Ubique Minerals Daniel’s Harbour Zinc Discovery Presentation by Gerald Harper, November 9 th, 2019 1
Di Disc sclaimer laimer • 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. Ubique Minerals Limited relies upon litigation protection for forward-looking statements. • Gerald Harper, P. Geo. CEO, is the Qualified Person under NI 43-101 for the projects discussed in this presentation. 2
Ove verview view ➢ Private company made zinc discovery in Newfoundland in 2017 adjacent to former Daniel’s Harbour zinc mine ➢ Discovery drill program yielded spectacular high grade intersection ➢ Company completed listing requirements and went public in August 2018 ➢ More drilling in 2018 which defined trend of PE Zone ➢ Optioned surrounding area from Minkap Resources ➢ Undertook more drilling in 2019 3
What hat wa was s Da Daniels niels Harbour? rbour? ➢ A zinc mine in western Newfoundland adjacent to town of Daniel’s Harbour ➢ Operated from 1975 to 1990 with total production 7.225 m tons @ 7.93% Zn. 20% open pit, 80% underground mined, 96-98% recovery, very high grade, premium concentrate shipped from deep water port 65 kilometres away. ➢ The zinc ore is a pale coloured sphalerite in dolomitic host rock; a “Mississippi Valley Type” (“MVT”) deposit. Yielded a very high grade (62 -5 – 63.0% Zn) clean concentrate. 4
Th The e Po Powe wer r of of Gra Grade de! ➢ The former mine had an average grade of almost 8% Zinc. ➢ 8% Zinc equates to 176 pounds of contained zinc in every metric tonne of ore, which at US$1.10 per pound of zinc gives a rock value of US$193.60 (C$250.00) per tonne. ( Equivalent gold grade would be 5 g/t) ➢ The break even operating cost of the former mine was the equivalent of 4% zinc. 5
What is the Geology? 6
Nex ext sl slide de
P Z P Zon one e ex expl ploration oration Section 469400E 8
P Z P Zon one Sec ection on 46 4694 9400E 00E Note te in increasing asing in intensi sity ty of pseud udobre brecci ccia a nort rth- war ards ds ( un unit it wit ith symbo bol l PBX3 X30 0 ). It sug ugges gests ts we need to dril ill l nort rthward hwards! s! 9
Drilling on the MINKAP Option Licenses N Zone First task was to twin historic holes to satisfy 43-101 requirements Results for 1386 and Nose Zones provide 1386 6 Zone Nose e Zone confirmation. N Zone pending. 10
13 1386 86 Zo Zone ne re resu sult lts s of of twinning inning 11
No Nose se Zo Zone ne po poten ential tial Red ed coloured oured DH collars ars iden entify fy holes es with high grade e zinc inter ersecti sections ons (=>16 me metre e per erce cent) 12
Pl Plan n sh show owin ing g Nos ose e an and d 1386 86 Zon ones es dr drilling ling and nd po potenti ential al ex exten ensions sions base sed d on on re regi gional onal com ompilati pilation on of of se sedi dimentar mentary y fac acie ies s inf nformation ormation - a d a demonstration nstration of the im impor ortan ance ce of hav avin ing g old ld recor ords ds 13
Re Resou source rce Im Impl plications ications – dr dril illing ling to da o date ✓ PE Zone drilling suggest average grade of 8% zinc and open to NE ✓ NOSE Zone has strike length of 120 metres and open in each direction ✓ 1386 Zone has confirmed high grade and open in each direction ✓ Regional geology suggests NOSE and 1386 Zones may be part of same system – if so then potential for strike of >1km. 14
Ubique’s Ex Expl ploratio oration n Ad Adva vant ntages! ages! • Ubique’s drilling already extended former mine deposit at shallow depths. Will follow up with more drilling to block out resource. • Exploration database of more than 2,000 drill holes, some with “ore” grade intersections which will be subject to follow up drilling. • Exploration area easily accessible and close to operating base in Daniel’s Harbour. 15
Su Summary mmary • Drilling has confirmed a minimum of 3 zinc zones • All are high grade similar to historic mine grade • Like the historic ore the zinc mineralization will yield a very high grade, clean concentrate liked by smelters • Plans for more drilling to block out resources, to scout drill other known zone targets and refine geochemical targets to northeast along trend 16
Tha Thank nk yo you 17
Recommend
More recommend
