MAY 2016

TSX-V: SSP
US OTC: SSPXF

TOROPARU GOLD PROJECT

DEVELOPING THE WESTERN GUYANA GOLD DISTRICT
Sandspring Resources is focused on bringing into production its 100%-owned
4.1 million ounce Toroparu Gold Project, while continuing to explore its
98,214-hectare concession with the aim of realizing the geologic potential
of this highly prospective, mining-friendly jurisdiction.

MARKET CAPITAL

C$58.4 M

AT MAY 6, 2016, BASED ON 108.2 MILLION

SHARES ISSUED AND OUTSTANDING

CASH POSITION

C$8.5 M

GUYANA
SOUTH
AMERICA

AT MAY 6, 2016, FULLY FINANCED FOR

2016 EXPLORATION AND COMPLETION
OF DEFINITIVE FEASIBILITY STUDY

The Toroparu Deposit is one of the worlds largest undeveloped gold resources owned
100% by a junior mining company. The project has its Environmental Authorization,
Mineral Agreement and Fiscal Stability Agreement in place. A definitive feasibility
study for the project is underway and will provide the engineering and economic
information that Sandspring needs to make a construction decision.
PROJECT ECONOMICS
A pre-feasibility study completed for the Toroparu Project in 2013 at US$1400/oz gold
outlined the design of an open-pit mine producing 228,000 ounces of gold per year
over an initial 16-year mine life. The estimated US$464 million pre-production capex is
paid back in 2.6 years, with an after-tax IRR of 23.1% and an NPV5% of US$691 million.
Sandspring has signed a Memorandum of Understanding with the Guyana
Government giving Sandspring exclusive rights to develop the Kurupung Hydro
Project, approximately 50 km south of the Toroparu Project. Optimizing the projects
power supply by building the proposed run-of-river hydroelectric facility could reduce
the estimated US$700/oz operating cash cost to ~US$584/oz. The hydro project would
also bring significant cost benefits to other mining projects in the region, and benefit
local communities by eventually providing power to the Guyana power and light grid.
SILVER WHEATON GOLD & SILVER PURCHASE AGREEMENT
Project economics are further improved through an agreement with Silver Wheaton,
whereby Silver Wheaton contributes a total of US$153.5 million in return for 10% of
life-of-mine gold production (at US$400/oz) and 50% of life-of-mine silver production
(at US$3.90/oz). Silver Wheaton has contributed US$15.5 million to date, with the
remaining US$138 million to be paid in installments during project construction.
Reserves, resources and project economics were outlined in the pre-feasibility study prepared by SRK Consulting
(U.S.) Inc. with an effective date of May 8, 2013, entitled NI 43-101 Technical Report Pre-Feasibility Study,
Toroparu Gold Project, Upper Puruni River Area, Guyana available on the Companys website and on SEDAR.

LEVERAGE TO RISING GOLD PRICE

4.1 M ozs
2P RESERVES
(127 MT @ 1.0 G/T GOLD)

6.9 M ozs
M&I RESOURCES
(240 MT @ 0.9 G/T GOLD)
(INCLUSIVE OF RESERVES)

3.1 M ozs
INF RESOURCES
(129 MT @ 0.7 G/T GOLD)

significant copper
and silver by-product
credits
SILVER WHEATON AGREEMENT

US$153.5 M
FOR 10% OF GOLD PRODUCTION AND 50%
OF SILVER PRODUCTION, REDUCES CAPEX
BY ~30% AND VALIDATES THE PROJECT

Sandspring Resources
PROJECT GEOLOGY & EXPLORATION
The Toroparu Project and surrounding gold anomalies lie at the edge of a large
bending zone in the Puruni Shear Corridor, a regional feature that can be traced more
than 100 km into the prolific Venezuelan Gold District.
Sandspring controls a 98,214-hectare mineral concession in the Upper Puruni Region of
the Western Guiana Shield, which is also host to two multi-million ounce gold deposits
that were recently advanced to production: Guyana Goldfields Aurora Mine and Troy
Resources Karouni Mine. The volcano-sedimentary belts of the Guiana Shield are
analogous to the West African Shield, where systematic surface exploration over the last 25
years has identified more than 30 gold deposits, most of which are currently in production.
Through more than 190,000 metres of drilling, Sandspring has delineated the main
Toroparu and Satellite deposits that were included in the pre-feasibility study, along with
other mineralized areas and promising anomalies that have the potential to expand the
resource base with infill drilling. Extensive geochemical surveys have identified a large
hydrothermal halo that extends for 20 km x 7 km around the Toroparu Deposit, with a
cluster of ten gold anomalies that represent advanced-stage exploration targets.
Sandsprings 2015
exploration program
confirmed the
continuity of highergrade mineralization
at the Sona Hill
deposit, 5 km
southeast of Toroparu.
Sandspring plans to
drill an additional
8,000 metres at
Sona Hill in 2016
with the objective of
establishing a highergrade resource that
could improve project
economics.

BOARD OF DIRECTORS
John Adams
Chairman
Richard Munson
Director & CEO
Greg Barnes
Director & Executive VP
Suresh Beharry
Independent Director
David Constable
Independent Director
David Laing
Independent Director
Harry Pokrandt
Independent Director
Frank Giustra
Independent Director

Otomung
Concession

Toroparu
Au-Cu Deposit

Sona Hill
Deposit

Geochemical surveys
in 2015 identified
new gold anomalous
features in the Otomung Concession north of Toroparu. The results suggest a geological
context similar to that of the Toroparu Deposit, which fits Sandsprings shear zone
bending extensional-compression geological model. Sandspring will continue with
mapping and surface sampling at Otomung in 2016 to delineate drill targets in this
previously unexplored area.
DOING BUSINESS IN GUYANA
Guyana is part of the British Commonwealth and the only English-speaking country in
South America. The country has a stable democratic government and a long history of
mining for gold, diamonds, bauxite and manganese. Two new gold mining projects have
advanced to production in the last 12 months, testament to the governments support
for mining and the straight-forward permitting regime. Guyana Goldfields project
finance was led by the International Monetary Fund, underscoring Guyanas stability
and acceptance as a mining-friendly jurisdiction. The country has a fair tax system and
a reasonable royalty structure. Sandsprings leadership team has worked in Guyana for
more than 16 years and built strong relationships with government, regulators and local
communities.

SANDSPRING RESOURCES LTD.

9137 East Mineral Circle
Suite 180
Centennial, Colorado
USA 80112
info@sandspringresources.com
www.sandspringresources.com
Investor Relations: 604-609-5132