corporate presentation - harfang exploration · 2018-08-22 · corporate presentation june 2018 a...
TRANSCRIPT
Corporate Presentation
JUNE 2018
A NEW PLAYER AND PROJECT GENERATOR ACTIVE IN JAMES BAY
TSX-V: HAR
FORWARD-LOOKING STATEMENTS
Certain statements contained in this presentation may be deemed "forward-looking statements“ within the meaning of applicable Canadian and U.S. securities laws. All statements in this presentation, otherthan statements of historical fact, that address future events, developments or performance that Harfang Exploration Inc. (the "Corporation” or “Harfang” ) expects to occur, including managements’expectations regarding the Corporation’s growth, results of operations, estimated future revenues, requirements for additional capital, mineral reserve and mineral resource estimates, production estimates,gold equivalent ounces, production costs and revenue, future demand for and prices of commodities, business prospects and opportunities are forward looking statements based on certain estimates andassumptions, and no assurance can be given that the estimates and assumptions will be realized. Forward looking statements are statements that are not historical facts and are generally, but not always,identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "scheduled" and similar expressions or variations (including negative variations), or thatevents or conditions "will", "would", "may", "could" or "should" occur including, without limitation, that all conditions precedent to the closing of the transaction between the Corporation and Orion MineFinance Group (the "Transaction") will be met and the realization of the anticipated benefits deriving therefrom for shareholders of the Corporation, the view on the quality and the potential of theCorporation’s assets. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements involve known and unknownrisks, uncertainties and other factors and are not guarantees of future performance and actual results may accordingly differ materially from those in forward looking statements. The forward lookingstatements contained in this presentation are based upon assumptions management believes to be reasonable. For additional information on risks, uncertainties and assumptions, please refer to theCorporation’s most recent Annual Information Form filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. The Corporation cautions that the foregoing list of risk and uncertainties is notexhaustive. Investors and others who base themselves on the forward looking statements contained herein should carefully consider the above factors as well as the uncertainties they represent and the riskthey entail. The Corporation believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct andsuch forward-looking statements included in this presentation should not be unduly relied upon. These statements speak only as of the date of this presentation. The Corporation undertakes no obligation topublicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by applicable law.
Safe Harbour Statement
Certain statements in this presentation constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities legislation. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or other future events, includingforecast production, earnings and cash flows, to be materially different from any future results, performances or achievements or other events expressly or implicitly predicted by such forward-lookingstatements. Such risks, uncertainties and other factors include, but are not limited to, factors associated with fluctuations in the market price of precious metals, mining industry risks, recent operating losses,uncertainty of title to properties, risk associated with foreign operations, environmental risks and hazards, proposed legislation affecting the mining industry, litigation, governmental regulation of the miningindustry, properties without known mineable reserves, uncertainty as to calculations of reserves, mineral deposits and grades, requirement of additional financing, uninsured risks, competition, dependenceon key management personnel, potential volatility of market price of the Company’s common shares, dilution and certain anti-takeover effects. Such information contained herein represents management’sbest judgment as of the date hereof based on information currently available. The Company does not intend to update this information and disclaims any legal liability to the contrary.
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Harfang Exploration Inc. is a mining exploration company listed on the TSX ("HAR") exploring emerging gold districts in the province of Québec.
ABOUT HARFANG
PROJECT GENERATOR PARTNERSHIPS ON ITS PROPERTIES STRATEGIC ACQUISITIONS
WHY INVEST IN HARFANG Excellent share structure with strong support from the
Osisko Group & Québec Institutional Funds
Well financed with $2.5 million in working capital, no debt
Properties 100%-owned by Harfang
Experienced & field-oriented team
Exceptional Board of Directors & management
Focused on gold exploration in JAMES BAY
Developing early-stage gold properties
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BOARD OF DIRECTORS
ANDRÉ GAUMOND, CHAIRMAN
Director at Osisko Gold Royalties and ex-President of Virginia Mines
JEAN-PIERRE JANSON, DIRECTOR
Managing Director at Richardson GMP Limited and chairman of the board of
Midland Exploration
FRANK MARIAGE,DIRECTOR
Partner at Fasken Martineau DuMoulin LLP and Chairman of the Québec Mineral Exploration Association
SYLVIE PRUD’HOMMEDIRECTOR
Geologist and former Manager, InvestorRelations, for Osisko Mining Corporation
ROBIN VILLENEUVEDIRECTOR
CFO at Opsens Inc. and ex-CFO of Mines Virginia Inc.
FRANÇOIS GOULET, M.SC., P.GEO.PRESIDENT & CEO
MANAGEMENT
YVON ROBERT, CPACHIEF FINANCIAL OFFICER
MARC POTHIER, LL.B.CORPORATE SECRETARY& LEGAL ADVISOR
EXCEPTIONAL BOARD OF DIRECTORS
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EXPLORATIONUPDATE ON MÉNARIK
SERPENT PROPERTY ACQUISITION
ACQUISITION OF LAC FAGNANT
TSX-V: HAR
ACQUISITION OF LAC AULNEAU
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SHARE STRUCTURE + TREASURY
* APPROXIMATE VALUE AS AT FEBRUARY 1, 2018
PRICE: $0.25
HIGH – LOW (since June 30th 2018):$0.35 - $0.22
SHARE OUTSTANDING:28 M
Options: 672,500 Warrants: 3,821,000 Market Cap: $7M
QC INSTITUTIONAL FUNDS 26%
OSISKO GOLD ROYALTIES18%
BOARD OF DIRECTORS & MANAGEMENT
8%
AS AT JUNE 1, 2018
OWNERSHIP
TREASURY
CASH: $2.4 MILLION *
LONG-TERM DEBT: $0
RTO & $2.7MFINANCING
PROJECTS IN JAMES BAY & NUNAVIK
1. https://www.lafrontiere.ca/actualites/economie/2017/5/10/eleonore--la-mine-de-tous-les-defis.html
GOOD ACCESS & INFRASTRUCTURE
UNDEREXPLORED AREA
NEARBY RECENT DISCOVERIES
World-Class Gold Discovery
GOLDCORP ÉLÉONORE MINE
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LAC FAGNANTPROJECT
MUSKEG PROJECT
SERPENT PROJECT
LAC AULNEAUPROJECT
ÉLÉONOREMINE MINE
RENARD Fermont
Schefferville
Chibougamau
Matagami
Radisson
Kuujjuarapik
Wemindji
Kuujjuaq
LAC MENARIK & MENARIK EAST PROJECTS
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EAST MENARIK
LAKE MENARIK
5 km
Camp
Camp
LAKE MENARIK & MENARIK EAST PROPERTIES – INFRASTRUCTURE
Properties located 48 km southeast of Radisson / 100%-owned by Harfang (2% NSR OsiskoGold Royalties on Lake Ménarik)
Lake Ménarik = 93 claims (47.79 km2) / Ménarik East = 68 claims (34.94 km2)
Two electric transmission lines run through claims
Near intersection between James Bay paved and Transtaiga gravelroads
Tonalite
Basalt
Wacke
Andesite
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Conglomerate
Monzonite
LAKE MENARIK & MENARIK EAST PROPERTIES – REGIONAL GEOLOGY
Archean greenstone belt made up of volcano-sedimentary rocks / Yasinski Group basalt
Polymictic conglomerate along deformation corridor (Timiskaming-style) / early erosional unconformity? [blue unit]
Syenite-hosted and/or orogenic gold mineralization styles
Layered ultramafic-mafic igneous complex with Cr-PGE±Ni±Cu occurrences [purple unit]
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LAKE MENARIK PROPERTY – GOLD MINERALIZATION
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8.09 g/t Au7.37 g/t Au
1.04 g/t Au / 24.9 (trench)1917 g/t Au500 g/t Au
Wacke
Lac Ménarik Fault
Unconformity
Auriferous
Monzonite
18.6 g/t Au9.67 g/t Au8.33 g/t Au7.75 g/t Au6.07 g/t Au
199.53 g/t Au15.45 g/t Au
Conglomerate
Some of the best drilling intersections: 0.89 g/t Au over 68.25 m, 7.51 g/t Au over 1.41 m
Very high tenors in individual quartz veins (up to 500 g/t Au)
Mineralization and alteration more abundant where monzonite is fractured, brecciated and/or sheared
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Syenite
Robert et al. (2001)
Timiskaming-type Conglomerate Monzonitic Dyke
QZ-CB Stockwork in monzonite
Deposit Size(Production +
reserves)
Young-Davidson
5,56 Mt @ 3,28 g/t Au
Holt-McDermott
7,0 Mt @ 5,9 g/t Au
Macassa 7,15 Mt @ 15,4 g/t Au
LAKE MENARIK PROPERTY – MONZONITE / SYENITE ASSOCIATED GOLD DEPOSIT ?
Similar to Timmins & Kirkland Lake mining camp
Lac
Mén
arik
Pro
per
ty
MENARIK EAST PROPERTY – CR-PGE-NI-CU & AU, AG, CU, ZN AND PB
Layered ultramafic-mafic igneous complex
Main intrusive body [purple and brown units] with historical resources*: 6.34 Mt @ 7.73% Cr2O3, 398 ppb Pd et 105 ppb Pt; 1.06 Mt @ 0.38% Ni et 0.15% Cu
Abundant gabbroic dykes intruded into felsic basement
Excellent drilling database (> 36,600 m)
Possible genetic link between igneous complex and Lac MénarikFault / Ancient deep-seated conduit permeable to mantle-derived magmas and ore fluids?
*Non compliant to NI 43-101
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Resources* in Menarik Ultramafic complex : 6.34 Mt @ 7.73% Cr2O3, 398 ppb Pd & 105 ppb Pt &
1.06 Mt @ 0.38% Ni & 0.15% Cu
*Resources calculation non-compliant to CIM standards
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LAKE FAGNANT PROPERTY – GEOLOGY
*Resources calculation non-compliant to CIM standards
Esker
Cuesta
Sediments
Basalt
BIF
Great Whale greenstone belt
Gold showings (SIGÉOM)
85 claims (41,9 km2), located 60 km east of Kuujjuarapik (Nunavik) and 160 km north of Radisson (James Bay)
50/50 Joint Venture with KenorlandMinerals Ltd
Access by helicopter or floatplane
Great Whale Archean greenstone beltdefined over 16 km x 8 km
Dominated by mafic volcanics; scarce terrigenous and orthochemicalsedimentary rocks, felsic lavas, and ultramafic and felsic intrusions; major iron formations in the south
Never been drilled
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LAKE FAGNANT PROPERTY – GOLD MINERALIZATION (ESKER & CUESTA)
Limit of property InOut
InOut
IP axes mark altered, sheared and sulphide-bearing zones spatially associated with gold showings
Several IP axes located under Quaternarysediments (overburden)
Bedrock not yet investigated by drillinganywhere on the property
SERPENT PROPERTY GOLD AND COPPER MINERALIZATION
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255 claims (131.97 km2) located 90 km southeastof Radisson and 11 km east of the James Bay Road
100% owned by Harfang, no NSR
Accessible by helicopter, floatplane or boat
Two electricity transmission lines run throughthe property
Located 80 km northwest of Éléonore Mine, adjacent to La Grande-Opinaca contact
Underexplored area outside known greenstonebelts
Best grab sample for gold: 4.11 g/t Au
Best grab sample for copper: 2.11% Cu, 0.68 g/t Au, 19.1 g/t Ag
Pyrite and chalcopyrite in quartz veins
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LAKE AULNEAU PROPERTY – GEOLOGY
Cross-section of the Redcliff zone
Lacro
ix (19
90
)
Marymac II
Marymac I
Island
VTEM survey done in 2011 - no follow up
*Resources calculation non-compliant to CIM standards
EXPLORATION BUDGET: $900,000
EXPLORATION PROGRAM 2018
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LAKE MÉNARIK
• Mechanical stripping and trenching
• Detailed mapping
MÉNARIK EAST
• Prospecting and geological mapping
LAKE FAGNANT
• Prospecting and geological mapping
SERPENT
• Prospecting and geological mapping
LAKE AULNEAU
• Interpretation of the VTEM survey done in 2011
• Digital compilation
• Historical drillhole re-sampling
GENEX
• Target Generation and prospecting
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François Goulet, M.Sc. P.Geo, President & CEOHarfang Exploration [email protected](514) 627-1406
WWW.HARFANGEXPLORATION.COM
TSX-V: HAR