Copper Exploration in Yukon and BC - Q3 2021 - Newsfile Corp.
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Copper Exploration in Yukon and BC
Q3 2021
Disclaimer
Important Disclaimer
This corporate presentation (Presentation) has been prepared by CAVU mining Corp. (CAVU) based on information available to it from them and third party sources. By retaining this Presentation, you (the Recipient) acknowledge and represent to
CAVU that you have read, understood and accepted the terms of this Important Notice. If you do not accept these terms, you should immediately destroy or delete this Presentation.
This Presentation does not purport to contain all the information that a prospective investor may require in connection with any potential investment in CAVU. You should not treat the contents of this Presentation, or any information provided in
connection with it, as financial advice, financial product advice or advice relating to legal, taxation or investment matters.
No representation or warranty is made by CAVU or any of its advisers, agents or employees as to the accuracy, completeness or reasonableness of the information in this Presentation or provided in connection with it. No information contained in
this Presentation or any other written or oral communication in connection with it is, or shall be relied upon as, a promise or representation and no representation or warranty is made as to the accuracy or attainability of any estimates, forecasts or
projections set out in this Presentation. No liability will attach to CAVU, with respect to any such information, estimates, forecasts or projections.
CAVU does not accept responsibility or liability for any loss or damage suffered or incurred by you or any other person or entity however caused (including, without limitation, negligence) relating in any way to this Presentation including, without
limitation, the information contained in or provided in connection with it, any errors or omissions from it however caused (including without limitation, where caused by third parties), lack of accuracy, completeness, currency or reliability or you, or
any other person or entity, placing any reliance on this Presentation, its accuracy, completeness, currency or reliability. CAVU does not accept any responsibility to inform you of any matter arising or coming to CAVU’s notice after the date of this
Presentation which may affect any matter referred to in this Presentation.
Any liability of CAVU, their advisers, agents and employees to you or to any other person or entity arising out of this Presentation in any corresponding provision of any province, state, or territory legislation, or similar provision under any applicable
law is, to the maximum extent permitted by law, expressly disclaimed and excluded. The distribution of this Presentation may be restricted by law in certain jurisdictions. Recipients and any other persons who come into possession of this
Presentation must inform themselves about, and observe any such restrictions.
Forward Looking Statement
This Presentation contains reference to certain intentions, expectations, future plans, strategy and prospects of CAVU. Those intentions, expectations, future plans, strategy and prospects may or may not be achieved. They are based on certain
assumptions, which may not be met or on which views may differ and may be affected by known and unknown risks.
The performance and operations of CAVU may be influenced by a number of factors, many of which are outside the control of CAVU. No representation or warranty, express or implied, is made by CAVU, or any of its directors, officers, employees,
advisers or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved.
Given the risks and uncertainties that may cause CAVU’s actual future results, performance or achievements to be materially different from those expected, planned or intended, Recipients should not place undue reliance on these intentions,
expectations, future, strategy and prospects. CAVU does not warrant or represent that the actual results, performance or achievements will be as expected, planned or intended.
Qualified Person
Mr. Jeremy Hanson, P.Geo. is an independent qualified person, as defined by NI 43-101. Mr. Hanson has reviewed the technical content of this Presentation and consents to the information provided in the form and context in which it appears.
Q1 2021 PAGE 2
Overview
Underexplored + Excellent Strong Structure +
High Value Targets Infrastructure Management
CAVU discovered a new porphyry at the Both projects are road accessible and
Bolstered by an effective team of capital
Hopper Project in Yukon. The project close to existing infrastructure such as
markets professionals, CAVU’s technical
also contains high-grade drill-proven road and power.
team has intimate experience identifying
skarn mineralization over 1350m x
and exploring for copper in BC and
650m. Exploration is conducted efficient and
Yukon. CAVU has been structured to
cost-effectively with minimal use of
provide an attractive valuation amongst
The Kitimat Project contains two aircraft.
its peers.
intrusion-related targets with high grade
copper-gold mineralization at surface.
*in J-2010-7 Mineralization encountered from 21.34 to 126.22m, Data was verified by using a select interval of core and is presented in the Kitmat 43-101 report filed on
Sedar.
Q1 2021 PAGE 3
Yukon Copper Potential
The Hopper Pluton is a large Late Cretaceous intrusion of 78
Ma with both Skarn and porphyry mineralization
The most important metallogenic episode for intrusion related
deposits in Yukon is the Late Cretaceous at 78 – 74 Ma
Majors have taken interest in the region:
Rio Tinto recently invested 25M in the Casino
porphyry deposit with reserves of 8.9Moz Au and
4.5Blbs Cu1,
Newmont (11.8%) and Zijin (9.8%)2 are part
owners of the Revenue + Nucleus: porphyry
deposits with 791 koz Au and 75 Mlbs Cu
indicated resource1
Klaza: epithermal deposit with 686 koz Au, 14.1
Moz Ag, 73 klbs Pb and 92 klbs Zn1
1Deposits on other claims are not and indicator that a deposit may be developed within CAVU’s claim boundaries. The Hopper Project is an exploration stage project. 2%Ownership based on TIG corporate presentation May 2021. Figure modified from S. Israel, 2017.,
Q1 2021 PAGE 4
Hopper: Highlights
Location: Southern Yukon, 20km north of Otter
Falls hydroelectric generator, 320km from deep sea
port of Haines, Alaska, 120km northwest of
Whitehorse
Metal endowment: Proven gold and copper in
skarn over 1350 x 650m open for expansion and a
newly discovered porphyry system
Size: Single continuous claim block of 74 km2
Access: Road accessible and permitted for road and
trail building
Ownership: CAVU Mining Corp. has entered into an
option for 70% interest with Strategic Metals Ltd.
(SMD), a renowned Yukon project generator
Q1 2021 PAGE 6
Porphyry and Skarn
Porphyry discovery
2021 drilling intersected the low-grade
altered margin of a mineralized porphyry
Drilling proves existence of a mineralized
porphyry
Copper Castle
Skarn mineralization over 1350m strike
length
Eight horizons identified, less than 400m
deep
Gold, silver and copper rich horizons
Potential for volume
Open to the south, west, east and at
depth
Q1 2021
Copper Castle Drilling Intersects
2021 Drilling
Collar Length (m) From Cu (%) Au (g/t) Ag (g/t)
HOP21-DDH-01 22.28 55.44 1.405 0.532 3.4
HOP21-DDH-02 9.39 70.00 0.622 0.197 4.2
HOP21-DDH-03 10.96 77.00 1.365 0.488 1.76
HOP21-DDH-04 6.62 234.86 0.589 0.535 4.3
Chalcopyrite, pyrrhotite, magnetite skarn in
HOP21-DDH-05 11.86 25.14 0.476 0.351 1.6 HOP21-DDH-01
Chalcopyrite, magnetite, carbonate skarn in
HOP21-DDH-02
*Full drill results are available in the Company News releases dated September 27 and October 4, 2021.
Q1 2021
Copper Castle Recovery
Excellent metal recovery
Preliminary metallurgical study indicates good
recovery of both copper and gold from skarn
horizons
Copper recovery: 81%, gold recovery: 45%
without cyanidation. Including cyanidation
increases gold recovery to 76%
Copper recoveries increase at lower concentrate
grade to an 86% recovery at 25% copper
concentrate
Magnetite as potential by-product
Magnetite skarn common, with the right
separation tools magnetite may also be
recoverable at a concentrate of 60 – 65% Fe
Q1 2021
Copper Castle Expansion
Copper Castle open along strike and to depth
2021 extension 2021 drilling by CAVU proved southward
extension of high-grade copper skarn
Potential
for 1700m Based on geochemical, geological and
strike geophysical data the skarn can be further
Fig from Luke here extended southwards by another 300 to 400m
Potential for mineralization over 1700 x 1100m
Mineralized horizons have been tested to 400m
depth, deeper horizons are possible
Untested skarn targets to north and south
Several untested skarn targets exist to the north
of the Hopper intrusion and further to the south
Target zones are of similar size to Copper Castle
Q1 2021
Skarn Exploration Potential
Priority Target 1 Untested skarn targets to north and south
Several untested skarn targets exist to the north
of the Hopper intrusion and further to the south
Targets interpreted from a property wide EM
Copper Castle survey.
The survey successfully indicated the targeted
Copper Castle Extension.
Priority Target 2
Additional target zones are of similar size to
Copper Castle
Priority target 1 is mineralized as has been
confirmed by rock and soil geochemistry
Priority target 2 is a geophysical target with
similarities to Copper Castle
Q1 2021Cu-Mo Porphyry
Porphyry potential
2021 drilling intersected the low-grade
altered margin of a mineralized porphyry
Drilling proves existence of a mineralized
porphyry
Three datasets tested
Drill hole HOP21-DDH-01 tested
magnetic, IP and soil data
Magnetic and soil data targets porphyry
mineralization effectively
Total soil anomaly over high-mag target
area is approximately 1450m x 1450m
Clear future targeting strategy
Q1 2021Porphyry Targeting
HOP21-DDH-06 Porphyry style mineralization
From Length Au Ag Cu Mo CuEq2 Hole HOP21-DDH-06, CAVU’s first hole in the porphyry
(m) (m)1 (g/t) (g/t) (%) (ppm) (%)
target intersected
0.00 116.18 0.024 1.3 0.209 48 0.24
0.00 90.22 0.026 1.4 0.244 57 0.27 116.18m at 0.24% CuEq from surface
0.00 2.501 0.024 8.8 1.448 62 1.54 including 90.22m at 0.27% CuEq from surface, and
16.50 19.89 0.043 1.1 0.272 43 0.31 13.69m at 0.44% CuEq.
69.98 13.69 0.032 2.6 0.400 209 0.44
Classic vectors to a high-grade core
178.23 8.77 0.012 2.9 0.315 27 0.35 Propylytic alteration with minor vein-controlled potassic
185.36 1.64 0.019 13.3 1.594 69 1.72 alteration indicates CAVU found the margin of a
mineralized porphyry
233.35 7.65 0.033 1.8 0.228 130 0.26
233.35 1.65 0.048 5.3 0.782 378 0.86 Chalcopyrite mineralization overprinting mafic minerals
Vein-controlled molybdenite
Follow-up drilling to intersect the porphyry core planned
2022
1Grades were recalculated to adjust for 70cm of total recovery. The remainder of the interval was assumed to be barren. See full news release dated for October 7th on cavumining.com/news
Q1 2021Zero Time Wasted
From acquisition to drilling in 4 months
Mineralization encountered in every hole
No twinning of historic holes
July FT financing August
February CSE March Hopper September-
March Financing and Start of Drill Completion of
listing Property Option October Results
Program drilling
• Oversubscribed • Data review • Oversubscribed FT • 815m in 5 holes in • Results include 22.28
private placement • First Nations private placement for Copper Castle at 1.84% CuEq in
financing for consultation $513,600 • 302m in 1 hole in Copper Castle
$610,000 • Drill targeting Porphyry target
Q1 2021Committed to stakeholder interests
Hopper is located in Champagne and Aishihik First
Nations traditional territory.
Progressive and mining-friendly First Nation
Dedicated to resource sharing
Exploration benefit agreement between CAFN and
Strategic metals assumed by CAVU upon signing of
option deal
2021 Exploration:
Over 10% of exploration budget to First Nation run
companies
Consultation prior to exploration
Champagne and Aishihik traditional settlement land
used for 2021 camp under a Traditional Activities
Protection Act (TAPA) permit
Q1 2021Kitimat & BC Copper Potential
Location: 20km NW of Kitimat, close to power, road, rail and deep-
water port
Size: Single continuous claim block of 30.6 km2
Access: Road & quad trail
Ownership: CAVU Mining Corp. has entered into an option for 100%
interest with Pacific Empire Minerals Corp., a copper project
generator.
NSR: 2%, 1% buyback agreement for $1,000,000
Stikinia Terrane: prospective for world-class copper deposits: Red
Chris, Brucejack, Eskay, KSM, Galore Creek and Kemess1
Pro-mining jurisdiction: British Columbia produces over half of all
Canadian copper2
1Copper deposits outside the Company’s claim boundaries do not indicate a copper deposit will ever be delineated within the Company’s claim boundaries. The Kitimat Property is an exploration
project. 22018 production, source: Natural Resources Canada. *Figure from Barresi et al., 2015, Canadian Journal of Earth Sciences.
Q1 2021 PAGE 4Kitimat: Jeanette Target
Focus of historic drilling
Significant intercepts:
4% Cu, 24.1 g/t Au, 13.1 g/t Ag in silicified and sericitized volcanic rocks2
94.06m @0.52% Cu and 1.12 g/t Au in J-2010-1 from
18.75 to 112.80m1
105.85m @0.60% Cu and 1.15 g/t Au in J-2010-7 from
21.34 to 126.22m1
Drilling along structures and mineralized zone
Redrilling by other operators with limited success: zone is not true
width and should be drilled from a different angle
Jeannette target is on the edge of a mag-low interpreted as a
porphyry signature by PEMC
Soil geochemistry of limited use thanks to variable overburden
thickness
CAVU FOCUS: Geophysics and Target definition followed by drilling
1Selected intervals from J-2010-7 were used for 43-101 data verification and are available in the Company 43-101 technical report filed on SEDAR, December 2020. Assay results from Hole J-2010-1 are
historical in nature. 2Hole J-2010-7: from 77.8 - 77.1m, 43-101 Data verification on historic core. Image from Caveman Exploration 2021. Lower figure by R. Ritchie, P. Geo., 2016. Soil data in figure is
historical in nature.
Q1 2021 PAGE 10Management
Dr. Jacob (Jaap) Verbaas, P. Geo. Alex McAulay, CPA, CA David Goertz, CPA, CA Danny Matthews, JD
CEO, Director CFO Director Director
Dr. Verbaas is an exploration geologist Mr. McAulay is an entrepreneur and Mr. Goertz is a partner with Dale Mr. Matthews is a corporate lawyer
with an MSc. from Utrecht University experienced public company CFO and Matheson Carr-Hilton Labonte, LLP., with extensive securities and
and a PhD from Simon Fraser director. Mr. McAulay’s firm, ACM Chartered Professional Accountants. corporate finance experience. Mr.
University. His strengths are regional Management Inc., provides fractional David Goertz graduated from the Matthews is a legal consultant to
targeting as well as combining novel CFO and regulatory guidance to University of Victoria with Bachelor of various Canadian publicly listed
technologies with traditional methods assist public companies. Alex has Commerce degree and has been a companies in the mining, life sciences
to further project-scale exploration served as the CFO of several listed Chartered professional accountant for and technology sectors. He holds a
strategies. He has exploration companies and has assisted dozens more than 14 years and has been Juris Doctor and Bachelor of Science
experience in Australia, Northern
of issuers in navigating the public with Vancouver based Dale Matheson from the University of Western
Africa, and Canada. He has been
markets. Carr-Hilton Labonte LLP Chartered Ontario and is a member of the Law
involved with Canadian public
Professional Accountants since 2005, Society of British Columbia.
exploration companies through his
becoming partner in the firm in 2011.
roles as COO of Flow Metals
(CSE:FWM), and the VP Exploration of
Go Metals (CSE:GOCO). Dr. Verbaas is
a registered Professional Geologist with
EGBC.
Q1 2021 PAGE 12-- Dr. Jacob (Jaap) Verbaas, P.Geo. Chief Executive Officer CAVU Mining Corp. 1050 - 400 Burrard St. Vancouver, V6C 3A6 604 493 2997
Senior leadership & advisory board
Dr. Luke Bickerton Allen Edzerza
VP Exploration Advisory board member
Dr. Bickerton is a geoscientist with over 10 years experience in Mr. Edzerza has broad experience negotiating with and for First
regional mapping, mineral deposit research, and exploration for both Nations, both federal and provincial governments and industry across
base- and precious-metals in Canada and internationally. He has Canada and is a proud member of the Tahltan First Nation. Through
extensive experience in deposit and regional scale structural analysis, his company Volta Solutions, brings important expertise to the
hydrothermal and isotopic geochemistry, and developing greenfield to company. Mr. Edzerza has negotiated agreements between industry,
brownfield exploration projects. Dr. Bickerton has experience in a first nations, the provincial governments of BC and Yukon, and the
range of deposit styles and obtained a B.Sc. (Hons) in Earth Sciences government of Canada. His insight and networks with First Nations
from St. Francis Xavier University in 2011, a M.Sc. in Geology from across Canada will be beneficial to CAVU's future exploration
Simon Fraser University in 2013, and a Ph.D. in Precambrian Geology programs, First Nations engagements, and future acquisitions.
and Mineral Deposits from the Harquail School of Earth Sciences at
Laurentian University in 2021.
Q1 2021 PAGE 13Share Structure
Shares Issued and Outstanding: 21,008,834
Warrants: 10,766,500
Options 1,590,000
Fully Diluted: 33,365,334
As of September 30, 2021
Q1 2021 PAGE 14CONTACT Dr. Jacob (Jaap) Verbaas, P. Geo. President/CEO 604 493 2997 jverbaas@cavumining.com www.cavumining.com
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