Blind Creek Resources Ltd. Engineer Gold Mine Presentation Engineer - - PowerPoint PPT Presentation

“Engineer Mine” Original painting by Jeff Wilson acrylic, 20x20 inches, 2013

Blind Creek Resources Ltd.

Engineer Gold Mine Presentation

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 Properties

Blende Property (100% owned)

• The largest undeveloped carbonate-hosted Zn-

Pb-Ag deposit in Yukon. AB Property (100% owned)

• Drill-ready Mississippi Valley-Type (MVT) Zinc-

Lead Property, North West Territories. Engineer Gold Mine Property (100% owned)

• Fully permitted historic high-grade gold mine

and mill in northwestern B.C. being spun out into Engineer Gold Mines Ltd., a separate public company expected to commence trading in mid April, 2018. (See Blind Creek News Release dated January 19, 2018.)

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BLIND CREEK RESOURCES LTD. ANNOUNCES INTENTION TO MOVE FORWARD WITH ENGINEER GOLD MINES SPINOUT TRANSACTION

VANCOUVER, January 19, 2018 - (TSXV: BCK) – Blind Creek Resources

• Ltd. (“Blind Creek” or the “Company”) is pleased to announce its intention to

transfer its Engineer Mine property and the adjoining Gold Hill Property which it acquired from BCGold Corp. (now Pan Andean Minerals Ltd.) in early 2017 together with certain claims it had previously acquired (the “Engineer Gold Mine Project”) to Engineer Gold Mines Ltd. (“Engineer”), a wholly-owned subsidiary

• f Blind Creek subject to receipt of all required regulatory approvals) for common

shares of Engineer (the “Engineer Distribution Shares”). The Engineer Distribution Shares will then be distributed to the common shareholders of Blind Creek on the reduction of the stated capital of the Blind Creek common shares, all by way of a plan of arrangement (the “Plan of Arrangement”) under the Business Corporations Act (British Columbia) (the “Arrangement”). Blind Creek and Engineer have entered into an arrangement agreement (the “Arrangement Agreement”) dated January 19, 2018 in connection with the Arrangement (which has been filed under Blind Creek’s profile on www.SEDAR.com.) The Arrangement is intended to deliver value to shareholders by unlocking the potential of the Engineer Gold Mines Project.

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The Engineer Gold Mine, B.C. Yesterday and Today

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Engineer Gold Mine Property, B.C.

• The Engineer Gold Mine is a historic high-grade gold-silver

producer situated 32 km southwest of Atlin, B.C.

• It is estimated that 14,263 tonnes was mined between 1910

and 1952, although the majority of the production occurred between 1912 and 1927 from 8 mine levels. Engineer Gold Mine produced 18,000 ounces gold and 9,000 ounces silver averaging 39 g/t Au and 18 g/t Ag, respectively.

• The Property is an under-explored “Porgera-style”

epithermal system with > 25 known veins and 2 major shear structures providing exploration potential for additional high-grade and large bulk-tonnage gold deposits.

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Location Map Engineer Gold Mine Property, B.C.

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• The Engineer Gold Mine

Property was acquired by Blind Creek on April 26th, 2017.

• Access by float / ski-equipped

plane, helicopter, boat and barge.

• Historic gold mine situated on

patented crown grants.

• >$4.7M expenditures by

previous owner.

• Small high-grade gold

production opportunity defined by previous owner.

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.

Engineer Gold Mine Property, B.C.

• The Engineer Gold Mine is a fully permitted, advanced exploration project

that possesses a small, but high-grade, Inferred Mineral Resource. Recent diamond drilling, surface trenching, underground sampling, on-site test milling and geological mapping have confirmed the geological continuity of the Engineer and Double Decker veins. Other veins such as the Boulder- Governor, Shaft, Andy and Jersey Lily are targets that could possibly add to the mineral resource base with further exploration success.

• The Engineer Gold Mine Project can be advanced with exploration along

the known shear zones (Shear A and Shear B). Both shears have multi-km strike lengths and host significant widths of silica-rich hydrothermal breccia with low-grade gold mineralization. With the exception of a limited drill program conducted in 2008, there has been very little work completed on these shear zones. Significant diamond drilling results from Shear A include values up to 34.0 metres grading 0.45 g/t Au (2011).

• Preliminary soil geochemical surveys have shown that these shear

structures are anomalous in gold pathfinder elements such as arsenic and

• antimony. A systematic, property-wide soil survey would be the initial step

to identify any higher-grade anomalies for drill testing.

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Engineer Gold Mine Property, B.C.

• 2018 NI 43-101 Technical Report received January 18, 2018 with

stated Inferred Resource (open to expansion) that includes 20,100 oz. gold grading 1.75 oz/ton gold (60 g/t) in 10,400 tonnes at 25 g/t Au Cutoff on Engineer Vein.*

• The Technical Report proposes a $6.2 million exploration and

development program to be conducted in two phases to continue advancing the Engineer Gold Mine Project. The proposed program focuses on mineral resource expansion, metallurgical test-work, and bulk sampling.

• Engineer Gold Mines Ltd. is expected to list on the TSX.V

Exchange by mid-April, 2018 and is positioning to conduct a significant 2-Phase exploration, mine dewatering and test-mining / milling program at the Engineer Gold Mine Property in 2018.

* NI 43-101 Technical Report entitled “Engineer Gold Mine, British Columbia, Canada - 2018” authored by Darren O’Brien, P. Geo, Michael Redfearn, P. Eng. and Dr. Simon Dominy, FAuslMM(CP), FGS(CGeol) dated January 18, 2018

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Regional and Engineer Gold Mine Crown Grants Property Geology

11 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 – 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 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 Underground Workings, Veins and Mined Areas

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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 focussed on new discoveries.

• 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 Gold Mine Property VulcanTM Model & 2010 Underground Drilling

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2018 NI 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. * January 18th, 2018 NI 43-101 Mineral Resource Estimate from “Engineer Gold Mine, British Columbia, Canada - 2018” authored by Darren O’Brien, P. Geo, Michael Redfearn, P. Eng. and Dr. Simon Dominy, FAusIMM(CP), FGS(CGeol).

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 Vein Resource, 2011 Bulk Sample Mining Grades and Exploration Targets

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January 18th, 2018 NI 43-101 Mineral Resource Estimate from “Engineer Gold Mine, British Columbia, Canada - 2018” authored by Darren O’Brien, P. Geo., Michael Redfearn, P. Eng. and Dr. Simon Dominy, FAusIMM(CP), FGS(CGeol).

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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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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BC Gold-Silver-Arsenic-Antimony MMI Anomalies on Magnetics

• Gold-silver-arsenic-antimony

anomalies defined by MMI soil surveys.

• BC anomaly 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 conducted step-out

MMI soil sampling program in 2017.

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Inferred Intrusive Stock

Engineer Gold Mine Bulk Tonnage Gold Drill Targets (On Magnetics)

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New Magnetic High (Intrusive Stock) Diamond Drill Target

Current Drill Holes Proposed Drill Holes

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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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

Engineer Gold Mine Bulk Tonnage Gold Drill Targets (On Resistivity)

Shear Zone “A” Resistivity Long Section

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High Res Drill Target Area

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 Engineer Gold Mine Exploration Activities and Results

• 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 of 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 at the Engineer Gold Mine.

• In 2017 Blind Creek completed a program of geological mapping, sampling

and MMI soil surveys targeting additional narrow-vein high-grade and shear-hosted bulk tonnage gold mineralization south of Engineer Gold Mine (proper) and on the southern Wann River claims. Several widely spaced anomalies warrant follow‐up prospecting work and a more detailed, follow- up MMI survey to develop vein targets to the south and west.

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2018 Developments

• On January 18th, 2018 the Company received an updated NI 43-101

Technical Report on the Engineer Gold Mine Property with a stated Inferred Resource (open to expansion) that includes 20,100 oz. gold grading 1.75 oz/ton gold (60 g/t) in 10,400 tonnes at 25 g/t Au Cutoff

• n Engineer Vein.*
• On January 19th, 2018 Blind Creek announced the Company’s

intention to move forward with Engineer Gold Mines Spinout Transaction.

• Engineer Gold Mines Ltd. is expected to list on the TSX.V Exchange by

mid-April, 2018 and is positioning to conduct a significant 2-Phase exploration, mine dewatering and test-mining / milling program at the Engineer Gold Mine Property in 2018.

* NI 43-101 Technical Report entitled “Engineer Gold Mine, British Columbia, Canada - 2018” authored by Darren O’Brien, P. Geo, Michael Redfearn, P. Eng. and Dr. Simon Dominy, FAuslMM(CP), FGS(CGeol) dated January 18, 2018 32

2018/2019 Engineer Gold Mine Recommended Exploration Programs

• $200k Phase I Program focussed on:
• Design, budget and permit an 8 Level exploration program that

includes geotechnical and geologic mapping, and panel sampling.

• Mineralogy studies on tails material.
• Rougher-Cleaner flotation testing on the tails sample without

gravity concentration.

• 2nd and 3rd cleaner stage testing to increase concentrate Au

grade to saleable grade.

• Design, budget and permit program to extract 3,800 T sample

from 505-3 and 505-5 shoots.

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• $6 million Phase 2 Program focussed on:
• Soil geochemistry grid investigating Shear A and B.
• Soil orientation survey and prospecting at Wann Prospect.
• 9,000 m drill program testing the four target areas defined along Shear

A and B, and any new anomalies.

• Dewatering and install services to 8 Level. Geotechnical and geologic

mapping, and panel sampling of 8 Level.

• Permit and modifying current mill to process bulk sample utilizing

flotation and/or gravity recovery circuit.

• Install hoist conveyance, install track, drive drifts to 505-3 and 505-5

stopes on 6 Level

• Extract 3,800 T bulk sample
• Milling of bulk sample

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2018/2019 Engineer Gold Mine Recommended Exploration Programs

Blind Creek – The Company

• Established in 2004.
• 25.5 million shares issued; 29.4M shares fully diluted
• 43% shares held by Company insiders.
• Focused on large-tonnage Zinc-Lead-Silver property

acquisitions, exploration and development in Western Canada.

• 100% ownership of 2 drill-ready, mid /resource-stage Zinc-Lead

+/- Silver properties in Yukon and NWT.

• Currently spinning out 100% owned, fully-permitted high-grade

gold mine in northwestern B.C into a separate public company.

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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.

• 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.

• Dale Dobson – CFO
• Mr. Dobson, CPA, CGA is a member of the Chartered Professional Accountants of British Columbia. He has been working for TSX-V listed mining

companies since 1994.

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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