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Hawthorne Gold Corp Corporate Presentation
- 1. Experienced Management Cassiar Gold Mine Infrastructure Table Mountain Permitted Taurus Building British Columbia’s Next Gold Producer Corporate Presentation October 2010
- 2. Forward-Looking Information Certain statementsherein may contain forward-looking information within the meaning of applicable securities laws. Forward-looking information appears in a number of places and can be identified by the use of words such as “intends” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information includes statements regarding the Company’s exploration and development plans with respect to its properties and the estimation of mineral resources and are subject to such forward-looking risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such risks include gold price volatility, change in equity markets, the uncertainties involved in interpreting geological data, increase in costs and exchange rate fluctuations, permitting and environmental risks and other risks involved in the gold exploration and development industry. There can be no assurance that forward-looking information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of Hawthorne Gold. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein are qualified by this cautionary statement. The Company does not undertake to update such forward-looking information except in accordance with applicable securities laws. A feasibility study has not been completed for any projects discussed in this presentation and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable. Finley Bakker, P.Geo., the Company’s Qualified Person as defined by National Instrument (“NI”) 43-101, has reviewed and approved the technical information contained in this presentation. 2
- 3. Share Structure Issued and Outstanding 82,115,113 Special Warrants ($0.29) 14,338,801 Stock Options ($0.40 - $1.60) 6,787,000 Warrants ($0.40 - $0.51) 11,342,857 Fully Diluted 114,583,791 American Bonanza Gold Corp. 5,750,000 ~(8%) Institutional Ownership ~25,000,000 ~(26%) Market Capitalization (as at April 29, 2010) ~$13M 3
- 4. Investment Highlights Experienced Management, Operational and Technical Team • Led by respected company builders Michael Beley and Richard Barclay Co-founded both Bema Gold and Eldorado Gold • Strong board of directors and advisory team Dedicated to Growth through drilling, development and acquisitions • Apply Bema/Eldorado Model (short term cashflow) Advance towards cashflow at profitable mining operation within 4 years from Company inception On track for production at Cassiar Gold Mine, British Columbia • Aggressive 10,000 metre diamond drill program at Cassiar Gold Camp 2010 Build resource portfolio and develop priority exploration targets for upside potential 4
- 5. Gold Development andProduction Portfolio Two advanced stage gold projects in British Columbia, Canada • Table Mountain Gold Deposit - high grade vein deposits Fully permitted 270 tonnes per day mine, operational mill and tailings impoundment facility Estimated replacement value for mill facility: ~$25M • Taurus Gold Deposit - open pit, bulk tonnage opportunity Merger & Acquisition focus – build out management team, resource and production portfolio to become a significant junior gold producer • Reviewed 75 near term production gold projects • Selected 6 for management dialogue • Completed $4 million M&A working capital financing • Focused acquisition of near or in production target 5
- 6. Experienced Management Team MichaelBeley Chairman and Director 40 + years experience in senior executive roles in mining industry; former co-founder, VP & Director of Eldorado Gold Corp.; former co- founder, VP & Director of Bema Gold Corp.; co-founder of Polaris Minerals; and former Director of Nevada Pacific Gold Richard Barclay President, CEO and Director 40+ years experience in senior executive roles in financial sector; former founding CEO, President, & Director of Eldorado Gold Corp.; former co-founder, CFO and Director of Bema Gold Corp.; and former President, CEO & Director of Nevada Pacific Gold Patricia Fong CFO (Interim) 15 years of experience in the mining, oil and gas industries and previously held the position as Controller of various companies under the Lundin Group. Prior to entering the mining industry, Ms. Fong held various management roles in manufacturing, construction, real estate and government sectors. Marlin Murphy Manager of Environmental and Governmental Affairs Over 25 years of environmental and government relations experience; previous senior management positions with EBA Engineering, Compliance Energy Corporation, Barrick Gold Corporation, Homestake Mining and Cassiar Mining Corporation 6
- 7. Experienced Director Team BernardKahlert Director 35+ years of international exploration experience primarily focused on gold and base metals; held various positions with mining companies in Australia, United States and Canada; graduate in Geology and P.Eng Dale A. Sketchley Director 30+ years experience encompassing all phases of exploration, QAQC, geological modelling and resource evaluation; Mr. Sketchley has been involved Ivanhoe Mines, Union Minié, Chevron, Denison, Erickson Gold, Cooke Geological, MineQuest, and Placer Dome Harvey Brooks Director 20+ years experience in executive roles; Mr. Brooks was Senior Vice-President and General Manager, US Division of National Bank of Canada, director of Northern Sun Exploration Company Inc. Zheng Zhou Director 17+ years of management operating experience in investment, commercial, real estate, mining and other industries; Mr. Zhou is the Co- founder of China Mineral Holdings Limited also the Co-founder and the leader of SkyOcean Holding Co. Ltd. Don Siemens Director 30+ years experience as a Chartered Accountant; Mr. Siemens specializes in Corporate Finance, cross-border transactions and Mergers & Acquisitions; Mr. Siemens serves as a director and Audit Committee Chair for three public companies: Los Andes Copper Ltd., Nikos Explorations Ltd, and Adriana Resources Inc. Cory Kent Director 10+ years experience as a mining lawyer; Mr. Kent has directorship experience with companies listed on the TSX and TSX Venture Exchange. Previous to this has held a position as an executive of the Securities Law Section of the Canadian Bar Association 7
- 8. Technical Team andAdvisors Jack McClintock Board Advisor/Consultant 30+ years experience in all facets of the mineral exploration business; held various positions of increasing responsibility with Rio Algom, Billiton and BHP Billiton, the last being Global Exploration Manager with BHP Billiton; graduate degrees in Geology and MBA Dr. John-Mark Staude Board Advisor 20+ years of international exploration experience in precious and base metals; held various positions of increasing responsibility with Kennecott, BHP Billiton, and Teck Cominco David Rhys Board Advisor Principal of Panterra Geoservices Inc.; specializes in the application of structural geology techniques to the assessment of mineral deposits; has extensive experience in the evaluation of gold deposits at all phases of development 8
- 9. British Columbia –A Pro Mining Province Cassiar Gold Table Mountain Deposit District (Cassiar Gold Mine) Taurus Deposit 9
- 10. Cassiar Gold Camp TableMountain and Taurus Deposits Progress To Date • 58,901 hectare claim • Increased land position by 245% boundary • Historical production of • Purchased remaining 70% of Taurus ~500,000 ounces Deposit • Completed geological compilation model of 40 years of data • Completed 12,000 metre surface diamond drill program 2008/9 • Rehabilitated underground access workings at Cassiar Gold Mine • Re-established exploration and mining 75 man camp • Completed property-wide geophysics program 10
- 11. Table Mountain Mineand Mill Complex 11
- 12. Table Mountain Milland Shops 12
- 13. 270 TPD MillCapacity 13
- 14.
- 15. Table Mountain GoldDeposit & Cassiar Gold Mine High-Grade Gold System • NI 43-101 Mineral Resource Estimate • Deposits hosted in extensive quartz-carbonate- • 23 km of road access gold vein systems similar to some of Canada’s throughout property to largest gold camps, including Timmins, Kirkland access 13 adits and ~25 km underground workings Lake and Val d’Or 2009 Exploration & Development Program • Completed 12,000 metre diamond drill program focused on: Priority zones identified at Table Mountain and Taurus that will increase resource base Regional targets to identify new zones • Underground pre-development at Table Mountain to prepare for production at Cassiar Gold Mine 15
- 16. Table Mountain CoreLibrary 16
- 17. Multiple Gold ZonesFor Future Development 17
- 18. High Grade GoldVeins 18
- 19. Historic Mining Gradesof 14 Grams Gold Quartz vein in mine face – Table Mountain 19
- 20. Table Mountain MiningFleet 20
- 21.
- 22. Constructed New 75Tonne Capacity Bridge 22
- 23. Cassiar Gold 75Person Camp 23
- 24. Taurus Gold Deposit Highlights • NI 43-101 Mineral Resource Estimate • High-grade zones identified within resource selected high grade open pits • Open pit, bulk tonnage opportunity • Historical production of 32,700 ounces from high grade zones within deposit Oro Vein 2010 Exploration & Development Program • Plan 2010 10,000 meter surface exploration drill program to bring Taurus inferred resource to measured and indicated status • Metallurgical studies on mineralized zones for compatibility with mill flow sheet • Potential for multi million ounce open pit and underground bulk mineable gold deposit 24
- 25. Taurus Gold DepositLooking West 25
- 26.
- 27.
- 28. Taurus Open Pit2009 Bulk sample 28
- 29. Taurus High Grade3-5 Gram Gold Zones 29
- 30. Straight Forward OreControl Taurus Gold Zones 30
- 31. Taurus Bulk Sample– Summer 2009 Examples of potential high grade zones within Taurus Low Grade deposit 31
- 32. Taurus 5,000 TonneBulk Sample 32
- 33. Taurus Bulk SampleHigh Grade 33
- 34. Infrastructure, Resources, People Readingfor Production Mine and Mill Site 270 tpd Mill Facility Entering East Bain Zone Underground at Table Mountain Developing Ramp to East Bain Taurus High Grade Veins at Surface Taurus pre-stripping, drilling, trenching Taurus Drilling Zone #1 Reviewing Core (President and Advisors) 34
- 35. Exploration and Development GoingForward TABLE MOUNTAIN AND TAURUS GOLD DEPOSIT • Continue resource development through surface drilling during 2010 summer/fall; exploration program will consist of 10,000 metres of diamond drilling, trenching, mapping and soil sampling • Complete engineering and mine planning • Complete pre-production mine development leading towards production at Cassiar Gold Mine 35
- 36. NI 43-101 MineralResource Estimate NI 43-101 Mineral Resource Estimate Indicated Inferred Projects Grade Contained Au Tonnes Grade Contained Au g/t g/t Kg Oz Kg Oz Table 18.02 387.00 12,439 65,757 24.30 1598.00 51,374 Mountain* Taurus** - - - 33,055,000 0.990 32,829.72 1,055,500 • *Update of Technical Report on the Table Mountain Property, Liard Mining District, BC on the Table Mountain Property prepared by C. Pearson, P. Geo., F. J. Bakker, P. Geo. – May 18, 2010. • ** An updated NI 43-101 report (Wardrop Engineering Inc. – Updated Resource Report on the Taurus Deposit – Liard Mining District, BC - dated March 11, 2009) regarding the Taurus Property is available on www.sedar.com. Taurus NI 43-101 resource estimate conversion equates to 33.055 million tonnes at 0.99 g/t Au. This uses a cut-off grade of 0.50 g/t Au. 36
- 37. Contact: For more information please visit: www.hawthornegold.com or contact: Robert Ferguson or Jaclyn Ruptash Telephone: 604.629.1505 Toll Free: 888.629.1505 Email: [email protected] 37