Zacatecas Silver Corp. · TSXV:ZAC
Zacatecas Silver — Investor Presentation (April 2022)
37 slides from Zacatecas Silver's investor presentation, April 2022
Slide 1: Targeting Near Term Gold and Silver Production with Scalable Upside
Targeting Near Term Gold and Silver Production with Scalable Upside CORPORATE PRESENTATION April 2022 TSX-V: ZAC | OTC: ZCTSF
Slide 2: Forward Looking Statement
Forward Looking Statement Certain statements made and information contained herein may constitute “forward looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation, including, among other things, information with respect
Slide 3: Experienced Board and Management
Experienced Board and Management TSX-V: ZAC | OTC: ZCTSF 3
Slide 4: Experienced Board And Proven Management
Experienced Board And Proven Management Bryan Slusarchuk Chris Wilson PhD, FAusIMM (CP), FSEG President, CEO and Director Chief Operating Officer and Director Mr. Slusarchuk is the former President of rapidly growing gold Dr. Wilson is a commercially-driven exploration geologist with over producer K
Slide 5: Experienced Board And Proven Management
Experienced Board And Proven Management John Lewins Jonathan Richards Director CFO and Director Mr. Lewins is the Chief Executive Officer and Director of K92 Mr. Richards has over a decade of resource-focused accounting Mining Inc and has led the company to become one of the and finance experience.
Slide 6: Experienced Board And Proven Management
Experienced Board And Proven Management Charles Hethey, LLB Nancy La Couveé Legal Counsel and Director Director Mr. Hethey is a securities lawyer in British Columbia and New York Ms. La Couvée is currently Corporate Secretary for K92 Mining Inc. with over 10 years’ experience. Mr. Hethey represents
Slide 7: Project Overview: Multiple Near-Term Benchmarks
Project Overview Multiple Near-Term Benchmarks TSX-V: ZAC | OTC: ZCTSF 7
Slide 8: Esperanza Gold Deposit: High Margin Development Project with Upside Potential
Esperanza Gold Deposit High Margin Development Project with Upside Potential Historical Resource Estimate Historical measured and indicated resource of 34,352,000 tonnes at 0.98 g/t gold and 8.09 g/t silver (1.11 g/t AuEq.) Esperanza Gold Deposit for 1,083,366 ounces of gold and 8,936,201 ounces of
Slide 9: Zacatecas Silver Properties: Inferred Resource and Robust Exploration Potential
Zacatecas Silver Properties Inferred Resource and Robust Exploration Potential Current Resource Estimate Inferred Resource Estimate of 2.7 million tonnes at 187 g/t AgEq (171 g/t Ag, 0.17 g/t Au) for 16.4 million ounces AgEq Zacatecas Silver Property (15 million ounces silver, 15 thousand ounces gol
Slide 10: Multiple Near-Term Benchmarks
Multiple Near-Term Benchmarks Esperanza Gold Project • Qtr 2 of 2022 onwards: Accelerated engagement with local communities and landowners. • Qtr 2 / Qtr 3 of 2022: Field sampling of near deposit and concession wide targets. Prioritization and drill targeting. • Qtr 2 of 2022: Select re-sampling of
Slide 11: Esperanza Gold Project
Esperanza Gold Project TSX-V: ZAC | OTC: ZCTSF 11
Slide 12: Esperanza Gold Project
Esperanza Gold Project A near surface and low technical risk near-surface oxide gold-silver deposit — that is most likely amenable to bulk open pit mining, and gold and silver recovery, via conventional heap leach. Multiple high priority exploration targets immediately adjoining the Esperanza Deposi
Slide 13: Select Gold Deposits Of Mexico and The Guerrero Gold Belt
Select Gold Deposits Of Mexico and The Gurrero Gold Belt TSX-V: TSX-V: ZAC| |OTC: ZAC OTC: ZCTSF ZCTSF 13
Slide 14: Esperanza Gold Deposit — Key Metrics
Esperanza Gold Deposit — Key Metrics 1,083,366 oz Au / 8.94 Moz Ag Historical measured and indicated resource of 34,352,000 tonnes at 0.98 g/t gold and 8.09 g/t silver (1.11 g/t AuEq.) for 1,083,366 ounces of gold and 8,936,201 ounces of silver (1,223,792 AuEq. Ounces). Historical Inferred resource
Slide 15: Global >1 Moz AuEq Oxide Gold Development Projects
Global >1 Moz AuEq Oxide Gold Development Projects Data: Various Online Sources. TSX-V: ZAC | OTC: ZCTSF 15
Slide 16: Esperanza Deposit Geology and Upside
Esperanza Deposit Geology and Upside Prolific Metallogenic Belt Located within the Sierra Madre del Sur metallogenic province. Which includes the prolific Guerro gold belt, host to numerous significant gold-rich skarn deposits. Deposit Geology and Mineralization Esperanza is an oxidized gold-enriche
Slide 17: Gold Mineralization is Near Surface
Gold Mineralization is Near Surface Heap Leach Mineralization has simple morphology that wraps over the top of the feldspar porphyry. It is most likely amenable to standard open pit mining. Near Surface High Grade High grade mineralization either crops-out at surface — or are very close to surface.
Slide 18: Possible Mining and Metallurgical Flow-Path
Possible Mining and Metallurgical Flow-Path Proposed Flowpath No Grinding – No Tailings Bulk open pit mining and heap leach recovery of gold and silver is Crushing mined material and stacking on leach pads is the most a proven flow-path used at many mines worldwide. likely scenario. Avoids high scen
Slide 19: High Priority Exploration Targets Adjoin the Esperanza Deposit
High Priority Exploration Targets Adjoin the Esperanza Deposit Maize Zone of jasperoid (silica outflow zone) with anomalous geochemistry. Northern Contact High priority target covered by South West Extension post-mineralization” volcanic unit. Skarn and marble with iron oxide Two holes drilled 100 a
Slide 20: 6 Additional Prospects Within 14,337 ha Concessions
6 Additional Prospects Within 14,337 ha Concessions Coatetelco 1400 m by 500 m are of jasperoid and brecciated limestone with coincident arsenic-antimony soil anomaly. High priority. Mercury Mines Historical mine workings on quartz-cinnabar veins over 300 by 150 m area. Potential for precious metal
Slide 21: Proactive Engagement With Local Communities And All Levels of Government
Proactive Engagement With Local Communities And All Levels of Government Local Community Engagement Since 2018 there has been proactive engagement with local communities and landowners through establishment of a community relations office in Tetlama. Significant support from local communities for pr
Slide 22: Esperanza Gold Project Acquisition Terms
Esperanza Gold Project Acquisition Terms Acquired 100% of the Project US $5 million cash, US $10 million shares and US $6 million silver stream. Future milestone/development payments of: • US $5 million cash after approval of Environmental Impact Assessment Report • US $14 million cash after complet
Slide 23: Zacatecas Silver Project
Zacatecas Silver Project TSX-V: ZAC | OTC: ZCTSF 23
Slide 24: Zacatecas Silver Project
Zacatecas Silver Project The Zacatecas Silver Project covers 7826 ha (19,338 acres) of concessions hosting multiple, silver-gold-base metal mineralized, epithermal vein systems — and well over 10 strike km of largely untested veins at the Panuco, El Cristo, Muleros and San Manuel-San Gil vein system
Slide 25: Silver Deposits Of The Sierra Madre Epithermal Belt
Silver Deposits Of The Sierra Madre Epithermal Belt Zacatecas in the Heart of the Silver District TSX-V: TSX-V: ZAC| |OTC: ZAC OTC: ZCTSF ZCTSF 25
Slide 26: Multiple Epithermal Vein Systems — Several Largely Untested by Drilling
Multiple Epithermal Vein Systems — Several Largely Untested by Drilling The Panuco Vein System Initial Inferred Mineral Resource Estimate of 2.7 million tonnes at 187 g/t AgEq (171 g/t Ag and 0.17 g/t Au) for 16.4 million ounces AgEq. (See Slide 28 for discussion). Robust exploration upside. The Mul
Slide 27: Drilling Commenced August 2021 and is Ongoing
Drilling Commenced 30 August 2021 and is Ongoing To date 48 angled PQ and HQ diamond holes have been drilled for 7924 m — 40 holes for 6334 m at Panuco and 8 holes for 1592 m at San Gill. Drilling is ongoing at Panuco North where a new discovery has defined near surface mineralization over a strike
Slide 28: The Panuco Vein System — 16.4 Moz AgEq. Inferred Resource Estimate
The Panuco Vein System — 16.4 Moz AqEq. Inferred Resource Estimate and Robust Upside Panuco Central Vein • Resource Estimate at Panuco Central remains open at depth and along strike to northwest. • Near surface mineralization not drill tested. Panuco North Vein (formerly Tres Cruces) • Near surface
Slide 29: Panuco Inferred Resource Estimate
Panuco Inferred Resource Estimate Inferred Mineral Resource Estimate 2.7 million tonnes at 187 g/t AgEq (171 g/t Ag and 0.17 g/t Au) for 16.4 million ounces AgEq comprised of: • Panuco Central Vein 2.1 Mt at 171 g/t AgEq (156 g/t Ag silver and 0.116 g/t Au) for 11.3 Moz AgEq. • Panuco North Vein 0.7
Slide 30: Panuco Bench-Scale Metallurgy Complete
Panuco Bench-Scale Metallurgy Complete • 100 kg bulk sample of historical drill core submitted to SGS Canada for bench-scale — demonstrated robust silver and gold recovery despite low base metal sulphide content. • Bulk sample head grade of 0.25 g/t Au, 169 g/t Ag, 0.41% Zn and 0.14% Pb consistent w
Slide 31: Shallow Drilling At Panuco North — A New Discovery
Shallow Drilling At Panuco North — A New Discovery A New Discovery • Near-surface drilling has defined silver gold mineralization over 500 m — open over 1 km along strike and at depth. • Zacatecas Silver Corp. has tested the Panuco North Vein near surface at its NW extension. 6 drill holes intercept
Slide 32: Panuco North — Discovery Intercepts
Panuco North — Discovery Intercepts Near Surface Intercepts Include: • 1.25 m @ 1440 g/t Ag Eq (1423.2 g/t Ag and 0.23 g/t Au) from 27.48 m downhole (Hole PAN2022-042). • 4.35 m @ 375 g/t Ag Eq (353 g/t Ag and 0.29 g/t Au) from 56.38 m downhole (Hole PAN2022-044). • 5.96 m @ 179 g/t Ag Eq (114.9 g/t
Slide 33: Intermediate Sulphidation Veins — 400 to 600+ m of Depth Potential
Intermediate Sulphidation Veins — 400 to 600+ m of Depth Potential A New Discover – Near Surface • Near surface drilling by Zacatecas Silver discovered silver gold mineralization at SE of Panuco North Vein between 15 to ca. 100 m of surface. Top Of Mineralized System • Vein textures, mineralogy and
Slide 34: Multiple High Priority Vein Systems to be Tested
Multiple High Priority Vein Systems to be Tested Muleros 3 major veins with strike lengths of between 1 to 3 km. A total of 37 historical drill holes incl. Hole MU07-07: assayed 2.30 m grading 1.56 g/t Au and 286.26 g/t Ag (73.95 to 76.25 m). Significant further drilling required. Panuco North Panuc
Slide 35: El Cristo Vein System
El Cristo Vein System Multiple Veins Largely Untested over 3 km Strike • Multiple silver-base metal veins represent NW strike extension of the Veta Grande vein system — the latter with reported historical production of >200 Moz Ag. • Only 8 historical holes drilled. A very robust exploration target.
Slide 36: Share Structure
Share Structure TSX-V: ZAC | OTC: ZCTSF 36
Slide 37: Share Structure
Share Structure Common shares: 82,601,489 Incentive options: 4,717,500 Warrants: 8,705,237 @ $1.50 expiring 12 April 2024 907,924 @ $1.10 expiring 12 April 2024 Fully Diluted shares: 96,932,150 Fully Diluted cash: $27.50 M Cash: $10.75 M Large shareholders include Alamos Gold Inc., Mr. Eric Sprott a
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