Canstar Resources Inc. · TSXV:ROX
Canstar Resources — Investor Presentation (November 2023)
30 slides from Canstar Resources's investor presentation, November 2023
Slide 1: District Scale Exploration in Newfoundland
DISTRICT SCALE EXPLORATION IN NEWFOUNDLAND November 2023 Q3 2020 TSXV: ROX OTCPK: CSRNF www.canstarresources.com
Slide 2: Disclaimer & Forward Statements
Disclaimer & Forward Statements Disclaimer This presentation contains a review of the Company’s projects in Canada. Viewers are cautioned that the projects are at an early stage of exploration and that estimates and projections contained herein are based on limited and incomplete data. More work is
Slide 3: A Golden Opportunity in Newfoundland
A Golden Opportunity in Newfoundland Over 600 km2 of claims held in an emerging new orogenic gold Major Structure Producer/Past Producer district in Newfoundland that has similar geology as other ISLAND OF Resource/Developer NEWFOUNDLAND orogenic belts with multi-million ounce gold deposits Explor
Slide 4: Compelling Opportunity for Value Creation through Discovery
Compelling Opportunity for Value Creation through Discovery CAPITALIZATION (at Nov. 9, 2023) Robert Bruggeman – President & CEO, Director Shares issued 113.8M CFA charter holder with more than 20 years’ experience in equities research, trading, and investment. Previous Interim Market capitalization
Slide 5: District Scale Property with Multiple Targets
District Scale Property with Multiple Targets Prospective structures and geology with little historic exploration HWY Tenement Legend 360 Golden Baie - 28 licenses (440 km2) Hermitage– 1 licenses (32 km2) Roti – 4 licenses (18 km2) Swangers Cove- 2 licenses (17 km2) Golden Grit- 4 licenses (14 km2)
Slide 6: Located in an Attractive Jurisdiction
Located in an Attractive Jurisdiction Tremendous discovery potential – Canstar holds district-scale claims with extensive gold anomalism in this new orogenic gold district N&L ranked 4th most attractive jurisdiction in 2022 Fraser Institute survey Well-developed infrastructure - paved highway thro
Slide 7: Central Newfoundland Gold Belt – Queensway & Golden Baie
Central Newfoundland Gold Belt – Queensway & Golden Baie Same belt and similar geology (Ordovician marine siliclastics) ROX: 15,136 meters in 152 holes NFG: 321,244 meters in 1,187 holes* Historic Drilling: 10,241 meters in 110 holes Historic Drilling: 29,593 meters in 246 holes* Total Drilling: 25,
Slide 8: Comparison to Other Orogenic Gold Belts
Comparison to Other Orogenic Gold Belts Analogue: Bendigo Zone, Victorian Goldfields, Australia Major Structure 100 km Major Structure Ordovician - siliciclastics Regolith Cover Cambro-Ordovician - siliciclastics/volcanics (potential 32 Moz*) Gander Devonian - granitoids Siluro-Devonian - granitoids
Slide 9: Orogenic Gold Belts – Immense Size and Scale
Orogenic Gold Belts – Immense Size and Scale Analogue: Mother Lode district, Sierra Nevada Foothills, USA Major Structures Orogenic gold deposits in the Mother Lode district do Sierra City Paleozoic-Mesozoic not have a big surficial footprint but are ‘ore shoots’ Alleghany – supracrustal rocks 17
Slide 10: Golden Baie Project – Extensive Gold Anomalies & Targets
Golden Baie Project – Extensive Gold Anomalies & Targets Gold-in-soil anomalies span 40 km along strike Extent of gold anomalies suggests potential for multiple deposits Lots of smoke! Still early in the exploration process with only 25,400 m drilled on a large property Two styles of mineraliz
Slide 11: Golden Baie Project – 100+ Rock Samples Grading >10 g/t Au
Golden Baie Project – 100+ Rock Samples Grading >10 g/t Au Over 500 +1 g/t Au rock samples across 100 km of strike Best grab sample to date graded 4,485 g/t Au at Kendell Brand new discovery in 2022 at south end of trend with outcrop samples up to 18 g/t Au Boulders with 289 g/t Au grab sample
Slide 12: Golden Baie – The Prospective Little River Trend
Golden Baie – The Prospective Little River Trend 15 km trend near a paved highway with multiple targets Little River trend has a large concentration of gold-in- soil/till/rock anomalies Drilling to date has identified the high-grade Kendell prospect and the bulk tonnage Wolf Pond prospect, but o
Slide 13: Kendell Prospect – Golden Baie's Most Advanced Target
Kendell Prospect – Golden Baie’s Most Advanced Target Coarse visible gold discovered in 2019 with rock grab samples grading up to 4,485 g/t gold Maiden drill program on Kendell prospect in 2021 confirmed orogenic gold mineralization – first hole intersected 9.6 g/t Au over 7.75 m, from 7.45 m do
Slide 14: Kendell Prospect Drill Results – Plan Map
Kendell Prospect Drill Results – Plan Map 195 metre high grade gold trend defined by 2021/2022 drilling High-grade orogenic gold mineralization in quartz veins and surrounding disseminated sulphides starts at surface and has been traced downdip for about 200 m Gold mineralization has shallow plu
Slide 15: Kendell Prospect Drill Results – Vertical Section
Kendell Prospect Drill Results – Vertical Section Good gold continuity along a structure, bounded by black shales Black shales in vicinity of gold mineralization believed to be important for structural preparation These structures continue to the northwest and are seen in other areas Looking Nor
Slide 16: Little River Trend Gold Anomalies
Little River Trend Gold Anomalies Up to 1,049 gold grains in till – highly anomalous! Multiple till samples with >100 gold grains, up to 1,049 gold grains Up to 86% of gold grains in till samples considered to be pristine, suggesting close proximity of samples to bedrock source Distribution of
Slide 17: Skidder Boulder Target
Skidder Boulder Target Skidder Boulder – 289 g/t Au 289 g/t Au sample from boulder with galena and arsenopyrite Located 1.2 km NE (up ice) of Kendell prospect – indicates a different source of mineralization that is unsourced Area of interest has considerable quartz vein float > 5 g/t Au Are
Slide 18: East Blow Out Target
East Blow Out Target East Blow Out Boulder – 197 g/t Au Silicified float boulder containing abundant fine grained visible gold 0.5 m channel samples cut into the boulder returned assays of 197.0, 45.6, and 29.6 g/t gold Found in an area with till cover - angular shape suggests bedrock source i
Slide 19: Wolf Pond Prospect – Bulk Tonnage Potential
Wolf Pond Prospect – Bulk Tonnage Potential Adjacent to a paved highway with large footprint Historical (1980s) drilling identified a 450 m trend of shallow gold mineralization, 5-8 m thick and averaging 1- 2 g/t gold, that is open at depth and along strike Four drill holes drilled in 2022 into
Slide 20: Wood Cutter Target
Wood Cutter Target Recent discovery due to logging activity in the area Discovered by Canstar in 2022 Demonstrates how new grassroots discoveries can be made on these claims, even in areas with excellent access Near the Wolf Pond prospect but with indications of high grade gold mineralization
Slide 21: Facheux Bay – New Gold Discovery in Outcrop
Facheux Bay – New Gold Discovery in Outcrop Highlights potential for new discoveries on Golden Baie claims Located at the SW end of the Golden Baie property (43 km SW of the Kendell prospect) Area with no known historical exploration Quartz vein with visible gold in hole GB-21-01 2022 explorat
Slide 22: Facheux Bay – High Priority New Exploration Target
Facheux Bay – High Priority New Exploration Target 9 km long potential structural trend based on recent Mag-VLF survey Outcrop anomalies grading up to 18 g/t gold correspond with mag low and high chargeability features along a regional fault, 7 km of which has yet to be sampled High resolution a
Slide 23: Buchans-Mary March VMS Claims
Buchans-Mary March VMS Claims The Buchans mine was one of the world's highest grade polymetallic VMS producers (16.2 Mt @ 14.5% Zn, 7.6% Pb, 1.33% Cu, 126 g/t Ag and 1.37 g/t Au) The Mary March claims (56% Canstar, 44% Glencore) hosts one of the best holes ever drilled away from the Buchans mine
Slide 24: Buchans Area Resources & Targets
Buchans Area Resources & Targets a a s e e B a s is i es es e a sB ea s e s e a e i s e a e e i B e s e a es e i e a s e e Bea e i s e e e e B a s e si is i es es e se s e e ea e a i B a a s is i ia a e ea TSXV: ROX 24
Slide 25: Buchans-Mary March Polymetallic Project
Buchans-Mary March Polymetallic Project 12,288 ha of claims in a historic mining district in Newfoundland A 2017 Skytem EM survey generated multiple drill-ready targets These are compelling VMS targets due to lack of graphitic shales in this area Any historic drilling of these EM targets has b
Slide 26: Summary – A Golden Exploration Opportunity
Summary – A Golden Exploration Opportunity District-scale property along a new orogenic gold belt in Newfoundland, a mining-friendly jurisdiction with low geopolitical risk Widespread gold anomalism spanning 100 km strike length, indicating the potential for multiple high-grade gold discoveries,
Slide 27: Appendix
CANs1 irees Inc. Appendix Po : ey { nd i & ; im 4 : > f Seale « ; h 4 TSXV: ROX @)
Slide 28: A New Orogenic Gold Belt in Newfoundland, Canada
A New Orogenic Gold Belt in Newfoundland, Canada “… e e a e f a e is e e i as e ex si ifi a i i a ex a i j is i i i a a a” - Ian Honsberger, Geological Survey of Canada Closure of the Iapetus Ocean and formation of the Appalachian mountains led to orogenic gold emplacement in central NL New Found
Slide 29: Orogenic Gold Belt Spanning from the USA to Europe
Orogenic Gold Belt Spanning from the USA to Europe Dalradian Tyrone 3.0 Moz MI&I Marathon Gold Galway Ottawa Valentine 5.0 Moz MI&I Galway Metals Newfound Gold Clarence Stream Queensway 1.2 Moz MI&I Canstar Golden Baie First Mining J ’s Hope Brook St. Barbara Signal Gold 1.4 Moz MI&I New York Moose
Slide 30: Golden Baie - Mineralization Styles
Golden Baie - Mineralization Styles Acicular to equant arsenopyrite disseminations Coarse to fine grained free gold associated with in wall rock adjacent to silicified and/or quartz- recrystallized, complexly folded quartz-carbonate carbonate-sericite vein zones. veins. TSXV: ROX 30
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