Blind Creek Resources Ltd. Engineer Gold Mine, B.C.
Cautionary Statement 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 others, 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. 2
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. 3
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. 4
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 owner. 5
Location Map Engineer Gold Mine, B.C. • 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 on patented crown grants. • >$4.7M expenditures by previous owner. 6
Engineer Gold Mine, Tagish Lake B.C. 7
Engineer Gold Mine Claim Map • 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. 8
Regional and Engineer Gold Mine Crown Grants Property Geology • Adjacent to Llewellyn Fault; major domain boundary between Hub A Stikine and Nisling Hub B 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. 9
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). 10
Engineer Gold Mine – Shear Zones, Veins, Surface Drilling & Underground Development (Level 5) • 5,500 m of underground development on 8 levels. • 5th Level portal with rail. Hub A Hub B • 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. Shear B • 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 Shear A milled 5 bulk samples for 246.1 tonnes). • Mine dewatering , rehabilitation, panel sampling of 6 and 7 Levels in 2012. 11
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 owner. • Previous owner focused on a small tonnage, high-grade gold production opportunity. 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 12 by Dr. Leo Millonig et.al. as part of a post-doctoral research study at U.B.C.
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. 13
Bonanza-style Epithermal Gold Veins Vein mineralogy quartz-carbonate-muscovite roscoelite arsenopyrite arsenic antimony realgar allemontite (native Boulder Vein Sheet Gold Engineer Vein Gold arsenic+stibarsen) stibnite pyrrhotite Ore minerals: Au, Ag (electrum) Occurs free in quartz, and bonanza grades with roscoelite 3 cm 14
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. 15
Engineer Gold Mine Underground Workings, Veins and Mined Areas 16
Engineer Gold Mine Property Vulcan TM Model & 2010 Underground Drilling 17
43-101 Engineer Gold Mine Resource Estimate ENGINEER MINE INFERRED MINERAL RESOURCE ESTIMATE * Contained Cut-Off Category Vein Tonnes Au (g/t) Au (oz) Inferred Engineer 30,800 20.6 20,400 Double 5 g/t Au Inferred 10,100 13.1 4,400 Decker Total (3) 41,000 19.0 25,000 Engineer 10,400 60 20,100 Inferred Double 25 g/t Au Inferred 3,600 30 3,500 Decker Total (3) 14,000 52.5 23,600 Note: Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. * April 18 th , 2011 Snowden NI 43-101 estimate 18
Engineer Gold Mine Camp All-season 20 man trailer camp on property Permanent industrial dock for loading and offloading float planes and barges. 19
Engineer Gold Mine Mill Complex Fully functional, permitted 30 tpd gravity separation mill on site 20
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