Westward Gold Inc · CSE:WG
Westward Gold — Investor Presentation (November 2021)
25 slides from Westward Gold's investor presentation, November 2021
Slide 1: Strategically Positioned in One of the World's Most Prolific Mining Districts
CSE: WG // FSE: IM50 November 2021 westwardgold.com Strategically Positioned in One of the World’s Most Prolific Mining Districts
Slide 2: Cautionary Statements
Cautionary Statements The information contained herein, while obtained from sources which we believe are reliable, is not guaranteed as to its accuracy or completeness. T h i s presentation may contain references to historical information containing geologic and technical information, among other th
Slide 3: Investor Highlights
Investor Highlights Exploring in Barrick’s Backyard Westward has assembled a 3,000-hectare land package in the heart of Nevada’s Battle Mountain-Eureka Gold Trend, one of the most prospective mining districts in the world: TOIYABE PROJECT An advanced-exploration asset with past drilling, active dril
Slide 4: Leadership Team
Leadership Team R AY MON D D . H AR AR I | CE O M A R K MONAGHAN | CHAIRMAN & D I R E C T O R • Founder of Canalis Capital, a merchant bank focused on disruptive • 28 years of experience as an investor, adviser, founder, & board industries member across several industries. • Also serves as President
Slide 5: Technical Advisory Committee
Technical Advisory Committee RICHARD L. BEDELL • Current Chairman of TerraCore, Inc., and past President of the Geological Society of Nevada • Co-Founder of AuEx Ventures, credited with discovering the Long Canyon deposit in Nevada; sold to JV partner Fronteer Gold for $280 million (Fronteer later s
Slide 6: Corporate Focus: A Commitment to ESG
CORPORATE FOCUS: A COMMITMENT TO ESG E N V I R O N M E N TA L SOCIAL GOVERNANCE Westward Gold is We strive for active The Company has adopted, committed to sustainable communication and and enforces, corporate exploration and collaboration with all governance principles and reclamation, responsible
Slide 7: Capital Structure
Capital Current Share Price C$0 .12 Ins ider s / Director s 27.2% Structure Shares Outstanding 46.35 M Options (avg. strike $0.19) 4.24 M Starcore Warrants (avg. strike $0.25) Inter national 8.8% 5.16 M Mines Fully Diluted Shares Outstanding 55.74 M Market Capitalization C$5.6 M F i r s t Mining Gol
Slide 8: Gold: Why Invest?
Gold: Why Invest? Gold Price: History Repeating Itself? Recent history has demonstrated that gold outperforms following periods of economic shock $2,300 $2,100 $1,900 Spot Gold Price (US$/oz) $1,700 $1,500 $1,300 $1,100 $900 $700 Global Financial Crisis = COVID-19 Expansionary Fiscal + Monetary Poli
Slide 9: Nevada Properties
NEVADA PROPERTIES A Strategic Land Position in a World-Class Mining Jurisdiction
Slide 10: Nevada: Why Invest?
Nevada: Why Invest? ✓The most prolific mining jurisdiction in the world: Total Contained Resources – Primary Gold Projects (Moz Au)(2) Nevada boasts the most gold production per square kilometer (1) 0 200 400 600 800 ✓World-class gold deposits: 4 of the top 10 gold mines in Canada North America by p
Slide 11: Toiyabe Gold Project
Toiyabe Gold Project • Situated 10 kilometers southwest of one of Barrick Gold’s 5 core mines, Cortez Hills, which hosts approximately 10 million ounces of gold • Consists of approximately 3,300 acres of public land administered by the U.S. Bureau of Land Management (BLM) • 165 unpatented Mining cla
Slide 12: Toiyabe: Exploration Targeting
Toiyabe: Exploration Targeting Legend Gravity Anomaly • Historical ~173 koz gold resource Gravity Anomaly Fault associated with Roberts Mountain Thrust (“RMT”) Fault Uncertain Fault Undercover • Favourable stratigraphy associated with Thrust Fault anomalous surface values and drill Thrust Fault Unce
Slide 13: Toiyabe: Historical Resource
Toiyabe: Historical Resource • Courtney Zone Historical Resource mostly hosted in mineralized structures between 15 and 75-meter depth, and has demonstrated high-grade drill intercepts including: ➢ T-603: 12.85 g/t over 6.0m (from 42.6m) ➢ T-701C: 14.83 g/t over 1.6m (from 14.6m) ➢ T-706C: 10.92 g/t
Slide 14: Toiyabe: Target Zones
Toiyabe: Target Zones Arsenic in Soils Gold in Soils • Historical resource at Courtney Zone not tested to depth, despite evidence of more widespread dissemination into host rock (84% of holes ended within 180 meters from surface) • Anomalous soils associated with previously- identified California an
Slide 15: Turquoise Canyon Project
Turquoise Canyon Project • Turquoise Canyon shares its western boundary with the Toiyabe Project, and shares many of its structural features • Consists of approximately 3,800 acres of public land, administered by the BLM • 188 unpatented mining claims cover the property • Surface geochemical anomali
Slide 16: Turquoise Canyon: Target Zones
Turquoise Canyon: Target Zones Mercury in Soils Gold in Soils • Anomalous gold in soils associated with the Roberts Mountain Thrust • Soil anomalies are continuous from the Toiyabe Courtney Zone immediately to the west • East-west structures in the historical Toiyabe Silver in Soils resource extend
Slide 17: Turquoise Canyon: Targeting
Turquoise Canyon: Targeting • Gravity geophysical anomalies reveal variations in rock densities, i.e. mineralized areas of host rock will appear more dense than the surrounding lithologies • The combined land package provides for exploration of a large gravity anomaly which straddles the two previou
Slide 18: Nevada Properties: 2021 Field Activities
NEVADA PROPERTIES 2021 Field Activities
Slide 19: Hyperspectral Core Imaging
Hyperspectral Core Imaging • High-resolution RGB (true colour) and infrared hyperspectral imagery of legacy core and chip trays from the Toiyabe Project (approximately 9,000 ft of diamond core and 30,000 ft of RC chips) • Re-logging effort to properly identify lithologies • Mineralogical variation,
Slide 20: Airborne Hyperspectral Survey
Airborne Hyperspectral Survey • High ground resolution infrared imaging across multiple wavelength ranges to capture a wide array of mineralogy • Delineation of surface expression of structures Toiyabe Historical Resource Area • Identification of surface alteration areas • Advanced structural unders
Slide 21: Induced Polarization (IP) Survey
Induced Polarization (IP) Survey • Induced Polarization used to identify electrical charge of subsurface material, such as ore • New 17-kilometer survey at Turquoise Canyon, to complement legacy IP and past magnetic and gravity surveys • One line will extend directly over historical resource at Toiy
Slide 22: Nevada Properties: Summary
Nevada Properties: Summary A combined land package of 362 claims covering ~30km2, on-trend with some of the largest deposits in the world, with anomalous surface geochemistry, favourable structures and host rock, significant drill intercepts, a historical resource, permits in hand, and many addition
Slide 23: Future Plans & Catalysts
Future Plans & Catalysts H2 2021 H2 2021 Q4 2021 Q4 2021-Q1 2022 Q2-Q3 2022 TOIYABE & ONGOING WORK / EXPLORATION TURQUOISE DRILL TURQUOISE RESULTS FROM 2021 TARGETING CANYON CAMPAIGN CANYON FIELD SEASON PERMITTING 2022 Data compilation and Hyperspectral imaging Target development Expand existing Dri
Slide 24: Option Terms
TOIYABE TURQUOISE CANYON • Westward acquired the option on Toiyabe in April • Momentum Minerals Ltd. entered into an option 2021 from Starcore International Mines agreement with First Mining Gold on August 20, 2019, to acquire 100% ownership of the property (Westward • Right to earn into 100% owners
Slide 25: Reach Out
MAILING A D D R E S S REACH OUT 700-1090 W Georgia St Vancouver BC V6E 3V7 EMAIL ADDRESS info@westwardgold.com PHONE NUMBER +1 (604) 828 7027 25
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