EXPLORING BRITISH COLUMBIAS NEWEST GOLD BELT Corporate Presentation - - PowerPoint PPT Presentation

exploring british columbia s newest gold belt
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EXPLORING BRITISH COLUMBIAS NEWEST GOLD BELT Corporate Presentation - - PowerPoint PPT Presentation

EXPLORING BRITISH COLUMBIAS NEWEST GOLD BELT Corporate Presentation September 2020 TSX-V: : WHN N | CAUTIONARY AND FORWARD LOOKING STATEMENTS Certain statements contained in this presentation that are not historical facts are


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TSX-V: : WHN N |

EXPLORING BRITISH COLUMBIA’S NEWEST GOLD BELT

Corporate Presentation

September 2020

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CAUTIONARY AND FORWARD LOOKING STATEMENTS

Certain statements contained in this presentation that are not historical facts are forward-looking statements as that term is defined in the United States Private Securities Litigation Reform Act of 1995. In addition, certain statements in this presentation may be considered forward-looking information under applicable Canadian securities laws. Forward-looking statements and forward-looking Information address future events and conditions and therefore involve known and unknown risks and uncertainties. Forward-looking statements are frequently characterized by words such as "plans", "expects", “estimates”, "projects", "intends", "believes", "anticipates" and

  • ther similar words, or statements that certain events "may" or "will" occur. They can also be identified by the fact

that they do not relate strictly to historical or current facts. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include, but are not limited to, the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drill results and other exploration data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other specific factors that may be identified in the course of this presentation. No forward-looking statement can be guaranteed and actual results may differ materially from those currently anticipated in such statements. The Company undertakes no obligation to update forward-looking statements except as required by applicable law. The reader is cautioned not to place undue reliance on forward-looking statements.

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WORLD-CLASS HIGH-GRADE GOLD DISCOVERY

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High-Grade Gold Discovery 17.70 metres of 24.50 g/t Gold

RIGHT ASSET

Classic low-sulphidation epithermal system similar to Hishikari, Kupol, and Fruta del Norte

PROVEN MODEL

Large land package with numerous high-potential targets

SET FOR GROWTH

Off a Major Highway in Canada Infrastructure: roads, power, people, operating mines.

RIGHT LOCATION

Initial discovery area “South Zone” and new discovery “Franz Zone” extends strike to approximately 4 km.

EARLY SUCCESS

40,000 metres + of drilling planned for 2020 with funding in place

MOVING FORWARD

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A TRACK RECORD OF EXPLORATION AND DEVELOPMENT SUCCESS

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Gareth Thomas

President and CEO, Director

Shaun Pollard

CFO, Director

Peter Fischl

Exploration Manager

Sean Thompson

VP Corporate Development and Investor Relations

Grenville Thomas

Chairman

Victor Tanaka

Director

Hannah McDonald

Director

Ed Balon

Technical Advisor

M a n a g e m e n t B o a r d a n d A d v i s o r s

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SHAREHOLDER ALIGNMENT

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102,472,409

Shares Outstanding:

30% 43% 10% 17%

30%

INSIDER HELD

Directors & Officers Retail Investors Friends & Family Institutions & Funds 115,337,666

FullyDiluted:

~$122M

Market Capitalization

$4M

Working Capital

185,000

Daily Average Volume

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OUR UNIQUE ADVANTAGE: LOCATION

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BRITISH COLUMBIA

Vanco couver uver

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LOW-COST EXPLORATION

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30-minute drive from Merritt 2.5-hour drive from Vancouver 5km from the Coquihalla Highway Powerline on property Heavily logged, with forestry roads in place Year-around exploration

Westhaven Peers(1)

All-in drilling costs

$190/m

All-in drilling costs (mean)

$454/m

Shovelnos nose Property Bound ndar ary

  • 1. Consolidated by Sprott Capital Partners from Company Filings and S&P Market Intelligence for 2018 company exploration costs and drilling programs.

South h Zone Veins ns Franz nz Zone

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ASSAY HIGHLIGHTS 2018, 2019 & 2020

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  • SN18-12: 1.65m of 175.00 g/t Au

Au and 249.00 g/t Ag

  • SN18-14: 17.70m of 24.50 g/t Au

Au and 107.92 g/t Ag

  • SN18-15: 46.90m of 8

8.95 g/t Au Au and 65.47 g/t Ag

  • SN19

19-01: 12.66m of 39.31 g/t Au Au and 133.11 g/t Ag

  • SN19

19-10: 18.50m of 11 11.39 g/t Au Au and 40.21 g/t Ag (Vein Zone 2)

  • SN19

19-11: 1.00m of 557.00 g/t Au Au and 381.00 g/t Ag

  • SN19

19-15: 7.11m of 9.42 g/t Au Au and 69.36 g/t Ag (Vein Zone 3)

  • SN20-10

101: : New ew Discove very (Franz Zone) 7.78m of

  • f 14.84 g/t Au

Au and 39.40 g/t Ag. At At surface.

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2020 NEW DISCOVERIES – FRANZ ZONE – HIGH GRADE GOLD

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51.10 g/t Gold and 165.00 g/t Silver 34.90 g/t Gold and 120.00 g/t Silver

Franz nz Zone

Zone e 1 Zone e 2 Zone e 3

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FRANZ ZONE – HIGH GRADE GOLD AT SURFACE

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FRANZ ZONE: PLAN MAP OF DRILLING

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TARGETING THE NEXT SOUTH ZONE

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Rhyolitic Hosts

CSAMT: Based on results received to date; Potential analogues for the South Zone have been identified Entire 5km long portion of line 5524000mN. This is preliminary in-progress inversion

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SKOONKA DRILL PROGRAM 2020

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2,783 ha – 12 km northeast of Lytton, BC - Hosts low-sulphidation epithermal style gold mineralization Drill highlights include:

▶️ 12.80m of 20.20 g/t Au 3.31m of 26.80 g/t Au 4.10m of 7.48 g/t Au
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LOW-SULPHIDATION EPITHERMAL – A PROVEN MODEL

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  • 1. John, D.A., Vikre, P.G., du Bray, E.A., Blakely, R.J., Fey, D., Rockwell, B.W., Mauk, J.L., Anderson, E.D, and Graybeal, F.T., 2010. Models for Epithermal Gold-Silver Deposits; Chapter Q of Mineral Deposits for Resource
  • Assessment. Scientific Investigations Report 2010-5070-Q. U.S. Department of the Interior, U.S. Geological Survey.
  • 2. Sumitomo Metal Mining Co. Ltd. Website, production as of end of March 2019.
  • 3. Based on Yamana acquisition of Meridian in 2007 for US$3.5B (Source: National Bank Financial)
  • 4. Based on Kinross acquisition of Bema in 2006 for US$3.1B (Source: National Bank Financial)

Fruta del Norte

Recent Market Capitalization

C$2.9 Bn

Kupol

Acquisition Cost4

US$3.1 Bn

Hishikari

Life of Mine Production2:

7.7 Moz

El Penon

Acquisition Cost3

C$4 Bn

Las Chispas

Recent Market Capitalization

C$1.2 Bn

Lihir

Au Reserves

24 Moz

Waihi

Life of Mine Production

3.0 Moz

Hishikari1 Shovelnose

Recent Market Capitalization

C$122M

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RIGHT TIMING FOR INVESTMENT

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RIGHT ASSET PROVEN MODEL SET FOR GROWTH RIGHT LOCATION EARLY SUCCESS MOVING FORWARD

Steady news flow and ongoing 30,000 + meter drill program. $1.20

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www.westhavengold.com

For more information, contact: Sean Thompson 604-336-6921 info@w @westha havengold.

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