Tectonic Setting and Structural Controls

of the
Vetas Gold System
June 2012

Safe Harbor
CAUTION REGARDING FORWARD LOOKING STATEMENTS:
Certain statements included in this presentation are forward-looking statements within the meaning of Canadian securities laws,
including the following statements regarding the properties in the Departamento de Norte de Santander and the Departamento de
Santander: the ability of CB Gold Inc. (the Company) to acquire concessions with potential resources; the potential to develop
resources and then further develop reserves; the anticipated economic potential of the concessions; the anticipated economic and
political developments in Colombia; the availability of capital to finance the Company to execute its Company Strategy.
Forward-looking statements are based on estimates and assumptions made by the Company in light of its experience and
perception of historical trends, current conditions and expected future developments, as well as other factors that the concessions
holder believes are appropriate in the circumstances. Many factors could cause the Companys results, performance or
achievements to differ materially from those expressed or implied by the forward looking statements, including: discrepancies
between actual and estimated resources; exploration, development and operating risks; limited experience with development-stage
mining operations; dependence on early exploration stage concessions; political and foreign risks; uninsurable risks; competition;
production risks; regulatory restrictions, including environmental regulatory restrictions and liability; currency fluctuations; defective
title to mineral claims or property and dependence on key employees. Persons reviewing this presentation are cautioned not to
place undue reliance on forward-looking statements due to inherent uncertainty therein. The Company disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise,
except as required by law.
The scientific and technical information on which this presentation has been based was approved by Christopher Lee, Principal
Geologist at Touchstone Geoscience Inc. and a Qualified Person as defined by National Instrument 43-101 Standards of
Disclosure for Mineral Projects.

US Disclaimer
CAUTIONARY NOTE TO UNITED STATES INVESTORS:
The securities of the Company referred to herein have not been and will not be registered under the U.S. Securities Act of
1933 (the "U.S. Securities Act"), as amended, and may only be offered, and this presentation may only be made, to
persons within the United States or to, or for the account or benefit of, U.S. persons (as that term is defined in Regulation S
under the U.S. Securities Act) that are "accredited investors" within the meaning of Rule 501(a) of Regulation D under the
U.S. Securities Act.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:
Forward-looking statements in this presentation are made pursuant to the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995 and Canadian securities laws. The words "expect", "anticipate", "estimate",
"may", "will", "should", "intend", "believe", "continue"," and similar expressions are intended to identify forward-looking
statements. Forward-looking statements are based on estimates and assumptions made by the Company in light of its
experience and its perception of historical trends, current conditions and expected future developments, as well as other
factors that the Company believes are appropriate in the circumstances. Many factors could cause the Companys results,
performance or achievements to differ materially from those expressed or implied by the forward looking statements,
including: discrepancies between actual and estimated resources; exploration, development and operating risks; limited
experience with development-stage mining operations; dependence on early exploration stage concessions; political and
foreign risks; uninsurable risks; competition; production risks; regulatory restrictions, including environmental regulatory
restrictions and liability; currency fluctuations; defective title to mineral claims or property and dependence on key
employees. These factors should be considered carefully, and investors should not place undue reliance on the Company's
forward-looking statements. The Company has no intention and undertakes no obligation to update or revise any forwardlooking statements, whether as a result of new information, future events or otherwise, except as required by law.

Location

Vetas area forms part of an historic gold

mining district that dates back to the 16th
century, located in the Eastern Cordillera
of the Colombian Andes

Located in the District of Santander,

approximately ~100 km by road northeast
of Bucaramanga

Topography in the area ranges from

2,900 to 4,200 metres above sea level;
with veins exposed over full range

Gold is found in a variety of vein types

ranging from high grade, fault-hosted
veins, to more widespread stockwork and
sheeted veins
4

Tectonic Setting
Santander Massif

BFZ

BFZ

Vetas

A
The Vetas district forms part of the Santander
Massif the uplifted and remobilized western
margin of the Precambrian Guyana Shield.
The Santander Massif is being exhumed as part of
the Maracaibo Block - a wedge of continental crust
that is being extruded northward in response to plate
convergence and subduction along the Caribbean
and Pacific margins.

BFZ: Bucaramanga Fault Zone

The complex structural, hydrothermal and magmatic

evolution of this dynamic environment has given rise
to the prolific gold veins of the Vetas mining district.

Tectonic Setting
A

West

East

Bucaramanga Fault Zone

Santander Massif

The Bucaramanga Fault Zone (BFZ) is a deep, crustal scale structure that forms the western boundary of the Santander
Massif. It has accommodated somewhere between 40 and 100 kilometres of left-lateral displacement, during the northward
extrusion of the Maracaibo Block. Exhumation of remobilized slivers of the Guiana Shield in the footwall of the BFZ has
brought the rocks of the Santander Massif to surface, where they form the host rocks to the Vetas gold veins.
Seismic studies indicate that the BFZ is currently tapping deep crustal and/or upper mantle-derived magmas and it has likely
done so since the Pliocene (2.5-5.0 million years ago). The BFZ is considered to be a 1st order control on the collection and
delivery of gold-bearing magmas and fluids to the Vetas district. Understanding its timing and kinematics is therefore a critical
component to the successful target delineation and predictability of the Vetas gold system.

Structural Geology
The Vetas region is underlain by a mixture of Precambrian
gneisses of the Santander Massif, along with deformed and
metamorphosed Paleozoic supracrustal and intrusive rocks.
The region is bounded to the west by the long-lived, crustal scale
Bucaramanga Fault zone, and by a less fundamental but
significant structure referred to as the Socota and/or Santander
Fault, which may be a secondary splay off the Bucaramanga Fault
at depth. The wedge formed between these two major faults is
further dissected by tertiary, NE-trending structures, which also
tend to define locally distinct lithological breaks.
The Bucaramanga-Santander fault zone was also the locus of
voluminous Triassic-Jurassic magmatism, attesting to its longlived, fundamental structural control in this region.
Triassic - Jurassic
Carboniferous - Permian

Silurian - Devonian

Ordovician - Silurian

California

Vetas

Granodiorite with variable syenite,

tonlite, and quartz monzonite
Siltsone with intercalated
arenite, clay and sandy
limestones
Fanglomerates, arenites,
conglomerates and marble
Phyllite, shale, quartzites, slate,
conglomerates and marble

Ordovician

Granitic and tonalitic orthogneiss,

with amphibolitic paragneiss and
migmatites

Proterozoic
(Santander Massif)

Quartzofeldspathic gneiss,
migmatite, granulite, amphibolite,
orthogneiss, quartzite and marble

Tectonic Evolution
Million years
0.01

2.5
5

Au

D1

D4 Panama collides with South

America causing uplift and erosion of
Eastern Cordillera (Santander Massif),
inversion of old extensional faults and
formation of new compressional
structures

D3 changes in plate tectonic motions

23

cause reactivation of Oligocene structures

34

D2 increased convergence rate leads to

folding and thrusting in Magdalena Valley
(west of BFZ), abrupt termination of calcalkaline magmatism and accelerated uplift

BFZ
56

D2 & D3

D1 final accretion of Western Cordillera;

D4
66

The Santander Massif was, and continues to be, exhumed through a

complex and protracted period of tectonism, beginning in the latest
Cretaceous with the accretion of the Western Cordillera to the Northwest
margin of South America. Kinematics over this time frame remained
relatively constant, with N to NW extrusion of the Maracaibo block (MSP).
Based on a comprehensive U-Pb geochronology study of gold and
magmatism in Colombia, Leal-Mejia et al. (2011) believe that the
epithermal Vetas-California gold veins are at least temporally related to
late-Miocene (10 Ma) porphyritic stocks and dykes.

Albian
Aptian

100

calc-alkaline magmatism; emergence of

Eastern Cordillera and surrounding areas;
initiation of BFZ

Predominantly transcurrent motion

along Pacific Margin introduces terranes
of Western Cordillera

146

Timing and Kinematics

California

Vetas

BFZ

The late-Miocene kinematics in the Vetas area was governed by the

configuration of the Bucaramanga-Santander Fault zones and their
related tertiary structures, and consist of: (i) sinistral shear on the NWBucaramanga Fault, (ii) reverse shear on the Santander Fault, and (iii)
dextral shear on the NE-trending tertiary structures. This configuration is
compatible with approximately regional WNW-ESE compression and
NNE-SSW tension, coincident with the timing of magmatic-hydrothermal
activity and emplacement of gold mineralization in the Vetas-California
district.
This regional stress field can be expected to govern the preferred
orientations of veining in the area, and can thus be used to predict and
evaluate potential targets.

Vetas Gold Veins

The Vetas region is known for its
large mineralized system consisting
of low to intermediate sulphidation,
epithermal gold veins, locally
associated with a suite of ~10 Ma
(Miocene) dacitic porphyry dykes.

Mapped veins exposed at

surface predominantly,
stockwork and sheeted veins

Real Minera veins

Gold is found in a variety of

structurally-hosted high grade, faultfill quartz veins and variablydeveloped stockwork and sheeted
vein domains.
Vein types straddle two principal
lithological domains: amphibolite
gneiss and a porphyritic granodiorite
intrusion, with fault-fill veins
preferentially hosted by the gneiss
and stockwork and sheeted veins
developed in the latter.

Porphyritic
granodiorite

Amphibolite
gneiss
Surface trace of fault-fill veins
in underground workings

10

High Grade Fault-Fill Veins

The high grade fault-fill veins show multiple
episodes of displacement and deposition,
expressed as pulses of grey quartz and
chalcedonic, crustiform silica, enclosed in clay
alteration, bounded and transected by
numerous slip surfaces.
Finely disseminated pyrite in quartz veins (grey
quartz) is commonly associated with visible
gold and silver. Veins strike primarily N60W
(e.g. El Dorado and La Peter), with a secondary
set at N40E (e.g. San Bartolo), and tend to
cluster into two major corridors at these same
orientations.
A major focus of the current drill program is to
test the intersection between these two vein
sets, in an area with extensive historical mining
dubbed 'La Tesorito' (The Little Treasure).
Current mapping has also indicated a strong
potential for kilometre-scale continuity of the
structurally-hosted high grade vein corridors,
and will be a primary focus of the step-out
drilling program in the new year.

11

High Grade Fault-Fill Veins

The fault-fill veins are typical brittle shear veins and exhibit a variety of
kinematic indicators, including: striations, slickensides, sigmoidal foliations,
Riedel shears and asymetric jogs (see El Dorado and La Peter map insets).
These features indicate predominantly stike-slip movement, with some oblique
down-dip displacement.
High grade shoots are formed by the asymmetric jogs, which tend to form at
dyke intersections, fault intersections and linkages between different fault
segments. Plunge directions of the shoots are controlled by the local
orientations of intersecting features.
El Dorado

San Bartolo

Dextral strike-slip displacement on NE trending

faults such as at El Dorado and La Peter is
compatible with the regional kinematics
described in slide 7.

5m

Careful mapping of satellite imagery has

delineated sinistral offsets of El Dorado trending
veins across San Bartolo trending structures.
This kinematic configuration implies a conjugate
relationship between the two fault-fill vein
orientations formed in response to the same
regional stresses described above. Although
cross-cutting relationships observed to date
indicate a younger age for San Bartolo veins,
their textural and mineralogical simlarities
suggest they are most likely to be broadly
contemporaneous.

12

Stockwork and Sheeted Veins

The stockwork-sheeted vein zones exhibit varying

degrees of intensity that coincide with grade,
including broad zones of relatively continuous lower
grade material (<1 g/t Au) and local concentrations
of higher grade, tightly-spaced sheeted veins (>2
g/t Au). The latter zones may also contain abundant
visible gold, as has been seen in the recent Real
Minera drilling. Fault-fill veins may also penetrate
the granodiorite and locally transect the stockworksheeted vein system; intersections that tend to
coincide with multi-ounce intercepts at Real Minera.

High grade sheeted vein zones were

exploited by historic mines of the
conquistadors

13

13

Stockwork and Sheeted Veins

Stockwork and sheeted veins are superficially very similar in appearance: both are characterized by 1-2 cm wide veins of clear
to milky quartz with finely disseminated pyrite. Sheeted veins have the distinction of a cm-wide phyllic alteration halo, which
can give them a prominent weathering profile due to the associated silicification. Sheeted veins are also more consistently
associated with higher grade gold mineralization, such as in drillhole RM-DDH11-056 (see inset below).

400.8 g/t Au from 147.0 - 147.70 metres

14

Stockwork and Sheeted Veins

Stockwork veins exhibit a surprisingly regular,
cylindrical distribution indicating they all share a
common intersection plunging moderately to the
northeast. Such a vein configuration suggests
formation within a broadly isotropic, radial
extension orthogonal to their line of intersection,
which could be formed in response to regional
uplift. A higher density of veins dipping northeast
implies slightly greater extension in this
direction, parallel to the regional extension
direction.

Line of intersection

Extension directions

N = 140

In contrast, sheeted veins exhibit a very tight,

singular orientation, which indicates a
relatively punctuated sub-vertical extension.
This extension direction is steeper, but close
to the dominant extension direction indicated
by the stockwork veins, suggesting a related,
but more more constricted, stress field.
Cross-cutting relationships indicate a
younger age for the sheeted vein population
suggesting an evolution in the regional stress
field to a more tightly-defined, steep NE-SW
extension over time, which is also compatible
with the WNW-ESE shortening and NNE
extension indicated by the fault-fill veins.

Stockwork veins
Extension direction

N = 58

Sheeted veins

15

Sheeted Veins - Platform RM-17

Cross-section looking southeast showing the interpreted distribution of sheeted veins and their clustering into three
mineralized zones. Also shown are highlighted intervals carrying grades greater than 10 g/t Au.

Grade (ppm)

16
>10.000

Late Normal Faulting

A system of north-south (~N020W trend) normal faults was identified in recent mapping by SRK. These faults are identified by
north-south trending lineaments in the aerial photograph, field outcrops, and intersections in drill-core. These structures are the
youngest structures observed on the property, and transect and offset all generations and styles of mineralized gold veins.
Individual structures do not appear to have more that 1-2 m of displacement; however, these structures form part of a system of
regularly spaced, parallel faults that are believed to have a significant amount of cumulative displacement and may be part of
horst and graben system.
These north-south faults are also thought to be related to late slump-like features that dissect the topography at the higher
elevations.
Slickensides, fault gouge and
breccias associated with late
North-South fault zone

Real Minera

DOWN
Town of Vetas

DOWN

UP
17

Structural Controls on Vetas Veins

The Vetas vein field was emplaced during the late-Miocene, in conjunction with the waning stages of tectonic activity in the
Eastern Cordillera of the Colombian Andes. Gold-bearing fault-fill veins and extensional stockwork and sheeted veins formed
in response to a regional stress field characterized by WNW-ESE compression and NNE-SSW extension. These forces
operated on the NW-trending Bucaramanga Fault and its subsidiary secondary (e.g. Santander) and tertiary (e.g. Vetas and
Cucutilla) faults, resulting in the uplift and exhumation of the Santander Massif. Local structures in the Vetas vein field
mimicked these larger scale structures in terms of both their orientation and kinematics, with the addition of shallow dipping
extensional sheeted veins reflecting the uplift component of the regional deformation. The radial extension exhibited by the
stockwork veins is also compatible with regional uplift and exhumation.
The lithological preference of each different vein style is likely to be a reflection of the competence contrasts between the
dominant lithological domains. For example, the more ductile gneisses are more prone to localizing strain into discrete fault
zones, whereas the more competent and brittle granodiorite is prone to a broader strain distribution expressed by wide zones
of fracturing and veining. As strain accumulates in the fault zones and in the granodiorite, the faults may eventually penetrate
the brittle granodiorite and transect the stockwork and sheeted vein precursors. Where observed in core from Real Minera,
this overprinting is associated with extreme high grades, exceeding 1 ounce per ton gold.
This new understanding of the Vetas vein system forms the backbone to the current 3D model and consequent targeting
strategies. The predictability of vein orientations, strike extensions, structural intersections, dilational jogs and associated high
grade shoots are all related to this kinematic framework. The added confidence in interpreted vein and structural continuity
provides strong support to the geological model underpinning our resource estimation efforts.
The numerous property scale targets can be prioritized in terms of the constraints of the kinematic model.

18

SRK 3D Vein Model

Oblique view of 3D vein interpretation from SRK structural study. Colours distinguish
between different vein families defined by style and preferred orientation.
Yellow and Blue: shear veins striking southwest (El Dorado & La Peter) and westnorthwest (San Bartolo) respectively. Shear veins dip between 45-55 degrees to the north.

Real Minera Sheeted Vein Zone

Red: stacked domains of east dipping porphyry-hosted sheeted veins (Real Minera).
The vein model solids span approximately 1.5km in a NE-SW direction. Drillholes typically
range from 300m to 400m in length.
La Peter Fault Fill Vein

San Bartolo Vein System

100 m

El Dorado Fault Vein

19

Vetas Mines

New model builds continuity between

existing mines providing clear
direction for delineation of Vetas
resource and for exploration targets
beyond known areas.
20

Vetas Mines

New model provides base model for 2012

resource delineation drilling at Real Minera

21

Vetas Mines

New model provides base model for 2012

resource delineation drilling at Real Minera
Green: 2011 drilling
Black: Proposed 2012 drilling

22

Vetas: 2012 Drilling Targets

The conjugate set of fault-fill veins forms corridors of high
grade structures that transect the property
Intersections between the principal structures tend to
develop enhanced fracturing and permeability providing
attractive exploration targets. Also, fault intersections with
the granodiorite pluton may also be expected to develop
zones of enhanced mineralization.

Real Minera drilling

Faulted intersections
with granodiorite pluton

Down Dip + along

Strike Targets

El Dorado drilling

500
m

Down Dip + along

Strike Targets
23

References
Cediel, F., Shaw, R. P. and Caceres, C., 2003. Tectonic assembly of the Northern Andean Block, in C. Bartolini, R. T.
Buffler, and J. Blickwede, eds., The Circum-Gulf of Mexico and the Caribbean: Hydrocarbon habitats, basin
formation, and plate tectonics: AAPG Memoir 79, p. 815 848.
Leal-Meja, H., Melgarejo i Draper, J.C. and Shaw, R.P., 2011. Phanerozoic gold metallogeny in the Colombian Andes;
SGA 2011 conference abstract, 3p.
Paris, G., Machette, M.N., Dart, R.L. and Haller, K.M., 2000. Map and Database of Quaternary Faults and Folds in
Colombia and its Offshore Regions; International Lithosphere Program, U.S. Geological Survey Open File
Report 00-0284, 61p.
Trippet, D., 2012. Structural study and modeling of the Vetas gold property, Colombia; CB Gold internal company
report by SRK Consulting, 73p.

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TSX-V: CBJ
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Head Office:
Suite 907, 1030 West Georgia St.
Vancouver, BC, V6E 2Y3
T: (604) 630-5870 F: (604) 630-5871
Email: info@cbgoldinc.com

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