A New Project Generator in the Americas: Poised for Discovery in BC's Golden Triangle and Beyond - ArcWest Exploration Inc.
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A New Project Generator in the
Americas:
Poised for Discovery in BC’s
Golden Triangle and Beyond
Partner Funded Drilling on Four
Porphyry Copper-Gold Projects in 2021
TSXV: AWX January 2021
Forward Looking Statement Disclaimer The technical contents of this presentation were reviewed by Jeff Kyba, P.Geo., the Company's Vice President of Exploration and a Qualified Person as defined by National Instrument 43-101. The information provided in this presentation is provided solely for general knowledge purposes. This presentation is not intended to be a comprehensive review of all matters and developments concerning the Company and the Company assumes no responsibility for its completeness, accuracy and currency. Although information used in this presentation is believed to be accurate as at the date hereof, it may not be accurate when read. The Company does not undertake to update any of the information provided in this presentation. For current information please refer to the Company's filings on SEDAR (www.sedar.com) or contact the Company. THIS PRESENTATION IS PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND, INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL THE COMPANY, ITS DIRECTORS, OFFICERS OR EMPLOYEES BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, DAMAGES DUE TO LOSS OF PROFITS OR BUSINESS INTERRUPTION) DUE TO THE READER’S USE OF THIS PRESENTATION. This presentation is not to be construed as an offer to sell, or a solicitation of an offer to buy securities of the Company. An offer to sell, or a solicitation of an offer to buy securities of the Company can only be made by a broker-dealer registered in all jurisdictions in which such an offer is being made and only if such offer is otherwise made in accordance with all applicable securities laws, regulations, and rules of any kind whatsoever. The information in this presentation is not intended in any way to qualify, modify or supplement any prospectus or other information disclosed under the corporate and securities legislation of any jurisdiction applicable to the Company. No securities commission has in any way passed on any of the information contained in this presentation. This presentation contains certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address future production or revenue, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects to occur, are forward-looking statements. Forward- looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans" "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Information inferred from the interpretation of drilling results and information concerning mineral resource estimates may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, actions by operators of the Company’s royalty projects, general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. The Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. THE FOREGOING LIMITATIONS AND DISCLAIMERS APPLY REGARDLESS OF THE CAUSES OR CIRCUMSTANCES GIVING RISE TO THE LOSS, DAMAGE, CLAIM OR LIABILITY, EVEN IF SUCH LOSS, DAMAGE, CLAIM OR LIABILITY IS BASED UPON BREACH OF CONTRACT (INCLUDING, WITHOUT LIMITATION, A CLAIM OF FUNDAMENTAL BREACH OR A BREACH OF A FUNDAMENTAL TERM), TORT (INCLUDING, WITHOUT LIMITATION, NEGLIGENCE) OR STRICT LIABILITY.
Strong Management and Technical Team
AWX Technical Team
Tyler Ruks Jeff Kyba Nigel Luckman John Bradford Dave Broughton
(PhD) (BSc, PGeo) (BASc, PGeo) (MSc, PGeo) (PhD)
President & CEO VP Exploration COO Technical Advisor Technical Advisor
The Project Generator Business Model:
• Form partnerships to explore far more projects than a typical mineral exploration company
• More targets tested means improved chances of discovery
• Maximize chances of discovery while minimizing shareholder dilution
• Management’s previous partners include:
Projects and Partnerships: Five Earn-In-Joint Venture Agreements and Counting
Significant partner funded exploration in 2021 includes drilling at AWX’s 100%
owned Teeta Creek, Todd Creek, Oxide Peak and Eagle porphyry Cu-Au projects
Golden Triangle
✓ Todd Creek: Cu-Au porphyry, VMS
optioned by P2 Gold Inc.
• Oweegee – Available for option
Northern Vancouver Island
✓ Teeta Creek: Cu-Mo-Au porphyry
optioned by Teck Resources
✓ NVI: Cu-Mo-Au porphyry
optioned by Teck Resources
Toodoggone
✓ Oxide Peak: Cu-Au porphyry
optioned by TDG Gold Corp.
Quesnel Trough
✓ Eagle: Cu-Au porphyry
Optioned to Wedgemount Resources Corp.
Skeena Arch
• Sparrowhawk
• Rip Available
• Rox for option
• Huckleberry
Partnerships – Tier 1 earn in commitments
A potential $24.45M of partner
funded exploration + $1.6M cash
to AWX over the next 3-5 years
Todd Creek (P2 Gold)
51% interest earned by:
Oxide Peak (TDG Gold)
60% interest earned by:
Tier 1 Earn-in commitments:
• $15M over 5 years • $2.4M over 3 years Timeline
• $1.15M cash • $55k cash Property Optioned by Work (M$) Cash (000) (yrs) Date Signed
• 1.35M shares • 5% ownership of TDG Todd Ck P2 Gold Inc. $15 $ 1,100 5 July, 2020
• $500,000 minimum • $400,000 minimum
spend in 2020 Teeta Ck Teck $3 $ 250 3 Oct.,2019
spend in 2020
including 1,000 m NVI Teck $2 $ 150 4 Dec., 2019
drilling TDG Gold
Eagle (Wedgemount) Oxide Peak Corp. $2.4 $ 55 3 Dec.,2019
Teeta Creek (Teck) 60% interest earned by: Wedgemount
60% interest earned by: • $2.05M over 3 years Resources
• $3M over 3 years • $110k cash Eagle Corp. $2.05 $ 110 3 Oct., 2020
• $250k cash • 1.35M shares
• $50,000 minimum
Total $ 24.45 $ 1,665
• 1.35M shares
$500,000 minimum spend in 2020
spend in 2020 including
1,000 m drilling
Todd Creek rocks
NVI (Teck)
Fall Creek (above)
60% interest earned by:
Yellow Bowl South (left)
• $2M over 4 years
• $150k cash
• 1.35M shares
• $150,000 minimum
spend in 2020
Golden Triangle Cu-Au p
The Golden Triangle
A region with the right stuff
• One of the world’s richest mineralized regions with
world-class gold and copper endowment
• Politically stable jurisdiction with numerous historic
and active mines and spectacular deposits:
▪ High grade Au-Ag and VMS - Brucejack,
Snip, Premier, Eskay Creek
▪ Large tonnage Au-Cu and Cu-Mo porphyries -
Red Chris, KSM, Galore Creek, Schaft
Creek, Snowfield
▪ Recent exploration success highlights the
discovery potential of the district
▪ VOK, Iron Cap, Deep Kerr, North ROK,
Saddle,
Oweegee
• ArcWest controls over 650 km2 of mineral claims
within the Todd Creek and Oweegee projects
Todd
Creek • These underexplored AWX projects present a
unique opportunity for near-term discovery of
porphyry Cu-Au and polymetallic VMS deposits
Golden Triangle Projects: Todd Creek and Oweegee Dome
Five partner funded projects (and
counting) equals five chances for
SEA: discovery with zero dilution
TUD: $1.99 Oweegee
$454 billion Dome
• ArcWest currently has five active partner funded porphyry Cu-
million Au exploration projects throughout British Columbia. Its Todd
Creek (P2 Gold), Teeta Creek (Teck), Oxide Peak (TDG
Gold), and Eagle (Wedgemount) projects will undergo
mandatory partner funded drill testing in 2021 with early stage
exploration to define drill targets being conducted at NVI
PVG: (Teck)
$2.75 • ArcWest’s Golden Triangle neighbours include Teuton
billion Resources (TUO), Tudor Gold (TUD), Seabridge Gold (SEA)
AWX: and Pretium Resources (PVG). These companies have
undergone significant increases in valuation since June, 2020
$6 million
and have CAD valuations (as of Dec. 21, 2020) of $134
TUO: million, $454 million, $1.99 billion and $2.75 billion,
respectively
$134
million • AWX’s Todd Creek and Oweegee Dome projects contain
some of the most prospective porphyry copper-gold and VMS
exploration targets in the Golden Triangle and are situated in
the heart of BC’s most exciting district scale exploration play.
Todd Ck.
• ArcWest is currently in discussion with potential partners
for earn-in and joint venture agreements on its additional
projects
Canada - U.S.A. Exploration Opportunities • ArcWest has a pipeline of exploration stage porphyry copper- gold and epithermal gold-silver projects for potential acquisition throughout western Canada and the USA • Site visits for multiple projects have been completed • Multiple pipeline projects come with robust exploration databases. Several projects contain shallow historic drill holes with significant intercepts that represent immediate targets for follow- up drilling
Stock Information and Company Performance Timeline
• 82,036,150 shares outstanding
TSXV: AWX • 24% held by AWX Management and
Millrock Resources
August 2020 private placement:
19% 12%
ArcWest • $1,935,000 @ $0.10
12% Management
• Lead order filled by Eric Sprott
Millrock Resources
23% • Continued support from Haywood
$0.10 Placement Securities and Red Plug Capital
34% (2018)
Cash Position: Approx. $2.5 million
$0.10 Placement
(2020) Partner Equity: Approx. $520,000
September 2019 2020
2018
• Sojourn Exploration • Rebrand to ArcWest Exploration Inc. • Signed Todd Creek project earn-in
Inc. acquires • Signed Teeta Creek project earn-in agreement with Central Timmins
properties and current Exploration Corp. (now P2 Gold Inc.)
agreement with Teck
management • Closed $1.925M private placement
• Signed NVI project earn-in with lead order from Eric Sprott
• Closes $2.8M private agreement with Teck
placement • Signed Eagle project earn-in
• Signed Oxide Peak project earn-in agreement with Wedgemount
• Completes initial
agreement with Locrian Resources Resources Corp.
fieldwork in Golden
Inc. (now TDG Gold Corp.)
Triangle
www.arcwestexploration.com
Project Chapters:
Golden Triangle Quesnel Trough
• Todd Creek • Eagle
• Oweegee
Skeena Arch
Vancouver Island • Sparrowhawk
• Teeta Creek • Rip
• NVI • Rox
• Huckleberry
Toodoggone
• Oxide Corporate StructureTodd Creek
Golden Triangle Projects: Regional Geology
The right stuff at the right address
✓ Stikine multiphase arc terrane; host to multiple
significant porphyry copper-gold deposits
Oweegee ✓ Significant arc-scale structures
KSM ✓ Widespread untested Cu-Au mineralization
Brucejack ✓ Extensive alteration
✓ New exposure in wake of glacial recession
Todd ✓ Proximal to the Hazelton – Stuhini ‘Red Line’
contact
Creek
✓ Adjoining claim holders include:
Seabridge (SEA) – KSM giant porphyry Cu-Au
Reserves: 2.198 Bt @ 0.55% Cu + 0.21 g/t Au
Pretivm (PVG) – Brucejack Au mine; Producing since 2017
Reserves: 13.1 Mt @ 13.8 g/t Au + 10.7 g/t AgTodd Creek Project: Huge Cu-Au Mineralized Alteration System
• One of B.C.’s largest unexplored porphyry copper-
Waterfall
gold systems
Orange
Mtn. Smokin • 12 x 3 km corridor of alteration and Cu-Au (Fall Creek,
Ice Creek, Yellow Bowl, and South Zones) and Cu-Zn-
Fall Creek Au-Ag (VMS Zone) mineralization
Ice
Creek Knob • Hazelton Group volcanic and sedimentary rocks
intruded by altered monzodiorite dykes and stocks
Ridge
and breccia bodies
Yellow • Valley is a regional N-S fault with upper Hazelton to
Bowl east and lower Hazelton to west, with conglomerate
Upper boulders indicating Triassic-Jurassic unconformity lies
South Hazelton further to the west
Group
Orange Mountain
Lower gossan; host to
Hazelton previously
Group unrecognized porphyry
VMS
Cu-Au style alteration
East
VMS and veining in historic
West drill core
Pyrophyllite
Todd Creek Cu-Au mineralized zones, gossans and rock geochemistry (Au)Todd Creek Project: Huge Cu-Au Mineralized Alteration System
• The Todd Creek property has been explored primarily as a VMS target
Waterfall • Work by AWX demonstrated the west side of Todd Creek valley
contains a very large and unexplored porphyry Cu-Au system with
Orange geological similarities to the nearby, supergiant KSM-Iron cap porphyry
Mtn. Cu-Au deposits (Seabridge Gold)
Smokin
• Shallow inclined holes by previous workers tested a very limited part of
Fall Creek this system, and intersected significant Cu-Au mineralization
interpreted as VMS feeder-style
• Re-logging of these historic drill holes by AWX identified previously
Ice unrecognized porphyry Cu-Au style alteration and veining
Creek Knob
Shallow historical drill intercepts, Todd Creek
Ridge
Zone DDH From To Int Au Cu
(m) (m) (m) (g/t) (%)
Yellow Fall Creek 88-22 29.30 41.95 12.65 7.61 1.58
Bowl
Ice Creek 88-47 36.65 49.65 13.00 2.73 0.59
Upper
South 88-19 59.50 89.25 29.75 3.61 0.27
South Hazelton
Group
Yellow Bowl South:
Polymict Cu-Au
Lower
bearing breccias
Hazelton
with abundant
Group VMS chalcopyrite bearing
East quartz vein clasts
VMS
West
Pyrophyllite
Todd Creek Cu-Au mineralized zones, gossans and rock geochemistry (Cu)Todd Creek Alteration Corridor
Yellow Bowl
Orange Mtn
Fall Creek
South ZoneTodd Creek Project: Yellow Bowl Zone
• The largest gossan on the property hosts strong Cu-Au
values in rocks over a 1 by 2 km area
Ice
Creek • Lower Hazelton Group ash tuffs and coarse volcanic
fragmentals are intruded by variably sericite-pyrite/chlorite-
epidote-pyrite altered intrusions and sulfide-rich breccias
containing quartz-chalcopyrite vein clasts
• Yellow Bowl overlies a significant IP chargeability anomaly
Ridge
4 km which comes to surface as Cu-Au bearing sulfide
hydrothermal breccia and is continuous with a larger body
approximately 400 m below surface
Yellow
Shallow IP target
Bowl
untested Yellow Bowl has never been drilled and cores a 4 km gap
between South Zone and Ice Creek drilling
(~150m)
gap
Deeper IP target
(400m)
South
Yellow Bowl main gossan looking westTodd Creek Project: Yellow Bowl Mineralization
Sample 656604:
0.657% Cu,
0.103 g/t Au
Breccia with sulfide
clasts, strong sericite-
pyrite alteration, pyrite-
chalcopyrite-iron
carbonate matrix.
Yellow Bowl South sample 429531: Yellow Bowl central gossan sample Sample 656605:
1.46% Cu, 0.559 g/t Au, 3.5 g/t Ag. 656607: 1.26% Cu, 0.407 g/t Au 1.23% Cu, 0.213 g/t AuTodd Creek Project: Yellow Bowl Intrusions and Breccias
Altered intrusive rocks Magmatic-hydrothermal Quartz-sulfide matrix hydrothermal breccias
polymictic breccias
Sample 851071:
4.04% Cu,
0.052 g/t Au,
Chlorite-epidote altered monzodiorite Polymictic breccia with monzonite, 62.8 g/t Ag
with 8% fine disseminated pyrite, diorite, volcanic, quartz vein clasts
trace chalcopyrite
Sample 851072:
3.74% Cu,
0.061 g/t Au,
65.4 g/t Ag
QSP altered intrusive rock, zones of
mm-scale pyrite and qtz-pyrite, stock- Quartz-chalcopyrite vein clasts
work veinletsTodd Creek Project – Previously Unrecognized Porphyry Style Veins DDH AM07-01: The northern most drill hole on the property and only test DDH FC06-01A: Tested Ice Creek Zone in 2006 and intercepted quartz - of the Orange Mountain gossan, intercepted strong, clay-pyrite altered pyrite-chalcopyrite veins with potassic (+ albite?) selvages hosted in feldspar porphyry cut by quartz-pyrite and local quartz-magnetite- chlorite-pyrite altered diorite and intrusive breccia. Intersected 19.59 m @ chalcopyrite stockwork veins. Intervals of 1.3-1.5 m grading up to 0.58 g/t Au, 0.12% Cu from 42 m. Hole tested to 114 m depth at -50 dip 0.46% Cu + 0.59 g/t Au. towards 090 azimuth
Fall Creek and South Zone: High Grade Cu-Au Veins
• North and south of Yellow Bowl, high grade Cu-Au veins and
breccias are exposed 5 km apart at lower elevations along Todd
Creek (South Zone) and Fall Creek
• Both areas contain structurally controlled zones of banded to
coxcomb multistage quartz-sulfide veining with abundant
chalcopyrite, hematite and jasper, hosted by andesitic breccias.
Mafic sites have locally been replaced by chalcopyrite.
TC08-001 (South Zone)
1.83% Cu, 7.06 g/t Au / 0.86m (60.2-61.06m) • Hydrothermal biotite has been documented in the Fall Creek
area by previous workers, suggesting a potential genetic
relationship to a nearby porphyry copper-gold system
• South Zone has been traced over 700 meters, while multiple
zones at Fall Creek have been traced over 300-400 meters
• Exploration by Noranda between 1988-1991 focused on the
SZD04-04 (South Zone)
0.78% Cu, 11.1 g/t Au / 1.2m (181.9-183.1m) South and Fall Creek zone:
• Delineated an in-house (NON 43-101 COMPLIANT)
resource:
• 207,000 t @ 5.48 g/t Au (Hemlo Gold Mines, 1988) at
the South Zone
• Significant intercepts at Fall Creek:
• 31.85m @ 0.73% Cu and 3.47 g/t Au (NTC88-022)
• A significant chargeability anomaly underlies South Zone and
Fall Creek A Zone sample 712150
remains untested by drilling
4.22% Cu, 0.56 g/t AuTodd Creek: Yellow Bowl 2018 IP Survey
Line 1
Line 2
Line 2
Line 1Todd Creek IP Chargeability at Yellow Bowl looking WNW
~3km Undrilled
Yellow Bowl
Orange Mtn
Ice Ck
South Zone
FC-06-01A AM-07-01
VMS
Knob
Waterfall
Chargeability (mV)
DDH traces
Copper in rocks (ppm)
~ 3 kmTodd Creek Size Relative to Giant Porphyry Systems
• A south to north long section through the Todd Creek
S N system from the South Zone to Orange Mountain is
shown at the same scale as the Ridgeway-Cadia Cu-
Au deposits, New South Wales, the Red Chris Cu-Au
deposit (Cadia and Red Chris sections from
Newcrest Mining Ltd. presentation) and the KSM
Todd system (from Seabridge Gold Corp. presentation)
Creek
• The scale of the untested anomaly beneath the
Yellow Bowl gossan and beyond to Orange Mountain
Cadia- is comparable to these giant porphyry systems
Ridgeway
Red Chris
KSM
YB South gossan looking
north toward central gossan
and Ridge Zone 3 km awayTodd Creek: VMS Zone – Untested Massive Sulfides
Cu • Located 2.5 km SE of South Zone, east of Todd Creek Fault
• N-NW trending massive sulfide lenses, 0.5 - 3 meters wide
VMS discovered in 2008 at the toe of the receding glacier
VMS East • Followed up with VTEM airborne survey - several NW trending
West linear conductors identified in the area
• New exposures of additional massive sulfide discovered in
2018-2019, including Cu-Au enriched VMS West Zone
• Nineteen rock samples collected in 2019 averaged
0.351 g/t Au, 8.6 g/t Ag, 0.64% Cu, 0.21% Pb, 1.03% Zn
• Open in all directions and never drill tested
Zn
Looking from South Zone toward VMS ZoneTodd Creek: VMS Zone Mineralization
2008 VMS East discovery zone sample 427004: VMS West sample 850919: 0.839% Cu,
VMS West 2019 discovery sample 850915:
3.73% Cu, 6.46% Zn, 0.447 g/t Au, 58.2 g/t Ag 0.825 g/t Au, 7.6 g/t Ag
0.824% Cu, 0.513 g/t Au
VMS West 2019 discovery sample
VMS East sample 851083: 1.98% Cu, 3.14% Zn,
850916: 0.356% Cu, 4.79% Zn,
0.38 g/t Au, 36.6 g/t Ag
VMS West sample 850920: 0.564% Cu, 0.032 g/t Au, 12.2 g/t Ag
2.05 g/t Au, 5.1 g/t AgTodd Creek: A New VMS District?
• In 2018, ArcWest discovered a
new zone of possible shallow
VMS mineralization in Upper
Hazelton Group east of Todd
Smokin Creek Fault, 10 km north of
Zone VMS Zone – Smokin’ Zone
• Mineralization is proximal to a
contact between altered rhyolite
breccia and calcareous
mudstone - similar stratigraphic
10 position to other known VMS
km
deposits in the district
• Abundant very-fine sooty pyrite
with chalcedonic silica matrix-fill
and veinlets, minor
carbonaceous fragments with
anomalous As, Sb, Au, Ag, Mo
VMS and Mn values
Zone • Potential Eskay Creek analogueOweegee Dome
Delta TargetOweegee Dome
Delta TargetOweegee: Delta Porphyry System
• The Oweegee Property covers 31,077 hectares of Stikine Terrane
exposed in a window surrounded by Bowser Lake Group sediments
located 45 km east of the supergiant KSM-Iron Cap porphyry Cu-Au
deposits owned by Seabridge Gold Inc.
Skowill
East • A structural culmination exposes the regionally significant Stuhini –
Hazelton contact, a prospective stratigraphic feature within 2 km of most
significant porphyry copper-gold deposits in the Stikine Terrane
• Large historical exploration database includes rock, soil and silt
geochem, airborne mag and EM, but only limited drilling
• Widespread peripheral Zn/polymetallic anomalies in soils and stream
seds (South Meadow, Delta West zones)
• Limited shallow drill testing of the Delta target in 1996 and 2007
intersected strongly altered breccias and diorite porphyry with sulfide
stockworks
• A 2017 stream sediment survey outlined a large porphyry-related Cu±Te
anomaly in the southern part of the dome (Delta porphyry target)
Delta
Porphyry • Follow up of stream sediment anomalies in 2018 discovered a new,
potassic altered, Cu-bearing intrusion over 1.7 km from known
Target mineralization
• Northwest Delta zone is host to a prominent gossan and the most
significant Cu-Au assays in grab samples on the property. The showing
remains untested by drilling.
• The Skowill East target comprises a broad zone of strongly altered,
pyrite rich porphyritic intrusions and breccias associated with a 2km long
colour anomaly. The zone has yet to undergo follow up exploration
DDH From (m) To (m) Int (m) Au (g/t) Cu (%)
96-02 3.05 73.45 70.40 0.263 0.12
Incl. 7.55 28.45 20.90 0.520 0.15
and 174.30 197.10 22.80 0.276 0.17
07-03 59.26 145.56 86.30 0.228 0.10
Incl. 80.16 95.80 15.64 0.442 0.10Oweegee: Cu Geochemistry and Magnetic Anomaly
• The Delta Porphyry target lies within a
Upper Bear much larger magnetic low consistent
with magnetite-destructive alteration
• Strongly anomalous Cu and Mo values
occur in Snowpatch Creek, 2 km west of
the Delta Zone
• Breccias with porphyry clasts 800
meters NE of the Delta Zone in upper
Delta Bear Creek returned up to 0.24% Cu
and 0.35 g/t Au
Snowpatch
DC07-03 207m
Heterolithic breccia with
black, sandstone /
mudstone matrix. 30%
clasts including pyrite
rich feldspar-phyric
clasts (intrusive?) and
mudstone/siltstone
clasts. DC07-03 141m porphyry style vein with pyrite center lineOweegee: Au Geochemistry and Magnetic Anomaly
Upper Bear
DC07-03 100-102m Intensely QSP altered volcanics with
sulfide veins 0.23 g/t Au 0.11% Cu
Delta
Snowpatch
DC07-03
122.5 m
Py-Cp breccia
vein in DC07-03 126.7-128 massive sulfide veins and breccia
strongly QSP filling in QSP altered volcanics
altered
volcanics
0.15 g/t Au
0.10% CuOweegee: DC07-03 – Magnetite Destructive Alteration
127m Silica-pyrite altered aplite with semi-
52m Top of heterolithic hydrothermal-magmatic / 101m QSP/clay-pyrite altered breccia with massive – massive pyrite-chalcopyrite
intrusive breccia with hb biotite plag phyric clasts pyrite-chalcopyrite veins parallel to core axis veins and veinlets
86.5m QSP altered breccia with pyrite clasts. 107.6m Hydro-magmatic breccia with QSP 143m Quartz-sericite-pyrite altered breccia
1-2% disseminated pyrite. Trace Cpy? altered clasts (incl. feldspar porphyry) with with quartz-pyrite vein fragments.
pyrite rich matrix
141m QSP altered breccia with vein fragments containing 185m QSP/clay-pyrite altered hydrothermal+/-magmatic
pyrite centre lines. Porphyry style veins. breccia with qtz-pyrite vein.Oweegee Dome: Northwest Zone
Northwest Zone
Potential
Eleven grab samples collected in 1997 averaged 0.53% Cu, 1.09 g/t
2021 drill pad Au and 4.8 g/t Ag, hosted in strongly altered rocks.
The downslope area contains a 400m x 400m Cu-Au soil anomaly
with assays up to 0.1% Cu and 0.9 g/t Au.
Potential
Iron Cap-like
mineral cover?
System open to
the north?
Delta Zone
SAMPLE East North Au g/t Cu ppm Ag ppm
460232 468126 6274009 0.975 6220 4
460233 468123 6274010 0.285 2950 1
460234 468129 6274007 0.19 2530 1.2
460235 468133 6274005 0.13 2480 0.6
460236 468138 6274003 0.175 1100 0.4
460237 468128 6274015 1.025 6830 4
460238 468125 6274017 0.87 3860 3.2 Despite hosting the most significant Cu-Au
460239 468132 6274013 0.665 4900 3.2
600762 468134 6274002 2.52 13500 11.8 assays in grab samples on the property,
600763 468131 6274004 3.48 8440 15.8 Northwest Zone remains untested by drilling
600764 468132 6273997 1.7 6190 8.4Oweegee Dome Hazelton–Stuhini contact The Hazelton-Stuhini contact or “Red Line” (Kyba and Nelson, 2014) occurs in proximity to the largest Altered porphyritic intrusive clasts and highest grade porphyry Cu-Au deposits in northwest BC. AWX discovered this prospective with local, porphyry style veins stratigraphic feature downslope of Delta Zone in 2019. The conglomerate contains altered porphyritic intrusive clasts with local porphyry style veining, suggesting proximity to a nearby porphyry Cu-Au system. No drilling or IP has been conducted in this highly prospective area. Hazelton Group basal poly-lithic conglomerate: Possible Jack Fm equivalent? Clasts (75%): angular to sub-rounded, mm-1.5 m wide, abundant QSP altered intermediate intrusives with local qtz-py-ep-veins, lesser siltstone, fine grained volcanic rocks, mudstone, crowded plag porphyry, rare massive pyrite. Matrix (25%): very fine grained siliceous arkose? Grit in part, hard. Stuhini Group volcanic rocks: dark green-grey, fine grained to aphanitic with 3-5 % sub-euhedral pyroxene phenocrysts
Oweegee: Skowill Creek prospect
• Approximately 10 km north of Delta Zone, a nearly 2 km
GSC strike length colour anomaly is situated near the prospective
Sample Stuhini-Hazelton unconformity or “Red Line”; an additional
1994-61 potential porphyry Cu-Au centre, situated on the north side
1.5% Cu of the Oweegee Dome antiform
Altered • Rock chip samples collected by previous workers describe
porphyry strongly altered porphyry and porphyry breccia with 2-20%
samples pyrite and up to 0.14% copper
• Anomalous copper in soil and silts
• up to 712 ppm in soil
• GSC sample 1994-61 returned 1.5% Cu and has never
been followed up (GCS Open File 2688, Greig et al.)
• Broad visible FeO alteration underlain by Stikine
Assemblage Devono-Mississippian volcanics
• Could a blind or unrecognized intrusion be causing
the alteration?
Gossanous outcrop
near historic “altered
porphyry” sample
locationsOweegee Dome: Summary The Delta Zone is an underexplored porphyry Cu-Au system exposed over 20 square kilometers. Additional copper showings and gossans occur throughout the property and require follow up exploration. Shallow inclined (-50) drill holes at the Delta Zone intercepted significant Cu-Au mineralization over broad intervals despite the presence of intense, QSP/clay- pyrite alteration. This suggests potential to vector into higher grade porphyry Cu-Au mineralization with depth. The most significant Cu-Au values in grab samples from the property are from a large, prominent gossan at the northwest end of Delta Zone (Northwest Zone). This prospective gossan, which is also host to a significant Cu-Au in soil anomaly, remains untested by drilling. A recommended 2020 program would include mapping, sampling, geophysics (IP) and a first phase drill test of the Northwest Zone.
B.C. Cu-Au(-Mo) Porphyry Projects
• ArcWest’s 100% owned Oxide Peak, Eagle,
Sparrowhawk, Rip and Teeta Creek / NVI
projects target large scale copper-gold
OXIDE PEAK
porphyry systems in the Toodoggone,
Quesnel Trough, Skeena Arch (Stikine
Terrane) and Wrangellia
• Projects are located in areas with a high
EAGLE concentration of porphyry systems near
producing mines (Mt. Milligan), past
SPARROWHAWK producers (Bell, Granisle, Kemess,
Huckleberry, Island Copper, Yreka) and
advanced development projects (Kwanika,
RIP Kemess East, Kemess Underground,
Morrison, Hushamu)
• In 2019 and 2020, ArcWest executed Earn-In
Agreements on five of these projects: Teeta
Creek (Teck Resources), NVI (Teck
Resources) Oxide Peak (TDG Gold Corp.)
Todd Creek (P2 Gold Inc.) and Eagle
(Wedgemount Resources)
TEETA CREEK/NVITeeta Creek and NVI Looking northwest across Teeta Creek
Teeta Creek and NVI Cu-Mo-Au Porphyry Projects
Red Dog
Hushamu
Island Copper
NVI • Cu-Mo-Au porphyry system with historical
drill intercepts and new exposures with
widespread gossans along logging roads
Karmutsen
Yreka • Magmatism and mineralization is now
basalt
dated at 6-7 Ma
Bonanza Teeta • this belt represents a new discovery
volcanics Benson Lake
Creek and the youngest known porphyry
Merry Widow belt in B.C.
• On Oct. 15, 2019 ArcWest announced
an Earn-In Agreement with Teck
Resources to explore Teeta Creek
Past producing mines and significant deposits,
northern Vancouver Island • A second Earn-In Agreement with Teck
to explore NVI was announced on Dec.
20, 2019Teeta Creek – The Youngest Porphyry Belt
• Active subduction along the west coast
produced a number of magmatic belts and
significant Cu, Mo and Au deposits of
Eocene (Quartz Hill, Catface) to Miocene
(Pyramid, Cinola) age
• Re-Os age of 6.49 Ma, Teeta Creek
is one of the youngest porphyry
systems in the Cordillera
• A strong NE lineament includes the Teeta
Creek porphyry and related plutons, Alert
Bay volcanics and the 6.9 Ma Franklin
Glacier caldera and may represent a hot
zone created by a subducted ridge of the
Explorer oceanic plate
Teeta Creek
lineament
Teeta Creek porphyryTeeta Creek Cu-Mo-Au Porphyry Target
• The Teeta Creek porphyry was explored
by Newmont and others (1965-1976)
including drilling along the valley floor,
1.97 g/t Au which returned significant Cu intercepts
open • Recent mapping aided by new roads
21.1 g/t Au revealed extended Cu-Mo
mineralization far beyond the area
75-1 (0.35% Cu previously drilled
/ 67m)
Historical • Undrilled porphyry mineralization along
drilling
the upper road is over 750 meters north
of and 200 m elevation above drill hole
S75-1 and has not been closed off on
both sides of the valley
• Structures hosting high grade gold
mineralization (up to 21 g/t) to the north
Quatsino
and strongly altered breccias to the
open King
south may indicate continuation of the
porphyry at depth
68-3 (0.23% Cu Breccia • High grade Au-Cu veins at the Quatsino
/ 87m) zone
King (e.g. 0.64% Cu, 6.5 g/t Au / 8m in
adit chip) may also represent a higher
level expression of the porphyry systemNVI Cu-Mo-Au Porphyry Project: Regional Targets
Cluxewe • The northeast-trending Miocene
dacite
magmatic belt has not been
Muir Lake Cu previously recognized as a porphyry
belt, and has received limited
Twin Peaks volcanic exploration to date
conglomerate, dykes Keogh
Cu-Mo • Multiple Cu, Mo, Zn, Au and Ag
targets within the Miocene trend are
Ecila Cu related to small plutons (Klaskish,
NVI Cu Teeta Creek, Victoria Lake) and
Clancy Zn-Cu- undated dykes (Ecila, Keogh?)
Au-Ag Pilgrim Zn-Cu-
Teeta Creek
Au-Ag • 2019 Reconnaissance by ArcWest
Cu-Mo-Au-Ag Victoria Lake crews discovered the NVI
Pluton
occurrence, a zone of microdiorite
hosted porphyry copper style veining
(including quartz-magnetite-
chalcopyrite+/-bornite) traced for 115
Klaskish m then is masked under forest cover.
Pluton The zone reappears 200 m north,
Nik Cu-Mo observed as chalcopyrite mineralized
QSP altered porphyritic intrusive
phases.
• This newly discovered porphyry
copper system is open in all
directionsTeeta Creek and NVI: Alteration and Mineralization
Teeta Creek NVI
Breccia cut by quartz-cpy-mo
veins (M456735: 1670 ppm Cu,
310 ppm Mo)
Feldspar porphyry cut by quartz-sx stockwork
Silica-pyrite altered hydrothermal (M456741: 3580 ppm Cu, 233 ppm Mo)
breccia (M456739:1.95 g/t Au,
4.3 g/t Ag, 1150 ppm As, 4040
ppm Sb)
Microdiorite to monzonite porphyry
dykes with mineralized miarolitic cavities
(cpy, bo) and qtz-cpy-mt veins; assays
Biotite-magnetite altered intrusive with qtz-cp- up to 0.577% Cu
py-mt veins (M456737: 1200 ppm Cu)Teeta Creek and NVI Earn-In Agreements
Teeta Creek
• In October 2019, Teck Resources
signed an Earn-In Agreement to explore
the Teeta Creek Project
• Teck can earn an initial 60% interest by
funding $3,000,000 exploration
expenditures and $250,000 cash
payment over three-years
• A minimum exploration expenditure of
$500,000 including 1,000 m of drilling
is required before December 31st, 2020
NVI
• In December 2019, Teck Resources
signed an Earn-In Agreement to explore
the NVI Project
• Teck can earn an initial 60% interest by
Intense porphyry stockwork, Teeta Creek
funding $2,000,000 exploration
expenditures and $150,000 cash
payment over three-years
• A minimum exploration expenditure of
$150,000 is required before Jan. 15th,
2021Oxide Peak Cu-Au Project, Toodoggone District Looking South across Oxide Peak
Oxide Peak Cu-Au Project, Toodoggone District
Oxide Creek
• 8438 hectares in the Toodoggone District
Gordonia
• B.C.’s largest concentration of high level
porphyry lithocap environments
Falcon
Oxide Peak
Project • Contiguous with Freeport’s JD Project, Benchmark’s
Lawyer’s Project, and Talisker’s Shasta-Baker
Saunders Creek Projects
• Multiple untested porphyry Cu-Au and high grade Au
West Camp
targets, including:
• Oxide Peak/Oxide Creek: transition from
ridgetop epithermal alteration (silica and
advanced argillic) to porphyry style alteration and
veining along the creek
• Falcon: phyllic to propylitic alteration associated
with porphyry dykes intruding along the Stuhini -
Hazelton unconformity
• Gordonia, Tarn: widespread high grade Cu-Au
quartz veins in volcanics, breccias and high level
intrusive rocks near a probable volcanic center
• West Camp: propylitic alteration, Cu
mineralization, mag highs and intrusive bodies
• Saunders Creek : extensive Au in soil/silt
anomaly
Toodoggone geology and mineral occurrencesOxide Peak Cu-Au Project (North Area)
Oxide Peak
Oxide Creek
Oxide Gordonia
• Hypabyssal intrusive rocks observed at two areas:
Oxide Peak and Falcon
• Cu-Au bearing porphyry style quartz-sulfide veining is Falcon
exposed at lower elevations
• Alteration ranges from high level advanced argillic
and phyllic to deeper level potassic FalconOxide Peak North: Oxide Creek and Falcon Zones
Oxide Creek Falcon Oxide Creek
• Advanced argillic and propylitic
alteration on Oxide Peak overlying
quartz-carbonate ± sulfide veining in
polyphase intrusive rocks in Oxide
Creek
• Propylitic altered monzodioritic
Gossanous alteration in valley hydrothermal-magmatic breccias in
Oxide Creek contain quartz-pyrite-
High level silica-clay-pyrite alteration chalcopyrite-magnetite veins
• This zone is exposed on the north side
of a magnetic high
Falcon
Quartz veins in porphyry • Propylitic to phyllic alteration associated
Chl-mt-py altered with porphyry dykes and a mag high
Sericite-chlorite- feldspar porphyry typical of a buried porphyry; proximal to
pyrite alteration with qtz-py-cp-mt “red line” Tr-J unconformity
along creek veins
• Quartz and sulfide sheeted veins and
stockworks locally contain significant Cu
grades (>2% Cu in grabs)
• Initial modern exploration completed
on Oxide Peak in 2020 by TDG Gold
Corp. IP and geochemical results are
pending
Monzonite with sheeted quartz veins Sheeted quartz veins in porphyryOxide Peak North: Gordonia Zone
• Widespread quartz-sulfide veins with strong Cu-Au and anomalous Bi, Mo ± W
are hosted in Hazelton Group volcanic rocks (andesite, coarse sediments and
ash flow tuff)
• The veins are common over 4 x 2.5 km area
• Grab samples returned grades up to 43 g/t Au with numerous samples >1% Cu
43.3 g/t Au,
18.7 g/t Ag
10.5 g/t Au,
>1% Cu
12.5 g/t Au,
>1% Cu
33.3 g/t Au,
0.41% Cu
21.8 g/t Au,
0.32% Cu
14.9 g/t Au, 5.3 g/t Au, 0.83% Cu
0.16% Cu
Quartz-pyrite-chalcopyrite veins (+Bi/Mo/W) Distribution of high-grade grab samplesOxide Peak Cu-Au Project: Buried Porphyry Potential
• Strong evidence for a buried porphyry system in the
Porphyry McClair – Belle Creek valley:
uTrT
Targets • Over 12 km long zone of advanced argillic and phyllic
alteration
• Associated with porphyry dykes swarm
Oxide lJH • Outcropping porphyry alteration and mineralization in
Peak
Oxide Creek
• Porphyry-style alteration and mineralization (+0.5%
Cu) in DH’s east of JD (JD porphyry)
lJH
uTrT • Strong block fault structural control (analogous to
Falcon Kemess) and N-S alignment of buried mag highs
lJH
JD • Widespread Cu-Au quartz veins in Hazelton Gp east
of McClair-Belle fault
uTrT
lJH
Porphyry- McClair
epithermal
transition Pluton
Saunders
Creek
Oxide – JD –
McClair alteration Potassic+ser-ch altered Chl after secondary biotite along
zone on TMF dacite porphyry cut by qtz-py- fractures and after mafics, with
mt-cp stockwork secondary Mt/Hm partly replaced by
Py-Cp (Leitch 2018)Oxide Peak South: West Camp and Saunders Creek Targets
• West Camp is an untested porphyry target in
the southern part of the Oxide Peak project
Saunders consisting of widespread copper
Creek mineralization over a >2 km wide area, hosted
by Metsantan andesites
West
Camp
• Kemess-type structural setting results in
buried porphyries in downfaulted blocks
• Mineralization in the West and East Camp
showings is underlain by magnetic highs and
closely associated with porphyry intrusions
Geology, mag highs and • Gossans in outcrops along the lower part of
historical rock samples, West Saunders Creek gold Saunders Creek may represent the
Camp porphyry Cu target anomalies (ppb Au)
continuation of the McClair Creek alteration
zone south of the Toodoggone River
gossans
1400 • Historical stream sediment sampling along
9.48% Cu lower Saunders Creek returned strong Au
anomalies, including values of 1.4 and
East >10 g/t Au
SOM
Camp • Follow-up soil sampling in the overburden
1.23% Cu covered area adjacent to the creek outlined a
West >10000 >100 ppb gold in soil anomaly across multiple
Camp 2.12% Cu soil lines, with high values of 600 and 2800
2800
ppb Au; these significant silt and soil
600
anomalies have never been followed upOxide Peak ArcWest-Locrian Earn-In Agreement
Looking South across Oxide Peak • In December, 2019, ArcWest and
Locrian Resources signed an Earn-In
Agreement to explore the Oxide Peak
Project
• Locrian is 20% owned by OceanaGold
Corp.
• Locrian can earn an initial 60% interest
by funding $2,400,000 cumulative
exploration expenditures and $55,000
staged cash payments over a three-
year period.
Looking North across Oxide Peak
• Additionally, Locrian will issue to
ArcWest 5% of its outstanding shares
12 months from signing, or immediately
prior to a going public transaction.
• A minimum exploration expenditure of
$400,000 is required before December
31st, 2020Sparrowhawk Cu-Au Porphyry Project Looking northwest toward Sparrowhawk property across the Bell pit
Sparrowhawk Cu-Au Porphyry Project Regional Setting
• The Babine Porphyry Belt contains Eocene
Cu-Au bearing porphyries including the past
producing Bell and Granisle mines, three
defined deposits with resources (Morrison,
Hearne Hill, Dorothy) and several other
prospects (Nak, Trail Peak, Lennac Lake)
• ArcWest’s 9,897 ha road accessible
BABINE
Sparrowhawk project is centrally located
PORPHYRY between the Bell and Morrison deposits and
BELT exhibits geological similarities
• Widespread glacial till limits the effectiveness
of traditional geochemical exploration
techniques
• Key targets at Sparrowhawk include till
covered conductors within the Morrison graben
structure and west of the Morrison Fault
– A similar geological address observed at
Bell and Morrison Deposits
Babine Porphyry Belt,
ArcWest mineral tenuresSparrowhawk Cu-Au Porphyry Local Geology
Simplified Lithology Morrison
Nechako Group 206 Mt @ 0.39% Cu + 0.20 g/t Au
Babine
Newman Fm Intrusions Hearn Hill
(50-54 Ma) 143 kt @ 1.73% Cu + 1.8 g/t Au
Skeena Group
Bulkley
Rhyolite Intrusions
Sediments (78-85 Ma) Morrison Camp
Bowser Lake Group
Sediments
Hazelton Group
Sediments Spike Smithers
Peak Landing
& volcanics
Intrusions
Takla Group (166-176 Ma)
Sediments Topley
Intrusions Bell
& volcanics (218-194 Ma) 358 Mt @ 0.37% Cu
Asitka Group + 0.16g/t Au
Carbonates
Showing
Granisle
Community
96 Mt @ 0.33% Cu
Developed + 0.11g/t Au
Camp
Prospect
Past Road
Producer Granisle
Canfor CampSparrowhawk Cu-Au Porphyry Project Geology
Simplified Lithology
AWX Claim Boundary
Nechako Group
Babine Morrison Camp
Newman Fm Intrusions
(50-54 Ma)
Skeena Group
Bulkley DCA
Rhyolite Intrusions
Sediments (78-85 Ma)
Bowser Lake Group
Sparrowhawk
Sediments
Hazelton Group
Sediments Spike
& volcanics Peak Bell
Intrusions MRMF
Takla Group (166-176 Ma)
Hagan
Sediments Topley
Bell TMF
Intrusions
& volcanics (218-194 Ma)
Asitka Group
Carbonates
Proposed tailings
Showing and waste rock site
Developed Newman
Camp Granisle
Prospect TMF
Past Road
ProducerSparrowhawk Cu-Au Porphyry Project Geology and Target
Deposit analog: the Bell Mine
• An Eocene biotite-feldspar porphyry (BFP) AWX Claim Boundary
stock emplaced at the intersection of the
north-northwest trending Newman Fault
and an east-northeast cross fault all within
a paleo graben filled with Cretaceous
A’
marine sediments and local felsic domes DCA
and flows
– Geophysical footprint
• Mag high with low center
Sparrowhawk
• Conductive halo
– Negligible geochemical surface
A
expression
• Single 80 ppm Cu from bog
sample
Sparrowhawk Target:
Bell
• High magnetic anomaly with overlapping
geophysical conductors located west of the
Morrison Fault within the Morrison Graben
and proximal to Newman Volcanics – the
extrusive equivalent of the Babine
Intrusive suite
– Conductors and most outcrop are Granisle
obscured by glacial sedimentsSparrowhawk Cu-Au Porphyry Project Geology and Target
Float samples from target area include:
AWX Claim Boundar
1. S850066: Intermediate grey-light
brown, fine grained equigranular
quartz-hornblende –plagioclase -
biotite with strong biotite
A’
replacement of hornblende. DCA
1
Common mm scale quartz pyrite- 2
chalcopyrite veinlets. Weakly 1
magnetic. 3
0.303% Cu + 0.098 g/t Au Sparrowhawk
A
2. S850067: Light grey-beige fine
grained silica-sericit-pyrite
groundmass with medium-coarse
plagioclase-quartz and lesser biotite
phenocrysts. Common interstitial
and disseminated pyrite and minor
chalcopyrite. Weakly magnetic. 2 Bell
3. Sub Rounded Float: Intermediate
green-grey, fine to very fine grained,
strong pervasive silica replacement,
common fine grained disseminated
and vein concordant chalcopyrite
and magnetite. Common stockwork, Granisle
moderately magnetic.
3Sparrowhawk – Geophysical Profiles & Schematic Section
Geotech 2011 Looking Northwest TMI magnetic
Airborne VTEM Survey
L1380:3
profile
UTM 6105260N
TARGET
Surface
DCA
Bfield Stockwork
Z profile
Cu bearing
float samples
Babine
Lake
Skeena Newman volcanics
sediments (extrusive equivalent
Blind
Intrusion of Babine Suite)
introduced
from
Morrison Hazelton Group
Fault? Volcanics & Sediments
A A’
Morrison Graben ~ 1 kmSparrowhawk Project: Till and Lake Sediment Anomalies
Copper in Till Cu As • 2002 BCGS regional till sampling
Hg
and Lake highlighted the Sparrowhawk area as a
Sediment strong potential for discovery of porphyry
Cu Zn Hg
Geochemistry Cu-Au deposits (BCGS Bulletin 110)
Hg Au
A’ • Four significant dispersal trains
delineated by both till and lake
Hg Au
sediments contain 95th and 98th
Cu As Ag percentile Cu geochem anomalies
Cu Au
(along with other key elements)
A Sb Cu Au Cu Hg Mo
Cu Au
• None of these dispersal trains have
known sources although two appear to
extend down ice from the Sparrowhawk
mineralized trend
Potential source area
Dispersal trainSparrowhawk Project: Mineralized Trends
• Sparrowhawk - three km trend, outcrops of high
grade breccia and vein mineralization with up to
BFP Trend 3.25% Cu and 1.39 g/t Au
• DCA - mafic volcanics with quartz-magnetite-
chalcopyrite stringers and chalcopyrite amygdals,
and microdiorite intrusions with quartz-magnetite
stockworks and sheeted veins
DCA Trend
• BFP – rusty QSP altered biotite feldspar porphyry
with disseminated chalcopyrite
Sparrowhawk R41007 – BFP
0.16% Cu
Trend
Sparrowhawk rock and soil
geochemistry - copper
S850074 – DCA S850074 – DCA
0.16% Cu sheeted quartz-magnetite veinsSparrowhawk Cu-Au Porphyry Targets - TMI
• Airborne magnetics in the central part of the
Sparrowhawk property shows three magnetic
highs which represent primary untested drill
Hazelton targets for buried porphyries:
Group
➢ A – mag high in downdropped block
Late K – associated with B-field airborne EM anomaly
Eocene?
Down dropped
➢ B – mag high in downdropped block
block – Late K
–Eocene? associated with outcrops of siliceous breccia
C
and Babine intrusions, and scattered
anomalous Cu in soils
A
➢ C – mag high associated with copper-rich
breccia outrcrops (Sparrowhawk breccia
showing)
B
Sparrowhawk copper geochemistry on total magnetic field
Sparrowhawk breccia – quartz-
magnetite, chalcopyrite clastsEagle Cu-Au Porphyry Project
Looking west from the Nighthawk showing
Towards Tchentlo Lake
Massive chalcopyrite Cu bearing alkalic suite
from Nighthawk trench from the Vector zoneEagle Cu-Au Porphyry Project - Regional Geology
• 2530 hectares located between the
Mt. Milligan Cu-Au Mine and the
Kwanika Cu-Au deposit
• Mt. Milligan has 5.7 M oz Au and
2.2 B pounds Cu in PP reserves
• Kwanika has an Indicated Pit
Constrained Resource of 101 Mt
of 0.31% Cu and 0.32 g/t Au
Centerra Gold’s Mt. Milligan Mine
• Eagle straddles the margin of the Hogem Batholith adjacent to a
prominent arc-normal structure
• The property surrounds Altius Minerals’ Gibson project, and
may contain extensions of high grade Au-Ag bearing structuresEagle Cu-Au Porphyry Project: Magnetic Signatures
Cu-Au porphyries in the Quesnel
Trough are associated with mafic
intrusive complexes and large
magnetic highs
The Eagle Project is underlain by
one of the most prominent mag
highs in the regionEagle Cu-Au Porphyry Project: Untested Targets
• Historical geological mapping and sampling
Copper in Rocks, Soils delineates a 0.8 by 3 km corridor of Cu-Au
mineralization and anomalous Cu in soils
Lake
Vector • Shallow historic drilling tested a small portion of
this corridor and returned high- grade intercepts:
EA-91-06:
27.28 m of 0.87% Cu, 0.32 g/t Au and 3.85 g/t Ag
EA-91-07:
Mid 15.74 m of 0.69% Cu, 0.20 g/t Au and 2.19 g/t Ag
EA-91-12:
17.9 m of 0.82% Cu, 0.47 g/t Au and 4.11 g/t Ag
EA-91-13:
20.2 m of 0.56% Cu, 0.29 g/t Au and 2.84 g/t Ag
• Porphyry style Cu-Au-Ag mineralization hosted in
dioritic intrusive rocks and breccias is associated
with variable potassic (Kspar-magnetite-epidote),
and propylitic (epidote) alteration
Broad zones of high Nighthawk
Cu values in soil
extend beyond the
areas of historical
drillingEagle Cu-Au Porphyry Project: Untested Targets
Vector
Mid
Vector
Nighthawk
1991 &
1996 drilling
Mid
200ppm Cu
50ppb Au
Nighthawk
2019 sample S849905:
Massive chalcopyrite from
historic trench:
28.3% Cu + 2.42 g/t Au +
143 g/t Ag
~1km
Looking north-northwest across Nighthawk, Mid and Vector zones.
IP Chargeability sections digitized from 1989 Noranda survey.
Red = 35 milliseconds; Yellow = 20 milliseconds.Eagle Cu-Au Porphyry Project: Vector Zone Vector Zone outcrop (left), semimassive magnetite-sulfide (center), pervasive K-feldspar-epidote- magnetite-chalcopyrite (top right), semimassive magnetite-chalcopyrite-pyrite (bottom right)
Bulkley Porphyry Projects
• Four projects located in the Skeena Arch, a belt
noted for Bulkley aged (Late Cretaceous)
porphyries and epithermal Au-Ag deposits, including
past producers (Huckleberry, Silver Queen, Equity)
and significant resources (Berg, Poplar, Seel/Ox)
• Excellent road access
Tets Rip
Rox
Huckleberry
North
AWX Projects
Regional geology of the Bulkley Porphyry Projects
Magmatic axes in the Skeena ArchRip Cu-Mo Porphyry Project: Historical Drilling
• Explored by Kennco (1975-1981)
• Small outcrop area of strong porphyry veining within
largely covered area
Diamond
drill hole • Composite samples from percussion drill holes
outlined a 2.2 by 0.6-1.2 km target, with strongly
anomalous Cu and Mo (up to 0.72% Cu and 0.61%
Mo)
Porphyry
outcrop • PDH cuttings indicate zones of intense quartz
stockwork
• One diamond drill hole (A75-1) intersected
anomalous Cu (0.07%) and Mo (0.005%) over 74m
in strongly QSP altered volcanic rocks cut by late
feldspar porphyry and mineralized quartz diorite
dykes. The bottom 64 m consists of intrusive clast-
Limit of QSP
rich polymictic breccia cut by abundant pyrite,
alteration
gypsum and quartz veins with local secondary biotite
• QSP replacement is accompanied by strong pyrite,
quartz veining and late gypsum and chlorite veins.
• QSP altered quartz diorite dykes are intensely
fractured and healed with py/cp and quartz/feldspar
Cu and Mo values from percussion drill hole composite samples
veins.Rip Cu-Mo Porphyry Project: Alteration and IP
IP
Limit of
QSP= Porphyry
Porphyry
outcropoutcrop
Chargeability
high
Limit of QSP
alteration
Potassic altered porphyry with early magnetite-
Alteration from percussion drill logs, extent of strong QSP biotite veins cut by quartz-chalcopyrite-molybdenite
alteration, and chargeability high veins.Rip Cu-Mo Porphyry Project: Stockwork Zone
QSP altered porphyry with quartz-sulfide veins
Hornfels with quartz-sulfide stockwork
Hornfels with patchy/vein biotite-magnetite-
sulfides Intense stockwork to sheeted quartz-sulfide veining in trenchTets Cu-Ag-Zn Project
Volcanic
Sediments and center
tuffs
Cu-Ag Zn Zone
Zone
Sediments and
tuffs
Tets Cu-Ag-Zn prospect – location of trenches, Winkie drill
holes and mineralized zones
No modern geophysical exploration or drilling has
been carried out on the prospectRox Au-Ag Project
Discovery
Zone
Central Competitor
Zone claim
Rox prospect drill holes and chargeability plan (100m depth
slice, ms scale)Huckleberry North Cu-Mo Porphyry Project
RGS 98% Cu anomaly, 99% Mo anomaly
Target
OPEN
OPEN
Rock sample
polymictic breccia
2.23% Cu
Huckleberry
Cu-Mo Mine
Huckleberry North Cu-Mo Porphyry ProjectHuckleberry North: Comb Creek Zn-Pb-Cu-Au-Ag-Mo Prospect
Comb Creek
Location of Comb Huckleberry North
Creek anomaly with
respect to regional
faults, porphyries
and Whiting Creek
pluton
Comb Creek Soil Anomalies and Known Showings
Sample assays from AR 16017Canada - U.S.A. Exploration Opportunities • ArcWest has a pipeline of exploration stage porphyry copper- gold and epithermal gold-silver projects for potential acquisition throughout western Canada and the USA • Site visits for multiple projects have been completed • Multiple pipeline projects come with robust exploration databases. Several projects contain shallow historic drill holes with significant intercepts that represent immediate targets for follow- up drilling
Stock Information and Company Performance Timeline
• 82,036,150 shares outstanding
TSXV: AWX • 24% held by AWX Management and
Millrock Resources
August 2020 private placement:
19% 12%
ArcWest • $1,935,000 @ $0.10
12% Management
• Lead order filled by Eric Sprott
Millrock Resources
23% • Continued support from Haywood
$0.10 Placement Securities and Red Plug Capital
34% (2018)
Cash Position: Approx. $2.5 million
$0.10 Placement
(2020) Partner Equity: Approx. $520,000
September 2019 2020
2018
• Sojourn Exploration • Rebrand to ArcWest Exploration Inc. • Signed Todd Creek project earn-in
Inc. acquires • Signed Teeta Creek project earn-in agreement with Central Timmins
properties and current Exploration Corp. (now P2 Gold Inc.)
agreement with Teck
management • Closed $1.925M private placement
• Signed NVI project earn-in with lead order from Eric Sprott
• Closes $2.8M private agreement with Teck
placement • Signed Eagle project earn-in
• Signed Oxide Peak project earn-in agreement with Wedgemount
• Completes initial
agreement with Locrian Resources Resources Corp.
fieldwork in Golden
Inc. (now TDG Gold Corp.)
Triangle
www.arcwestexploration.comExperienced Project Generators • The ArcWest team is a dynamic, technically oriented management group guided by industry veterans with a successful history of project generation and discovery leading to mine development • Our award-winning technical group combines a deep geological knowledge base with a solid track record of exploration and discovery including multi-million ounce gold deposits in Peru, B.C. and Ontario, and world class copper and PGE-nickel-copper deposits in Africa MANAGEMENT Tyler Ruks, MSc, PhD – President & CEO Nigel Luckman, BASc, PGeo – Chief Operating Officer Jeff Kyba, BSc, PGeo – Vice President, Exploration John Meekison, CPA, CMA – Chief Financial Officer BOARD OF DIRECTORS TECHNICAL ADVISORY BOARD Greg Beischer John Meekison John Bradford Joel Dumaresq Tyler Ruks David Broughton Tony Barresi Nigel Luckman
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