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5 Million OZ GOLD EQUIVALENTTa
rget
ing
June 2020TSX/V : BNCH
OTCQB : CYRTF
WKN : A2JM2XCORPORATE PRESENTATION
2 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 informationcurrently 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 theCompany’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 andconditions, 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, coulddiffer 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; andother 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 readersshould 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 itsbehalf, except if required to do so by applicable securities laws. You are cautioned notto 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-lookingand 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 maybe 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 mineralizationcontinues 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 identifyingeconomical reserves are extremely small.
The presentation contains historical exploration data thathave not been verified by Benchmark Metals Inc. and may not be accurate or complete, and therefore the information should notbe 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 andapproving the technical content of all materials publicly disclosed by Benchmark, including the contents ofthis presentation.
3 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
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.
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.
About Benchmark Metals Inc.
LAWYERSGOLD & SILVER PROJECT
VANCOUVER
4 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
0
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LAWYERS PROJECT
• 100% owned
• Located in the prolific Golden Horseshoe
• Developing substantial resource potential
• Past producer with ~$50 million in existing infrastructure
• Proven and profitable mining jurisdiction
CATALYSTS FOR GROWTH
• Up to 50,000 metres of drilling in 2020
• New resource estimate following drilling
• Fully funded with +$10 million
GOLD & SILVER
• Near surface epithermal Au-Ag system
• Potential link to deeper porphyry system
• 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
Investment Opportunity
*Assay interval lengths are core length and are estimated to be 80 to 90% of true width
COMPARABLE EXPLORATION COMPANIES IN CANADA
June 04, 2020
Benchmark’s current price provides attractive buying opportunity when
compared with peers
5 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
Why Invest in Benchmark
THE WORLDS LARGEST HEDGE FUND SEES GOLD RISING 30% TO US$2000
PR
OJE
CT
VA
LUE
BENCHMARK POSITIONED FOR
GROWTH
MARKET CAP
MANAGEMENT
MONEY
MINERALS
MINE LIFE CYCLE
5 M’SFOR PICKING GOLDMINING STOCKS
THE
THE MINE LIFE CYCLE
Source: Bridgewater’s co-chief investment officer Greg Jensen
TIME
Concept Exploration Discovery Feasibility Development Mining
High RiskHigh Potential
Lowered Risk Full Value
Speculative
Speculators Leave
Orphan Period
Institutional Investment
6 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
Rapidly Advancing Towards Production Scenarios
WORLDS LARGEST HEDGE FUND SEES GOLD RISING 30% TO US $2000
2018
2019
2020
2021
2021Acquired the Project
Inaugural Field Program
Drilling provided bulk-tonnage potential and large gold-silver mineralized zones from surface.Eric Sprott becomes major shareholder.
Expansion Drilling
Block modeling of numerous zones.Mineral Inventory Target.Pit shell modeling.50,000 m expansion and definition drill program.Additional new discovery potential.
Resource Estimate
Targeting multi-million oz potentialAdvanced work programs to enable Economic & Engineering Studies.
PEA
Results to substantiate a world-class gold-silver asset.Working towards mine development & production scenarios
Extensive data compilation and small work program to determine future scope and scale of the project.
Source: Bridgewater’s co-chief investment officer Greg Jensen
7 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
Current shares outstanding & Market Cap @ $0.365 118.5 M $43.25 M
Working Capital $10.20 M
In the money Warrants 1.4 M $0.42 M
In the money Options 10.4 M $2.90 M
In the money Diluted Working Capital $13.52 M
In the money Diluted Shares & Market Cap @ $0.365 130.3 M $47.55 M
Fully diluted Working Capital $20.42 M
Fully Diluted Shares and Market Cap @ $0.365 150.8 M $55.04 M
Resurgence in Precious Metals sector
SHARE STRUCTURE Jun 08, 2020
Start of a new bull market
Growing demand forprecious metals
Increased capitalinvestments
Positive External Drivers
Landacquisitions
Resourceexpansion
Gold & Silver drill results
New discoveries
Internal Drivers
Corporate Snapshot
SHARE PRICE – TSX.V: BNCH
8 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
John Williamson, P.Geol – CEO & Chairman+30 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 & Qualified Person+30 years mining sector, professional geologist at world-class mining projects and jurisdictions
Ewan Webster, Ph.D., P.Geo. – Senior GeologistExploration geologist with a comprehensive field, technical, and academic background
Management & Directors
Collectively over +150 years of mining experience
Management of over 25 public mining companies delivering shareholder value
Raised in excess of $400 million towards exploration, development & production projects globally
Success through discovery, development and production cycles
Management named three times to TSX Venture 50TM
9 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
The Lawyer’s Project
**Source: Benchmark NI43-101 Report, SEDAR,
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
10 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
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’ .
11 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
The Geological Model – Low Sulphidation Epithermal System
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 acted as conduits for fluids to migrate
and precipitate metals.
Alteration
With proximity to mineralized zones, a range of different alteration assemblages
are recognized:
• Propylitic, Hematite, Argillic, Phyllic (QSP), Silicic, Potassic
Mineralization
Mineralization occurs in two discrete styles:
1. Broad zones of multiphase hydrothermal breccias with mineralized veins that contain
abundant fine to -medium grained sulphides and native gold, silver, and electrum.
2. Discrete quartz veins measuring approximately 1-4 metres wide that contain
semi-massive sulphides, including acanthite, sulfosalts, chalcopyrite, pyrite and
native silver.
Generalized cross section of the Toodoggone district
12 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
90% of the 140 km2 property is underexplored
• Five resource expansion zones
• Two new discovery zones for 2020 drill testing
• Six early stage exploration targets for new discoveries
Previous mining overlooked the bulk-tonnage and porphyry potential
• High-grade drill intercepts within wider mineralized envelopes
• Open at depth - average drill hole under 100m
• Copper porphyry targets associated with large zones of clay alteration, soil and radiometric anomalies, and key stratigraphic horizons
Large Resource Expansion Areas with New Discovery Potential
Gold-Silver Zones Over Radiometric Geophysics
5 Million oz Gold-Silver Exploration Target
High Grade Drill Results*
3.00m at 259 g/t gold & 3,320 g/t silver – AGB
3.05m at 52 g/t gold & 846 g/t silver – Dukes
2.40m at 87 g/t gold & 2,407 g/t silver – Cliffs
0.90m at 132.5 g/t gold & 8,560 g/t silver - Phoenix
Bulk-Tonnage Drill Results*
25.00m at 2.79 g/t gold & 177 g/t silver – AGB
33.53m at 5.76 g/t gold & 128.65 g/t silver – Dukes
36.50m at 2.68 g/t gold & 82.57 g/t silver – Cliffs
26.00m at 2.42 g/t gold & 100.26 g/t silver - Phoenix
13 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
Cliff Creek Zone - Discovery & Growth
The Cliff Creek Zone extends for over 1.2 km along strike and 250 metres 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
New zones are being discovered within 50 metres of historical underground workings and drilling
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
*Drill core-lengths
WSW ENE**
NEW PARALLEL ZONE DISCOVERED19CCDD025: 36.3 m @ 3.19 g/t AuEq
Incl. 3.23 m @ 18.24 g/t AuEq
POTENTIAL FOR NEW DISCOVERIES
50M FROM MAIN ZONE & ONLY
JUST DISCOVERED
OPEN AT DEPTH
Historical drilling not fully sampled.
Multiple parallel zones projected along strike.
14 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
Cliff Creek Zone Exploration Target
Cliff Creek bulk tonnage Exploration Target ranges from 30.6
million tonnes to 34.7 million tonnes with a range in grades
of 1.71 g/t AuEq to 1.73 g/t AuEq at a lower cutoff of 0.5 g/t
Au, yielding an estimated range of 1,682,000 AuEq
ounces to 1,924,000 AuEq ounces.*
86% of the AuEq ounces are within 300m of surface.
Cliff Creek remains remain open in all directions.
AGB, Duke’s Ridge, Phoenix, and Phoenix East zones have
similar resource potential.
BLOCK MODEL
Pit shell model
*A silver to gold ratio of 80:1 has been used in the calculation of AuEq
**Total ounces may not add due to rounding.
***The tonnes, grade and ounces presented are an Exploration Target, and are conceptual in nature,
there has been insufficient exploration to define a mineral resource and it is uncertain if further
exploration will result in the target being delineated as a mineral resource. The Target has not been
evaluated for reasonable prospects for future economic extraction as metallurgical work and drilling are
planned and ongoing.
1.92 Moz AuEq EXPLORATION TARGET(CLIFF CREEK ZONE LONG SECTION) – 1.2 Km
Exploration Target*** – Range of Tonnes and Grades
A full table of results, modeling details, and parameters can be found on the Benchmark Metals website and in the February 28th press release.
Au Cut-off Tonnes Avg au g/t au oz Avg ag g/t ag oz Avg EQ Au ppm EQ Au oz
0.2 61,969,042 0.866 1,725,597 25.66 51,124,711 1.154 2,299,767
0.5 34,687,453 1.278 1,425,494 39.791 44,375,916 1.725 1,923,869
2 4,349,789 3.678 514,302 128.402 17,956,826 5.12 715,971
0.2 55,046,348 0.859 1,520,935 25.486 45,104,233 1.146 2,027,490
0.5 30,622,770 1.266 1,246,245 39.451 38,841,095 1.709 1,682,460
2 3,655,852 3.794 445,972 130.289 15,313,962 5.258 617,960
15 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
Multiple Resource Zones for Expansion & Definition
Following the 2019 drilling program Benchmark
has defined five discrete mineralized zones that
will be the focus of resource definition and
expansion drilling in 2020.
Up to 50,000 m of expansion and definition
drilling will target all of these zones in 2020.
A global resource estimate will comprise Cliff
Creek, Duke’s Ridge, Phoenix and AGB.
Six additional exploration targets across the
140 km2 property could provide additional
ounces.
PHOENIX EAST
PHOENIX
DUKE’S RIDGE
AGB
MINERALIZED DOMAINS USED FOR EXPLORATION TARGET, MINERAL INVENTORY AND MODELLED PIT SHELLS ON GROUND MAGNETICS
Mine Portal
16 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
Q4 2020 Q1 2021
2020
Q2 2020 Q3 2020
2020 CORPORATE OBJECTIVES
*Quarters are calendar year
Geological interpretation. Advanced metallurgical,
permitting, and environmental studies.
Commence drill and field exploration programs.
Geotechnical & Engineering studies.
50,000m drill program, metallurgy, infrastructure
improvements.
Interpretation and 43-101 resource estimation.
2021
Q2 2021
Commence PEA.Geology and Engineering
programs to support future feasibility study.
17 TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
TRACK RECORD AND TEAM
• Experienced team with decades of mining experience
• One of the Metals Group of Companies
OPPORTUNITY
• 100% ownership of Lawyer’s gold and silver project
• Located in an area of proven prolific mineralization
• 140 km2 land package is 90% underexplored
• Access to existing mining infrastructure
• Mining-friendly, low-risk jurisdiction
• Fully funded, +$10M in working capital
• Near term resource estimate
NEAR-TERM OBJECTIVES
• Up to 50,000m drill program focused on expansion and definition
drilling resource
• Drill testing geophysical and geochemical targets for new discoveries
• Expanded metallurgical test program investigating the
mineralization for potential bulk-tonnage mining.
• Geotechnical program to potentially minimize open pit strip ratios
• Develop additional Au-Ag and Cu-Au exploration targets
• New Resource Estimate following drill results
Value Proposition
LONGER-TERM OBJECTIVES
• PEA (Preliminary Economic Assessment)
• FS (Feasibility Study)
• Re-establish future mining
18
Jeremy YaseniukCorporate [email protected]
1.604.773.1467
Jim Greig
1.604.260.6977
John Williamson
Chairman & [email protected]
TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
Head Office10545 45 Avenue NW250 Southridge, Suite 300Edmonton, AB, Canada, T6H 4M9
Vancouver Office800 W Pender Street, Suite 410, Vancouver, BC, Canada, V6C 2V6