Galway Metals, Inc. · TSXV:GWM
Galway Metals — Investor Presentation (February 2017)
40 slides from Galway Metals's investor presentation, February 2017
Slide 1: Clarence Stream & Estrades Project Presentations
TSX-V:GWM Clarence Stream & Estrades Project Presentations
Slide 2: Forward Looking Statement
Forward Looking Statement This presentation contains "forward-looking information" (also referred to as "forward looking statements") which may include, but are not limited to, statements with respect to the future financial or operating performance of the Company, its subsidiaries and its projects,
Slide 3: Two Projects in Canada: Excellent Blue Sky
Two Projects in Canada: Excellent Blue Sky Conducted extensive due diligence for overlooked, misunderstood and undervalued projects. Secured 100% of both projects with great deal terms and infrastructure in mine friendly jurisdictions. Re-evaluating over $10 million dollars in exploration dril
Slide 4: Capital Profile
Capital Profile Cash: Approximately CDN$9.7 million at Sept. 30, 2016, after Clarence Stream and Estrades acquisitions; $0 debt Market cap 2/14/17: CDN$24.2 million Shares issued and outstanding: 58,355,248 Warrants: 4,100,000 Options: 5,510,000 Share price as of 2/14/17: CDN$0.415 52
Slide 5: Clarence Stream, New Brunswick, Canada
Clarence Stream, New Brunswick, Canada Atlantic Ocean New Brunswick PEI Maine, USA Clarence Clarence Stream Stream Bay of Fundy Nova Scotia 5 TSX-V:GWM
Slide 6: Clarence Stream Resources
Clarence Stream Resources We believe we can significantly increase the 2 primary areas of gold resources listed below: South and North Zones Gold Gold Grade (g/t) Contained Gold Gold Grade (g/t) Contained Gold Area Category Tonnes Cut Grade Cut Ounces Uncut Grade Uncut Ounces Indicated 636,000 6.7
Slide 7: Clarence Stream Highlights
Clarence Stream Highlights Management is looking to systematically increase the size of known resources, and to pursue new discoveries by drilling the untested anomalies described on the slide titled “Regional Potential Coming Into Focus.” First Time District Consolidation: Acquired 100% of 65 k
Slide 8: Acquisition View: Obtain Large Km Belt With Existing Resources
Acquisition View: Obtain Large 65 Km Belt With Existing Resources and Strong Indications for New Discoveries 8 TSX-V:GWM
Slide 9: Regional Potential Coming Into Focus: Claims, Soil Grid and Till Location Map
Regional Potential Coming Into Focus: Claims, Soil Grid and Till Location Map 9 TSX-V:GWM
Slide 10: Infill and Expansionary Drilling Program Has Begun at the South Zone
Infill and Expansionary Drilling Program Has Begun at the South Zone 2.0/39.35(1.8) 7.9/18.0(5.6) 6.7/12.5(6.4) 4.6/24.0(4.6) 3.2/30.0(2.2) 10.0/31.0(9.2) 5.1/42.9(2.9) 5.7/13.2(5.3) 4.3/23.0(4.3) 7.3/15.9(7.3) 3.6/19.0(3.5) 4.6/30.0(4.5) 14.3/21.58(6.4) 0.9/24.0 7.0/12.0(6.5) 6.4/8.25(6.4) 2.6/18.7
Slide 11: Clarence Stream Drill Result Highlights
Clarence Stream Drill Result Highlights Galway Metals Historical Hole ID From (m) To (m) Intersect (m) TW (m) Au g/t uncutAu g/t cut Location Hole ID From (m) To (m) Intersect (m) TW (m) Au g/t uncutAu g/t cut Location CS 16-338* 331.3 336.8 5.5 5.2 5.5 E, SZ CS01-37* 31.4 61.4 30.0 29.1 3.2 2.2 C,
Slide 12: Marathon's Valentine Lake Gold Camp Provides a Similar Mineralized Fault System
Marathon’s Valentine Lake Gold Camp in Newfoundland Provides a Similar Mineralized Fault System 12 TSX-V:GWM
Slide 13: Clarence Stream Geology and Mineralization
Clarence Stream Geology and Mineralization Clarence Stream: located at the Sawyer Brook Fault boundary of the Gander and Avalon terranes of the Canadian Appalachians; boundary obscured by Palaeozoic age sedimentary rocks of the Mascarene Basin and the St. Croix terrane- which are the primary hosts
Slide 14: Estrades, Quebec, Canada
Estrades, Quebec, Canada DETOUR LAKE >15M OZ BALMORAL LOWER DETOUR LAKE PROBE-SOQUEM DISCOVERY DETOUR LAKE Estrades 14 TSX-V:GWM
Slide 15: Estrades NI 43-101 Updated Resource Summary
Estrades NI 43-101 Updated Resource Summary Class Lens Name Tonnes Au (g/t) Ag (g/t) Zn (%) Cu (%) Pb (%) Indicated Main 912,000 4.25 158.4 8.84 1.22 0.71 Central 388,000 3.05 89.6 5.87 0.88 0.50 Total Indicated 1,300,000 3.89 137.9 7.95 1.12 0.65 Inferred Main 354,000 1.72 83.4 4.82 1.17 0.41 Centr
Slide 16: Estrades Highlights
Estrades Highlights Complex Transaction: Five acquisitions consolidated 100% of the Estrades mine and related properties along 31 km of strike length (14,854 hectares) hosting three mineralized structures, Estrades, Newiska and Casa Berardi. Management Immediately Engaged RPA to Update Historica
Slide 17: Acquisition View: Existing High Grade Resource to Build Upon; 3 Trends to Explore
Acquisition View: Existing High Grade Resource to Build Upon; 3 Trends to Explore AURVISTA GLOBEX Over 180,000 Meters of Historic Drilling Along the Three Structures 17 TSX-V:GWM
Slide 18: Estrades – Longitudinal Section FW Zone
Estrades – Longitudinal Section FW Zone CENTRAL ZONE EAST ZONE 18 TSX-V:GWM
Slide 19: Estrades – Longitudinal Section HW Zone
Estrades – Longitudinal Section HW Zone CENTRAL ZONE EAST ZONE H-082 0.9m 9.3%CU, 2.7%ZN H-293 9.2m 0.9%CU Incl. 2.6% CU/1.0m EME-07 EME-02 H-116 6.4m 2.4%CU 4.0m 1.3%CU 8.9m @ 0.5G/T AU, Incl. 7.4% CU/0.6m Incl. 4.1% CU/0.3m 1.7%CU, 1.5%ZN Incl. 4.2% CU/2.4m Open to Depth; Search for Copper - Rich
Slide 20: Estrades Drill Result Highlights
Estrades Drill Result Highlights From To Intersect TW NSR Au Ag Zn Cu Pb Hole ID Location (m) (m) (m) (m) C$/Tonne g/t g/t % % % H-032 140.4 142.7 2.3 1.5 $ 680 9.3 131.8 10.9 1.0 1.3 C&E, HW including 141.0 141.7 0.7 0.5 $ 1,333 22.1 158.7 19.4 0.3 3.0 H-035 165.5 169.5 4.0 2.5 $ 753 8.3 178.9 17.8
Slide 21: Estrades Has Better Shallow Resources; Looking for Something Similar to McLeod Deep
Estrades Has Better Shallow Resources; Looking for Something Similar to McLeod Deep 21 TSX-V:GWM
Slide 22: Estrades Geology and Mineralization
Estrades Geology and Mineralization RPA - a new understanding of where the mineralization sits in the stratigraphy was developed; 2 mineralized intervals appear to be kept separate by a Key Marker horizon (logged as an intermediate or mafic unit – often an intrusive); the two layers traceable alon
Slide 23: Management and Directors
Management and Directors Robert Hinchcliffe – CEO, Director & Principal More than 25 years working in the mining industry. He has been directly involved in capital raises and transactions in excess of $600 million. Mr. Hinchcliffe founded Galway Resources in 2005 and raised over $100 million and suc
Slide 24: Appendix
Appendix 24 TSX-V:GWM
Slide 25: Galway Metals Resource Statement Clarence Stream and Estrades Projects
Galway Metals Resource Statement Clarence Stream and Estrades Projects Au Ag Zn Cu Pb Deposit Class Tonnes (g/t) (g/t) (%) (%) (%) Clarence Stream Indicated 822,000 6.90 Estrades Indicated 1,300,000 3.89 137.9 7.95 1.12 0.65 Sub Total, Indicated 2,122,000 4.98 Clarence Stream Inferred 1,226,000 6.34
Slide 26: North Zone Plan Map - Drill Program Designed to Expand Resource
North Zone Plan Map - Drill Program Designed to Expand Resource OPEN OPEN OPEN OPEN OPEN OPEN OPEN ONLY AD ZONE IS IN RESOURCE OPEN True Widths Unknown TSX-V:GWM 26
Slide 27: IP Chargeability Map – North Zone
IP Chargeability Map – North Zone High Potential Areas All of the AD-MW, 93 and Murphy Zones are all likely related to the same folded fault structure. Source: Freewest Resources 27 TSX-V:GWM
Slide 28: North Zone: Two Strongest Historical Soil Anomalies Never Been Drilled
North Zone: Two Strongest Historical Soil Anomalies of 432 ppb and 417 ppb, Never Been Drilled • Average drill depth shallow at 80m. • Potential for additional discoveries at depth. • Area open for expansion as many resource grade intersects not in resource and not followed up. • Large soil anomaly,
Slide 29: South Zone, South of South Zone, and Part of Gap Area Between South Zone and Jubilee
South Zone, South of South Zone, and Part of Gap Area Between South Zone and Jubilee • Boulders and bedrock chip samples on gabbro- sediment contact of 84.3 g/t, 22.8 g/t, 22.0 g/t, 12.1 g/t, 11.6 g/t, 9.3 g/t, and 6.3 g/t.* • Contains 3 of the 9 highest grade gold-in-soil samples taken by Freewest,
Slide 30: North of Jubilee: Boulders with 16.5 g/t, 11.5 g/t and 7.9 g/t
North of Jubilee: Boulders with 16.5 g/t, 11.5 g/t and 7.9 g/t Coincide with Strong Gold-In-Soils • Prospector sent in to follow up soils: Boulders assayed 16.5 g/t, 11.5 g/t, BOULDERS 16.5 g/t 7.9 g/t and 4.2 g/t.* 13.5 g/t 7.9 g/t • Corresponds with 4.2 g/t gold and arsenic till 1.1 g/t and soil a
Slide 31: Leverville, Lower Tower Hill, Hewett and Rollingdam: Strong Soil and Chip Samples
Leverville, Lower Tower Hill, Hewett and Rollingdam: Strong Soil and Chip Samples Lower Tower Hill: Acquired January 2017. Hosts channel samples grading 89.1 g/t Au and 50.4 g/t Au over 0.8 m*. Never been drilled. North and West of Lower Tower Hill: Chip sample of 20.2 g/t*, 2nd highest grade soil s
Slide 32: Drill Results and Soil Anomalies at Jubilee
Drill Results and Soil Anomalies at Jubilee 2.9% Zn +3.2% Pb/3.0m + 10.1/1.4m 1.0/6.8m 8.3/1.4m (1.05/23.9m) (2.07/8.5m) 4.0/2.3+ 11.3/0.5m 1.8/4.0m Early exploration activities and results from till, soil, boulder and chip samples, and findings from geophysical surveys, are preliminary in nature an
Slide 33: Pleasant Ridge Soils has 6 Anomalous Trends and 3 Soil Assays Above 200 ppb
Pleasant Ridge Soils has 6 Anomalous Trends and 3 Soil Assays Above 200 ppb Six anomalous gold- in-soil linear trends parallel with the Sawyer Brook Fault. One trend appears to be along the contact with the intrusive to the south. There are three assays above 200 ppb Au. Never been drilled. 33 TSX-V
Slide 34: Clarence Stream Deal Terms
Clarence Stream Deal Terms Total cash payments for Galway’s Clarence Stream property will be CDN$3.5 million plus 1% NSR royalties on portions of the project, with Galway retaining rights to acquire most of the NSR’s. Galway’s cash payments in first year will be CDN$1.0 million. No shares issued for
Slide 35: Estrades – Properties Straddle 2 Breaks; 3 Horizons
Estrades – Properties Straddle 2 Breaks; 3 Horizons 5.3/1.2m+1.8/1.8m+0.8/4.5m+0.6/4.2m 1.1/10.6m 10.5/0.6m+1.0/4.5m 1.2/9.75m+2.0/0.6m+2.2/0.9m 2.3/4.5m 0.75/19.5m 0.6/18.5m 10.4/1.1m 1.95/10.4m 3.0/1.0m+2.3/3.0m 1.2/12.7m 3.4/0.9m+1.3/5.6m ESTRADES MINE 3.8/3.7m 3.4/2.9m incl 10.4/0.8m CARIBOU DEP
Slide 36: Estrades Resource Expansion Plans
Estrades Resource Expansion Plans Aggressive Exploration Planned for Estrades and Newiska: Estrades and Newiska horizons provide numerous opportunities for resource expansion, including the following: Drilling Commenced in January 2017: Drilling will initially focus on near surface targets that
Slide 37: Estrades Copper-Rich Vent-System Indicators
Estrades Copper-Rich Vent-System Indicators Copper-Rich Indicator Holes: Drill intersects that may lead Galway to new copper-rich discoveries: Main Zone: Hole H-182 – 2.0% Cu, 5.9% Zn, 118.2 g/t Ag, and 0.3 g/t Au over 5.1 m (true width (TW) = 3.7 m), including 3.2% Cu, 3.1% Zn, 129.0 g/t Ag, and
Slide 38: Casa Berardi Highlights
Casa Berardi Highlights Casa Berardi: 100% ownership in 31 km of strike along the Casa Berardi Break, an underexplored gold-bearing fault system adjacent to the north of Estrades. Historic Drilling: 92,878 metres of drilling in 314 drill holes. Galway is planning a gravity survey to delineate bu
Slide 39: Estrades – Casa Berardi Deal Terms
Estrades – Casa Berardi Deal Terms Total Payment CDN$1.35 mm cash and 800,000 Units, or CDN$1.55 mm for a 100% interest (excludes value of 800,000 warrants priced at CDN$0.52) Price Per Resource Ounce: Equates to US$5.57/oz of gold only; US$1.47/oz on an in-situ gold equivalent basis (zero value
Slide 40: Gold Price and Zinc Supply Deficit
Gold Price in Canadian $ ~$1300-$1800 Committed Zinc Supply Insufficient Since 2013 (January 16, 2017 @ $1,585) for Demand Forecast Zinc Refined Balance 500 - THOUSANDS OF TONNES (500) (1,000) (1,500) (2,000) (2,500) 2012 2013 2014 2015 2016 2017 2018 2019 2020 We expect insufficient mine supply t
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