Benchmark Metals Inc. · 2019. 6. 7. · Benchmark Metals acquired the Lawyers Project in June 2018...
Transcript of Benchmark Metals Inc. · 2019. 6. 7. · Benchmark Metals acquired the Lawyers Project in June 2018...
BENCHMARKMETALS.COMTSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X JUNE 2019
B E N C H M A R K M E T A L S . C O MTSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X 2
DISCLAIMER
Forward Looking Statements:
Certain statements and/or graphics in the Company’s press releases, web site information and corporate displays, among others, constitute “forward-looking statements”. These
statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management’s expectations. Forward-
looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management
expects a stated condition or result to occur. Forward-looking statements may be identified by terms such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”,
“will”, or “plan”, or their conditional or future forms. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they
involve inherent risks and uncertainties.
Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company’s mineral properties, and the Company’s
financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and
conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive
developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this presentation. This list is not
exhaustive of the factors that may affect any of the Company’s forward-looking statements. These and other factors should be considered carefully and readers should not place
undue reliance on the Company’s forward-looking statements. The Company does not undertake to update any forward looking statement that may be made from time to time by the
Company or on its behalf, except if required to do so by applicable securities laws. You are cautioned not to place any undue reliance on any forward-looking statement.
Forward Looking Statements or Information Related to Exploration:
Relating to exploration, the identification of exploration targets and any implied future investigation of such targets on the basis of specific geological, geochemical and geophysical
evidence or trends are future-looking and subject to a variety of possible outcomes which may or may not include the discovery, or extension, or termination of mineralization. Further,
areas around known mineralized intersections or surface showings may be marked by wording such as “open”, “untested”, “possible extension” or “exploration potential” or by
symbols such as “?”. Such wording or symbols should not be construed as a certainty that mineralization continues or that the character of mineralization (e.g. grade or thickness) will
remain consistent from a known and measured data point. The key risks related to exploration in general are that chances of identifying economical reserves are extremely small.
The presentation contains historical exploration data that have not been verified by Benchmark Metals Inc. and may not be accurate or complete, and therefore the information should
not be relied upon.
Michael Dufresne, M.Sc., P.Geol., P.Geo., an independent director of the Company, also serves as a Technical Advisor and is the Qualified Person, as defined by National Instrument
43-101, responsible for reviewing and approving the technical content of all materials publicly disclosed by Benchmark, including the contents of this website.
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BENCHMARK METALS
TARGETING 5+ M/OZ GOLD EQUIVALENT AT ITS LAWYERS PROJECT, BRITISH COLUMBIA, CANADA
▪ Focused on proving and developing the substantial resource potential of the Lawyer’s gold and silver project
▪ Past producer with ~$50 million in existing infrastructure within a proven and profitable mining jurisdiction
▪ Near surface epithermal Au-Ag system with possible link to deeper porphyry system▪ New high-grade drill intercepts within a larger bulk tonnage system
▪ 2.4 m at 87g/t gold & 2,407g/t silver▪ 33.53 m at 5.76g/t gold & 128.65g/t silver
▪ Additional discovery targets identified along a 20+ km gold and silver trend
▪ 2019 Objectives▪ 30,000+ m drill program focused on infill, step-out, and deeper drilling to expand
the current resource▪ Drill testing new geophysical and geochemical targets on the Lawyer’s Trend▪ 3500 soil samples, 1000 rock samples, mapping, ground geophysics
LAWYERS
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CORPORATE SNAPSHOT AND COMPARABLES
COMPARABLE COMPANIES IN BRIT ISH COLUMBIA
Benchmark Market Cap Drivers
▪ Gold & Silver drill results
▪ Resource expansion
▪ New discoveries
▪ Land acquisitions
▪ Value opportunity with results
Market Capitalization levels at June 05, 2019
SHARE PRICE – TSX.V:BNCH
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SHARE STRUCTURE JUNE 5, 2019
Current shares outstanding & market cap @ $0.335 51.3 M $17.1 M
Estimated working capital $2.5 M
In the money warrants* 18 M $4.0 M
In the money options 3.4 M $0.6 M
In the money diluted working capital $4.6 M
In the money diluted shares & market cap @ $0.335 72.7 M $24.3 M
Fully diluted working capital $7.1 M
Fully Diluted Shares and Market Capitalization @$0.335 73.9M $24.8M
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EXPERIENCED TEAM – MANAGEMENT & DIRECTORS
John Williamson, P.Geol – CEO & Chairman+25 years mining sector, founder of more than 20 successful companies in Canada and around the globe
Jim Greig, MBA – President & Director+20 years mining sector, formerly Keegan Resources Ltd, exploration to production expertise
Sean Mager – CFO & Director+20 years mining sector, former CFO & COO at Brilliant Resources Ltd., regulatory & financial expertise
Jeremy Yaseniuk – Corporate Development+20 years in financial markets, Director at Altiplano Minerals Ltd, marketing & financial expertise
Toby Pierce, MBA – Director+20 years senior executive with public resource companies, former Banker at GMP Securities London
Michael Dufresne, M.SC., P.Geol., P.Geo. – Director+30 years mining sector, professional geologist at world-class mining projects and jurisdictions
Ewan Webster, Ph.D., – Senior GeologistExploration geologist with a comprehensive field, technical, and academic background
World Class Team▪ Collectively over 100 years of mining experience▪ Management of over 25 public mining companies delivering shareholder value through good and bad markets▪ Raised in excess of $400 million towards exploration, development, & production projects globally▪ Success through the discovery, development, and production cycles
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LAWYERS
LOCATED IN THE PROLIFIC ‘GOLDEN HORSESHOE’
Lawyers project is located within the northeastern region of the prolific metal-endowed Stikine terrane. Magmatic events in Stikinia during the Late Triassic and Early Jurassic are the driving source for the development of mineralizing porphyry and epithermal systems. On both the east and west sides of the Bowser Basin the same magmatic and mineralizing events are recognized, forming an arch of gold and polymetallic mineralization; known herein as the
‘Golden Horseshoe’
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LOCATED IN A PROLIFIC MINING JURASDICTION
CENTERRA GOLD KEMESS PROJECT
METS
MCCLAIR CREEK
SHASTA
BAKER
LAWYERS
▪ World-class geological setting
▪ 120 km2 land package
▪ Past producer
▪ Mining friendly, low-risk jurisdiction
▪ Only 45 km to Kemess
LAWYERS GOLD AND SILVER PROJECT
ROUND MOUNTAIN
ARCTICSILVER POND
E-GRID
CLIFF CREEK
ABG
DUKES RIDGEPHEONIX
MARMOT
The Lawyers property spans an important unconformity between the Triassic Stuhiniand Jurassic Hazelton Group.
This stratigraphic horizon is an important marker, with many of the deposits in the Golden Horseshoe concentrated along it, including Brucejack, KSM, Baker-Shasta and Dolly Varden.
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THE LAWYERS PROJECT
▪ Benchmark Metals acquired the Lawyers Project in June 2018
▪ 99km2 gold & silver land package with existing mine infrastructure
▪ Historic past producer of 171,000 oz gold & 3.7 million oz silver*
▪ Existing infrastructure estimated @ $50 million
▪ Proven & profitable mining jurisdiction
▪ 45km Northwest of the Kemess Gold Copper Mine
▪ 11km from existing & permitted Baker Mill
▪ Road access with year-round exploration potential
Cliff Creek Mine Portal, 2011
Cheni (Lawyers) Gold & Silver Mine, 1989
* Source: Benchmark NI43-101 Report, SEDAR, Benchmarkmetals.com
▪ 5 M/oz gold & 20 M/oz silver exploration target
▪ Previous mining and exploration focused on high-grade veins that overlooked the bulk-tonnage mineralization
▪ Resource expansion targets near existing workings and at surface
▪ 90 % of the 120 km2 property is underexplored with multiple,
newly identified, regional exploration targets
PROJECT BACKGROUND
THE OPPORTUNITY
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2018 EXPLORATION PROGRAM HIGHLIGHTS
ACHEIVMENTS TO DATE
▪ Generated a maiden resource and “NI 43-101” compliant technical report
▪ Completed over 4,400 m of follow-up drilling
▪ Resource expansion and new targets delineated by 2018 program:
▪ Drilling▪ High-grade drill intercepts within wider mineralized envelopes
▪ Open at depth - average drill hole under 100m
▪ Resampling of historical drill-holes has generated bulk tonnage drill intercepts
1. Anomalous rock and soil geochemistry
2. Zones of potassic alteration
3. Radiometric geophysics
4. Airborne magnetics
▪ Six new discovery targets extending across the property
▪ All zones open along and across strike and collectively define
the 20+ km gold-silver Lawyers Trend
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THE LAWYERS PROJECT – 2018 RESULTS
High-Grade Results
▪ 3.05m at 52g/t gold & 846g/t silver*
▪ 2.4m at 87g/t gold & 2,407g/t silver*
Bulk-Tonnage Results
▪ 33.53m at 5.76g/t gold & 128.65g/t silver*
▪ 36.5m at 2.68g/t gold & 82.57g/t silver*
▪ 26m at 2.42g/t gold & 100.26g/t silver*
DRILLING FOCUSED ON CLIFF CREEK, DUKES RIDGE, & PHEONIX ZONES
18.43 g/t Gold, 1,129g/t Silver over 1.81m
*Drill holes lengths
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OPEN ZONES AT DEPTH, WIDTH AND ON-STRIKE
Elevated KIMs
Lupin Gold MineSabina Gold Project
HISTORIC AND 2018 DRILLING AT CLIFF CREEK
▪ Numerous historic drill holes were only sampled in localized zones
▪ Certain historic drill holes ended in mineralization
▪ Based on 2018 infill drilling and infill sampling for selected historic holes, there is potential to connect high grade mineralization within a broad mineralized alteration envelope that shows potential as a much larger low grade bulk tonnage target.
▪ Gold and silver mineralization remains open at depth and along strike
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UNDEREXPLORED AMETHYST GOLD BRECCIA ZONE (AGB)
▪ The AGB Zone is a sub-parallel structure adjacent to the Cliff Creek, Dukes Ridge and Phoenix structures within the Lawyers Trend
▪ It was subject to limited historical production, but was never fully mined or explored for gold-silver mineralization
▪ Significant mineralization was intersected by historic drilling outside of the main mined area and the zone remains open in all directions
▪ Recently acquired data, geological compilation and reinterpretation has revealed significant potential to add gold and silver ounces▪ Selected historical high-grade drilling intercepts at the AGB Zone include:
▪ DDH80AS13 intersected 259.76 g/t gold and 3,320.3 g/t silver over 3 metres*▪ DDH82AS10 intersected 12.67 g/t gold and 143.39 g/t silver over 28 metres*▪ DDH82AS25 intersected 86.06 g/t gold and 583.83 g/t silver over 7 metres *
▪ 2018 rock sample results include:▪ 22.20 g/t gold and 80.90 g/t silver▪ 17.70 g/t gold and 61.60 g/t silver▪ 16.15 g/t gold and 107 g/t silver and▪ 7.94 g/t gold and 1265 g/t silver
▪ The AGB Zone will be a high-priority target for the 2019 drill program of up to 30,000 metres
*Drill holes lengths
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2019 - DRILLING FOR EXPANSION AND NEW TARGET AREAS
▪ 2018 drilling has provided a path for resource expansion drilling in 2019
▪ 3+ km Cliff Creek to Phoenix Resource zones contain the current focus for resource expansion within the 20+ km Lawyers Trend
▪ 6 new epithermal targets for drill testing
▪ All zones remain open in all directions
▪ Porphyry targets
▪ Road access with year-round exploration and results potential
▪ 2019 Exploration Plan Objectives▪ 30,000+ m drill program focused on infill, step-out, and deeper drilling to
expand the current resource
▪ Drill testing new geophysical and geochemical targets on the Lawyer’s Trend
▪ 3500 soil samples, 1000 rock samples, mapping, ground geophysics
MOVING FORWARDOPEN ZONES OF GOLD AND SILVER MINERALIZATION BETWEEN RESOURCE BLOCKS
*DRILL HOLES AND RESOURCE TAREGTS ARE PROJECTED ONTO THE LINE OF SECTION
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Completion of 2018/19 exploration program
Compilation + interpretation of 2018/19 results
2019 exploration program financing
Commencement of exploration and drill program focusing on
resource expansion and new discoveries
Results
2019/20 CORPORATE OBJECTIVES
RESOURCE ESTIMATE
15
Head Office10545 45 Avenue NW250 Southridge, Suite 300Edmonton, AlbertaCanada T6H 4M9
Jeremy Yaseniuk, Corporate Development
Jim Greig, President
John Williamson, Chairman & CEO
1.604.773.1467
1.778.788.2745
1.780.437.6624
www.benchmarkmetals.com
The technical content of this document has been reviewed andapproved by Michael Dufresne, M.Sc., P.Geol., P.Geo., a qualifiedperson as defined by National Instrument 43-101.