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MCS SERVICES LIMITED — Investor Presentation 2013
Jun 2, 2013
65377_rns_2013-06-02_25dfc097-63f5-4588-b4f3-16dc660be2be.pdf
Investor Presentation
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Acknowledgement & Disclosure
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This presentation may contain certain statements and projections provided by or on behalf of Red Gum Resources Ltd (RGX) with respect to the anticipated future undertakings. These forward-looking statements reflect various assumptions by or on behalf of RGX. Accordingly, these statements are subject to significant business, economic and competitive uncertainties and contingencies associated with exploration and/or mining which may be beyond the control of RGX which could cause actual results or trends to differ materially, including but not limited to price fluctuations, exploration results, ore reserve and mineral resource estimation, environmental risks, physical risks, legislative and regulatory changes, political risks, project delay or advancement, ability to meet additional funding requirements, factors relating to title to properties, native title and aboriginal heritage issues, dependence on key personnel, share price volatility, approvals and cost estimates. Consequently, there can be no assurance that such statements and projections will be realised. Neither RGX, or any of its affiliates, advisers, consultants, agents or any of their respective officers or employees ( Relevant Parties ) make any representations as to the accuracy or completeness of any such statement of projections or that any forecasts will be achieved.
Additionally, RGX makes no representation or warranty, express or implied, in relation to, and to the fullest extent permitted by law, no responsibility or liability (whether for negligence, under statute or otherwise) is or will be accepted by RGX as to or in relation to the accuracy or completeness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this Presentation or any omission from this Presentation or of any other written or oral information or opinions provided now or in the future to any Recipient or its advisers. In furnishing this presentation, RGX undertakes no obligation to provide any additional or updated information whether as a result of new information, future events or results or otherwise. Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities.
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Details of Current Drilling Campaign
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Red Gum currently drilling Majada Prospect, in Region IV Chile, in established IOCG Belt.
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1[st] Round of drilling comprising minimum 1500m of diamond core hole.
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Project area not previously drilled.
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Project comprises ~ 600 Ha covering Majada West and Majada East areas
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Drill Targets testing strong geophysical anomalies and/or field occurrences of gossans and proximal artisanal workings.
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Adjacent to substantial exploration ventures at Manuelito (25,000 m
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drilling) and San Lorenzo (12,000 m) drilling.
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Chile – Focused on a World Class Belt
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Cerro Verde Cuajone Quellaveco Toquepala Mocha Cerro Colorado Copaquire Quebrada Blanca Rosario El Abra SANTIAGO Chuquicamata Spence Sierra Gorda Centinela Gaby Polo Sur Zaldivar ANTOFAGASTA Chimborazo Escondida Lomas Bayas El Penon Guanaco El Salvador Manto Verde Potrerillos Los Azules La Coipa Candelaria Refugio Relincho La Fortuna • Pascua • El Indio LA SERENA • IOCG Deposits Andacollo Copper Deps. -others • Los Pelambres Gold Deposits El Espino
Leveraging Our Competitive Edge
- Focused on Region IV Segment Less Intensive Historical Exploration Great Opportunities Available Other Nearby Juniors Successful (e.g. Hot Chilli, Southern Hemisphere, Helix, Explorator, Pucobre)
Red Gum Interest
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Chile – High Value Growth
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Andocollo Porphyry (Teck) + CMD (Dayton) Red Gum 100%
400Mt @ 0.38% Cu + 3.4Moz Au
Red Gum Acquisition
Los Mantos IOCG (Hot Chili) Third Party Project
Vallecillos Polymetallic (Metminco)
8.1Mt @ 0.82g/t Au, 10 g/t Ag, 1.06% Zn, 0.33% Pb
Mollacas Porphyry (Metminco)
15.5Mt @ 0.51% Cu, 0.13g/t Au
Punitaqui IOCG (Glencore)
Prod. 39,000 tonnes Cu concs. in 2011
Joshua Porphyry (Helix)
Hado Porphyry (Helix)
San Lorenzo IOCG (Salfacorp)
Manuelito IOCG (Manuelito Minerals)
Llahuin Porphyry (Southern Hemisphere Mining)
106Mt @ 0.40% Cu equiv.
El Espino IOCG (Pucobre)
144Mt @ 0.55% Cu, 0.22 g/t Au 0 50
kms
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Chile – Majada IOCG Copper-Gold Project
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0 2 Majada Oeste km Cu-Au Project Majada Este Cu-Au Project Cu-Au 25,000m Drilling Resource Definition in Progress Copper-Gold Workings
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Details of Current Drilling Campaign
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Drilling targets represent lower scale greenfields exploration risk.
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Artsinanal near surface Copper oxides and sulphide showings indicate mineralised shear zones of ~ 5km length.
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Copper mineralisation historically associated with gold mineralisation.
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Targeting well defined resistivity and chargeability geophysical anomalies recently recorded by Red Gum.
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Regionally along strike from El Espino (Pucobre), Punitaqui (Glencore) and Andocollo (Teck).
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New Geophysical Coverage
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Majada West Geophysical Signature
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Geology Chargeability at 50m Resistivity at 50m
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Drilling underway at Majada
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Details of Current Drilling Campaign
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Typical geophysical anomalies targeted in drilling program illustrated in slides 13, 14, 16 & 17.
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Focus on intersecting strong chargeability anomalies, especially those adjacent to regional N-S and NW-SE trending shears.
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Drilling program focusing on ascertaining spatial distribution of mineralisation (along strike) and overall style.
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Majada West Proposed Drill Hole # 1
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Majada West Proposed Drill Hole # 1
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Pre-Drilling Interpretation
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Majada West Proposed Drill Hole # 2
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Pre-Drilling Interpretation
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Majada East Proposed Drill Hole # 5
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Majada East Proposed Drill Hole # 5
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Pre-Drilling Interpretation
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Majada East Proposed Drill Hole # 6
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Pre-Drilling Interpretation
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Details of Current Drilling Campaign
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Assay results of current drilling program due in later part of June 2013.
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Visual results to-date show penetrated sulphide and shallow oxide intervals.
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Initial results consistent with IOCG style of mineralisation.
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Initial results confirm our views on key regional mineralisation controls.
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RGX seeking to extend interest in the region through acquisition of advanced opportunities.
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Contact
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Red Gum Resources Limited (ASX : RGX) Suite 9 Lester Court 75a Angas Street Adelaide, SA, 5000
Dr Ray Shaw, Executive Chairman [email protected] Tel: 08 8223 1680
www.redgumresources.com
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