Canstar Resources Inc. · TSXV:ROX
Canstar Resources — Investor Presentation (April 2022)
24 slides from Canstar Resources's investor presentation, April 2022
Slide 1: District Scale Gold Exploration in Newfoundland
DISTRICT SCALE GOLD EXPLORATION IN NEWFOUNDLAND Grab samples at Golden Baie have assayed as high as 4,485 g/t gold (Kendell prospect) TSXV: ROX OTCPK: CSRNF April 2022 www.canstarresources.com Q3 2020
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: District Scale Gold Exploration
District Scale Gold Exploration Canstar’s Golden Baie Project in Newfoundland District scale - 774 km2 of claims at southern end of the newly emerging Central Newfoundland gold belt ISLAND OF NEWFOUNDLAND Favorable setting - Along same crustal scale fault corridor and geological setting as oroge
Slide 4: Compelling Opportunity
Compelling Opportunity CAPITALIZATION Other 50% $1,265 investors Shares issued 108.5M Market capitalization (at C$0.27/share) C$29M Eric Sprott 9% Warrants (average exercise price $0.28) 33.2M 4% 26% 11% Options (average exercise price $0.28) 8.9M Fully diluted shares 150.3M Management & Cash & equi
Slide 5: Strong Exploration Team & Board
Strong Exploration Team & Board Exploration team with extensive experience at Labrador Gold, Anaconda, Detour Gold, IAMGOLD, Sabina Gold & Silver, TMAC, and Altius Minerals Management Independent Directors Robert Bruggeman – President & CEO, Director Jacqueline Allison – Chairwoman P.Eng (Ontario)
Slide 6: Central Newfoundland Gold Belt
Central Newfoundland Gold Belt Very little historic drilling along a 200+ km corridor New Found Gold, March 24, 2022: “The AFZ is interpreted to be a significant, deep-seated thrust fault, that strikes southwest across the full 100km+ length of the property and is likely the main conduit for the go
Slide 7: Emergence of a New Gold Belt in Canada
Emergence of a New Gold Belt in Canada Similar size to the Abitibi Gold Belt Central Newfoundland Gold Belt Abitibi Gold Belt for scale Golden Baie “…the central Newfoundland gold belt is emerging as the next significant mining and exploration jurisdiction in Canada” - Ian Honsberger, Geological Sur
Slide 8: Early Mover Advantage & Early Success
Early Mover Advantage & Early Success Multiple very high-grade gold discoveries 100 km recently made to the north of Golden RIL Baie along the same fault corridor Canstar was an early mover, acquiring large claim blocks at the south end of the GRUB fault corridor due to similar structure and geolo
Slide 9: Golden Baie Project Location
Golden Baie Project Location First world jurisdiction with good access Located in the “Coast of Bays” region of southern Newfoundland Baie d’Espoir highway bisects the Golden Baie Project claims, providing good access to the core claims Straightforward permitting and can drill year-round Are
Slide 10: Golden Baie Project – Central Portion
Golden Baie Project – Central Portion Gold anomalies at surface spanning ~40 km along strike…so far G N TSXV: ROX 10
Slide 11: Reported Drill Intercept Highlights
Kendell Prospect – 2021 Drill Results 32 of 36 holes drilled in 2021 (2,620 m) returned meaningful gold intercepts Shallow gold mineralization, including visible gold, associated with quartz veins and disseminated sulphide mineralization shallowly dipping to the northwest and open along strike a
Slide 12: 2021 Exploration Focus Area
2021 Exploration Focus Area Kendell Prospect Area - Looking Northeast Blow Out Target Boulders 36.1 g/t Au and 19.2 g/t Au Skidder Target 289.3 g/t Au (float) 13 boulders over 5 g/t Au Kendell Prospect Best historic grab 4,485 g/t Au Landing Showing Float: 5/14 samples over 1 g/t Au, from 11.8 to 33
Slide 13: 2M+ oz Gold Deposits Started Like Canstar
2M+ oz Gold Deposits Started Like Canstar Impressive grade-thickness for maiden drill program at Kendell prospect Canstar’s best hole from 2021 drill program is comparable to initial drill results that turned into major Canadian gold discoveries Kendell GB-21-01 Kenorland studied the discovery metri
Slide 14: 2022 Winter Drill Program – Kendell Prospect
2022 Winter Drill Program – Kendell Prospect Commenced in early February to test continuity of gold mineralization along strike and down-dip/plunge Original drill program of 2,000 metres was increased to 3,000 metres in mid-March Gold mineralization is near- surface – 39 diamond drill holes co
Slide 15: 2022 Exploration Program
2022 Exploration Program Largest program ever on these claims Canstar has budgeted approximately C$6 million for 2022 exploration Drilling Kendell, 97 West, and Skidder area Drill Target Generation – Trenching, Goldspot Discoveries data analytics Geochemistry and Geophysics– Soil sampling, till sa
Slide 16: 2022 Regional Exploration Targets
2022 Regional Exploration Targets ~1,000 prospecting rock samples collected in 2021 Skidder Target − 289.3 g/t Au boulder with visible gold 1.2 km NE of the high-grade Kendell prospect − 500 m x 400 m area with float up to 21.7 g/t Au and outcrop up to 30.3 g/t Au Kendell SW Extension Target − 6
Slide 17: Skidder Target - 289 g/t Au Boulder
Skidder Target - 289 g/t Au Boulder Quartz boulder 40 cm in the maximum dimension discovered in 2021 Coarse visible gold hosted in recrystallized grey quartz in close association with arsenopyrite – similar host sequence to Kendell prospect, but too far for that to be the source Conducting glacia
Slide 18: Summary
Summary 774km2 Golden Baie property located in a new gold exploration district Extensive anomalous gold trend and early drill success confirms orogenic gold potential, similarities to NFG’s Queensway project Little historical exploration, less than 20,000 m drilled Largest exploration progra
Slide 19: Appendix
-TSXV: ROX CANSTAR Resources Inc. Appendix
Slide 20: Golden Baie Option Agreements
Golden Baie Option Agreements Key terms – equity & NSR with low cash payments Sep. 2020 - Option agreement with Altius Minerals and two local prospectors to acquire 100% interest in 61,150 ha Golden Baie claims − $250,000 in cash payments and up to 13.5 million Canstar shares over 3 years − $1.0M
Slide 21: 2021 Kendell Drill Results – Plan Map
2021 Kendell Drill Results – Plan Map 36 diamond drill holes totaling 2,620 metres A GB-21-53: 12.2g/t Au over 3.9m GB-21-05: 9.7 g/t Au over 3.8m GB-21-51: GB-21-03: 8.9 g/t Au over 4.0m 11.7 g/t Au over 3.0m Channel M: 10.4 g/t Au over 7.9m Channel L: 9.4 g/t Au over 6.9m GB-21-50: 11.8 g/t Au ove
Slide 22: 2021 Kendell Drilling – Section A-A'
2021 Kendell Drilling – Section A-A’ Good continuity of gold mineralization over ~100 m Gold mineralization primarily in hanging wall above a A A’ graphitic shale horizon with apparent zone thickness from 1 to 11 meters Good continuity of mineralization between drill holes Mineralization is op
Slide 23: Multiple Styles of Gold Mineralization
Multiple Styles of Gold Mineralization Historical work at Golden Baie identified two styles of gold mineralization: i. disseminated sulphides (arsenopyrite, pyrrhotite, pyrite and stibnite) associated with carbonate alteration and Arsenopyrite with gold hosted within felsic to intermediate tuffs a
Slide 24: Other Exploration Properties
Other Exploration Properties Buchans/Mary March 15,800 hectares, surrounding the past producing Buchans Mine with little or no modern, systematic exploration for VMS deposits Discovery holes drilled at Mary March by Phelps-Dodge in 1999-2000: • 4.2 g/t Au, 122 g/t Ag, 10.1% Zn, 1.8% Pb, 0.64% Cu
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