Multi-Layer PGE Mineralization in the Nipigon Reefs Complex MFX: TSXV NORTHWEST ONTARIO. November 2012

Transcription

1 Multi-Layer PGE Mineralization in the Nipigon Reefs Complex NORTHWEST ONTARIO November 2012 MFX: TSXV 1

2 Disclaimer This presentation may contain forward-looking statements including, but not limited to, information regarding geological interpretations, potential timing and content of exploration programs, receipt of permits or property titles, joint venture agreements, Company financings, etc. Forward-looking statements refer to events and conditions which have not yet taken place, and therefore involve inherent risks and uncertainties. Actual results may differ materially from those anticipated in these statements. Minfocus Exploration Corp. relies upon litigation protection for forward-looking statements. Gerald Harper, P. Geo. President & CEO, is the Qualified Person under NI for the projects discussed in this presentation. 2

3 Minfocus Exploration Corp. Our Corporate Vision and Strategy Focused on continued growth of a portfolio of Platinum Group Element ( PGE ) rich resource assets by exploration, acquisition and JV s in NW Ontario, Canada NW Ontario is one of the Most Stable Mining Districts in the world with Global Class PGE deposits Distinguished Management Group with multiple discoveries of deposits worldwide and +15 years experience and success exploring for PGE-rich resources in Ontario 3

4 Current Lake Mineralization Discovery: 2001 Discovery boulder assayed up to 4.1 g/t Pt g/t Pd new type of PGE deposit in N.A. PGE s with Pt:Pd > 1.0 Discovery by Dr. Gerald Harper and Dr. Graham Wilson, principals and directors of Minfocus Exploration Corp. 4

5 Minfocus Six PGE-Cu-Ni Projects Weese-Luella Witchwood Sim Lake Max Lake Timmins Railways Highways Nipigon Reefs Chief Peter Thunder Bay Sudbury Toronto Ottawa 100 km Chicago 5

6 Nipigon Reefs North American Palladium Lac des Iles Mine/Mill Palladium (+3.4 million oz Pd) MINFOCUS EXPLORATION NIPIGON REEFS PROJECT Lake Nipigon Nipigon Reefs Thunder Bay 50 km 527 Panoramic Resources Current Lake Deposit Platinum (+790,000 oz Pt equiv) 11 20km to Thunder Bay 50 km 6

7 Nipigon Reefs Major Crustal Structures 7

8 Overview of Platinum Content in Nipigon Sill Nipigon Diabase/Gabbro Sill Extent 150km x 250km x 0.5km = 18,750 Billion m 3 U Crust abundance of Pt = 0.5 ppb Mantle abundance of Pt = 6.6ppb Therefore, Nipigon Sill system contains: 28, ,250 tonnes Platinum Current world annual Pt production is tonnes 8

9 Nipigon Reefs Development of PGE-Rich Deposit Conceptual Evolution: 2-Stage Differentiated Magma System via Intermediate Chamber 9

10 Nipigon Reefs Evolution of Layered Complex 10

11 Nipigon Reefs Extensive Ultramafic Complex Since 1988: Over extensive area 30km x 25 km 83 DDHs drilled by 7 10 companies Almost all encountered ultramafic rocks of Nipigon Reefs Complex 30km Focus of Historic Drilling 25km Area of Minfocus Nipigon Reefs Property 11

12 Nipigon Reefs Minfocus Work Areas Lake Nipigon Walotka Lake Leckie Lake Nipigon Reefs Thunder Bay SEAGULL NORTH JV CLAIMS WORK AREA 50 km Tease Lake Anders Lake Moraine Lake SPRINGLET LAKE CLAIMS WORK AREA 5 km 15km to HWY

13 Nipigon Reefs Large PGE Mineralized Structure 5 km 15km to HWY

14 Nipigon Reefs Large PGE Mineralized Structure 14

15 Nipigon Reefs Alteration with magnetic expression Serpentinised peridotite (dark grey) intruded by diabase (pale) sill. Close to the contact the peridotite is enriched in magnetite and iron sulphide minerals (DH WM12-35 contact at 141m) 15

16 Nipigon Reefs Layered Mineralization in Drill Core Dunite with magnetite-rich bands dipping at 25 (DH WM12-35, m) 16

17 Nipigon Reefs - Mineralizing Event Final emplacement involved several pulses with the last carrying most mineralization in droplets intruding earlier melt. DH SL10-05 blebs carry native copper, sulphur deficient environment, blebby interval grades 2% Cu, overall interval has 0.2% Cu over 1m. 17

18 Nipigon Reefs Plan of Focus Area of Historic Drilling Minfocus and Historic Drilling Identified Multiple PGE Layers 4km x 4km Area 18

19 Nipigon Reefs Section E Multiple PGE layers identified in step-faulted environment 19

20 Nipigon Reefs Section E Features Basal PGE layer 20

21 Nipigon Reefs Surface Trenching and Pit Sampling Upper PGE Zone Confirmed 21

22 Nipigon Reefs PGE Mineralization The PGE Mineralization Zone Hole Length Cu% Ni% Pt g/t Pd g/t S% Pt:Pd Upper Tr 4 pit N/A Int m Int m Int-U m Int-L m Int m Basal m Basal m Basal m Basal m Basal m Basal m

23 ppm Pt PGE Mineralization versus Copper Comparison between Nipigon Reefs and Current Lake Nipigon Reefs Current Lake Weight % Cu 23

24 Nipigon Reefs Down Hole Magnetic Characteristics and Chemistry Dunite 24

25 Nipigon Reefs Lithology, Major and Minor Element Chemistry DH WM12-36 Peridotite PGE zone PGE zone Dunite Archean basement 25

26 Nipigon Reefs Emerging Potential - Already Surpassed Previous Assessments Multiple broad ( metres) thick intercepts over a distance of more than 1.0 km with grades up to 2.47 g/t 3E There is evidence that these mineralized layers are exposed at surface potentially over a substantial strike length with grades up to 1.92 g/t 3E, which may be a new PGE layer, not identified by any prior drilling The geological system containing the Nipigon Reefs project is 10 15km in diameter with only a small fraction explored due to prior focus by others mostly pursuing geophysical anomalies. The depth (<500 metres) and grades of mineralized layers are world class and economically competitive with the deeper and deeper ( metres) South African platinum mines, as well as the more recent shallower discoveries in South Africa because of higher Pt:Pd ratios in Nipigon Reefs 26

27 Thank You for Your Attention Contact: Minfocus Exploration Corp. Tel: Fax: