CSE:FENX | OTC:FDVXF | Frankfurt:FD8 July 2020 CSE:FENX TSX-V:FXO | OTCQB: FXOC
Cautionary Note This presentation includes certain statements that may be deemed to be forward-looking. All statements in this presentation, other than statements of historical facts, that address events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include availability of capital and financing, commodity prices, and general economic, market or business conditions. Readers are cautioned that actual results or developments may differ materially from those projected in the forward-looking statements. Neither the Canadian Securities Exchange (CSE or CNSX Markets Inc), nor its Regulation Services Provider (as that term is defined in policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including the implementation of the arrangement as described in the circular which depends on various factors and implementation by the Company’s board of directors. The company disclaim s any intention or obligation to revise or update such forward-looking statements unless required by applicable laws. 2 CSE:FENX
Why Fenix Oro? • “Best Address” On One Of The Most Prolific Gold • Multiple Rich Target Styles And Areas Belts In The World • Entering The Most Exciting Phase Of Exploration • Next Door Neighbour To One Of Largest, Highest For Early Stage Investors Grade Gold Projects In The World • Favourable Capital Structure With Warrants • Exploration Led By Stu Moller, A Leading Expert Providing Built-in Financing On This Emerging Gold Producing Region, Who Discovered Continental’s Buritica (>11 Moz Au) 3 CSE:FENX
Why Colombia? Why Colombia? • World Class Discovery Potential • Leaders In The World For Low Cost Of Discovery And Production • Federal Government Initiative To Drive Investment Growth In Mining & Resource Industries • USD $25 Billion National Infrastructure Investment Program • Mining has been deemed an Essential Industry and exempted from COVID-19 isolation restrictions 4 CSE:FENX
Abriaqui Project Location & Overview • 150 road km northwest of Medellin in Antioquia State and 4 km from the paved Panamerican highway • Drive-in exploration with a 12-month work season in one of the safest work areas in Colombia • Historical mining district with sufficient water and electricity for any future project needs • Known mineralization from 1,900 – 2,800m elevation well below Colombia’s paramo restricted zone • At the northern end of the 200 km Middle Cauca geologic trend where over 80 million new ounces of gold have been discovered since 2007 including Continental Gold’s Buritica, Anglo Gold’s Nuevo Chaquiro and La Colosa, and Gran Colombia’s Marmato deposits • 15 km west of the 11+ million ounce Buritica gold deposit in a similar geologic setting 5 CSE:FENX
Abriaqui Project Areas of Known Mineralization Google Earth image of the project area showing proximity to the Panamerican Highway and mapped high grade gold veins 6 CSE:FENX
Abriaqui Project Mineralization • Upper Miocene age diorite stock intrudes Cretaceous thin-bedded sediments with formation of a hornfels zone • Three styles of mineralization: veins with associated stockwork, manto-style replacement in sediments, and mineralized potassic alteration possibly representing the upper part of a gold porphyry system • Over 80 closely-spaced pyrite-pyrrhotite +/- cp-sph-gl- asp veins are developed in the diorite and hornfels zone • Veins crop out over the entire 800+ meter vertical extent of the property • Work to date consists of detailed geologic mapping, surface and underground rock sampling, hand trenching, preliminary petrographic studies, ground magnetics, and preparation of a NI 43-101 Technical Report 7 CSE:FENX
Abriaqui Project Comparison with Buritica Deposit • Buritica is a high grade gold vein deposit 15 km east of Abriaqui with +11 million ounces in resources • Similar geologic setting with upper Miocene diorite intruding Cretaceous fine grained sediments • Both deposits with 80+ closely-spaced, high grade veins developed in 500m wide corridors with many areas of interstitial, lower grade mineralization • Ore grade veins at Buritica drilled over 1,200m vertical interval with upper level carbonate base metal veins, and gold bearing py-po veins and a magnetic body modelled as a gold-bearing porphyry at depth (source: Continental Gold reports & releases). • High grade (+20 g/t Au) py-po bearing veins at Abriaqui are undrilled but crop out over a +800m vertical interval. Magnetic body with outcropping potassic alteration just breaching the surface. Note: map & inset are the same scale 8 CSE:FENX
Abriaqui Project Gold Values in Veins • All of the 80+ veins mapped in the project area are gold bearing with more than 20 having assays in excess of 20 g/t gold and up to a max of 146 g/t gold . • Several mapped outcrops contain 1-5 g/t gold in quartz-sulfide stockwork and veinlet swarms. Closely-spaced 20 - 150 cm thick veins • Gold is free-milling as shown by the production from small water-driven gravity separation mills on the property • Silver:Gold ratio (Ag:Au) averages about 2:1 with a potential Cu-(Pb-Zn) by-product credit Zones of stockwork mineralization 9 CSE:FENX
Abriaqui Project Phase 1 Work Plan • US$2.9 million, 18-month work program began in March 2020 • Expand ground magnetometry grid with 3D modelling to cover entire property • Soil sampling with multi-element analysis • Detailed alteration mapping • Detailed channel sampling on manto zone • Finalize permitting for drill program • Two-phase 6,000m diamond drill program with first 3,500m testing veins and porphyry model • First holes targeted to intersect veins that sampled 21.1 g/t Au, 30.4 g/t Au, and 55.4 g/t Au 10 CSE:FENX
Why Fenix Oro? • Fully-funded* 24-month US$2.9 million exploration & drill program • Spending requirement US$1.6 million over 36-months to earn 90% • Plan includes small production facility for existing small miners • Aggressively evaluating additional project acquisitions in the immediate area as well as secondary opportunities * Assuming the exercise of the outstanding in-the-money warrants 11 CSE:FENX
Management & Directors John Carlesso, CEO & Director Mr. Carlesso has over 25 years of international business experience in the financing, development, and stewardship of companies in the mining, technology and special situations sectors. While Mr. Carlesso has been a founder and director of both public and private companies, he has had a particular focus on mining in Latin America for the past 18 years. Mr. Carlesso was Vice President of Corporate Development for Desert Sun Mining, which was acquired for $750 million by Yamana Gold in 2006, in addition to co-founder and Executive Chairman of Explorator Resources which acquired by Pucobre in 2011, a publicly listed Chilean mining company. Mr. Carlesso is a graduate of Western University with a B.A. in Economics. Stuart Moller, VP of Exploration & Director Mr. Moller has 40 years' experience in international mineral exploration. Stuart has held senior roles with Barrick Gold and Pan American Silver, and as Vice President Exploration at Continental Gold he led the discovery of the Buritica gold deposit (acquired by Zijin Mining for $1.327 billion). Mr. Moller holds a B.A. Geology with Honors from Colgate University and a Master of Science, Geology from the University of North Carolina at Chapel Hill. Xavier Wenzel, CFO Xavier Wenzel assumed the role of Chief Financial Officer of the Company effective July 1, 2019. Mr. Wenzel's responsibilities include ongoing accounting, risk management, financial reporting, maintenance of internal accounting procedures and preparation of required financial reporting and information circulars. 12 CSE:FENX
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