Providence Discovery – Desteffany Lake, N.T.

The Providence Discovery

First Ultramafic Hosted
Nickel-Copper-Cobalt-PGM
Massive Sulfide System in the
Central Slave Province
 Location
Desteffany Lake,NT

270 Kilometers North

Of Yellowknife

55 Kilometers West
Of Ekati
PROVIDENCE
Arctic Star – Credit Lake

Credit Lake Claim Block

Providence Discovery

Ekati

Diavik
Lac de Gras
 Discovery History
„ Arctic Star Diamond Till Sampling Identifies
Nickel-in-Soil Anomaly
„ Arctic Star Geophysical Surveys Produce
Coincident Magnetic-EM Target Near Soil
Anomaly
„ DDH 08CR-10 (April, 2008) Massive Sulfide
Discovery Hole
 2008 Post-Discovery Exploration
„ VTEM Survey Flown April-May, 2008
„ Drilling Providence Resumed July, 2008
„ Total Of 16 Holes (1,650 meters) Completed
„ ID’d + 450 Meters Of Strike, To 170 Meter
Vertical Depth (conservatively representing
approximately 700,000 metric tons)
„ Open Along Strike & Down-Dip
„ Thickest Massive Sulfide Intercept of 5.02 m.
„ Thickest Mineralized Intercept Of 41.75 m.
 Assay Results -2008 Drilling
Most Extensive Massive Sulfide Intercepts-5.1m-08CR-18
1.73% Ni, 1.75% Cu, 0.17% Co
Maximum Assays (for all reported base metal results)
1.91% Ni over 1 meter – 08CR-23
4.1% Cu over 0.35 meter – 08 CR-18
 Assay Results -2008 Drilling
Assay Averages
% Ni-Cu per Average 2.1m Massive Sulfide Intercepts
9 of 16 Holes Reported , Averaging 2.1 meters of Massive / Hole)

1.36% Ni
1.05% Cu
 Grades / Assay Results – Precious Metals

Results From 25.6 meters of massive averages:

„ Average 1.03g/t Pt (range 0.2 gr/t to 11.0 gr/t)

„ Average 1.7 g/t Pd (averaging + 1 gr/t)

„ High values also reporting for Os (0.14 gr/t),

Rh (0.46 gr/t), Ir (0.19 gr/t)

 2008 Post-Discovery Exploration

„ Detailed Magnetics & Max-Min Surveys of

Regional Targets

„ Recon Of Additional VTEM Anomalies Produced

Additional Priority Targets In Same Belt

„ Aggressive Program Planned for 2009

 Regional Geology

Mineralized Komatiite-Main Zone O.C.

20m South of 08CR-23 Collar Location
Komatiite ‘Whaleback’ Outcrops
Ultramafic Valley
PROVIDENCE

Occurrences Of CSCS

Bleeker, etal
Providence Belt Area Geology
Providence Belt /
Central Slave Cover Sequence
 Regional Geology
„ Providence Occurs Within the Central
Slave Cover Sequence (Bleeker, etal) ”CSCS”
„ Providence Contained In Ultramafic
Sequences (Sills and Flows?)
„ Basalt Hanging Wall
„ Quartzite Foot Wall
„ CSCS Lies Unconformably On Basement
Gneiss
 CSCS
Stratigraphic
Section
(Bleeker,etal)

Providence
 Arctic Star
Providence Discovery
 Providence Discovery
Geochem & Initial Geophysics
Max-Min Lines
&
Colored Conductivity Image

Proposed DDH

Soil Geochem
Anomaly
Arctic Star – Discovery Hole 08CR-10 – April, 2008
Post Discovery Exploration
2008 – VTEM Survey
& Ground Geophysics
Credit Lake VTEM Block

Enlargement Area

Providence

24 Kilometers
Providence VTEM (100 m line spacing)
B - Field Signatures (over colored magnetics)
Credit Lake – VTEM - Magnetics

Providence
Detailed Ground Magnetics Surveys
 Providence
Discovery Area

Detailed
Ground Magnetics

Drill-Defined
Mineralization

+450m Strike
 Providence
Project Area Geology
 Providence
Project Area Geology

Mafic Volcanics

FeFms
Mafic Volcanics

Ultramafic Sequences FeFms

Area of Enlargement

Metasediments
(Quartzite-Amphibolites)
 Providence
Project Area Geology
 Drilling
Cross Sections

08CR-12, 13, 14, 22

08CR-17, 18, 19, 21

08CR-23
&
08CR-24, 25
 Outcrop

Mineralization-Outcrop
Quartzite-Footwall
 Mineralogy

Photographs & Interpretations

R.L. Barnett
 Arctic Star Diamond Corp
Providence Ni-Cu-Co-PGM Discovery
DDH 08CR-11, 140.7meters
Typical Array of Pentlandite Fiamme Exsolved From Pyrrhotite

100 microns
 Arctic Star Diamond Corp
Providence Ni-Cu-Co-PGM Discovery
DDH 08CR-11, 140.7meters
Typical Massive Sulfide Showing Distribution of Coarse Pentlandite on Pyrrhotite

100 microns
 Arctic Star Diamond Corp
Providence Ni-Cu-Co-PGM Discovery
DDH 08CR-13, 101.1 meters
Zoned Iridium-Rhodium-Cobaltite in Pyrrhotite

100 microns
 Arctic Star Diamond Corp
Providence Ni-Cu-Co-PGM Discovery
DDH 08CR-13, 101.1 meters
Zoned Iridium-Rhodium-Cobaltite-Shows Central Angular Grain of Cobaltite Surrounded
by Outer Zone of Rhodium / Iridium

100 microns
100 microns
 Arctic Star Diamond Corp
Providence Ni-Cu-Co-PGM Discovery
DDH 08CR-13, 101.1 meters
Large Grain of Bismuth-Palladium-Tellurium

100 microns
100100
microns
microns
SAMPLE 15-138.3m – LINEAR DOMAIN OF UNALTERED OLIVINE ( BIREFRINGENT RED-YELLOW)
WITHIN FOLIATED TREMOLITIC AMPHIBOLE, MG-CHLORITE TALC SCHIST. NOTE GROWTH OF
AMPHIBOLE AGAINST THE DOMINANT FABRIC, BIFR YELLOW TOP LEFT.
 Credit Lake Block
Additional “Blue Sky” Potential
 100 m grid

Western Extension
(untested)

Drill-Defined Mineralization
+ 450 Meters Strike

Providence Discovery
Western Extension
 Max-Min Conductor Image
Eastern Extension

DDH
08CR-24,25

Proposed DDHs

Untested Extension

Providence Discovery
Eastern Extension
VTEM Block-West End
Geophysical Targets
VTEM-Eastern Block Targets
 Providence Discovery Area

Detailed Soil Sampling Results

Eastern End of VTEM Block
Survey Block
5 Kilometers E-W x 1 Kilometer N-S
100 meter spaced lines, 50 meter stations
 VTEM – EM & Nickel In Soils Responses

Providence

Nickel In Soils Anomalies

 Planned 2009 Exploration
„ Detailed TDEM & Magnetics Over Discovery
Area For 3-D View of Mineralization
„ Drilling New Targets at Providence Developed
From TDEM
„ Magnetic & Max-Min Surveys Over Regional
Targets From VTEM & Recon Discoveries
„ Drill Regional Targets With Size Potential in Belt
„ Additional Soil Surveys Within Belt
 Infrastructure
Developed Remote Deposits - Canada
Ore Value / Ton ($us-2009)
Polaris Nanisivik
$205.95 / ton $204.35 / ton
PROVIDENCE Raglan Voisey’s Bay
Lupin $273.74 / ton $335.81 / ton $276.60 / ton
(w/out PGMs) (w/out PGMs) (w/out PGMs)
$377.22 / ton

PROVIDENCE
Winter Road Access
Ekati Available Backhauls
$317.40 / ton
Victor Pipe
$107.33 / ton

Diavik
$362.89 / ton
Thank You