Western Exploration Inc · TSXV:WEX
Western Exploration — Investor Presentation (November 2024)
23 slides from Western Exploration's investor presentation, November 2024
Slide 1: Nevada High-Grade Gold Discovery
NEVADA HIGH-GRADE GOLD DISCOVERY Advancing the 100% owned Aura Project November 2024 TSX.V: WEX OTCQX: WEXPF
Slide 2: Cautionary Notes
2 Cautionary Notes This corporate presentation (this "Presentation") has been prepared to provide readers phrases or statements that certain actions, events or results "may", "could", "would", relating to mining activities; changes in international, national and local government, certain information
Slide 3: Cautionary Notes
3 Cautionary Notes Cautionary Note to U.S. Investors approved the scientific and technical information in this Presentation. This Presentation and considered to be "independent“ of Western Exploration for purposes of Section 1.5 contains information regarding mineral resources that are not mineral r
Slide 4: Opportunity
4 Western Exploration 100% owned Aura Project, Nevada Opportunity 1.32M gold equivalent ounces in a N.I. 43-101 compliant resource across three deposits: Gravel Creek, Doby George & Wood Gulch. High-Grade Discovery at Gravel Creek Near Term Resource Expansion Potential Drill hole intercepts define h
Slide 5: Aura Project Overview
Overview 5 Aura Project Property • Covers approximately 61.6 km² • Mineral claims are 100% owned by WEX • Three N.I. 43-101 resources (Gravel Creek, Doby George & Wood Gulch) Endowment Independence trend hosts +15M ounces of Au resource and past production: • Aura(1) • Jerritt Canyon(2) • Big Spring
Slide 6: NI 43-101 Mineral Resource Estimate
Aura Project 6 NI 43-101 Mineral Resource Estimate Mineral Resources (October 20, 2021)(1)(2) INDICATED INFERRED Au Au Ag Ag AuEq AuEq Au Au Ag Ag AuEq AuEq Tonnes Tonnes (g/t) (ozs) (g/t) (ozs) (g/t) (ozs) (g/t) (ozs) (g/t) (ozs) (g/t) (ozs) Doby George(3) 12,922,000 0.98 407,000 0.98 407,000 4,999
Slide 7: Exceptional Gold Endowment
Aura Project 7 Exceptional Gold Endowment DOBY GEORGE GRAVEL CREEK/WOOD GULCH Age Age • Eocene (?) • Miocene Deposit Type Deposit Type • Carlin type sediment-hosted • Volcanic-hosted epithermal sulfide oxide mineralization Nearby Deposits Nearby Deposits • Analogies to Jerritt Canyon and • Analogies
Slide 8: Gravel Creek / Wood Gulch
8 Gravel Creek/ Wood Gulch HIGH-GRADE, UNDERGROUND SULPHIDE DEPOSIT
Slide 9: Significant Low Sulfidation Epithermal Discovery
9 Gravel Creek Deposit Significant Low Sulfidation Low sulfidation deposits in Bimodal Volcanics in Northern Great Basin Epithermal Discovery The northern Great Basin Miocene bimodal volcanic assemblage hosts numerous high-grade deposits. Deposits are all 15 to 16Ma with similar mineralogy, host roc
Slide 10: High Grade Discovery
10 Gravel Creek High Grade Discovery • Multiple +20.0 g/t AuEq intercepts in two parallel vein zones1 • Dip length of +200 meters, with grades up to 257 g/t Au and 2800 g/t Ag1 • The two main veins are defined by the following1: Upper Vein (4 intercepts): 2.07m drill width at 27.24 g/t AuEq Lowe
Slide 11: 2024 Step out on Strike of High-Grade Discovery
11 Gravel Creek High Grade 2024 Step out on Strike of High-Grade Discovery • 5 holes drilled in 2024 testing strike and dip extensions of 2023 Discovery Section • Section 580N is 80 meters north of Discovery Section Drill Hole WGC 459 intersected up to 75.3 g/t Au and 3,800 g/t Ag Drill Hole WGC
Slide 12: Near Term Resource Expansion Potential
Gravel Creek High Grade 12 • Existing drill intercepts highlight an area of 550 x 350 meters, Near Term Resource larger than the resource footprint Expansion Potential • Newly defined veins have grades that are higher than current resource grades Select +5.0 g/t AuEq rhyolite-hosted intercepts From
Slide 13: Open Past Current Drill Limits
13 Gravel Creek High Grade Open Past Current Drill Limits Tjr Jarbidge Rhyolite 1.52m : 13.25/118.7/14.64 • High grade intercepts continue 300 1.52m : 4.07/363.0/8.34 meters NE of current resource 1.83m : 7.22/334.3/11.15 1.52m : 8.61/184.0/10.77 • Not closed off by drilling 3.04m : 40.05/1144.0/53.
Slide 14: NE Extension
14 Gravel Creek • Favorable alteration and geochemistry in Miocene volcanics continues at least 1.5 kilometers NE of Gravel Creek NE Extension • No drilling completed to date Area Sample Au ppm Ag ppm Ag:Au ratio As ppm Sb ppm Mo ppm 781634 0.23 36.4 160 416 34 351 781636 0.22 8.4 39 627 44 4 781638
Slide 15: District Scale Resource Expansion Potential
Wood Gulch-Gravel Creek 15 District Scale Resource Expansion Potential 1 Wood Gulch • 105K Aueq inf. Resource Wood Gulch The GAP Gravel Creek • 2.2 km strike length • Target: faults + Eocene Volcs 2 The GAP • Undrilled – resource on 3 sides 1 • 1.0 x 1.0 km area • Target: faults + Eocene Volcs. Mioc
Slide 16: Doby George
16 Doby George HIGH-GRADE, AT SURFACE OXIDE WITH HEAP LEACH PRODUCTION POTENTIAL
Slide 17: Advancing a Near Surface, High Grade Oxide Deposit
Doby George 17 Advancing a Near Surface, High Grade Oxide Deposit Blizzard Point West Ridge Daylight Twilight $1800 Au Pits with +1.0 g/t Au mineral resource blocks and DH composites Metallurgy Infrastructure Exploration Potential 98 bottle rolls and 35 column leach Doby George has excellent infrast
Slide 18: High-Grade Oxide Mineral Deposit
18 Doby George High-Grade Oxide Mineral Deposit • High grade oxide outcropping at surface implying low strip ratio • Good continuity of wide, high grade oxide mineralization to a depth of 150 meters below surface • Open at depth due to lack of deep drilling 2021 MDA Doby George Resource Outline 1 Dr
Slide 19: Management Team
Western Exploration 19 Management Team Darcy Marud Curtis Turner, CPA Chief Executive Officer, President & Director Chief Financial Officer VP Finance and former executive roles at Former executive roles in exploration and development at Argonaut Gold and Meridian Gold inc. Meridian Gold Inc. and Ya
Slide 20: Capital Structure
20 TSX.V: WEX OTCQX: WEXPF Shareholder Breakdown Capital Structure As of October 25, 2024 3% 5% 45.4M 3.0M 6% Shares Outstanding Options Golkonda 11% (2) 12.4M $8.2M CAD Retail Agnico Eagle 44% Warrants Outstanding (Sept. 2024 @$1.06 CAD & High Net Worth March 2024 @$0.70) Other Institutions 60.8M 1
Slide 21: 2024 Plan for High Grade Expansion from 2023 Discovery
21 Completed financing of $1.7M CAD to advance Doby George towards a PFS study as recommended in 2021 Technical Report Western Exploration 2 Diamond Drills contracted with Major Drilling 2024 Plan for High Grade Expansion from 2023 Discovery 4k meter drilling on 80-meter step outs from 2023 high gra
Slide 22: Investment Highlights
22 High Grade Potential at Aura Excellent Existing Infrastructure in Northern Nevada Western Exploration Investment Highlights Proven Exploration Management Team Nevada: World’s Best Mining Jurisdiction TSX.V: WEX OTCQX: WEXPF
Slide 23: Contact Us
Thank You Contact Us Darcy Marud, CEO Nichole Cowles, Director of IR 1-775-240-4172 [email protected] Head Office 121 Woodland Ave Ste 140 Reno, NV 89523 WesternExploration.com TSX.V: WEX OTCQX: WEXPF
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