Blind Creek Resources Ltd. Engineer Gold Mine, B.C. Cautionary - - PowerPoint PPT Presentation

Blind Creek Resources Ltd.

Engineer Gold Mine, B.C.

This presentation does not constitute an offer to sell or solicitation of an offer to buy securities of Blind Creek Resources Ltd.

• Mr. Brian Fowler, P.Geo., a Qualified Person as defined by National Instrument 43-101, has verified the authenticity and

validity of the technical data herein. FORWARD LOOKING STATEMENTS This presentation contains "forward-looking statements". These forward-looking statements are made as of the date of this presentation and Blind Creek Resources Ltd. does not intend, and does not assume any obligation to update these forward-looking statements. Forward-looking statements include, but are not limited to statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to data. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance, achievements expressed or implied by the forward-looking statements. Such factors include, among

• thers, risks related to actual results of current exploration activities; changes in project parameters as plans continue

to be refined; the ability to enter into joint ventures or to acquire or dispose of property interests; future prices of mineral resources; accidents, labor disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals.

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Cautionary Statement

Blind Creek – The Company

• Focused on zinc-lead-silver and gold-silver property

acquisitions, exploration and development in Western Canada.

• Established in 2004.
• 100% ownership of 3 drill-ready, mid /resource-stage

properties.

• Highly experienced Board of Directors and management.
• 25.5 million shares issued.
• 43% shares held by Company insiders.

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Blind Creek – The Properties

Blende Property (100% owned)

• The largest undeveloped

carbonate-hosted Zn-Pb-Ag deposit in Yukon.

AB Property (100% owned)

• Drill-ready MVT Zinc-Lead

Property, North West Territories.

Engineer Gold Mine Property

(100% owned)

• Fully permitted historic mine and

mill in Northwestern B.C.

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The Engineer Gold Mine

• On April 26th, 2017 Blind Creek announced it had completed the

acquisition of the fully-permitted, historic high-grade Engineer Gold Mine and mill, situated 32 km southwest of Atlin, B.C.

• Engineer Gold Mine produced 18,000 ounces gold and 9,000 ounces silver

averaging 39 g/t Au and 18 g/t Ag, respectively, in the 1920’s.

• An under-explored “Porgera-style” epithermal system with > 25 known

veins and 2 major shear structures providing excellent exploration upside for additional high-grade and large bulk-tonnage gold deposits.

• Blind Creek recently tripled the Engineer Gold Mine Property size to 12,032
• ha. by staking.
• Small, 3-year, high-grade gold production opportunity defined by previous
• wner.

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Location Map Engineer Gold Mine, B.C.

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• Engineer Gold Mine is

situated 32 km southwest of Atlin, B.C.

• Access by float / ski-

equipped plane, helicopter, boat and barge.

• Historic gold mine situated
• n patented crown grants.
• >$4.7M expenditures by

previous owner.

Engineer Gold Mine, Tagish Lake B.C.

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Engineer Gold Mine Claim Map

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• Blind Creek recently

tripled property size to 12,032 ha by staking.

• Property overlays the

entire Engineer Gold Mine Camp.

• No underlying royalty on

historic mine workings and Wann River claims.

Regional and Engineer Gold Mine Crown Grants Property Geology

9 Hub A Hub B

• Adjacent to Llewellyn

Fault; major domain boundary between Stikine and Nisling Terrains.

• Black sediments

intruded by quartz monzonite to diorite dykes and stocks

• Property cut by

Llewellyn-related shear zones up to 150 metres wide hosting hydrothermal breccia and low-grade gold.

• > 25 narrow, dilational

veins discovered to date with high-grade gold mineralization.

Engineer Gold Mine Production History

• Past production was primarily from 2 high-grade gold (39 g/t Au) and

silver (19 g/t) veins on 8 mine levels.

• Mine workings access 7 veins, all open at depth. Four veins with high-

grade mineralization above the 5th Level (main haulage).

• Veins and high-grade gold mineralization has been confirmed by the

previous owner to extend below the deepest mine level by recent drilling, (22.32 g/t Au over 0.96 metres), mine dewatering, bulk sampling and on- site milling.

• In 2011, 5 bulk samples totaling 246 tonnes from remnant pillars of the

Engineer Vein were test-mined and milled, producing 826 kg of gold gravity concentrate (containing 68 oz gold) which was monetized for US$107,000 (Net).

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Engineer Gold Mine – Shear Zones, Veins, Surface Drilling & Underground Development (Level 5)

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Hub B Shear B Hub A Shear A

• 5,500 m of underground development on 8

levels.

• 5th Level portal with rail.
• 2 styles of epithermal gold mineralization.
• Narrow high grade veins (0.3 – 3.0 m, >35

g/t Au).

• Broad, low grade shear structures with

hydrothermal breccias (0.45 g/t over 34 m).

• Unexplored below 200 m from surface.
• 1,850 m surface drill program in 2008

(Shear Zone A), 1,100 m UG drill program in 2010 (Engineer & Double Decker Veins), and bulk sampling program in 2011 (mined and milled 5 bulk samples for 246.1 tonnes).

• Mine dewatering , rehabilitation, panel

sampling of 6 and 7 Levels in 2012.

Engineer Exploration Model and Upside

• The Historic Engineer Gold Mine has the earmarks of a large epithermal gold

mineralizing system (bulk tonnage gold and narrow vein high-grade gold and roscoelite) similar to world-class epithermal gold systems such as the Porgera (+10M oz Au), Cripple Creek and Emperor gold deposits.

• Property has >25 known veins and >8 km of untested, 2nd order shear structures

known to host large bodies of hydrothermal breccias with low-grade gold and silver.

• Overall less than 5,000 metres of drilling on the property – mostly by the previous
• wner.
• Previous owner focused on a small tonnage, high-grade gold production
• pportunity. The Engineer Gold Mine has never been properly assessed by a

modern day, deliberate and well-funded exploration program.

• The exploration potential for additional high-grade gold mineralization at the

Engineer Gold Mine is strongly supported in 2 recent geological papers published by Dr. Leo Millonig et.al. as part of a post-doctoral research study at U.B.C.

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Engineer Exploration Model and Upside

• Drilling in 2008 defined a continuous low-grade gold-bearing hydothermal

breccia body over a 400 metre strike length in Shear Zone A, with first-pass drill intercepts up to 0.45 g/t Au over 34 metres.

• First-pass soil geochemical surveys by the previous owner has defined

numerous un-explained Au-Ag-As-Sb soil anomalies proximal to Engineer Mine.

• Numerous un-explained magnetic and EM resistivity anomalies occur in

proximity to the soil anomalies and along strike of Shear Zone “A”.

• Blind Creek is positioned to drill test 4 separate bulk tonnage gold targets,

radiating from a central intrusive core immediately south of the mine workings, believed to represent the heart of the Engineer mineralizing system.

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Bonanza-style Epithermal Gold Veins

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3 cm Engineer Vein Gold Boulder Vein Sheet Gold

Vein mineralogy

 quartz-carbonate-muscovite  roscoelite  arsenopyrite  arsenic  antimony  realgar  allemontite (native

arsenic+stibarsen)

 stibnite  pyrrhotite  Ore minerals: Au, Ag (electrum)  Occurs free in quartz, and

bonanza grades with roscoelite

UBC / Mitacs Engineer Gold Mine Postdoctoral Research Study

• Dr. Leo Millonig (Postdoc Fellow)

– Supervisors: Dr. Lee Groat, UBC / Dr. Robert Linnen, UWO

• 1 year / $85,000 postdoc thesis studied:

– Gold deportment / Vein mineralogy / Geochemistry / Chronology – SEM / Microprobe / XRD / LA ICP-MS / Isotope analysis – Triggers to gold deposition / Consequences for exploration

• Results include:

– Auriferous aspy grading 6 ppm to 683 ppm Au – Strong Au / As / Cu correlation – Age dates: Ar/Ar 49 Ma; 54 Ma U/Pb – Bonanza gold system open to depth.

• Final report received – April, 2015.
• 2 scientific papers published.

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Engineer Gold Mine Underground Workings, Veins and Mined Areas

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Engineer Gold Mine Property VulcanTM Model & 2010 Underground Drilling

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43-101 Engineer Gold Mine Resource Estimate

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Cut-Off Category Vein Tonnes Au (g/t) Contained Au (oz) 5 g/t Au Inferred Engineer 30,800 20.6 20,400 Inferred Double Decker 10,100 13.1 4,400 Total(3) 41,000 19.0 25,000 25 g/t Au Inferred

Engineer 10,400 60 20,100

Inferred Double Decker 3,600 30 3,500 Total(3) 14,000 52.5 23,600

ENGINEER MINE INFERRED MINERAL RESOURCE ESTIMATE *

Note: Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. * April 18th, 2011 Snowden NI 43-101 estimate

Engineer Gold Mine Camp

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All-season 20 man trailer camp on property Permanent industrial dock for loading and

• ffloading float planes and barges.

Engineer Gold Mine Mill Complex

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Fully functional, permitted 30 tpd gravity separation mill on site

Engineer Gold Mine Shaft and Mining Equipment

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• Loci, mucker and 4-1 ton ore cars on site
• 10 ton Truck and 931 Cat Dozer
• Level 5 portal and shaft

BCGold Bulk Sampling and Mine Dewatering Programs

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• Test-mined and milled 5 bulk samples totaling 246 tonnes from remnant

pillars of the Engineer Vein in 2011, producing 826 kg of gold gravity concentrate (containing 68 oz gold) which was monetized for US$107,000 (Net).

• 5th Level bulk sampling in 2011 defined the tops of 2 high-grade gold shoots

in Engineer Vein, estimated to contain up to 17,000 oz. gold grading between 30 – 60 g/t gold between 5 and 7 Levels.

• Production drifts already in place on 6, 7 and 8 Levels of Engineer Vein.
• Successfully dewatered 6 and 7 Levels of underground workings in 2012,

confirming gold grade and depth extent of 3 high-grade gold shoots on Engineer Vein. This further “de-risked” continued high-grade mining on Engineer Vein.

Engineer Vein Resource, 2011 Bulk Sample Mining Grades and Exploration Targets

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Engineer Vein, Bulk Sample Gold / Roscoelite and Gold Stream on Finishing Table (2011)

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Gold

3 6 9 12 15 cm

Engineer Gold Mine Resource, Bulk Sample and Underground Exploration Targets

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Double Decker Vein Long Section 2010 Underground Drilling Results

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• High-grade gold confirmed 21 metres

below deepest mine level (8 Level).

Shear Zone ‘A’ – Bulk Tonnage Gold Exploration Drill Results and Targets

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Previous Property Boundary

(Adjoining Ground Acquired in 2013)

Shear Zone ‘B’ – Bulk Tonnage Gold Exploration Drill Results and Targets

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Engineer Gold Mine Property Airborne Magnetics (TMI)

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Engineer Gold Mine Proposed Drilling 8 holes – 2,400 m; 4 Bulk Tonnage Targets

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New Magnetic High (Intrusive Stock) Diamond Drill Target

Current Drill Holes Proposed Drill Holes

Former Property Boundary Hub A Silica Cap Shear B Hub B Silica Cap

500 m

Shear “A” Axis

Resistivity High Drill Target

Engineer Gold Mine Property EM Resistivity (100m Depth Slice)

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Engineer Gold Mine Proposed Drilling 8 holes – 2,400 m; 4 Bulk Tonnage Targets

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New Magnetic High (Intrusive Stock) Diamond Drill Target

Current Drill Holes Proposed Drill Holes

0.5km X 1.0km Resistivity High on Shear Zone A south of 2008 drilling Hub A Silica Cap Shear B Hub B Silica Cap

500 m

Shear “A” Axis

Shear Zone “A” Resistivity Long Section

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High Res Drill Target Area

BC Gold-Silver-Arsenic-Antimony MMI Anomaly Defined

• Gold-silver-arsenic-antimony MMI

anomaly defined by 2016 MMI soil survey.

• Measures 300m x 250m; open to

the east.

• Occurs 450 m east of mine, near

intersection of Shear A and Shear B structures.

• Blind Creek to conduct follow-up

soil sampling and trenching program in 2017.

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2017 Exploration Activities

• Blind Creek staked 8,300 ha of additional contiguous claims immediately after

property purchase. The property now encompasses 12,032 hectares.

• On June 8th, 2017 Blind Creek was issued a water discharge permit from the

British Columbia Ministry of Environment that authorizes Blind Creek to discharge groundwater from the underground workings of the Engineer Gold Mine and effluent from the Company’s 50 tonne per day gravity separation gold mill into Tagish Lake and the tailings impoundment, respectively, subject to a number of specific requirements.

• On July 17th, 2017, Blind Creek management presented the Company and the

Engineer Gold Mine project to the Carcross Tagish First Nations Chief Andy Carvill and Elders. The Company and our exploration plans were warmly received and the Company looks forward to a mutually beneficial and rewarding partnership with the CTFN.

• On October 5th, 2017 Blind Creek acquired the right, title, benefit and interest

held by Pan Andean Minerals Ltd. (formerly known as BCGold Corp.) in and to the 1% Net Smelter Royalty (“NSR”) over the Engineer Mine Property acquired by Blind Creek earlier this year.

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2017 Exploration Activities

• On October 13th, 2017 Blind Creek was issued an amended Mines Act Permit from the

Ministry of Energy, Mines and Petroleum Resources, Mines and Mineral Resource Division, that authorises Blind Creek to conduct exploration, underground mining and on- site milling activities at the Engineer Gold Mine Property, detailed in a renewable Notice

• f Work and Reclamation Program (“NOW”), valid until March 31st, 2020. Blind Creek is

now fully permitted to conduct surface and underground exploration, mine de- watering, seasonal mining, development, and bulk sampling (small-scale gold production) at the Engineer Gold Mine.

• The Company is awaiting exploration results from a recently completed 2017 geological

mapping, sampling and MMI soil survey targeting additional narrow-vein high-grade and shear-hosted bulk tonnage gold mineralization south of Engineer Gold Mine (proper) and

• n the southern Wann River claims.
• The Company has recently received an updated NI 43-101 Technical Report on the

Engineer Gold Mine Property. Recommendations and results provide the basis for a significant 2-Phase exploration and test-mining / milling program at the Engineer Gold Mine Property in 2018.

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2018 Exploration Proposal and Budget

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Item Details Budget (C$)

Surface Exploration Soil geochemistry grid along investigating Shear A and B. Soil orientation survey and prospecting at Wann prospect. $200,000 8 Level Exploration Design, budget and permit an 8 Level exploration program that includes geotechnical and geologic mapping, and panel sampling. $25,000 Metallurgy Mineralogy studies on tails material. Conduct Rougher-Cleaner flotation testing on the tails sample without gravity concentration. Conduct 2nd and 3rd cleaner stage testing to increase concentrate Au grade to saleable grade. $50,000 Bulk Sampling Design, budget and permit program to extract 3,800 T sample from 505-3 and 505-5 shoots. $50,000 Total: $325,000

Phase 1 Exploration

2018 Exploration Proposal and Budget

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Phase 2 Exploration

Item Details Budget (C$) Surface Exploration Soil geochemistry over the Wann prospect. $100,000 Drilling 9,000 program testing the 4 target areas defined along Shear A and B and any new soil anomalies. $2,250,000 8 Level Exploration Dewatering and install services to 8 Level. Geotechnical and geologic mapping, and panel sampling of 8 Level. $1,000,000 Metallurgy / Mill Improvements Permit and modifying current mill to process bulk sample utilizing flotation and/or gravity recovery circuit. $750,000 Bulk Sampling Dewater 6 Level, install hoist conveyance, install track, drive drifts to 505-3 and 505-5 stopes. $600,000 Extract 3,800 T bulk sample $800,000 Milling of bulk sample $350,000 Total: $5,850,000

Blind Creek Resources Ltd. Engineer Gold Mine Once Again

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Board of Directors and Management

• Brian P. Fowler – President
• Mr. Fowler, P.Geo. has 38 years of mineral exploration experience from grassroots work to feasibility studies and mine development, and has fulfilled

roles in the exploration industry from field geologist to corporate executive and director. Mr. Fowler’s career includes project identification, acquisition and advancement throughout Canada and internationally, exploring for a wide range of commodities including gold, silver and base

• metals. Mr. Fowler

has consulted for 23 years and worked for major companies such as Placer Dome Inc. and Quadra Mining Ltd. in management roles for 15 years. For the past 11 years Mr. Fowler has worked primarily as a mining executive and founded several publicly traded junior exploration companies.

• Thomas Kennedy – CEO, Director
• Mr. Kennedy, B.Comm., J.D. is a graduate of the University of British Columbia. After an initial career at the Federal Department of Justice, Mr. Kennedy

has primarily focused as a legal, financial and business consultant to publicly-traded companies. Mr. Kennedy is currently a member of the Law Society

• f British Columbia, the Canadian Bar Association, the British Columbia Bar Association, and an Associate member of the American Bar Association. Mr.

Kennedy has also served and continues to serve as an officer and/or director of several TSX, TSX-V, CSE and OTCQB publicly traded companies.

• Christopher P. Cherry - CFO, Director
• Mr. Cherry has been a Chartered Accountant since February 2009 and a Certified General Accountant since 2004. Mr. Cherry has over 14 years of

corporate accounting and audit experience. Mr. Cherry has extensive corporate experience and has held senior level positions for several public mining companies including Director, Chief Financial Officer, and Secretary. Mr. Cherry held positions with KPMG and Davidson and Co. LLP in Vancouver as an auditor for junior public companies.

• Andrew H. Rees - Director
• Mr. Rees, B.Comm. has over 20 years experience working with oil and gas and mining companies, and has raised over $100 million in the public markets.

In executive management roles, Mr. Rees has taken projects from discovery to commercial production. Mr. Rees currently serves as a director of a number of publicly traded resource companies. Mr. Rees holds a Bachelor of Commerce from Royal Roads University (British Columbia).

• Glen Macdonald - Director
• Mr. Macdonald, P.Geo. is a geological consultant with over 35 years experience in prospecting, property evaluation, exploration and development of
• pen pit and underground mines. Mr. Macdonald also has mill

processing experience as an operator and project manager. Mr. Macdonald has held numerous positions with public companies listed on the TSX and TSX Venture Exchanges as an officer and a director.

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CORPORATE INFORMATION TSX.V: BCK – 24.5MM shares issued Suite 804, 750 West Pender Street Vancouver, BC, CAN, V6C 2T7 www.blindcreekresources.com

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Brian P. Fowler, P.Geo. – President bfowler@blindcreekresources.com (604) 617-8191 Corporate Communications MarketSmart Communications Inc. www.marketsmart.ca (877) 261 4466 Nelson Da Silva Manager Corporate Communications (604) 722-0041 info@blindcreekresources.com