Transcript Exploration in Latvia

INVENTUS MINING CORPORATION
KURZEME PROJECT 2015
PRECAMBRIAN SHIELD (FROM KOISTINEN, 1994)
Kurzemes Like Structures
€ 26.0 billion
€ 7.3 billion
€ 210.4 million
€ 780.0 million
€ 528.6 million
€ 502.8 million
Mineral Deposits of Fennoscandia
KURZEME GEOLOGICAL STRUCTURE
GEOLOGY 2013 INTREPRETATION
RESULTS
• IMPROVED GEOLOGICAL INTERPRETATION WITH 723
DATA POINTS
• AGREEMENT OF POSITIVE GEOLOGY AND GEOCHEMISTRY
• DEVELOPING GEOPHYSICAL INTERPRETATION
• RESULT: GOOD STARTING POINT FOR FUTURE WORK
•
•
•
•
GOOD INTRUSIVE AND FOOTWALL GEOLOGY NEAR PRIEKULE
AGREEMENT WITH MAGNETICS, GRAVIMETRICS
DETAILED NON-INTRUSIVE SURFACE WORK POSSIBLE
BOREHOLES IN AREA MAY BE FUTURE PLATFORMS
ON-GROUND WORK COULD PROCEED
Inventus Kurzeme Mine – Similar to EU i2mine
Concept
Gravel
1.1 km
Sedimentary Rocks
Kurzemes Structure
500
0
meters
?
Valuable Deposit
KGHM’s Polish-Based Mining Operations
• 3 mines in Poland and 18,000 employees globally
• Forecasted 2012 unconsolidated revenues of € 4.85 billion
and after tax profit of € 948,000,000 from copper and
silver mining
• 32.5% owned by Polish Government
• Expanding globally, with 2011 acquisition of Canadianbased Quadra FNX (largest foreign acquisition in Poland’s
history)
Finland
Kittila Mine, Finland
•
Agnico Eagle's Kittila Mine contains
5 million ounces of gold - value € 6.6 billion
•
One of largest European gold deposits
•
The mine adds € 330 million
to economy annually
Greece
•
Eldorado Gold is making
€ 1.3 billion investment
•
One operation mine, three in
development stage
•
Significant contribution to
economy in stasis
Straton Mine, Greece
Requirements
• TRANSPARENT AND READY ACCESS TO
LATVIAN DATA
• LEGAL POSITION FOR INVENTUS ON THE
GROUND
• ACTIVE LATVIAN OPERATING PARTNERSHIP
and ENGAGEMENT