Maniitsoq Ni-Cu Sulphide Project, SW Greenland November 2014
CORPORATE OVERVIEW CAPITAL STRUCTURE (As at Nov. 2014) Issued & Outstanding: 169,964,679 Warrants: (0.21 - 1.00) 25,137,027 Options: 11,603,000 Fully Diluted: 206,704,706 52 Week High/Low 0.65/0.16 Current Price 0.21 Market Cap 35…
Why Own North American Nickel The Right Geology Maniitsoqs geology is exemplary for hosting a district scale nickel camp: Abundance of high-grade Ni-CuCoPGE sulphide occurrences throughout a 75 x15 km belt Sulphide mineralization has…
Why Own North American Nickel The Right Place Greenland is a secure, first world political jurisdiction supported by a pro-mining government Greenland, outside of infrastructure and labor supply, is ranked top 10 in the Fraser…
MANAGEMENT & TECHNICAL TEAM BOARD OF DIRECTORS Mark Fedikow, PhD, P. Geo. John Sabine, Non-executive Chairman President & Interim CEO Senior Counsel to Bennett Jones LLP with over 40 years of legal 39 years of industry and government…
Maniitsoq Project History and Corporate Financing May 2011 NAN listed May 2012 June 2013 May 2014 on TSXV; 3.4M private 7.05M private 9.38M private Raises 3.2M placement placement placement Aug 2011 Maniitsoq Expl. License…
High Grade Results at the Imiak Hill Complex (IHC) IMIAK HILL MQ-13-026: 18.62m 4.31% Ni, 0.62% Cu, 0.14% Co Incl. 4.01m 6.04% Ni, 0.64% Cu, 0.19% Co Incl.7.12m 5.18% Ni, 0.81% Cu, 0.17% Co MQ-13-028: 24.75 m 3.19% Ni, 1.14% Cu,…
MANIITSOQ PROJECT 9
PROJECT OVERVIEW District scale property covering 3,601 sq km in SW Greenland. 100% Owned. Property covers 75km x 15km Greenland Norite Belt (GNB) hosting numerous mineralized intrusions Three norite bodies (Imiak Hill, Mikissoq…
LOCATION Located on the southwest coast of Greenland, which is pack ice free year-round. Maniitsoqs mild climate allows for year round mining & shipping of concentrate. Nuuk has modern, well serviced container port and European…
PROPERTY Property consists of two exploration licenses totalling 3,601 km2 95 km N-S by up to 65 km E-W Camp located on coastal inlet Capital of Nuuk 45 minutes by helicopter and 3.5 to 4 hours by boat 12
GEOLOGY Nickeliferous Mafic-Ultramafic Intrusions Concentrated in a 75 x 15km curvilinear belt known as the Greenland Norite Belt Norites, leuco-norites, pyroxenites & peridotites with surface gossans Range in size from small dykes…
EXPLORATION HISTORY (GNB) 1959 1973: Kryolitselskabet resund (K) Systematic prospecting from the air, shallow-looking surface geophysics (< 50m) and shallow diamond drilling (average hole…
Helicopter-borne TDEM New Technology Borehole TDEM Surface Gravity The Past Prospecting, fixed wing airborne EM and shallow surface geophysical surveys Successful at locating outcropping mineralization but airborne EM surveys…
IMIAK HILL COMPLEX (IHC) 2012-2013 17 drill holes: 3,248m 16
IHC SULPHIDE MINERALIZATION Sulphides range from Consists of pyrrhotite (Po), pentlandite (Pn), disseminated to net-textured chalcopyrite (Cpy) and pyrite to semi-massive & massive Often coarse-grained, possibly recrystallized…
IMIAK HILL COMPLEX (IHC) 2014 17 drill holes: 5,048 m MQ-14-073: 5.60 m: Net-textured to semi-massive sulphides, assays pending MQ-14-058: 130.56 m 0.28% Ni, 0.08% Cu, 0.01% Co, 0.10g/t TPM Incl. 38.65 m 0.52% Ni, 0.16% Cu, 0.02%…
IMIAK HILL: ZONES 10 & 30 LONGITUDINAL SECTIONS 19
SPOTTY HILL: COMPOSITE LONGITUDINAL SECTION 20
2014 REGIONAL DRILLING HIGHLIGHTS 22 drill holes: 3,725m New intersections of mineralized norite at eight widespread regional locations Disseminated to semi-massive sulphides Pyrrhotite- Chalcopyrite-Pentlandite Nickel tenors up…
P-149 (Pingo) MQ-14-041 23.2m 0.36% Ni, 0.17% Cu Pn & 0.15 g/t TPM 0.50m 3.31 % Ni, 0.61% Cu 22
P-058 MQ-14-054 6.18% Ni, 0.56% Cu High grade massive sulphide veins (avg.) 5.58m 1.72% Ni & 0.26% Cu 5.6% Ni 5.23% Ni 23
P-013 MQ-14-068 3.4m 2.07% Ni & 0.34% Cu MQ-14-066 5.58m 2.07%Ni & 0.12% Cu 24
P-053 Borehole EM Survey Results MQ-14-071 150ms fluxgate survey Looking North 3 high conductance BHEM anomalies Correlated with 44,607S mineralized norite intersected in hole 10,206S 8,902S 194m MQ-14-071 0.24m 0.85%…
Deposit Model Similarities to major nickel deposits but unique Characteristics Maniitsoq Observations Age Archean: 3.0 Ga U-Pb zircon ages for five norite intrusions Tectonic Setting Deeply eroded, rifted cratonic TTG assemblage;…
SUMMARY District scale property with potential to host new nickel camp High grade Ni-Cu at IHC and new regional Ni-Cu discoveries Rapidly evolving exploration model and methodologies Large exploration program planned for 2015…
Appendix Economic Geology (Pgs. 28-30) 2014 Drilling Program (Pgs. 31-32) Historical Ni Occurrences (Pg. 33) 28
Norite Intrusions Distinct Appearance Rounded hills covered with brownish- grey, often rusty, rock and coarse gravel. Multi-phase: compositions range from quartz diorite through norite to pyroxenite to lherzolite. Locally…
Sulphide Mineralization Consists of monoclinic pyrrhotite, pentlandite, chalcopyrite and pyrite Often coarse-grained Nickel primarily in pentlandite and likely to produce a clean concentrate Inclusion-bearing sulphides (i.e.…
Nickel Deportment - QEMSCAN Pentlandite is the main nickel- bearing mineral and contains 95.5 to 96.3% of all the nickel in the samples. Total potentially floatable pentlandite ranges from 96.3 to Legend 97.6%. Pyrrhotite hosts…
2014 Drill Program 8,773m in 39 HOLES Imiak Hill Complex 5,048m in 17 holes Imiak Hill New Zone 30 intersection MQ-14-037: 11.03m 3.07% Ni & 0.53% Cu incl. 7.04% Ni & 0.25% Cu over 0.63m Expansion of Zone 10 MQ-14-072: 19.5m of…
2014 Drill Program Regional Targets 3,725m in 22 holes 14 widely spaced regional targets tested 19 of 22 holes intersected prospective noritic and gabbroic rocks New intersections of mineralized norite at eight locations: P-149,…