000
486,000
792,000
16. 16
Eagle Mountain: New NI 43-101
Typical cross-section across the NE part of the deposit
17. Strong Recovery Potential
• IAMGOLD took bulk samples of both oxide (saprolite) and underlying
hard rock mineralization testing all three known deposit horizons at
Eagle Mountain in 2009.
• Samples used for mineralogical and metallurgical testing completed
at SGS Laboratories (Toronto).
• 92% recovery for cyanidation (saprolite, hard rock).
• 70+% recovery using only gravity (saprolite).
• Recoveries are in line with historical recoveries/mines in the region.
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18. Further Expansion Potential
• Option agreement to
earn up to 95% of
adjacent Mowasi
Gold property.
• Mowasi covers 17,000
hectares + additional
rights of first refusal.
• History of artisanal
gold mining at Mowasi
from alluvial workings
and saprolite.
18
Eagle
Mountain PL
EM Au
Deposit
Area
Enclosing
Mowasi Gold’s
Properties
10 km
20. Nearby Infrastructure
• Eagle Mountain is accessible by an existing road.
• Major road to capital Georgetown just 5 km from property.
• Small airport at Mahdia Township within 4 km of Eagle Mountain.
• Waterways located 30 km from property.
• Historical Omai gold mine ~40 km from Eagle Mountain.
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21. Eagle Mountain: Scoping the Saprolite Gold Resource
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Source: IAMGOLD
Mine processing flowchart for both hard rock and oxides ore. From an internal 2010 IAMGOLD Scoping Study.
22. Share Information
Listed TSX.V: Z
OTCQX: EMGCF
Frankfurt: E9X
Share Structure (as at May 2, 2013)
Issued 38,073,526
Warrants 18,648,250
Options 1,040,000
Fully Diluted 57,761,776
Major Shareholders
Management and insiders: ~11%
IAMGOLD: ~14.5%
European holdings: ~10-12%
Market Capitalization (as at May 1, 2013) ~$5.3 million
52-Week Range (as at April 29, 2013) $0.12 to $0.80
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24. Enterprise Value – Growth Profile
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Advanced Development
Stage (Reserves)
Production
$50-$75
per Au oz
$100-$150
per Au oz
$350-$450
per Au oz
Enterprise Value
(EV) per Minable
OzIncrease Value
through
Resource
Expansion
Increase Value with
Project Advancement
Feasibility
Study
Discovery
Pre-
Feasibility
Study
Z
Eagle Mountain is at the advanced
exploration stage moving towards pre-
feasibility study stage*
0.00
50.00
100.00
150.00
200.00
250.00
300.00
350.00
0.00 1.00 2.00 3.00 4.00 5.00
Capitalization of Public
Companies ($ million) vs. Au
oz Held (million)
EMGC
25. Management and Directors
Eagle Mountain’s leadership team boasts more than 200 years of experience and is
proven in making mining discoveries and achieving production.
Yannis Tsitos, President, CEO & Director: Physicist/geophysicist with 25 years experience in the
mining industry. 19 years with BHP Billiton, the last nine as senior business development manager
global minerals exploration. Worked on exploration projects and business deals in 32 countries. Has
identified, negotiated and executed in excess of 55 exploration, development and mining
agreements and joint ventures (JVs). Important role in two major discoveries. Led First Bauxite
Corporation to the acquisition of the Bonasika Bauxite deposit (prime quality refractory bauxite).
Geoff Hampson, Chairman & Director: A private equity investor and businessman with 35 years
experience in startups, turnaround situations and M&A. Has been involved in building and selling
private and public companies in the mining, oil and gas, manufacturing, Internet and medical fields.
Has negotiated JVs and acquisitions in Brazil, Eastern Europe, China and North America.
Anne Casselman, Exploration & Country Manager, Guyana: Senior Geologist with 20+ years
experience in precious metal exploration (Newmont, Golden Star, Cambior, IAMGOLD). Has worked
on Eagle Mountain project for the last six years, playing a major role in its expansion and exploration
success.
Art Freeze, P.Geo, Director: 43 years of experience as an exploration and production geologist
(e.g., Cominco, Pasminco, Echo Bay, Pan American Silver, Stillwater). Currently a principal consultant
to Goldcorp Inc.
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26. Management and Directors
Luiz Bizzi, Director: Brazilian professional geologist and Certified Investment Analyst with over 27
years experience . PhD, MBA, and past exploration manager for South America for BHP Billiton. Dr.
Bizzi was also the Director of Geology and Mineral Resources at CPRM – the Brazilian Geological
Survey and a Senior Consultant at the Brazilian Development Bank.
Jim Heras, Chairman Emeritus, Director & Founder: 40 years experience as a businessman and
investor in numerous private and public ventures, including several successful mining companies
(President of St. Phillips Resources - Kemess Gold/ Copper Mine). Director of various companies in
Canada.
Geoff Watson, CFO & Director: 30+ years of experience in the securities industry, with majority spent
in the brokerage community (retail and institutional client management) and the financing of
numerous public ventures. He has also overseen the financial affairs of several North American
public companies.
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27. Summary
• Eagle Mountain is a high-quality asset with near-term production potential.
• Strong support of strategic partner and largest shareholder IAMGOLD.
• Project has excellent potential for expansion, both land and resource.
• Long-term blue sky potential.
• Company is aggressively pursuing entry into small-scale producing opportunities in
Guyana by leveraging management’s excellent local and international network.
• Guyana is an established, mining-friendly regime.
• Property has excellent access and is in close proximity to existing infrastructure.
• Proven, experienced management team.
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28. Thank You
For more information, please contact:
Eagle Mountain Gold Corp., Investor Relations
1-866-437-9552
ir@eaglemountaingoldcorp.com
www.eaglemountaingoldcorp.com
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