The Whistler Project An Emerging Gold-Copper Porphyry District
The Whistler Project An Emerging Gold-Copper Porphyry District The Whistler Project An Emerging Gold-Copper Porphyry District
DISCOVERED. The Whistler Project An Emerging Gold-Copper Porphyry District February 2013 Jason Weber, P. Geo. President & CEO
- Page 2 and 3: Cautionary Note This presentation c
- Page 4 and 5: Whistler Location Deposit/Mine Reso
- Page 6 and 7: Property Geology Three “flagship
- Page 8 and 9: Whistler Porphyry Au-Cu District Lo
- Page 10 and 11: Whistler Corridor Targets Whistler
- Page 12 and 13: Whistler Orbit Section 400m
- Page 14: Whistler Orbit Targeting - Model an
- Page 17 and 18: Island Mountain Summary Island Moun
- Page 19 and 20: Island Mountain Plan Map
- Page 21 and 22: Breccia Zone Expansion Potential
- Page 23 and 24: Island Mountain Targeting - Geologi
- Page 25 and 26: Howell and Cirque Zones Mo 25
- Page 27 and 28: New Porphyry Targets 27
- Page 29 and 30: Local Support Strong relationship w
- Page 31 and 32: Responsible Exploration Committed t
- Page 33 and 34: Kiska Corporate Summary Capital Str
- Page 35 and 36: Thorn Property Location Northwester
- Page 37 and 38: Thorn Plan Map 37
- Page 39 and 40: Thorn Drilling 2012 Highlights from
DISCOVERED.<br />
<strong>The</strong> <strong>Whistler</strong> <strong>Project</strong><br />
<strong>An</strong> <strong>Emerging</strong> <strong>Gold</strong>-<strong>Copper</strong> <strong>Porphyry</strong> <strong>District</strong><br />
February 2013<br />
Jason Weber, P. Geo.<br />
President & CEO
Cautionary Note<br />
This presentation contains forward-looking statements. All<br />
statements, other than statements of historical fact, that<br />
address activities, events or developments that the Company<br />
believes, expects or anticipates will or may occur in the future<br />
(including, without limitation, statements regarding exploration<br />
results, potential mineralization, future plans and objectives of<br />
the Company and mineral resources) are forward-looking<br />
statements. <strong>The</strong>se forward-looking statements reflect the<br />
current expectations or beliefs of the Company based on<br />
information currently available to the Company. Forwardlooking<br />
statements are subject to a number of risks and<br />
uncertainties that may cause the actual results of the Company<br />
to differ materially from those discussed in the forward-looking<br />
statements, and even if such actual results are realized or<br />
substantially realized, there can be no assurance that they will<br />
have the expected consequences to, or effects on the<br />
Company. Factors that could cause actual results or events to<br />
differ materially from current expectations include, among<br />
other things, uncertainties relating to the availability and costs<br />
of financing needed in the future, changes in commodity<br />
prices, changes in equity markets, changes to regulations<br />
affecting the Company's activities, the uncertainties involved<br />
in interpreting exploration results and other geological data<br />
and the other risks involved in the mineral exploration<br />
industry. <strong>An</strong>y forward-looking statement speaks only as of the<br />
date on which it is made and, except as may be required by<br />
applicable securities laws, the Company disclaims any intent<br />
or obligation to update any forward-looking statement, whether<br />
as a result of new information, future events or results or<br />
otherwise. Although the Company believes that the<br />
assumptions inherent in the forward-looking statements are<br />
reasonable, forward-looking statements are not guarantees of<br />
future performance and accordingly undue reliance should not<br />
be put on such statements due to the inherent uncertainty<br />
therein.<br />
2
<strong>District</strong>-scale porphyry gold-copper<br />
Exploring a new gold-copper district<br />
in Alaska.<br />
547 km 2 (40 km long), 100%<br />
ownership, world class potential<br />
• <strong>An</strong>chored by <strong>Whistler</strong> <strong>Gold</strong>-<strong>Copper</strong><br />
<strong>Porphyry</strong> Deposit – indicated 2.25M oz gold<br />
eq., inferred 3.35M oz gold eq.*<br />
• Five additional porphyries discovered<br />
• Potential for further discoveries – only<br />
needs more drilling<br />
Social license in place<br />
Infrastructure options<br />
* See slide 9 for details of NI43-101 resource estimate<br />
3
<strong>Whistler</strong> Location<br />
Deposit/Mine Resources Reserves<br />
Livengood 13.3 million Ounces gold<br />
Fort Knox 5.8 million Ounces gold<br />
Donlin Creek 8.7 million 33.6 million Ounces gold<br />
Pebble 80.6 billion Pounds copper<br />
107.3 million Ounces gold<br />
5.75 billion Pounds moly<br />
<strong>Whistler</strong> 3.1 million Ounces gold<br />
769 million Pounds copper<br />
13.2 million Ounces silver<br />
Donlin Creek<br />
Pebble<br />
Livengood<br />
<strong>Whistler</strong><br />
Fort Knox<br />
<strong>An</strong>chorage<br />
Pogo<br />
4
<strong>The</strong> Cook Inlet Region, Alaska<br />
Donlin Creek gas pipeline<br />
Cook Inlet to Donlin through<br />
<strong>Whistler</strong> property<br />
Chackachamna Hydro<br />
TDX Power Corp<br />
~ 400 MW proposed<br />
Mt. Spurr Geothermal<br />
Ormat Technologies Inc<br />
Currently in feasibility study<br />
North Foreland Facility, Tyonek<br />
385 Mw station at Beluga.<br />
5
Property Geology<br />
Three “flagship” projects within<br />
one property.<br />
<strong>Whistler</strong>/Island Mountain<br />
~75 Ma <strong>Whistler</strong> Intrusive<br />
Suite (WIS) - diorite porphyry.<br />
<strong>Whistler</strong> deposit hosted by<br />
WIS stock; other prospects<br />
(including Island Mountain)<br />
associated with WIS<br />
stocks/dykes<br />
Muddy Creek<br />
65 Ma: Composite Suite (Mt.<br />
Estelle Intrusives)<br />
<strong>Whistler</strong><br />
Corridor<br />
Island<br />
Mountain<br />
Muddy<br />
Creek<br />
6
A New <strong>Gold</strong>-<strong>Copper</strong> <strong>District</strong><br />
<strong>Whistler</strong> Corridor<br />
18 x 9 km with multiple targets<br />
Existing large gold<br />
resource<br />
• 2.25 Moz Au Eq indicated<br />
• 3.35 Moz Au Eq inferred *<br />
Expansion potential:<br />
• Within 3 km at Raintree and<br />
Rainmaker<br />
• 23 km away at Island<br />
Mountain.<br />
• <strong>Gold</strong>-only target at Muddy<br />
Creek<br />
• Numerous untested targets.<br />
* See slide 9 for details of NI43-101 resource estimate<br />
7
<strong>Whistler</strong> <strong>Porphyry</strong> Au-Cu <strong>District</strong><br />
Looking SW<br />
Island<br />
Mountain<br />
Rainmaker<br />
23 km<br />
Muddy<br />
Creek<br />
Raintree West<br />
<strong>Gold</strong> rich gold-copper porphyry deposit.<br />
15 km<br />
New gold-copper porphyries proximal to <strong>Whistler</strong> (Raintree W, Raintree E and<br />
Rainmaker - All were blind, geophysical targets)<br />
<strong>Whistler</strong> Deposit<br />
Numerous geophysical, geochemical targets and showings on 547km 2 property.<br />
Favourable infrastructure options and preliminary metallurgical work<br />
Raintree East<br />
Same geological belt as Pebble copper-gold porphyry with 72Blb Cu, 94Moz Au, 4.8Blb<br />
Mo (Source: Northern Dynasty website).<br />
8
<strong>Whistler</strong> 43-101 Resource<br />
Resource Category<br />
Tonnes<br />
(Mt)<br />
Au<br />
(g/t)<br />
Tonnes & Grade Contained Metal (M)<br />
Ag<br />
(g/t)<br />
Cu<br />
(%)<br />
Au eq.<br />
(g/t)<br />
Au<br />
(Moz)<br />
Ag<br />
(Moz)<br />
Indicated (open-pit) 79.2 0.51 1.97 0.17 0.88 1.28 5.03 302 2.25<br />
Inferred (open-pit) 145.8 0.40 1.75 0.15 0.73 1.85 8.21 467 3.35<br />
Published revised resource in January<br />
2011.<br />
Based on 41 drill holes on only the<br />
<strong>Whistler</strong> Zone.<br />
Au eq. calculation: US$990/oz Au,<br />
US$15.40/oz Ag, US$2.91/lb Cu.<br />
0.30g/t Au eq. cutoff, 1.3 strip ratio,<br />
based on a 45 degree pit shell.<br />
Positive preliminary metallurgy: 85%<br />
Cu, 75% Au recoveries from open<br />
circuit cleaner tests (22.5% Cu<br />
concentrate, 65 g/t Au).<br />
Open at depth<br />
High grade “core” to deposit<br />
Cu<br />
(Mlb)<br />
Source: Mineral Resource Estimation Memo, <strong>Whistler</strong> <strong>Copper</strong>-<strong>Gold</strong> <strong>Project</strong>, Alaska Range, Alaska. January, 2011. Memo Prepared by Moose Mountain Technical Services Ltd. Final Report to<br />
be filed on SEDAR in February 2011.<br />
Au eq.<br />
(Moz)<br />
9
<strong>Whistler</strong> Corridor Targets<br />
<strong>Whistler</strong><br />
2.25 Moz Au Eq. indicated<br />
3.35 Moz Au Eq. inferred*<br />
Rainmaker<br />
167 m @ 0.47g/t<br />
Au, 0.17% Cu.<br />
WB Camp & Airstrip<br />
* See slide 9 for details of NI43-101 resource estimate<br />
Snow Ridge<br />
Raintree W<br />
Puntilla<br />
172 m @ 1.13 g/t Au, 0.18% Cu, 3.9<br />
g/t Ag within 453.2 m of 0.72 g/t Au,<br />
0.12% Cu, 3.2 g/t Ag<br />
Skwentna River<br />
Round Mountain<br />
Raintree S<br />
Puntilla Airstrip<br />
Raintree N<br />
Raintree E<br />
Portage Ck<br />
Spur Targets<br />
Looking NW<br />
Long Lake Hills<br />
90 m @ 0.42g/t Au, 1.3g/t Ag, 0.10% Cu<br />
10<br />
Winter Trail Access Route
Raintree West<br />
Hole Interval Width<br />
(m)<br />
4<br />
Au<br />
(g/t)<br />
Ag<br />
(g/t)<br />
5<br />
3<br />
Cu<br />
(%)<br />
Au Eq<br />
(g/t)<br />
WH10-024 1 83.0 1.20 11.8 0.06 1.48<br />
WH09-002 2 471.6 0.38 4.7 0.09 0.93<br />
WH11-029 3 450.7 0.51 7.13 0.05 0.75<br />
WH11-030 4 453.2 0.72 3.21 0.12 1.01<br />
WH11-039 5 74.0 0.47 2.50 0.14 0.79<br />
2<br />
1
<strong>Whistler</strong> Orbit Section<br />
400m
Raintree West Section<br />
Raintree West<br />
2<br />
1<br />
3<br />
4<br />
Raintree South<br />
13
<strong>Whistler</strong> Orbit Targeting - Model and<br />
Geophysical Footprint<br />
IP CHARGEABILITY - 100m depth slice<br />
<strong>An</strong>nulus of high chargeability around porphyry core due to phyllic alteration<br />
and associated pyrite halo. Phyllic halo is influenced by rock porosity and<br />
faults.<br />
Core porphyry Au-Cu mineralization generally has lower total sulphides<br />
and lower IP response.<br />
RTP MAGNETICS<br />
High amplitude magnetic anomaly caused by secondary magnetite<br />
associated with Au-Cu mineralization in porphyry core. Moderate<br />
amplitude magnetic anomalies caused by primary magnetite in unaltered<br />
diorite porphyries and volcanic rocks.<br />
Low magnetic response in volcanic host rocks due to demagnetization by<br />
strong phyllic alteration.<br />
ORE DEPOSIT MODEL<br />
1 - Emplacement of pipe-like Diorite <strong>Porphyry</strong> intrusions: Earliest<br />
phase is the most strongly mineralized.<br />
2 - Potassic Alteration and Au-Cu Mineralization: Magnetite-Biotite-Kfeldspar<br />
alteration with Quartz-Chalcopyrite veining.<br />
3 - Phyllic Alteration: Pervasive Chlorite-Sericite-Clay-Pyrite alteration<br />
above and peripherally to mineralized core. Distribution modified by faults<br />
and primary porosity.<br />
4 - Epithermal Vein Overprint: Telescoping of intermediate sulphidation<br />
<strong>Gold</strong>-Silver bearing Quartz-Carbonate-Pyrite-Chalcopyrite-Sphalerite-<br />
Galena veins onto porphyry system. Epithermal overprint gives broad<br />
geochemcial footprint of anomalous Ag-Pb-Zn and Au-Cu-Mo as vectors<br />
towards porphyry core.<br />
14
Island Mountain<br />
Island Mountain<br />
4.5 Island by 3.0 Mountain km area<br />
with 4.5 multiple by 3.0 targets km area<br />
with multiple targets<br />
Located 23 km south of<br />
<strong>Whistler</strong>.<br />
Surface and drill evidence<br />
for significant mineralized<br />
system.<br />
• 4.5 x 3.0 km area of goldcopper<br />
soil and rock<br />
anomalies.<br />
• Multiple styles of mineralization<br />
intersected in drilling<br />
• Untested targets remain.<br />
16
Island Mountain Summary<br />
Island Mountain Area<br />
Diorite-Monzonite Intrusive<br />
Complex at intersection with<br />
regional fault (like WHS)<br />
Au-Cu showings over 3-4 km<br />
area with potassic and sodic-<br />
calcic (Na-Ca) alt.<br />
Expansive soil anomalies<br />
Breccia Zone<br />
Hydrothermal and Intrusion<br />
Breccias over 700m of strike<br />
<strong>Gold</strong> zones of two general<br />
types:<br />
• Disseminated\vein<br />
pyrrhotite-assoc. Au<br />
• Breccia associated<br />
Discovery hole in 2009<br />
Diorite<br />
Breccia Zone<br />
c.g. monz<br />
Cirque Zone<br />
hornfels<br />
monz<br />
17
Island Mountain<br />
Breccia Zone<br />
(Au+/-Cu) target<br />
2011 drillholes<br />
Pre-2011 drillholes<br />
100m<br />
-026<br />
-034<br />
IM10-008, -009<br />
-037 -036<br />
-039<br />
-013<br />
-018,<br />
-020<br />
IM10-010, -011<br />
-038, -041<br />
Discovery drill hole (IM09-001)<br />
-022,<br />
-024<br />
IM10-006, 007, IM11-040<br />
Lower Zone (Au) target<br />
(behind ridge)<br />
Looking East<br />
18
Island Mountain Plan Map
Island Mountain Section 7750N
Breccia Zone Expansion Potential
Breccia Zone Expansion Potential<br />
46m of 1.2g/t Au<br />
39m of 0.6g/t Au<br />
Follow-up<br />
74m of 0.9g/t AuEq<br />
7m of 3.4g/t Au<br />
End of hole
Island Mountain Targeting - Geological Model<br />
and Geochemical- Geophysical Footprint<br />
plan<br />
plan<br />
section<br />
3<br />
1<br />
4<br />
5<br />
2<br />
EM CONDUCTIVITY - 100m depth slice<br />
Partial halo of high conductivity fringing intrusive and hydrothermal breccia<br />
centre due to disseminated pyrrhotite.<br />
Core intrusive and hydrothermal breccias (with Au-Cu mineralization)<br />
generally have lower total sulphides and thus lower EM response.<br />
RTP MAGNETICS<br />
Moderate amplitude magnetic anomaly caused by secondary magnetite<br />
within the intrusive and hydrothermal breccia. <strong>The</strong> magnetic response<br />
may also be due to primary magnetite within the causative porphyry stock<br />
(monzonite porphyry) that lies below and feeds the breccia bodies.<br />
High amplitude magnetic response also given by barren intrusive units<br />
(left of image) and local mafic dykes (top right) with primary magnetite.<br />
ORE DEPOSIT MODEL<br />
1 - Emplacement of pipe-like Diorite and Monzonite <strong>Porphyry</strong><br />
intrusions: Multiple phases of porphyry emplacement that overlap<br />
with the formation of mineralized hydrothermal breccias.<br />
2 – Early Biotite Alteration: 500-750m wide halo of pervasive biotite<br />
alteration around intrusive centre.<br />
3 –Potassic Alteration and Au-Cu Mineralization: K-feldspar-quartz<br />
flooding and disseminated chalcopyrite mineralization (with gold) in<br />
early intrusive phases.<br />
4 – Intense Sodic-Calcic Alteration and Au-Cu Mineralization:<br />
albite-actinolite-pyrrhotite-chalcopyrite alteration and infill associated<br />
with hydrothermal breccias and gold-copper mineralization.<br />
5 – Pyrrhotite-<strong>Gold</strong> Mineralization: Outer gold-only mineralization<br />
associated with disseminated and vein pyrrhotite (as an outer selvage<br />
to the breccias and within distal structural zones) within an outer halo<br />
of moderate sodic-calcic alteration.<br />
23
Airborne EM
Howell and Cirque Zones<br />
Mo<br />
25
Island Mountain Discovery<br />
1. Discovery Breccia: soil and<br />
rock sampling expanded target<br />
area to 2 by 1.5 km in size<br />
2. Soil geochemistry defined 2 by<br />
1.2 km gold-copper anomaly<br />
north of the Cirque Zone<br />
3. Broad and strong EM<br />
conductors coincident with<br />
surface geochem anomalies –<br />
at SC defines a new target area<br />
in valley under sediments<br />
Breccia Zone<br />
3<br />
500m<br />
1<br />
EM anomalies<br />
>175 ppb composite gold anomaly<br />
3<br />
2<br />
3<br />
Looking NE<br />
23 km to <strong>Whistler</strong><br />
26<br />
26
New <strong>Porphyry</strong> Targets<br />
27
<strong>Whistler</strong> <strong>Project</strong> 2012<br />
Metallurgical results carried out on composite samples from the <strong>Whistler</strong> Deposit<br />
returned average copper concentrates grading 25.4% copper with recoveries<br />
averaging 91.9% for copper and 70.4% for gold.<br />
With the objective being to advance the <strong>Whistler</strong> Deposit, the following studies were<br />
being conducted in 2012:<br />
• Preliminary engineering studies contemplating the options and design for potential power and<br />
access routes, mine site infrastructure and mining/processing options.<br />
• Reinterpretation of the deposit geology to revise the geological model. This will be<br />
accomplished by relogging drill core within the deposit as well as limited surface trenching to<br />
enhance and confirm the model.<br />
In addition to work on the <strong>Whistler</strong> Deposit, detailed geological studies continue at<br />
Island Mountain which will contribute to an improved geological model that will aid in<br />
the expansion of the Breccia Zone mineralization and prioritize targets of other<br />
porphyry centres at Island Mountain.<br />
28<br />
<strong>Whistler</strong> Deposit Outcrops
Local Support<br />
Strong relationship with local communities – Neighbours with<br />
Alaska’s oldest hunting lodge – Rainy Pass Lodge (RPL)<br />
Kiska provides support for the RPL through:<br />
• Logistics – Coordinated/shared logistics, medical and safety support<br />
• Financial - Use the Rainy Pass Lodge facilities for tours, board meetings<br />
and other functions<br />
• Community Events - Coordinate joint participation in activities around<br />
events such as Iron Dog and Iditarod races.<br />
• Minimizing impact on RPL’s core business - Manage exploration to avoid<br />
active areas during hunting season<br />
• Employment opportunities<br />
Rainy Pass Lodge support for<br />
Kiska:<br />
• Introductions to stakeholders<br />
• Positive public feedback to community,<br />
government<br />
• Key support for Kiska in early days<br />
29
Community Involvement<br />
Strong relationship with local communities<br />
Shared airstrip with Alaska’s oldest hunting<br />
lodge<br />
Sponsor of local community events<br />
• Iron Dog snowmobile race<br />
• Iditarod dogsled race – associated events<br />
• Iron Man, Alaska competition<br />
• <strong>An</strong>chorage Rodeo<br />
• Youth soccer teams<br />
• Alaska Professional Hunters Association<br />
• R5Sons Alaska television show<br />
Fund educational initiatives<br />
• “Work to learn” programs for <strong>An</strong>chorage-area teachers<br />
• Educational site tours for stakeholders<br />
• Donor to UAA Economic Geology Chair, support two<br />
graduate students, hire UAA geology students.<br />
30
Responsible Exploration<br />
Committed to Best Practices for mineral<br />
exploration<br />
Core logging facilities<br />
Road to <strong>Whistler</strong><br />
boneyard<br />
<strong>Whistler</strong> Ridge & deposit (with road). Camp and airstrip<br />
<strong>Whistler</strong> Camp “Whiskey Bravo”
Management, Board of Directors and<br />
Advisory Board<br />
Management Team<br />
Jason Weber, P.Geo., President and CEO<br />
Chris Kerr, CGA, CFO<br />
David Caulfield, P.Geo., Vice President of Business Development<br />
Mark Baknes, P.Geo., Vice President of Exploration<br />
Board of Directors<br />
Geoff Chater, B.Sc.<br />
(Chairman)<br />
Bipin Ghelani, CA<br />
George Ireland, B.S.<br />
John Kanellitsas, B.S.<br />
Jack Miller, M.Sc. P.Eng.<br />
Mark Selby, B.Comm.<br />
Jason Weber, P.Geo.<br />
Advisory Board<br />
Colin Barnett, Ph.D.,M.Sc., M.A., B.A.<br />
Henry Awmack, P.Eng.<br />
Robert Duncan, M.Sc., B.Sc.<br />
32
Kiska Corporate Summary<br />
Capital Structure<br />
Symbol KSK:TSX-V<br />
Shares<br />
Outstanding<br />
99.3 Million<br />
Warrants 7.5 Million<br />
Options 7.4 Million<br />
Fully<br />
Diluted<br />
Cash<br />
(As of Sept. 30, 2012)<br />
114.2 Million<br />
$4.7 Million<br />
Major Shareholders<br />
Major Shareholders<br />
30%- Geologic Resource Partners<br />
5%- Management/ Insiders (RFM)<br />
2%- Tocqueville<br />
2%- Global Strategic Management<br />
2% Teck Resources Ltd.<br />
2% Colonial First State<br />
33
Other <strong>Project</strong>s in the Portfolio<br />
Large portfolio of early stage projects in key locations.<br />
<strong>Porphyry</strong> targets in Alaska, BC and Australia<br />
<strong>Gold</strong> targets in Australia, BC<br />
<strong>Gold</strong>-silver and base metal projects in BC<br />
Thorn <strong>Project</strong>, BC – 2012 program was recently completed<br />
to follow up on 2011 drilling where THN11-60 intersected<br />
95 m of 628.3 g/t silver, 1.71g/t gold, 0.12% copper, 3.3%<br />
lead & 2.4% zinc. Drilling to be followed up in 2013.<br />
In February 2013, the Company signed a definitive<br />
agreement to sell the Thorn <strong>Project</strong> to Brixton Metals<br />
Corporation for $1.5 million in cash and seven million shares<br />
of Brixton<br />
Recent sale of 49% interest in Tide Property for $1.5 million<br />
34
Thorn Property Location<br />
Northwestern British<br />
Columbia<br />
130 km south of Atlin, BC<br />
155.8 km 2 land package<br />
35
Thorn Prospect Map<br />
CRAGGENMORE<br />
BALVENIE<br />
56.1 m @1.27 g/t Au,<br />
16.7 g/t Ag, 0.19% Cu in<br />
THN04-29<br />
CAMP CREEK<br />
TALISKER<br />
19.78 m 1.02 g/t Au,<br />
35.50 g/t Ag, and<br />
0.30% Cu in THN11-56<br />
OBAN<br />
15.83 m of<br />
1.25 g/t Au,<br />
54.1 g/t Ag<br />
and 0.16 %<br />
Cu in hole<br />
THN11-54<br />
36
Thorn Plan Map<br />
37
Oban Cross Section<br />
38
Thorn Drilling 2012<br />
Highlights from the two phase, 26 hole drill<br />
program of 2,889 metres include:<br />
THN12-65 intersected 12.90 metres of 512.66 g/t silver, 1.72 g/t<br />
gold, 4.24% lead and 1.54% zinc from surface within a broader<br />
interval of 83.90 metres of 161.47 g/t silver, 1.02 g/t gold, 1.29%<br />
lead and 1.48% zinc.<br />
THN12-83 intersected 73.7 metres of 284.2 g/t silver, 1.49 g/t gold,<br />
1.31% lead, 1.78% zinc and 0.12% copper (466.3 g/t AgEq) within<br />
a broader interval of 165.3 g/t silver, 1.37 g/t gold, 0.92% lead,<br />
1.25% zinc and 0.11% copper (314.6 g/t AgEq) over 150.5 metres.<br />
Expansion of Oban Breccia Zone mineralization at depth to the<br />
south-southeast.<br />
Confirmation that the Oban Breccia Zone is plunging to the south<br />
and open in that direction.<br />
Further drilling is planned at the Oban Breccia Zone<br />
in 2013.<br />
39
Investment Highlights<br />
<strong>Whistler</strong> (100% owned) – <strong>An</strong> <strong>Emerging</strong> <strong>Gold</strong>-<strong>Copper</strong><br />
<strong>Porphyry</strong> <strong>District</strong> in same geological belt as Pebble<br />
copper-gold porphyry.<br />
<strong>Gold</strong> rich porphyry deposit, anchors district - 2.25M oz<br />
gold eq indicated, 3.35M oz gold eq inferred*<br />
New gold discoveries - Island Mountain, Raintree targets<br />
and Rainmaker.<br />
Superior exploration upside (Muddy Creek, Spur, Island<br />
Mountain).<br />
* See slide 9 for details of NI43-101 resource estimate<br />
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