copper gold porphyry exploration
play

Copper Gold Porphyry Exploration in British Columbia August 2018 - PowerPoint PPT Presentation

Copper Gold Porphyry Exploration in British Columbia August 2018 TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E Why OK2 Minerals? HIGH MANAGEMENT ATTRACTIVE QUALITY TRACK RECORD SHARE PRICE PROJECTS TSX-V: OK E X P L


  1. Copper Gold Porphyry Exploration in British Columbia August 2018 TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E

  2. Why OK2 Minerals? HIGH MANAGEMENT ATTRACTIVE QUALITY TRACK RECORD SHARE PRICE PROJECTS TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E 2

  3. Key Management & Directors Mike Devji | CHAIRMAN, CEO & DIRECTOR An experienced financier of public companies, Mr. Devji’s most recent success was as Vice President of ORKO SILVER CORP and w as responsible for raising more than $50 million to explore the LA PRECIOSA silver deposit in Durango, Mexico. Orko Silver was sold to COEUR MINING in 2013 for $384 million. Prior to that, Mr. Devji led a group of investors who financed a 40% interest in the SOUTH KEMESS GOLD-COOPER in British Columbia, Canada. That interest was subsequently sold for over $400 million. George Cavey, P.Geo | VP EXPLORATION & DIRECTOR Mr. Cavey has over 40 years in exploration and consulting as the president of OREQUEST CONSULTANTS. Past President of the Geoscientists Canada. The 2004 recipient of the APEGBC C.J. Westerman Award. Also the recipient of the 2010 Canadian Professional Geoscientist Award, Canada’s highest honor for a Professional Geoscientist. Consultant to the BCSC and the TSX Venture Exchan ge. Former Vice President Exploration for ORKO SILVER who discovered the 264 million ounce LA PRECIOSA silver deposit. He was a member of the Canadian Securities Administrators mining advisory committee (MTAMC) for many years. Jim Currie, P.Eng | DIRECTOR Mr. Currie is the former COO of PRETIUM RESOURCES INC. and has over 38 years of experience in the mining industry, and has held roles in senior management, engineering and operations on a number of projects that have progressed through feasibility to successful operation including the construction and development of NEW GOLD INC.'s New Afton gold mine in British Columbia. He is the 2014 co- winner of AME BC’s prestigious EA Scholtz Award for Excellence in Mine Development for his work on New Afton. Cyrus Driver, CA | CHIEF FINANCIAL OFFICER & DIRECTOR Tag Gill, B.A.Sc., CGA | DIRECTOR Douglas Cavey | TECHNICAL SERVICES MANAGER Blair Schultz, B.Math, Acc. Dir. | ADVISORY BOARD Mr. Schultz has extensive knowledge in the capital markets having served as VP of K2 Investment Mgmt 13 years. In 2012, Blair became Chairman of KLONDEX MINES and later an Executive Director, while they transformed an insolvent exploration project into one of T SX’s most successful companies, evolving from a $40 million market cap explorer to a successful gold producer that now has been purchased by Hecla Mining. He is a member of the Board for Eastmain Resources and Chair of the Audit Committee. Between 2015 and 2016, Blair was a Director and Chair of the Committee of VMS VENTURES during which time he negotiated a successful sale to Royal Nickel. TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E 3

  4. Corporate Overview TSX-V: OK | Frankfurt: 1KO TRADING INFORMATION SHARE STRUCTURE $0.03 - $0.14 CDN 52 Week Low/High 97,975,007 Issued & Outstanding $0.04 - $0.06 CDN Current Trading Range Options 5,885,000 (exercise prices $0.10 – $0.23) Warrants ( to Dec 2019) 22,577,886 SHARE OWNERSHIP (exercise price - $0.20) 126,437,893 Fully Diluted Management & Associates >25% TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E 4

  5. Company Highlights OK2 Minerals History Pyramid Property Kinskuch Lake is acquired Property is acquired Orko sold to Field season consisted of Coeur Mining Pyramid RC & diamond drilling Management self financed the project for the for $384 Million first few years due to difficult market conditions 2013 2014 2015 2016 2018 2017 Gold Jubilee Capital, Field season to consist of created with three of the Kinskuch Lake diamond drilling original Orko Directors Name change from Gold Jubilee Capital Corp to OK2 Minerals Ltd. TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E 5

  6. Company Highlights Two High Quality Properties • Exploring two high quality properties, Pyramid & Kinskuch Lake, in the vicinity of the world class copper and gold deposits in BC’s Golden Triangle • Safe jurisdiction • BC’s Golden Triangle is Canada’s most active area for exploration and development by both junior and senior companies in 2018 • Over 150 million oz of gold , 750 million oz of silver , and 50 billion lbs of copper have been found TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E 6

  7. Company Highlights Proven Wealth Creators Management are proven wealth creators through new discoveries Kemess copper gold La Preciosa Direct involvement porphyry deposit in silver deposit with the discovery Central BC in Mexico of the Eskay Creek deposit ST PHILLIPS RESOURCES ORKO SILVER TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E 7

  8. Company Highlights Exit Opportunities for Investors Management has a proven track record of providing exit opportunities for investors ORKO SILVER | taken over by Coeur Mining La Preciosa Silver Deposit KLONDEX MINES | taken over by Hecla Mining Corp Fire Creek, Midas and Hollister Mines VMS VENTURE | taken over by Royal Nickel Corp Reed Mine MIRAMAR MINING | taken over by Newmont Mining Hope Bay Deposit PRIMARY METALS | taken over by Sojitz Inc. Panasqueira Tungsten Mine ST PHILLIPS RESOURCES | taken over by Royal Oak Mines Kemess South Copper/Gold Deposit TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E 8

  9. Company Highlights Experienced Mine Builders Management contains experienced Mine Builders PRETIUM RESOURCES | Brucejack Mine NEW GOLD | New Afton Mine KLONDEX MINES | Fire Creek, Midas and True North Mines FIRST QUANTUM | Guelb Moghrein Mine CORNUCOPIA RES | Mineral Ridge TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E 9

  10. Kinskuch Lake Property Advanced Copper-Gold Porphyry Target Kinskuch Lake is located in the metal-rich region of the southern Golden Triangle that includes some of the most active exploration/ development projects in BC Pretium | BRUCEJACK Seabridge | KSM Ascot | PREMIER IDM | RED MOUNTAIN Auryn | HOMESTAKE RIDGE Dolly Varden | TORBRIT/DV Imperial | RED CHRIS Over 150 million oz of gold, 750 million oz of silver, and 50 billion lbs of copper have been found in the Golden Triangle TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E 10

  11. Kinskuch Lake Property TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E 11

  12. Kinskuch Lake Property History and Deal • Nearly 40 companies have conducted exploration work in the Kinskuch Lake claim (geological mapping, prospecting, sampling, drilling, etc.) since the early 1900s. Some of the senior mining companies (or their subsidiaries) that have conducted recent exploration in the area: • Only 13 holes have been drilled (2,140m) in the past 14 years • OK2 Minerals has the right to earn a 100% interest in the project subject to a small production mineral royalty . To earn the interest, the Company must make the payments totaling $3,250,000 and incur exploration expenditures totalling $3,200,000 by 2021: • pay $200,000 in 2018 and have incurred $700,000 in exploration expenditures by late 2018, • pay $300,000 in 2019 and have incurred $1,700,000 in exploration expenditures by late 2019; • pay $500,000 in 2020 and have incurred $3,200,000 in exploration expenditures by late 2020, • pay $2,000,000 by late 2021. • $250,000 paid to date and ~$300,000 in exploration expenditures completed to date TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E 12

  13. Kinskuch Lake Property Receding Ice – New exploration targets Extensive Glaciers Same Glaciers – 2016 Director Cavey – 1980 Glaciers have receded since 1980 providing new mineral exposures TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E 13

  14. Kinskuch Lake Property Regional Geological Setting The only two areas in the Golden Triangle where known gold silver deposits exist on the west side of a large regional fault structure and porphyry deposits exist on the east side of the regional fault structure TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E 14

  15. Hecla Claims Silver Basin Block Camp Kinskuch Lake Block VMS Block Hecla Claims Hecla Claims TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E 15

  16. Kinskuch Lake Property Advanced Copper-Gold Porphyry Target X Silver Basin Block 7,688 g/t Ag, 24.2% Cu and 1.45% Zn Kinskuch Lake Block VMS Block Area of 2017 Mapping & Sampling FOREST KERR 1965 16m of 1.22% Cu 43.7m of 0.23% Cu 2017 OK2 rock sample Historic VMS sulphide grab samples Historic mineral resource TSX-V: OK E X P L O R I N G T H E G O L D E N T R I A N G L E 16

Recommend


More recommend