Canex Metals Inc · TSXV:CANX
Canex Metals — Investor Presentation (October 2021)
19 slides from Canex Metals's investor presentation, October 2021
Slide 1: Creating Value Through Discovery: Gold Focused, Gold Range Arizona
CANX:TSX Venture Exchange CREATING VALUE THROUGH DISCOVERY: GOLD FOCUSED GOLD RANGE ARIZONA October 2021 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 • Exploring for gold in an new emerging bulk tonnage district in Northern Arizona, USA • Experienced management with proven track record in discovery • Large 3km bulk tonnage gold target identified on Canex’s Gold Range Property • First pass drilling has
Slide 4: Share Structure
CANX:TSX Venture Exchange SHARE Sponsored by Sophisticated Mining STRUCTURE Investors • +60% of stock tightly held • Patient, long-term capital that matches business plan As of October 8th 2021 Ownership Shares Issued and Outstanding Shares 73.4 million 12% 14.32M RETAIL 25% 34.5M HIGH NET WORTH 2.9
Slide 5: 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 6: 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 7: Overview: Gold Range
OVERVIEW: GOLD RANGE • Historic gold mining district in Northern Arizona with limited modern exploration • District scale controlling structures identified Contact • 3km long mineralized trend being defined by drilling Zone Bulk Tonnage Potential Hole GR21-37: 2.2 g/t Au over 24.4m within 1.6 g/t ov
Slide 8: Gold Range: Exploration Model
CANX:TSX Venture Exchange GOLD RANGE: EXPLORATION MODEL Schematic Exploration Model Summary of Exploration Highlights • Mineralization hosted in basement metamorphic rocks and Cretaceous granites, Cretaceous in age • Pinch and swell gold bearing quartz veins surrounded by larger through going stockw
Slide 9: Eldorado Zone: Near Surface Bulk Tonnage Oxide Gold Discovery
CANX:TSX Venture Exchange ELDORADO ZONE NEAR SURFACE BULK TONNAGE OXIDE GOLD DISCOVERY • 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 – open
Slide 10: Eldorado Zone
A Flat dipping mineralized zones with very large D ELDORADO ZONE halos of mineralized rock: Hole GR20-9: 164.6m @ 0.2 g/t Au A’ 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 11
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 Strong grades, oxidized, and near surface Excellent open pit geometry and expansion potential 1.6 g/t Au over 35.1 metres including 2.2 g/t Au over 24.4 metres 2.2 g/t Au over 18.3m 13
Slide 13: Scale & Leachability
CANX:TSX Venture Exchange SCALE & LEACHABILITY Excelsior zone looking NE Early results indicated 20 to 50m wide zones with potential for multiple stacked zones that cumulatively could be up to 100m and extend up to 3000 metres Flat or shallow dipping geometry favourable for an open pit Excellent cya
Slide 14: Current Drill Program
CANX:TSX Venture Exchange CURRENT DRILL PROGRAM Fall 2021 Drilling looking to significantly expand known zones • 50 holes up to 5000m of RC drilling • Expand along strike and to depth • Test roughly 2km of the 3km long target strike length • Test zones to 150 metres depth or more • Test Eldorado zon
Slide 15: 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 WITH REPEATING PATTERNS Occur at or near major f
Slide 16: 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 Mineral
Slide 17: Gold Range Emerging Heap Leach Potential
CANX:TSX Venture Exchange GOLD RANGE EMERGING HEAP LIMITED NEW OPPORTUNITIES FOR HEAP LEACH GOLD IN THE WESTERN US LEACH 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, WITH ATTRACTI
Slide 18: Next Steps Timelines
CANX:TSX Venture Exchange NEXT STEPS 8.47 g/t Au over 5.6m TIMELINES Steeply dipping mineralized quartz vein Work in Progress •A field program is currently underway, up to 700 soil samples being conducted to fill gaps along the 3km target zone • Drilling is in progress to test 2km of strike length,
Slide 19: 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