Margaret Lake Diamonds Inc. - Corporate Presentation (April 2015) - Defining Drill Targets in the...
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Transcript of Margaret Lake Diamonds Inc. - Corporate Presentation (April 2015) - Defining Drill Targets in the...
Paul Brockington – President & CEO
- Mining engineer, executive, and former mining analyst with over 50 years experience in resources exploration, development, finance, and operation.
Buddy Doyle - Director & VP Exploration
- Geologist with 31 years experience in mineral exploration. Led the team that discovered the Diavik diamond deposits in 1994-95. Former Exploration Manager for Kennecott/Rio Tinto.
Peeyush Varshney, L.L.B. – Director
- Lawyer with over 17 years experience in capital markets. Principal of Varshney Capital Corp. and Director of Mountain Province Diamonds Inc. (TSX : MPV)
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Management
Mark Thompson – Director
- Fund manager and executive with extensive experience in natural resource investment, co-founder of Galena Asset Management Ltd.
Darryl Sittler – Director
- Retired NHL hockey player, board member for several public companies.
Thomas Hasek, P.Eng – Chief Operating Officer
- Geologist with over 40 years experience in mineral exploration. Former president of Brett Resources Inc. (later acquired by Osisko Mining)
Debbie Lew, C.P.A., C.G.A. – Chief Financial Officer
- Certified General Accountant, officer of several public companies.4
Management
Shares Issued:24,053,009
Warrants:4,924,000 @ $0.25 (April 22, 2016)
648,000 @ $0.30 (October 28, 2015)
Options:980,000 @ $0.10
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Share Structure
Margaret Lake Property Info
• Located in the southern Slave Craton, host to two significant diamond mines: Snap Lake and Gahcho Kué (under construction)
• Property is 10km north of De Beers / Mountain Province Diamonds’ Gahcho Kué project
• Winter road to Gahcho Kué crosses the Margaret Lake property
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Margaret Lake Property Option
• MLD has earned a 60% by incurring over $1mm of work expenditures prior to October 13, 2014
• An additional expenditure of $1mm by October 13th, 2015 to increase interest to 70%
• The vendor and owner of the residual 30% interest has the option, but not the obligation, to sell to MLD for $3mm
• No option payments, share consideration, or royalties payable
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Margaret Lake Property Program
• Contracted CGG Canada to fly HeliFALCON® system which incorporates gravity and magnetics
• Over 2,800 line kilometers on 75 meter line-spacings at a nominal 45 meters above terrain
• Completed detailed property-wide bathymetry using Worldview2 high-resolution satellite imagery
• Bathymetry aided in the interpretation of gravity data and target definition a year earlier than conventional bathymetry
• 160 till samples were collected
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Marlin Property Info
• 23 claims covering approximately 25,834 hectares, contiguous to the west of the Margaret Lake property and to the N and W of Kennady Diamonds
• 2 indicator mineral trains & untested airborne anomalies
• MLD can earn a 49% interest with expenditures of $1.75mm over 3 years
• MLD met year one obligation of $500,000
• JV agreement at 30% or 49%
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Marlin Property Program
• Till sampling completed in August, 126 samples taken, sampling locations determined through re-analysis of Canterra’s proprietary database
• HeliFALCON® survey was extended to fly the original ~10,450 ha Marlin claims, over 1,500 line km flown
• Detailed property-wide bathymetry using Worldview2 high-resolution satellite imagery was completed
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Satellite DTM with Bathymetry
By using Satellite Bathymetry, MLD has saved time and money compared to all previous workers.
Faraday
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Executive Summary
• Airborne Gravity Gradiometry (AGG) data over 23 targets was inverted
• The recovered models showed a variety of body shapes and density contrasts
• The inversion results can help with further prioritization before drilling
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Inversion Modelling Ranking
• Prioritized A targets (high to low):• ML006 • ML049• ML009
• Prioritized B targets (high to low):• ML024• ML047• ML051• ML026• ML041• ML014• ML022• ML021
• Non-modelled (to date) magnetic target:• ML025: semi-isolated mag-high flanking dyke, no AGG response
(on land)
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AGG Targeting / Inversion
The targets selected for drilling based on gravity gradiometry inversions
For more information:
Paul Brockington, President & CEOT: (604) 630-2810
#2050 – 1055 West Georgia StreetPO Box 11121, Royal Centre
Vancouver, B.C., V6E 3P3
www.margaretlakediamonds.ca