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1 Building shareholder value through the discovery and development of gold, base metal and uranium deposits in emerging mineral districts MJX-TSXV 2013 BUSINESS DEVELOPMENT S TRATEGY
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Building shareholder value through the discovery and ...edg1.precisionir.com/companyspotlight/NA016539/Majescor2013Bu… · This presentation may contain or refer to certain forward-looking

May 23, 2020

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Page 1: Building shareholder value through the discovery and ...edg1.precisionir.com/companyspotlight/NA016539/Majescor2013Bu… · This presentation may contain or refer to certain forward-looking

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Building shareholder value through the discovery and development of gold, base metal and uranium deposits in emerging mineral districts

MJX-TSXV

2013 BUSINESS DEVELOPMENT

STRATEGY

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DISCLAIMER 2

Forward-Looking Statement This presentation may contain or refer to certain forward-looking statements subject to certain risks and uncertainties. These statements are based on information currently available to Majescor and the Company provide no assurance that actual results will meet the stated expectations. Forward-looking statements include estimates and statements that describe the Companies’ future development plans, objectives or goals, including words to the effect that expect a stated condition or result to occur. Forward-looking statements may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, capital costs, commodities market trends and new opportunities and prospects could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this presentation. This list is not exhaustive of the factors that may affect any of Majescor’s forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company’s forward-looking statements. Majescor does not undertake to update any forward-looking statement that may be made from time to time by its management or on its behalf, except in accordance with applicable public disclosure rules and regulations.

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ABOUT MAJESCOR

Majescor is a junior explorer focusing on emerging mineral districts. The company’s current primary focus is on their Haiti Gold-Copper property;

On July 29, 2010, the Company announced the acquisition of all of the remaining issued and outstanding common shares of SACG giving Majescor approximately 62% interest in the property.

Majescor currently owns 100% of SACG who hold title to 78% of all the issued and outstanding shares of SOMINE SA, a company incorporated under the laws of the Republic of Haiti. SOMINE SA’s principal asset is its 100%-owned SOMINE copper-gold Property, located in the North-East mineral district of

Haiti.

Majescor's project portfolio also includes;

One uranium exploration project in Quebec: Mistassini (Joint Venture; 40% Majescor and 60% Strateco Resources Inc.)

Majescor owns 100% mineral rights to one gold and base metal property in Madagascar (under option to Sunridge Gold Corp.)

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MANAGEMENT 4

Directors and Officers

Daniel F. Hachey: President & CEO, Director C. Tucker Barrie, Ph.D.: VP Exploration & Director Khadija Abounaim: CFO and Corporate Secretary Anthony Giovinazzo: Chair, Audit Committee & Director Marc-André Bernier: Director

Advisers

Marc Boivin: Consultant – Geophysics Frank Mariage: Legal Counsel – Fasken Martineau

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2012 HIGHLIGHTS 5

Leading exploration project in Haiti

Copper and Gold prospects

Sound capital structure:

75 million shares outstanding

104 million fully diluted

Why the timing is right in Haiti:

The recent earthquake in Haiti did not affect Majescor’s property

The newly elected government of Mickey Martelli is pro-business and focused on the mining industry as a pillar of economic evolution

Mining interests surrounding Majescor’s Haitian property:

Newmont (via Eurasian) has spent $30 million over 6 years on their neighboring properties

One of the world’s largest gold deposits (Barrick’s Pueblo Viejo in the Dominican Republic) is across the border from Majescor’s property

Infrastructure in Haiti:

Majesor’s property is near Cape Haitien, Haiti’s second largest , a deep water port at Caracol (~10 km away) and a paved highway to the DR that abuts our project

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DANIEL F. HACHEY,B.SC.,MBA

PRESIDENT AND CEO 6

Appointed President and CEO of Majescor on February 11, 2010

Investment banking background with over 24 years of experience in the capital markets, largely in the area of public equity financings and private placements

Extensive experience and knowledge of the venture capital market and of the junior resource industry

Mr. Hachey has held senior investment banking positions with a number of firms, and has worked in Toronto, New York and Montreal

Notable financings: Glamis Gold Ltd. , Wheaton River Minerals (both acquired by Goldcorp Inc.); Canico Resource Corp. (acquired by CVRD); as well as many other companies in various industries including mining, oil & gas, forest products and technology

Board of Directors positions with both public (NASDAQ, AMEX, TSX and TSX-V) and private companies

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7 SOMINE CU-AU PROJECT

REPUBLIC OF HAITI

Majescor and SACG hold a significant land position with demonstrated Cu-Au potential in one of the few remaining emerging mineral districts of the

Americas.

The SOMINE Property lies within a highly prospective Mesozoic-Cenozoic volcanic-intrusive arc trend which contains numerous epithermal gold and porphyry copper occurrences in Haiti, as well as the World-Class Pueblo Viejo gold-copper mine in the adjacent Dominican Republic

Three historical Cu-Au prospects with potential for resource estimate upgrades

Over 6,000 metres of recent drilling with impressive results

Impressive drill results at Douvray including_0.78%_Cu over 295m

Significant gold results at Faille B: 77 g/t Au over 10.5m

NI 43-101 technical report showing a resource of 190m t of 0.3% Cu

New Exploitation Permits granted in Dec. 2012 – First in the country’s history

Strategic land position - The only competitor in the region is Newmont

Newmont has spent $30 Million in exploration via Eurasian JV in the area (Majescor’s property is in the middle of these claims)

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“T H E S O M I N E P R O P E R T Y C O V E R S FAV O U R A B L E V O L C A N I C A N D I N T R U S I V E R O C K S O F T H E M A S S I F D U N O R D S U B - T E R R A N E , A N D C O N TA I N S T H R E E P R O S P E C T S : T H E B L O N D I N A N D D O U V R AY P O R P H Y R Y C O P P E R D E P O S I T S A N D T H E FA I L L E B Q U A R T Z V E I N G O L D P R O S P E C T. T H E R E I S S T R O N G E V I D E N C E T H AT T H E P O R P H Y R Y C O P P E R M I N E R A L I Z AT I O N C O N T I N U E S PA S T T H E A R E A S P R E V I O U S LY D R I L L E D A D J A C E N T TO T H E D O U V R AY D E P O S I T, A N D T H AT A L L T H R E E P R O S P E C T S A R E FAV O U R A B L E F O R D E F I N I T I O N A N D E X PA N S I O N O F B A S E A N D P R E C I O U S M E TA L R E S O U R C E S .”

C .T. B ARR IE , P.G EO . , P H .D .

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* Historical, Non NI 43-101 compliant estimates

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SOMINE PROPERTY LOCATION

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SOMINE Concession, NE Haiti: Location and regional geology 10

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Map of Hispaniola 11

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New Copper Showings in 2009 10 km long by up to 3.5 km wide copper-bearing corridor outlined through geological compilation work and new systematic surface outcrop sampling

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New Gold Showings outlined on the SOMINE property in 2009 Grosse-Veine: 71 g/t Au Up to 5.80% Cu

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Blondin

Douvray

Faille B

SOMINE CONCESSION, NE HAITI

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The SOMINE project covers 10 km of a min. 16 km-long band of Cu (+/- precious metals) bearing tertiary volcanics and intrusives

This band is part of a major NW-trending tectonic corridor which extends to the SE all the way to the border with the DR (min. 90 km). This corridor hosts one of the few remaining underexplored porphyry copper systems in the Americas

Host to the Blondin and Douvray Cu prospects (1974)

includes Epithermal Au-Cu mineralisation (Faille B; Vein 37)

Douvray and Faille B are the only 2 prospects to have been the subject of advanced exploration work

Majescor has devised a new exploration program to fast-track the development of the SOMINE project in 2012

6,500 m core drilling program aimed primarily at Douvray

New technical studies on Faille B and Douvray by AECOM Inc.

NI 43-101 resource estimate on Douvray showing 190mm t of 0.3% Cu

Geology, Mineralisation

& Exploration Work 15

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17 holes (6,029.8 m) completed at Douvray to date

Hole D-001 (target: top end)

0.50 % Cu, 1.47 g/t Ag & 0.06 g/t Au over 231 m

Hole D-002 (target: top end)

0.78 % Cu, 0.10 g/t Au, 2.82 g/t Ag & 0.005 ppm Mo over 295.1 m

Hole D-005 (target: top end): 0.60 % Cu over 212.80 m

Hole D-008 (target: SE extension)

0.232 % Cu over 422.60 m, the longest Cu intercept on the SOMINE project to date

Hole D-009 (target: E margin)

0.68 % Cu, 0.40 g/t Au, 3.27 g/t Ag & 80 ppm Mo over 106.6 m

Hole D-012 (target: top SE end)

0.25% Cu, 0.72 g/t Ag, 0.03 g/t Au & 9.21 ppm Mo over 294 m

Douvray: 2011-2012

Drilling Highlights 16

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Douvray: 17 new Core

Dr i l l Holes

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Douvray: Cu grade distribution model

(2012) 18

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Douv ray :

3 -D Cu

g rade

d i s t r i bu t i on

mode l ( 2012 )

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Douvray: 3-D Cu grade distribution model

(2012)

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The Faille B gold prospect is located 1.8 km to The south of the Douvray Cu-Au prospect. The quartz vein hosted gold prospect was discovered by the UNDP in 1983 and was drill tested between September 1985 and May 1987 (the UNDP also excavated >15 trenches across the strike of the quartz-gold vein system).

A total of 31 drill holes (3,186 m) tested the Faille B gold prospect and host shear structure over a strike length of 1.8 km using a hole spacing of between 60-250m. Subsequent drill holes were positioned in intermediate locations to test lateral and vertical continuity or to improve gold grade data for the purpose of calculating a preliminary resource estimate for the “Central Zone”. The drilling and trenching revealed that the Faille B gold-bearing structure is exposed at surface for ~300 m along a NW strike, and up to 100 m across strike, and is open along strike and at depth. In Late 2009, SOMINE SA completed nine (9) additional core drill holes (total: 935 m) at Faille B. The drilling was designed to test the western extension of the gold mineralization outlined previously by the UNDP. Drill hole FB-09-09 returned a significant intersection of 77 g/t Au uncut over 10.5 m.

In July 2012, Majescor drilled four (4) new drill holes at the Central Zone at Faille B. The new holes will have been systematically assayed for precious and base metals and other trace elements.

Faille B: History and

2012 Testing 21

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Faille B vein Au-Cu prospect 22

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2013

Award by the BME of two Mining Exploitation Permits (Dec 2012)

New NI 43-101 resource estimate for Douvray (Feb 2013)

190 million tons of 0.3% Cu

Start of a new min. 10 000 m core drilling program targeting Douvray, Blondin, Faille B and Dos Rada

Main Objectives: replicate significant historical drilling and expand tonnage within the porphyry system (depth and along strike) to over 400 Mt

First NI 43-101 resource estimate on Faille B & Blondin

NI 43-101 Scoping Study on Douvray

Improved metallurgical testing on Faille B & Douvray

Start of full Environmental and Social impact studies

2012-2013 Exploration

Strategy 23

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MAJESCOR

CORPORATE PROFILE

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Symbol: MJX- TSXV

Close (Jan 26/13): $0.065

Price (52 week hi/low): $0.30 – $0.055

Shares Outstanding (Jan 29/13): 74,744,410

Shares Fully Diluted: 104,177,010

Website: www.majescor.com

Auditor: Raymond Chabot Grant Thornton LLP

Legal: Fasken Martineau DuMoulin

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FOR MORE INFORMATION ON

MAJESCOR

To find out more about Majescor Resources Inc. (TSX-V: MJX), please visit our website at www.majescor.com, or contact us directly at:

Daniel F. Hachey

President & CEO

Majescor Resources Inc.

[email protected]

Tel: 905.206.1604

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26 THANK YOU