proyecto igor
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Proyecto Igor geologia economicaTRANSCRIPT
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ProExplo, Lima - Per May 20, 2013
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Except for the statements of historical fact contained herein, the information presented constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the
Company to be materially different from any future results, performance or achievements expressed or implied by such
forward-looking statements.
Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may
be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated and Inferred Resources:
This presentation uses the terms Measured, Indicated and Inferred Resources. U.S. investors are advised that while such terms are recognized and required by Canadian regulations, the Securities and Exchange Commission does not recognize
them. Inferred Resources have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred resource will ever be upgraded to a higher category.
Under Canadian rules, estimates of Inferred Resources may not form the basis of feasibility or other economic studies. U.S.
investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or
legally minable.
The technical information contained in this presentation has been reviewed and approved by Warren Pratt (CGEO), a Director
of Sienna Gold, who is a Qualified Person as the term is defined in NI 43-101.
Forward Looking Statements and Cautionary Notes
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#1 Gold producer in
Latin America
#6 Gold producer in
the World
#3 Silver producer
in the World
#3 Copper producer
in the World
#3 Zinc producer in
the World
Mining Culture
and Tradition
Barrick Gold Corp Newmont Mining BHP Billiton Xstrata Buenaventura Hochschild Gold Fields Anglo American Teck Rio Tinto
Source: U. S. Geological Survey USGS 2012
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Per: A Dominant Player in the Global Mining Community
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Lagunas Norte
La Arena
Pierina
Source: Company reports
Largest gold producer in Latin America One of the most profitable gold mines in the world 691,000 ounces produced in 2012; $505/oz
Yanacocha
Feasibility study completed Production slated for 90,000 ounce/yr, 2014 Gold Eq resources: 5.4Moz
Shahuindo (Sulliden)
Largest gold discovery in the last decade 2013 (P) production of 560,000 ounces, $400/oz
Lagunas Norte (Barrick)
Jr. Mining success: $145MC/resource ounce 201,000 ounces produced in 2012 Gold resources: 6.1 Moz
La Arena (Rio Alto)
One of the principal gold producers in Per 2010 production: 191,000 ounces
Pierina (Barrick)
Yanacocha
Shahuindo
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Igor: Heart of the Northern Per Gold Belt
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Igor Project Regional Geology
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Folded and steeply dipping Chimu Formation arenites and shales
Igor Project - Principal Lithologies
Quartz-sericite altered dacite porphyry with stockwork and sheeted veins
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Oxide gold/silver mineralization
in drill hole CA-11-06: 163.0 to
164.5 metres grading
6.3 gpt gold and 31.9 gpt silver
(11.3 m @ 3.9 gpt Au and 46 gpt Ag)
High-grade mixed oxide/sulphide silver
mineralization in drill hole CA-11-11:
195.9 to 196.5 metres grading 1.6 gpt
gold and 3995 gpt silver
(39 m @ 0.4 gpt Au and 230 gpt Ag)
Igor Project: Mineralization
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Pervasively quartz-sericite-pyrite
altered dacite porphyry
Sulfide matrix pebble dike with
clasts of altered porphyry
Igor Project Deep Porphyry Potential
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Tesoros Exploratory
Drilling
2763.20 m
Pre-2010 Drilling
Callanquitas Igor 2007 - 2008
849.00 m
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Domo Exploratory
Drilling
631.00 m
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Depth (m) Interval
(m)
Weighted Average
Au (g/t) Ag (g/t) Cu %
Total 12.3 to 230.7 218.4 0.6 22.3
Best
Intervals 66.6 to 100.3 33.7 1.8 34.4
including 66.6 to 93.9 27.3 2.1 35.4
including 67.7 to 70.0 2.3 3.2 44.8
INCLUDING 86.9 TO 90.7 3.8 7.0 74.7
144.9 to 157.9 13.0 1.0 127.3 0.019
INCLUDING 145.2 TO 145.6 0.4 1.9 334.0
INCLUDING 154.4 TO 157.9 3.5 2.2 349.8
EOH 228.7 to 230.7 2.0 1.7 61.8 0.440
CA01b Assay Results: 2008 Discovery Hole
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The objective of the 2010 2011 drill campaign was to test the potential of
the Callanquitas near surface
epithermal gold silver mineralization, open laterally and at
depth.
Domo
Tesoros
Callanquitas
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2010-2011 Drill Campaign
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Access road showing the extreme terrain
typical of the project
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Igor Project
Callanquitas Structure
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Gold in historic rock chip sampling guided
initial drilling
Note strong north-south trend in high
grade samples
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Igor Project
Callanquitas Structure
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Initial Drilling 2010 2011:2500 m showing
mineralized intersections in
CA-10-01 to CA-11-05
The drill holes help define a north-south mineralized zone
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Igor Project
Callanquitas Structure
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2010-2011 drilling & sampling shows a
north-south mineralized
zone, about 1.2 km long
and 100-200 m wide
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Igor Project
Callanquitas Structure
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A total of 1808.7 m was drilled in three additional
holes to test the new
geological model
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Igor Project
Callanquitas Structure
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Eight key drill holes (a total of 4235 m) and
significant intercepts
Note consistent grade and width along the
length of the structure
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CA-11-07 10.3 m @ 4.2 g/t gold
and
39.3 g/t silver CA-11-08
3.85 m @ 13.1 g/t
gold and 2112.7 g/t
silver
CA-11-05
24 m @ 0.8 g/t gold
and
134.9 g/t silver
CA-10-02
8m @ 1.8g/t gold
and
21.1g/t silver
CA-10-06
11.3m @ 3.9g/t gold
and 45.4 g/t silver
90
0 m
ete
rs
Igor Project
Callanquitas Structure
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Gold results from recent samples along the
Callanquitas Structure
Gold up to 61.4 g/t (1.97 oz/t) and silver values up to
1019 g/t (32.76 oz/t)
High Grade
Surface,
Channel
and Adit
Samples
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Igor Project
Callanquitas Structure
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Exploration to date: 73 drill holes on 50
m spaced sections
for a total of 19,159
metres
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Igor Project
Callanquitas Structure
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Significant intercepts Plan view
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Igor Project
Callanquitas Structure
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SECTION NW4690
Currently contains seven
scissorholes:
CA-11-08 CA-12-29 CA-12-30 CA-12-31 CA-12-43 CA-12-44 CA-12-68
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Igor Project
Callanquitas Structure
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Section NW 4690 shows excellent vertical continuity with
mineralization extending over 400 m
Local zones of higher grade mineralization may define specific
clavos: 3.1 metres grading 38.5 gpt gold and 194 gpt silver in drill hole
CA-12-30
Thickness of mineralized zones may allow for low cost mechanized
underground mining
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Igor Project
Callanquitas Structure
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Resource Estimate Highlights
Inferred Mineral Resource Estimate of 7.2 million tonnes grading 1.94 grams per tonne (g/t) gold and 71.8 g/t silver, which equates to 3.16 gold equivalent (Au Eq*)
g/t using a cut-off grade of 1.5 Au Eq* g/t
Approximately 448,500 ounces of gold and 16,600,000 ounces of silver which equate to approximately 730,500 Au Eq* ounces
The Callanquitas Structure remains open along strike and at depth
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Callanquitas Resource Estimate
Cut-Off
Au Eq (g/t)
Tonnes
(kt)
Au Eq
(g/t)*
Au
(g/t)
Ag
(g/t)
Contained Au
(koz)
Contained Ag
(Moz)
Contained Au
Eq (koz)*
0.5 11,291 2.39 1.47 53.8 535.0 19.5 866.9
1 9,486 2.70 1.67 60.5 508.6 18.4 822.1
1.5 7,189 3.16 1.94 71.8 448.5 16.6 730.5
2 5,460 3.61 2.19 83.7 384.6 14.7 634.3
2.5 3,992 4.11 2.45 98.2 313.9 12.6 528.1
3 2,730 4.75 2.73 119.1 239.4 10.5 417.1
*Au Eq = Au + (Ag*0.017) based on a gold price of US$1500/oz and a silver price of US$25/oz (a ratio of 60:1)
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Please see : Technical Report on the Callanquitas Structure, Igor Mine Project, Northern Peru, South America, NI 43-101 Technical Report dated 14 December, 2012. The technical report has been filed on SEDAR and is available on the Companys web site. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
There is no certainty that all or any part of the mineral resource will be converted into mineral reserves.
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Open
Open Open
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Callanquitas Long Section
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Domo 9
00
m
Igor Exploration Potential
8 km of untested
structures
Note area occupied by
current resource
versus untested
ground
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Tesoros
Callanquitas
Callanquitas Step-out
Portachuelo
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Total Expenditure (Administration and Exploration)
to Define Targeted 730,000 oz Gold Equivalent
Inferred Resource:
Approx US$10MM
Discovery Cost per oz Gold Equivalent ~ US$14
Discovery Cost
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Topography favors simple ramp to bottom of deposit, potential low Capex
Low cost, underground mining possible
Callanquitas Structure Development Potential
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Highly oxidized Au-Ag mineralization
Competent HW and FW may allow low
dilution UG mining
Callanquitas Structure Development Potential
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Sienna Gold: The Path Forward
Commence 20,000+ metre staged drilling program: Drill Callanquitas Structure area for resource expansion
Test South extension of Callanquitas Structure, expand resource to south
Begin drill evaluation of Domo and Tesoros targets
Second Phase drilling to begin late 2013
Begin focused community enhancement program, sustainable engagement of all stakeholders
Aggressive marketing: Define the Sienna story with measurable benchmarks
Timeline:
Update Project resource estimate, Q4 2013
PEA H1 2014
Goal: Deliver results on time, build the resource, establish economics - a proven formula for wealth creation
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Key Value Drivers
New, experienced management team who can execute the formula for success
High quality project, poised for resource expansion, with the potential for a low-Capex, low-cost, production profile
Excellent jurisdiction: Prolific production in a country with mining tradition. Three projects approved in last
quarter alone
Strong Board support and knowledge of working in Per
Sienna poised for significant revaluation in the market
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Contact info:
Suite 1500 701 W. Georgia St, Vancouver, B.C.
Canada V7Y 1C6
Office: +1-604-601-3441
Contact: Kimberly Ann, VP Corporate
Development
+1-530-414-4400
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Mr. Brian Maher, President, CEO and Director: Mr. Maher is an economic geologist with over 34 years of experience in the international mining and exploration industry. Most recently, Mr. Maher was the President, CEO and Director of Prodigy Gold Inc. Mr. Maher received his BA degree (Geology) from the
California State University, Chico in 1980 and his MSc. degree (Economic Geology) from Colorado State University in 1983. In 1982, Mr. Maher began a 16-year career
with ASARCO Inc. Mr. Maher initiated, designed and supervised exploration programs for gold and copper deposits in a variety of geologic environments throughout
North and South America. From 1998 through 2002, Mr. Maher operated a successful geologic consulting business, emphasizing geologic modeling, resource
estimation and business planning, to multiple junior, mid-size and large mining organizations. Between 2002 and 2004 Mr. Maher was Project Manager for Metallic
Ventures Gold Inc., supervising underground and surface exploration, mine development and operations at an underground gold mine in Nevada. In 2005, Mr. Maher
joined Hochschild Mining PLC. At Hochschild, Mr. Maher was involved in all aspects of the company's North American exploration program, serving as the Exploration
Manager for the US, Canada and Mexico. Responsibilities at Hochschild included supervision of exploration and mine development programs, economic analysis of
acquisition candidates and developing new corporate strategies.
Mr. Tony Wood, CFO: For over fifteen years Mr. Wood has held executive positions in finance and operations with a number of publicly traded international mining and exploration companies. Most recently, Mr. Wood was CFO for Prodigy Gold Inc., helping the company grow from a $25M market cap company to an
eventual buy-out by Argonaut Gold for $341M. Diverse expertise in all aspects of compliance, corporate governance and operations, Tony's experience covers projects
in North and South America and Europe, across a wide range of targets that include precious and base metals, diamonds and uranium. His past roles have
encompassed responsibility for planning and execution of mining and exploration projects, the development of corporate cultures that embrace strong financial and
regulatory compliance and he has been a key component in corporate development and financing activities. Mr. Wood received his Chartered Accountant designation
while with KPMG, in the City of London and then again in Canada, having previously attained a B.Sc. (Honours) in Management Sciences from Lancaster University,
England, in 1989.
Ms. Kimberly Ann, Vice President - Corporate Development: Ms. Kimberly Ann is a corporate development and communications specialist with over 20 years marketing experience in branding, investor relations and finance. In the past three years, Kimberly Ann has assisted in raising over $90M in equity
financing and directed three major junior mining rebranding projects. While at Prodigy Gold, Kimberly Ann was responsible for all aspects of the company's corporate
communication program, facilitating equity financings, generating analyst coverage, participating in key aspects of corporate M&A activities and generating widespread
recognition of the company's successful transition from explorer to mine developer. Kimberly Ann has broad experience in coordinating and leading road shows,
managing portfolio manager and analyst contacts, and building company recognition by presenting concise, growth-oriented business plans. Kimberly Ann attended the
University of Washington, majoring in Business and Marketing
Owen D. W. Miller, PhD, Exploration Manager: Graduate of Aberdeen University (BSc Geology and Mineralogy, 1989; PhD on precious and porphyry copper mineralization in North Wales, 1993). Based in Latin America since 1994, Dr. Miller acquired extensive experience in epithermal and porphyry style systems with
such major companies as Newcrest, MIM, and Barrick. In 2000 he set up his own consulting company specializing in project evaluation and the application of GIS and
database technologies to the exploration industry. After consulting for a year he joined Sienna fulltime in 2011.
Management Biographies
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Mr. Jorge Benavides, Chairman of the Board of Directors: Mr. Benavides has over 30 years experience in the mining industry and is currently President, CEO and Director of Zincore Metals Inc, a Peruvian-focused base metal exploration and mine development company. Prior to joining
Zincore , Jorge was an independent consultant and Senior Advisor to the Chairman of Hochschild Mining PLC. He was with Hochschild from 2001 through
2008, guiding the Company's exploration programs and was a key member of the senior executive team that oversaw Hochschild 's rapid growth into one of
the world's premier silver mining companies. Prior to Hochschild, Jorge spent eight years working for Phelps Dodge Mining Company in South America,
including serving as Exploration Manager for the Andean Region. Jorge is currently on the Board of Directors of ECI Exploration and Mining Inc. and
Pembrook Mining Corp., both private Canadian exploration companies. Mr. Benavides holds a M.Sc. in Ore Deposits and Exploration from Stanford
University and a B.Sc. in Geological Engineering from the Colorado School of Mines.
Mr. Brian Maher, President, CEO and Director: See management bio.
Luis-Felipe Arizmendi E.: Mr. Arizmendi former Chairman and CEO of Grupo Privado de Inversiones Valores S.A., a Peruvian investment banking firm where he was responsible for the funding and support of Sienna in its last three financings. He brings a thorough understanding of the
investment and banking side to the Board of the Company, and joins the Company with a view helping to solidify the Company's capital structure and
moving the Igor Project through feasibility to production. At the present time he is also Chairman of the Board of the Peruvian Brokers Association (ASAB
Peru),as well holding senior positions as advisor and board member of many societies in Peru.
Rafael E. Romero, Romero Group: Rafael E. Romero, was born and raised in Peru and was educated in North America, at Northeastern University. He is presently a senior executive and bank officer at Credicorp (NYSE: BAP) with experience in loans and new projects analysis as well as
expertise of the import/export business. Mr. Romero currently manages that bank's personal banking department. He brings over 19 years of experience in
Peruvian banking plus other related businesses as part of the Romero Group of companies where he has helped form of several successful companies
D. Richard Skeith, Lawyer, Norton Rose Canada: Mr. Skeith has over 30 years experience as a solicitor advising a variety of private and public corporations. In addition he has been or is currently a director or officer of a number of public and private companies in the oil and gas exploration and
development and services sectors, in mining, biotechnology, real estate and telecommunications.
Director Biographies
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Warren Pratt, PhD, CGeol.: Bilingual Consulting Geologist (BSc Geology Hull, 1986; PhD Structural Geology, University of Wales, 1990). Strong mapping background and in 1994 won the President's Award of the Geological Society of London for detailed thematic mapping. Extensive International
experience. In recent years he has consulted at several World Class discoveries, including La Bodega (Ventana Gold, Colombia), Regalito (Lumina, Chile), El
Galeno (Lumina, Peru), Navidad (Pan American Silver, Argentina), and.Taca Taca (Lumina, Argentina).
Andrew S Burgess, Chairman Audit Committee: Mr. Burgess has a B. Comm (Hons) degree from the University of Manitoba and is a Chartered Accountant (Alberta) and Certified Public Accountant (Illinois). He has been director and officer in several listed mineral exploration and mining
companies including Consolidated Brinco Ltd., Western Canadian Mining Corporation, Sulphurets Gold Corporation, Dominion Explorers Inc., Ecstall Mining
Corporation, United Tex-Sol Mines Ltd., Sienna Gold Corporation and Spectrum Mining Corporation. These companies have been involved in the mining of
asbestos and coal and the exploration for Cu, Au, Pb, Ag and REE. Projects include the Quinsam coal mine, the Kerr/Sulphurets Cu/Au porphyry deposit, the
Croinor Au deposit, the Akie sedex hosted Pb-Zn deposit, the Clavos Au deposit, and the Wicheeda REE deposit.
Declan B. Livesey, P. Eng., PhD.: Independent Engineering Consultant (PhD Mining Wales, 1974). Dr Livesey has over 30 years experience in the mining and oil and gas industries. He has held a number of management positions within major resource companies including VP Operations and Engineering
with a major US corporation.
Charles Littlejohn, JD.:: Mr. Littlejohn graduated from the University of Western Ontario in 1969 with a Bachelor of Arts degree. He also holds a law degree (J.D. cum laude) from the Southern California Institute of Law. Over the past 40 years he has been a founder and director of numerous companies,
including a mutual fund management company. He has also taught classes in International Law at a California law school. He has a keen interest in geology,
with considerable experience in PGE metals plus gold and cobalt deposits in Northern Ontario. He is a major shareholder of Sienna Gold, Inc. and has raised
hundreds of thousands of dollars for the companys exploration programs.
Director Biographies
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