Westward Gold Inc · CSE:WG
Westward Gold — Investor Presentation (May 2022)
31 slides from Westward Gold's investor presentation, May 2022
Slide 1: Strategically Positioned in One of the World's Most Prolific Mining Districts
CSE: WG // OTCQB: WGLIF // FSE: IM50 May 2022 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 3,830-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: A District Play
A District Play Westward holds a dominant, district-scale land position in the area, surrounded by major mining companies and private equity funds Properties lie adjacent to Barrick’s past- producing Toiyabe-Saddle Mine to the north and east Toiyabe – Saddle Past-Producing Mine Westward claims cover
Slide 5: Leadership Team
Leadership Team COLIN MOORE | PRESIDENT, CEO & DIRECTOR MARK MONAGHAN | CHAIRMAN & DIRECTOR • Mining finance professional with 14 years of industry experience • 28 years of experience as an investor, adviser, founder, & board member across private equity, investment banking and engineering across se
Slide 6: 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 7: Corporate Focus: A Commitment to ESG
Corporate Focus: A Commitment to ESG Sustainability is fundamental to our success as an organization, and is essential to maintaining our current permits 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 a
Slide 8: Capital Structure
Capital Current Share Price C$0.15 Management, Director s & Ad v isors 21.8% Structure Shares Outstanding 68.18 M Options (avg. strike $0.19) 4.24 M Starcore Inter national 6.0% Warrants (avg. strike $0.21) 26.48 M Mines Fully Diluted Shares Outstanding 98.90 M F i r s t Mining Gold 1.8% Market Capi
Slide 9: 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 Global Financial Crisis = COVID-19 / $700 Expansionary Fiscal + Monetary Po
Slide 10: Nevada Properties
Nevada Properties A Strategic Land Position in a World-Class Mining Jurisdiction
Slide 11: 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 pr
Slide 12: Toiyabe Project
Toiyabe Project Legend Gravity Anomaly • Consists of approximately 1,400 Gravity Thrust Fault hectares of public land, administered Anomaly by the BLM Historical Resource ➢ 165 unpatented mining claims Lower Plate cover the property Carbonates • Historical ~173 koz gold resource Upper Plate associat
Slide 13: Project Grade Comparison
Project Grade Comparison Producing open-pit mines & near-surface deposits in Nevada Toiyabe, 1.20 ➢ The average grade of Toiyabe’s Reward, 0.82 historical (2009) resource Limousine Butte, 0.78 estimate (1) compares favourably with other deposits and Railroad-Pinion, 0.77 producing mines in Nevada Ro
Slide 14: Toiyabe: Historical Resource & Notable Intervals
Toiyabe: Historical Resource Grade Thickness & Significant Drillholes & Notable Intervals DH88-296 DH88-373 • Early drilling of the Courtney Zone historical resource demonstrated near- T-719 surface high-grade mineralization including: T-706 ➢ DH88-373: 67.1m @ 0.88 g Au/t, from surface (incl. 21.3m
Slide 15: Toiyabe: Mineralization Controls
Toiyabe: A-A’ Cross Section Mineralization Controls • Previous Carlin-type deposit exploration models placed importance on high-angle faults as mineralizing structures • Recent work by Rhys et al (2015) (1) demonstrated the role of compressional Horse Canyon structures (thrust faults) on Carlin-type
Slide 16: 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 3,050m of diamond core and 11,900m of RC chips), completed fall of 2021 • 4 key alteration types associated with mineralization: • (
Slide 17: Toiyabe: The Next Carlin-type Discovery?
Major Host Rocks – Cortez Open Pit (1) Toiyabe: The Next Carlin-type Discovery? ✓ Same host rocks as major neighbouring Cortez Deposits ✓ Same orientation and style of mineralization controls ✓ Same structural setting as major Cortez Deposits ✓ Intrusives (dikes / sills) present ✓ Mineralization ope
Slide 18: 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 1,500 hectares of public land, administered by the BLM ➢ 188 unpatented mining claims cover the property • Surface geochemical anom
Slide 19: Turquoise Canyon: Target Zones
Turquoise Canyon: Target Zones Mercury in Soils Gold in Soils • Anomalous gold in soils associated with the Roberts Mountains Thrust • Soil anomalies are continuous from the Toiyabe Courtney Zone immediately to the west Silver in Soils • East-west structures in the historical Toiyabe Zinc in Soils r
Slide 20: Turquoise Canyon: Airborne Hyperspectral Survey
Turquoise Canyon: Airborne Hyperspectral Survey • High ground resolution infrared imaging across multiple wavelength ranges to capture a broad array of mineralogy (completed fall of 2021) • 35 km2 total aerial coverage (focused on TC but also including Toiyabe historical resource, Toiyabe- Saddle Mi
Slide 21: Induced Polarization (IP) Survey
Induced Polarization (IP) Survey • Induced Polarization measures chargeability and resistivity of subsurface material • 17 line-kilometer survey (over 6 lines), primarily covering Turquoise Canyon completed in the fall of 2021 ➢ One line extended directly over historical resource at Toiyabe, in orde
Slide 22: East Saddle Project
East Saddle Project December 2021 Land Expansion • 101 mining claims added immediately south of the Toiyabe and Turquoise Canyon Projects ➢ Increased existing land package by ~27% • Strategic rationale: exposed Wenban Formation and Roberts Mountains Thrust at surface ➢ The same features that host th
Slide 23: Nevada Properties: 2022 Drill Targeting
Nevada Properties 2022 Drill Targeting
Slide 24: Phase 1 Drill Program
Phase 1 Drill Program Courtney Extension Target Zone • Large areas of open mineralization A’ identified outside of the historical resource at the Courtney Zone B B’ • Completion of drill hole grade thickness A map which contributed to the identification of E-W and NW-SE trends of TS Down-Dip mineral
Slide 25: Historical Drilling Review & Target Generation
Historical Drilling Review B Cross-Section B’ Target Generation • Historic drill logs and assays have been integrated with modern gravity, IP, and hyperspectral datasets • Reinterpretation and new understanding of lithologic/stratigraphic and structural controls on mineralization ➢ Toiyabe Hills Fau
Slide 26: Reprocessed Gravity Data
Reprocessed Gravity Toiyabe Turquoise Data Canyon Dw • Previous regional-scale gravity survey reprocessed at a more Dw localized level for improved data resolution and targeting Cal. TH CE • Historical Courtney resource hosted in outcropping Wenban Formation (“Dw”) along Horst and Graben structure ➢
Slide 27: Modern Exploration Methods
Modern Exploration Methods ✓ Advanced understanding of Carlin-style host rocks gained since previous exploration programs resulting in reinterpreted surface mapping and drill logs ✓ Reinterpreting high-grade normal faults as multiple thrusts/ramps caused by compressional tectonic setting – common or
Slide 28: Future Plans & Catalysts
Future Plans & Catalysts H2 2022 / H1 2022 H1 2022 H1 2022 Q2-Q3 2022 Ongoing H1 2023 TOIYABE TURQUOISE TURQUOISE PHASE 1 PHASE 2 FURTHER LAND CANYON & EAST CANYON DRILL DRILL CONSOLIDATION SADDLE PERMITTING CAMPAIGN CAMPAIGN Finalization of Additional field Expand existing Drill campaign to Follow-
Slide 29: Investment Summary
Investment Summary Regional-Scale Gravity ✓ A combined land package of 463 claims covering ~39km2, on trend with some of the largest deposits in the world, in one of the most attractive jurisdictions for mining investment ✓ Favourable host rocks, significant drill intercepts, a historical resource,
Slide 30: 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 31: 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 andrew@westwardgold.com PHONE NUMBER +1 (604) 828 7027 31