Barkerville Gold Mines
Investor presentation q4 2015
Mines are
found in the
shadows of
headframes
Forward
Looking
statement
This presentation and the material contained herein are confidential and are for information purposes only and may not be reproduced or distributed to any other person or published, in whole or in part, for any purpose whatsoever. This presentation and the material contained herein do not constitute a general advertisement or general solicitation or an offer to sell or a solicitation to buy any securities in any jurisdiction. Such an offer can only be made by prospectus or other authorized offering document. This presentation and materials or fact of their distribution or communication shall not form the basis of, or be relied on in connection with, any contract, commitment or investment decision whatsoever in relation thereto. Barkerville Gold Mines Ltd.’s (the “Company”) securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to or for the account or benefit of U.S. Persons absent U.S. Registration or an applicable exemption from U.S. registration requirements. Any public offering in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements. The information in this presentation is not intended in any way to qualify, modify or supplement any prospectus or other information disclosed under the corporate and securities legislation of any jurisdiction relating to the Company. No securities commission or similar authority in Canada has in any was passed upon the adequacy or accuracy of the information contained in this presentation.
Some of the statements contained in the following material are “forward-looking statements”. All statements in this presentation, other than statements of historical facts, that address estimated mineral resource and reserve quantities, grades and contained metal, and possible future mining, exploration and development activities, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements should not be in any way construed as guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statement or information. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices for metals, the conclusions of detailed feasibility and technical analyses, lower than expected grades and quantities of resources, mining rates and recovery rates and the lack of availability of necessary capital, which may not be available to the Company on terms acceptable to it or at all. All phases of the Company’s operations are subject to environmental regulation and government approval and permits and there can be no assurance that the Company will obtain all the requisite permits for future development. The Company is subject to the specific risks inherent in the mining business as well as general economic and business conditions. The Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required under applicable securities legislation. For more information on the Company, readers should refer to www.sedar.com for the Company’s filings with the Canadian securities regulatory authorities.
BGM is focused on
finding and mining
high-grade gold
deposits
across the
breadth of
British Columbia’s
Cariboo
Mining District,
one of
the most celebrated
and prospective gold
districts in Canada.
STRONG
leadership
FOCUSED
PLAN
CLEAR
DIRECTION
4
Property map
British Columbia’s
Cariboo Mining District
one of the last great
undeveloped gold camps in
Canada.
high grade GOLD mine at bonanza Ledge
2.8 M Oz indicated and 2.0 M oz Inferred
43-101 at Cow Mountain
6 Past producing Mines
REGIONAL LONG SECTION
STRONG Leadership
management and board
Billions
in value
created
6
Thomas
obradovich
president & ceo
Anthony
makuch
director
Greg
gibson
chairman
Paul
geddes
VP Exploration
• 30+ years mining exploration, development
• President and CEO of Young Davidson Mines
• Co-Founder and Lead Director of Aurelian Resources,
acquired by Kinross Gold Mines for $1.2 billion (2008)
• Lead Director, Daldarian Resources
• 30+ years in the mining industry in Canada
• Mine manager of Dynatec. President and CEO of Trelawney Mining and
Exploration when acquired by IAMGOLD for $608 million (2012)
• Noranda Mining and Exploration Ltd., Teck Exploration Ltd.
• 1000% increase in global gold resources for Rainy River prior to
the company’s takeover by New Gold in October 2013
• Professional engineer (Ontario)
• President and CEO of Lake Shore Gold Corp
• Senior VP and COO of FNX Mining Company Inc.
CHRIS
LODDER
director
• 25+ years of Greenfield and Brownfield exploration
• Former Exploration Manager for the Americas for AngloGold Ashanti
• Discovered La Colosa project, with a resource of 28M oz. Au
STRONG Leadership
management and board
Billions
in value
created
7
Anthony
makuch
director
GREG
gibson
co-chairman
Paul
geddes
VP, Exploration
Thomas
obradovich
president & ceo
• 30+ years mining exploration, development • President and CEO of Young Davidson Mines • Co-Founder and Lead Director of Aurelian Resources,
acquired by Kinross Gold Mines for $1.2 billion (2008) • Lead Director, Daldarian Resources
• 30+ years in the mining industry in Canada • Mine manager of Dynatec. President and CEO of
Trelawney Mining and Exploration when acquired by IAMGOLD for $608 million (2012)
• Noranda Mining and Exploration Ltd., Teck Exploration Ltd.
• 1000% increase in global gold resources for Rainy River prior to the company’s takeover by New Gold in October 2013
• Professional engineer (Ontario)
• President and CEO of Lake Shore Gold Corp • Senior VP and COO of FNX Mining Company Inc.
CHRIS
LODDER
DIRECTOR
• 25+ years of Greenfield and Brownfield exploration Former Exploration Manager for the Americas for AngloGold Ashanti
• Discovered La Colosa project, with a resource of 28M oz. Au
SEAN
ROUSSON
co-chairman
• Chairman and CEO Osisko Gold Royalties Inc.
• Led the transition of Old Osisko from a junior exploration company to a leading intermediate gold producer.
• Instrumental in $1 billion financing and development of Malarctic Mine. • Graduate of Haileybury school of mines and co-winner of 2007
Milestones
achieved
>
ELIMINATED
$28M + in debt and payables
>
Strong free cash generated from gold sales
>
Raised
$20.6M+ in capital
from flow-through financings
>
ANNOUNCED
$25M
non-dilutive funding for
1.5% NSR
>
HIRED new technical and management team
>
Commenced
fully-funded 50,000M
drill program
>
Identified new mineralized zones
>
Mined and milled
28,936 tonnes
with a head grade of
12.55
g/tonne
and recoveries of
95.6%
>
NEW HIGH GRADE gold HORIZON DISCOVERED
500m
east
of Bonanza ledge
8
2016
Priorities
1 commence small-scale production
at bonanza ledge and bc vein
2 Upgrade, define, and expand
cow mountain
resource
and
initiate feasibility study
3 Develop
regional targets
BONANZA LEDGE
COmmence small-scale production at bonanza ledge and BC
vein
Phase I pit
CONCEPTU
AL
DEVELOPM
ENT
BC
VEIN
Potential
Remaining au
mineralization
SURFA
CE
section
(LOOKING
NORTHWEST)
Barkerville mountain
BONANZA LEDGE
SCOPING STUDY
11DRILL PLAN
3D IMAGES
2015 drill program
Highlight 1
Highlight 2
Highlight 3
13
15
17
19
Upgrade, define, and expand cow
mountain resource and initiate feasibility
study
CURRENT
Cow mountain
resource
Category
Tonnage (Mt)
Grade (g/t)
Contained Gold (Moz)
Indicated
35.8
2.4
2.8
inferred
27.5
2.3
2.0
212012
2015
Contained
Gold (Moz)
inferred indicated1.04
3.94
2.00
2.80
Indicated category
Inferred category
Au Cut-off
grade (g/t)
Tonnage
(Mt)
Au Grade
(g/t)
Contained
au (Moz)
Tonnage
(Mt)
Au Grade
(g/t)
Contained
au (Moz)
0.2
65.95
1.45
3.1
54.10
1.33
2.3
0.4
42.31
2.10
2.9
32.85
2.00
2.1
0.5
35.81
2.40
2.8
27.54
2.30
2.0
0.7
27.30
2.96
2.6
20.99
2.83
1.9
1.0
20.13
3.72
2.4
15.47
3.55
1.8
1.5
13.77
4.87
2.2
10.56
4.63
1.6
2.0
10.22
5.97
2.0
7.89
5.61
1.4
2.5
8.05
6.97
1.8
6.19
6.54
1.3
3.0
6.51
7.98
1.7
5.02
7.43
1.2
3.5
5.44
8.91
1.6
4.05
8.43
1.1
4.0
4.63
9.81
1.5
3.32
9.46
1.0
4.5
4.00
10.69
1.4
2.80
10.43
0.9
5.0
3.51
11.53
1.3
2.42
11.33
0.9
Cow
Mountain
Grade
tonnage
sensitivities
The reader is cautioned that the data presented in this table should not be misconstrued as a mineral resource statement. The figures are only shown to illustrate the sensitivities of the block model quantities and grade estimates to the selection of cut-off grade.
23
Develop regional targets
GOVERNMENT
DATA:
PLACER AND
MINERAL
OCCURRENCE
S
25PLACEHOLDER SLIDE FOR
2016 drilling targets – paul g
WHY
INVEST?
Underexplored
high-grade
gold camp in canada
Debt-free
with
strong
shareholder base
Multi-million ounce resource
with
huge exploration Potential
50,000 metre drill program
underway
STRONG
leadership with
TRACK RECORD of
success
Well-financed
with strong balance sheet
z
Current
share structure
Basic Shares
Outstanding
227,442,168
Warrants
9,360,000
options
6,096,659
Fully diluted
242,898,827
52 week range
$0.105
-$0.470
Market capitalization
~$53M
As at November 16, 2015CONTACT
Thomas (Tom) Obradovich
MOBILE: +1 416 985 7140
EMAIL: tobradovich@barkervillegold.com
WEB: www.barkervillegold.com
29
Cariboo gold project
Long
section
32
33
Drilling
Plan Map – 2015 Drill
program
Drilling Highlights
(BC VEIN and
TC AREA)
20.58 g/t (0.60 oz/t) Au over 3.90 metres,
including
•
59.36 g/t (1.73 oz/t) Au over 0.90 metres
18.04 g/t (0.53 oz/t) Au over 3.35 metres,
including
•
37.78 g/t (1.10 oz/t) Au over 1.55 metres
14.69 g/t (0.43 oz/t) Au over 6.00 metres,
including
•
103.97 g/t (3.03 oz/t) Au over 0.65 metres
10.32 g/t (0.30 oz/t) Au over 9.60 metres,
including
•
57.96 g/t (1.69 oz/t) Au over 0.90 metres
10.90 g/t (0.24 oz/t) Au over 8.13 metres,
34
Drilling
Plan Map with New High Grade Gold Horizon
Discovery
Drilling Highlights
(KL Horizon)
8.38 g/t Au over 1.77 metres, including
•
11.95 g/t Au over 0.79 metres
•
13.47 G/T AU OVER 0.52 Metres
4.83 g/t Au over 4.8 metres, including
•
15.04 g/t Au over 0.8 metres
6.39 g/t Au over 7.3 metres, including
•
15.63 G/T Au over 1.05 metres
13.95 g/t Au over 1.9 metres, including
•
15.34 g/t Au over 1.6 metres
HolE
Width (M)
Grade
(g/t)
GRADE
(oz/t)
BC99-18
10.82
15.60
0.45
BC99-18
6.10
6.67
0.19
BC99-06
15.09
10.81
0.32
BC99-08
7.32
10.01
0.29
Bc02-03
14.94
24.15
0.70
BC01-20
4.69
12.87
0.38
BC01-21
2.08
8.26
0.24
One metre equal length composites.
Assays less than 0.5 g/t Au not shown for clarity. Grid squares 20 metres.
BC VEIN
>
DRILLING PERMIT APPROVALS
PENDING Q4 2015
>
DATABASE CLEANUP FINALIZED
>
CATEGORY CONVERSION DRILLING
PLANNED H1 2016
>
INFERRED TO INDICATED
CONVERSION
>
PREPATORY WORK FOR
FEASIBILITY
>
POSSIBLE CATALYST FOR
SHARE PRICE APPRECIATION
COW MOUNTAIN
STATUS
The case
for
missing
ore
Mine/Area
Quartz Ore
Pyrite Ore
Total Ore Recovered
Total Recovered
Mining
Period
Tons
oz/To
n
Tons
oz/To
n
Tons Grade oz/Ton
Au oz
Ag oz
Cariboo Gold Quartz Mine
1933-1959
1,626,699 0.39
55,252 0.60
1,681,951
0.37
626,755
56,092
Island Mountain and Aurum
Mines
1934-1967
761,646 0.35
483,649
0.67
1,245,295
0.46
569,528
81,658
Mosquito Creek Gold Mine
1980-1983
7,969 0.14
78,279 0.45
86,248
0.32
27,384
7,747
Mosquito Creek Gold Mine
1984-1987
-
-
16,900 0.44
16,900
0.41
6,897
2,134
Totals (Tonnage weighted
grade)
2,396,314
0.38 634,080 0.63
3,030,394
0.41 1,230,564 147,631
Mosquito Creek Gold Mine
Island Mountain Mine
Cariboo Gold Quartz Mine
Quartz Ore Pyrite Ore
Mosquito Creek Gold Mine
Island Mountain Mine
Cariboo Gold Quartz Mine
Quartz Ore Pyrite Ore