Geology and Mineralization of the Chief Danny Prospect Contango Ore Inc. Tetlin Project Tok, AK Christopher J. Van Treeck Tetlin Project Geologist, Avalon Development Corp.
Contango Ore, Inc. 3 Disclaimer This presentation may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, in-situ valuations, mining costs, potential mineral recovery processes, mineral resources or reserves and other related matters. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. The forward-looking statements contained in this presentation represent the subjective views of the management of Contango ORE, Inc. and management’s current estimates of future performance based on assumptions that are subject to significant business, economic and competitive uncertainties and contingencies, which are beyond the control of Contango ORE, Inc. and which may or may not prove to be correct. The Contango ORE, Inc. properties addressed herein are at an early stage of development. More work is required before mineralization and project economics can be confidently modeled or determined. Actual results may differ materially from those currently anticipated and presented in this presentation. No representation, warranty or prediction is made or intended as to the results of future work, the ability to obtain governmental approvals for further development or the accuracy or completeness of any of the information contained in this presentation. There is no assurance that the estimates and projections herein will be sustained in future work or that the project will otherwise prove to be economic. You should not unduly rely on these forward-looking statements in this presentation. Contango ORE, Inc. expressly disclaims any and all liability relating to or resulting from the use of information contained in this presentation. AMA 2013 Annual Convention, Anchorage AK
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The Chief Danny Prospect 5 July 2013 AMA 2013 Annual Convention, Anchorage AK
The Chief Danny Prospect 6 October 2013 AMA 2013 Annual Convention, Anchorage AK
Location 7 AMA 2013 Annual Convention, Anchorage AK
8 Location AMA 2013 Annual Convention, Anchorage AK
Location 9 AMA 2013 Annual Convention, Anchorage AK
10 Property History • 2008 Juneau Exploration acquired mineral exploration and production lease on 273,163 hectares (675,000 acres) of surface and subsurface rights to Tetlin Village Council Lands • 2009-2010 Juneau Exploration stakes AK Mining Claims near the lease area • 2009-2010 Contango Mining Company, a subsidiary of Contango Oil and Gas Company (MCF.NYSE) acquired the lease and AK Mining Claims • 2010 Contango ORE Inc. is spun out from Contango Oil and Gas Company, and begins trading under symbol CTGO.PK • 2012-2013 Contango ORE Inc. stakes additional AK Mining Claims – Property now covers 300,834 hectares (743,376 acres) AMA 2013 Annual Convention, Anchorage AK
11 Current Exploration History 2009 AMA 2013 Annual Convention, Anchorage AK
Tetlin Project Current Exploration 12 History • Lease Signed Q3 2008, remote sensing data acquired and analyzed • 2009 First Reconnaissance Program June-July – follow up Soil sampling and Trenching Sept-Oct • 2010 Prospecting & Stream Sediment, Pan Concentrate, focused Basal Soil sampling June-Sept, IP survey Sept-Oct • 2011 Basal Soil sampling May-Aug, Airborne Magnetic and Resistivity (DigHEM) survey May, 11 hole (2456 m) core drilling program Aug-Oct • 2012 Basal Soil sampling May-Sept, 50 hole (10,974 m) core drilling program May-Sept, Inferred Resource Estimate • 2013 Airborne Magnetic and Resistivity (DigHEM, HeliTEM) survey May, Basal Soil sampling May-Sept, Stream Sediment & Pan Concentrate sampling July-Aug, 69 hole (14,625 m) oriented core drilling program June-Sept AMA 2013 Annual Convention, Anchorage AK
13 Current Exploration History 2010 AMA 2013 Annual Convention, Anchorage AK
Tetlin Project Current Exploration 14 History • Lease Signed Q3 2008, remote sensing data acquired and analyzed • 2009 First Reconnaissance Program June-July – follow up Soil sampling and Trenching Sept-Oct • 2010 Prospecting & Stream Sediment, Pan Concentrate, focused Basal Soil sampling June-Sept, IP survey Sept-Oct • 2011 Basal Soil sampling May-Aug, Airborne Magnetic and Resistivity (DigHEM) survey May, 11 hole (2456 m) core drilling program Aug-Oct • 2012 Basal Soil sampling May-Sept, 50 hole (10,974 m) core drilling program May-Sept, Inferred Resource Estimate • 2013 Airborne Magnetic and Resistivity (DigHEM, HeliTEM) survey May, Basal Soil sampling May-Sept, Stream Sediment & Pan Concentrate sampling July-Aug, 69 hole (14,625 m) oriented core drilling program June-Sept AMA 2013 Annual Convention, Anchorage AK
15 Current Exploration History 2011 AMA 2013 Annual Convention, Anchorage AK
Tetlin Project Current Exploration 16 History • Lease Signed Q3 2008, remote sensing data acquired and analyzed • 2009 First Reconnaissance Program June-July – follow up Soil sampling and Trenching Sept-Oct • 2010 Prospecting & Stream Sediment, Pan Concentrate, focused Basal Soil sampling June-Sept, IP survey Sept-Oct • 2011 Basal Soil sampling May-Aug, Airborne Magnetic and Resistivity (DigHEM) survey May, 11 hole (2456 m) core drilling program Aug-Oct • 2012 Basal Soil sampling May-Sept, 50 hole (10,974 m) core drilling program May-Sept, Inferred Resource Estimate • 2013 Airborne Magnetic and Resistivity (DigHEM, HeliTEM) survey May, Basal Soil sampling May-Sept, Stream Sediment & Pan Concentrate sampling July-Aug, 69 hole (14,625 m) oriented core drilling program June-Sept AMA 2013 Annual Convention, Anchorage AK
17 Current Exploration History 2012 AMA 2013 Annual Convention, Anchorage AK
Tetlin Project Current Exploration 18 History • Lease Signed Q3 2008, remote sensing data acquired and analyzed • 2009 First Reconnaissance Program June-July – follow up Soil sampling and Trenching Sept-Oct • 2010 Prospecting & Stream Sediment, Pan Concentrate, focused Basal Soil sampling June-Sept, IP survey Sept-Oct • 2011 Basal Soil sampling May-Aug, Airborne Magnetic and Resistivity (DigHEM) survey May, 11 hole (2456 m) core drilling program Aug-Oct • 2012 Basal Soil sampling May-Sept, 50 hole (10,974 m) core drilling program May-Sept, Inferred Resource Estimate • 2013 Airborne Magnetic and Resistivity (DigHEM, HeliTEM) survey May, Basal Soil sampling May-Sept, Stream Sediment & Pan Concentrate sampling July-Aug, 69 hole (14,625 m) oriented core drilling program June-Sept AMA 2013 Annual Convention, Anchorage AK
19 Current Exploration History 2013 AMA 2013 Annual Convention, Anchorage AK
Tetlin Project Current Exploration 20 History • Lease Signed Q3 2008, remote sensing data acquired and analyzed • 2009 First Reconnaissance Program June-July – follow up Soil sampling and Trenching Sept-Oct • 2010 Prospecting & Stream Sediment, Pan Concentrate, focused Basal Soil sampling June-Sept, IP survey Sept-Oct • 2011 Basal Soil sampling May-Aug, Airborne Magnetic and Resistivity (DigHEM) survey May, 11 hole (2456 m) core drilling program Aug-Oct • 2012 Basal Soil sampling May-Sept, 50 hole (10,974 m) core drilling program May-Sept, Inferred Resource Estimate • 2013 Airborne Magnetic and Resistivity (DigHEM, HeliTEM) survey May, Basal Soil sampling May-Sept, Stream Sediment & Pan Concentrate sampling July-Aug, 69 hole (14,625 m) oriented core drilling program June-Sept AMA 2013 Annual Convention, Anchorage AK
21 Geochemical Sampling Chip Core Geophysics Trenching Year Prospect Core Grab Rock Channel Basal Soil Pan Con Stream Sed Drilling (m) (line km) (m) 390 94 111 Project-wide Recon 2009 84 484 33 710 Chief Danny Prospect 364 125 666 789 Project-wide Recon 2010 251 610 26 34 14 Chief Danny Prospect 18 921 5 1 3,957 Project-wide Recon 2011 1,267 20 668 2,456 Chief Danny Prospect 495 Project-wide Recon 2012 5,223 13 69 534 10,974 Chief Danny Prospect 8 1164 85 278 2,414 Project-wide Recon 2013 8,970 6 243 14,625 Chief Danny Prospect 15,460 1,154 553 4,793 876 1,213 28,055 6,385 710 Project Totals 15,460 374 553 2,088 26 34 28,055 14 710 CD Prospect Totals AMA 2013 Annual Convention, Anchorage AK
Tetlin Project 22 Exploration Expenditures Calend a r Expenditures Year (in millions) Project-wide Recon, Au-Cu Mineralization Discovery at CD 2009 Prospect $ 0.2 2010 Project-wide Recon, CD Prospect Soils, CD IP Survey $ 1.8 2011 Airborne Geophysics, CD Prospect Soils, CD Core Drilling $ 3.3 Project-wide Recon, CD Prospect Soils, CD Core Drilling, 2012 Peak Zone Discovery & Non-Compliant Resource $ 5.4 Airborne Geophysics, Project-wide Recon, CD Core 2013 Drilling, Peak Zone Resource Defintion $ 8.6 $ 19.3 AMA 2013 Annual Convention, Anchorage AK
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24 Structural Pattern AMA 2013 Annual Convention, Anchorage AK
25 Gold in Soil n=2105 AMA 2013 Annual Convention, Anchorage AK
Cu As 26 Elemental Zoning in Soils Zn Pb Au/Cu core with Pb/Zn periphery Saddle Zone Breccia is Cu poor AMA 2013 Annual Convention, Anchorage AK
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