Canex Metals Inc · TSXV:CANX
Canex Metals — Investor Presentation (February 2023)
24 slides from Canex Metals's investor presentation, February 2023
Slide 1: Creating Value Through Discovery: Gold Focused, Gold Range Arizona
CANX:TSX Venture Exchange CREATING VALUE THROUGH DISCOVERY: GOLD FOCUSED GOLD RANGE ARIZONA February 2023 www.canexmetals.ca
Slide 2: Forward Looking Statements
CANX:TSX Venture Exchange FORWARD LOOKING STATEMENTS Disclaimer and Qualified Person Except for the historical and present factual information contained herein, the matters set forth in this presentation, including words such as “expects”, “projects”, “plans”, “anticipates” and similar expressions,
Slide 3: Investment Overview
CANX:TSX Venture Exchange INVESTMENT OVERVIEW • NEW DISCOVERY: Gold Range Oxide-Gold Project in Northern Arizona, USA • HIGHER GRADES: Many drill holes have returned grades in excess 1 g/t gold vs. 0.5 g/t gold average for western USA projects • POTENTIAL FOR SIGNIFICANT SCALE: Multiple large scale
Slide 4: Arizona: Why Arizona?
CANX:TSX Venture Exchange ARIZONA FAVORABLE GEOLOGY GOLD IN ROCK SAMPLES Why Arizona? IN AN UNDEREXPLORED BELT FITS TARGET CRITERIA CONFIRM WIDESPREAD GOLD MINERALIZATION Stable top-tier mining jurisdiction The 2nd largest metal producer in the United States Ranked #2 in terms of Mining Investment A
Slide 5: Gold Range Project: New Discoveries in 2022
GOLD RANGE PROJECT: 4 NEW DISCOVERIES IN 2022 • High grade veins and bulk tonnage halos in metamorphic and intrusive rocks • Surface geochemistry is highly effective for outlining mineralized zones • To date, Canex has focused most of it’s efforts on a 3.2 km by 0.5 km gold mineralized system (Eldor
Slide 6: Overview: Gold Range: Scale + Grade
OVERVIEW: GOLD RANGE: SCALE + GRADE • Historic gold mining district in Northern Arizona with limited modern exploration • District scale controlling structures identified • 3.2km long mineralized trend being defined by drilling • Good grades: Most holes returning gold grades in excess of 0.5 g/t (in
Slide 7: Near Term Catalysts
CANX:TSX Venture Exchange NEAR TERM CATALYSTS • Drilling at Gold Range to commence in the coming weeks • Our highest priority exploration targets and expansion zones will be drill tested near-term: 1. WestGold 2. Excelsior Parallel Zones and NE expansion 3. New Shaft discovery • A LIDAR and high res
Slide 8: WestGold Target: New Surface Discovery
WESTGOLD TARGET: NEW SURFACE DISCOVERY Location Map • Fieldwork in December 2022 has confirmed an intrusion and metamorphic hosted gold target at WestGold • Near term drill target • WestGold is the strongest Au-in-soil anomaly on the property and has never been drill tested Chip sampled exposures of
Slide 9: WestGold: New Surface Discovery
CANX:TSX Venture Exchange WESTGOLD: NEW SURFACE DISCOVERY • The WestGold target has excellent size potential • Drill testing from the top of the hill could intersect multiple historic workings prior to hitting the main soil target at depth (some long intersections??) 9
Slide 10: WestGold: Larger Scale Target
CANX:TSX Venture Exchange WESTGOLD: LARGER SCALE TARGET • Near term (early March) drill test planned pending permit amendment • Targeting up to 175m of cumulative thickness in 3 zones • Both high grade veins and mineralized halos sampled at the zone 10
Slide 11: Excelsior Zone
CANX:TSX Venture Exchange CANEX can earn 90 to 100% interest by issuing 2.75m EXCELSIOR ZONE shares, spending US$4.5m on exploration over 4.5 years, and making bonus payments based on contained gold Multiple mineralized zones HIGHLY OXIDIZED NEAR SURFACE ZONE Well exposed Excelsior Mine is on a pate
Slide 12: Excelsior Zone
CANX:TSX Venture Exchange EXCELSIOR ZONE • Zone is open along strike • Parallel zones being identified – assays pending for 6 holes Strong grades, oxidized, and near surface Excellent open pit geometry and expansion potential D D’ • 1.0 g/t Au over 59.5m incl. 1.4 g/t over 32m • 1.6 g/t Au over 35.1
Slide 13: Excelsior: New Discovery
EXCELSIOR: NEW DISCOVERY • New Discovery of several parallel zones of mineralization • 3 to 4 zones that run parallel to Excelsior have been mapped and sampled to the southeast • Widths on surface up to 40 metres or more with strong veining – all zones project under cover • Drill sites selected for
Slide 14: Eldorado Zone: Near Surface Bulk Tonnage Gold Discovery
CANX:TSX Venture Exchange ELDORADO ZONE NEAR SURFACE BULK TONNAGE GOLD DISCOVERY Location Map • Eldorado Near surface gold intercepts: • 1.3 g/t over 21.3m • 0.9 g/t over 27.4 m • 0.6 g/t over 22.9m • 0.6 g/t over 21.3m • 0.5 g/t over 24.4 m • Multiple stacked flat lying mineralized zones identified
Slide 15: Eldorado Zone
A Flat dipping mineralized zones with very large ELDORADO ZONE D halos of mineralized rock: A’ Hole GR20-9: 164.6m @ 0.2 g/t Au Hole GR20-8: 144.8m @ 0.1 g/t Au D’ Size potential is open 3km long prospective trend Thickness and width to be determined 15
Slide 16: Shaft Zone: New Discovery
SHAFT ZONE: NEW DISCOVERY • New Discovery first drill hole intersected 1.1 g/t Au over 27.4 • Traced for a few hundred metres then lost under cover • Area showing potential for additional mineralized trends 16
Slide 17: Scale & Leachability
CANX:TSX Venture Exchange SCALE & LEACHABILITY • Early results indicated 20 to 60m wide zones with potential for 48.1 g/t Au multiple parallel zones across a 500m wide corridor • Flat or shallow dipping geometry favourable for an open pit • Excellent cyanide soluble gold recovery to date Free gold •
Slide 18: District Potential
CANX:TSX Venture Exchange DISTRICT POTENTIAL EXCELLENT HEAP LEACH POTENTIAL IN THE DISTRICT • The main mineralized zones have a low angle structural control ADJACENT DEPOSIT DEMONSTRATES DISTRIC SCALE • Occur along or near the “Gold Basin Shear” POTENTIAL - REPEATING STRUCTURAL PATTERNS • Occur at o
Slide 19: Gold Range – Case Study
GOLD RANGE – CASE STUDY Gold Range LA HERRADURA MEXICO (6M oz Au Reserves) • La Herradura (owned by Fresnillo plc) - Similar ages and styles • 6.1 M Oz at 0.77 g/t Au current reserve, plus 8.2 M Oz at 0.76 g/t Au current resource (data from Fresnillo PLC website) • Produces 400,000 Oz Au per annum •
Slide 20: Gold Range: Emerging Heap Leach District Potential
CANX:TSX Venture Exchange GOLD RANGE: EMERGING HEAP LIMITED NEW OPPORTUNITIES FOR HEAP LEACH GOLD IN THE WESTERN US LEACH DISTRICT POTENTIAL CANEX METALS GOLD RANGE PROJECT IS WELL POSITIONED FOR A NEAR SURFACE HEAP LEACH HEAP LEACH OPERATIONS CAN BE VERY LOW CAPEX, LOW COST DISCOVERY PRODUCERS, WIT
Slide 21: Share Structure
CANX:TSX Venture Exchange SHARE Sponsored by Sophisticated Mining Investors STRUCTURE • +60% of stock tightly held • Patient, long-term capital that matches business plan February 23rd 2023 Ownership Shares 94.5 million 34.5M RETAIL Issued and Outstanding Shares 7.2% 39.3M HIGH NET WORTH 5.7% Outsta
Slide 22: Experienced & Successful Management Team
CANX:TSX Venture Exchange EXPERIENCED & SUCCESSFUL MANAGEMENT TEAM From 2002 to 2008 our team, with Tyler Resources, discovered and subsequently sold a half billion tonne copper deposit in Mexico to Jinchuan Group for $214 million. From 2007 to 2011 our team, (formerly Northern Abitibi Mining), disc
Slide 23: Next Steps
CANX:TSX Venture Exchange NEXT STEPS • RC drilling program will be announced shortly Near Term Catalysts: • Drill test WestGold target where we see potential for wide intercepts of mineralization as we test the largest/strongest Au in soil anomaly on the property • Continue to advance/expansion at E
Slide 24: Creating Value Through Discovery
CANX:TSX Venture Exchange CREATING VALUE THROUGH DISCOVERY CANEX Metals For More Information: Suite 815, 808 – 4th Ave S.W. Dr. Shane Ebert P. Geo. Calgary, AB, T2P 3E8 President Ph. 403-233-2636 shane@canexmetals.ca www.canexmetals.ca