TSXV:CZZ Corporate Presentation March 2019 - Cleghorn ...
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
TSXV:CZZ
Corporate Presentation
March 2019
DISCLAIMER
Non-Commercial Individual Reference Use Only
The entire contents of this presentation are protected by copyright and may be used and copied for non-commercial, individual reference only. Any other use of the contents of
this presentation is prohibited unless the user first obtains the Company’s written permission.
No Offer to Purchase Securities
The information in this presentation is intended for use only by persons resident in jurisdictions where such use is lawful. Nothing on this presentation constitutes, and
under no circumstances is to be construed as, an offer or solicitation to purchase securities of, or advertisement for, securities of the Company. The securities of the
Company have not been registered under the United States Securities Act of 1933, as amended or any state securities laws.
No Warranties
The information in this presentation is provided “as is” and without warranty of any kind. Although it is believed to be accurate as of this date, the Company disclaims all
liability for any failure to update it. This presentation could include inaccuracies, typographical errors, or out-of-date information, and changes to it may be made at any time
without prior notice. You are therefore advised to use this presentation at your own risk.
Forward Looking Statements
Certain statements contained in this presentation (including information incorporated by reference) are "forward looking statements". Our forward-looking statements include,
without limitation: The sensitivity of earnings, cash flows and financing to gold and other metal prices; Statements as to the projected exploration and development of certain
properties, including estimates of development and other capital costs and financing plans for these projects; Estimates of future production costs and other expenses;
Estimates of future capital expenditures and other cash needs, and expectations as to the funding thereof; Estimates of future costs and other liabilities for environmental
matters; Estimates of reserves, and statements regarding future exploration results and reserve replacement; Statements regarding future transactions relating to portfolio
management or rationalization efforts; and Estimates regarding timing of future capital expenditures and exploration, development, production or closure activities. This list is
not exhaustive of the factors that may affect our business, our value as a company, and our forward looking statements. Where we express an expectation or belief as to future
events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, our forward-looking statements are subject to risks,
uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by those forward-looking statements.
Such risks include, but are not limited to: the price of gold; currency fluctuations; geological and metallurgical assumptions; the results of exploration; operating performance
of equipment, processes and facilities; labor relations; timing of receipt of necessary governmental permits or approvals; domestic and foreign laws or regulations, particularly
relating to the environment and mining; domestic and international economic and political conditions; the ability of the Company to obtain or maintain necessary financing; and
other risks and hazards associated with mining exploration, development and operations. Given these uncertainties, readers are cautioned not to place undue reliance on our
forward-looking statements. All subsequent written and oral forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in
their entirety by these cautionary statements.
Use of Information
Any information communicated to the Company through this presentation becomes the Company’s exclusive property. the Company shall be entitled to use any such
information for any purpose without restriction or compensation to any person. Such information provided by the user shall be deemed to be non-confidential.
Technical Information
• Unless otherwise indicated, the technical information presented herein has been reviewed by the Company’s Chief Executive Officer, Glenn J. Mullan, P.Geo, a qualified person
in accordance with National instrument 43-101 – Standards for Disclosure for Mineral Projects.
TSXV:CZZ
SHARE STRUCTURE
Ticker Symbol (TSXV) CZZ
(Greys) CLGMF
Price (March 26, 2019) $0.08
Total Issued and Outstanding Shares 21,208,618
Warrants 6,181,674
Options 250,000
Insiders 7,773,928
Friends and Family 1,650,000
Approximate Public Float 11,784,690
CZZ Ownership
Insiders
37%
Friends and Family
55%
Approximate Public
8%
Float
TSXV:CZZ
OVERVIEW OF CLEGHORN MINERALS
• On August 18, 2016, completed the acquisition of the Meech Lake
– Matachewan Prospect, which served as Cleghorn’s QT
• 2018 exploration program completed at Meech Lake
• New mineralization was intersected in DDH ML-18-017 located
between the historical Waterhole Showing (Au-Ag-Zn) and the
Kell’s Showing (Ni-Cu-PGE)
• Proposed 2019 exploration program:
• mapping and surface sampling
• Reviewing new opportunities: Canada and International
TSXV:CZZ
MANAGEMENT
Management
Glenn J. Mullan, B. Sc., P. Geol. – President & CEO, Director
• President & CEO – Golden Valley Mines Ltd.
• Chair – Abitibi Royalties Inc.
Isabelle Gauthier - CFO
• Over 20 years of accounting experience
Additional Directors
Joseph Groia, LL.B.
• Principal of Groia & Company Professional Corporation
• Director – Golden Valley Mines Ltd.
Andrew T. Pepper, B. Comm.
• President of Link Plan Management
• Director – Abitibi Royalties, Val-d’Or Mining, International Prospect
Ventures
TSXV:CZZ
MEECH LAKE –
MATACHEWAN PROSPECT
• 100% interest in 41 cells covering an area of 833.6
ha
• Historical work dates to 1940’s for gold and base
metals
• Unique geological signature at Ni-Cu-PGE
occurrence targeted in current geophysical program
• Gold showings to be reviewed in context of recent
discoveries and production nearby in Matachewan
TSXV:CZZ
OVERVIEW OF MEECH LAKE –
MATACHEWAN PROSPECT
• 41 cells situated in Argyle, McNeil and Robertson
Townships, approximately 55 kilometres southeast of
Timmins, Ontario; South-central part of Abitibi Greenstone
Belt
• NI 43-101 compliant technical report
• Ni-Cu-PGE (1) and gold potential (2 occurrences) in three
historic mineral occurrences in three mutually exclusive
geological environments
• Mineral exploration history dating back to 1930s in local
area, and 1950’s on the property
• 2018 exploration program complete inclusive of 17 ddh’s,
geophysical surveys, mapping and surface sampling
TSXV:CZZ
MEECH LAKE – MATACHEWAN PROSPECT
2018 EXPLORATION PROGRAM RECAP
• Seventeen (17) drill-hole program, totaling 1,836 metres, completed;
• Campaign of excavating seven (7) selective historical pits and trenches
completed;
• 1.0% Ni, 1.97% Cu, 3.70 g/t Pd, 0.96 g/t Pt, 0.46 g/t Au & 7.49 g/t Ag
over 3.25 metres intersected in ML-18-011 at the Kell’s Showing;
• 2.45 g/t Au, 16.70 g/t Ag & 1.58% Zn over 0.55 metres intersected in
ML-18-003 and 1.52 g/t Ag & 0.99% Zn over 3.35 metres, including
2.06g/t Ag & 1.41% Zn over 2.30 metres, and 4.80g/t Ag & 2.04% Zn
over 0.85 metres intersected in ML-18-005 at the Waterhole
Showing;
• 1.62g/t Au, 7.87g/t Ag & 2.44% Zn over 2.15 metres, including 2.52
g/t Au, 5.60g/t Ag and 3.14% Zn over 1.15 metres intersected in ML-
18-017, and representing a new drill discovery on the property
TSXV:CZZ
ML-18-017 cross-section
OVERVIEW OF MEECH LAKE –
MATACHEWAN PROSPECT (cont’d)
Hugh Kell’s Argyle Camp - 1947 Hugh Kell in a Work Trench - 1956
Source: Holley, F. Just Passing Through: The People and Places North of Matachewan, 4th edn.,
White Mountain Publications, Cobalt, Ontario.
TSXV:CZZOVERVIEW OF MEECH LAKE –
MATACHEWAN PROSPECT
TSXV:CZZCLEGHORN MINERALS RECAP
• 2018 exploration program completed at Meech Lake Prospect
• New mineralization was intersected in DDH ML-18-017 located
between the historical Waterhole Showing (Au-Ag-Zn) and the
Kell’s Showing (Ni-Cu-PGE)
• Proposed 2019 exploration program:
• mapping and surface sampling
• Reviewing new opportunities: Canada and International
TSXV:CZZAPPENDIX
SPRAGUE CLEGHORN
Henry William Sprague "Peg" Cleghorn (March 11,
1890 – July 12, 1956) was a Canadian professional ice
hockey player from Westmount, Quebec who played 17
professional seasons between 1911 and 1929 for
the Renfrew Creamery Kings and Montreal Wanderers in
the National Hockey Association (NHA) and the Ottawa
Senators, Montreal Canadiens and Boston Bruins in
the National Hockey League (NHL). He was a member of
three Stanley Cup championship teams, winning with the
Senators in 1920 and 1921 as well as with the Canadiens
in 1924.
A tough and physical defenceman, Cleghorn had a reputation for violent play; he
was subject to efforts to have him banned from the NHL. His reputation made him
an effective defender, and he used his offensive skill to become one of hockey's
first offensive defencemen. At the time of his retirement, Cleghorn's 169 career
goals were second most in professional hockey history by a defenceman. He was
inducted into the Hockey Hall of Fame in 1958.
Source: https://en.wikipedia.org/wiki/Sprague_Cleghorn
TSXV:CZZYou can also read
