Benz Mining Corp. · TSXV:BZ
Benz Mining — Investor Presentation (2021)
22 slides from Benz Mining's investor presentation, 2021
Slide 1: Eastmain Gold Project, Modern Exploration
z EASTMAIN GOLD PROJECT MODERN QUEBEC, CANADA EXPLORATION BENZMINING.COM | TSXV: BZ, ASX:BNZ GIVING A NEW LIFE TO A FOLLOW US: NEGLECTED HIGH GRADE GOLD MINE @BENZMINING CORP
Slide 2: Disclaimer and Forward Looking Statements
DISCLAIMER AND FORWARD LOOKING STATEMENTS 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", "Projec
Slide 3: Eastmain – Quebec's Forgotten Gold District
EASTMAIN – QUEBEC’S FORGOTTEN GOLD DISTRICT An underexplored gold district in the heart of Quebec Over 220 km2 of highly prospective tenure covering 45km strike of greenstone belt Discovered in 1970 via airborne electromagnetics surveys (EM) High grade gold mineralization identified over 10km with i
Slide 4: Board of Directors
BOARD OF DIRECTORS EVAN CRANSTON PETER WILLIAMS NICK TINTOR MATHEW O’HARA Executive Chairman Director Director Director B. Com., LLB from University of Western M.Eng.Sc in Geophysics from Colorado BSc. in Geology from the University of B.Com. from University of Western Australia, former corporate la
Slide 5: New Highly Experienced Management Team
NEW HIGHLY EXPERIENCED MANAGEMENT TEAM XAVIER BRAUD, MAIG CEO & Head of Corporate Development Australia M.Sc. in Geology from Universite Paris XI, Ecole Normale Superieure de Paris and Universite de Cergy-Pontoise, exploration geologist with 13 years field experience Previous roles include Resource
Slide 6: Corporate Summary
CORPORATE SUMMARY Symbol TSXV:BZ / ASX:BNZ BZ.TSXV YTD Share price and volume $0.90 1400 Common Shares Outstanding 97,954,491 $0.80 Warrants (C$0.12 - C$1.00) 54,657,595 1200 $0.70 Options (C$0.07 - C$3.00) 7,504,963 1000 $0.60 Volume (Thousands) Top 20 Shareholders (%) ~50% 800 Share Price $0.50 Cu
Slide 7: Quebec: A World Class Mining Jurisdiction
QUEBEC: A WORLD CLASS MINING JURISDICTION Over 260 million ounces of gold produced in Quebec – one of the largest gold producing regions in the world James Bay area quickly becoming one of the hottest places for exploration in Quebec with numerous new (2019) gold discoveries including: Azimut Explor
Slide 8: Upper Eastmain Greenstone Belt – The Next Frontier
UPPER EASTMAIN GREENSTONE BELT – THE NEXT FRONTIER Upper Eastmain Greenstone Belt is an underexplored greenstone belt ~150km in length and up to 20km wide 316 km by road from Chibougamau, a major mining centre with workforce and process plants Eastmain Gold Project is in territory covered by Société
Slide 9: History of the Eastmain Gold Project
HISTORY OF THE EASTMAIN GOLD PROJECT 1994-95 - Mining MSV Res Inc. mined 118,356 tonnes @ 10.58 g/t Au 1969-1970 - Discovery 1981/82 ~ 40koz 2016 Acquired by Placer for base metal exploration Recoveries >95% via CIL All season road to property Placer re-staked Eastmain Anomaly Placer flew airborne E
Slide 10: The Theory – Targeting High Grade Gold with EM
THE THEORY – TARGETING HIGH GRADE GOLD WITH EM A rare situation where electromagnetics can directly lead to high-grade gold Eastmain Mineralization Semi massive pyrrhotite “In order to solve the problem of defining prospective sulphide lenses, borehole geophysics was used. It soon became evident tha
Slide 11: Eastmain Deposit – What We Identified
EASTMAIN DEPOSIT – WHAT WE IDENTIFIED Last ground EM programs conducted by Placer in 1980s Borehole PEM (DHEM) successfully targeted high grade lodes in A and B Zones Significant advances in EM technology since 1980s Recent drilling (last 20 years) has been based off geological analysis not Z geophy
Slide 12: Over 10km of Significant Exploration Potential
OVER 10KM OF SIGNIFICANT EXPLORATION POTENTIAL Z High grade drill intercepts spread over 10km of strike High grade rock chips quartz associated with pyrrhotite same as resource mineralization Mineralization also present in multiple parallel geological contacts No ground electromagnetic surveys compl
Slide 13: Multiple Untested VTEM Anomalies
MULTIPLE UNTESTED VTEM ANOMALIES High grade intercepts identified over 10km strike and open 10+ targets identified with high grade intercepts containing sulphides and quartz veining Coincident rock chips and VTEM suggests multiple parallel structures Almost no historical ground EM conducted outside
Slide 14: Eastmain July 2020 – The Starting Point
EASTMAIN JULY 2020 – THE STARTING POINT 10km strike length on the mine series trend 9 targets with high grade drill intercepts VTEM survey flown 2005 over Eastmain and Ruby Hills Permits Multiple VTEM anomalies – majority undrilled Existing Resource identified at A B C Zones 376,000oz at 7.9g/t gold
Slide 15: First Step - Ground EM to Identify Drill Targets
FIRST STEP - GROUND EM TO IDENTIFY DRILL TARGETS 110 line km fixed loop time domain electromagnetic (FLEM) survey commenced in July 2020 over area around existing mine trend FLEM selected to more accurately identify conductive plates than VTEM (air borne survey) Interpretation identified numerous un
Slide 16: Second Step – Drill Testing Newly Defined Conductors
SECOND STEP – DRILL TESTING NEWLY DEFINED CONDUCTORS First 7 drill holes into FLEM targets intersected targeted host rocks - no false conductors EM20-132 • Largest FLEM conductor • Newly discovered parallel trend • Visible gold • Quartz, pyrrhotite, chalcopyrite and tourmaline BENZ MINING CORP 15
Slide 17: Third Step – Use DHEM to Refine Targets
THIRD STEP – USE DHEM TO REFINE TARGETS Down Hole EM (DHEM) refines targets and helps better define conductive zones 38 historical holes surveyed with DHEM to seek extensions to existing resource and other mineralized areas Numerous DHEM conductors identified for further rounds of drilling All DHEM
Slide 18: Target Host Rocks Hit in All Holes
TARGET HOST ROCKS HIT IN ALL HOLES Archean Greenstones: basalts, felsics and ultramafics Mineralization: Quartz carbonate sulphide +/- tourmaline zones Large alteration haloes: Strong sericite chlorite biotite +/- albite haloes All the required ingredients for a large system BENZ MINING CORP 17
Slide 19: Six Months of Activity – Fast Tracking Growth
SIX MONTHS OF ACTIVITY – FAST TRACKING GROWTH 376,000oz at 7.9g/t Au Underlined by multiple conductors Discovery of an entirely new mineralized zone with: Multiple FLEM and DHEM • Strong alteration Conductors: • Quartz-pyrrhotite mineralization • Along strike • Visible gold • Down plunge • Large unt
Slide 20: Fully Funded for 2021 Program – Fast Tracking Discoveries
FULLY FUNDED FOR 2021 PROGRAM – FAST TRACKING DISCOVERIES Surface electromagnetics $15m exploration budget planned for 2021 MLEM & FLEM 50,000 metre diamond drill program to recommence January 2021 2020 final DHEM results and models due January 2021 DHEM to continue on all holes Drilling and DHEM Ad
Slide 21: A New Era for Eastmain Gold Project
A NEW ERA FOR EASTMAIN GOLD PROJECT New Management and Board Demonstrable success in similar geological environments New Strategy Exploration focused, using geophysical tools and techniques that have had proven success in this region Proven new exploration techniques identify potential for multiple
Slide 22: BenzMining.com | TSXV: BZ, ASX: BNZ
BenzMining.com | TSXV: BZ, ASX: BNZ