shore gold inc. annual general meeting gold inc. annual general meeting june 24, 2004 ... fort a la...
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SHORE GOLD INC. SHORE GOLD INC. ANNUAL GENERAL MEETING ANNUAL GENERAL MEETING
June 24, 2004June 24, 2004
George Read, P. Geo,George Read, P. Geo, VP Exploration VP Exploration
Star Diamond Project Star Diamond Project 2004 Bulk Sample Program2004 Bulk Sample Program
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Canadian Diamond Canadian Diamond Mines & ProjectsMines & Projects
Ekati & Ekati & DiavikDiavik
JerichoJericho
Snap Snap Gahcho KueGahcho Kue
Buffalo Buffalo HillsHills
VictorVictorRenardRenard
FALCFALC--JVJV
StarStar
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Star KimberliteStar Kimberlite
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177 claims177 claims
58,191 hectares58,191 hectares
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••100% Shore Gold (incl. marketing)100% Shore Gold (incl. marketing)
••60 km east of Prince Albert, Sask.60 km east of Prince Albert, Sask.
••YearYear--round road accessround road access
••Close to power (15 km) & water 1.5 km)Close to power (15 km) & water 1.5 km)
••Saskatchewan: mining infrastructureSaskatchewan: mining infrastructure
Star Diamond ProjectStar Diamond Project
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••Discovered by Shore Gold in 1996Discovered by Shore Gold in 1996
••Geophysics & Drilling (37 holes)Geophysics & Drilling (37 holes)
••Large (>200 Ha) Fort a la Corne KimberliteLarge (>200 Ha) Fort a la Corne Kimberlite
••Macrodiamonds (largest 0.64ct)Macrodiamonds (largest 0.64ct)
••Sample diamond grade: 20 Sample diamond grade: 20 –– 30 cpht30 cpht
••Completed 1231 km GeoTEM surveyCompleted 1231 km GeoTEM survey
Star KimberliteStar Kimberlite
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Kimberlite SizeKimberlite Size
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Star Kimberlite Star Kimberlite GeologyGeology
••Detailed core logging by Shore / GSCDetailed core logging by Shore / GSC
••Sedimentology / StratigraphySedimentology / Stratigraphy
••Whole rock geochemistry (302 samples)Whole rock geochemistry (302 samples)
••GeochronologyGeochronology
••MicropaleontologyMicropaleontology
••HMA / indicator mineral chemistryHMA / indicator mineral chemistry
••Micro / macrodiamond studiesMicro / macrodiamond studies
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Star GeologyStar Geology
Batch 1Batch 1
Batch 5Batch 5
Batch 6Batch 6
Batch 7Batch 7
Batch 9Batch 9
Batch 10Batch 10
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Star Diamonds
Diamond mine Diamond mine economics dependent economics dependent on on GRADEGRADE (cpht) and (cpht) and
VALUEVALUE (US$/carat)(US$/carat)
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Economics
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142250.06Koffiefontein (SA)161100.15Kimberly (SA)19111.72Argyle (Australia)
Value / Tonne Value / Tonne (US$)(US$)
Value / Carat Value / Carat (US$/ct)(US$/ct)
Carats / Carats / TonneTonneMineMine
Economics
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1511511,700,000,0001,700,000,00011,200,00011,200,000CanadaCanada
71719,054,420,0009,054,420,000126,246,000126,246,000World totalWorld total
120450,400,0003,749,000All Others215322,340,0001,502,000Namibia137803,145,0005,871,000Angola
1011,144,655,00011,301,000South Africa
25496,310,00019,637,000Democratic Republic of Congo801,650,000,00020,500,000Russia11293,700,00026,070,000Australia832,193,870,00026,416,000Botswana
Unit Value Unit Value (US$/ct)(US$/ct)
Value of Value of Production (US$)Production (US$)CaratsCaratsCountryCountry
Economics
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Bulk SampleBulk Sample
Collect Collect 25,00025,000 tonnes of tonnes of kimberlite, to recover kimberlite, to recover
3,000 to 5,0003,000 to 5,000 carat carat diamond diamond parcel to determine parcel to determine
average average US$/caratUS$/carat valuevalue
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ShaftShaft
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••Currently at 250 m below surfaceCurrently at 250 m below surface••4.5 m concrete4.5 m concrete--lined shaftlined shaft
ShaftShaft
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175 m Lateral Drift175 m Lateral Drift175 & 235 m Lateral Drifts175 & 235 m Lateral Drifts
••Rock bolts, netting, shotcreteRock bolts, netting, shotcrete••Electrical substation Electrical substation ••LHD scooptram to muck driftLHD scooptram to muck drift
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175 m Lateral Drift175 m Lateral Drift
••Detailed geological mappingDetailed geological mapping
••Drilling ahead of driftingDrilling ahead of drifting
••Horizontal and angled holes Horizontal and angled holes
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Kimberlite StockpileKimberlite Stockpile
••Over 12,000 tonnes on surfaceOver 12,000 tonnes on surface
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Processing PlantProcessing Plant
••Primary feed binPrimary feed bin
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Processing PlantProcessing Plant
••Housed in heated CoverHoused in heated Cover--AllAll
••30 tph crush, scrub & screen30 tph crush, scrub & screen
••Two stage crush Two stage crush –– jaw & conejaw & cone
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Processing Plant Processing Plant -- DMSDMS
••10 tph DMS10 tph DMS
••XX--ray Flowray Flow--sortsort
••Grease tableGrease table
••Final recovery at secure facilityFinal recovery at secure facility
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DIAMONDS: DIAMONDS: FINAL RECOVERYFINAL RECOVERY
••XX--ray Flowray Flow--sort & Grease Table sort & Grease Table concentrates concentrates –– SGS LakefieldSGS Lakefield
••Grease table tails & DMS lights Grease table tails & DMS lights ––Rio Tinto’s TBMPLRio Tinto’s TBMPL
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Total:1010
9
7A
6
5
1
Batch Batch ##
7.019.739.73
9.35
12.36
6.96
4.95
1.58
Grade Grade (cpht)(cpht)
3,707681681
1,093
356
1,093
238
246
Number of Number of DiamondsDiamonds
1.101.1057.0657.06586.13586.13Shaft: 237 Shaft: 237 -- 250250
344.164,912.78
2.1491.98983.34Station: 230.4 - 235
2.8732.85265.83Shaft: 190.5 - 196.2
3.50130.681,878.06Shaft & Station: 171 - 190.5
2.6118.51373.90Shaft: 161.5 - 171
1.3013.08825.52Shaft: 107 - 131.4
Largest Largest Stone Stone
(carats)(carats)
TotalTotalCaratsCarats
Dry Dry TonnesTonnes
LocationLocationBelow SurfaceBelow Surface
INITIAL DIAMOND RECOVERIESINITIAL DIAMOND RECOVERIES
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INITIAL DIAMOND RECOVERIES INITIAL DIAMOND RECOVERIES HIGHLIGHTSHIGHLIGHTS
••3,355 Diamonds > 3,355 Diamonds > 1.18mm1.18mm
••338 carats > 1.18mm 344 carats > 0.85mm338 carats > 1.18mm 344 carats > 0.85mm
••33 Diamonds exceed 1 carat33 Diamonds exceed 1 carat
••88 Diamonds exceed 0.5 carat88 Diamonds exceed 0.5 carat
••80% White, 12% Off80% White, 12% Off--whitewhite
••24 Yellow, 21 Pink, 3 Green24 Yellow, 21 Pink, 3 Green
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DIAMONDSDIAMONDS
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DIAMONDSDIAMONDS
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DIAMONDSDIAMONDS
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DIAMONDSDIAMONDS
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PROJECT SUMMARYPROJECT SUMMARY
••100% Shore Gold (incl. marketing)100% Shore Gold (incl. marketing)
••Large diamondiferous kimberliteLarge diamondiferous kimberlite
••Potential for large ore volumePotential for large ore volume
••Potential for high value diamondsPotential for high value diamonds
••Project well advancedProject well advanced
••Exciting initial diamond resultsExciting initial diamond results
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Star Future?Star Future?
Orapa Diamond Mine 2002Orapa Diamond Mine 2002
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TRADING INFORMATIONTRADING INFORMATION
Shares Listed: Shares Listed: TSXV TSXV Symbol: Symbol: SGFSGF
Issued CapitalIssued Capital 50,333,29350,333,293
Fully Diluted CapitalFully Diluted Capital 61,394,42861,394,428
Market Capitalization @ $1.50/shareMarket Capitalization @ $1.50/share $92,091,642$92,091,642
Working CapitalWorking Capital $12,000,000$12,000,000
CORPORATE OFFICECORPORATE OFFICE
300 300 -- 224 4224 4thth Avenue SouthAvenue SouthSaskatoon, SK, S7K 5M5Saskatoon, SK, S7K 5M5Tel: (306) 664Tel: (306) 664--22022202Fax: (306) 664Fax: (306) 664--71817181
Email: Email: [email protected]@shoregold.comWeb: Web: www.shoregold.comwww.shoregold.com
OFFICERS & DIRECTORSOFFICERS & DIRECTORSKenneth E. MacNeill Kenneth E. MacNeill President,President, Chairman, CEO Chairman, CEO DirectorDirectorHarvey BayHarvey BayCFO, DirectorCFO, DirectorGarnet Schulhauser Garnet Schulhauser Corporate SecretaryCorporate SecretaryGeorge H. Read George H. Read VP ExplorationVP ExplorationGeorge Sanders George Sanders VP Corporate DevelopmentVP Corporate DevelopmentRonald G. Walker Ronald G. Walker DirectorDirectorArnie HillierArnie HillierDirectorDirectorNeil McMillan Neil McMillan DirectorDirectorBrian Menell Brian Menell DirectorDirector