ASHMONT RESOURCES CORP. TEL: +1 604 566 9556 1220 – 1111 MELVILLE STREET FAX: +1 604 608 4936 VANCOUVER, V6E 3V6 EMAIL: info@ashmont.ca
Disclaimer Some of the statements and financial projections contained in the following material are forward-looking statements and not statements of facts. Such statements are based on information currently available and have not yet been verified by an independent Qualified Person. The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties that could cause actual results to vary materially from targeted results. Such risks and uncertainties include those described from time to time in the corporations latest annual and quarterly reports and management discussion and analysis. The corporation assumes no obligation to publicly update any forward-looking statement, whether as result of new information, future events or otherwise. Where there is a historical resource estimate provided readers are cautioned that the Company has not yet completed the work necessary to verify the classification of the resources and is not treating the resource figure as a NI 43-101 defined resource verified by a Qualified Person at this time and therefore the resource figures should not be relied upon by investors. 2
Why Colombia • Pro-business Environment • Currently Achieved Investment grade from Standard and Poors, Fitch and Moodys • 5 th largest economy in Latin America (GDP US$242 Bn) • Steadiest GDP growth in Latin America 1970−2007 (World Bank) • Lowest average inflation in Latin America 1998−2008 (DANE) • FDI increased 400% 2002−2008 (Colombia Central Bank) • 2 nd best business climate in Latin America (World Bank) • 2 nd best investor protection in Latin America (Forbes) • 4 th largest market capitalization total in Latin America • US$8.8 billion infrastructure investment through 2012 • Mine royalties to government 3.2% • Nominal corporate tax rate approximately 32% Content acknowledgement - Continental Gold 3
Property Locator El Alacran IOCG • Exploration Started in mid 1980 ´ s • IOCG style ore body • Drilling started in September/11 • Historical information has proven accurate • 12.000 meter program finished March/12 Santa Cruz • Historical mining district • Significant presence of gold • Historical exploration carried out by Anglo found presence of mineralization of up to 20 meters and 1.8grs/ tn Au • Starting Drilling March/12 • Mapping and sampling campaign finished • Geophysics finished March/12 Choco • Historical mining district of Platinum and Gold • Large tenement area 10.000+Hectares 4
Alacrán Bulk Mineable Copper Gold Target Currently being Drilled 5
Project Location • 200 kms North of Medellin • Road Access to mine • Located in one of Colombia’s largest formal mining Districts • BHP Billiton's Cerromatoso Open - pit Nickel Mine • Argos’ Carbones del Caribe Open Pit Coal Mine • Close to port infrastructure • Electrical power supply Main Road to Port Transit Distance to Sea Port 259kms CerroMatoso Alacrán – Puerto Libertador 27kms Puerto Libertador – Highway 52kms Carbones del Caribe Highway – Cartagena Port 180kms Alacrán 6
Project Highlights • Large, under explored , IOCG Type Cu - Au mineral system with artisanal production. • Initially discovered in the mid 1980’s and recently had the 30 year concession contract renewed – 2009 to 2039. • Initial exploration of the mid 1980’s includes: • 15 Diamond Core Drill Holes totaling 2407 meters at average depth of 150 meters • All 15 holes cut the ore body and all structural and geochemical information is available. 3D Modeling of Historic Data • Extensive surface sampling including trenching and adits • Geological Mapping 1:5000 scale 7
Mineralogy and Alteration Mineralization consists of a series of sub - parallel stratiform replacement -style bodies and wallrock disseminations. The ore body is composed of magnetite, specularite , ilmenite, (IOCG Style) pyrite, chalcopyrite and sphalerite . Mineralization occurs within all members of the sedimentary sequence, where it can be traced over a strike length of greater than 1,200 meters and local thickness of more than 30 meters. Oxide/sulphide mineralization locally forms massive admixtures, replacing 100% of the hosting sedimentary strata. The Volcaniclastic sequence is overlain by a pyroclastic unit, predominantly of lithic and crystal tuffs. Alteration, includes silicification , calcitic carbonitization , sericitisation, epidotisation and disseminated pyritization observed within the sedimentary sequence. In the vicinity of the quartz diorite stock to the north mineralization in contact with metamorphic hornfels an increase in silicification is clearly observed . 8
2011 Mapping Campaign 9
Underground Addit Sampling 10
Sample ID Sample ID Meters Cu Grade Au Grade 101 105 5 1,99% 0,75 119 130 12 1,28% 1,00 137 153 17 1,91% 0,98 156 174 19 0,55% 0,71 180 190 11 0,27% 0,36 197 205 9 0,22% 1,23 216 223 8 0,55% 0,53 232 257 26 1,92% 0,93 263 307 45 0,47% 1,39 311 321 11 0,28% 0,80 11
Magnetometry 12
2011 Geophysical Campaign Mineralization is associated to magnetite and Mushequetovite, allowing magnetometry work to prove highly relevant in indicated continuations of the ore body The white outline consists of the area originally drilling in the 1980’s campaign. Target remains open on strike and at depth. Additional targets will be tested in due time. 13
Drill Plan Design First phase of drilling already started 9 th September 2011 • Meters involved: 11,230.55 meters • Average depth: 261 meters • Deepest hole: 367.30 meters • Number of drill holes: 45 • Numbers of rig 2012: 2 14
Phase 1 Drill Program Southern Step-out ASA-007 ASA-003 15
5 Meter Composite AuEq 16
North Sector Results North Sector Diamond Drill Intercepts (Cutoff 0.3ppm AuEq) From (m) To (m) Width AuEq (ppm) Ag (ppm) Au (ppm) Cu (%) Mo (ppm) ASA - 012 0 200 200 1.59 3.44 0.24 0.67 7.1 10 35 25 2.41 2.68 0.14 1.17 21.4 125 139 14 2.25 3.89 0.71 0.77 15.5 Including 142 147 5 2.25 4.74 0.38 0.93 0.0 156 185 29 3.92 9.43 0.61 1.65 0.5 213 240 27 0.96 3.30 0.16 0.39 13.7 Including 222 229 7 2.24 7.54 0.46 0.86 20.6 ASA - 010 0 15 15 0.22 0.08 0.09 0.07 7.7 23 110 87 1.04 1.85 0.09 0.48 5.4 31 36 5 3.41 2.26 0.18 1.68 4.8 Including 85 88 3 4.52 8.63 0.37 2.10 3.0 124 236 112 0.98 2.13 0.18 0.40 6.0 150 157 7 3.02 6.31 0.53 1.25 3.7 167 169 2 2.23 4.35 0.68 0.77 6.5 Including 197 203 6 1.28 2.83 0.16 0.56 0.3 211 216 5 2.07 3.50 0.33 0.88 3.8 224 232 8 1.50 4.05 0.31 0.58 11.3 ASA - 008 0 3 3 0.28 0.00 0.06 0.12 17.7 8 27 19 0.47 0.55 0.06 0.21 12.3 78 204 126 1.65 3.62 0.36 0.64 15.2 86 96 10 1.49 5.89 0.47 0.48 1.0 104 114 10 2.67 7.99 0.93 0.84 118.6 128 141 13 4.44 6.82 0.77 1.86 12.2 Including 148 151 3 1.91 2.63 0.30 0.82 0.7 156 175 19 2.29 3.29 0.47 0.93 1.1 180 186 6 2.14 3.63 0.51 0.82 11.3 ASA - 004 0 19 19 0.36 0.58 0.07 0.15 4.5 102 229 127 0.62 1.27 0.25 0.18 7.1 179 186 7 1.76 5.46 0.35 0.69 33.6 Including 204 217 13 1.56 2.78 0.60 0.48 10.2 222 227 5 1.51 0.60 1.24 0.14 18.8 17
5 Meter Composite AuEq 18
Central Sector Results Central Sector Diamond Drill Intercepts (Cutoff 0.3ppm AuEq) From (m) To (m) Width AuEq (ppm) Ag (ppm) Au (ppm) Cu (%) Mo (ppm) ASA - 001 127 142 15 2.75 9.37 0.34 1.17 39.5 Including 129 136 7 5.03 17.67 0.56 2.17 34.3 181 193 12 0.42 1.31 0.08 0.17 9.1 222 228 6 0.45 1.42 0.05 0.19 0.7 ASA - 002 0 6 6 0.29 0.97 0.04 0.12 1.7 84 101 17 0.44 0.35 0.08 0.19 0.8 Including 99 101 2 3.02 2.25 0.59 1.26 0.5 118 192 74 1.80 4.57 0.29 0.75 19.2 122 129 7 5.76 13.94 1.37 2.17 32.9 134 143 9 6.73 17.28 0.62 3.04 43.0 Including 152 154 2 2.56 9.30 0.39 1.05 51.0 184 187 3 1.16 3.67 0.10 0.52 45.7 ASA - 003 0 18 18 0.26 0.33 0.04 0.11 5.9 80 135 55 2.26 5.60 0.69 0.77 39.2 Including 92 125 33 3.27 8.71 0.99 1.11 51.2 165 178 13 2.58 8.20 0.09 1.23 24.2 Including 171 177 6 4.84 15.98 0.05 2.36 22.3 183 207 24 0.87 3.05 0.10 0.37 3.0 ASA - 005 169 178 9 0.72 0.89 0.34 0.19 2.1 197 216 19 1.00 1.86 0.44 0.27 2.8 205 208 3 1.76 4.60 0.43 0.65 5.7 213 216 3 2.86 5.10 2.01 0.39 3.3 Including 222 227 5 1.51 0.60 1.24 0.14 18.8 ASA - 013 0 13 13 0.73 1.79 0.48 0.12 5.2 Including 0 6 6 1.45 3.50 0.99 0.20 9.8 94 115 21 4.30 13.33 0.51 1.86 43.7 Including 97 115 18 4.96 15.56 0.59 2.14 50.1 120 129 9 1.04 1.96 0.06 0.49 34.8 19
5 Meter Composite AuEq 20
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