HIGH-GRADE SILVERLEADZINC IN THE YUKON, CANADA July 2020 TSXV: CD - - PowerPoint PPT Presentation

TSXV: CD

HIGH-GRADE SILVER–LEAD–ZINC IN THE YUKON, CANADA

July 2020

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DEFINING A WORLD-CLASS AG/PB/ZN PROJECT IN THE YUKON

• High-grade Silver/Lead/Zinc Discovery in the Yukon
• 100% ownership of North Rackla – a large land position with

room for exploration growth

• 38,000m drilled in 2019 focused on high-grade delineation:
• Drill testing over 1.5km of strike length
• Focus was to test for mineralization similar to what was

intersected in 2018 – potential for a significant deposit

• Additional upside potential with a total of 4km of strike length, as

well as to depth

• Experienced management team – (CEO has +25 years of

experience in the mineral exploration business, and has worked alongside Mr. Fipke on the discovery of Ekati)

• Favourable ownership structure – Led by Dr. Charles Fipke

(founder of the Ekati Diamond mine)

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Cantex Properties

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• Dr. Charles Fipke

Chairman

Tom Obradovich

Director

With over 40 years of experience in the minerals exploration business Mr. Fipke is credited with the discovery the Ekati Diamond Mine, in the Northwest Territories, Canada’s first diamond mine after founding Dia-Met Minerals Ltd. later sold to BHP Billiton

• Mr. Obradovich brings 35 years of experience in mining exploration, development and financing to the
• board. He was a key individual behind Aurelian Resources which discovered the Fruta del Norte gold

deposit in Ecuador, a co-founder of Canadian Royalties, acquired and developed the Yonge Davidson Mine, and a special committee member of Dalradian Resources and Barkerville Gold Mines.

Chad Ulansky B.Sc., PGeo

President & Chief Executive Officer

Vern Frolick LLB

Director

• Mr. Ulansky is a trained geologist by background with over 25 years experience in the

minerals exploration business and focus on diamond bearing deposits. He was involved in the Ekati Diamond Mine discovery by Dia-Met Minerals Ltd. and is currently CEO of TSXV listed Metalex Ventures Ltd as well as a director of Dunnedin Ventures Inc and Solstice Gold Corp.

• Mr. Frolick is a graduate of the Windsor School of Law and was called to the Ontario Bar in 1976 and the

BC Bar in 1982. Currently he is a Crown Prosecutor in Penticton. He is also a director of Northern Uranium Corp.

Jennifer Irons CPA, CA

Chief Financial Officer

Kathrine MacDonald BSc., BComm

Director

• Ms. Irons graduated from the University of Alberta with a Bachelor of Commerce degree and

began her accounting career with a national firm in 2003. Prior to joining Cantex in 2013, Ms. Irons held the position of Manager with a Kelowna based accounting firm where she served both individual and corporate clients. Ms Irons is a director of Northern Uranium Corp and is the CFO of Metalex Ventures.

• Ms. MacDonald is a graduate of the University of British Columbia and has over 30 years experience in

the Finance Industry including Investment Banking and Management, Finance, and Corporate Relations for public mining companies.

DIRECTORS & MANAGEMENT

STRONG LEADERSHIP WITH A PROVEN TRACK RECORD

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LOCATION - LAND POSITION - NEIGHBOURS

• North Rackla claims are 14,077 hectares
• Infrastructure is being built - All-season road being

permitted to Tiger Gold Deposit

• North Rackla – Access is via air strip and internal

road network which has been constructed to support operations

• Na-Cho Nyak Dun First Nation – Are pro-mining

and pro-development group with +300 members

• Current business relationship with First Nation

includes:

• JV with fixed wing and helicopter operators,

sat comms, fuel supply, staffing through First Nation labour supplier

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NORTH RACKLA MASSIVE SULPHIDE PROJECT

• The Massive Sulphide Project, “Main

Zone”, stretches over 3.1km in strike length as defined by drilling and geophysics

• Hosts elevated Ag-Pb-Zn values
• Mineralization is hosted in Proterozoic

aged rocks and contains elevated manganese values – similar to the Broken Hill deposit in Australia, the worlds largest Ag-Pb-Zn deposit

• Scale of project is impressive (+4km of

strike length) – Similar realm to Broken Hill (which is upwards of 7-8km) and Mt Isa (4km)

5 MASSIVE SULPHIDE PROJECT

MAIN ZONE

>3.1km

Discovery Target Extension Target

Northern Area

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PROTEROZOIC SEDIMENTARY AGED ROCKS

• Paleographic reconstructions of Rodinia

put Eastern Australia (Broken Hill) adjacent to modern day Yukon at the time of deposition of both deposits

• These two deposits likely had a very

similar genesis

• Grades vary from deposit to deposit, as

does the specific geology

• Drilling at the Massive Sulphide Project

to date, plots among the richest grades that are encountered in sedex deposits globally.

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NORTH RACKLA

BROKEN HILL MINE

Source: Hoffman, P. F. (1991). Did the Breakout of Laurentia Turn Gondwanaland Inside- Out? Science, 252(5011), 1409–1412.

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MASSIVE SULPHIDE PROJECT COMPARES TO HIGH-GRADE DEPOSITS GLOBALLY

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Drilling to expand tonnage

MASSIVE SULPHIDE BROKEN HILL Red Dog

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MASSIVE SULPHIDE PROJECT

SIMPLIFIED GEOLOGY OF MAIN ZONE

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EXTENSION TARGET DISCOVERY TARGET

2018 Drilling results illustrated:

• High-grade Silver-Lead-Zinc averaging over

20% (Pb-Zn) and 100g/t Ag

• Significant true widths of over 9m
• Remains open below 200m vertical depth

2019 drilling focused on the Extension Target and defined mineralization under the till covered area:

• Successful in chasing mineralization under the

till covered area

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2018 DRILLING: MAIN ZONE – EXTENSION TARGET

• 2018 drilling returned elevated Silver, Lead

and Zinc grades over substantial widths

(PAD 6) Cross Section A-A’ & Selected Drilling Results

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*See press releases dated October 29, and November 20, 2018.

Hole Length (m) True Width (m) Silver (g/t) Lead (%) Zinc (%) Copper (%) Manganese (%)

YKDD18-012 13.00 9.19 150.6 8.09 18.04 0.05 3.67

Including

5.00 3.54 277.8 14.01 35.36 0.04 3.07 YKDD18-013 12.37 1.20 158.0 6.04 23.12 0.00 3.06

Including

5.65 3.24 207.5 7.43 40.24 0.06 1.76

And

0.80 0.46 322.0 15.60 47.38 0.02 0.28 YKDD18-014 22.00 9.30 122.6 7.33 10.97 0.22 2.00 YKDD18-016 8.63 2.33 142.1 11.44 18.36 0.02 4.52

Including

2.00 1.03 272.0 22.94 31.29 0.14 1.17

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2019 DRILLING: MAIN ZONE – EXTENSION TARGET

• Results illustrate scale along with elevated grades
• Mineralization continues to be intersected over significant widths

with extremely high grades

• 3.1km of strike length leaves room to build tonnage

(PAD 5) – Cross Section B-B’ & Selected Drilling Results

10 10 Hole Length (m) True Width (m) Silver (g/t) Lead (%) Zinc (%) Copper (%) Manganese (%) YKDD19-040 26.5 16.32 153.57 3.10 2.44 0.42 4.09 YKDD19-042 28.3 14.15 113.96 9.34 12.37 0.09 3.05 And 4.0 2.00 150.50 7.39 36.96 0.05 2.53 And 3.0 1.50 213.33 10.73 41.43 0.10 1.41 YKDD19-043 22.6 8.47 48.20 8.20 4.90 0.04 3.20 Including 3.0 1.12 55.33 21.91 1.48 0.01 4.07 And 1.1 0.41 235.40 49.30 3.72 0.11 1.99 And 3.1 1.16 97.47 6.87 21.23 0.05 3.02

*See press releases dated November 5, 2019

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VIEWS OF THE MASSIVE SULPHIDE PROJECT – MAIN ZONE

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IMAGE 2 Looking NNE along strike of the mineralized Main Zone IMAGE 1 Looking North, across the Discovery Target

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MASSIVE SULPHIDE PROJECT

AIRBORNE MAGNECTIC SURVEY

2019 GEOPHYSICAL PROGRAM EXPANDED THE PROSPECTIVE STRIKE LENGTH TO OVER 4KM

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GEOPHYSICAL INTERPRETATION

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MASSIVE SULPHIDE ZONE – Extended Up to 3.1 km in strike length

• Linear anomaly correlates well with the mapped surface trace of the Massive Sulphide Zone and

intercepts of the zone in drill core

• Based on geophysical interpretation, the Massive Sulphide Zone trend has expanded by one

kilometre, to 3.1 kilometres, of total strike length

• Other parallel features such as the South Target require additional work

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SHARE PRICE PERFORMANCE

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SHARE STRUCTURE & WORKING CAPITAL

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Issued and outstanding 48,214,086 Warrants outstanding (average strike price $0.84) 11,557,334 Options outstanding (average strike price $2.23) 2,046,000 Recent share price (July 21, 2020) $1.58 Market capitalization $76M Cash position $5.7M

(July 21, 2020)

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APPENDIX

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SEDEX DEPOSIT EXPLAINED

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• Sedex stands for “sedimentary exhalative” which is a description of how this deposit type forms
• Sedex ores are formed when hot, mineral-rich fluids associated with a large-scale hydrothermal

system are expelled from zones of structural weakness in the seafloor, where they come in contact with seawater that causes the minerals to precipitate and slowly settle out onto the ocean floor

• These hydrothermal systems persist for millions upon millions of years, eventually making a

sheet/lobe-like deposit (or deposits)

• Over the next billion-plus years, this accumulation of metallic minerals is subsequently buried,

pressured, and preserved as a layer within a package of sedimentary rocks

• In the Yukon, this package was eventually lightly cooked and lifted by tectonics onto what is now

known as the Yukon Territory.

• Laterally continuous, predictable, and stratabound would all be suitable adjectives to describe

sedex deposits.

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MASSIVE SULPHIDE ZONE

• Regional geophysics program

included airborne magnetic survey,

• Ground IP, gravity, and EM
• Airborne EM survey & Airborne

Mag Survey

REGIONAL GEOPHYSICS OUTLINE

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REGIONAL WORK

• A total of over 25,000 soil

samples have been taken within the North Rackla Project to-date

• Over 3,000 samples planned

for this year Soil-talus sampling

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REGIONAL WORK

Gold and Base Metal Anomalies

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• Soil-talus sampling has

defined discrete areas anomalous for gold and base metals

• Gold in 29 areas
• Base metals in 19 areas
• Prospecting and sampling

underway over these areas

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EXTENSION ZONE – HIGHLIGHTS OF 2019 DRILLING

139 holes (over 38,000 metres) were completed in 2019 on the Massive Sulphide Project. Drilling in 2019 was completed along a strike length of 1500 metres (or approximately 50% of the strike length) within the Main Zone.

Selected Results

21 Hole Pad Length (m) True Width (m) Silver (g/t) Lead (%) Zinc (%) Copper (%) Manganese (%)

YKDD19-040 5 26.5 16.32 153.57 3.10 2.44 0.42 4.09 YKDD19-042 5 28.3 14.15 113.96 9.34 12.37 0.09 3.05 Including 1.0 0.50 134.00 56.59 0.40 0.03 4.32 And 4.0 2.00 150.50 7.39 36.96 0.05 2.53 And 3.0 1.50 213.33 10.73 41.43 0.10 1.41 YKDD19-043 5 22.6 8.47 48.20 8.20 4.90 0.04 3.20 Including 3.0 1.12 55.33 21.91 1.48 0.01 4.07 And 1.1 0.41 235.40 49.30 3.72 0.11 1.99 And 3.1 1.16 97.47 6.87 21.23 0.05 3.02

*See press release dated September 5, 2019

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EXTENSION ZONE – HIGHLIGHTS OF 2019 DRILLING (CONT’D)

Selected Results

22 Hole Pad Length (m) True Width (m) Silver (g/t) Lead (%) Zinc (%) Copper (%) Manganese (%)

YKDD19-046 5 32.0 11.2 134.41 8.47 16.47 0.13 2.59 Including 12.0 4.2 231.75 14.50 38.11 0.06 1.42 YKDD19-067 4 2.4 1.27 302.00 13.25 0.99 0.87 2.37 9.5 5.03 62.90 6.22 6.53 0.01 1.67 3.7 1.96 136.10 14.44 14.10 0.02 2.88 YKDD19-068 4 22.2 5.00 85.20 6.84 1.69 0.04 2.78 Including 2.7 0.61 267.00 29.69 1.09 0.08 1.86

*See press release dated November 5, 2019

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CENTRAL ZONE – HIGHLIGHTS OF 2019 DRILLING

At the end of the 2019 season drilling was focused on the till covered Central

• Zone. Significant massive sulphides were intersected including the results

below:

Selected Results

23 Hole Pad Length (m) True Width (m) Silver (g/t) Lead (%) Zinc (%) Copper (%) Manganese (%)

YKDD19-146 33 18.15 12.61 95.62 13.21 20.61 0.07 2.23 YKDD19-155 33 11.65 5.83 38.14 3.37 8.04 0.22 2.68 Including 6.80 3.40 57.67 5.43 10.97 0.28 2.25 YKDD19-156 34 16.85 12.72 44.70 3.20 7.47 0.08 1.74 Including 10.70 8.08 62.58 4.90 10.93 0.06 5.02 YKDD19-119 39B 33.00 27.99 14.95 2.48 4.48 0.06 4.76 Including 5.20 4.41 31.40 7.65 14.17 0.03 4.47

*See press release dated January 30, 2020

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SIGNIFICANT STRIKE LENGTH

Main Zone

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• Drilling has defined high grade

mineralization over ~2 km of strike length

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NEVADA GOLD PROJECTS

Drilling in Fall of 2020

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• Extensive heavy mineral exploration has

defined potential new gold deposits on 4 claim blocks

• Each area has been followed up with

soil-talus sampling, BLEG sampling, prospecting, rock sampling, geologic mapping and geophysical surveys to define drill targets

• Twelve targets are to be tested by 28

holes totalling 5,360 metres

• Budget is US$800,000

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INVESTOR RELATIONS info@cantex.ca 250 860 8582

cantex.ca