caribbean gold — unigold’s neita property in the dominican republic - andrew m. cheatle, unigold...

T S X . V : U G D

Caribbean GoldDOMINICAN REPUBLIC

Caribbean GoldDOMINICAN REPUBLICDOMINICAN REPUBLICDOMINICAN REPUBLIC

CORPORATE PRESENTATION | MARCH 2014

Forward Looking Statements

Certain statements contained in this presentation, including statements regarding eventsand financial trends that may affect our future operating results, financial position andcash flows, may constitute forward‐looking statements within the meaning of the federalsecurities laws. These statements are based on our assumptions and estimates and arebj t t i k d t i tisubject to risk and uncertainties.

You can identify these forward‐looking statements by the use of words like “strategy”,“expects”, “plans”, “believes”, “will”, “estimates”, “intends”, “projects”, “goals”, “targets”,and other words of similar meaning. You can also identify them by the fact that they donot relate strictly to historical or current facts. We wish to caution you that sucht t t t i d j t di ti i i d th t t l t ltstatements contained are just predictions or opinions and that actual events or resultsmay differ materially.

The forward‐looking statements contained in this document are made as of the datehereof and we assume no obligation to update the forward‐looking statements, or toupdate the reasons why actual results could differ materially from those projected in thef d l ki Wh li bl l i h i f h fforward‐looking statements. Where applicable, we claim the protection of the safeharbour for forward‐looking statements provided by the (United States) PrivateSecurities Litigation Reform Act of 1995.

Core drilling is being done primarily with NQ. Samples are logged, split by wet diamondsaw, and half sent for assaying with the other half stored on site. Sample lengths

ll b b l l b d / l d dtypically average 1 m, but vary by geological boundaries. QA/QC included insertingcertified standards and blanks into the sample stream at industry standard intervals.Samples are prepped by ACME Analytical Labs in the Dominican Republic, with assayingperformed through ACME’s laboratory in Santiago, Chile. Analytical procedures include a36‐element ICP‐ES analysis (1E) and a 50 g FA AA finish for gold (G6‐50). Wes Hanson,P.Geo., COO Unigold, and a Qualified Person under National Instrument 43‐101, has

TSX.V: UGDUNIGOLDINC.COM

designed and supervised the program, and reviewed and approved the contents of thispress release.

2

530 000 bars The US Federal All the gold ever mined would530,000 bars – The US Federal Reserve holds (6,700 tonnes of gold)

All the gold ever mined would fit in a cube 21m by 21m by 21m

9 metres square – 1 ounce of  < 175,000 tonnes of gold has 

TSX.V: UGDUNIGOLDINC.COM

gold can be hammered into a single sheet 9 metres square. 

been mined since the beginning of civilisation.

Source: http://www.gold.org/history‐and‐facts/facts‐about‐goldTreasure Hunt

Gold Production

TSX.V: UGDUNIGOLDINC.COMMoab KhotsongSouth Africa

World gold production: ~2,700 tonnes / yr

TSX.V: UGDUNIGOLDINC.COM~85Moz / yr ‐

Gold Price

TSX.V: UGDUNIGOLDINC.COM

TSX.V: UGDUNIGOLDINC.COM

Annual demand of 2013: 3,756.1 tonnes (US$170bn) 

TSX.V: UGDUNIGOLDINC.COM

TSX.V: UGDUNIGOLDINC.COM Costs Risen to near gold price. >$30bn “written off” in last two years

Geology – A Case Study to Mineral ResourcesMineral Resources

• A few words…..• Four fundamental opportunities and risks in mining• Four fundamental opportunities and risks in mining

1. Geology – “PLEASE, GET IT RIGHT”2. Mining / Engineering3. Financing4. People

TSX.V: UGDUNIGOLDINC.COM

T S X . V : U G D

NEITA PROJECTDOMINICAN REPUBLIC

NEITA PROJECTDOMINICAN REPUBLICDOMINICAN REPUBLICDOMINICAN REPUBLIC

MARCH 2014

TSX.V: UGDUNIGOLDINC.COM

Second largest Caribbean nation: 48,442 km2

TSX.V: UGDUNIGOLDINC.COM

Population: ~10 million people

Democracy, with multi‐party political system

TSX.V: UGDUNIGOLDINC.COMFascinating History

9th largest economy in Latin America 

C ibb ' l t t i t d ti tiCaribbean's largest tourist destination

Economy: tourism, agriculture……mining

TSX.V: UGDUNIGOLDINC.COM

Economy:  + mining

TSX.V: UGDUNIGOLDINC.COM

Dominican Republic: Mining destination

• Mining Friendly Jurisdiction

• Well established Mining Laws

destination

Cerro de MaimonWell established Mining Laws 

• Mines in Operation:• Pueblo Viejo (Barrick/Goldcorp)• Cerro de Maimon (Perilya Ltd )

Falcondo• Cerro de Maimon (Perilya Ltd.) • Falcondo (Xtrata) 

• Exploration Projects:• Unigold Inc• Unigold Inc.• GoldQuest Mining Corp.• Precipitate Gold • Everton ResourcesEverton Resources

• Key industry for growing economy 

TSX.V: UGDUNIGOLDINC.COM 17

Pueblo Viejo

The Caribbean Plate

The Island of Hispaniola

Volcanic island arc;

NA plate is subducted under the Caribbean Plate;

Tireo Fm. Formed during the Lower Cretaceous (LC) through the Upper Cretaceous (UC);Cretaceous (UC);

The Tireo Fm. Represents the largest single period of volcanism in forming the

fisland of Hispaniola;

Caribbean plate is now moving due east, movement along most major faults is

TSX.V: UGDUNIGOLDINC.COM

along most major faults is now predominantly strike –slip;

Caribbean Plate (Nelson, 2011)2011)

TSX.V: UGDUNIGOLDINC.COM

Geology of Hispaniola

Geology of Hispaniola

Series of NW trending lithoSeries of NW trending litho-structural terranes;

Western portion of the DR and Haiti are largely unexplored by modern exploration methods;

Evolving mineral district –over 5 0 M ounces Auover 5.0 M ounces Au outlined since 2010.

TSX.V: UGDUNIGOLDINC.COM

Image modified from Mann et al,1991, An overview of the geologic and tectonic development of Hispaniola, Geological Society of America, Special Paper 262

Prospective Deposits

TSX.V: UGDUNIGOLDINC.COM

Mineral Concessions in DR

LEGEND

NeitaNeita

Newmont “LaMiel”

Tireo Mineralization Trend

GQC

PVJV

TSX.V: UGDUNIGOLDINC.COM 22

History

Year Company, work completed1960’s Mitsubishi – regional exploration evaluating porphyry Cug p g p p y y1980’s Rosario Dominicana – Gold focused regional exploration1987 BRGM – Candelones – Pre- Feasibility2002 Unigold2002 Unigold

Unigold Project work completed:

• 33,000 soil samples;

• 10,000 rock samples;

• 30,000 m of trenching and

• 100,000 m of diamond drilling

TSX.V: UGDUNIGOLDINC.COM

100,000 m of diamond drilling

MAG Neita Concession (RPT)

San Jose – Restauracion Thrust

Interpreted Faults

LEGEND

TSX.V: UGDUNIGOLDINC.COM

Interpreted Anticlinal Axis

Interpreted Synclinal Axis

Regional Geology - Neita

CandelonesUpper Tireo Fm

LEGEND

20km

Upper Tireo FmLower Tireo FmIntermediate IntrusivesTrois Rivieres Fm.Limestone

San Jose – Restauracion Thrust

Interpreted Faults

TSX.V: UGDUNIGOLDINC.COM

Interpreted Anticlinal Axis

Interpreted Synclinal Axis

GOLD: Multiple Targets to Test

Over 25,000 soil samples have been analyzed for gold, silver, pathfinders 25+pathfinders, 25+ high priority exploration targets

CANDELONES

20km

TSX.V: UGDUNIGOLDINC.COM 26

Neita Property: 25+ Gold Targets

TSX.V: UGDUNIGOLDINC.COM 27

Candelones Zone

J’J

J

TSX.V: UGDUNIGOLDINC.COM 28

Section: Candelones Extension

CANDELONES 

TSX.V: UGDUNIGOLDINC.COM 29

EXTENSION ZONE

SCALE 1:5000

Gold Grade with Depths

Candelones

20km

TSX.V: UGDUNIGOLDINC.COM

Candelones: 3 km of Mineralization DrilledDrilled

Candelones Extension

Connector

Candelones

TSX.V: UGDUNIGOLDINC.COM 31

Candelones Main

UNIGOLD – A Leading Explorer in the DRthe DR

• Canadian‐based growth‐oriented exploration company focused on its 100%‐owned 22 600 Ha Neita gold

• +25 gold, copper and zinc targets identified on property

100% owned 22,600 Ha Neita gold copper property in the Dominican Republic

• Results driven management team

• Strategic partnership with the International Finance Corporation (IFC) 

• Well funded – work plan continues into 2014 on multiple Gold‐Copper‐Zinc

• 2 Moz Gold Inferred Mineral Resource Estimate rapidly advanced (see slide 16)

2014 on multiple Gold‐Copper‐Zinc targets

Connector: 78 k  oz

3 km of mineralization

TSX.V: UGDUNIGOLDINC.COM 32

Main: 308 k oz Extension: 1, 630 k oz

NI 43-101 Compliant Resource EstimateEstimateAs at November 4, 2013

Source MineralizationType Deposit Tonnes

(x1,000)Au

(g/t)Au ozs(x 1,000)

StripRatio

Open Pit Oxide Extension - - - -Main 2,448 0.92 72 1.3Connector 1,108 1.12 40 1.3

Subtotal 3,556 0.98 112 1.3Sulphide Extension 24,223 1.59 1,241 7.6

M i 5 003 1 16 186 1 3Main 5,003 1.16 186 1.3Connector 980 1.08 34 1.3

Subtotal 30,206 1.50 1,461 6.4Subtotal 33,762 1.45 1,573 5.8Underground Sulphide Extension 4 977 2 42 387Underground Sulphide Extension 4,977 2.42 387

Main 704 2.21 50Connector 50 2.49 4

Subtotal 5,731 2.39 441ALL 39,493 1.59 2,014, ,NOTES1. The mineral resource estimate presented above has been prepared under the supervision of Mr. Alan J. San Martin, MAusIMM(CP) and Mr. William J.

Lewis (P.Geo.) of Micon International Limited., both of whom are "qualified persons" as per the CIM Standards and independent of Unigold Inc. The Effective date of the mineral resource estimate is November 4, 2013.

2. The mineral resource estimate presented above is classified as an Inferred Mineral Resource. The CIM Standards define a Mineral Resource as "a concentration of material in or on the Earth's crust in such form and quantity and of such grade or quality that it has reasonable prospects for economic

i " Th CIM S d d f h d fi I f d Mi l R " h f Mi l R f hi h i d d li

TSX.V: UGDUNIGOLDINC.COM

extraction." The CIM Standards further define an Inferred Mineral Resource as "that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonable assumed but not verified, geological and grade continuity." The CIM Standards state; "Due to the uncertainty that may be attached to Inferred Mineral Resources, it cannot be assumed that all or part of an Inferred Mineral Resource will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration."

33

Prospective Deposits

TSX.V: UGDUNIGOLDINC.COM

Colloform Banding

TSX.V: UGDUNIGOLDINC.COM

Collapsed Massive Sulphides

TSX.V: UGDUNIGOLDINC.COM

MetallurgyP iti I iti l R ltPositive Initial Results

Initial metallurgical test results d t tdemonstrate: • Gold, silver and base metal

recoveries of 85-90% to a clean sulphide concentratesulphide concentrate

• Including ~20% to gravity concentrate

Gold in Knelson Concentrate

TSX.V: UGDUNIGOLDINC.COM 37

PARTICLE 24 PARTICLE 9 PARTICLE 16

COPPER: Blue Sky Potential

Over 25,000 soil samples have been analyzedbeen analyzed for copper10km long anomalyanomaly

20km

TSX.V: UGDUNIGOLDINC.COM 38

The Copper Domain

Candelones

20kSan Jose – Restauracion Thrust

Interpreted Faults

Interpreted Anticlinal Axis

LEGEND

TSX.V: UGDUNIGOLDINC.COM

mInterpreted Anticlinal Axis

Interpreted Synclinal Axis

Copper (Au) Potential

Numerous malachite veins on property

TSX.V: UGDUNIGOLDINC.COM 40

Exciting New Gold-Copper Trend

TSX.V: UGDUNIGOLDINC.COM 41

Unigold CSR: Doing it right – from the first day we arrive

• Unigold is continually developing its Corporate S i l R ibili li i d i

the first day we arrive

Social Responsibility policies and practices.

• Health and Safety‐ Focused on Safe Discoveryy y

• Sustainability and Environment‐ Focused on Sustainable and Environmental ResponsibilitySustainable and Environmental Responsibility

• People and Communities‐ Focused on Discovering and Developing Local Talentand Developing Local Talent

• Business Ethics‐ Focused on Conducting Business Ethically

TSX.V: UGDUNIGOLDINC.COM

Ethically

42

School Donations: Uniforms and IT

TSX.V: UGDUNIGOLDINC.COM 43

Local Business Support

TSX.V: UGDUNIGOLDINC.COM 44

Local Skills Employment & Development

TSX.V: UGDUNIGOLDINC.COM 45

Local Skills Development

TSX.V: UGDUNIGOLDINC.COM 46

Corozo – Artisanal Workings

TSX.V: UGDUNIGOLDINC.COM

Executives and ManagementExperience. Results driven.

MANAGEMENTAndrew Cheatle, P.Geo., MBA, ARSMPresident & CEO

John Green, CMA, MBAS t & CFO

DIRECTORS

Secretary & CFO

Wes Hanson, P.Geo.COO

DIRECTORSJoseph Hamilton, P.Geo., CFA, ChairmanJose AceroRené Branchaud LLBRené Branchaud, LLBAndrew Cheatle, P.Geo., MBA, ARSMJoseph Del Campo, CMADaniel Danis, M.Sc., P.Geo.

TSX.V: UGDUNIGOLDINC.COM

Charles Page, M.Sc., P.Geo.

48

Work Plan 2014

Advance Candelones Metallurgical Work (Sample now at lab)

Advance Community Engagement and Environmental Monitoringat lab)

Develop Targets and drill for new discovery (Field crews on the ground)

Monitoring

Advancement of Candelones (PEA decision)

ground)

TSX.V: UGDUNIGOLDINC.COM 49

Investment Opportunity

Proven Management Discovered, advanced, constructed and operated projects globally. Results driven

Stable Jurisdiction Expanding Mining Sector in Dominican Republic. Established Mining Law

Momentum / Financeable $20M raised since Jan 2012.

Merit Significant new discovery and expansion. Key landholding in new Au/Cu ‘trend’g

Endowment Exceptional geology-large VMS / Epithermal Au/Cu system

Scalability 25+ exploration targets Gold/Copper & ZincScalability 25+ exploration targets. Gold/Copper & Zinc. Extensive technical database

Credibility IFC Financing. Technical, Community and Environmental Due Diligence

TSX.V: UGDUNIGOLDINC.COM

Environmental Due Diligence

50

T S X . V : U G D

C t t C t t Contact informationContact informationAndrew Cheatle, President & CEOAmanda Dillon Investor Relations

504-44 Victoria StreetToronto ON M5C 1Y2 Canada

informationinformation

Amanda Dillon, Investor Relations Toronto ON M5C 1Y2 Canada416.866.8157unigold@unigoldinc.comunigoldinc.com