03.12.2015 Views

Generating Cash Flow from Toll Milling and Small Scale Mining

PARA-PPT-Nov-5-2015_Final

PARA-PPT-Nov-5-2015_Final

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

PARA RESOURCES INC<br />

• Para Resources Inc. (“Para”), (TSXV:PBR): is a Junior <strong>Mining</strong> <strong>and</strong> <strong>Toll</strong> <strong>Milling</strong> company<br />

• Controls the El Limon Gold Mine in Zaragoza, Colombia<br />

• Currently undergoing a mill upgrade to increase mill capacity to 200 TPD in order to process<br />

ore delivered by small local miners<br />

• El Limon is capable to produce 25,000 ounces of Au in 2016 which could generate $6-7<br />

million of cash flow. The potential quantity <strong>and</strong> grade is conceptual in nature, there has<br />

been insufficient exploration to define a mineral resource or reserve. It is uncertain if further<br />

exploration will result in the delineation of a mineral resource or reserve.<br />

• Para also owns a property in Brazil where permits to mine the surface material have been<br />

applied for.<br />

• Subject to due diligence Para will use a portion of the projected cash flow <strong>from</strong> potential<br />

small scale mining properties to finance an exploration program in the hard rock<br />

• The Company has a market capitalization of $4 million<br />

3

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!