Eastmain Mine Gold Projectbenzmining.com/wp-content/uploads/2020/06/Benz_Coporate-Presen… ·...

Eastmain Mine Gold ProjectAdvanced Stage

High Grade Gold

in Canada

T S X . V : B Z

b e n z m i n i n g . c o m

A c q u i r e - E x e c u t e - O p e r a t e

Forward looking statements

2

This presentation contains forward-looking statements and forward-looking information within the meaning of applicable securities

laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project",

"should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements.

More particularly and without limitation, this presentation contains forward looking statements and information concerning the

expected activities of Benz Mining Corp. The forward-looking statements and information are based on certain key expectations

and assumptions made by Benz Mining Corp. Although Benz Mining Corp. believes that the expectations and assumptions on

which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the

forward looking statements and information because Benz Mining Corp. can give no assurance that they will prove to be correct.

By its nature, such forward-looking information is subject to various risks and uncertainties, which could cause the actual results

and expectations to differ materially from the anticipated results or expectations expressed. Readers are cautioned not to place

undue reliance on this forward-looking information, which is given as of the date hereof, and to not use such forward-looking

information for anything other than its intended purpose. Benz Mining Corp. undertakes no obligation to update publicly or revise

any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.


Overview

3

Benz Mining Corp. Eastmain Gold Project Execution Plan

• Canadian junior mining

company focused on

advanced stage precious

metal projects and execution

• Hands-on management with

exploration, global mine

construction, production &

public market experience

• Acquiring 100% of the

Eastmain Gold Project, a

resource stage Au-Ag-Cu

deposit in Quebec

• Property hosts the past-

producing Eastmain Mine

and associated infrastructure

development including an

all-season access road and

airstrip, within the James Bay

Region, Quebec

• 376,000 Oz grading 7.91 g/t

gold (NI 43-101, Sep 3, 2019)

• Significant exploration

potential to increase

gold resource and extend

mine life

1. Exploration Phase I starts with target prioritization,

geophysics, target testing & drilling

2. Complete Phase I and

Phase II Drilling Programs

3. Update Resource Estimate

and Economic Assessment

4. Complete NI 43-101

Technical Report to re-

start mine operation

5. Decision for Construction

& EPCM


Benz Mining Corp. Shares Structure

4

Capitalization

Symbol TSXV - BZ

Shares Outstanding 71,215,118

Stock Options 7,120,598

Warrants 49,924,329

Fully Diluted 128,260,045

Treasury (millions) $5.5

No Debt


Board of Directors & Management

5

Nick Tintor, Chairman & Director

• BSc. in Geology from the University of Toronto with over 30 years of professional experience in the Canadian mining industry.

• Over 20 years of experience in all aspects of junior mining company management, from project generation to finance and execution.

• Brings deep global relationships in the Canadian resources investment banking sector.

• Former director or executive officer at Anaconda Mining, Moto Goldmines, Toachi Mining.

• Mining Engineer with international experience in engineering and operations; P.Eng. in British Columbia, Canada

• +27 years of experience in lead/zinc, copper, gold, coal & oil sands mining operations and consulting engineering companies.

• Technical Director of Mining for Worley Parsons Canada and Mining Division Manager for Wardrop Engineering Inc; and Technical Services Manager for Sherritt International Luscar mine operation in Alberta.

• Master’s Degree in Management from the University of Alberta, Edmonton; BSc in Mining Engineering from the University of Belgrade, Serbia.

• Acts as a QP for mine planning & design, financial analysis, and overall NI 43-101 technical report preparation.

Miloje Vicentijevic, President, CEO, & Director

Carlos Escribano, CFO & Director

• CGA graduated at the UBC

• CFO of Renaissance Oil, former Senior Vice President Finance and Chief Financial Officer at Oracle Mining Corp.

• Experience includes financial and strategic management, debt and equity financing, regulatory compliance, business development and acquisitions analysis, treasure and budgeting.

Ronald (Ron) Hall, Director

• B.Sc. (Hon) Metallurgy with over 40 years professional experience in the management, operation, evaluation and design of global mining projects.

• A graduate from Cardiff University in Wales, Ron has lived and worked in the UK, South Africa, Botswana, Canada, Australia and China and in addition has been involved in business and mining opportunities in India, Russia, North America, Chile, Brazil and Mexico.

• Former independent director of Chinalco Mining International and current director of Panoro Minerals Ltd. (TSX.V-PML)

Mathew O’Hara, Director & Chair of Audit Committee

• B.Com. from University of Western Australia and Chartered Accountant (CA ANZ).

• Has been employed by, and acted as, independent director, company secretary and CFO of numerous resource companies with operations in Australia, Africa, Canada and US.

• +13 years as Associate Director of an international accounting firm in both the corporate finance/advisory and audit divisions in Australia.

• Extensive professional experience in capital markets, debt and equity financing, company management, financial accounting and corporate governance.

A c q u i r e - E x e c u t e - O p e r a t e 6

Advanced Stage

High Grade Gold

in Quebec, Canada


Advanced Stage - High Grade Gold in Canada

7

• Quebec is a leading pro-mining jurisdiction

• Mining is a major contributor to the economy adding $7.6 billion to the local GDP in 2016

• Eastmain is accessible by all-weather road

• 316 km from Chibougamau, a major mining centre

• Numerous new mine developments in the region with ready access to supplies and support services

• Eastmain is in territory covered by Société du Plan Nord (SPN). The SPN are mandated to facilitate investment into projects in its territory

Quebec – A World Class Mining Jurisdiction


Eastmain Gold Project – Highlights

8

A Former Gold Producer – A New Opportunity in a Gold Bull Market

• Indicated resources @ 8.19 g/t Au, with payable silver values

• Former mine produced 118,356 t grading 10.58 g/t Au and 0.3% CuHigh Grades

Defined Resources

Low Risk Province

Veteran Team

• 2019 NI 43-101 resource study prepared for Benz Mining Corp.

• Indicated: 236,500 oz gold, 232,000 oz silver, 2,577,000 lbs Cu

• Inferred: 139,300 oz gold, 152,000 oz silver, 2,042,000 lbs Cu

• Located 316 km northeast of Chibougamau, Quebec

• Quebec offers one of the lowest risk and most pro-mining jurisdictions

in the world

• Benz Mining is managed by a veteran board and team of mine builders,

operators and mineral explorationists


Advanced Stage / High Grade Gold Project

9

Mineral Resource Estimate (NI 43-101, Sep.3, 2019)*

Category Tonnes Au (g/t) Gold Oz Ag (g/t) Silver Oz Cu (%) Cu (lbs)

Indicated 899,000 8.19 236,500 8.0 232,000 0.13 2,577,000

Inferred 579,000 7.48 139,300 8.2 152,000 0.16 2,042,000

• Former mine (1994-1995) produced 118,356 t grading 10.58 g/t Au to produce 40,000 oz gold

• Current NI 43-101 resource estimate with Indicated grade of 8.19 g/t Au and Inferred grade of 7.48 g/t Au

• Potential additional by-product silver and copper credits

* Prepared by P&E Mining Consultants Inc. for Benz Mining Corp., September 3, 2019. Mineral estimate at 2.5 g/t Au cutoff grade.


High Grade Exploration Potential

10

• More than 8 km of potential strike extension from historical mine zones

• 7 defined drill targets offer resource expansion potential

• Potential periodicity of lenses along Mine Trend

• Well defined NW deformation zone strikes for more than 10 km

• Key targets include NW, Hillhouse and Julien which warrant drilling follow-up

Former Eastmain Gold Mine


Oblique view of resource zones

Resource Verification Holes, 2017

11

• 7 verification holes in resource zones A and B

• 1,471 m drilling*

• 5 of 7 verification holes each completed within a

triangle of 3 historical holes

* Completed by Eastmain Resources

SUMMARY OF GOLD RESULTS FROM 2017 DRILL HOLEVERIFICATION PROGRAM (ALL INTERVALS IN CORE LENGTH)

Zone Hole ID Mineralization Historic Drill Hole Validation

AEM17-116

(Triangulation)4.4 m @ 23.1 g/t Au

332001: 2.97 m @ 6.15 g/t Au332003: 4.65 m @ 16.0 g/t Au332005: 4.45 m @ 4.53 g/t Au

AEM17-117


87CH28: 3.62 M @ 8.48 g/t Au87CH24: 3.20 m @ 7.13 g/t Au87CH25: 4.46 m @ 8.35 g/t Au

B EM17-118 (Twin) 7.0 m @ 12.9 g/t Au 87CH08: 5.36 m @ 8.16 g/t Au

B EM17-119 (Twin) 3.0 m @ 17.0 g/t Au 332032: 4.88 m @ 40.7 g/t Au

BEM17-120

(Triangulation)2.0 m @14.7 g/t Au

89CH03: 4.12 m @ 32.6 g/t Au

89CH12: 2.5 m @ 14.1 g/t Au89CH49: 1.95 m @ 8.85 g/t Au

BEM17-121

(Triangulation)10.0 m @

7.27 g/t Au

332033: 5.3 m @ 1.85 g/t Au332044: 4.98 m @ 2.56 g/t Au332045: 8.78 m @ 79.2 g/t Au

BEM17-122


89CH26: 14.45 m @ 2.60 g/t AuEM10-28: 9.5 m @ 12.2 g/t Au332064: 6.94 m @ 15.0 g/t Au


NW Zone Target

12

• Located 500 m northwest of resource zones

• Drilling shows at least 100 m strike and 200 m depth potential and open

• 83CH029: 19.2 g/t Au over 1.5 m including 7.85 g/t Ag

• EM17-126: 9.3 g/t Au over 2.0 m including 23.8 g/t Ag and 0.44% Cu


Hillhouse Zone Target

13

• High-grade gold values in sulphidic chert/quartz veins

• Drilling to very shallow depths of 100 m – open at depth

• Trenching has identified stratabound semi-massive sulphides 200 m outside of the main Mine Trend package

• Demonstrated existence of other gold mineralized lenses outside of the Mine Trend

• Open to SE and not followed up

• Hole EM17-99 intersected 2.5 m grading 7.47 g/t Au including 1 m grading 16.57 g/t Au

• Drilled below EM16-78, 2.5 m grading 6.85 g/t Au including 1.5 m assaying 10.6 g/t Au


Julien Zone High Grade Target

14

• Gold in sulphide-bearing quartz-carbonate veins

• Associated with broad alteration zone 300m NE of interpreted Mine Trend


Julien Zone Target

15

• Strike NE-SW sub-parallel to section

• EM16-76 intersecting over 10.5 m grading 42.4 g/t Au, including 2 m grading 219 g/t Au

• Two follow up holes: EM17-101 across 0.5 m grading 46.8 g/t Au and

• EM17-102 across 0.6 m grading 14.25 g/t Au and 14.1 g/t Ag

Interpreted Feeder Structures

Target Horizon

• High grade deep in hole EM16-76

• 4.5 m of 2.39 g/t Au, incl. 1.5 m of 6.50 g/t Au, and

• 0.5 m of 7.89 g/t Au

• Low grade intercepts in holes EM16-92 & EM16-93 support interpreted target horizon

• Follow-up BHEM with drill testing up-dip of intercept EM16-76


Exploration and Development Strategy

16

• Follow up high grade gold intersections at NW, Hillhouse and Julien targets within the EMTD-A target area.

• EMTD-A target area is a priority striking for +4 km

• Borehole EM will provide lateral target definition from current sulphide bearing zones

• Identify additional targets to southeast along the Mine trend (Area EMTD-D) which has some VTEM anomalies and almost no drilling

• TDEM survey to better define conductive zones prior to drilling

• Define additional high-grade gold resources and update the resource study


SummaryHigh Grade Gold in a Gold Bull Market

17

• The Eastmain Mine Project hosts a high-grade resource from a past-producing mine

• Excellent location and operating jurisdiction in Quebec

• Well defined drill targets host potential for adding to the historic gold resource base

• Veteran management team and board with ability to drive project through feasibility and construction

• C$14 million MCAP provides extremely attractive value

Eastmain Gold Project 50-person camp facility

T S X . V : B Z

b e n z m i n i n g . c o m

M i l o j e V i c e n t i j e v i c

P r e s i d e n t & C E O

m i l o j e . v @ b e n z m i n i n g . c o m

Te l e p h o n e : 1 . 6 0 4 . 6 1 7 . 1 2 3 9

For additional information

mailto:[email protected]

Eastmain Mine Gold Projectbenzmining.com/wp-content/uploads/2020/06/Benz_Coporate-Presen… ·...

Documents

Transcript of Eastmain Mine Gold Projectbenzmining.com/wp-content/uploads/2020/06/Benz_Coporate-Presen… ·...