EXPLORING BRITISH COLUMBIA’S 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 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 other 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. TSX-V: : WHN N | 2
WORLD-CLASS HIGH-GRADE GOLD DISCOVERY RIGHT LOCATION EARLY SUCCESS RIGHT ASSET Off a Major Highway in Canada Initial discovery area “South High-Grade Gold Discovery Zone” and new discovery Infrastructure: roads, power, 17.70 metres of 24.50 g/t Gold “Franz Zone” extends strike to people, operating mines. approximately 4 km. MOVING FORWARD PROVEN MODEL SET FOR GROWTH 40,000 metres + of drilling Classic low-sulphidation Large land package with planned for 2020 with funding epithermal system similar to numerous high-potential in place Hishikari, Kupol, and Fruta del targets Norte TSX-V: : WHN N | 3
A TRACK RECORD OF EXPLORATION AND DEVELOPMENT SUCCESS 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 Gareth Thomas Grenville Thomas President and CEO, Director Chairman Shaun Pollard Victor Tanaka CFO, Director Director Peter Fischl Hannah McDonald Exploration Manager Director Sean Thompson Ed Balon VP Corporate Development and Technical Advisor Investor Relations TSX-V: : WHN N | 4
SHAREHOLDER ALIGNMENT Institutions & Funds Shares Outstanding: 102,472,409 Directors & Officers 17% Friends & Family 30% FullyDiluted : 115,337,666 30% 10% Market Capitalization ~$ 122M INSIDER HELD Working Capital $ 4M 43% Daily Average Volume 185,000 Retail Investors TSX-V: : WHN N | 5
OUR UNIQUE ADVANTAGE: LOCATION BRITISH COLUMBIA Vanco couver uver TSX-V: : WHN N | 6
LOW-COST EXPLORATION 2.5-hour drive from Vancouver 30-minute drive from Merritt Shovelnos nose Property Bound ndar ary 5km from the Coquihalla Highway Powerline on property Franz nz Zone Heavily logged, with forestry roads in place South h Zone Veins ns Year-around exploration Westhaven Peers (1) $454/m $190/m All-in drilling costs All-in drilling costs (mean) 1. Consolidated by Sprott Capital Partners from Company Filings and S&P Market Intelligence for 2018 company exploration costs and drilling programs. TSX-V: : WHN N | 7
ASSAY HIGHLIGHTS 2018, 2019 & 2020 • 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 of 14.84 g/t Au Au and 39.40 g/t Ag. At At surface. TSX-V: : WHN N | 8
2020 NEW DISCOVERIES – FRANZ ZONE – HIGH GRADE GOLD Franz nz Zone Zone e 2 Zone e 3 Zone e 1 34.90 g/t Gold and 51.10 g/t Gold and 120.00 g/t Silver 165.00 g/t Silver TSX-V: : WHN N | 9
FRANZ ZONE – HIGH GRADE GOLD AT SURFACE FRANZ ZONE: PLAN MAP OF DRILLING TSX-V: : WHN N | 10
TARGETING THE NEXT SOUTH ZONE 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 Rhyolitic Hosts inversion TSX-V: : WHN N | 11
SKOONKA DRILL PROGRAM 2020 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 TSX-V: : WHN N | 12
LOW-SULPHIDATION EPITHERMAL – A PROVEN MODEL Hishikari El Penon Fruta del Norte Kupol Las Chispas Lihir Waihi 7.7 Moz C$4 Bn C$2.9 Bn US$3.1 Bn C$1.2 Bn 24 Moz 3.0 Moz Life of Mine Production 2 : Acquisition Cost 3 Recent Market Capitalization Acquisition Cost 4 Recent Market Capitalization Au Reserves Life of Mine Production C$122M Recent Market Capitalization Shovelnose Hishikari 1 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. TSX-V: : WHN N | 13 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)
RIGHT TIMING FOR INVESTMENT RIGHT ASSET Steady news flow and ongoing RIGHT LOCATION 30,000 + meter drill program. EARLY SUCCESS $1.20 PROVEN MODEL SET FOR GROWTH MOVING FORWARD TSX-V: : WHN N | 14
www.westhavengold.com For more information, contact: Sean Thompson 604-336-6921 info@w @westha havengold. old.com om TSX-V: : WHN N |
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