Post on 16-May-2018
transcript
Slide 1 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
DISCO VERY DRIVEN
… in the vast, untapped mineral wealth of the Philippines
DISCO VERY DRIVEN
… in the vast, untapped mineral wealth of the Philippines
Slide 1 of 48
300 miles
North
America
SouthAmerica
PHILIPPINES
Japan
Korea
India
THE PHILIPPINES• prolifically mineralized
volcanic arcs: copper, gold, nickel
• proximity to markets & huge metals demand: China, Japan, Korea
THE PHILIPPINES• prolifically mineralized
volcanic arcs: copper, gold, nickel
• proximity to markets & huge metals demand: China, Japan, Korea
Mindoro Projects
Manila
Philippines in the Pacific Ring of FirePhilippines in the Pacific Ring of Fire
China
Slide 2 of 48
Slide 3 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.One of the world’s most highly gold-
copper mineralized countriesTremendous untapped potential–– Four world class discoveries in past Four world class discoveries in past
decade, two occurring in past 5 years decade, two occurring in past 5 years
Favourable political regulatory climate–– ProPro--mining and exploration policiesmining and exploration policies–– Landmark Supreme Court decision Landmark Supreme Court decision
allowing 100% foreign ownershipallowing 100% foreign ownership• Recipient of The Mining Journal’s
Country Award for most improved investor climate in 2005
Major Deposit
The PhilippinesThe Philippines
Mindoro Project
Slide 4 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.On the ground experience since 1997
Amassed significant land position–– 50,000 hectares in three well50,000 hectares in three well--mineralized mineralized
porphyry copperporphyry copper--gold beltsgold belts•• 22 porphyry copper22 porphyry copper--gold prospects = gold prospects =
22 shots at a $5 22 shots at a $5 -- $10 $10 billionbillion ore body!ore body!•• 5 epithermal gold prospects5 epithermal gold prospects•• 1 nickel 1 nickel lateritelaterite prospectprospect
Exploration and drilling funding includes:–– Panoro Minerals funding Surigao District Panoro Minerals funding Surigao District
exploration & drillingexploration & drilling–– BHP Billiton funding nickel BHP Billiton funding nickel lateritelaterite drillingdrilling
Mindoro Advantage in the Philippines Mindoro Advantage in the Philippines
Major Deposit
Mindoro Project
Batangas
Panay
Surigao
Slide 5 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Discovery Driven Strategy for 2006Discovery Driven Strategy for 2006
Major Deposit
Mindoro Project
Batangas
Panay
Surigao
Drill test 6 highest priority porphyry copper-gold targets
Identify 2 -3 new porphyry discoveries:–– significant increase in value significant increase in value
of shares and propertiesof shares and properties
–– identify potential senior mining identify potential senior mining company to take project into productioncompany to take project into production
Evaluate economic potential of nickel laterite–– if viable, negotiate with BHP if viable, negotiate with BHP
to take to productionto take to production
Only Mindoro has 22 porphyry copper
gold targets!Seven targets to be drill tested in 2006
Only Mindoro has 22 porphyry copper
gold targets!Seven targets to be drill tested in 2006
RESOURCES LTD.
Slide 7 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Philippines Copper-Gold SystemPhilippines Copper-Gold System
++ +
+ ++
+ +
A few100 m
++
Alteration Zoning
Epithermal Epithermal gold - silver depositsgold - silver deposits* smaller tonnage* smaller tonnage* higher grade* higher grade
Porphyry Porphyry copper - gold depositscopper - gold deposits* large tonnage* large tonnage* lower grade* lower grade* bulk mineable* bulk mineable* often as clusters* often as clusters
Example: Mindoro’s SW Breccia
Example:Mindoro’s Kay Tanda
Example:Anglo-Philex’s
Boyongan219 M.t. @
0.5% copper,0.7 g/t gold
V o l c a n i c A r cV o l c a n i c A r c
RESOURCES LTD.
Average Philippine porphyry: – 380 million tonnes– Copper grade: 0.48% – Gold grade: 0.40 g/t
At prevailing metal prices = in-situ value of
US$11billion
Average Philippine porphyry: –– 380 million 380 million tonnestonnes–– Copper grade: 0.48% Copper grade: 0.48% –– Gold grade: 0.40 Gold grade: 0.40 g/tg/t
At prevailing metal prices = in-situ value of
US$11billionUS$11billion
Slide 9 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Geophysics and Porphyry DepositsGeophysics and Porphyry Deposits
Induced polarization (IP) used to define porphyry copper-gold deposits–– Defines iron and copper Defines iron and copper sulphidessulphides–– Porphyry deposits Porphyry deposits
consist of iron and consist of iron and copper copper sulphidessulphides
Slide 10 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
DIPOLE – DIPOLEINDUCED POLARIZATION
SURVEYSurvey and Presentation by:
McPHAR GEOSERVICES (PHILIPPINES), INC. 500 m
0
300 m
Induced Polarization Chargeability ModelInduced Polarization Chargeability Model
Looking for “hot” spots = areas of high “chargeability”
(IP results from Calumpang)
Slide 11 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
SURIGAO PROJECTS:Tapian San FranciscoTapian MainAgataMat-I
SURIGAO PROJECTS:Tapian San FranciscoTapian MainAgataMat-I
A
A
A
MINDANAOAA
A
A
AAA
AA
AAA
A
A
A
A
PANAY
AA
!
Manila
LUZON
Pan de AzucarPan de Azucar
Bayugo Bayugo BoyonganBoyongan
TampakanTampakan
VictoriaVictoria
MasaraMasara
SianaSiana
HijoHijoAmacanAmacan
KingkingKingking
SabenaSabenaDiwalwalDiwalwal
BagacayBagacay
Rapu RapuRapu Rapu
Paracale Paracale
DidipioDidipio
CanatuanCanatuan
SibutadSibutad
AroroyAroroy
SipalaySipalay
TapianTapian
PlacerPlacer
San AntonioSan Antonio
United ParagonUnited Paragon
HinobaanHinobaan
BasayBasay
AtlasAtlas
BulawanBulawan
MarianMarian
AntamokAntamok
DizonDizon
LepantoLepantoFar SoutheastFar Southeast
AcupanAcupanSanto Tomas IISanto Tomas II
BATANGAS PROJECTS:
LoboArchangel
BATANGAS PROJECTS:
LoboArchangel
(within last decade)(within last decade)
Major DepositMajor Deposit
Recent Major DiscoveryRecent Major Discovery
AA
AA
Mindoro ProjectMindoro Project
A look at:A look at:
AAAA
AA
AAAA AA
AA
AAAA
AA
AA
AA
AA
AA
AAAA
AA
AA
AAAAAA
AAAA
AAAAAA
AA
AA
AA
AA
AAAA
AA
AA
AA
AA
Mindoro Projects in the PhilippinesMindoro Projects in the Philippines
Slide 12 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
10 Oct. ‘05
unsurveyed
unsurveyed
unsurveyed
unsurveyed
O c e a n0 5km
N
Lobo
Taysan
Epithermal vein –breccia trends / prospects(gold – silver - copper)
MindoroExploration Permit Applications
Copper – goldprospects / old mines.To be evaluated
Porphyry copper –gold prospects
Phelps Dodge
MindoroMineral ProductionSharing Agreement
To Manila
Manila
Luzon
Mindanao
Balibago
Lumbangan
Marita - Agas
Kalabasa-Bootin
Calumpang Palacpac
SW Breccia Gold (epithermal)
Phelps Dodge’s Taysan porphyry
copper-gold deposit
Pica Porphyry Copper Gold Discovery
Kay Tanda (porphyry & epithermal)
BATANGAS PROJECTS - 24,000 ha- 10 porphyry copper-gold prospects
Calo
El Paso
Slide 13 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
O c e a n0 5km
N
10 Oct. ‘05
Manila
Luzon
Mindanao
BATANGAS PROJECTS - focus on 4 high-priority targets
Epithermal vein –breccia trends / prospects(gold – silver - copper)
MindoroExploration Permit Applications
Copper – goldprospects / old mines.To be evaluated
Porphyry copper –gold prospects
Phelps Dodge
MindoroMineral ProductionSharing Agreement
unsurveyed
unsurveyed
unsurveyed
unsurveyed
Lobo
Taysan
To Manila
Phelps Dodge’s Taysan porphyry
copper-gold deposit
Pica Porphyry Copper Gold Discovery
• 213 m @ 0.18% cu & 0.3 g/t au • Pica hole 3 currently in progress
Kay Tanda (porphyry & epithermal)
El Paso (porphyry)• trenches gave wide
intervals of plus 1% cu
Calo (porphyry)• intense IP anomaly• porphyry related alteration
Slide 14 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Far NE
West Drift
Balisong
Lobo Mine
Camo
Nagtoctoc
Mineralized and altered volcanics
High chargeability at 250m depth
Mineralization shoot
Epithermal vein breccia trend
Limestone
Drill hole
Geophysical Anomalies
Jasperoid / silica breccia float
Road
High resistivity at 100m depth
Alluvium
?
Camo Trend
Sampson Trend
Underapplication
Underapplication
1km0
%??
Lobo Project: Pica Porphyry DiscoveryLobo Project: Pica Porphyry Discovery
SW Breccia Mineral Resource• Indicated: 270,000 t @ 6.40 g/t gold = 56,380 oz• Inferred: 60,000 t @ 5.35 g/t gold = 10,540 ozs• Open to south west and depth
SW Breccia Mineral Resource• Indicated: 270,000 t @ 6.40 g/t gold = 56,380 oz• Inferred: 60,000 t @ 5.35 g/t gold = 10,540 ozs• Open to south west and depth
Slide 14 of 48
???
?
?
?
?
?
?
Pica Porphyry Copper-Gold DiscoveryPica Porphyry Copper-Gold Discovery
Drill hole 1Drill hole 2
Slide 15 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
8000E 9000E
∧
∧
MAGNETIC HIGH
0
100m
100m
∧
∧∧
∧
++
∧
∧
∧∧
∧
∧∧
∧
∧∧
∧
∧
∧∧
+
+
+
+××
×
+
+ +
+
+
+
0m
100mASL
∧
×
(Looking NE)
CHARGEABILITY ANOMALY AT 250M DEPTH
PC-02PC-01
+
123.7 m123.7 m123.7 m123.7 m123.7 m123.7 m123.7 m123.7 m123.7 m
Biotite - k-felds -chlorite- magnetite (potassic)
ALTERATION
∧ ∧
×
∧
×
×
HIGH RESISTIVITY
∧
∧
∧
∧∧
+
LITHOLOGY
× ×
Quartz diorite porphyry (intrusive)
High sulphidation epithermal vein
Alluvium
∧
∧
∧
213m @0.18% Cu0.30 g/t Au1.19 g/t Ag∧
∧
∧
∧
∧
∧
∧
∧ ∧
∧ ∧∧
∧
Advanced argillic
Porphyritic andesite (volcanics)
Propylitic
Phyllic
K-felds - biotite (potassic)
++
+
+
+
+
+
+
+
+
++
+
Diorite porphyry (dike)
+ +
⎨ ⎨
7000E
-400m
-300m
-500m
-600m
-100m
-200m
A A’
Lobo Project, Pica Geologic Section, A – A’Lobo Project, Pica Geologic Section, A – A’
PC-03
• Current objective: to locate higher grade zones of the porphyry system
• Hole 3 currently underway
Slide 17 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
unsurveyed
unsurveyed
unsurveyed
unsurveyed
O c e a n
BATANGAS PROJECTS
0 5km
N
10 Oct. ‘05
Lobo
Taysan
Epithermal vein –breccia trends / prospects(gold – silver - copper)
MindoroExploration Permit Applications
Copper – goldprospects / old mines.To be evaluated
Porphyry copper –gold prospects
Phelps Dodge
MindoroMineral ProductionSharing Agreement
To Manila
Manila
Luzon
Mindanao
Phelps Dodge’s Taysan porphyry
copper-gold deposit
Pica Porphyry Copper Gold Discovery
• 213 m @ 0.18% cu & 0.3 g/t au • Pica hole 3 currently in progress
Kay Tanda (porphyry & epithermal)
El Paso (porphyry)• trenches gave wide
intervals of plus 1% cu
Calo (porphyry)• intense IP anomaly• porphyry related alteration
Slide 18 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Philippines Copper-Gold SystemPhilippines Copper-Gold System
++ +
+ ++
+ +++
Example:Mindoro’s Kay Tanda
V o l c a n i c A r cV o l c a n i c A r c
Most of Mindoro’s projects exhibit characteristics of a classic porphyry copper-gold system overlain with epithermal gold deposits:
++ +
+ +
+
++
++
Indications the underlying
porphyry may be telescoped into the upper
epithermal layer
Slide 19 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Archangel: Kay Tanda Gold-Silver ZoneArchangel: Kay Tanda Gold-Silver Zone
Ocean
]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]
Lumbangan
A
5m @1.71 g/t Au56.0 g/t Ag
11m @1.5 % Cu5.2 g/t Ag1.64 % Zn(Related to porphyry copper)
North Lumbangan
9.92 g/t Au4.0 g/t Ag1 % Pb
]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]]] 4m @0.62 g/t Au99.7 g/t Ag
[
Intense quartz veining / stockworking
Altered volcanics
Moderate quartz veining / stockworking
Trench
Younger cover rocks
200 metres
Creek
. Drill holes
A Old mine working
0
Outcrop grab sample
Underlying porphyry copper-goldsystem not shown
]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]]]
14m @0.65 g/t Au153.2 g/t Ag
1.1 g/t Au3.4 g/t Ag
.
.
. ..
..
.
.
.
.
7.12 g/t Au4.1 g/t Ag
Kay Tanda370,000 ozinferred goldresource (open)
Pulang Lupa
A
5m @0.65 g/t Au1.0 g/t Ag
5m @0.50 g/t Au7.4 g/t Ag
]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]]]
51m @1.24 g/t Au25.5 g/t Ag
]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]
23m @1.86 g/t Au11.7 g/t Ag
8m @4.28 g/t Au4.0 g/t Ag
]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]
9m @3.50 g/t Au2.6 g/t Ag
30m @0.15 g/t Au0.9 g/t Ag
.
.
..
.
INDEX MAPEpithermal gold-silver
18m @2.67 g/t Au49.2 g/t Ag
Kay Tanda
1 km0
Porphyry copper-goldsystem In-fill drilling to start
early April to verify exploration target of 500,000 oz gold
Slide 20 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Archangel Project: Kay Tanda Gold ProspectArchangel Project: Kay Tanda Gold Prospect
Historical drilling in 1980’s intersected low grade gold mineralization with some high grade intercepts
Oxide zone leached extremely well in metallurgical tests
Additional metallurgical testing required on non-oxide layer
In-fill drilling planned for early April ’06 to verify initial exploration target of 500,000 oz gold
Gold system open in three directions
Slide 21 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Archangel: Kay Tanda Gold-Silver ZoneArchangel: Kay Tanda Gold-Silver Zone
Ocean
]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]
Lumbangan
A
5m @1.71 g/t Au56.0 g/t Ag
11m @1.5 % Cu5.2 g/t Ag1.64 % Zn(Related to porphyry copper)
North Lumbangan
9.92 g/t Au4.0 g/t Ag1 % Pb
]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]]] 4m @0.62 g/t Au99.7 g/t Ag
]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]]]
14m @0.65 g/t Au153.2 g/t Ag
1.1 g/t Au3.4 g/t Ag
.
.
. ..
..
.
.
.
.
7.12 g/t Au4.1 g/t Ag
Kay Tanda370,000 ozinferred goldresource (open)
Pulang Lupa
A
5m @0.65 g/t Au1.0 g/t Ag
5m @0.50 g/t Au7.4 g/t Ag
]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]] ]]]]]]]]]
51m @1.24 g/t Au25.5 g/t Ag
]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]
23m @1.86 g/t Au11.7 g/t Ag
8m @4.28 g/t Au4.0 g/t Ag
]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]
9m @3.50 g/t Au2.6 g/t Ag
30m @0.15 g/t Au0.9 g/t Ag
.
.
..
.
INDEX MAPEpithermal gold-silver
18m @2.67 g/t Au49.2 g/t Ag
Kay Tanda
1 km0
Porphyry copper-goldsystem
High grade gold from trenches
Plus porphyrymineralization in float boulder and trench
Slide 22 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
DIPOLE – DIPOLEINDUCED POLARIZATION
SURVEY
CHARGEABILITYPLAN (N=4)
Survey and Presentation by:McPHAR GEOSERVICES
(PHILIPPINES), INC.
DIPOLE – DIPOLEINDUCED POLARIZATION
SURVEY
CHARGEABILITYPLAN (N=4)
Survey and Presentation by:McPHAR GEOSERVICES
(PHILIPPINES), INC.
1km1km00
%%
Archangel Project, IP Survey
Archangel Project, IP Survey
Kay Tanda
Slide 23 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
O c e a n
Extensively altered volcanics intrudedby diorite anddacite intrusives
Epithermal gold-silver zones(higher topoelevations)High sulphidationCu mineralization
Limestone
Younger cover rocks
Highchargeability
GeophysicalAnomalies
Highresistivity
Old mine workingRoad
1km0
%
Low sulphidationCu mineralization
HS
LS
Archangel CompilationArchangel Compilation
Slide 23 of 48
Ahit
Extensive copper-gold systemof over six kilometers
9.92 g/t gold from boulder on Marita Prospect
Kay TandaEpithermal gold zone
Marita
Bootin
Balibago
Pulang Lupa
Lumbangan
HS
HSHS
HS
LS
LS
LS
LS
LS
LS
LS
Slide 24 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Archangel – Longitudinal Section InterpretationArchangel – Longitudinal Section Interpretation
Vertical scale 2x horizontal
F
6 Kilometres
NECu SOIL ANOMALIES
A'
CuCu
Cu
SW
Cu SOIL ANOMALIES
A
0m
Cu250m
500m ASL
CuCu
Potassic alteration(mineralized core)
High grade "feeder" veins
CuCopper showing
Propylitic alteration
Phyllic alteration
Epithermal gold-silver
Porphyry Copper-Gold
Argillic alteration
Drilling Kay Tanda goldZone and testing under-lying porphyry copper-gold system to start April’06
Slide 25 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
ArchangelArchangel
Gold deposits at higher elevationsGold deposits at higher elevations
Copper showings at lower elevationsCopper showings at lower elevations
Slide 26 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
unsurveyed
unsurveyed
unsurveyed
unsurveyed
O c e a n
BATANGAS PROJECTS
0 5km
N
10 Oct. ‘05
Lobo
Taysan
Epithermal vein –breccia trends / prospects(gold – silver - copper)
MindoroExploration Permit Applications
Copper – goldprospects / old mines.To be evaluated
Porphyry copper –gold prospects
Phelps Dodge
MindoroMineral ProductionSharing Agreement
To Manila
Manila
Luzon
Mindanao
Phelps Dodge’s Taysan porphyry
copper-gold deposit
Pica Porphyry Copper Gold Discovery• 213 m @ 0.18% cu & 0.3 g/t au • Pica hole 3 currently in progress
El Paso (porphyry)• Favourable structural setting,
similar to Phelps Dodge’s Taysan porphyry deposit
• Soil & geophysical anomalies defined over 3 km x 1.2 km to date
• Trenching samples over wide intervals contained more than 1% copper
Kay Tanda (porphyry & epithermal)
Calo (porphyry)• intense IP anomaly• porphyry related alteration
Slide 27 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
El Paso Trench ResultsEl Paso Trench Results
Average Philippine porphyry –– 0.48% copper0.48% copper–– 0.40 0.40 g/tg/t goldgold
Exploration permit in final stages of approval
Drilling planned for summer 2006
LENGTH (m)
COPPER(%)
GOLD(g/t)
SILVER(g/t)
20 1.65 <0.01 1.5010 0.07 <0.01 <0.5010 5.69 1.02 24.0510 0.21 0.10 1.0520 1.30 0.10 8.405 0.70 0.12 6.105 0.83 0.34 1.80
25 1.20 0.12 17.243 0.12 0.04 <0.504 1.08 0.71 4.20
20 0.87 0.31 3.4330 1.00 0.14 3.7020 0.42 <0.01 1.00
Slide 28 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
unsurveyed
unsurveyed
unsurveyed
unsurveyed
O c e a n
BATANGAS PROJECTS
0 5km
N
10 Oct. ‘05
Lobo
Taysan
Epithermal vein –breccia trends / prospects(gold – silver - copper)
MindoroExploration Permit Applications
Copper – goldprospects / old mines.To be evaluated
Porphyry copper –gold prospects
Phelps Dodge
MindoroMineral ProductionSharing Agreement
To Manila
Manila
Luzon
Mindanao
Phelps Dodge’s Taysan porphyry
copper-gold deposit
Pica Porphyry Copper Gold Discovery
• 213 m @ 0.18% cu & 0.3 g/t au • Pica hole 3 currently in progress
Kay Tanda (porphyry & epithermal)
El Paso (porphyry)• trenches gave wide
intervals of plus 1% cu
Calo (porphyry)• intense IP anomaly• porphyry related alteration
Slide 29 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
1 km0
CALOCOMPILATION
To Manila
To Lobo
N
Altered and mineralized intrusive stocks
High chargeability(>30 msec)
Geophysical Anomaly
Altered volcanics
Younger cover rocks
Road
High sulphidationepithermal veinsCopper mineralizationGrab rock sample
Cross section lineA A’
Tenement Boundary
o p e n
o p e n
o p
e n
0.011 % Cu0.304 g/t Au
1.36 % Cu
3.8 % Cu0.23 g/t Au56 g/t Ag
0.35 % Cu0.06 g/t Au12.2 g/t Ag
0.14 % Cu3.0 g/t Au
A
A’
unsurveyed
unsurveyed
1.7 % Cu1.42 g/t Au
Slide 30 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
POLE-DIPOLE INDUCED POLARIZATION SURVEY
APPARENT CHARGEABILITYLine 9800N
CALO PROJECT
A A’
Survey and presentation by:ELLIOTT GEOPHYSICS
INTERNATIONAL PTY. LTD.
Survey Details:Transmitter : Zonge GGT-10Receiver : Zonge GDP-16Generator : 7.5 KVAFrequency : 0.125 HzDipole Size : 150 m
0 500m
50454035302520151050
Slide 31 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
(within last decade)
Major Deposit
Recent Major Discovery
AA
AA
Mindoro Project
Batangas SummaryBatangas Summary
A
A
A
MINDANAOAA
A
A
AAA
AA
AAA
A
A
A
A
PANAY
AA
!
Manila
LUZON
AA
A
AA A
A
AA
A
A
A
A
A
AA
A
A
AAA
AA
AAA
A
A
A
A
AA
A
A
A
A
BATANGASdrilling underway on Pica porphyry discovery
drilling Kay Tanda epithermal and porphyry targets scheduled for 1st Q 2006
multiple porphyry copper-gold targets emerging at El Paso; drilling upon receipt of EP
drilling Calo summer 2006
Slide 32 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
(within last decade)
Major Deposit
Recent Major Discovery
AA
AA
Mindoro Project
Discovery Driven Exploration StrategyDiscovery Driven Exploration Strategy
A
A
A
MINDANAOAA
A
A
AAA
AA
AAA
A
A
A
A
PANAY
AA
!
Manila
LUZON
AA
A
AA A
A
AA
A
A
A
A
A
AA
A
A
AAA
AA
AAA
A
A
A
A
AA
A
A
A
A
SURIGAOMindoro: 75% interest; Philippine partner: 25%
Canadian Panoro Minerals earning 40% by spending CDN $2 million
BATANGAS
Slide 33 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Philippine Sea
LakeMainit
Butuan Bay
Bayugo
Madja
Mayag
Masgad
Taganito
Queensland Nickel(BHP Billiton)
Hinatuan
Asiga
0 5km
N Road
A
Recent porphyrycopper-gold discovery
Porphyry copper-goldprospectsGold or gold-copper minedeposit / significant prospect
Gold or gold-copper prospect
Faults
Nickel laterite mine /development project
Mindoro Project
Anglo - Philex
Anglo Ashanti -Red 5
Climax
Other Companies
Transpacific - Philex
Manila
Luzon
Mindanao
Anglo Ashanti• joint venture with Red 5• Siana Deposit · past production 1m ozs gold· current resources 1.6m ozs gold· feasibility stage
Slide 33 of 48
Mindoro in the Surigao Gold District
Anglo American• joint venture with Philex Gold•Boyungan Deposit •219 m.t. @ 0.81 % Cu, 0.74 g/t Au
Mindoro holds >25,000 ha
(shown in blue)
Senior mining companies hold
adjoining properties
Slide 34 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Philippine Sea
LakeMainit
Butuan Bay
Bayugo
Madja
Mayag
Masgad
Taganito
Queensland Nickel(BHP Billiton)
Hinatuan
Asiga
0 5km
N Road
A
Recent porphyrycopper-gold discovery
Porphyry copper-goldprospectsGold or gold-copper minedeposit / significant prospect
Gold or gold-copper prospect
Faults
Nickel laterite mine /development project
Mindoro Project
Anglo - Philex
Anglo Ashanti -Red 5
Climax
Other Companies
Transpacific - Philex
Manila
Luzon
Mindanao
Agata•Agata North•Agata South•American Tunnels•Assmicor•Limestone (epithermal)•nickel laterite prospect
Tapian San Francisco• Waterfalls•Cantikoy•Gold Hill•Canaga
Mat – I
Tapian Main•Tapian Main (porphyry & epithermal)
•Bolobolo
Anglo Ashanti
Slide 34 of 48
Mindoro in the Surigao Gold District
Anglo American
10 porphyry copper-gold targets:
10 porphyry copper-gold targets:
2006 focus onAgata & Tapian San Francisco
2006 focus onAgata & Tapian San Francisco
Slide 35 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
%
O c
e a
n
Tubay River
Philippine Fault
Agata CompilationAgata CompilationBHP Billiton funding drilling of nickel lateriteprospect.
3 rigs currentlydrilling on site
Taganito due diligence:38 sampleshighest 2.9% avg. 0.5%
? ? ? ?
South PorphyrySouth PorphyryTargetTarget
North PorphyryNorth PorphyryTargetTarget
+
+
+
%%
%
%%
%
%% %
%%
% %
%%
.
.
1km0%
Altered harzburgite(quartz - magnetite veining ± pyrite)
Intrusive complex
High resistivity anomaly
Nickel laterite
High chargeability anomaly
Old mine working / epithermal gold
Cu mineralization
Structurally controlledPhyllic altered zones
+
%
Slide 35 of 48
Drilling underwayon North Target
Drilling to start in 2Q 2006 on South Target
Nickel lateriteprospect
Slide 36 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Philippine Sea
Madja
Boyungan (Anglo/Philex)(219 m.t. @ 0.81 % Cu, 0.74 g/t Au)
Taganito
Queensland Nickel(BHP Billiton)
Hinatuan
Asiga
Mindoro in the Surigao Gold District•10 porphyry copper-gold prospects•2 epithermal gold prospects•nickel laterite prospect
0 5km
N Road
A
Recent porphyrycopper-gold discovery
Porphyry copper-goldprospectsGold or gold-copper minedeposit / significant prospect
Gold or gold-copper prospect
Faults
Nickel laterite mine /development project
Mindoro Project
Anglo - Philex
Anglo Ashanti -Red 5
Climax
Other Companies
Transpacific - Philex
Manila
Luzon
Mindanao
Siana (Anglo Ashanti/Red 5)· past production 1m ozs gold· current resources 1.6m ozs gold· feasibility stage
Slide 36 of 48
LakeMainit
Butuan Bay
Bayugo
Mayag
Masgad
Agata•Agata North•Agata South•American Tunnels•Assmicor•Limestone (epithermal)•nickel laterite prospect
Tapian San Francisco• Waterfalls•Cantikoy•Gold Hill•Canaga
Mat – I
Tapian Main•Tapian Main (porphyry & epithermal)
•Bolobolo
Slide 37 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Tapian San Francisco Compilation
ALTERATION OF ANDESITE
R2c
C4
Fault
Propylitic
Argillic
Phyllic
Old mine working
High chargeability anomaly
High Resistivity anomalyHigh Resistivity anomaly
Copper mineralization
0 500 m
V V
LITHOLOGY
Serpentinized ultramafics
Limestone with carbonaceousshale / siltstone lenses
Andesite
Diorite - andesite porphyry+ +
N
?
?
? ? ?
??
?
?
?
+
+
+++++
++
+++ ++++
+
C6 C5
C7C2 C3
C4
C1
C8C9
VV
V
V
V
V
V
Tenement Tenement BoundaryBoundary
1.01% Cu0.55 g/t Au19.02 g/t Ag25 meters
1.09% Cu0.08 g/t Au13.03 g/t Ag15 meters
Waterfalls
AA
AAAA
A
A
Mina
Villa Riza
Gold HillGold HillCantikoyCantikoy
Slide 37 of 48
Drilling to startearly April ‘06
Slide 38 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
(within last decade)
Major Deposit
Recent Major Discovery
AA
AA
Mindoro Project
SURIGAOdrilling underway on Agata North porphyry target
drilling on Agata South target scheduled for 2nd Q 2006
BHP Billiton funding nickel laterite drilling
multiple porphyry copper-gold targets emerging at Tapian San Francisco
BATANGASdrilling underway on Pica porphyry discovery
drilling Kay Tanda epithermal and porphyry targets scheduled for 1st Q 2006
multiple porphyry copper-gold targets emerging at El Paso; drilling upon receipt of EP
drilling Calo summer 2006
Discovery Driven Exploration StrategyDiscovery Driven Exploration Strategy
A
A
A
MINDANAOAA
A
A
AAA
AA
AAA
A
A
A
A
PANAY
AA
!
Manila
LUZON
AA
A
AA A
A
AA
A
A
A
A
A
AA
A
A
AAA
AA
AAA
A
A
A
A
AA
A
A
A
A
Mindoro Objective:• Add significant value to stock
over next 6 -12 months by confirming 2-3 new discoveries
• Negotiate agreement with senior partner(s) to take discoveries into production
Mindoro Objective:• Add significant value to stock
over next 6 -12 months by confirming 2-3 new discoveries
• Negotiate agreement with senior partner(s) to take discoveries into production
Slide 39 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Socially and Environmentally ResponsibleSocially and Environmentally Responsible
Water well drilled by Mindoro for local villageWater well drilled by Mindoro for local village
Children in front of daycare center built by Mindoro
Children in front of daycare center built by Mindoro
Tree nursery for drill site rehabilitationTree nursery for drill site rehabilitation
Slide 40 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Experienced Board of DirectorsExperienced Board of Directors
Dr. Gerhard Kirchner – Chairman–– 40 yrs international mine development, management & discovery40 yrs international mine development, management & discovery
Tony Climie, President and CEO–– 35 yrs international mineral exploration & discovery35 yrs international mineral exploration & discovery
Oscar Reyes–– former Chairman and CEO of Shell Philippinesformer Chairman and CEO of Shell Philippines
Marshall Farris–– Principal of Ascenta Capital, an investor relations consulting fPrincipal of Ascenta Capital, an investor relations consulting firmirm
Rob Garden, Q.C.–– 30 yrs experience in natural resources law, director of Golden 30 yrs experience in natural resources law, director of Golden
Band ResourcesBand Resources
Slide 41 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
A Snapshot of Dr. Gerhard KirchnerA Snapshot of Dr. Gerhard KirchnerMindoro Chairman
Director of Mindoro since 1996
40 years of international mine development & discovery:–– Zaire (Zaire (KamotoKamoto Mine)Mine)–– SurinamSurinam–– NigeriaNigeria–– CongoCongo–– Greenland (Greenland (ErzbergErzberg
molybdenum porphyry)molybdenum porphyry)–– CanadaCanada
Slide 41 of 48
Slide 42 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Tony Climie, B.SC., P. Geol.Tony Climie, B.SC., P. Geol.CEO, President, DirectorCo-founder in 199635 years international mineral exploration & discovery:–– NikeNike--Concord gold deposit, NevadaConcord gold deposit, Nevada–– Mt. Mt. SkukumSkukum gold mine, Yukongold mine, Yukon–– Wolf Lake uranium deposit, Wolf Lake uranium deposit,
SaskatchewanSaskatchewan–– Damp Damp polymetallicpolymetallic deposit, NWTdeposit, NWT–– MazenodMazenod Lake copperLake copper--cobalt deposit, cobalt deposit,
NWTNWT–– KoongarraKoongarra uranium deposit, Australiauranium deposit, Australia
Slide 43 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
A Snapshot of Oscar ReyesA Snapshot of Oscar ReyesFormer Chairman and CEO Shell Oil Philippines
Responsible for US$5 billion Malampaya oil and gas project
Directorships with major Filipino companies
Former UN Ambassador for HIV / AIDS in Philippines
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E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Capitalization Snapshot (CDN $)Capitalization Snapshot (CDN $)
Shares issued 53.6 millionShares reserved 20.1 million
–– Stock OptionsStock Options 4.8 million4.8 million–– Purchase WarrantsPurchase Warrants 7.5 million7.5 million–– Property AcquisitionsProperty Acquisitions 7.8 million7.8 million
Fully diluted 73.7 millionRecent share price $0.85Market capitalization $45.5 millionYear high-low share price $1.03 - $0.23Current treasury $750,000Fully diluted funds from options & warrants $4.5 million
Slide 45 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Summary of Purchase WarrantsSummary of Purchase Warrants
Issued OutstandingPrice
(CDN$)Fully Diluted
Proceeds Expiration DateAug 05 ’04 333,378 $0.30 $100,013 Aug 05 ’06
Oct 15 ’04 5,062,193 $0.30 $1,518,658 Oct 15 ’06
Oct 15 ’04 57,340 $0.225 $12,901 Oct 15 ’06
Oct 15 ’04 57,340 $0.30 $17,202 Oct 15 ’06
Nov 22 ’04 972,200 $0.30 $291,660 Nov 22 ’06
Apr 12 ‘04 1,058,750 $0.50 $529,375 Oct 12 ‘06
Total 7,541,201 $2,469,749
Slide 46 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Mindoro 1 Yr. Share Performance on TSX-V ExchangeMindoro 1 Yr. Share Performance on TSX-V Exchange
Announced drill results from first hole at Pica
Announced drill results from second hole at Pica
Announced trench resultsfrom Tapian San Francisco
Mindoro’s share price has tripled in the past year…… and our most active season yet is just beginning!
Slide 47 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Why Invest In Mindoro?Why Invest In Mindoro?Dynamic and aggressive Canadian companyMost active drilling season just beginning–– significant upward potential for share pricesignificant upward potential for share price
Big chances to discover big deposits–– 22 shots at $5 22 shots at $5 -- $10 billion deposit$10 billion deposit–– potential to add significant value to potential to add significant value to
shares in short period of time shares in short period of time –– attract senior mining companies to attract senior mining companies to
take projects into productiontake projects into production
Slide 48 of 48
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
E AF < G JGRESOURCES LTD.
Mindoro Resources Ltd.Suite 103, 10471 – 178 St.Edmonton, ABCanada T5S 1R5Tel: 780.413.8187; Fax: 780.426.2716Email: penny@mindoro.comWebsite: www.mindoro.com
Mindoro Resources Ltd.Suite 103, 10471 – 178 St.Edmonton, ABCanada T5S 1R5Tel: 780.413.8187; Fax: 780.426.2716Email: penny@mindoro.comWebsite: www.mindoro.com
Slide 48 of 35
DISCOVERY DRIVEN!DISCOVERY DRIVEN!