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Burnstone Ventures Investor Presentation Molybdenum Mine

Date post: 11-Nov-2014
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Learn about our current focus: The Tomichi copper-molybdenum porphyry project in Gunnison County, south-central Colorado. The Project is located along the southeastern edge of the Colorado Mineral Belt, host to some of the world's largest moly deposits such as Henderson, Climax and Mt. Emmons.
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CNSX: BVE Tomichi Copper-Molybdenum Project
Page 1: Burnstone Ventures Investor Presentation Molybdenum Mine


Tomichi Copper-Molybdenum Project

Page 2: Burnstone Ventures Investor Presentation Molybdenum Mine


Forward Looking Statement

This presentation contains certain statements that may constitute "forward-looking statements "within the meaning of Section 21E of the United States Securities Exchange Act of 1934 and “forward looking information” within the meaning of applicable Canadian provincial securities legislation (collectively “forward looking statements”). All statements in this presentation, other than statements of historical fact, that address events or developments that the Company expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", “suggest” and similar expressions, or that events or conditions "will", "would", "may", "could” or "should” occur. Forward-looking statements in this presentation include statements regarding the timing and nature of future exploration programs and projections which are in part, dependent on results from those exploration programs.

Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements express or implied by the forward-looking statements. These statements are based on a number of assumptions regarding general market conditions, timing and receipt of regulatory approvals, the ability of the Company and other relevant parties to satisfy regulatory requirements, the availability of financing for proposed transactions and programs on reasonable terms, and the ability of third-party service providers to deliver services in a timely manner.

Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, results of exploration, availability of capital and financing on acceptable terms, in ability to obtain required regulatory approvals, and market conditions and general business, economic, competitive, political and social conditions. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those express or implied forward-looking statements, there may be other factors which cause actual results to differ. Accordingly, readers should not place undue reliance on forward-looking statements. Forward- looking statements contained here in are made as of the date of this presentation, and the Company disclaims any obligation to update these forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

Page 3: Burnstone Ventures Investor Presentation Molybdenum Mine


Tomichi Copper-Molybdenum Project

Tomichi Copper-Molybdenum


Climax Molybdenum


• Located approximately 100 miles southwest of Denver on the eastern edge of Gunnison County

• In the Colorado Mineral Belt, amongst world class molybdenum producers• Including Climax and Henderson

• No work done since early 1980’s• Mike Perkins, current Project Geologist

worked on the property in the 80’s

• Historic drilling intersected widespread copper & molybdenum mineralization

• Highlights from previous drilling include• 347.9m of 0.06% Mo & 0.31% Cu• 325.3m of 0.04% Mo & 0.32% Cu

• Property has never been assayed for Gold or Silver

Page 4: Burnstone Ventures Investor Presentation Molybdenum Mine


Tomichi Project

Mineral Rights boundary

• Property is 10 miles drive from highway 50

• Good road access throughout property

• Consists of 95 claims

• Approximately 2,200 acres

Page 5: Burnstone Ventures Investor Presentation Molybdenum Mine


History of the Property• Tomichi district was discovered in 1879

• Lead-zinc-silver-gold ores were mined from 1901 to 1950 just south of the property

• 50,000 ft of drilling completed on the Property between the 1957 to 1981• Exploration ceased during the early 1980’s due to the drop in metal prices

• Fractured land ownership prevented exploration until 2011

• Never tested for Gold & Silver

• Widespread Copper & Molybdenum mineralization , currently 1500 by 800 metres open to the North & East and at depth

DDH # From (m)

To (m)

Interval (m) %Mo %Cu %Cu Eq(1)

TM-04 140.2 385.7 245.4 0.066 0.08 0.34TM-05 20.1 328.4 308.2 0.054 0.24 0.46TM-07 6.1 441.2 435.1 0.024 0.26 0.36TM-08 9.8 420.7 411 0.036 0.25 0.39TM-09 10.1 357.9 347.9 0.06 0.31 0.55TM-10 8.2 263.4 255.2 0.06 0.29 0.53TM-11A 30.5 302.1 271.6 0.06 0.16 0.4TM-13 73.2 398.5 325.3 0.042 0.32 0.49TM-14 70.1 337.5 267.4 0.048 0.21 0.4TM-15 21.3 337.5 316.2 0.06 0.22 0.46

(1) Copper Equivalent values were derived based on $10.00/lb molybdenum and $3.00/lb copper.

Project highlights

Page 6: Burnstone Ventures Investor Presentation Molybdenum Mine


Tomichi Geology

• Mineralization consist of disseminated and fracture controlled molybdenite and chalcopyrite hosted in mid-Tertiary, potassic altered, porphyritic quartz monzonite

• Many of the 55 historic diamond drill holes intersected mineralization at the surface and terminated in ore grade material (most holes were 300 metres in length)

• Mineralization has been traced to a depth of 550 metres from surface

Page 7: Burnstone Ventures Investor Presentation Molybdenum Mine


2011 Work Program

• 10,000 metres of drilling planned from August to November 2011• Assay for Gold & Silver• Confirm historic drilling

results• Complete 43-101


• Geophysical survey

• Geological and structural mapping of the identified porphyry system

• Preliminary resource estimate by early 2012

• Seek listing on the Toronto Stock Exchange (TSX)

Page 8: Burnstone Ventures Investor Presentation Molybdenum Mine


2011 Work Program

Page 9: Burnstone Ventures Investor Presentation Molybdenum Mine


2011 Work Program

Page 10: Burnstone Ventures Investor Presentation Molybdenum Mine


2011 Work Program

Page 11: Burnstone Ventures Investor Presentation Molybdenum Mine


2011 Work Program

Page 12: Burnstone Ventures Investor Presentation Molybdenum Mine


2011 Work Program

Page 13: Burnstone Ventures Investor Presentation Molybdenum Mine


Corporate Information

50% insider and management owned!+20% held by two major shareholders

Shares Outstanding(Pure Diamonds Consolidation 10:1 in 2009)

5.9 Million

Private Placements(2009 & 2010)

8.7 Million

Property Payment (held by management) 3.6 Million

Stock Options 1.1 Million

Warrants Outstanding(5.7 Million expire December 2011)

8.7 Million

Fully Diluted 28.0 Million

Page 14: Burnstone Ventures Investor Presentation Molybdenum Mine


Corporate InformationDoug Fulcher, President, CEO, Director Doug Fulcher brings over 30 years experience in mining exploration. He has worked with numerous senior and

junior mining companies domestically and at an international level, both publicly and privately. Doug was the President, CEO of Abacus Mining and Exploration from 2003 until 2010 where he was instrumental in the development of the Afton-Ajax project. Doug also serves on the Boards of Directors of both Redstar Gold Corp. and Maritime Resource Corp. Doug was the President of Skygold Ventures Ltd. and a director of Niblack Mining Corp.

Gord Keevil, Director Gordon Keevil graduated from Queen’s University with a Bachelor of Science (Hon.) in geology and is a designated

Professional Geologist in the province of Alberta. He brings to the company over 25 years of technical and corporate experience related to the management and operation of resource companies. Mr. Keevil has focused his professional efforts towards junior listed companies involved in mineral exploration.

Eugene Beukman, Vice President of Administration and Corporate Secretary, Director• Eugene Beukman holds B. Iuris and LLB degrees from the University of South Africa and brings over 22 years of

legal and financial expertise in mineral exploration and development to the company. With his specialization in mining law from South Africa, he relocated to Vancouver in 1993. Eugene also serves on the Board of Directors for a number of other public mining companies based in Canada.

Emmet McGrath, CFO, Director• Emmet McGrath serves as a director for Bard Ventures Ltd., a company listed on the TSX Venture Exchange and

Beatrix Ventures Inc., a company listed on the Canadian National Stock Exchange. He graduated from the University of Calgary in 1971 with a Bachelor of Commerce Degree and is a Chartered Accountant. From 1981 to 2002, he was employed as a partner at KPMG for Greater Vancouver.

Page 15: Burnstone Ventures Investor Presentation Molybdenum Mine


Technical Team InformationMike McInnis, Geologist• Mr. McInnis brings over 35 years of experience in mineral exploration in North America and overseas. He provides

sound management expertise with over 25 years of experience in managing public resource companies and has a demonstrated track record in acquiring and developing high quality mineral projects. He is the President & CEO of Riverstone Resources and serves on the Boards of several other minerals companies including Redstar Gold Corp., Canasil Resources Inc. and Victoria Gold Corp.

Mike Perkins, Project Geologist Mike has been working in exploration geology since 1969. During these forty years he has worked mainly in the

Western U.S., including the Great Basin, Rocky Mountains and southwestern Alaska. Mike has gained expertise in exploration for, and development of precious and base metal deposits with special expertise in high sulfidation gold deposits and copper/molybdenum porphyry deposits. He has worked for such companies as Cities Service Minerals, and Anaconda Minerals. While with Anaconda he served as Project Geologist at Summitville, Colorado, where he lead an effort that discovered a deposit containing 6 million ounces of gold. He has spent many years consulting for numerous Vancouver junior mining companies and is currently working with Burnstone Ventures as Project Manager. He graduated with B.S. and M.S. degrees in geologic sciences from the University of Colorado.

Jim Chapman, Consulting Geologist• Jim Chapman graduated with his degree in geology from the University of British Columbia in 1976. His 31 years

experience in geological exploration has included all aspects of the industry from project generation through implementation and report preparation for owners, clients and regulatory authorities. Since 1982 he has operated as an independent consulting geologist on projects ranging from property evaluation, reconnaissance level exploration to deposit definition drilling programs. These programs have included mineral exploration for base and precious metals, diamonds, phosphate, graphite and uranium in the Americas, Europe and Africa. This work has been carried out for a number of junior exploration companies and consulting groups, predominantly based in Vancouver. In addition to the technical aspects of the business Mr. Chapman has been a director and officer of several public companies on the TSX-V and NASDAQ OTC exchanges.

K. Brock Riedell, Consulting Geologist• Brock Riedell has over 30 years minerals exploration experience, emphasizing porphyry Cu/Mo/Au deposits, with BHP

Billiton (where he served as Chief Geologist), Newmont, and Exxon Minerals.  While at Exxon he led the exploration and initial delineation of the 875-Mt Mount Hope, Nevada porphyry molybdenum deposit now being permitted for development by a General Moly/POSCO joint venture.  Since 2009, he has served as a consultant and technical advisor on advanced copper-molybdenum-gold projects in North and South America.  He is a 1976 graduate of Williams College with a Bachelor of Arts (Honors) in Geology, and in 1979 received a Master of Science degree in Geological Sciences from the University of Washington.

Page 16: Burnstone Ventures Investor Presentation Molybdenum Mine


Contact Information

Head Office Address:615 – 800 West Pender St

Vancouver, British Columbia, CanadaV6C 2V6

Tim Mikula – Investor Relationsp. 604.681.7733f. 604.684.0279

e. [email protected]