canex metals · 2020-01-19 · (galena-chalcopyrite-pyrite) plus free gold moderate to steep...

CANX:TSX Venture Exchange

C EAN XMETALS

CANEX METALS INC. www.CANEXMetals.ca

CANX:TSX-V

CANEX Metals Inc. – Gold Range Arizona

Project Update

January 2020

Creating Value Through Discovery – High Grade Gold Focused


Forward Looking Statements

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, are forward-looking information that represents

management of CANEX Metals Inc. internal projections, expectations or beliefs concerning, among other things, future operating

results and various components thereof or the economic performance of CANEX Metals. The projections, estimates and beliefs

contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause

CANEX Metals actual performance and financial results in future periods to differ materially from any projections of future performance

or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those

described in CANEX Metals filings with the Canadian securities authorities. Accordingly, holders of CANEX Metals shares and

potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. CANEX

Metals disclaims any responsibility to update these forward-looking statements.

Dr. Shane Ebert P.Geo., President of the Company, is the Qualified Person for CANEX Metals as defined by National Instrument 43-

101 and has approved the technical disclosure contained in this presentation

Disclaimer and Qualified Person

*Altius has a pro rata right to participate in future equity financings of CANEX

CANEX Share Structure and Capital

As of January 9, 2019

Issued and Outstanding Shares 43 million

Outstanding Stock Options (Ave. price $0.06) 2.2 million

Outstanding Warrants ($0.05 to $0.25) 7.3 million

Fully Diluted 52.5 million

Share Price (Jan 9, 2020) $0.17

Market Capitalization C$7.3 million

Cash and cash equivalents $0.8 million

Held by Directors and Officers 4%

Held by Altius Minerals* 10%

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Why We Are Excited - High Grade Gold in Arizona

❑ Widespread high-grade gold vein mineralization over a

minimum 5km by 3km area

❑ Supports a large-scale gold mineralizing event

❑ Multiple large through going structures recently

identified across the property

▪ Multiple examples worldwide of well endowed

mesothermal gold districts containing large scale

structures with halos of smaller veins

❑ New – Adit Shear Zone traced for > 5km in high

resolution airborne magnetics

▪ Multiple new targets identified along the Adit Shear

Zone and new targets are being developed

throughout the Gold Range Property

❑ Results from soil sampling program pending

❑ Results from chip and grab sampling program pending

✓

✓

✓

✓

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CANEX Metals Inc.

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), discovered and delineated the Viking gold deposit in eastern

Canada. From 2011 to 2014 Dr. Ebert was involved in the discovery and delineation of the West

Seel Cu-Au-Mo deposit in British Columbia.

Management and Directors

Dr. Shane Ebert Ph.D., P.Geo. President CEO and DirectorProfessional Geologist with 29 years of world wide exploration experience. Extensive experience in

Nevada, Mexico, British Columbia, Yukon, Alaska, and Peru. Currently the President, CEO, and

Director of Surge Copper Corp., and a Director of Jade Leader Corp.

Jean Pierre Jutras P.Geol. Vice President and Director

Professional Geologist with 29 years of world wide

exploration experience. Currently the President, CEO,

and Director of Jade Leader Corp.

Barbara O’Neill Corporate Secretary

.

Chantelle Collins CPA, CGA Chief Financial Officer

Lesley Hayes MBA Independent Director

Gregory Hanks B. Comm. Independent Director

Experienced and Successful Management Team

Mapping in Arizona

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Gold Range Property Arizona

• Arizona is a stable top-tier mining jurisdiction –

The 2nd largest metal producer in the United States

and ranked within the top 10 mining investment

jurisdictions worldwide by the Fraser Institute

• Favorable geology in an underexplored belt

• Multi-kilometer scale mineralized trends that

have not been systematically explored

• Low cost year round exploration - Easy access

and year-round exploration facilitates cost effective

and rapid advancement of targets

• CANEX has a favorable share structure and a

rapidly advancing high quality early stage gold

project – lots of upside

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Gold Range Project – Style of Mineralization

Quartz veins contain

trace to 1-2% sulfides

(galena-chalcopyrite-

pyrite) plus free gold

Moderate to steep dipping white

quartz veins in metamorphic rocks

<0.5 to >5m wide

Stacked flat dipping quartz veins

with breccia and gouge zones

Silicified and sericite altered

intrusive with stockwork quartz

veining

2.3 g/t Au over 8m (open)4.7 g/t Au over 0.5m

42.7 g/t Au

26.2 g/t Au 375 g/t Ag

8.47 g/t Au over 5.6m

48.1 g/t Au

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Gold Range Project – Widespread Gold in Surface Sampling

• Widespread gold mineralization over an

area at least 5km by 3km. This includes

numerous small to medium size gold

veins that demonstrate a very large

mineralizing event permeated the

district

• CANEX is focused on targeting and

testing structural settings within this

area that have potential to host large

zones of economic gold mineralization

• To date, multiple large scale gold

targets are being defined through

surface work and geophysics in areas

that have not been systematically

explored previously

Building Targets with Size Potential

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High Res Airborne Magnetics – A Game Changer

• High Resolution airborne magnetic maps

received in January 2020 are providing key

information on structure and geology

• Magnetics is assisting in understanding and

targeting - targeting is ongoing

• Multiple new targets have been identified at

fault intersections, bends, fold noses and as

magnetic lows (magnetite destructive

alteration) along faults

The Adit Shear Zone

• The Adit Shear Zone has been defined in

magnetics and surface exposure for greater

than 5 km

• Local exposure along the Adit Shear Zone

allows confirmation and sampling of the

mineralized structure in several locations

• New and existing targets can now be

prioritized and evaluated rapidly

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• Geophysical target 450m long by up to 130m

wide and open

• Very strong correlation of known mineralization

(white lines) with magnetic lows

• Low cost rapid targeting in covered

zones

Pit Zone – South End of the Adit Shear Zone

Simplified

Pit Zone

Mineralization

Model

Can build

tonnage

quickly with

this multi

vein setting

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• A magnetic low target 700 metres long (and

open) and up to 100 metres wide

• Correlates with the highest grade samples

from limited surface sampling

• Parallels known mineralized veins in the

area

• Mag low is interpreted to be a result of

hydrothermal alteration (potentially

associated with gold vein formation)

East Zone – Another Target Showing Scale

Key Features

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Gold Range Project – Near Term Results and Plans

• Results from 425 soil samples

• Results from over 100 chip and grab samples from the Pit

zone and other targets

• Ongoing magnetic and geologic interpretation and targeting

• Select follow up high resolution drone magnetic surveying

and property wide aerial photography will commence shortly

CANEX anticipates steady news flow over the next several months

Results Pending

Near Term Exploration Plans

• A surface exploration program to evaluate new targets will

commence once pending exploration data has been received

and interpreted

• Trenching of new targets is anticipated once amended

exploration permits have been received and targets prioritized

• Ongoing property and district scale mapping and sampling to

refine and verify structural and geologic model

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Summary and Highlights

• CANEX is assembling and rapidly advancing an early stage high quality gold

project in a favorable mining jurisdiction with year-round exploration access

• Gold Range contains numerous small and medium size gold veins over a 5km by

3km area that provide evidence for a large-scale mineralizing event. CANEX is

focused on targeting and testing larger structural traps within this area that have

potential to host economic gold mineralization

• Multiple large gold targets have already been identified and work is ongoing

• Low market cap and tight share structure offer considerable upside for investors

with continued exploration success

Scale Grade Opportunity

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Website: www.CANEXMetals.ca

For More Information contact

Dr. Shane Ebert P.Geo.

President

[email protected]

CANX:TSX-V

Creating value through discovery

CANEX Metals

Suite 815, 808 – 4th Ave S.W.

Calgary, AB, T2P 3E8

Ph. 403-233-2636

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canex metals · 2020-01-19 · (galena-chalcopyrite-pyrite) plus free gold moderate to steep...

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