PERU COPPER PORPHYRY PORTFOLIO - Pembrook MiningPEDIMENT . All holes except PPDH -2 drilled...

Preview:

Citation preview

PERU COPPER PORPHYRY PORTFOLIO

AGM - May 27, 2014

Forward Looking Statements

• Certain statements included in this presentation constitute forward-looking statements, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to Pembrook Mining Corp. (the “Company”) or its management.

• The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This presentation contains forward-looking statements, and are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.

• Any forward-looking statements represent the Company’s estimates only as of the date of this presentation and should not be relied upon as representing the Company’s estimates as of any subsequent date. The material factors and assumptions that were applied in making the forward-looking statements in this presentation include:

• (a) execution of the Company’s existing plans or exploration programs for each of its properties, either of which may change due to changes in the views of the Company, or if new information arises which makes it prudent to change such plans or programs;

• and

• (b) the accuracy of current interpretation of drill and other exploration results, since new information or new interpretation of existing information may result in changes in the Company’s expectations. Readers should not place undue reliance on the Company’s forward-looking statements, as the Company’s actual results, performance or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties or other factors affect the Company’s business, or if the Company’s estimates or assumptions prove inaccurate. Therefore, the Company cannot provide any assurance that such forward-looking statements will materialize. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

• The Qualified Person (QP) for Peru is Bruce Harvey.

2

Management & Directors

3

MANAGEMENT

Brian Booth President & Chief Executive Officer April Hashimoto Chief Financial Officer Bruce Harvey Executive VP & President, South America Angela Betteridge Corporate Secretary, Director of Corporate Communications Buks Lubbe Chief Geophysicist, South America

BOARD OF DIRECTORS

Alan Moon Chair of the Board John Black Brian Booth Daniel Innes Stephen Kurtz

Anthony Makuch

Kevin McArthur

Richard Petersen Wang Dongbo

Share Structure

Common shares 136,784,987 Stock options 10,071,250 Fully diluted* 146,856,237

Cash position* Cdn $18 million

Last private placement June 2013 3,222,098 shares for cash proceeds of $8 million *At March 31, 2014

$2.50 / share

4

2014 Exploration Projects in Peru

Pecoy • 80% (Earning) – (Trafigura 20%) • Recognition of leached cap • Cu Oxides, supergene enriched and good grade

primary sulphides Tororume • 100% Pembrook • Discovery of 2 new porphyry systems • 8 km north of Pecoy • Pecoy • 80% (Earning) • Recognition of leached cap • Cu Oxides, supergene enriched and good grade

primary sulphides Acero • 100% (Earning) • Previous drilling (2000)

135 m @ 0.24% cu Huiniccasa • 100% (Pembrook) • Phase 2 drilling to resume to expand on large skarn

system and test porphyry targets

5

Pecoy Project – Regional Setting – Coastal Porphyry Belt

• The southern Peru Coastal Porphyry Copper Belt hosts several large porphyry copper deposits:

• Zafranal 557Mt @ 0.36% Cu Measured & Indicated

• Quellaveco 916Mt at 0.65% Cu Proven & Probable

• Cerro Verde 3,571Mt at 0.40% Cu Proven & Probable

6

Tororume Main Porphyry

La Yesera

Pecoy Porphyry

Pecoy – Tororume District

• Tororume 9,330 hectares • Pecoy 2,000 hectares • La Yesera 5,000 hectares • New porphyry Cu-Mo

district in the Coastal Porphyry Belt

• Multiple copper systems • Near coast (<100km) • Road, water and power in

close proximity

7

10 km

Tororume East Porphyry

Pembrook Property

Chalcocite + copper oxides

Pecoy Porphyry looking west 1,800m elevation

Pecoy – Copper Porphyry System

• Large system – Potential for >0.5BT • Encouraging preliminary drill results in

contact between phyllic/potassic zone – Hole Pec-2 - 389 metres @ 0.37% Cu

8

1. 0 x 1.5 km

Zafranal 557 Mt @ 0.36% Cu

Quelloveco 0.92 Bt @ 0.65% Cu Tia Maria

638 Mt @ 0.39% Cu Toquepala

3.40 Bt 0.47% Cu

Cuajone 2.63 Bt @ 0.47% Cu

Los Calatos 638 Mt @ 0.39% Cu

TORORUME PECOY

Arequipa

Moquegua

Ilo Port

Matarani Port

Ocona

Chuquibamba

Camana

Chala

Juliaca

Pan American Highway

50 kms

Pecoy – Major Copper Province, Multiple World-Class Deposits

9

Cerro Verde 3.57 Bt @ 0.40% Cu

Transmission Lines

Pecoy Camp

Arirahua Gold Mine

← Rio Ocona 6 kms

Pecoy Porphyry Copper – Claims Access

10

2 kms

[

Pecoy Porphyry

Pecoy District – Mineralized Centres

11

Cu % Rock Channel Samples

PDDH-6

PDDH-1

PDDH-2 PDDH-9

PDDH-3

PDDH-5

PDDH-4

PDDH-7 PDDH-11

PDDH-10

PDDH-8

Cover

Breccia

Feldspar Porphyry

Monzogranite Porphyry

Granodiorite

Gneiss

Pembrook Claim Outline

Pecoy Porphyry Copper System – Geology

12

Pembrook Claims

PEDIMENT

All holes except PPDH-2 drilled Quartz-Sericite shell Quartz-Sericite marginal shell to south, weak Propylitic to north

PPDH-10 141 m @ 0.282%

PPDH-7 335 m @ 0.208%

PPDH-4 328 m @ 0.206% PPDH-6

203 m @ 0.281%

PPDH-11 154 m @ 0.182%

PPDH-3 92 m @ 0.160%

PPDH-8 86 m @ 0.177%

PPDH-9 231 m @ 0.211%

PPDH-1 41 m @ 0.211%

Propylitic

Clay

Silica

Quartz-Sericite

Potassic

Potassic Alteration as windows through Quartz-Sericite

Pecoy – Alteration Previous Drilling

13

250 m

PPDH-2 389 m @ 0.37%

PEC 12 PEC 13

PEC 14 PEC 15

Pecoy – Hole PEC - 2

14

Pecoy – Hole PEC -2

• Primary Sulphide Zone – At 325m downhole

0.58% Cu

15

• Chalcocite Zone – (1.0% Cu)

• Copper Oxide Zone – At 104.8m downhole

(0.88% Cu)

Drill hole traces colored with percentage copper values with

red > 0.5% Cu

Looking north -west

Enrichment Zone

Leached Cap

Oxides CuOx ± CC Traces

H-02 H-09

Interpretation from Core Logging

The chargeability model suggests the potential for more secondary enrichment to the north Hypogene

Pecoy – Ground IP Survey

16

H-09 H-02

Chalcocite zone Strong chargeability

300 m

Copper Oxide zone

2D chargeability section through Pecoy drill holes H-02 and H-09

PEC -13

2 1

14 Holes Testing Potassic Core Target

500 x 1,000 m Potential +500Mt

PEC-12 PEC-13

Pecoy – Porphyry Copper Potassic “Core Zone” Target

Secondary Target

Primary Potassic Target

Indico Hole OCA 12DH010 300m @ 0.70% Cu eq. (Cu & Au)

500m

H-02

17

2014 Phase I Drilling

2014 – 2015 Phase II Drilling

Porphyry

Potassic Zone Target

Cover

PEC-14 3

PEC-13 99.5m

PEC-13 153.1m

PEC-13 29.5m

PEC-13 166.6m

PEC-13 154.5m

Pecoy – PEC-13 (200 M East, 100 M Higher) Leached, Supergene Comments

• Supergene Zone well developed • Stronger fracture density • Increased Gypsum • Strong Silica/Quartz • Present at Higher Elevation and Less Deep in Hole • Stronger Cu Oxide – Azurite • More consistent Chalcocite • Chalcocite Smears/veinlets

18

PEC-13 429.5 m PEC-13 678.8 m

PEC-13 536.5 m PEC-13 99.5 m

Pecoy – PEC-13, Primary/Hypogene Comments

Potassic Zone Top same elevation as PDDC-2 Potassic • +300m of Potassic in PEC-13 Potassic Zone with Strong Secondary Biotite • Similar Anhydrite • Similar Quartz-Molybdenite Veinlets Stronger Chalcopyrite • Veinlets, Disseminations, Replacements

19

2,200

2,000

1,800

1,600

1,400

Secondary Target Breccia Pipe

Potassic Alteration Mineralized

2nd Mineral Event

Porphyry Core Potassic Alteration Main Mineral Event

Ore/Target Propylitic Alteration Chlorite, Epidote

Outboard Barren

Supergene Blanket Oxide

Supergene Sulfides

Supergene Blanket

South North

Pecoy – Alteration Model – Mineralization

20

Cu (+ Au)

Cu (+ Mo, Au)

Leaching

Breccia

TORORUME (Cu-Mo)

PECOY Cu-Mo

New Tororume Porphyries – Location

21

8 kms

Arirahua Mine (Au)

GEOLOGY Granodiorite Diorite Quartz Diorite Gneiss Complex Volcanic Rocks

Fault

Target Area

Porphyries

[

Tororume – Main and East Targets - Alteration

22

2 km

[ Main Target

ALTERATION Argillic Alteration

Propylitic

Chloritization

Chlorite – Quartz - Sericite

Pyritization

Silicification

Phyllic Alteration

Potassic

East Target

500 m

Camp

Pyrite Halo

Pyrite Halo

Pyrite Halo

Open

?

Tororume Main - Potassic Zone Geochemistry Cu (%)

23

Secondary Biotite, Kspar 500 m by 300 m Open east and south 49 channel samples assayed up to 3.73% Cu

Potassic Zone

Phyllic Zone

Propilitic Zone

Pyrite Halo

Volcanics

Cover

ALTERATION

?

Looking East

> 1.00

0.50 – 1.00

0.20 -0.50

0.10 - 0.20

0.03 – 0.10

<0.03

CU (%) Rock Chip Channel Samples

Cu % Mo %

3.729 0.009

2.437 0.110

0.755 0.006

0.583 0.004

0.550 0.005

0.535 0.003

0.531 0.026

0.529 0.004

0.505 0.004

0.477 0.011

0.474 0.004

0.457 0.003

0.405 0.032

0.403 0.004

0.370 0.004

0.366 0.004

0.362 0.046

0.343 0.002

0.340 0.009

Cu % Mo %

0.340 0.006

0.311 0.003

0.307 0.243

0.306 0.011

0.295 0.009

0.289 0.003

0.286 0.005

0.279 0.004

0.278 0.010

0.272 0.009

0.269 0.002

0.261 0.003

0.237 0.001

0.232 0.003

0.230 0.005

0.180 0.003

0.154 0.013

0.153 0.002

0.152 0.003

Potassic Zone 0.531% Cu; 0.026% Mo

Potassic Zone

Tororume Main - Potassic Zone - Geochemistry Cu, Mo

24

Rock Chip Channel Samples

Breccia with Secondary Copper

Tororume Main – Phyllic Zone Alteration Cu Discovered Jan 2013

25

Phyllic Zone

Potassic Zone

ALTERATION Argillic Alteration

Propylitic

Chloritization

Chlorite – Quartz - Sericite

Pyritization

Silicification

Phyllic Alteration

Potassic

> 1.00

0.50 – 1.00

0.20 -0.50

0.10 - 0.20

0.03 – 0.10

<0.03

CU (%) Rock Chip Channel Samples

15.6% Cu Phyllic Zone 0.2% Cu

Tororume Main – Phyllic Zone

• Phyllic Zone • Strongly Leached • Similar to Pecoy • Clay after Sericite • Strong Cu Oxide Mineralization

26

Chalcocite Blanket

6 km

New East Zone 4 km east of Potassic Zone Strong alteration Elevated Cu Geochemistry

CU (%) > 1.00

0.50 – 1.00

0.20 -0.50

0.10 - 0.20

0.03 – 0.10

<0.03

Tororume – Second Large System to East

27

2 kms

ALTERATION Manganese

Chlorite - Pyrite ± Epidote ± Calcite

Pyrite Quartz-Sericite-Pyrite

Potassic (secondary biotite ± ksp)

East Zone

Main Target

Enlarged on next page

Tororume East Zone – Geochemistry Cu Discovered Aug 2013

28

500 m

East Zone

ALTERATION Argillic Alteration

Propylitic

Chloritization

Chlorite – Quartz - Sericite

Pyritization

Silicification

Phyllic Alteration

Potassic

GEOLOGY Young Volcanics

> 1.00

0.50 – 1.00

0.20 -0.50

0.10 - 0.20

0.03 – 0.10

<0.03

CU (%) Rock Chip Channel Samples

1000 m

Chargeability depth slice at 130 m below surface

Tororume – Ground IP Survey - Chargeability

29

Main Potassic Target

Main Phyillic Target

East Potassic target

-3,000

-2,500

-2,000

-1,500

Pyrite Halo Margin to System

Porphyry Ore Body

Phyllic Zone Strong Leaching

Moderate Cu + Mo

Potassic Zone Strong Cu + Mo

Fresh

Fresh

Fresh

ALTERATION Propylitic Quartz-Sericite-Pyrite

Potassic

Tororume – East Zone - Covered Porphyry Model

30

Las Bambas – Xstrata 1.7Bt @ 0.60% Cu

La Haquira – 1st Quantum 690Mt @ 0.59% Cu

Dolores – Zincore

Antapaccay – Xstrata 1Bt @ 0.49% Cu

Tintaya – Xstrata 720Mt @ 0.56% Cu

Quechua 680t @ 0.38% Cu

ACERO Constancia – Hud Bay 450Mt @ 0.36% Cu

20km

Acero – Porphyry Project Close to Multiple Major Deposits

31

Main Bambas Porphyry Trend

Pembrook Projects

Acero – Overview

Southern Peru (2000) • Altered feldspar porphyry • Potassic alteration • Copper oxides and chalcocite • Two target zones:

(200 m by 700 m and 800 by 1,200 m)

• Drilled 16 diamond holes 3,800 metres

Golden Alliance (2009) • Limited Surface Sampling • 1.15% Cu over 30 m • 0.74% Cu over 50 m • 0.56% Cu over 50 m • No additional work Pembrook • Acquired in late 2012 • Community effort in progress

32

Main Target

Secondary Target

0.64 0.70

0.48 0.56

0.74 0.42

0.46 7.29 1.15

0.48

0.55 0.47

0.55

1 km

Cu (%) ≥ 1.00 0.35 to 1.00

0.05 to 0.10 < 0.05

0.10 to 0.20 0.20 to 0.35

Acero – Porphyry – Copper Rock Geochemistry

• Good Surface Geochemistry – Cu, Au, Mo

• Multiple Porphyry Events

33

ROCK UNIT

Alluvium, Colluvium

Diorite Porphyry

Microdiorite

Diorite Porphyry

Quartz Diorite Porphyry

Monzonite to Diorite Porphyry

Granodiorite Diorite

TUN-16 12m @ 0.12% 12m @ 0.16%

TUN-10 TUN-15

TUN-1 21m @ 0.15% No data below 210m

TUN-2 45m @ 0.23% with 9m @ 0.51% No data below 45m

TUN-4 TUN-14

TUN-13 36m @ 0.17%

TUN-5

TUN-3 99m @ 0.22% with 27m @ 0.33% No data below 111m

TUN-6

TUN-8 TUN-12 294m @ 0.20% With 135m @ 0.24%

TUN-11 18m @ 0.12%

TUN-7

TUN-9

1 km

Acero – Porphyry Copper – Previous Drilling

34

ROCK UNIT

Alluvium, Colluvium

Diorite Porphyry

Microdiorite

Diorite Porphyry

Quartz Diorite Porphyry

Monzonite to Diorite Porphyry

Granodiorite Diorite

Drill hole No assays or partial assays

Drill hole With assays

Acero – Porphyry Copper

• Close proximity to several copper mines

• Large porphyry system • High-grade surface Cu assays • Ability for rapid advance to resource • Drill Log description suggests high-

grade potential – Strong Potassic Alteration – Bornite – Chalcopyrite – Molybdenite

35

TUN-5 Drill Log, no assays available

Cajamarca Trujillo

Lima

Arequipa

Tacna

Cuzco

Huiniccasa - Location

• 400 kms southeast of Lima • 50 kms east of Ayacucho

– (5 hours driving)

• Elevation: 2,700 to 3,800 masl • Department: Ayacucho • Province: La Mar • District: Anco • Community: Anco • Annex: Auquirihuay

36

Huiniccasa – Regional Setting

37

Huiniccasa – Good Infrastructure - Gas Pipeline, Road Network

38

Large Skarn

Intrusion System

Huiniccasa – Skarn

• Large Skarn system • Abundant polymetallic mineralization • Strong surface geochemistry • Potential high-grade Skarn porphyry

39

Manto II Ag 49.8g/t Cu 4.57%

HUI-7: 44.7m 1.04% Cu, 29.7g/t Ag

15.0% Zn

Huiniccasa – Mineralized Skarn

40

HUI-1, 44.9 m, Marble 2.2 g/t Ag; 0.15% Cu; 2.0% Zn

HUI-3, 64.7m Magnetite Skarn 8.6g/t Ag; 0.90% Cu; 46.8% Fe

Huiniccasa – Graded Intervals

Hole Fe Zn Ag Cu Mo HUI-1 13 m @ 6.12% HUI-3 11 m @ 0.43% HUI-5 28 m @ 45.9% HUI-6 6 m @ 4.54% 13 m @ 13.1 g/t 18 m @ 0.44% 37 m @ 0.07% HUI-7 46 m @ 3.13% HUI-10 21 m @ 47.5% 13 m @ 11.7 g/t 13 m @ 0.53% HUI-11 23 m @ 52.2% 42 m @ 11.3 g/t 47 m @ 0.15% HUI-11 36 m @ 48.5% HUI-12 6 m @ 3.65% HUI-14 34 m @ 52.5% 29 m @ 0.17%

41

Mo Moly untested

6m @0.018%

4m @0.012%

Mo price varies $10-15/t, thus 0.020% Mo = 0.10% Cu = $7/t 0.050% Mo = 0.24% Cu = $18/t 0.100 % Mo = 0.50% Cu = $35/t 0.300% Mo = 1.50% Cu = $105/t

12m @ 0.035% 11m @ 0.083% 12m @ 0.045

6m @0.048% 8m @0.056%

61m @ 0.023%

55m @ 0.012% 11m @ 0.037%

34m @0.012%

56m @ 0.024%

57m @ 0.024% w/4m @ 0.130%

52m @0.120%

319m @ 0.039% w/29m @ 0.169%

130m @ 0.021% w/5m @ 0.117%

88m @ 0.031% w/15m @ 0.143%

Mo increasing to southeast

HUI-11 298.1m, 0.04% Cu; 45.6%Fe; 0.94% Mo

Mo in fine fractures/disseminations (typically Mo rich)

High Grade Mo in magnetite skarn associated with strong Fe replacement

HUI-11 408.5m, 0.01% Cu; 1.8%Fe; 0.018% Mo

Huiniccasa – Mineralization, Molybdenum Intervals

42

DRILL HOLE Drilled

Huiniccasa – ‘Skarn Basin’

4 km

2 km

Large Volume of Skarn

Area 4 km by 2 km If 200 m thick would be 5.6

Btonnes

Geology Volcanics

Marble

Skarn

43

Huiniccasa TDEM (in progress)

500 m 44

TDEM Sounding Complete TDEM Not Possible TDEM Traverses

Huiniccasa TDEM – Models & Traverses

45 500 m

TDEM Models TDEM Traverses

Vertical extent of sections 500 m

Drill susceptibilities are linear Blue <0.002 Red >0.25 SI units Grey traces = not drilled

No data -inaccessible

3D perspective view looking north

(same as previous)

Huiniccasa TDEM – Conductivity Models with Drill Holes

46

Summary

• Pembrook is well financed – Cdn$18 million in the treasury

• Strong portfolio of Cu Porphyry projects in Peru • 10,400 metres of drilling planned on 2 projects in

2014 • Objective

– Preliminary Cu resource estimates by end of 2014

• Joint venture – Lidia Cu – Au (IOCG) with Chinalco

47

Contact

For further information please contact:

Brian Booth, President & CEO Tel: 778 327 6540

1160 – 1040 West Georgia Street Vancouver, BC V6E 4H1 Canada

www.pembrookmining.com info@pembrookmining.com

48

www.pembrookmining.com © Pembrook Mining Corp. 2014

Recommended