Greencastle Resources Ltd.
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Transcript of Greencastle Resources Ltd.
Greencastle Resources Greencastle Resources Ltd.Ltd.
Gold Exploration Gold Exploration Oil Royalty Cash FlowOil Royalty Cash Flow
Battle Mountain Trend, Battle Mountain Trend, Nevada Nevada
Republic of Niger, West AfricaRepublic of Niger, West Africa
Greencastle Resources Ltd.
Greencastle Resources Ltd.Greencastle Resources Ltd.
► Corporate Mission StatementCorporate Mission Statement
Greencastle management has proven access to high Greencastle management has proven access to high quality projects in some of the world’s most prolific quality projects in some of the world’s most prolific gold producing regions and a wealth of experience in gold producing regions and a wealth of experience in exploration, field operations, finance and exploration, field operations, finance and administration.administration.
Our mission is to build value for our shareholders Our mission is to build value for our shareholders through project identification, acquisition and through project identification, acquisition and continued exploration both as principal and through continued exploration both as principal and through joint ventures.joint ventures.
Greencastle Resources Ltd.
Greencastle Resources Ltd.Greencastle Resources Ltd.
► TSX Venture Exchange Symbol “VGN”TSX Venture Exchange Symbol “VGN”
► Common shares issuedCommon shares issued►Basic 36,557,005 Basic 36,557,005 ►Fully Diluted Fully Diluted 43,117,00543,117,005
► Cash and Marketable SecuritiesCash and Marketable Securities►Basic $1,500,000Basic $1,500,000►Fully Diluted $2,800,000Fully Diluted $2,800,000 Jan. Jan.
20072007
Greencastle Resources Ltd.
Greencastle Resources Ltd.Greencastle Resources Ltd.
► Management and DirectorsManagement and Directors
Anthony Roodenburg, Director and CEOAnthony Roodenburg, Director and CEO 18+ yrs corp. development and investment 18+ yrs corp. development and investment
industryindustry Dr. James Pirie, Director and PresidentDr. James Pirie, Director and President
35+ yrs global mineral exploration35+ yrs global mineral exploration
Dr. Anthony Taylor, Reno, DirectorDr. Anthony Taylor, Reno, Director 40+ yrs global mineral exploration40+ yrs global mineral exploration
Hon. Nick Taylor, Calgary, DirectorHon. Nick Taylor, Calgary, Director 50+ yrs global mineral and oil & gas exploration50+ yrs global mineral and oil & gas exploration
Richard Zakaib, Toronto, DirectorRichard Zakaib, Toronto, Director 20+ yrs global business development20+ yrs global business development
Greencastle Resources Ltd.
Greencastle Resources Ltd.Greencastle Resources Ltd.Six Active Gold Exploration Projects Six Active Gold Exploration Projects
Battle Mountain Trend – Pipeline/Cortez Hills to Eureka, Battle Mountain Trend – Pipeline/Cortez Hills to Eureka, Nevada: Nevada:
► Indian Creek, Coal Canyon, Kobeh, Jewel RidgeIndian Creek, Coal Canyon, Kobeh, Jewel Ridge Niger, West Africa:Niger, West Africa:
► Namaga, Koyria, optioned to OrezoneNamaga, Koyria, optioned to Orezone
► Cash FlowCash Flow Oil and gas discoveries in Saskatchewan converted to a royaltyOil and gas discoveries in Saskatchewan converted to a royalty New gas discovery currently shut in (carried)New gas discovery currently shut in (carried) Cash flow expected to exceed $1,300,000 / yr. in 2006 Cash flow expected to exceed $1,300,000 / yr. in 2006 Eight producing wells (five added in 2006)Eight producing wells (five added in 2006) New wells being added in 2007New wells being added in 2007
► Uranium applications submitted in NigerUranium applications submitted in Niger
Greencastle Resources Ltd.
Property Property LocationsLocations
Battle Battle Mountain Mountain
TrendTrend Nevada Nevada
Indian Creek
KobehCoal Canyon
Jewel Ridge
Oregon Idaho
Utah
Arizona
California
Cortez Area
Greencastle Resources Ltd.
Co
rtez
Tren
d
Co
rtez
Tren
d
Battle M
ountain-Eureka
Mineral Trend
Indian Creek
Kobeh
Coal Canyon
Jewel Ridge
Gold Deposits and Gold Deposits and Greencastle Projects, Greencastle Projects,
Battle Mountain Battle Mountain Trend NevadaTrend Nevada
Greencastle Resources Ltd.
Location Location Jewel Ridge PropertyJewel Ridge Property
Nevada Nevada
Adjoins Barrick Ruby Hill Adjoins Barrick Ruby Hill Property where 1 million Property where 1 million
ounce Au resource is being ounce Au resource is being evaluated for productionevaluated for production
Straddles Straddles structural/stratigraphic structural/stratigraphic trend hosting low grade trend hosting low grade Au-Ag deposits to south Au-Ag deposits to south
and and Ag-Au-Pb-Zn deposits to Ag-Au-Pb-Zn deposits to
northnorth
Staccato adjoins southern Staccato adjoins southern property boundaryproperty boundary
Greencastle Resources Ltd.
General GeologyGeneral GeologyJewel Ridge Jewel Ridge
PropertyProperty Nevada Nevada
22 RC holes on 4 target 22 RC holes on 4 target areasareas
40 metres 2.1 g/t Au in 40 metres 2.1 g/t Au in Hamburg mine areaHamburg mine area
Greencastle Resources Ltd.
Coal CanyonCoal CanyonGeologyGeology
Greencastle Resources Ltd.
Section 73+00Section 73+00Looking NorthwestLooking Northwest
Coal CanyonCoal Canyon
Greencastle Resources Ltd.
Kobeh PropertyKobeh PropertyGeophysicalGeophysical
InterpretationInterpretation
2004 program 2004 program – –
4 RC holes for 4 RC holes for 3,000 feet 3,000 feet
tested tested geophysical geophysical
and Au and Au geochem geochem targetstargets
Greencastle Resources Ltd.
A f r i c a
Niger
Gold Exploration in NigerGold Exploration in Niger
Greencastle Resources Ltd.
Greencastle Permits - NigerGreencastle Permits - Niger► High priority, drill-ready gold targets in Birimian greenstone High priority, drill-ready gold targets in Birimian greenstone
belts with gold deposits nearbybelts with gold deposits nearby► Targets identified from major exploration programs in 1990’sTargets identified from major exploration programs in 1990’s► Exploration largely curtailed in 1998 due to fall in gold priceExploration largely curtailed in 1998 due to fall in gold price► Optioned to Orezone Resources Inc.Optioned to Orezone Resources Inc.► Exploration Program drilling by Orezone on Namaga and Exploration Program drilling by Orezone on Namaga and
Koyria permitsKoyria permits► Several fences of drilling will test the best soil and termite Several fences of drilling will test the best soil and termite
anomalies in each of the selected anomalous areasanomalies in each of the selected anomalous areas► Encouraging 2006 drill results at Namaga including Encouraging 2006 drill results at Namaga including
22m of 2.4 g/t and 10m of 4.9 g/t gold22m of 2.4 g/t and 10m of 4.9 g/t gold
Greencastle Resources Ltd.
Gold Deposits in West African Gold Deposits in West African CratonCraton
Greencastle Resources Ltd.
Greencastle Resources Ltd.Greencastle Resources Ltd.
► Gold In NigerGold In Niger
Samira Hill deposit - 10 mm tons at 2.2 g/t Au mining Samira Hill deposit - 10 mm tons at 2.2 g/t Au mining commenced in 2004 – 618,000 oz Au to be mined over 6 commenced in 2004 – 618,000 oz Au to be mined over 6 years (Etruscan & SEMAFO)years (Etruscan & SEMAFO)
Koma Bangou gold deposit – 9.4 million tons at 1 g/t AuKoma Bangou gold deposit – 9.4 million tons at 1 g/t Au
Numerous small artisanal mining operationsNumerous small artisanal mining operations
Greencastle Resources Ltd.
Geology and Greencastle Permits - Geology and Greencastle Permits - NigerNiger
Greencastle Resources Ltd.
Greencastle Resources Ltd.Greencastle Resources Ltd.
Namaga Concession, NigerNamaga Concession, Niger
1,148 square km – includes former Ashanti concession 1,148 square km – includes former Ashanti concession Ashanti collected some 50,000 samples of soil and termite Ashanti collected some 50,000 samples of soil and termite
mounds – identified number of extensive Au anomaliesmounds – identified number of extensive Au anomalies Trenching on Block 3 Targets (1.2 g/t Au over 38 m and Trenching on Block 3 Targets (1.2 g/t Au over 38 m and
1.17 g/t Au over 26 m in 1998)1.17 g/t Au over 26 m in 1998) Block 10 Area (numerous values up to 4.5 g/t Au over 2 m) Block 10 Area (numerous values up to 4.5 g/t Au over 2 m)
– artisanal mining nearby– artisanal mining nearby Encouraging 2006 drill results at Namaga including Encouraging 2006 drill results at Namaga including
22m of 2.4 g/t and 10m of 4.9 g/t gold22m of 2.4 g/t and 10m of 4.9 g/t gold
Greencastle Resources Ltd.
Greencastle Resources Ltd.Greencastle Resources Ltd.
► Koyria Concession, NigerKoyria Concession, Niger
1,045 square km1,045 square km Ashanti outlined large Au geochem anomaly at Allareni - Ashanti outlined large Au geochem anomaly at Allareni -
grades of 1 to 75 g/t Au in quartz floatgrades of 1 to 75 g/t Au in quartz float Imperial Metals/Sumitomo drilling at M’banga (1.64 g/t Au Imperial Metals/Sumitomo drilling at M’banga (1.64 g/t Au
over 65 m, 4.3 g/t Au over 23 m in 1996 in 1996) over 65 m, 4.3 g/t Au over 23 m in 1996 in 1996) Low grade resource outlined on MKS by JICA – 16.8 million Low grade resource outlined on MKS by JICA – 16.8 million
tons at 0.66 g/t Autons at 0.66 g/t Au 4 km Au geochem anomaly at GG prospect from JICA 4 km Au geochem anomaly at GG prospect from JICA
surveysurvey 1 km Au geochem anomaly cluster at KLD aligns with 1 km Au geochem anomaly cluster at KLD aligns with
M’Banga deposit to northeastM’Banga deposit to northeast
Greencastle Resources Ltd.
Greencastle Resources Ltd.Greencastle Resources Ltd.
►Uranium in NUranium in Nigigerer
Niger is #4 producer of UraniumNiger is #4 producer of Uranium Over 7.8 million pounds uranium in 2004Over 7.8 million pounds uranium in 2004 Two mines currently in production near Arlit – one open pit, Two mines currently in production near Arlit – one open pit,
one underground owned and operated by consortium led one underground owned and operated by consortium led by Cogemaby Cogema
Applications for three concessions awaiting final approvalsApplications for three concessions awaiting final approvals
Greencastle Resources Ltd.
Geology of NigerGeology of Niger
Greencastle Resources Ltd.
Greencastle Resources Ltd.Greencastle Resources Ltd.
►Saskatchewan Oil and GasSaskatchewan Oil and Gas
Royalty Agreements in place Greencastle oil discovery at Primate (2003/4) Currently 8 producing wells operated by Trigger Gas discovery on Primate North shut in by Sphere Royalty income commenced in Q2 2005 Royalty income expected to exceed $1,300,000 in 2006 New wells added / production expected to increase
throughout 2007
Greencastle Resources Ltd.
Primate Wells
Primate Oil Wells, Primate Oil Wells, SaskatchewanSaskatchewan
Greencastle Resources Ltd.
Greencastle Resources Ltd.Greencastle Resources Ltd.2007 Business Plan2007 Business Plan
► Gold Exploration:Gold Exploration: Drilling at Jewel Ridge, Battle Mtn. Trend, NevadaDrilling at Jewel Ridge, Battle Mtn. Trend, Nevada Drilling in Niger by Orezone on Namaga and KoyriaDrilling in Niger by Orezone on Namaga and Koyria
► Oil Royalty:Oil Royalty: New wells to be added in 2007New wells to be added in 2007 Production expected to continue to increase through 2007Production expected to continue to increase through 2007
► Business Development:Business Development: Uranium concessions under application in NigerUranium concessions under application in Niger Continuing to evaluate additional opportunitiesContinuing to evaluate additional opportunities
► Positive net earnings in 2006 and expected for Positive net earnings in 2006 and expected for 20072007