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GENESIS RESOURCES LIMITED — AGM Information 2016
Nov 10, 2016
64980_rns_2016-11-10_42d9421b-5a72-4324-8ccc-f27d68f7d6a0.pdf
AGM Information
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Presentation to Shareholders by James Patterson, Exploration Manager Annual General Meeting 11 November 2016
DISCLAIMER
The material in this presentation has been prepared by Genesis Resources Limited ACN 114 787 469 ( Genesis ) and is general background information about Genesis’s activities current at the date of this presentation. The information is given in summary form and does not purport to be complete. Information in this presentation, including forecast financial information should not be considered as advice or a recommendation to investors or potential investors and does not take into account investment objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice when deciding if an investment is appropriate. Persons needing advice should consult their stockbroker, solicitor, accountant or other independent financial advisor.
The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restrictions.
This presentation does not constitute, or form part of, an offer to sell or the solicitation of an offer to subscribe for or buy any securities, nor the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issue or transfer of the securities referred to in this presentation in any jurisdiction in contravention of applicable law.
Certain statements made in this presentation are forward-looking statements. These forward-looking statements are not historical facts but rather are based on Genesis’s current expectations, estimates and projections about the industry in which Genesis operates, and beliefs and assumptions. Words such as "anticipates”, "expects”, "intends,", "plans”, "believes”, "seeks”, "estimates”, and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond the control of Genesis, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward- looking statements. Genesis cautions investors and potential investors not to place undue reliance on these forward-looking statements, which reflect the view of Genesis only as of the date of this presentation. The forward-looking statements made in this presentation relate only to events as of the date on which the statements are made. Genesis will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation except as required by law or by any appropriate regulatory authority.
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ASX: GES
Corporate Update GES AGM Nov 11 2016 James Patterson Exploration Manager
Plavica Project Location within the Western Tethyan Belt which hosts numerous world class deposits including the newly discovered Cukaru Peki High Sulphidation Epithermal deposit in Serbia (Freeport).
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Shlegovo Township
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Potential Plant
Site?
Main Plavica Zone
Bitumen road
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Maricanski Rid
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Genesis Resources 2016 Highlights - Macedonia
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Follow up of initial high grade drilling at Maricanski Rid completed and mineralization extended to the east and west. Western-most hole returned 129.8m @ 1.20 g/t Au from 12m. Follow up drilling nearing completion.
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Extensional drilling at Plavica to the east returned favourable results (eg PNDD073: 36m @ 2.12 g/t Au from 11m, PNDD071: 46m @ 1.10 g/t Au from 17m.)
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Geochemical anomaly with up to 9 g/t Au in rock chip samples was drilled and returned positive results (37m @ 1.13 g/t Au). This area is 500m NE of the Plavica mineralisation and follow up drilling is currently underway.
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Resource modelling currently nearing completion using independent consultants, Ravensgate Pty Ltd from Perth, Australia. Expected to be released to the ASX before end of November.
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Golders Ltd (UK) have made initial site inspections at Plavica and Maricanski Rid and are expected to start work on Feasibility studies once the Resource is released to the market and an in-house Scoping Study is completed by Mintrex Pty Ltd of Perth, Australia.
2016. Drill intensive year.
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Gold. Gram-metres in Drilling. WIth 2016 results (to Nov)
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Main Plavica
Deposit
Maricanski Rid
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Maricanski Rid. Section 7490E.
N 7490E
S
1200m RL
MRDD019: 53m @
MRDD033:45m @ 0.63 4.07 g/t Au from 0m
g/t Au from 3m.
Vuggy Silica
Crystal – lithic tuff
Lapilli Tuff
1100m RL
MRRC009:32m @ 0.80
g/t Au from 0m.
MRRC001:76m @ 2.01
g/t Au from 0m.
Crystal – lithic tuff
1000m RL
Base of
Complete Oxidation
6400m N
6200m N
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Maricanski Rid. Section 7230E. Open to the West. (Currently drilling).
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Crystal – lithic tuff
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Crystal – lithic tuff
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N
S
Plavica. Section 7450E.
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1200m RL
F
Base of
Complete Oxidation
Planned Hole
Crystal – lithic tuff
PNRC105: 51m @ 1.98
g/T Au from 78m. Ore
Zone
Layered Ash tuff
Lapilli Tuff
1000m RL
F
7000m N
7100m N
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Copper. Percent-metres in Drilling. WIth 2016 results (to Nov)
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Main Plavica
Deposit
Maricanski Rid
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Plavica. Section 7950E. 1200m RL
N
S
F
F
Planned Hole
PNDD071: 13m
@ 0.97 g/t Au Base of
from 0m. & 46m Complete Oxidation
@ 1.10 g/t Au
from 17m.
PNDD043: 34m
Ore
@ 2.00 g/t Au,
Zone
0.29 % Cu, from
111m
Layered Ash tuff
PNDD046: : 12m @ 5.97 % Cu, 0.42 g/t Au,
390 g/t Ag from 100m & 14m @ 1.61 % Cu,
1.07 g/t Au, 140 g/t Ag from 124m & 17m
@ 1.37 % Cu, 0.50 g/t Au from 209m Crystal – lithic tuff
1000m RL
Lapilli Tuff
6700m N 6600m N
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Silver. Gram-Metres in Drilling. WIth 2016 results (to Nov)
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Main Plavica
Deposit
Maricanski Rid
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. Wireframing for JORC compliant resource in progress Plavica, looking West. Maricanski Rid drilling to the left (South)
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Golders Ltd. Initial site investigations Oct 2016.
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Genesis Resources 2016 - 2017 Planned Work
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Complete JORC 2012 Inferred Resource over Plavica and Maricanski Rid
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Complete Scoping Study
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Interpretation of recent drilling results over the new year.
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Infill drilling of Resources to convert to ‘Indicated’
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Initiate and complete Pre-Feasibility Study (PFS)
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Metallurgical Testwork
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Continue collection of base-line climatic and social / community data. ESIA.
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Thank You
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