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TerraX Corporate Presentation Oct 2013
1. TXR TSX-V TX0 Frankfurt
NORTHBELT
PROPERTY
Leveraging Historic
Exploration in Prolific
and Accessible
Yellowknife Gold Belt
October 2013
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 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 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
properties adjacent to or near the Company’s properties and in which the Company has no right or
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
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
Sept 30, 2013
Issued Shares
500,000 @
650,000 @
2,050,000 @
360,000 @
100,000 @
$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)
Options:
37.4 mln
3.7 mln
1,855,000 @ $0.10 (Jan. 21,2015)
3,502,243 @ $0.30 (May. 8, 2016)
62,500 @ $0.30 (May. 30,2016)
Warrants:
Fully Diluted Shares
Basic Market Cap ($0.60/share)
Held by Management:
9.6%
Working Capital
$0.8 million
46.5 mln
~ $23 mln
15.8%
Held by Virginia Mines Inc:
5.4 mln
$0.045 Dec 31, 2012 – $0.60 Oct 2013
TXR TSX-V
TX0 Frankfurt
3
4. Accomplished Management
Joseph Campbell, P. Geo – President
•
33 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
•
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
•
33 years of international experience in exploration and mining including:
•
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
4
5. NORTHBELT PROPERTY
Acquired Northbelt Property
Feb 2013
• Property on north boundary of
Yellowknife, a City Founded on
Gold Mining
• 100% Owned Mine Leases –
Holding Cost $17,000/year
• No work commitments
• Virginia Mines holds option to
purchase a 2% NSR for $2 million.
City of
Yellowknife
5
7. Northbelt Property – The Right Geology
• Northern Extension of the Geology
Containing the Con (5.5M oz) and Giant
(7.8M oz) Mines @ 11 g/t Au
• Area: 36.5 Sq km
• 13 km Strike Length on
Main Yellowknife Gold Break
• Historical reports show at least 463 holes
drilled on Northbelt property
CRESTAURUM
• Innumerable Au Targets Including historic
Crestaurum Deposit
C-ZONE
LYNX
GBK
SUPERCREST
7
8. Excellent and Accessible Infrastructure
Bluefish
Hydro Dam
BLUEFISH HYDRO DAM
Opened July 30th, 2013
Current Capacity 7.5Mw - Expandable
POWER
LINE
CRESTAURUM
Accessible with Infrastructure
•Year Round Road Access from City
of Yellowknife
•8 km from Yellowknife Airport
•2 km from new Blue Fish HydroElectric Dam
CRESTAURUM
ROAD
Airport
GIANT MINE
8
9. Core From 200+ Drill Holes
August 2013
TerraX’s New
Core Facility
Core from more
than 200 drill
holes previously
stored in the core
yard at the Giant
Mine site
9
10. Finding Old Drilling Collars
+250 drill
hole collars
found,
155
surveyed
this June
10
11. NORTHBELT PROPERTY
463 known Historic Drill Holes on property
including:
• 190 Crestaurum
• 20 Barney Shear (NEBEX 1995-96)
• 80 Homer Lake VMS Target
250+ Drill Collars Found including:
• 123 Crestaurum
• 29 Barney Shear, 20 Shear and 19 Shear
• 39 Homer Lake VMS Target
200+ Core Intersections Found including:
• 74 Crestaurum (1985 – Giant)
• 86 NEBEX (1993-96) including Barney, 20
Shear, 19 Shear & Crestaurum Strike Extension
• 30 Homer Lake VMS Target (1970’s – Giant)
11
13. 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
•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)
•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
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
13
14. Airborne Survey July 2013
MAGNETICS
EM
POTASSIC
RADIOMETRICS
Homer Lake
VMS Target
Low level Helicopter Borne System
•520 line KM
•East-West lines 100m spacing
•Two North-South tie lines 3km
spacing
•Completed for 1/3 cost of other
Northern Surveys because of
proximity to Yellowknife Airport
Pinto Shear
Low level Helicopter
Borne System
100-200’ high (30-60 m)
Crestaurum
Barney
14
15. Prospecting June 2013
Completed 293 Sample Program
165 chip samples from 80
separate locations
128 grab samples.
•
Assay values of 49.30 g/t Au and 55.2 g/t
Ag in one grab sample at Pinto
•
529 g/t Ag, >20% Pb and 9.44% Zn in
one grab sample from Homer Lake
15
18. Crestaurum Deposit – Re-sampled Core Results
Assay Intervals from Crestaurum Deposit
Drill Hole
DDH85-118
DDH85-121
DDH85-134
DDH85-157
DDH85-166
DDH85-167
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
145.00
2.00
Au g/t
13.07
5.92
13.45
67.69
11.96
5.47
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
DDH85-181
DDH85-187
Central Shoot
FROM (m)
TO (m)
Width (m)
57.00
59.00
2.00
67.00
70.00
3.00
81.00
86.00
5.00
Au g/t
10.04
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
18
19. Crestaurum Zone - Vein 1 187 DDH
Slide 20
85-187
85-118
85-150
Slide 21
North Ext
Ore Shoot
85-174
0m
South Ore
Shoot
Central
Ore Shoot
LONGITUDAL SECTION
100m
200m
400m
North Ore
Shoot
DDH85-150
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
Central Ore Shoot
85-187
PLAN MAP
0m
100m
200m
400m
South Ore Shoot
85-174
19
21. Crestaurum Deposit – North Extension Shoot
DDH85-150 – September 2013
5.00m @ 62.90 g/t
DDH85-148 – September 2013
5.00m @ 4.43 g/t
DDH85-151 – September 2013
3.00m @ 4.59 g/t
21
22. Crestaurum Historical Metallurgy
1985 Program: 44 samples of drill core rejects from 7 drill holes – we have
re-sampled all 7 holes and verified the grades
Composite A
•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
22
23. BARNEY SHEAR TARGET
Prospective New
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
23
25. Barney Shear Zone
NB95-16 Assay Results
From (m)
To (m)
Interval
(m)
334.06
362.38
28.32
2.94
13.11
including 337.00
357.86
20.86
3.79
17.13
including 337.00
348.00
11.00
6.11
28.23
including 337.00
341.00
4.00
12.59
64.63
Total
Zone*
Au (g/t)
Ag (g/t)
*Mineralized Zone is missing 0.94m of “display core” taken in
1995 of selected parts of highest grade sections – therefore true
grade of zone is likely understated
25
26. HOMER LAKE BASE METAL
Key points of target
•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
26
28. Moving Forward
• Data Compilation and 3D Modeling continues
• Community Liaison, Permitting ongoing – over 50 meetings with
Government, First Nations and other Stakeholders – Strong Support
for Project
• Airborne Magnetic/EM/Radiometric Survey Interpretation
Continues
• Fall Field Work – Completed September 2013 – Awaiting Assays
• Re-logging Drill Core Ongoing – Over 20,000 Meters of Drill Cores
Available
• Initial Drilling – Winter 2013/14 on Top Priority Targets
28
29. Summary
• Strong & Experienced Management Team
• Tight share structure with low fixed burn rate
• Highly prospective property on trend with two world
class (5 Moz +) historic gold deposits
• numerous high-grade showings and drill intercepts
• Readily accessible, close to
infrastructure within a mining city
• Extensive exploration work completed
• Drilling planned for winter 2013/14
• Ongoing news flow with minimal
expenditures
29
