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V I O R inc. V I O R inc.
Corporate Presentation,Corporate Presentation,
April 2014April 2014
Claude St-Jacques, President and CEOClaude St-Jacques, President and CEO
Marc L’Heureux, VP Exploration and DirectorMarc L’Heureux, VP Exploration and Director
“ “ Generate and explore high-quality gold projects in the bestGenerate and explore high-quality gold projects in the best
proven and accessible mining areas using our financial proven and accessible mining areas using our financial
expertise and our advanced exploration techniques ”expertise and our advanced exploration techniques ”
DISCLAIMERDISCLAIMER
Statements in this document, to the extent not based on Statements in this document, to the extent not based on historical events, constitute forward-looking statements. historical events, constitute forward-looking statements. Forward-looking statements include, without limitation, Forward-looking statements include, without limitation, statements evaluating market and general economic statements evaluating market and general economic conditions in the preceding sections, and statements conditions in the preceding sections, and statements regarding future-oriented costs and expenditures. regarding future-oriented costs and expenditures. Investors are cautioned not to place undue reliance on Investors are cautioned not to place undue reliance on these forward-looking statements, which reflect these forward-looking statements, which reflect management’s analysis only as of the date thereof. These management’s analysis only as of the date thereof. These forward-looking statements are subject to certain risks forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ and uncertainties that could cause actual results to differ materially. Such risks and uncertainties with respect to the materially. Such risks and uncertainties with respect to the company include the effects of general economic company include the effects of general economic conditions, changing foreign exchange rates and actions conditions, changing foreign exchange rates and actions by government authorities, uncertainties associated with by government authorities, uncertainties associated with legal proceedings and negotiations, industry supply levels, legal proceedings and negotiations, industry supply levels, competitive pricing pressures and misjudgments in the competitive pricing pressures and misjudgments in the course of preparing forward-looking statements.course of preparing forward-looking statements.
Company ProfileCompany Profile
• Quebec-based junior mineral exploration company founded in 1984
• Portfolio of projects in the Abitibi Greenstone Belt
• Strong focus on gold
• Holds ~21M shares of Aurvista Gold Corp. (TSX-V: AVA; Frankfurt: VL5)
• Strong management with experience in North and Latin America
WHY VIOR WHY VIOR
• BUILT ON REAL ASSETS
• Vior holds ~21M shares of Aurvista Gold Corp, owner of the Douay gold project with a gold resources of over 3 M oz
• Good exploration potential on the Vezza-Noyard property located in the extension of the North American Palladium Vezza gold deposit
• Experienced management and technical team with proven track record
• Quality exploration projects in a proven mining area• Well cash-up with $2.1M in the treasury
• FAVORABLE OUTLOOK
• Vior is currently generating and evaluating high-potential gold projects in North and Latin America
• Aurvista (held at 30% by Vior) is on track to complete a new resource calculation at Douay after having drilled 35,000 meters since Nov. 2010.
• Vior is an undervalued junior company considering its assets
T H E C O M P A N YT H E C O M P A N Y
MANAGEMENTMANAGEMENT TEAM TEAM and and BOARD BOARD ofof DIRECTORS DIRECTORS
• Claude St-Jacques, President and CEO Graduated in Management, Founder of Vior, Director of Virginia Gold Mines
• Marc L’Heureux, Vice President Exploration and Director Professionnal Geologist, +25 years experience in North and Latin America
• Gaétan Mercier, CFO Graduated in Business Administration, in Accounting, +25 years experience in
mining exploration
• Jean-François Ouellette, Director Professionnal Geologist, +25 years experience, Co-discoverer of the Eleonore
Gold Deposit in James Bay
• Jean Pelletier, Director Chartered Accountant, +19 years Partner for PricewaterhouseCoopers, now
Consultant
• Pierre St-Jacques, Director Retired Chartered Accountant, +26 years Partner for Deloitte, now Consultant
T H E C O M P A N YT H E C O M P A N Y
TECHNICAL TEAMTECHNICAL TEAM
• Marc L’Heureux, P.Geo, M.A.Sc. – Project Generation & Supervision
• Denis Chénard, P.Eng. – Exploration & Resource Calculation
• Geonordic Technical Services Inc. – Technical Services & Management
• Rémi Charbonneau, Ph.D. – Exploration Work & Data Processing
CORPORATCORPORATEE INFORMATION INFORMATION
• LISTED : TSX VENTURE: VIOFrankfurt: VL5
• SHARES OUTSTANDING : 105,518,721 (FD: 108,581,121)
• SHARE PRICE : ~ $0.035 $0.02 - $0.12 (52-
week)) • TREASURY POSITION : $2.1 million hard cash ~$1.5 (Aurvista
equity) No debt
• MAJOR SHAREHOLDER : Vale-Inco (8.1 %) Sodemex (6.9 %) Aurvista (5.1 %)
T H E C O M P A N YT H E C O M P A N Y
HISTORHISTORYY • 1984: INCORPORATION OF THE COMPANY
• 1986: VIOR AND INCO JOIN FORCES TO EXPLORE THE DOUAY AREA
• 1990: DOUAY-WEST DISCOVERY
• 1992: VIOR ACQUIRES 100% OF DOUAY PROPERTY AND THE 531 ZONE IS DISCOVERED
• 1996: OPTION GRANTED TO AURIZON MINES WHICH CAN ACQUIRE 50% OF THE DOUAY-WEST PROJECT BY BRINGING IT INTO PRODUCTION
• 2000: AURIZON DROPS ITS OPTION AFTER HAVING SPENT $5 MILLION IN INFRASTRUCTURES ON DOUAY-WEST
• 2010: OPTION GRANTED TO AURVISTA TO EARN 50% OF THE DOUAY PROJECT
• 2011: NEW 43-101 MINERAL INVENTORY YIELDS 1.9 M OZ. OF GOLD AT DOUAY
• 2011: AURVISTA PAYS VIOR $3 M IN CASH, ISSUES 21.25 M SHARES OF AURVISTA, AND COMPLETES $3M OF EXPLORATION WORK TO
ACQUIRE 100% OF THE DOUAY PROJECT
T H E C O M P A N YT H E C O M P A N Y
CORPORATCORPORATEE
STRATEGYSTRATEGY
A CLEAR AND CONSISTENT STRATEGY A CLEAR AND CONSISTENT STRATEGY
“Explore and develop high quality gold and base metal properties in the best proven and accessible mining areas using our financial expertise and our advanced exploration
techniques”
=> Focus on gold and base metal project generation and acquisition
in best mining areas
=> Quality and extensive mineralized systems recognized on all of Vior’s projects
=> Advanced exploration techniques well known by our team
C O R P O R A T E S T R A T E C O R P O R A T E S T R A T E G YG Y
2014 2014 EXPLORATIONEXPLORATION
AND AND DEVELOPMENTDEVELOPMENT
HIGHLIGHTSHIGHLIGHTS
4 mining properties in the Abitibi Greenstone Belt - Vezza-Noyard
- Ligneris
- Beauchastel
- Domergue
- Douay (through 30% ownership in Aurvista)
2 0 1 4 H I G H L I G H T S2 0 1 4 H I G H L I G H T S
THE PROJECTS THE PROJECTS
VEZZA / NOYARD
ABITIBI PROJECTS ABITIBI PROJECTS
GOLD DEPOSIT > 1,000,000 ounces
MAJOR VMS DEPOSIT
DOUAY
BEAUCHASTEL
LIGNERIS
DOMERGUE
2 0 1 4 H I G H L I G H T S2 0 1 4 H I G H L I G H T S
The Abitibi region, rich in world class deposits !
Three major gold structures and many major VMS camp
GOLD DISTRIBUTION CASA BERARDI – DOUAY AREAGOLD DISTRIBUTION CASA BERARDI – DOUAY AREA
- Major gold structures on magnetic map
- Yellow circles indicate drill holes with 1 g/t Au over 1 m
- Only 3 areas with important gold accumulation
VEZZA ResourcesM&I: 261,000 oz AuInf: 68,000 oz Au
2 0 1 4 H I G H L I G H T S2 0 1 4 H I G H L I G H T S
DOUAYResources (all deposits)M&I: 238,433 oz AuInf: 2.75 M oz Au
SLEEPING GIANT ResourcesM&I: 121,250 oz AuInf: 16,700 oz Au
CASA BERARDI (> 2,000,000 oz Au production and reserves)
VEZZA - NOYARDVEZZA - NOYARD
2 0 1 4 H I G H L I G H T S2 0 1 4 H I G H L I G H T S
Vezza Mine owned by Aurbec Mines Inc. (100% sub. of Maudore Minerals Inc.)
Follow-up drillingand new targets identified
2 km - Major gold structures (Casa-Berardi – Cameron) - Vezza eastern extension at depth to be tested
6.1 g/t Au / 1.3m
Vezza Mine - ResourcesM&I : 260,000 @ 6.5 g/t AuInf.: 62,000 @ 4.9 g/t Au
LIGNERISLIGNERIS Searching a gold-rich VMS deposit
2 0 1 4 H I G H L I G H T S2 0 1 4 H I G H L I G H T S
- New targets identified- Deep geophysic not done
BEAUCHASTELBEAUCHASTELLODE GOLD and VMSEXPLORATION PLAY
FOLLOW-UP DRILLING on gold Zones and new VMS TARGETSIDENTIFIED
2 0 1 4 H I G H L I G H T S2 0 1 4 H I G H L I G H T S
A VMS EXPLORATION OPPORTUNITY with SOQUEM
DRILLING TARGETSALREADY IDENTIFIED
DOMERGUEDOMERGUE
2 0 1 4 H I G H L I G H T S2 0 1 4 H I G H L I G H T S
2 0 1 4 H I G H L I G H T S2 0 1 4 H I G H L I G H T S
DOUAYDOUAY GOLD ZONESGOLD ZONES
DOUAY WEST1.0 Mt @ 5.7 g/t Au
ADAM PORPHYRY ZONE 7.1 Mt @ 1.1 g/t Au
92-7 PORPHYRY ZONE
531 ZONE 730,000 t. @ 4.9 g/t Au
92-7 PORPHYRY ZONE5.8 Mt @ 0.7 g/t Au
CENTRALPORPHYRY ZONE4.4 Mt @ 0.8 g/t Au
MAIN ZONE300,000 t. @ 4.8 g/t Au
SEVEN GOLD ZONES TOTALLING:
3 million oz Au
GEOLOGICAL SETTING SIMILAR to :
TIMMINS, KIRKLAND LAKE MALARTIC, DUPARQUET…
INFRASTRUCTUREINFRASTRUCTURE at DOUAY- at DOUAY-WWESTEST
2 0 1 4 H I G H L I G H T S2 0 1 4 H I G H L I G H T S
Road, power line,head frame, hoist,shaft and collar
CA$5 million
DOUAY WEST - 3D MODEL DOUAY WEST - 3D MODEL
- Gold lenses as modeled by Geostat (SGS)
- Total Resources in 2011
M&I: 313,000 @ 7.75 g/t Au Inf: 267,000 @ 8.53 g/t Au
Cut off: 4 g/t Au
Blue block : 3-4 g/t AuOrange block : 4-6 g/t AuRed block : 6 + g/t AuRed line: gold envelope
250 m
151,000 ounces of gold
2 0 1 4 H I G H L I G H T S2 0 1 4 H I G H L I G H T S
FUTUREFUTURE
GROWTHGROWTH
F U T U R E G R O W T HF U T U R E G R O W T H
• BUILT on REAL ASSETS
- 30% ownership of Aurvista Gold Corp., where Vior has 30% ownership of Aurvista Gold Corp., where Vior has upside on over 3 million ounces of goldupside on over 3 million ounces of gold
- Other quality exploration projects in the Abitibi BeltOther quality exploration projects in the Abitibi Belt
- Experienced management and technical teamExperienced management and technical team
• CLEAR & CONSISTENT STRATEGY
- Explore and develop quality projects in the best proven Explore and develop quality projects in the best proven andand
accessible mining areasaccessible mining areas
- Model-driven exploration approach focussing on gold Model-driven exploration approach focussing on gold and baseand base
metals metals
• FAVORABLE OUTLOOK
- The Vezza gold mine (322,000 oz Au) owned by Aurbec The Vezza gold mine (322,000 oz Au) owned by Aurbec Mines Inc. is likely to extend at depth onto Vior’s Vezza-Mines Inc. is likely to extend at depth onto Vior’s Vezza-Noyard propertyNoyard property
F U T U R E G R O W T HF U T U R E G R O W T H
• PROPERTIES AND UPSIDE
- New acquisitions: Project generation or evaluation focus on - New acquisitions: Project generation or evaluation focus on advancedadvanced
and high quality opportunities in North and Latin and high quality opportunities in North and Latin AmericaAmerica
- Vezza-Noyard: Discovery stage targets in the extension of the Vezza-Noyard: Discovery stage targets in the extension of the Vezza Vezza gold mine gold mine
- Ligneris: Finding more resources & discovery stage Ligneris: Finding more resources & discovery stage
targetstargets
- Douay: Excellent upside from the Douay Project (~3M Douay: Excellent upside from the Douay Project (~3M oz Au) oz Au) where Vior currently owns 30% of where Vior currently owns 30% of Aurvista share capitalAurvista share capital