THOMPSON KNOLLS AU-CU PROPERTY OPTION. Bingham Style, Intrusive-Related Mineral System

Transcription

1 THOMPSON KNOLLS AU-CU PROPERTY OPTION Bingham Style, Intrusive-Related Mineral System September 5, 2016

2 Disclaimer & Cautionary Statements Disclaimer BCM Resources Corporation is an early stage mineral resource exploration company with no mineral projects that have been proven to be economic. The Thompson Knolls property is distinct and separate from any adjacent property, including Kings Canyon and Bingham, and the issuers, Inland and BCM Resources, stress that there is no contained inference herein that Issuers will obtain similar information or similar forms or grades of mineralization from the Thompson Knolls property. The drillhole sample assays presented herein are from historical drilling data which pre-dates NI , and most of the assays were performed by a Centurion Mines Corporation, a professional mining company, assay laboratory set up and staffed by a professional assayer. The high grade drilling assay samples from drillhole CKC were re-assayed for gold and silver by Centurion in 1996 at a professional, IDSO 9000 certified assay laboratory. As such, the early assay data and sampling and assaying procedures are historical and should be viewed in that context. The historical drilling programs were conducted under the supervision of a person who is a Qualified Person. All of the post 1996 rock chip geochemical analyses were performed by certified assay labs. As such, the historical sampling, assaying and QA/QC protocols are not known, and therefore these results must also be seen and interpreted in an historical context. These data are presented here for historical information purposes only. These data have been studied and verified and felt to be appropriate at this early stage of this exploration project by Richard R. Redfern, QP, who has written a technical report on the property and these assay and sampling programs. The contents of this presentation, including the historical information contained herein, are for informational purposes only and do not constitute an offer to sell or a solicitation to purchase any securities referred to herein. Forward looking statements This presentation includes certain forward-looking statements about future events and/or financial results which are forward looking in nature and Subject to risks and uncertainties. Forward-looking statements include without limitation, statements regarding the company s plans, goals or objectives and future completion of mine feasibility studies, mine development programs, capital and operating costs, production, potential mineralization and reserves, exploration results and future plans and objectives of Inland. Forward-looking statements can generally be Identified by the use of forward-looking terminology such as may, will,, expect, intend, estimate, anticipate, believe, or continues or the negative thereof or variations thereon or similar terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from expectations include risks associated with mining generally and pre-development stage projects in particular including but not limited to changes in general economic conditions, litigation, legislative, environmental and other judicial, regulatory, technological and operational difficulties, labor relations matters, foreign exchange costs & rates. Potential investors should conduct their own investigations as to the suitability of investing in securities of Inland and BCM Resources. 2

3 Overview BCM Resources Corporation is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, and joint venturing prospective Copper, Gold, and Molybdenum exploration projects in British Columbia and Utah. The Company s current focus is on the exploration of the Thompson-Knolls gold and base metal property. The Company has entered into a Letter of Intent to acquire up to 60% of the drill-ready Thompson Knolls ( TK ) Property, from Inland Explorations Ltd., a Vancouver headquartered, non-reporting issuer. TK is located in western Utah s Great Basin, one of the premier metallogenic provinces in the world. 3

4 Background Inland Explorations Ltd. ("Inland"), a non-reporting issuer, is related to the Company by way of three common directors, all of whom hold shares in Inland and two of which are officers of both companies. The proposed Option Agreement is non arm's length and Closing (on or before December 31, 2016) is subject to receipt of all requisite regulatory and other approvals, including the approval of the TSX Venture Exchange. Inland owns 100% interest in the claims and leases which comprise TK and has brought the project to drill-ready status. 4

5 TK Option Terms* Cash $ Shares Exploration $ Initial Payment $50, ,000 Year 1 $50, ,000 $500,000 Year 2 $50, ,000 $750,000 Year 3 $50, ,000 $1 million Year 4 $50, ,000 $1.25 million Total: $ 250, million $3.5 million After the Company has earned-in 51% they have the option to acquire an additional 9% (bringing total interest to 60% by incurring an additional $5 million exploration expenditures and delivering a pre-feasibility study within 2 years. * Per Feb 9 LOI 5

6 Utah Pro-Mining & Wealth of Mineral Potential Home to Bingham Canyon, one of the world's most productive mines & most productive mining district in the US; also located in the Great Basin. Forbes Magazine ranked Utah as the best state in the nation for business in Consistently ranked near the top of Fraser Institute's Survey of Mining Companies Policy Potential Index. In Utah ranked 9th out of 96 governments and received top 10 scores in infrastructure (#1), taxation, environmental regulations, socio-economic factors, and trade, and is noted for its Streamlined permitting and review process. The USGS ranks Utah 7th in the nation in production of non-fuel minerals, Utah ranks 2 nd in copper production, 3 rd in Gold and Molybdenum. Qualified Drillers and experienced teams are readily available immediately, at very low Costs. Now is a Great Time to Drill in Utah and find a major new mine! 6

7 TK Project Location 7

8 Bingham Copper-Gold Deposit Model Barney s Canyon Gold Mine Melco Barney s Carr Fork Skarn Cu Stewart Au Bingham Cu 8

9 View of Thompson Knoll Porphyry Target from June 2015 Site Visit Panorama Of Porphyry Target, Looking North Crows Nest On Left And North Knoll On Right, Truck For Scale TK is DRIVE-TO, 30 minutes from Baker, NV

10 Comparison of Bingham Canyon Mine and Thompson Knolls Target Features Feature Bingham Canyon Thompson Knolls Copper Endowment (-2013) GIANT Not Known Yet Gold Endowment GIANT Au mineralization In Outcrops and Drillholes Silver Endowment GIANT Not Known Yet Molybdenum Endowment GIANT Not Known Yet Lead Endowment LARGE Not Known Yet Zinc Endowment LARGE Not Known Yet Size of trend 10 by 4 km 5 by 3 km Level of Exposure of Copper & Gold Systems TOP PART OF BINGHAM SOMEWHAT ERODED OFF PRESENT AT SURFACE and at 250 Foot Depth in Drillhole Open Pit Mine Target Depths YES Not Known Yet Vertical extent of mineralization > 2000 m > 175 m Number of deposits Known Mineralized Areas Gold grade range g/t Au 0-21 g/t Au Discovery drill hole 1 Square Mile of Ore at Surface 10 g/t Au and % Cu and 99 g/t Ag Geological setting Extensional Continental Platform Extensional Continental Platform Main host rocks to copper and gold mineralization, thickness, and age Stratabound, broad disseminated / skarn mineralization Upper Paleozoic platform dolomites, limestones, quartzites and siltstones, 2000 m YES, Carr Fork Cu and Pb-Zn Skarn and Disseminated and Barney's Canyon Stratabound Au Devonian-Mississippian platform dolomites, limestones, w/ local debris flow breccias, Unknown Thickness and Ages YES, Disseminated copper and gold (?) in Discovery Knoll drill holes Stacked mineralization YES YES, in the discovery drillhole Structures (fault conduits and fold hinge settings) Discrete fault intersections and feeders at Barneys and Melco, possible fold traps Possible local fault control of gold mineralization, not proven Large intrusions & age Large Granitic Stock, 37 Ma Not Proven, but likely, 37-38? Porphyry-Related Dikes YES YES Impermeable associated rocks Intrusions (e.g. Bingham stock) Not known Yet Development of breccias YES, Melco Mine and Barneys Canyon Mine fault breccias Locally in Devonian limerocks Carbonaceous unit or Mineralization YES at Melco Not known Yet Jasperoids (silicification) YES YES Decalcification YES YES Lamprophyre Dykes No No Temperature Porphyry / Hypothermal Porphyry / Hypothermal No-seeum gold YES YES Placer gold trails YES NO Low Ag:Au (<10:1) in Gold System YES YES Intrusive-Hosted Copper YES Not Known Yet Exoskarn Copper YES YES Potassic Alteration with Cu-Moly YES Not Known Yet Copper Shell YES Not Known Yet Lead-Zinc-Arsenic Halo YES YES Propylitic Alteration Halo YES YES Geochemical signature Cu-Mo-Au-Ag-Te-Pb-Zn-Bi-As-Sb-Ba-Hg-Tl Cu-Mo-Au-Ag-Te-Pb-Zn-Bi-As-Sb-Tl Associated or indicative minerals As_Pyrite-Marcasite-Cpy-Bn-Electrum- tennantite -chrysocollamalachite-barite-realgar-orpiment-thallium Sulfides Malachite-Galena-Sphalerite-Pyrite 10

11 Bingham Mine TK Comparison LEGEND Gold Mines Placer Au Mines B-1 Au Lead-Zinc Halo York Tunnel Au Lead-Zinc Mines Stewart Au Mine THOMPSON KNOLLS TARGET SIZE 11

12 Thompson Knolls Property Millard County, West- Central Utah, 229 miles from SLC by road 3,465 acres unpatented BLM claims & 2 SITLA Leases for 1 & 1/3 State Sections. West of the Confusion Range which hosts numerous gold-bearing jasperoids, including King s Canyon to the north, where two substantial gold deposits were drilled in the 1990s. Other mineralized areas in the vicinity include Boob's Canyon, the Silver Dream Mine, and Road Canyon. 12

13 Thompson Knolls Property Area Thompson Knoll -Looking NW 13

14 Thompson Knolls Target Areas PORPHYRY TARGET 2 X1.6 Miles In size HIGH-GRADE Au-Cu DRILLHOLE DISCOVERY KNOLL TARGET 14

15 E-W Model Section Thompson Knolls 15

16 Geophysics: Aeromagnetic Anomaly A subtle magnetic high on a Utah State aero-magnetic survey was found on the property by the USGS, and has long been considered to be an intrusive that is associated with the local area gold mineralization. Follow-up ground magnetic survey showed the magnetic high anomaly to be much stronger than thought, and outlines the Porphyry mineral target. 16

17 Geophysics: Ground Geophysics IP & Magnetic surveys completed Ground magnetic and IP surveys were carried out over the area to better define the aeromagnetic anomaly. This outlined a large area of high magnetic susceptibility, 3.2 km by 2.6 km in area. IP Response could indicate a Porphyry Copper system at shallow depths. This also could indicate an area of replacement or skarn Cu-Au-Ag mineralization, similar in type to the Phoenix mine or Bingham-Carr Fork- Melco-Barney s Canyon Cu-Au-Ag mine complexes in Nevada and Utah. New Drilling is planned to test the copper and gold targets on the Thompson Knolls property. GROUND MAGNETIC SURVEY 17

18 Past Drilling: Highest gold intercept reported in this part of Utah * 3,025 metres (9,925 ft.) of RC drilling (12 holes) completed by Centurion and Crown, including 10 holes south of Discovery Knoll and 2 holes at North Knoll. Best results from one hole S of Discovery Knoll returned 9.1 m of 8.23 g/t Au (0.24 oz/ton) and g/t Ag (2.3 oz/ton Ag) (hole depth ft) with g/t Au (0.615 oz/ton) over 3.05 m (10 ft) and a 6.9 m (20 ft), containing 0.28% Cu and g/t Ag (2.9 oz/ton Ag).. 5 vertical holes and 1 angle hole drilled within a radius of ft. around the foregoing hole also returned anomalous gold values and visual oxide copper mineralization to depths of up to 520 feet. * According to historical records BCM obtained Resources from - TK Option the USGS. 18

19 TK Target Summary Target is a Bingham Mine style, intrusive related mineral system. Exploration work to date includes Geochemical Sampling, Ground Magnetics and Gravity Surveys, and an Induced Polarization Survey. Drill-ready with drill plans approved by DOGM for 5 Pads.* *Permits subject to posting of bonds with BLM and State Of Utah???. 19

20 TK occurs in a highly mineralized area with several gold-silver deposits present! Thompson Knolls Property 20

21 Sampling & Geochemistry at Thompson Knolls Mapping and sampling of the Knolls revealed several structures with calcite, silicification, iron oxides, and galena, with trends similar to those found in the other mineralized areas nearby. Some of these structures are WNWtrending, similar to those at King s Canyon gold deposit. Geochemical samples from Thompson Knolls contain up to 0.77 g/t Au, 53.5 g/t Ag, 5.85% Pb, 0.63% Zn, 50 ppm Cu, 2020 ppm As, 166 ppm Sb, 89 ppm Mo, 7.6 ppm Tin, 1.78 ppm Tellurium, and up to 123 ppm Bismuth (porphyry geochemical indicator) 21

22 North Knoll Target Area Drill hole KC on road at yellow notebook. Rocks dip northeast, away from the main Porphyry Target (No. 1) which is situated to the west of this old drillhole (out of the boundaries of this photo). 22

23 North Knoll Fault Zone and Skarn Mineralization Brownish colored lead-zinc -gold-bismuth bearing gossan (skarn?), under the GPS. Later crosscutting fracturing and calcite-silica (gold?) mineralization (right-center). 23

24 High Grade Gold-Copper Intersected in Previous Drilling on TK Property A high-grade gold and copper zone was discovered in RC hole CKC by Centurion Mines in the Discovery Knoll target area. A 30 foot thick zone of gold mineralization was found at depths of metres ( feet), assaying 8.22 g/t Au (0.24 oz/ton Au) and g/t Ag (2.3 oz/ton Ag). A copper-silver zone was found in the same hole at metres ( feet), containing 0.28% Cu and g/t Ag (2.9 oz/ton Ag). The highest grade interval assayed g/t Au (0.615 oz/ton) over a 3.05 metre (10 foot thickness). Five close-spaced vertical drillholes and one angled hole around hole 10 did not extend the high-grade gold mineralization horizontally outward. The gold could be steeply-dipping in a fault zone that was missed by the step-outs. The copper-silver zone did spread out laterally, noted in holes peripheral to hold CKC Copper and minor gold mineralization was found in the six step-out holes, suggesting possible oxide porphyry copper-silver mineralization. If porphyry copper- or other gold-copper replacement mineralization is present, the great bulk of this could lie northward toward the magnetic high anomaly. This Porphyry target is large enough to hold a significant copper-gold deposit. A second target area is present SW of drillhole CKC-96-10, marked by a gravity high in the 2015 ground gravity survey. 24

25 High Priority Targets Porphyry / Skarn Target: Geophysical signatures within and near the broad magnetic high in the central property area are suggestive of the presence of porphyry and/or skarn base and precious metals mineralization. Two core holes have been recommended to test this 3.2 km by 2.6 km area. The depth to the target is unknown, but could be as shallow as 90 metres (300 ft). The 1996 drillholes at Discovery Knoll suggest the potential for manto/replacement or porphyry-style gold, copper and silver mineralization the property. It is almost completely untested by drilling. No holes have been drilled into the main Porphyry copper-gold-silver target area. Discovery Knoll gold target: The Discovery Knoll gold target area, located around hole CKC-96-10, shows high-grade gold mineralization in a RC drill hole that returned the highest grade gold intercept reported in this part of Utah, with a 9.1 metres (30 foot) intercept that assayed 8.23 g/t Au (0.24 oz/ton) and g/t Ag (2.3 oz/ton Ag). Six subsequent RC step-out holes suggested that the gold mineralization may be structurally controlled in a NW-trending fault system. This WNW-trending target zone could be up to 6 km long and 600 m wide. It has potential to yield a large gold deposit. Drillhole CKC-96-8 suggests the potential presence of stratabound, disseminated Carlin-style gold mineralization, as a +40 metre thick (140-foot) interval of low-grade gold mineralization was assayed by Centurion in this drillhole. No holes were drilled in 1996 to follow up on this target. Three inclined core holes, drilled perpendicular to the dominant WNW structural direction, have been recommended to test for continuations of the gold-silver and copper-silver-gold mineralization found in the original drillholes. 25

26 2016 Proposed Drillholes (1370 metres) (1370 metres) 26

27 Discovery Knoll Target Area Highly Altered fractured Limerocks Altered Rock White Zone 1996 Drillholes 27

28 North End Of Discovery Knoll, Looking Northeastward Toward North Knoll Target Altered, fractured, and calcite veined light gray limestone/dolomite unit in foreground. Could be alteration related to a porphyry system. 28

29 Discovery Knoll, South End Au-Cu-Ag mineralized Centurion drillholes area in foreground. 29

30 Discovery Knoll Au-Cu-Ag Target Area Highly Altered Fractured Limerocks Iron Oxide Bands Along Layers of Limerocks 1996 Drillholes oz/t Au oz/t Ag, % Cu 30

31 Discovery Knoll Mineralization Dolomite breccia unit, above hammer. Dgu Guilmette Formation dolomite and limestone beds, with altered, decalcified matrix, and later calcite veining and breccia infill. If this is a sedimentary debris flow, it would be a very favorable replacement host. The other alternative is that the breccia was formed by hydrothermal alteration, perhaps associated with the gold-silver-copper mineralization found at a 250 foot depth in nearby drillhole CKC

32 Discovery Knoll Debris flow (?) dolomite unit. Vertical close spaced WNW fracturing and alteration. Fractures striking northward into the Porphyry target area to north. 32

33 QP The information contained herein, has been reviewed for accuracy, verified and approved by Richard R. Redfern, consultant to Inland Explorations & VP Exploration of BCM Resources Corporation, and a Qualified Person as defined by National Instrument

34 Unlocking the Vast Mineral Potential of Utah s Great Basin Tel: Toll Free (N.A.): info@bcmresources.com 34

35 Appendices 35

36 N-S Model Section B-B Thompson Knolls 36

37 Drill Section C-C Thompson Knolls 37