A Fresh Look at Historical Districts: One of Canada's Newest Copper Exploration Companies
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TSX-V: ROCK
A Fresh Look at
Historical Districts:
One of Canada’s
Newest Copper
Exploration Companies
Investor Presentation
May 2019
DISCLAIMER
This presentation has been prepared by Rockridge Resources Ltd. (“ROCK”) The disclosed historical estimate was completed prior to the passing of
using its best efforts to realistically and factually present the information NI 43-101 into law and as such the Company advises that these mineral
contained. However, subjective opinion, dependence upon factors outside resource estimates, as disclosed, are not supported by a compliant
ROCK’s control and outside information sources unavoidably dictate that National Instrument 43-101 technical report, contrary to NI 43-101. A
ROCK cannot warrant the information contained to be exhaustive, qualified person has not done sufficient work to classify these historical
complete or sufficient. In addition, many factors can effect the estimates as current mineral resources or mineral reserves in accordance
presentation which could significantly alter the results intended by ROCK, with NI 43-101. The above resource estimates are from the
rendering the presentation unattainable or substantially altered. Saskatchewan Mineral Deposit Index (SMDI) 0406. The Company is not
Therefore, interested uses should conduct their own assessment and treating the historical estimates as current mineral resources or mineral
consult with their own professional advisors prior to making any reserves. These estimates do not comply to categories prescribed by
investment decisions. National Instrument 43-101 or the Canadian Institute of Mining, and are
disclosed only as indications of the presence of mineralization and are
This presentation does not constitute a prospectus or public offering for considered to be a guide for additional work. The historical models and
financing, and no guarantees are made or implied with regard to the data sets used to prepare these historical estimates are not available to
success of ROCK proposed ventures. Interested investors are advised to Rockridge and the author is not aware of any more recent resource
seek advice from the investment advisors. estimates or data. The 1998 historical resource was calculated using the
cross-section method and used assay data from 241 Leader holes and
Some of the statements in this document may be deemed to be "forward- from 6 other holes drilled prior to Leader’s drilling. A cutoff grade of
looking statements". 0.3% copper-equivalent and a minimum composite length of 3.0 meters
was used. Holes were plotted on vertical drill sections ranging from
Section 20760 N to Section 24905 N, covering a strike length of 4,145
All statements on in this document, other than statements of historical
meters. The categories used for the Leader Mining 1998 historical
facts, that address events or developments that management of the
resource estimates are stated as being “drill-indicated”. This is not a
Company expects, are forward-looking statements. Although management
resource category as defined under 43-101 CP Section 2.4 (1) and (2)6
believes the expectations expressed in such forward-looking statements
but based on the methodologies and drill hole spacing it would likely be
are based on reasonable assumptions, such statements are not guarantees
equivalent to an inferred resource category.
of future performance, and actual results or developments may differ
materially from those in the forward-looking statements. The Company
undertakes no obligation to update these forward-looking statements if Technical information has been prepared in accordance with the
management's beliefs, estimates or opinions, or other factors, should Canadian regulatory requirements set out in National Instrument 43-101
change. Factors that could cause actual results to differ materially from and reviewed on behalf of the Company by Richard Kusmirski, P.Geo.,
those in forward-looking statements, include market prices, exploration M.Sc. who is a Qualified Person.
and development successes, continued availability of capital and financing,
and general economic, market or business conditions. Please see the public
filings of the Company at www.sedar.com for further information.
May 2019 | TSX-V: ROCK
MANAGEMENT AND DIRECTORS
Ronald Netolitzky: M.Sc. Geology
Jordan Trimble, B.Sc., CFA: STRATEGIC ADVISOR
PRESIDENT & CEO, DIRECTOR
• Illustrious career in the mining and exploration industry with over 40
• Entrepreneur who has worked in resource industry specializing
years of experience and having been directly associated with three major
in corporate finance and strategy, shareholder communications,
discoveries in Canada that subsequently went into production: Eskay
marketing, deal structuring and capital raising
Creek, Snip and Brewery Creek
• Current President and CEO of Skyharbour Resources (TSX.V: SYH)
• Mr. Netolitzky has been honored with the Prospector of the Year award
• Previously Corporate Development Manager for Bayfield from the PDAC, and Developer of the Year award from the BC & Yukon
Ventures up until its acquisition by New Gold in 2014 Chamber of Mines. In 2015, he was inducted into the Canadian Mining
• CFA® Charterholder and currently serves as a Director on the Hall of Fame
board of the CFA Society Vancouver Joseph Gallucci:
Jim Pettit: DIRECTOR
DIRECTOR • Currently Managing Director and the Head of Mining Investment banking
at Laurentian Bank Securities
• +30 years of experience in resource industry specializing in
finance, corporate governance, management, and compliance • Capital markets executive and banker with >15 years experience focused
on mining at BMO Capital Markets, GMP Securities, Dundee Securities;
• Previously Chairman and CEO of Bayfield Ventures Corp. which
previously led Mining Investment Banking team at Eight Capital
he sold to New Gold in 2014
• Directly involved in raising over $1 billion for mining companies with
Richard Kusmirski, P.Geo., M.Sc.: focus on base metals in Canada
DIRECTOR, HEAD GEOLOGIST, QP
Simon Dyakowski, CFA, MBA:
• +40 years of exploration experience in North America and CORPORATE DEVELOPMENT
overseas and has actively participated in the discovery of a
number of deposits with focused expertise in Saskatchewan • +10 years of corporate finance, corporate development, and capital
markets advisory experience as investment advisor, analyst and
• Previously Exploration Manager at Cameco Corporation (TSX:
investment banker
CCO) overseeing uranium exploration projects in Basin
• MBA - Finance from the University of British Columbia
• Previously President and CEO of JNR Resources; acquired by
CFA® Charterholder, undergraduate Finance degree from UWO
Denison Mines
May 2019 | TSX-V: ROCK
SHARE STRUCTURE
TRADING SYMBOL:
ROCK
Capital Structure:
Issued & Outstanding Shares: 25.4 million
on the TSX Venture
Fully Diluted: 37.7 million
Treasury: CDN $1.4 million
Market Capitalization: CDN $7.4 million*
Enterprise Value: CDN $6.0 million*
*CDN Prices at May 7th, 2019
May 2019 | TSX-V: ROCK
COPPER FUNDAMENTALS
Copper Mine
Production by Region Thousand metric
1960 versus 2017 tonnes copper
Source: ICSG
Oceania
Africa
Europe
North America
Asia
Latin America
https://www.icsg.org/index.php/111-icsg-releases-
latest-copper-market-forecast-2018-2019
May 2019 | TSX-V: ROCK
COPPER FUNDAMENTALS
World Refined
Copper Usage
1900‐2017
24,000
20,000
Since 1900, usage for refined
copper has increased from less 16,000
than 500 thousand tonnes to 23.8
12,000
million metric tonnes in 2017 as
usage over the period grew by a 8,000
compound annual growth rate of
3.4% per year 4,000
0
00
05
10
15
20
25
30
35
40
45
50
55
60
65
70
75
80
85
90
95
00
05
10
15
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
19
20
20
20
20
Thousand metric tonnes
https://www.icsg.org/index.php/111-icsg-releases- Source: ICSG
latest-copper-market-forecast-2018-2019
May 2019 | TSX-V: ROCK
COPPER FUNDAMENTALS
Copper Stocks, 3,375 450
3,000 400
Prices and Usage 2,625 350
Jan 2001‐May 2018 2,250 300
Thousand metric tonnes, copper
Price LME (US cents/pound)
1,875 250
1,500 200
Thousand metric tonnes and 1,125 150
US cents/pound
750 100
Source: ICSG
375 50
0 0
Jul
Jul
Jul
Jul
Jul
Jul
Jul
Jul
Jul
Jul
Jul
Jul
Jul
Jul
Jul
Jul
Jan 07
Jan 15
Jan 18
Jan 01
Jan 02
Jan 03
Jan 04
Jan 05
Jan 06
Jan 08
Jan 09
Jan 10
Jan 11
Jan 12
Jan 13
Jan 14
Jan 16
Jan 17
Jul
Exchanges Producers Merchants Consumers
3 mth moving average copper usage seasonally adjusted Price LME (US
cents/pound)
May 2019 | TSX-V: ROCK
COPPER FUNDAMENTALS
Copper is faced with a significant supply/demand gap Committed Mine
over the next 15 years
Supply Forecast
Over 200 copper mines currently in operation will
reach the end of their productive life before 2035
A lack of investment in exploration, development and
production capacity, in combination with the growing
demand for copper due to increased electrification, is
expected to be beneficial for the price of copper
Rockridge’s general strategy: going into historical,
prolific mining districts in favourable jurisdictions with
modern exploration techniques/methodologies to test
new ideas
Specifically Rockridge is acquiring and rethinking
polymetallic deposits with copper as the primary Source: Hamish Sampson |
credit that are within reach of existing infrastructure in Analyst at CRU’s Copper Team.
favourable jurisdictions
May 2019 | TSX-V: ROCK
KNIFE LAKE HIGHLIGHTS
The Knife Lake Project area is an advanced- Historical drill results include 1.37% Cu,
stage copper, silver, zinc and cobalt 5.07 g/t Ag, 115 ppm Co, 1182 ppm Zn
exploration property in Saskatchewan (#3 over 60.13m beginning at a depth of
mining jurisdiction as ranked by Fraser 2.37m in hole K-96-02 as well as 0.99%
Institute); extensive exploration from late Cu, 4.73 g/t Ag, 103 ppm Co over
1960’s to 1990’s with last documented work 38.83m beginning at a depth of 6.11m
program completed in 2001 in hole K-96-36
Late in 1998, Leader Mining published a There is strong discovery potential in
historical estimate (non NI 43-101) of the and around the deposit as well as at
shallow Knife Lake deposit, reporting a drill- regional targets on the Property; use
indicated, historical resource of 20.3 million modern exploration techniques and
tonnes grading 0.6% Cu, 0.1 g/t Au, 3.0 g/t
Ag, 0.06% Co and 0.11% Zn methods to make new discoveries
Rockridge recently completed its first
Within this historical estimate there is a
drill program with initial highlight
higher grade zone of 11.0 million tonnes
results including 2.03% Cu, 9.88 g/t Ag,
grading 0.75% Cu and as well as other metals
0.19 g/t Au, 0.36% Zn, and 0.01% Co
over 37.6m beginning at 11.2m in hole
FK19003
May 2019 | TSX-V: ROCK
FLIN FLON DISTRICT AT A GLANCE
Since the initial Over $1.6 billion Mining infrastructure in
discovery of invested towards mine the region requires
mineralization in 1915, development with road, additional discoveries
the Flin Flon camp has rail, power and water and deposits; Flin Flon
produced over 170 infrastructure to has long history as
million tons of sulphide facilitate quick mining town
ore from 31 VMS development of new
deposits worth in excess discoveries
of $25 billion dollars 85,197 ha Knife Lake
(2002 NRC, Current Project is 130km NNW
Research) Typically less than six of Flin Flon and 45km N
years from discovery to of Sandy Bay; new
development with powerline 16km from
Over 50% of deposits
reduced capital Knife Lake Deposit area,
have been advanced to
expenditures greatly enhancing the
production, which have
project’s infrastructure
led to 86 consecutive
years of mining May 2019 | TSX-V: ROCKKNIFE LAKE – HISTORICAL VMS DEPOSIT
Knife Lake deposit lies within the Flin Flon–Snow Lake mining
district, one of the most prolific greenstone belts in Canada
The formation of clusters of massive sulphide deposits is a
common characteristic of VMS belts worldwide, which make
them attractive target areas for exploration and
development
In 1998, Leader Mining published a historical estimate (non
NI 43-101) of the shallow Knife Lake deposit reporting a drill-
indicated resource of 20.3 million tonnes grading 0.6% Cu,
0.1 g/t Au, 3.0 g/t Ag, 0.06% Co and 0.11% Zn
Higher grade zone of 11.0 million tonnes grading 0.75% Cu as
well as other metals within this historical estimate
Historical drill results include 1.37% Cu, 5.07 g/t Ag, 115 ppm
Co, 1182 ppm Zn over 60.13m beginning at a depth of 2.37m
in hole K-96-02 as well as 0.99% Cu, 4.73 g/t Ag, 103 ppm Co
over 38.83m beginning at a depth of 6.11m in hole K-96-36
Knife Lake is interpreted to be a remobilized, shallow VMS
deposit; it contains typical VMS mineralogy which has been
significantly modified and partially remobilized during the
emplacement of granitic rocks
VMS systems typically host clusters of deposits; it begs the
question whether more deposits can be found in the area? May 2019 | TSX-V: ROCKKNIFE LAKE HISTORY: 1968 → 2019
1968: Knife Lake mineralization discovered by Straus Exploration 130km NNW of Flin Flon
1968-1972: Extensive drilling completed totaling 87 holes (8,484m), mining lease established
1989: CopperQuest formed, completes extensive geophysics, 24 holes (1,829m)
1996: Leader Mining acquires leases from CopperQuest and completes positive preliminary metallurgical work
1996-1998: Leader Mining completes delineation drilling: 317 holes completed (30,866m)
1997: Leader publishes non NI 43-101 geological reserves of the Knife Lake Deposit, reporting a drill-indicated
resource of 20.3 million tonnes grading 0.6% Cu, 0.1 g/t Au, 3.0 g/t Ag, 0.06% Co and 0.11% Zn
1999-2002: Metal prices collapse and exploration budgets are cut during bear mining market
2003: Leader Mining issued Cease Trade Order which remained in place for over 3 years
2009: Ursa Major International acquires Knife Lake lease and surrounding claims
2010-2014: Ursa Major International name change to Minnova Gold and focuses on gold projects; very little
exploration carried out on Knife Lake Project
2017: Knife Lake mining lease lapses and area becomes open for staking
2018: Eagle Plains, a prospect generator, stakes area of expired lease and acquires additional tenure as well as
access to existing drill-core; seeks to farm out property as part of business model
2018-2019: Eagle Plains and Rockridge enter into option to acquire 100% interest of large, 85,197ha, property
package and TerraLogic contracted to carry out the exploration programs going forward
May 2019 | TSX-V: ROCKKNIFE LAKE DEPOSIT EXPLORATION STRATEGY
The Knife Lake deposit is open along strike
and at depth; also gaps in the historical
resource that could be filled in
The stratabound mineralized zone is
approximately 15m thick and dips 30° to 45°
eastward over a strike-length of 4.5km, with
an average horizontal width of approx. 30m
Inaugural diamond drilling program recently
completed consisting of 1,053m in 12 drill
holes
Drilled several confirmation holes as well as
resource expansion holes to upgrade the
historical resource and make it NI 43-101
compliant
NI 43-101 compliant resource estimate to
follow afterwards
Very limited previous drilling below 100m but
several deeper holes intersected
mineralization at around 300m – deeper
lenses?
Potential for deposit expansion at depth on
overturned fold limb May 2019 | TSX-V: ROCKKNIFE LAKE WINTER 2019 DRILL PROGRAM
Inaugural diamond drilling program recently completed consisting
of 1,053m in 12 drill holes with first 5 holes reported thus far
Drilled several confirmation holes as well as resource expansion
holes to upgrade the historical resource and make it NI 43-101
compliant; first work program on property since 2001
Drill hole KF19003 intersected 37.6m of 2.03% Cu, 0.19 g/t Au, 9.88
g/t Ag, 0.36% Zn, and 0.01% Co for an estimated 2.42% CuEq
beginning at 11.2m
KF19003 confirmed high grade mineralization up-dip of KF19002, in
an area where no historical drilling has been reported
Drill hole KF19001 intersected 33.1m of 1.28% Cu, 0.12 g/t Au, 4.80
g/t Ag, 0.13% Zn, and 0.01% Co for an estimated 1.49% CuEq
beginning at 7.5m
Drill hole KF19002 intersected 43.8m of 0.78% Cu, 0.07 g/t Au, 2.54
g/t Ag, 0.07% Zn, and 0.01% Co for an estimated 0.93% CuEq
* Drill indicated intercepts (core length) are reported as drilled widths. True
beginning at 9.7m thickness is undetermined
Anomalous gallium and indium were also intersected in the ** Assumptions used in USD for the copper equivalent calculation were metal
prices of $2.80/lb Cu, $18.00/lb Co, $1,300/oz Au, $17.00/oz Ag, $1.20/lb Zn
mineralized zones of all holes and a processing cost of $11.55/tonne. Copper equivalent (CuEq) was
calculated using the formula CuEq = Cu% + ((Zn%*Zn Price*Zn Recovery*Zn
Payable*22.0462) + (Co%*Co Price *Co Recovery*Co Payable*22.0462)+
Results on the remaining seven holes pending (Augpt*Au Price*Au Recovery*Au Payable/31.1035) + (Ag *Ag Price*Ag
Recovery*Ag Payable/31.1035)) / (Cu price*CuRecovery*Cu payable*22.0462)
May 2019 | TSX-V: ROCKKNIFE LAKE GEOLOGY AND REGIONAL POTENTIAL
Strong discovery potential in and around deposit as
well as at regional targets on the 85,197 ha property
The Knife Lake deposit is hosted by felsic to
intermediate volcanic and volcaniclastic rocks which
have been metamorphosed to upper amphibolite
facies
The deposit contains typical VMS mineralogy which
has been significantly modified and partially
remobilized during the emplacement of granitic rocks
Knife Lake is likely a remobilized portion of a
presumably much larger “primary” VMS deposit based
on fairly general observations about the mineralogy,
mineral textures and metal ratios in the deposit
This remobilized deposit may have a different metal
content and texture due to it’s being heated and
transported
Vectoring using metal ratios and structural
interpretation to identify “primary” VMS deposit
May 2019 | TSX-V: ROCKKNIFE LAKE REGIONAL POTENTIAL AND STRATEGY
Two significant phases of exploration in 1970’s and 1990’s
focused on Knife Lake deposit which is a topographic high; no
exploration in current Knife Lake property package since 2001
Last regional work by Leader in 1999-2000 (airborne
geophysics, regional mapping, geochemistry) and limited
shallow follow up diamond drilling in 2000 confirmed VMS
style alteration and mineralization associated with EM
conductors along the prospective Knife Lake horizon
Knife Lake property package is potentially ripe for new
discoveries using modern exploration techniques / methods
Regional targeting strategy will focus on identifying buried
mineralization using:
Modern geophysics – high-resolution, deep penetrating
EM to identify conductors as well as drone mag surveys to
cover large areas in detail
Ground work and sampling – analyze rock geochemistry
to identify prospective VMS style hydrothermal systems
Follow up on historic conductors, alteration and
mineralization at regional targets (Pistol, Gilbert and Red
Hill targets)
May 2019 | TSX-V: ROCKKNIFE LAKE REGIONAL GEOPHYSICS
May 2019 | TSX-V: ROCKRANEY GOLD PROJECT - ONTARIO
The Raney Gold Property is located 110 km southwest of the city of Timmins and is accessible by a
forestry road
It is in the Archean Swayze Greenstone Belt which is a part of the Abitibi Greenstone Belt which
hosts the world class Timmins and Kirkland Lake lode gold mining camps
Work by MPH Ventures Ltd. in 2009 and 2010 consisted of trenching and sampling as well as
Induced Polarization (IP) surveys followed by drilling
Hole R-09-08 returned 6.5 g/t Au over 8.0 metres, and established a 50 metre strike length for gold
mineralization, extending from historic hole 99-01 to RAN-08-04; hole R-09-011 intersected 4.7 g/t
Au over 3.0 m, including 11.5 g/t Au over 1.0 m; hole R-09-14 intersected 1.43 g/t Au over 2.25 m,
and this hole extended the known mineralization 100 m west of the original discovery
The presence of a gold system as identified on the Raney Gold Project would suggest that the
remainder of the project should be explored for additional gold-bearing structures
May 2019 | TSX-V: ROCKCONTACT INFORMATION
President and CEO
Jordan Trimble
Email
jtrimble@sentinelmarket.com
Corporate Communications
Nick Findler
Email
nfindler@sentinelmarket.com
Phone
604-687-3376
Office Address
1610 – 777 Dunsmuir St.
Vancouver, BC
V7Y 1K4
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