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Canamex Corporate Presentation


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Canamex corporate presentation

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Canamex Corporate Presentation

  1. 1. TSX.V : CSQ OTCBB : CNMXF FSE : CX6 June 2017 High Grade, Heap Leach, Gold Development in Nevada
  2. 2. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 2 This presentation contains forward-looking statements regarding future events and Canamex’s future results that are subject to the safe harbors created under the Securities Act of 1933 (the “Securities Act”) and the Securities Exchange Act of 1934 (the “Exchange Act”). These statements are based on current expectations, estimates, forecasts, and projections about the industry in which Canamex operates and the beliefs and assumptions of Canamex’s management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions, are intended to identify such forward- looking statements. In addition, any statements that refer to projections of Canamex’s future financial performance, Canamex’s anticipated growth and potential in its business and other characterizations of future events or circumstances are forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, including such factors as the volatility and level of commodity prices, currency exchange rate fluctuations, uncertainties in cash flow, expected acquisition benefits, exploration mining and operating risks, competition, litigation, environmental matters, the potential impact of government regulations, and other matters, many of which are beyond our control. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. CAUTIONARY NOTE to United States Investors Concerning Estimates of Measured, Indicated and Inferred Mineral Resources: The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. The information contained herein uses the terms “Measured”, “Indicated” and “Inferred” Mineral Resources which may not be consistent with the reserve definitions established by the SEC. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them and expressly prohibits U.S. registered companies from including such terms in their filings with the SEC. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable. Disclaimer Cautionary Note Regarding Forward Looking Statements
  3. 3. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 Investment Highlights High‐Grade Oxide in Nevada Prolific Mining Jurisdiction Nevada is the top gold producing region in the Americas, produces 75% of gold in USA High-grade Drill Intercepts in Nevada* 110 metres @ 4.08 g/t gold 57.9 metres @ 5.23 g/t gold Excellent Metallurgy Gold extractions ~90% Low reagent consumption = potential for low costs Potential for Shortened Permitting Process Initial development focused on private land Historic production of ~100,000 ounces (@19.2g/t) Insider Commitment Insiders have 19% of the common shares issued and outstanding on a basic level (as of June 2017) 3 * Best drill intercepts in Nevada  2012, 2013 and 2014  Only 20% of targets have been drilled = exploration upside
  4. 4. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 4 • May 30, 2017: Canamex announced a 3,000-metre drilling program at the Bruner Property, Nevada, to begin in June 2017 • 18-20 holes in total on both the Historic Resource Area and Penelas • May 12, 2017: Canamex closed a private placement for total gross proceeds of $2,488,962 • Unit offering of one share at $0.12 per share and one 5-year warrant with a strike price of $0.20. • April 26, 2017: Canamex completed the purchase of Patriot Gold’s 30% working interest in the Bruner Property • The Company paid US$1M in cash to Patriot Gold • Canamex now owns 100% of the Bruner Property in Nevada • Fall 2016 drilling campaign completed in December at Bruner Property • Focus on the Paymaster deposit to upgrade resources from inferred to indicated; 23 holes (1,829 metres) • In Q4 2016, Canamex closed private placements for $5,759,350 • $4,798,000 in secured convertible debentures; $961,350 in equity Recent News from Canamex
  5. 5. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 Corporate Overview Capital Markets Share Price (C$) June 2017 $0.17 Basic Shares Outstanding (M) Warrants Outstanding (M) Options Outstanding (M) Debentures (if converted) (M) 61.4 59.7 3.5 30.0 Fully Diluted Common Shares (M) 154.6 Market Capitalization (C$M) $10.4 Total Debt (C$M) $4.798 Market Cap + Debt (C$M) $15.2 52 Week High – Low $0.30 - $0.095 Average Daily Trading Volume (3m) 168,000 Trading Symbols TSX.V:CSQ OTCBB:CNMFX FSE:CX6 Capital Structure Share Price Performance (TSX.V:CSQ) Major Shareholders Hecla Mining (NYSE: HL)                   7% Management/Directors/Insiders   12% Others 81%
  6. 6. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 Management Team Technical and Capital Markets Experience 6 Mark Billings CEO and Chairman of the Board Former Director, Senior VP of Corporate Development and co‐founder of Argex Titanium Inc. Prior to founding Argex, Mark served as Chief Financial Officer for private and public internet companies and was VP of Corporate Finance with Desjardins Securities Inc. in Montreal. He has an MBA from the Harvard Business School and a Chartered Financial Analyst ﴾CFA﴿ designation. Greg Hahn, C.P.G. President & COO, Director A Professional Geologist and Geological Engineer, who has over 35 years of experience in exploration and mine development. Greg has held senior level management positions with several public mining companies, where he has taken projects from mine development through to production, including permitting, engineering, construction and operations. Dean McDonald, Ph.D, P.Geo Director Senior Vice President – Exploration, Hecla Mining Company Mike Stark Director Chairman of Arizona Silver Exploration; 32 years of experience as owner and operator of two successful companies. Previously worked with Exeter Resources and Extorre Resources. Frank Hogel, MBA Director Currently Chief Executive Officer of Peter Beck Performance Funds GbR and advisor to Concept Capital Management, an asset management company.
  7. 7. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 Introducing: The Bruner Gold Project High‐Grade Oxide in Nevada • Located in the prolific gold mining region of Nye County, Nevada • Spent US$6 million required to earn 70%, triggered the 70/30 joint venture with Canamex as operator / manager • Seven highly prospective target areas • 2016 Preliminary Economic Assessment Resources -Indicated: 260,000 oz Au -Inferred: 63,000 oz Au Open potential to increase resources Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no certainty that all or part of the Mineral Resources estimated will be converted into Mineral Reserves • Brand new gold discovery; among the best drill intercepts in Nevada from 2012-2014 -110 metres @ 4.08 g/t gold -57.9 metres @ 5.23 g/t gold NEVADA Asset Overview Asset Location Bruner Gold Project 7
  8. 8. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 The Bruner Gold Project Well Located with Infrastructure  Major structural intersection surrounded by multi-million ounce deposits  Excellent access from Nye County Road – Historic Resource Area drill roads  Possible Leach Pad / Plant Site identified  20 km to substation with up to 10 MW capacity  $1.5 million estimated cost to get power from substation to Bruner upon production Drill Roads Covering Deposit Area Base of bulk tonnage deposit  8 Rawhide Mine 1.6 MM oz. Au 17.5 MM oz. Ag Paradise Peak Mine 2.6 MM oz. Au 43 MM oz. Ag Santa Fe Mine 0.5 MM oz. Au 1 MM oz. Ag Round Mountain 10 MM oz. Au
  9. 9. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 The Bruner Gold Project Excellent Metallurgy • +89% gold extraction in 83 days on -3 inch and -3/4 inch crush • Importantly, +80% gold extraction in 40 days • Low reagent consumption = potential for low costs • Bottle roll tests returned an average of 97% gold extraction from both Penelas East and Paymaster discoveries 9 A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and Canamex Resources is not treating the historical estimate as current mineral resources or mineral reserves
  10. 10. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 The Bruner Gold Project Three Highly Prospective Target Areas 1 3 4 6 B‐1201 5 Focus Targets 1. “Historic Resource” Area (‘HRA’) 2. “Penelas Mine” & “Penelas East” 3. “Paymaster Mine” High Grade Area Additional Targets: Exploration Upside 4. “NW (Bruno)” Large Disseminated Target 5. “Phonolite Shaft” Large Disseminated Target 6. “Bruner Mine” High Grade Vein Target 10 2 Bruner Gold Property
  11. 11. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 11 The Bruner Gold Project Significant Unexplored Potential 11
  12. 12. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 12 12 The Bruner Gold Project Rawhide Deposit Outline
  13. 13. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 1. “Historic Resource” Area ﴾‘HRA’﴿ Overview • 2014 Drilling: +30 holes to upgrade and increase historic resource • Gold (VG) mineralization is associated with Silica Alteration Spires and major structures/intersections • Over 50 Silica Alteration Spires have been mapped – most of which still to be drilled • 2014 drilling tested Spires with excellent gold intercepts 13 Siliceous Spire Outcrop yet to be drilled High Grade Core
  14. 14. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 1. “Historic Resource” Area ﴾‘HRA’﴿ 2014 Drill Cross Section 14
  15. 15. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 2. “Penelas Mine” & “Penelas East” Overview • Brand new exciting gold discovery • Among the best drill intercepts in Nevada 2012-2014 • 2012 – 2013 Drill Program Best Intercepts: B-1201 – 110 metres at 4.08 g/t gold B-1301 – 91 metres at 3.10 g/t gold • Deposit open to the north – new intercept: B-1436 – 9.1 metres at 11.9 g/t gold (Re-assayed at 16.4 g/t) 15
  16. 16. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 2. “Penelas Mine” & “Penelas East” VLF‐EM Anomaly and Possible Extensions 16 Targets with drill Intercepts above 0.3 g/t gold
  17. 17. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 • Brand new exciting gold discovery – Adjacent to the Historic Resource Area (1.5 km); near- surface mineralization • 2014 Drill Program Best Intercepts: B-1457 – 16.7 metres at 9.94 g/t gold B-1458 – 13.1 metres at 5.13 g/t gold B-1460 – 7.6 metres at 9.98 g/t gold • 2016 Drilling Program: B-1608 – 18.3 metres at 5.58 g/t gold B-1604 – 19.8 metres at 2.38 g/t gold B-1614 – 7.6 metres at 3.23 g/t gold 3. “Paymaster Mine” High Grade Area Overview 17 View Looking North From “HRA” to “Paymaster” Paymaster
  18. 18. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 The Bruner Gold Project Drilling Completed Historic Resource Area: 27 holes to upgrade  drill hole data for NI 43‐101 resource report  and classification Penelas East Discovery: 12 holes to test the  northern extensions with VLF–EM and  gold‐ in‐soil anomalies  Paymaster Mine/Target Area:  New  Discovery with 10 holes outlining gold‐ bearing structures and orientations 18
  19. 19. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 The Bruner Gold Project Accomplishments 2016‐2017 19 Completed maiden NI 43-101 technical report and mineral resource estimate for the Bruner Gold Project (March 2015) Obtained 70% interest in the Bruner Gold Project and initiated the joint venture agreement (September 2015) Completed PEA to show values and path forward (April 2016)    Bought out remaining 30% interest in the Bruner Gold Project from Patriot Gold; Canamex now owns 100% of the Bruner Property (April 2017) Completed $2.5M financing to begin drilling campaign (May 2017)  
  20. 20. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 The Bruner Gold Project Phase 1 Development Concept 20 Production Scenario on Patented Land
  21. 21. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 Conclusions High‐Grade Oxide in Nevada 21 Prolific Mining Jurisdiction Among Highest Grade Drill Intercepts in Nevada Excellent Metallurgy Potential for Shortened Permitting Process & Low Cost Significant Untapped Exploration Potential – 80% Unexplored
  22. 22. TSX-V:CSQ | OTCBB:CNMXF | FSE:CX6 Canamex Resources Corporation Contact Information 22 Greg Hahn +1 720 244 2022 Mark Billings +1 514 296‐1641 Greg Hahn, CPG #7122 and President/COO of the Company, is the QP responsible for the  technical disclosure contained in this presentation. All public corporate filings can be found on under:  “Canamex Resources Corp.” Please visit our website for further information: Chief Executive Officer President & Chief Operating Officer