Our aim is to become a leading Mediterranean-focused
gold exploration and development company
Energy Live Expo Presentation
Lisbon, Portugal
Dan James, President
March 21, 2013
Disclaimer – Forward Looking Statement
CAUTIONARY NOTES AND DISCLAIMERS
This presentation may contain forward-looking statements including, but not limited to, comments regarding the timing and
content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes,
and other related matters. Forward-looking statements address future events and conditions and therefore involve inherent
risks and uncertainties. Medgold Resources Corp.’s projects in Europe are at an early stage and all estimates and projections are
based on limited, and possibly incomplete, data. More work is required before the mineralization and the Projects’ economic
aspects can be confidently modelled. Actual results may differ materially from those currently anticipated in this presentation.
No representation or prediction is intended as to the results of future work, nor can there be any promise that the estimates and
projections herein will be sustained in future work or that the Project will otherwise prove to be economic.
Qualified Person: Under the terms of NI43-101, Dr. Stewart Redwood is Medgold‘s Qualified Person.
Dr. Stewart Redwood is an independent geological consultant specialising in minerals exploration and project evaluation. Dr
Redwood has more than 30 years’ experience including over 20 years’ in Latin America. He has visited over 60 counties and has
crossed both polar circles. He has degrees in geology from Glasgow and Aberdeen Universities. He has previously worked for the
British Geological Survey, Mintec S.A. (Bolivia), Metall Mining Corp., Inmet Mining Corp., AngloGold, and was the co-founder of
GoldQuest Mining Corp. He was involved in the definition of the Antamina copper-zinc skarn (Peru) and the Marmato gold
deposit (Colombia), and in the discovery of the San Cristobal silver-zinc (Bolivia), Las Tres Palmas gold-copper (Dominican
Republic), Inlice (Turkey) and other deposits. He is from Scotland and is resident in Panama.
Medgold
• European focused
• Highly experienced management
• World-class technical advisors
• Strong project pipeline
Objective
To become one of the leading Mediterranean-focused
gold explorers & developers
Strategy
Targeting economically stressed, but politically stable
European countries, that are seeking foreign investment
to invigorate the mining sector: Portugal, Italy and Spain
Medgold Company Overview
• Medgold UK formed in April 2011
• Completed RTO-merger in December 2012 with
Emerick Resources Corp.
• Changed name to MEDGOLD RESOURCES CORP.
• Part of the GOLD GROUP (inc. Fortuna Silver
Mines, Radius Gold Inc, & Focus Ventures Ltd.)
Market capitalization
Share price
Exchange
Ticker
CAD $6.8 million
CAD $0.13
TSX-V
MED.V
The Board of Directors
•
Raised capital in excess of CAD $500 million
•
Extensive knowledge of both Canadian and European capital markets
•
Experience in delivering projects from early exploration, through mine
development, to metal production. ex: Fortuna Silver Mines (CAD $560 m).
Producing silver mines in Peru and Mexico
•
Directors: Simon Ridgway (Chairman), Daniel James (President), David Hall,
Jeremy Martin and Ralph Rushton
Exploration team
•
Highly experienced in grass-roots discoveries and project development
•
Technical advisors include Dr. Richard Sillitoe and Dr. Stewart Redwood, both
world-leading geological consultants
•
Senior exploration managers and legal parties established in each country
•
Experienced field teams comprised of 4 exploration geologists
Projects
• Three orogenic Au licence areas in Portugal
• Boticas (under application): Fracture-controlled / intrusion-hosted Au
• Vila de Rei (issued): Shear-related / sediment-hosted Au
• Tres Minas (under application): Shear-related / sediment-hosted Au
• Three epithermal Au permits in Italy
• Pietratonda, Frassine & Grasceta
• Multiple licences under application, in Spain, & awaiting public tender for
several high-priority concessions
Projects
Boticas
Tres Minas
Vila de Rei
Medgold controls and has applied for prospects in the
most prospective belts in Portugal, Italy & Spain
Tuscany Projects:
Pietratonda, Frassine &
Grasceta
Why Portugal?
•
Medgold focusing on ‘investment-friendly’ and low-risk jurisdictions in Western
Europe
•
Portugal actively seeking foreign investment and aiming to fast-track projects
to production
•
Exploration and project development strongly supported by the government
(Minister of Economy and Employment and the DGEG)
•
Long history of metal mining with solid mining code
•
Excellent potential for the discovery of multi-million ounce gold deposits
Boticas, Portugal
• Exclusive option to 100 sq.km licence (granted
licence expected Q2 2013)
Corcoesto
1.48 Moz Au
Salave
2.1 Moz Au
Boticas
• Fracture-controlled & intrusion-hosted gold
• Mineralization associated with dilation on largescale faults
• Fault open to NE over 7 km
Jales / Gralheira
Castromil
Penedono
• Geology similar to Fort Knox, Alaska (P&P gold
reserves of 4.3 million ounces)
• Previous drilling (3,234 m from 26 holes)
intercepted mineralization under ancient workings
• Mineralization dimensions of 600 x 150 x 150 m
• Multi-million ounce Au potential
Monetrmor / Boa Fe
214k oz Au
Boticas Targets
Ancient gold workings
Key Prospect
c
Boticas licence
Limarinho anomaly (clockwise): Drill core up to 21.02 g/t
Au; quartz-aspy veining & altered granite; qtz-aspy veining
up to 203 g/t Au; and the Limarinho prospect
5 km
Key Boticas prospect
Drilling anomaly projected to surface
Outline of historical workings
Medgold channel sample of
14.1m @ 3.98 g/t Au
Vila de Rei
Salave
2.1 Moz Au
Corcoesto
1.48 Moz Au
• Granted licence over 308 sq. km licence
• 5 mineralised prospects along 37 km of strike
• Sediment-hosted (typically quartzite) and controlled
by major regional lineament
• Key prospect has high-grade mineralization
extensive over 3 km with rock chip samples of 24.7,
22.9 & 19.2 g/t Au
• Quartzite unit 50-150m thick, structurally brittle, and
a favourable geological host rock
• Bulk tonnage potential. Conceptual target of 5060Mt @ 0.6-1.0 g/t Au
Jales / Gralheira
Castromil
Penedono
Vila de Rei
Montemor / Boa Fe
214k oz Au
Vila de Rei – Extensive Linear Anomalies
Pampilha anomaly extensive over 2km with grades up to 2.5 g/t Au
Rei anomaly extensive of 4km grades up to 24.7 g/t Au
Tres Minas, Portugal
Corcoesto
1.48 Moz Au
Salave
2.1 Moz Au
• Exclusive option to 95 sq.km licence (granted
licence expected Q2 2013 & subject to environmental
review)
• Gold mineralization hosted in quartz-sericite
schists
• Project parallel to Gralheira Vein, located 5 km to
the SW, and controlled by same regional structure
• Extensive roman workings, including the Covas
and Riberinha pits, with 15.65 Mt mined (est.
500,000 oz Au)
• Au anomaly extensive over 9.5 km with 90%
outside the archaeologically protected areas
Tres Minas
Jales / Gralheira
Castromil
Penedono
Monetrmor / Boa Fe
214k oz Au
Tres Minas, Portugal
Mine workings
Au anomaly
W anomaly
Fault
Tres Minas Roman Mines
Est. 500,000 oz Au mined
(protected area)
Jales-Gralheira Mine
806,000 oz Au mined (1933-1993)
In situ resource >200k oz Au
Gralheira Vein
Jales Vein
Italy: A Mining Destination
• Tuscany: pro-mining province with 32
active quarries, high unemployment
and a skilled work force
• Region previously explored under JV
with Anglo-Agip defining 30 Au-Sb
targets
• Newly developed geological model for
epithermal mineralization
• Target area 110 by 60 km (Carlin Trend
is 60 by 10 km and endowed with >150
Moz Au) with multiple feeder
structures identified
• Large-scale potential identified
Frassine-Grasceta
Pietratonda
Selected active earthwork
operations in Southern Tuscany
Italy: Concept
Target is high-angle feeder structures
• Geological model targeting discrete,
high-grade mineralization, hosted in
high-angle feeder structures
• Tuscany has key geological
ingredients present to host worldclass deposits (jasperiods,
felsic/rhyolitic source rocks, districtwide hydrothermal alteration,
extensional environment &
karstification)
Observed mineralization
(stratiform / flat-lying)
Frassine-Grasceta
• Region has 50 km of strike potential
with 5 km within Medgold properties
Target structures
Pietratonda
Southern Tuscany geology & target map
Pietratonda
• Gold-in-soil anomaly 1,400 by 500
with values up to 0.42 g/t Au
Disused antimony
mine
• Anomaly coincident with previously
mined silica sand and kaolinite
• Open-pit mining possible
• Gold-in-soil anomalism interpreted as
hydrothermal fluid outflow from
high-grade & blind feeder structures
Au-in-soil anomaly
• Exploration will focus on definition
of high-angle normal faults
• Remote sensing interpretation has
identified multiple N-S-trending
faults
Mined areas (silica sand & kaolin)
Frassine & Grasceta
• High-grade mineralization, up to 43
g/t Au, identified
• Associated with inferred high-angle
feeder structures
Alunite alteration
• Anomalous corridor identified over
1.5 km with drill-ready target
• Alunite alteration present in east of
project highlighting proximity to
magmatic source- increase potential
for high-grade feeder structures
High-grade jasperoid
mineralization (up to 43 g/t Au)
Au-Sb
anomalies
2013 Work Program
Q2 2013
Q3 & Q4 2013
•
Regional reconnaissance, mapping and sampling at
Vila de Rei
•
Channel sampling, mapping and drill target definition
at Boticas (subject to licence issuance)
•
Project reviews in Spain (3 projects under application)
•
Follow-up sampling on Italian projects
•
Drilling Boticas
Medgold
• Mediterranean-focused gold explorer targeting projects with multi-million
ounce potential
• Highly experienced team, exploring in politically stable and investmentfriendly jurisdictions
• Strong project pipeline to generate good news flow in coming 24 months
Management
Directors
Simon Ridgway
Chairman & CEO
Daniel James
President
Founder of numerous successful resource companies including Fortuna Silvermines. Has raised close to $400m to
fund projects globally.
Started exploration career in 1997 working as an exploration geologist in Tanzania. In 2005, Dan joined consultants
ACA Howe and was involved with various CPR’s. He joined Stratex international in 2007 managing exploration on the
Inlice gold deposit in Turkey. Established operations and exploration projects in Ethiopia, and led teams to the
discovery of the Afar Epithermal Province.
Ralph Rushton
20 years’ experience as a geologist in Southern Africa, the Middle East and Eastern Europe. Has worked with Simon
Ridgway’s companies for 10 years focussing on corporate development and IR. Director of a number of Canadian
public companies.
Jeremy Martin
Extensive South American exploration experience for Inca Pacific Resources followed by Central America and Europe.
He has been involved in the formation of various AIM listed companies and has completed a number of high value
mineral project transactions.
David Hall
30 years’ in exploration and development on projects and mines in over 50 countries. Previous positions include Chief
Geologist for Minorco SA; consultant geologist for Minorco South America; and Exploration Manager for AngloGold
South America. Involved in discoveries in South America and Europe. Corporate role in a number of public and private
companies.
Technical Advisors
Dr Stewart Redwood
An independent geological consultant specialising in minerals exploration and project evaluation. Dr Redwood has
more than 30 years’ experience including over 20 years’ in Latin America. He has visited over 60 counties and has
crossed both polar circles. He is from Scotland and is resident in Panama.
Dr Richard Sillitoe
Richard Sillitoe is a world-renowned economic geologist. He has been an economic geological consultant for over 40
years and has worked in over 70 countries. He is best known as a porphyry-epithermal specialist but is well versed in al
styles of gold and base metal mineralisation. In 2002 he was the first non-American President of the Society of
Economic Geologists. He is the author of over 100 economic geological articles and also two books.
Contact Details
Dan James
President, Medgold Resources Corp.
dj@medgoldresources.com
+44 207 305 7050 | +44 7972 579188