Canex Metals Inc · TSXV:CANX
Canex Metals — Investor Presentation (November 2019)
18 slides from Canex Metals's investor presentation, November 2019
Slide 1: CANEX Metals Inc. – Update – Gold Range Project
CANEX METALS INC. CANX:TSX-V CANEX www.CANEXMetals.ca METALS Creating value through discovery – High Grade Gold – Silver – Copper Focused CANEX Metals Inc. – Update - Gold Range Project Arizona November 2019 CANX:TSX Venture Exchange
Slide 2: CANEX Share Structure and Capital
CANEX Share Structure and Capital As of September, 2019 CANEX owns: 6 million shares of Spruce Ridge Issued and Outstanding Shares 43 million Resources (Nov 2019 value $270,000) Outstanding Stock Options (Ave. price $0.06) 2.2 million Outstanding Warrants 7.1 million Fully Diluted 52.3 million Share
Slide 3: Experienced and Successful Management Team
CANEX Metals Inc. Experienced and Successful Management Team From 2002 to 2008 our team, with Tyler Resources, discovered and subsequently sold a half billion tonne copper deposit in Mexico to Jinchuan Group for $214 million. From 2007 to 2011 our team, (formerly Northern Abitibi Mining), discovered
Slide 4: Gold Range Project - Arizona
Gold Range Project - Arizona • Arizona is a major mining State: second largest producer of metallic minerals in the US (behind Nevada) and the largest producer of copper • Multiple operating and past producing gold mines • Northern Arizona contains underexplored Precambrian metamorphic rocks prospec
Slide 5: Gold Range Project - Arizona
Gold Range Project - Arizona • New discovery in early 2019 of a gold quartz vein under shallow cover highlights the potential of the historic placer and lode mining district • The discovery of coarse gold in quartz in the photo above was made by a prospector using a metal detector, and was found und
Slide 6: Geologic Setting and Exploration Target
Gold Range Project – Geologic Setting and Exploration Target • Mesothermal gold-quartz veins in a Cretaceous (Laramide) accretionary – collisional tectonic setting, with associated deformation, faulting, and intrusions Potential analogies - Motherload Belt California (Cretaceous to Jurassic) multi m
Slide 7: Claim map and emerging targets
Gold Range Project – Claim map and emerging targets • The property consists of 72 lode mining claims (roughly 552 Ha) • Gold in quartz veins seen over a 2.8 km trend • Galena (with or without gold) seen over a 2.5 by 2.8 km area - assays are pending for 182 samples • A clear association between gold
Slide 8: Adit Shear Zone
Gold Range Project – Adit Shear Zone • CANEX mapped and systematically chip sampled the Adit Zone in preparation for the October trenching program • A central large vein with a halo of veining identified and targeted for trenching • Numerous samples have returned strong gold from the zone Adit Shear
Slide 9: October 2019 Trenching Program
Gold Range Project – October 2019 Trenching Program • 8 trenches excavated, mapped and sampled • 6 trenches along the Adit Shear Zone • 2 trenches exposing the Discovery Zone • Assay results are pending for 182 rock and 10 soil samples • Trenching and prospecting program total cost US $51,000 (CAN $
Slide 10: Adit Zone Trenching
Gold Range Project – Adit Zone Trenching Zone has been systematically mapped and chip sampled CANX:TSX Venture Exchange
Slide 11: North and South Adit Shear Zone
Gold Range Project – North and South Adit Shear Zone • Trench 8 exposed a gold bearing quartz vein adjacent to an inclined shaft • Vein strikes NW consistent with the Adit Shear Zone trend • Gold has been panned from hematite rich gouge on the edge of the vein, and found within quartz on cut surface
Slide 12: Discovery Zone Trenching
Gold Range Project – Discovery Zone Trenching Original discovery of coarse gold made with a metal detector in early 2019 • Trenches 6 and 7 encountered sericite altered felsic dike and pegmatite with strong quartz veining • Coarse gold not found in trenching but quartz veins with cavities similar to
Slide 13: New Targets – new targets identified during October fieldwork
New Targets – 5 new targets identified during October fieldwork Tin Shack Mine Tin Shack Mine – Past Producer acquired by staking - 4m wide vein and shear zone Shear/ shaft zone - Underground workings mostly accessible for mapping and sampling - At least 3 sub parallel mineralized zones along the ma
Slide 14: New Targets – East Zone
New Targets East Zone East Zone - 700m long trend of historic adits and workings acquired by staking - Visible gold seen in multiple samples - Quartz with galena and copper sulfides or oxides CANX:TSX Venture Exchange
Slide 15: New Targets – Central Zone
New Targets Central Zone Central Zone - 950m long trend of gold bearing quartz-sulfide veins - Multiple quartz veins occur in the zone, associated with felsic dikes and pegmatites - Excellent access, well suited to soils and trenching prior to drill testing CANX:TSX Venture Exchange
Slide 16: New Targets – Pit Zone
New Targets Pit Zone Pit Zone - High grade vein with veined halos partially mined by an open pit and heap leach - High grade quartz vein also mined by extensive underground workings - Intersection of two mineralized trends in the pit area possibly responsible for wider zone of mineralization CANX:TS
Slide 17: What is next?
Gold Range Project – What is next? Next Steps • Results from 182 rock and 10 soil samples pending (expected around mid December) • Airborne magnetic survey being scheduled to help with geologic interpretation and structural targeting of gold zones (late November to early December) • Mapping and samp
Slide 18: Website: www.CANEXMetals.ca
Website: www.CANEXMetals.ca Creating value through discovery CANEX Metals Suite 815, 808 – 4th Ave S.W. Calgary, AB, T2P 3E8 For More Information contact Ph. 403-233-2636 Dr. Shane Ebert P.Geo. President ebertshane@gmail.com CANX:TSX-V CANX:TSX Venture Exchange