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GOLD SILVER PROJECT
5 Million OZ GOLD EQUIVALENTP
ote
ntia
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100% Owned
January 2020TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
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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 oninformation 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 statementsthat 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 beidentified 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 onassumptions 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 andprospects, 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 indemand and prices for minerals ; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connectionwith 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 otherfactors 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 statementthat 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-lookingstatement.
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 arefuture-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 intersectionsor 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 acertainty 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 ingeneral 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 forreviewing and approving the technical content of all materials publicly disclosed by Benchmark, including the contents ofthis presentation.
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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
LAWYERS
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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
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 CANADAAt Jan 13, 2020
Benchmark’s current price provides attractive buying opportunity when
compared with peers
CATALYSTS FOR GROWTH
• Up to 50,000 metres of drilling
• New resource estimate following drilling
• Fully funded with +$10 million
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Why Invest in Gold-Silver & Benchmark ?
THE WORLDS LARGEST HEDGE FUND SEES GOLD RISING 30%
TO US$2000
$0
$2
$4
$6
$8
$10
SHA
RE
PR
ICE
DiscoverySpeculation
1-2 years
DevelopmentInvestment
Analysis2-3 years
ProductionRevaluation
2-3 years
Confirmed DepositBecomes Tier 2
Company
Reality Sets In
Production Decision
Start UpBecomes Tier 1
Company
BENCHMARK POSITIONED FOR
GROWTH
MARKET CAP
MANAGEMENT
MONEY
MINERALS
MINE LIFE CYCLE
5 M’SFOR PICKING GOLDMINING STOCKS
THE
THE MINE LIFE CYCLE
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Current shares outstanding & Market Cap @ $0.46 110.6 M $50.88 M
Working Capital $10.34 M
In the money Warrants 19.3 M $6.12 M
In the money Options 3.7 M $0.85 M
In the money Diluted Working Capital $17.31 M
In the money Diluted Shares & Market Cap @ $0.46 133.5 M $61.41 M
Fully diluted Working Capital $20.76M
Fully Diluted Shares and Market Cap @ $0.46 141.1 M $64.91 M
Resurgence in Junior Mining Investment
SHARE STRUCTURE JAN 8, 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
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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 & DirectorsWorld Class Team
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
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The Lawyer’s Project Fast Track To Production
**Source: Benchmark NI43-101 Report, SEDAR,
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
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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 LateTriassic and Early Jurassic are the driving source for the development of mineralizing porphyry and epithermal systems. On both the east and westsides 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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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 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.
Generalized cross section of the Toodoggone district
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90% of the 127 km2 property is underexplored• Six resource expansion zones• Two new discovery zones for 2020 drill testing• Six early stage exploration targets
Previous mining overlooked the bulk-tonnage mineralization• High-grade drill intercepts within wider mineralized envelopes • Open at depth - average drill hole under 100m
6 Resource expansion targets near existing workings at surface defined by:• Drilling• Anomalous rock and soil geochemistry• Zones of potassic alteration• Radiometric geophysics• Airborne magnetics
AGB
Cliff Creek
Dukes Ridge
Phoenix
MarmotE-Grid
Artic
Silver
Pond
Round MountainRESOURCEEXPANSION
ZONE
5 Million oz Gold-Silver Exploration Target
AGB
Cliff Creek
Dukes Ridge
Phoenix
MarmotE-Grid
Artic
Silver Pond
Round Mountain
Phoenix East
Cliff Creek South
Marmot East
Black Lake
Resource Expansion Zones
Inaugural Drilling in 2020
Early Stage Exploration Targets
Silicon Valley
Large Resource Expansion Areas with New Discovery Potential
Gold-Silver Zones Over Radiometric Geophysics
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6 Zones for Resource Expansion & Definition
• Following the 2019 drilling program
Benchmark has defined six discrete
mineralized zones that will be the focus
of resource definition and expansion
drilling in 2020
• The 2019 program included 47
diamond drill holes totaling over 10,750
metres
• Intervals of intense alteration,
multiphase veining and mineralization
intersected in 95% of 2019 drill holes
• Of the 6 zones only 3 have seen limited
historic production
• In 2020 up to 50,000 m of expansion
and definition drilling will target all of
these zones
Discovery & Growth
*Drill core-lengths
PHOENIX EAST
PHOENIX
DUKE’S RIDGE
CLIFF CREEK
CLIFF CREEK SOUTH
AGB
RESOURCE EXPANSION AREA DRILLING ON GROUND
MAGNETICS
DRILL COLLAR
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Cliff Creek Zone
• 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
• 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
Summary
**Drill core-lengths
WSW ENE**
**
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Dukes Ridge and Phoenix ZonesSummary
• 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
**
**
**
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Amethyst Gold Breccia Zone Summary
• The AGB zone extends for over 400 metresalong 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 completedsufficient work to classify the historical estimate as current mineral resources or mineral reserves, and therefore Benchmark is not treating the historical estimate as current mineralresources or mineral reserves. **Drill core-lengths
**
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Q3 2020 Q4 2020
2020
Q1 2020
Defining 50,000 metredrill program between
six resource zones
Q2 2020
2020 CORPORATE OBJECTIVES
*Quarters are calendar year
Commence 10,000m phase one RC drill
program
Interpretation and resource Estimation
Commence 40,000m phase two RC and
diamond drill program
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▪ Mining began as narrow high-grade veins to bulk-tonnage operations
▪ 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
Lawyers Project similarities - Patagonia Argentina, World-Class Gold-Silver Mines
▪ 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 Negro 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
Cerro Vanguardia Gold-Silver Mine**
Comparable World Class Deposits & Geology
*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
Cerro Negro Gold-Silver MineCerro Negro Gold-Silver Mine***
****
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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
• 127 km2 land package
• Access to existing mining infrastructure
• Mining-friendly, low-risk jurisdiction
• Fully funded, +$10M in working capital
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
• Develop additional exploration targets
• New Resource Estimate following drill results
Value Proposition
MARKET CAP
MANAGEMENT
MONEY
MINERALS
MINE LIFE CYCLE
5 M’SFOR PICKING GOLDMINING STOCKS
THE
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Jeremy YaseniukCorporate Development
1.604.773.1467
Jim Greig
President
1.604.260.6977
John Williamson
Chairman & CEO
Head Office10545 45 Avenue NW250 Southridge, Suite 300Edmonton, Alberta Canadawww.benchmarkmetals.com
TSX/V : BNCH | OTCQB : CYRTF | WKN : A2JM2X
Contact