Miranda Gold's Willow Creek Project
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Miranda Gold's Willow Creek Project in Alaska contains the historic Lucky Shot gold mine which produced over 667,000 ounces of gold at an average grade of 1.2 ounces per ton from high grade quartz veins. Miranda has outlined a NI 43-101 compliant resource of 62,100 ounces of gold at an average grade of 24.6 grams per tonne at the Coleman deposit within the project area. Miranda has signed a joint venture agreement with Gold Torrent Inc. to advance the high grade Willow Creek gold project, which will focus on permitting and initial small scale production of 21,000 ounces per year using selective underground mining methods and a gravity separation plant.
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Miranda Gold's Willow Creek Project
- 1. TSX.V: MAD www.mirandagold.com Miranda Gold’s Willow Creek Project Reviving an Important Historic District
- 2. Forward Looking Statement This presentation contains forward-looking statements and factual information that are current as of the date the presentation was originally delivered. Miranda Gold Corp. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to data. Forward looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of properties; future prices of mineral resources; accidents, labor disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals of financing. The qualified person for any technical information in this presentation is Joseph Hebert, Executive Vice President. The information in this presentation has been obtained by Miranda from its own records and from other sources deemed reliable. However, no representation or warranty is made as to its accuracy or completeness.
- 3. Investment Profile Joint Venture Business Model World-Class Gold Jurisdictions 10 projects total ♦ 5 Nevada properties ♦ 4 Colombia properties ♦ 1 Alaska property Project Generation Joint Venture Business Model ♦ 3 projects in Joint Ventures ♦ 1 Strategic Alliance (Agnico Eagle) $7.4 million Market Capitalization 74.0 million shares outstanding $4.8 million in cash (5/31/14) Recent share price $0.10 High/Low $0.20- $0.09
- 4. Strong Technical Team and Shareholder Base • Miranda’s exploration team: Involved in over 10 discoveries Totaling over 30 M oz gold Cortez Hills, Gold Rush, Ren, Nike • Shareholders: Sprott Global, Rick Rule, Paul van Eeden, Adrian Day Asset Mgt., Trimark Capital, Polar Capital, Swiss and German retail, Raymond James, Management
- 5. Willow Creek Project Excellent Location WILLOW PROJECT
- 6. Legendary Mining District Inactive since 1943 667,000 ounces 1.2 oz per ton www.mirandagold.com 6 Lower Lucky Shot War Baby Mine Upper Lucky Shot
- 7. Enserch Tunnel (1980’s) Lower Lucky Shot Adit Upper Lucky Shot Adit
- 8. “De-risked” by previous operator Miranda’s first Production www.Joint mirandagold.Venture com Willow Creek Today Coleman Portal Lucky Shot Mine Enserch Tunnel Man Camp Mill
- 9. Coleman Portal and Landing Pad 18
- 10. 80 Year Lease with Alaska Hardrock Inc. Scott Eubanks President AHI
- 11. 75 Patented Mining Claims 62 State of Alaska Lode Claims ~8,700 Acres
- 13. Lucky Shot Ridge Bullion Mountain Hatcher Pass Willow Creek Valley Craigie Creek Coleman Mine Portal
- 14. Willow Creek Historic Workings
- 15. Coleman NI 43-101 Resource* Measured and Indicated Cutoff Grade (g/t) Au Tonnage above cutoff (tonnes) Grade above cutoff (g/t) Au Troy Ounces 5 106,000 19.8 67,500 7 78,700 24.6 62,100 10 58,600 30.2 56,800 * QP Dave Linebarger
- 16. NI 43-101 Highlights • Measured and Indicated resource of 62,100 troy ounces gold at an average grade of 24.6 grams per tonne using a cutoff of 7.0 grams per tonne • Resource estimate is for the upper Coleman deposit and is based on assays from 132 diamond core holes • The resource is very compact within an area of approximately 140m by 182m • There is good potential to increase the size of the deposit by exploring areas down-dip, and both east and west along strike of the Coleman deposit • The resource occurs on patented claims accessible by road with permitting to be issued by the State of Alaska
- 18. 5 gram per tonne cutoff Block Model* * Block Model by Pete Parsley (GTI)
- 19. Coleman Zone Resource Alimak Raise Coleman Resource
- 20. Underground workings at Coleman 19
- 24. 6 New Gold-Bearing Targets Low Risk Exploration
- 25. Coleman Vein Old Workings Lucky Shot Vein Old workings Down-Dip Coleman Murphy Discovery
- 26. Recent Significant Drill Results 2007 Drilling New Discoveries • C07-92 54.6 g/t Au over 1.0 m in Murphy Zone • C07-143 77.2 g/t Au over 0.5 m in Lucky Shot Down-Dip 2005 Upper Coleman Discovery •C05-08 121.4 g/t Au over 0.6 m •C05-12 219.0 g/t Au over 4.0 m 2006 Coleman Delineation Drilling • C06-39 154.5 g/t Au over 0.4 m • C06-81 82.6 g/t Au over 1.7 m
- 27. District Potential 1. Coleman down dip and along strike 2. Above and Below Lucky Shot Mine 3. Delineate and Extend Murphy Discovery 4. Test new soil and outcrop targets on Bullion Mountain 5. Connect Lucky Shot and Bullion Systems
- 28. Recent Sampling Bullion Mountain Gold Bullion Murphy Explores for New Veins Between the Gold Bullion & Murphy Grid Starts 300m SW of Fault Termination of Gold Bullion Vein 200m x 20m stations Only NE Third of Grid Completed for 2014 Assessment
- 29. Au values in Soils Inferred Veins 17.05 g 50.74 g Au
- 30. Recent Soil Sampling Results 0.100 to plus 1.0 g Au/t Values in Soils Multiple Linear Anomalies to 800m Strike Successive Lines Anomalies Begin 300m Southeast of Gold Bullion Vein Fault Termination Soils orientation over upper Coleman averaged 0.140 g Au/t 17.05 to 50.74 g Au/t in Quartz Vein Subcrop
- 31. Joint Venture for Development of the High Grade Willow Creek Gold Project
- 32. Who is Gold Torrent Inc.? Gold Torrent Inc. (“GTI”) is an OTC Bulletin Board listed company, established in 2013, led by individuals with extensive experience in public company management, mining and financial sectors: • Daniel Kunz (Chairman) is a senior mining executive with more than 35 years engineering, mine operations, management, accounting, and finance including 17 years with Morrison Knudsen Mining and as President and COO Ivanhoe Mines Ltd. Strong mine development career success. • Ryan Hart (President, CEO), is an experienced finance professional and former financial manager for Credit Suisse and UBS, with an emphasis on venture capital
- 33. Production Plan • Permitting and community discussions to begin as soon as JV is signed • Gold Torrent Inc. to operate • Extremely small “footprint” • 21,000 oz/yr gold produced initially • Mining 150 ton per day selectively for grade (jackleg/slusher) • Crush, grind, mill, gravity separate and smelt in secure facility • 80 to 85% gold recovery through gravity plant with 10-20% mine dilution • Patented Claims allow for permitting with State of Alaska
- 34. Visible Gold Prevalent Low sulfide, easy recovery VG > 10.5 g Au/t VG w Telluride > 18 g Au/t