Canex Metals Inc · TSXV:CANX
Canex Metals — Investor Presentation (May 2023)
19 slides from Canex Metals's investor presentation, May 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 May 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: 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 4: 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 May 3rd 2023 Ownership Shares 104.5 million 35.6M RETAIL Issued and Outstanding Shares 7.2% 46.5M HIGH NET WORTH 5.7% Outstanding
Slide 5: 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 6: Gold Range – Top Tier Location
CANX:TSX Venture Exchange GOLD RANGE – TOP TIER LOCATION FAVORABLE SETTING GOLD IN ROCK SAMPLES Why Arizona? IN AN UNDEREXPLORED BELT FITS TARGET CRITERIA CONFIRM WIDESPREAD GOLD MINERALIZATION Stable top-tier mining jurisdiction The largest metal producer in the United States by value Ranked in the
Slide 7: Gold Range Project: Overview
GOLD RANGE PROJECT: OVERVIEW • High grade veins and bulk tonnage halos in metamorphic and intrusive rocks • Multiple zones identified along a 4 km mineralized trend that remains open for exploration • 138 holes drilled to date, all zones open along strike and to depth • Excelsior Zone: Drill defined
Slide 8: An Under Explored Historic District
CANX:TSX Venture Exchange AN UNDER EXPLORED HISTORIC DISTRICT Historic open pit and underground producer Historic underground producer • Widespread small scale underground mining (1880’s) with 2 historic open pit mines • For the first time the land is being consolidated and explored as a single syst
Slide 9: Drill Results Overview
DRILL RESULTS OVERVIEW: • Good grades: Multiple holes returning gold grades in excess of 0.5 g/t (industry avg for W. USA heap leach projects) • New discovery at WestGold 0.7 g/t Au over 35m Bulk Tonnage Potential (near surface intercepts) Hole GR21-37: 2.2 g/t Au over 24.4m within 1.6 g/t over 35.1
Slide 10: Excelsior
CANX:TSX Venture Exchange EXCELSIOR • 64 holes in the zone define continuous mineralization over 400m strike, widths to over 50m, and to depths up to 100m with the zone open along strike and down dip • Parallel mineralized structures have potential to significantly increase the size potential • Para
Slide 11: Excelsior – Style of Mineralization
CANX:TSX Venture Exchange EXCELSIOR – style of mineralization Stockwork veinlets creating a bulk tonnage target Free gold in drusy cavity • Mineralization hosted in a quartz vein and fault zone surrounded by a larger halo of mineralized quartz veinlets • Hosted in metamorphic rocks and Cretaceous in
Slide 12: Eldorado
CANX:TSX Venture Exchange ELDORADO Eldorado style of mineralization: thin quartz veinlets cutting diorite • Flat –dipping, near surface mineralized zone remains gneiss open for expansion • Anomalous drill intercepts over a 300 by 500 m area indicate potential for a larger mineralized system • Elevat
Slide 13: Shaft
CANX:TSX Venture Exchange SHAFT WestGold style of mineralization: • New drill discovery (January – 2023) – 1.1 g/t Steeply dipping quartz vein and sheeted vein zone gold over 27.4m • Mostly covered area – open for expansion • Tested by 2 drill holes in April 2023 (results pending) Shaft Zone view to
Slide 14: WestGold
CANX:TSX Venture Exchange WESTGOLD New Discovery (May 2023) 0.7 g/t Au over 35m including 2.5 g/t Au • New drill discovery – May 2023 over 7.6m • Flat dipping zone near top of large hill – near surface Drill on hole GR23-120 WestGold View from top of ridge looking east • Ideal open pit target with s
Slide 15: 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 16: 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 17: Gold Range – Case Study
GOLD RANGE – CASE STUDY 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 • Mineraliza
Slide 18: Next Steps
CANX:TSX Venture Exchange NEXT STEPS New Discovery (May 2023) 0.7 g/t Au over 35m • Results for 19 drill holes pending including 2.5 g/t Au over 7.6m • Evaluate and drill delineate the new WestGold discovery • Evaluate and drill out Excelsior and parallel zones to east • Core drilling to better asse
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