FINRA | SIPC
Caldera Gold Project
July 2012 | CONFIDENTIAL
Advanced Volcanic Gold-Bearing Lahar Project in Sonora, Mexico.
Investor Presentation
Cappello Group:
Richard Revelins
Managing Director
Cappello Group Inc.
rrevelins@cappellocporp.com
+1-310-393-6632
Cappello Capital Corp:
Michael Stone
Associate
Cappello Capital Corp.
mstone@cappellocorp.com
+1-310-393-6632
Safe Harbor Statement
 Certain statements contained in this presentation, including, without limitation, statements containing the
words “believes,” “plans,” “expects,” “anticipates,” and words of similar import, constitute “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forwardlooking statements involve known and unknown risks, uncertainties and other factors that may cause the
actual results, performance or achievements of the Caldera Gold Project (“Caldera Gold” or “Caldera” or
“Company”) to be materially different from any future results, performance or achievements expressed or
implied by such forward-looking statements.
 The presentation does not carry any right of publication or disclosure to any other party. This presentation
may not contain all the details and information necessary for you to make a decision or evaluation. The
Company does not take responsibility for the accuracy or the completeness of the information contained
herein and makes no assurances for such. In addition, information in this presentation is based on audited
accounts. This presentation is not and does not purport to be an appraisal of the assets, stock or business
referenced herein. Neither this presentation nor any of its contents may be used for any other purpose
without the prior written consent of the Company.
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Table of Contents
I.
Foreword
II.
Introduction
III. Investment Highlights
IV. Mineralisation
V. Mexican Mining Industry
VI. Sonora County, Mexico
VII. Caldera Gold Project
VIII. Past Exploration Activities
IX. Map of Mining Concessions
X. Mining Law
XI. Additional Information
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Foreword
 The Caldera Gold Project has been categorized as a Volcanic Gold-Bearing Lahar formed by hot volcanic
mudflows which has created strong homogeneous gold distribution within the sampled environment. As
such, the Lahar should be considered quite different from generally known forms of alluvial mineralisation.
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Introduction
 The Caldera Gold Project is a highly
advanced Volcanic Gold-Bearing Lahar
project located near San Miguel del
Horcasitas in Sonora, Mexico.
 Minera Global Mining del Pitic (MGP)
owns 100% of the interests in the project
and is seeking an experienced and
technically competent Joint Venture
Partner to provide the necessary mining
expertise and capital to bring the
Caldera Gold Project into commercial
production.
 Geophysical work during 2009 has
provided a basis for estimation of 4
billion tonnes of gravels (predominately
untested) on a tenement area of
approximately 6,900 hectares.
 Cappello Capital Corp. has been retained
by MGP to assist in identifying and
evaluating the suitability of potential
participants in the Caldera Gold Project.
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Investment Highlights
 Mineralisation is characterized as Wide-Spread Volcanic Gold-Bearing Lahars (“formed from hot volcanic
mud flows”) which are believed to have created large quantities of gold bearing gravels with a relatively
homogenous distribution of gold.
 Initial (non-NI 43/101 compliant) estimated resource of 11.9 million tonnes at an average grade of 0.303 glt
Av, for 116,000 contained gold ounces from surface to 12 meters with immediate potential to upgrade to
“inferred” resource status.
 Over 200 million tonnes of potential additional gold-bearing Lahars from surface to 40 meter depth
(estimated 4.4 billion tonnes of gravels, largely untested, to an average depth of 206 meters).
 Extensive and well documented 12 year
exploration database.
 Opportunity for rapid progression to
mining stage.
 Availability of extensive sampling, trenching
and drill hole data.
 Numerous independent and technical
reports.
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Mineralisation
 Mineralisation at the Caldera Gold Project has been assessed and categorized by a number of N1 43 / 101
accredited experts and is available for review in the virtual data room.
 Spawned from a former volcano that foundered into a caldera; gold is believed to have disseminated into
lahars that spread westward from the eruptive center.
 Enormous volume and relative homogenicity makes the lahar-style mineralisation attractive for long-term
exploitation by gravity processing.
 Immediate and systematically explored “target resource” of 44 million tonnes of material freely mineable in
the 40 meter horizon above the water table (this has been subjected previously to a 1000 tonne field
processing and certified semi-quantitative panning program).
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Mexican Mining Industry
 Strong Mining History (world’s largest silver producer at 100 million ounces per year).
 Low Sovereign Risk (ranked No. 4 worldwide as favorable for mining investment).
 Financially stable with low political risk.
 Established and favorable mining laws.
 Low taxation rates and no Federal, State,
or Municipal Government mining royalties.
 History of “world class” mines.
 No foreign ownership restrictions.
 No limitations on repatriation of funds or
profits.
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Sonora County, Mexico
 Historical production of +40 million ounces of gold and +10 billion ounces of silver.
 400 year mining history.
 Favorable mining conditions, access and logistics.
 Skilled and available mining workforce.
 Supportive local and federal government backing.
Sonora
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Caldera Gold Project
 Located 75kms north-northeast of Hermosillo in Sonora, Mexico.
 Over 6,900 hectares, 18 granted mining concessions.
 Although no NI 43-101 defined resources presently exist, extensive trenching (to
the depth of 12 meters) and sampling has provided an initial estimation of 11.9
million tonnes, at an average grade of 0.303 glt gold for 116,000 contained gold
ounces.
 Modest attrition and adequate size-segregation efforts may increase yields
well above reported recoveries
 Minimal additional drilling and verification work required to upgrade to
“inferred” resource category.
 Recent small scale sampling (950 kg sample) by Resource Development Inc.,
Colorado produced a calculated feed assay sample of 0.57 glt Au.
 First principles estimation based on 10m tonnes of ore at a very conservative
grade of say 0.2 glt gold, operating costs ($2.15 tonne) and capital costs ($29.2m,
inclusive of working capital and contingencies) provides total cash operating costs
of $371 per ounce of gold, and an internal rate of return greater than 100% per
annum. At a gold price of $1400 per ounce, the cash breakeven grade is 0.035 glt
Au.
 Anticipated increases to the resource base will have a significant bearing
on the economic upside of the project.
 Substantial scope exists to increase both tonnage and grade (refer: Preliminary
Metallurgical Testing Report July 2012, Resource Development Inc. virtual data.
room)
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Past Exploration Activities
 Geological Mapping, October 2003 reporting, and August 2004 drafting of nine separate detailed UTM
projection 1:20,000 scale A1 size geological, geophysical, tenement and topographic plans.
 February 2004 geophysical study report, covering electromagnetic, gravimetric and resistivity surveys, covering
Dona Lili prospect.
 May 2004 excavation and analysis of samples from 30 trenches each 9 meters deep, in and near Dona Lili and
Santa Elilia prospects, with an average gold assay grade recorded by MGP of 0.375 g/t gold, based on gravity
concentration and gold estimation by a mixture of fire assaying and cyanidation.
 June 2004 comprehensive stratigraphic study report on these 30 trenches.
 September 2004 study into the recoverable free gold size distribution, indicating 95 per cent of the gold
content in the size range of 2mm to 0.125 mm to 0.125 mm (125 microns).
 Late 2004 excavation and gold colours counting on samples from 158 trenches across 13 other adjoining and
nearby concessions.
 Detailed February 2005 hydrological study of water availability in the two relevant local drainage catchments.
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Past Exploration Activities Cont.
 April 2005 1000 tonnes trial ore excavation and processing, mainly from Dona Lili and Santa Elilia with an
assessed recoverable gold grade of 0.3 glt gold.
 May 2007 scoping study report into gold production from Dona Lili and Santa Elilia prospects at a production
rate of 10 million ore feed tonnes per year, indicating a cash cost break even gold grade of 0.12 glt gold at $400
per ounce of gold.
 April 2012 Report - Gold Bearing Lahar Deposits Near San Miguel del Horcasitas, Sonora, Mexico (David T. Snow
& Associates).
 July 2012 Report - Puerto Areval Gold Project Technical Report (NH Cole & Associates Pty. Ltd.).
 July 2012 Report - Preliminary Metallurgical Testing of Samples from Minera Global del Pitic, S.A. de C.V.
(Resource Development Inc.).
Note: All of the above reports and data are available in the virtual data room upon execution of the Confidentiality Agreement which accompanies
the investor presentation.
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Map of Mining Concessions
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Mining Law - Mexico
 Under the Mexican Constitution, minerals are part of the national patrimony, governed under Article 27 of
the Constitution. The Mining Law was introduced in June 1992 (amended in 2005) and establishes that
minerals found in Mexican territory are owned by the Mexican Nation, and that private parties may exploit
such minerals (except oil and nuclear fuel minerals) through mining licenses or concessions granted by the
Federal Government.
 Mining concessions are valid for 50 years from the date of registration and are freely transferable with no
restriction on foreign ownership.
 The many mining titles owned by Caldera Gold were granted in the period from February 2000 to August
2011 and are each valid for a duration of 50 years.
 All titles can be renewed for an additional 50 year term in perpetuity during the time they are being
commercially exploited.
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Additional Information / Inquiries
 The information contained herein is designed as a brief initial overview of the Caldera Gold Project.
 Parties seeking additional and more detailed disclosure will be required to execute a Confidentiality
Agreement (which accompanies this investor brief), whereby upon completion will permit access to the
virtual data room that contains exploration and sampling results and numerous independent geological
reports and studies.
All inquiries should be directed to:
Richard Revelins
Managing Director
Cappello Group Inc.
rrevelins@cappellocorp.com
+1-310-393-6632
Cappello Capital Corp.
100 Wilshire Blvd. Suite 1200
Santa Monica, CA 90401
Main: (310) 393-6632
Fax: (310) 393-4838
www.cappellocorp.com
Michael Stone
Associate
Cappello Capital Corp.
mstone@cappellocorp.com
+1-310-393-6632
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