SLIDE 1
portfolio of mineral exploration properties and a strategy for - - PowerPoint PPT Presentation
portfolio of mineral exploration properties and a strategy for - - PowerPoint PPT Presentation
An emerging company with a strong portfolio of mineral exploration properties and a strategy for growth. Management Team CEX has assembled an experienced senior management team that brings a broad range of past successful experience and
SLIDE 2
SLIDE 3
CEX Projects
- RedCliff ( Copper )
- Rusty Ridge ( Rare Earth Minerals )
- Red Peak ( Copper )
- Twin Gullies ( Copper/Silver )
- Cabot (NI43-101) – ( Graphite )
- Deer Harbour ( Copper )
Based in Newfoundland, Canada, CEX has assembled 6 properties totalling over 6000 hectares.
SLIDE 4
Red Cliff - Copper
Highlights
- Stratabound shale or mudstone-hosted
copper deposit associated with redbeds and evaporites
- Located in the western portion of the
Avalon Tectonostratigraphic Zone of eastern Newfoundland, part of the Appalachian Orogenic Belt.
- A northeast trending fault system,
stretching about N060, appears clearly
- n the Landsat image of the area.
SLIDE 5
Rusty Ridge – Rare Earth
Highlights
- Mineral indications in outcrop and float occur as
pyrite, hematite breccia, native copper and
- fluorite. This morphology and mineral
association along with anomalous copper, silver, gold, cerium and lanthanum in soils from the area are suggestive of an IOCG-style target.
- Phase 1 diamond drilling in two holes totaling
1093.3 meters.
- Indications of a large, tabular-shaped and
steeply-dipping density anomaly occurring from 75 meters to at least 500 meters vertical depth. The tabular shaped body also correlated with a high-magnetic susceptibility zone at 150 and 300 meters vertical depth.
SLIDE 6
Red Peak – Copper
Highlights
- Quartz-carbonate-epidote veins containing
chalcocite-bornite and malachite azurite
- staining. The boulders are part of the talus
slope surrounding the northwestern cliff face of the Red Peak ridge. Quartz veins are up to 2 m thick and locally have rhyolite host rock margins.
- Drill Highlights include sample W20-95a
contained 18% Cu and 11.6 oz/tAg, and sample W20-98 had 5.1% Cu and 3.4 oz/t Ag.
- The copper minerals include native copper
and a variety of low-temperature sulphides such as chalcocite and bornite.
SLIDE 7
Twin Gullies – Copper & Silver
Highlights
- Suggestive of a Volcanic Redbed Copper
(VRC) style of mineralization. A 90' shaft at the main site of mineralization was examined and documented by Alexander Murray in the 1850's. .
- High-graded grab samples from the
main prospect area have assayed up to 23.6% copper and over 236 g/t silver.
- A distinct linear band of primarily
copper mineralization spatially associated with the redbeds are clearly exposed on surface.
SLIDE 8
Deer Harbour - ( Copper )
Highlights
- Major faulting in the area has revealed a
sequence of Greybeds approx…1.3kms in width by 9km in length.
- SSC copper showings hosted by the Crown
Hill Formation. Outcrop grab samples in the past returned up to 1.6% Cu. The property has received only limited prospecting to date.
SLIDE 9
Cabot (NI43-101) – (Graphite)
Highlights – Part 1
- Consists of 100 mineral claims over 5 licenses
totaling 25 Square Kilometers
- Contains 3 distinct mineral prospects the
Cabot Copper Prospect (VMS), the Cabot Graphite Prospect (Structurally hosted metamorphic Graphite), the Marble Cove Prospect ( Mesothermal Gold )
- The project is located 5km north of the
mining community of Baie Verte within a highly prolific mineral belt which has produced 14 mines, 2 of which are still in commercial production.
SLIDE 10
Cabot (NI43-101) – (Graphite)
Highlights – Part 2
- The Cabot Copper Prospect, 19 drill holes defined the
zone of copper mineralization with a strike length of at least 550m and tested to a depth of at least 450m and remains open in all directions. Mineralization encountered in drilling had an average intercept of 0.38% Copper and 0.015% Cobalt over 21.6m Subsequent regional Mag and EM geophysics indicate a large conductive body 1km north of the known prospect which remains untested.
- The Cabot Graphite Prospect zone was mapped and
sampled on surface for 2.2km with the average grab sample grading 5.2% Cg. The prospect was subsequently drilled and found to have a thickness ranging from 50 to
- 150m. Mineralization consists of polydeformed graphitic
schist with drilling highlights reaching up to 114m of 2.63% Cg.
SLIDE 11
Cabot (NI43-101) – (Graphite)
Highlights – Part 3
- (The Cabot Graphite Prospect continued)Although
flake graphite was reported as being observed in drill core no metallurgical work has been conducted to determine the flake size, distribution, and milling requirements.
- The Marble Cove Gold Prospect occurs along a coastal
exposure, to date only one quartz vein has been
- discovered. This quartz vein pinches to 10cm along the
coast and dilates to ~1m in width ~100m along strike where it is lost under foliage. The vein system contains significant concentrations of visible gold with sample assays reaching up to 12 Oz/t Au. Additional grab samples of this vein have achieved grades of 9.97g/t and 8.3 g/t Au with altered wallrock adjacent to the vein yielding up to 6.5g/t Au.
SLIDE 12
Cabot (NI43-101) – (Graphite)
Why Explore the Cabot Trend
- Excellent Location and access
- Large steeply dipping ore body exposed at surface
- Excellent candidate for bulk tonnage open pit mining
- Known grades and thickness comparable to existing
- pen pit mining operations
- Zone open in all directions
- Strong magnetic anomaly remains untested to the
north
- Project has excellent potential for graphite and gold
SLIDE 13
The Raise
Total funding sought is $ 8.0 Million via Private Placement, while the company is pursuing a TSX-V public listing.
- $0.10/ share for a remaining 2,500,000
shares to complete first round.
- $0.20 / unit consisting of one common
share purchase warrant with an exercise price of $0.35 / share for a period of 24 months.
SLIDE 14