5 Million OZ GOLD EQUIVALENT - 100% Owned GOLD SILVER PROJECT - January 2020 - Benchmark Metals Inc.
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5 Million OZ
Potential
GOLD EQUIVALENT
100% Owned
GOLD SILVER PROJECT
January 2020
TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
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 inherentrisks 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 presentation. 2 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
About Benchmark Metals
Benchmark Metals Inc. is a mineral exploration company focused on
proving and developing the substantial resource potential of the
Lawyer’s Gold and Silver project, located in the prolific Golden
Horseshoe of northern British Columbia, Canada.
LAWYERS
Benchmark is a member of the Metals Group of Companies, and is led
by a dynamic group of resource sector professionals with a long track
record of success in evaluating and advancing mining projects from
exploration through to production, attracting capital and overcoming
adversity to deliver exceptional shareholder value
3 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
Investment Opportunity
LAWYERS PROJECT
• 100 % owned COMPARABLE EXPLORATION COMPANIES IN CANADA
At Jan 13, 2020
• Located in the prolific Golden Horseshoe
• Developing substantial resource potential 450
• Past producer with ~$50 million in existing infrastructure 400
• Proven and profitable mining jurisdiction 350
MARKET CAPITALIZATION ($ MILLIONS)
300
CATALYSTS FOR GROWTH
• Up to 50,000 metres of drilling 250
• New resource estimate following drilling Benchmark’s current price provides
200
• Fully funded with +$10 million attractive buying opportunity when
150 compared with peers
100
GOLD & SILVER
• Near surface epithermal Au-Ag system 50
• Potential link to deeper porphyry system
0
• High-grade drill intercepts within a larger bulk tonnage system
• 7.0 m at 108 g/t gold & 911 g/t silver*
• 33.53 m at 5.76 g/t gold & 128.65 g/t silver*
• Additional discovery targets identified along a 20+ km trend
4 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X *Assay interval lengths are core length and are estimated to be 80 to 90% of true width
Why Invest in Gold-Silver & Benchmark ?
THE MINE LIFE CYCLE
$10 Start Up
Becomes Tier 1
Confirmed Deposit
Becomes Tier 2
Company MARKET CAP
$8 Company
Reality Sets In THE MANAGEMENT
5 M’S
SHARE PRICE
$6
MONEY
BENCHMARK Production
$4
POSITIONED FOR
Decision FOR PICKING GOLD
GROWTH MINING STOCKS MINERALS
$2
MINE LIFE CYCLE
$0
Discovery Development Production
Speculation Investment Revaluation
1-2 years Analysis 2-3 years
2-3 years
THE WORLDS LARGEST HEDGE
FUND SEES GOLD RISING 30%
TO US$2000
5 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
Corporate Snapshot
SHARE PRICE – TSX.V: BNCH
Internal Drivers Positive External Drivers
Gold & Silver
Growing demand for
drill results precious metals
Resource
expansion
Start of a new
bull market
New
discoveries SHARE STRUCTURE JAN 8, 2020
Current shares outstanding & Market Cap @ $0.46 110.6 M $50.88 M
Working Capital $10.34 M
Land Increased capital
investments In the money Warrants 19.3 M $6.12 M
acquisitions
In the money Options 3.7 M $0.85 M
In the money Diluted Working Capital $17.31 M
Resurgence in Junior In the money Diluted Shares & Market Cap @ $0.46 133.5 M $61.41 M
Fully diluted Working Capital $20.76M
Mining Investment Fully Diluted Shares and Market Cap @ $0.46 141.1 M $64.91 M
6 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
World Class Team Management & Directors
Collectively over +150 years of John Williamson, P.Geol – CEO & Chairman
+30 years mining sector, founder of more than 20 successful companies in Canada and around the globe
mining experience
Jim Greig, MBA – President & Director
Management of over 25 public +20 years mining sector, formerly Keegan Resources Ltd, exploration to production expertise
mining companies delivering
shareholder value Sean Mager – CFO & Director
+20 years mining sector, former CFO & COO at Brilliant Resources Ltd., regulatory & financial expertise
Raised in excess of $400 million Jeremy Yaseniuk – Corporate Development
towards exploration, +20 years in financial markets, Director at Altiplano Minerals Ltd, marketing & financial expertise
development & production
projects globally Toby Pierce, MBA – Director
+20 years senior executive with public resource companies, former Banker at GMP Securities London
Success through discovery, Michael Dufresne, M.SC., P.Geol., P.Geo. – Director & Qualified Person
development and production +30 years mining sector, professional geologist at world-class mining projects and jurisdictions
cycles
Ewan Webster, Ph.D., P.Geo. – Senior Geologist
Exploration geologist with a comprehensive field, technical, and academic background
7 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
The Lawyer’s Project Fast Track To Production
Historic past producer of
171,000 oz gold & 3.7 million oz
silver*
Road access with year-round
exploration potential
11km from existing & permitted
Baker Mill
45km NW of Kemess Gold
Copper Mine
Proven & profitable mining
jurisdiction
Existing infrastructure estimated
@ $50 million
8 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X **Source: Benchmark NI43-101 Report, SEDAR,
Located in British Columbia’s 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’ 9 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
The Geological Model – Low Sulphidation Epithermal System
Generalized cross section of the Toodoggone district
Stratigraphy - The Lawyers property is predominantly underlain by a
shallow northwest-dipping sequence of volcanic and sedimentary rocks of
the Lower Jurassic Toodoggone Formation.
Structure - NW-NNW trending fault and fracture system that is likely
reflecting the original volcanic basin geometry, and these structures acted as
a conduit for fluids to migrate and precipitate metals.
Alteration - With proximity to mineralized zones, a range of different
alteration assemblages are recognized, from distal to proximal:
• Propylitic – epidote, chlorite, albite
• Hematite – pervasive alteration and replacement of mafic minerals
• Argillic – kaolinite, smectite, illite, sericite
• Advanced Argillic – pyrophyllite, dickite, alunite
• Phyllic (QSP) – quartz-sericite-pyrite alteration
• Silicic – microcrystalline quartz, silica flooding
• Potassic – fine-grained potassium feldspar as adularia ± sericite
Mineralization – Mineralization occurs in two discrete styles:
1. Broad zones of multiphase hydrothermal breccias composed of multi-
generational chalcedony and quartz-hematite veining. The mineralized
veins contain abundant fine to -medium grained sulphides (acanthite,
sulfosalts, chalcopyrite, and pyrite) and native gold, silver, and electrum.
2. Phoenix-style mineralization is hosted within discrete quartz veins
measuring approximately 1-4 metres wide. The veins contain semi-
massive sulphides, including acanthite, sulfosalts, chalcopyrite,
pyrite and native silver.
10 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2XLarge Resource Expansion Areas with New Discovery Potential
Round
Mountain
Round Mountain
RESOURCE
EXPANSION
Gold-Silver Zones Over
5 Million oz Gold-Silver Exploration Target
ZONE
Radiometric Geophysics Resource Expansion
Silver Zones 90% of the 127 km2 property is underexplored
Silver Pond
Pond
AGB Inaugural Drilling in • Six resource expansion zones
Artic AGB 2020
Artic
Cliff Creek • Two new discovery zones for 2020 drill testing
Early Stage Exploration
Cliff Creek Dukes Ridge
Targets • Six early stage exploration targets
Cliff Creek South Dukes Ridge
Phoenix
Phoenix Phoenix East
Previous mining overlooked the bulk-tonnage mineralization
E-Grid
Marmot • High-grade drill intercepts within wider mineralized envelopes
E-Grid
Marmot • Open at depth - average drill hole under 100m
Marmot East
6 Resource expansion targets near existing workings at surface defined by:
• Drilling
• Anomalous rock and soil geochemistry
Black Lake
Silicon • Zones of potassic alteration
Valley • Radiometric geophysics
• Airborne magnetics
11 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2XDiscovery & Growth 6 Zones for Resource Expansion & Definition
DRILL COLLAR
• Following the 2019 drilling program
Benchmark has defined six discrete
mineralized zones that will be the focus
of resource definition and expansion AGB
drilling in 2020
• The 2019 program included 47
diamond drill holes totaling over 10,750 CLIFF CREEK
metres
• Intervals of intense alteration, RESOURCE EXPANSION AREA
multiphase veining and mineralization DRILLING ON GROUND
DUKE’S RIDGE MAGNETICS
intersected in 95% of 2019 drill holes
• Of the 6 zones only 3 have seen limited
PHOENIX
historic production
CLIFF CREEK SOUTH
PHOENIX EAST
• In 2020 up to 50,000 m of expansion
and definition drilling will target all of
these zones *Drill core-lengths
12 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2XSummary Cliff Creek Zone
• The Cliff Creek Zone extends for over
** ENE
1.2 km along strike and 250 metres WSW
vertical depth and remains open
• Broad parallel zones of bulk-tonnage
mineralization and high-grade **
mineralization hosted in the hanging-
wall of steeply northwest dipping faults
• Drilling highlights:
• 2.68 g/t Au, 82.57 g/t Ag or 3.71 g/t AuEq
across 36.50 metres core length
• 87.00 g/t Au, 2407.0 g/t Ag or 117.01 g/t
AuEq across 2.4 metres core length
• New zones are being discovered
within 50 metres of historical
underground workings and drilling
**Drill core-lengths
13 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2XSummary Dukes Ridge and Phoenix Zones
• The Duke's Ridge & Phoenix mineralization
corridor extends for over 350 metres along
strike and 250 metres vertical depth and **
remains open in both directions.
• Delineated by surface soil and rock sample **
results, potassic alteration, radiometric
geophysics, and drilling.
• Drilling results include both bonanza grade and
bulk-tonnage styles of mineralization including:
• 5.76 g/t Au, 128.65 g/t Ag or 7.35 g/t
AuEq across 33.53 metres core length,
• 132.5 g/t Au, 8,560 g/t Ag , or 239.5 g/t
AuEq over 0.9 metres core length within a
broader interval of 46.9 g/t Au, 3,055.6
g/t Ag, or 85.01 g/t AuEq over 2.87
metres core length
• The Duke's Ridge area was never mined and
**
represents an area for resource growth that has
mineralization at surface. **Drill core-lengths
14 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2XSummary Amethyst Gold Breccia Zone
• The AGB zone extends for over 400 metres
along strike and 170 metres vertical depth
and remains open in both directions
• Mineralization at surface:
• Channel sample yielded 27.03
metres of 5.13 g/t gold and 20.79
g/t silver
• Grab samples returned 16.15 g/t
gold and 107.00 g/t silver, 22.20
g/t gold and 80.90 g/t silver
• Select drill highlights:
• 5.53 g/t Au, 23.66 g/t Ag, or 5.83 **
g/t AuEq over 13.7 metres core
length
• 5.17 g/t Au, 57.06 g/t Ag, or 5.88
g/t AuEq over 14.0 metres core
length
• AGB had limited production but was
never fully mined or explored
*The potential quantity and grade stated above constitutes a historical estimate, parts of which have been mined, and is not to be relied upon. A qualified person has not completed
sufficient work to classify the historical estimate as current mineral resources or mineral reserves, and therefore Benchmark is not treating the historical estimate as current mineral
resources or mineral reserves. **Drill core-lengths
15 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X2020 CORPORATE OBJECTIVES
2020
Q1 2020 Q2 2020 Q3 2020 Q4 2020
Defining 50,000 metre Commence 10,000m Commence 40,000m
drill program between Interpretation and
phase one RC drill phase two RC and
six resource zones resource Estimation
program diamond drill program
*Quarters are calendar year
16 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2XComparable World Class Deposits & Geology
Lawyers Project similarities - Patagonia Argentina, World-Class Gold-Silver Mines
Cerro Negro Gold-Silver Mine ***
▪ Mining began as narrow high-grade veins to bulk-tonnage operations Cerro Negro Gold-Silver Mine
▪ Comparable scope and scale potential
▪ Epithermal precious metal deposits
▪ Same age rocks - Jurassic volcanics are key to precious metals deposits
▪ Low sulphidation with quartz-adularia-kaolinite and propylytic alteration
Cerro Negro Gold-Silver Mine*
▪ Open pit and multiple underground mines
▪ 2017 production: 452,000 oz Au
▪ 2017 AISC at $684 oz
▪ 4.9M gold reserves + 1.2M measured & indicated gold
▪ 4,000 tpd plant
▪ 96% Heap leach recovery
Cerro Vanguardia Gold-Silver Mine**
****
▪ Multiple narrow high-grade veins in open pits and underground
▪ 2017 production: 283,000 oz Au and 6.2M oz Ag
▪ 2017 total cash cost at $522 oz, AISC at $772 oz
▪ +3 million Au oz in reserves and resources after 20 years of operations
▪ 3,000 tpd plant, 2017 production of 3.1 Mt at 7.5 g/t Au
*Source: www.goldcorp.com/English/portfolio/operations/cerro-negro/default.aspx
**Source: www.aga-reports.com/17/op#2
***Source: IM-mining.com
****Source: mining.com
17 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2XValue Proposition
NEAR-TERM OBJECTIVES
MARKET CAP • Up to 50,000m drill program focused on
MANAGEMENT expansion and definition drilling resource
THE
5 M’S
FOR PICKING GOLD
MONEY
• Drill testing geophysical and geochemical
targets for new discoveries
MINING STOCKS MINERALS • Develop additional exploration targets
MINE LIFE CYCLE • New Resource Estimate following drill results
OPPORTUNITY
• 100% ownership of Lawyer’s gold and silver project
• Located in an area of proven prolific mineralization
TRACK RECORD AND TEAM
• 127 km2 land package
• Experienced team with decades of mining experience
• Access to existing mining infrastructure
• One of the Metals Group of Companies
• Mining-friendly, low-risk jurisdiction
• Fully funded, +$10M in working capital
18 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2XJeremy Yaseniuk
Corporate Development
jeremyy@bnchmetals.com
Contact 1.604.773.1467
Head Office
10545 45 Avenue NW Jim Greig
250 Southridge, Suite 300 President
Edmonton, Alberta Canada jimg@bnchmetals.com
www.benchmarkmetals.com 1.604.260.6977
John Williamson
Chairman & CEO
johnw@bnchmetals.com
TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X 19You can also read
