The Storø Gold Project - greenlandgreenlandresources.ca/.../10/STORO_Presentation... · The Storø Gold Project For$Further$Informaon:$$ GREENLAND$RESOURCES$Inc.$ 80$RICHMOND$ST.$WEST$SUITE$507,$TORONTO,$ONTARIO$M5H2A4,$CANADA$$

The Storø Gold Project

For Further Informa.on: GREENLAND RESOURCES Inc. 80 RICHMOND ST. WEST SUITE 507, TORONTO, ONTARIO M5H 2A4, CANADA TYCHO JESSENS VEJ 14A, DK 3100, HORNBAEK, DENMARK WWW.GREENLANDRESOURCES.CA

Forward Looking Statements Except for the statements of historical fact contained herein, the informa.on presented cons.tutes “forward-‐looking statements” within the meaning of the Private Securi.es Li.ga.on Reform Act of 1995. Such forward-‐looking statements involve known and unknown risks, uncertain.es 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 aaempted to iden.fy important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as an.cipated, es.mated 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 an.cipated in such statements. Accordingly, readers should not place undue reliance on forward-‐looking statements.

Cau.onary Note to U.S. Investors Concerning Es.mates of Measured, Indicated and Inferred Resources: This presenta.on may use the terms “Measured”, “Indicated” and “Inferred” Resources. U.S. investors are advised that while such terms are recognized and required by Canadian regula.ons, the Securi.es 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, es.mates of Inferred Resources may not form the basis of feasibility or other economic studies. U.S. investors are cau.oned not to assume that all or any part of Measured or Indicated Resources will ever be converted into reserves. U.S. investors are also cau.oned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.

Jesper Koefoed of Greenland Resources Inc. is a “qualified person” within the meaning of such term as set forth in Qualified Person by the Fennoscandian Review Board, has verified and supervised the prepara.on of all of the scien.fic and technical informa.on contained in corporate presenta.on.

October 2014 Greenland Resources Inc. All Rights Reserved. 2

Investment Highlights LOCATED IN GREENLAND •  Over US$12M invested with more than 15km drilled in 86 drill holes •  The Fraser Ins.tute ranked Greenland as the #1 area with highest global mineral poten.al •  Located 40 km NE of Nuuk, near London Mining, North American Nickel and Hudson Resources •  100 % interest debt free on the most advanced gold explora.on project in Greenland •  License 2014/11 with an area of 49km2 comprising two gold prospects, Storø and Qussuk •  The Qussuk prospect is located back to back to London Mining mul.billion dollar Isua project •  Greenland is an autonomous territory within the kingdom of Denmark

FOCUS IS ON GOLD •  Gold intercepts include [email protected] g/t Au, [email protected] g/t Au, [email protected] g/t Au , 10.0m @15.02 g/t Au •  Independent valua.on Report of US$11.7M (SRK Sweden, April 2012) •  NI 43-‐101 Technical Report dated July 30, 2014 produced by SRK Consul.ng (Sweden) •  34 of 86 drill holes intersect visible gold •  Climate allows for nearly year-‐round mining and shipping

PROPOSED WORK •  Establish strategic partners to acquire more proper.es in Greenland •  US$3 million work program to drill 5,000m •  Mining Scoping Study

EXPERIENCED MANAGEMENT TEAM WITH PROVEN TRACK RECORD •  Team with significant mining and finance exper.se in Greenland and interna.onal


Team Ruben Shiffman, Execu1ve Chairman (Officer & Director)

•  Co-‐Founder and Execu.ve Chairman of Calvista Gold (TSX:CVZ) successfully sold to Eike Ba.sta AUX Group. •  MD Sco.a Capital emerging markets. Vice-‐president emerging markets at TD Securi.es •  BBA/MBA from UDLA, PhD Finance Na.onal University of Mexico and Doctoral studies in Finance at the University of Toronto •  Director in various public mining companies in Canada.

Jesper Alling Coverdale Kofoed, President and CEO (Officer & Director) •  20 years as economic geologist within Greenlandic and interna.onal mineral projects with numerous project audits worldwide •  Par.cipa.on in: Nalunaq Gold Project, Storø Gold Project, Skaergaard Pla.num-‐Gold Project and Malmbjerg Molybdenum •  BA and MSc in Geology & Petrology, University of Copenhagen •  Cer.fied Qualified Person by the Fennoscandian Review Board and Member of the Society of Economic Geologists & Geological Society of London

Leonard Asper (Director) •  President, CEO and majority shareholder of Anthem Media Group Inc. •  Former President & CEO of CanWest Global Communica.ons Corp. Canwest was Canada's largest media company •  Co-‐founder of Canterbury Park Capital, a private equity fund •  Graduate of Brandeis University and the University of Toronto Law School; honorary Doctorate in Laws from the University of Winnipeg •  Board member of the Interna.onal Business School of Brandeis University where he founded the Asper School for Entrepreneurship

Jim Steel (Advisor) •  30 years experience professional Geoscien.st in mining and mining finance in Canada, La.n America and Finland •  Former Director of Geology and Metals at consul.ng engineering firm Genivar Ltd. (now WSP Global Inc) where he provided regulatory oversight in Na.onal Instrument

43-‐101 compliance in feasibility studies and preliminary economic assessments, VP and Poruolio Manager at TD Bank. •  Bachelor of Science (B.Sc), Geology/Earth Science from the University of Bri.sh Columbia and an MBA from the London Business School. Qualified Person under Na.onal

Instrument 43-‐101


Share Structure


CORPORATE STRUCTURE

Greenland Resources Inc (previous Primera Bioscience) is a Public Company and repor.ng issuer in Canada Greenland Resources Inc owns 100% Copenhagen Minerals Copenhagen Minerals owns 100% License 2014/11

Shares Outstanding 35,225,000

Op.ons Outstanding 0

Warrants Outstanding (@$0.10) 250,000

Fully-‐Dilluted Shares 35,475,000

Cash Balance as of October 16, 2014 $2,250,000

1,500,000 shares at $0.10 upon incorpora.on (Feb 7, 2008)

2,500,000 shares at $0.10 upon IPO (July 23, 2008)

375,000 shares at $0.10 by private placement (Sept 25, 2009)

16,650,000 shares @ $0.10 upon share purchase agreement with Copenhagen Minerals (May 20, 2014)

14,200,000 shares @ $0.15 non-‐brokered private placement (October 16, 2014)

CURRENT SHAREHOLDERS

CAPITALIZATION SUMMARY

PRIOR FINANCING

Greenland FRASER INSTITUTE

•  Ranked #1 area with highest global mineral poten.al 2013 •  Ranked #2 in 2012

MULTITUDE OF MINERALS

•  Base Metals: Nickel, Zinc, Lead, Copper, Iron •  Precious Metals: Gold, Silver, Pla.num, Palladium •  Others: REEs, Molybdenum, Uranium

ACTIVE MINING COMPANIES •  16 listed companies and 18 private companies •  22 companies with more than 40 projects •  Primarily companies from Canada, Australia and the UK

MULTITUDE OF PROJECTS •  6 projects with CAPEX > USD10B •  More than 130 explora.on licenses granted

October 2014 Greenland Resources Inc. All Rights Reserved.

Source: NAALAKKERSUISUT

STORØ

6

Greenland – License Map


North American Nickel

Storø - Geology


GOLD PROSPECTS

•  Gold prospects in the Nuuk Fjord are located in strongly deformed rocks of Archean age

•  The Nuuk Fjord gold prospects occur in supracrustal volcano-‐sedimentary terrains

GOLD MINERALIZATION

•  Gold mineraliza.on at Storø are hosted within the NNE, 300-‐400m wide Storø shear zone

•  The altered volcanic rocks have similari.es to Archean greenstone belts in Ontario and Quebec

Storø – Potential


EXTEND MINERALIZATION •  Extend mineralized strike to 4km between

Qingaq and Aappalaartoq •  NE flank of Main Zone open at depth •  Deep Target -‐ Geophysics suggest

amphibolite garne.te horizon con.nues for 4 km along strike

•  Aappalaartoq samples > 34 g/t Au

NEAR TERM OPEN PIT MINE •  15,375m drilled in 86 drill holes •  Addi.onal 50 drill holes totaling 2,000m in

Qingaq main zone creates 1 intersect each 20m

•  250m strike within 50m from surface •  Open Pit •  Gravity + Cyanide recovery 93% •  Preliminary Economic Analysis

Storø – Extend Mineralization


Storø – Near Term Open Pit Mine


Storø - Geological 3D Model > 1 g/t Au


0 100

Meters

Qussuk – Main Zones


PLATEAU ZONE •  Auriferous zones 1.5-‐2.0m wide •  Surface sample 35g/t Au •  7 of 20 diamond drill holes with VG BLUE FOX ZONE •  Quartz veined amphibolite •  5-‐30cm band of massive to semi-‐massive iron-‐

copper sulphides •  Surface sample 21.7g/t Au SWAN ZONE •  Massive iron-‐copper sulphides in fold hinges in

grey meta-‐andesite and amphibolite •  DDH 25 intersected 24m @ 1.23 g/t Au SWAN N ZONE •  30-‐80m wide by 1km N-‐S trending zone of

partly silicified hornblende, quartz, garnet, bio.te, and iron-‐copper sulphide

•  Channel sample 2m @ 6.5g/t Au

Storø - Work Program


Quingaq Open Pit / Extension Aappalaartoq Qusssuk New Projects 2014-‐15 Budget $2.8M $100k $50k $50k

Work Planned

-‐ 5,000m drilling -‐ Structural interpreta1on

TBA TBA

-‐ Bulk sampling for metallurgy -‐ Drill target defini1on -‐ Resource es1ma1on

-‐ Environmental studies

-‐ Permi^ng -‐ Preliminary pit design

Spent to date $12M -‐ -‐ 15km drilling -‐ 1.7km drilling -‐ 2,000m drilling -‐ 5,300 DDH samples -‐ 1,500 DDH samples -‐ 681 channel samples -‐ 20km of channel samples -‐ 3,000 surface samples -‐ 45 km2 geophysics

Work completed to date -‐ 9 bulk samples -‐ Oulining mineraliza.on

-‐ Ground magne.c survey -‐ Mul.ble scien.fic publica.ons

Contacts


HEAD OFFICE GREENLAND RESOURCES Inc. 80 Richmond St. West Suite 507 Toronto, Ontario M5H 2A4, Canada TELEPHONE Canada: 416 9250172 Denmark: +45 26221091 INVESTOR RELATIONS Gary Anstey [email protected] OFFICERS Ruben Shiffman [email protected] Jesper Kofoed [email protected] WEBSITE www.greenlandresources.ca

Documents

The Storø Gold Project - greenlandgreenlandresources.ca/.../10/STORO_Presentation... · The Storø Gold Project For$Further$Informaon:$$ GREENLAND$RESOURCES$Inc.$ 80$RICHMOND$ST.$WEST$SUITE$507,$TORONTO,$ONTARIO$M5H2A4,$CANADA$$