ENVISION THIS 21st CENTURY SCENARIO…

Two major critical minerals mines operating hand-in-hand with a state-of-the-art carbon capture and storage facility, all situated within the bounds of a single contiguous property. Together, they create a combined carbon-neutral emissions footprint, fully supported by a unified infrastructure.

BC Mining Properties firmly believes that such possibilities are not only conceivable but achievable within the realm of the MAC Property.

MAC PROPERTY

248 kt - Molybdenum, Copper deposit

Awaruite Nickel prospect

Carbon Capture & Storage (CCS) potential

There are two primary deposit types located on the MAC Property;

The 1st is Nickel-Iron (Ni-Fe) alloy (awaruite) hosted in serpentinized ultramafic rocks located immediately west of FPX Nickel’s mineral claims which host the Baptiste/ Decar Nickel deposit. The Baptiste Deposit is considered to be one of the largest nickel resources in the world. 

In 2012, highly anomalous levels of ultramafic rocks hosting nickel and chrome were discovered on the MAC Property. In 2021, nickel-bearing zones spanning across the property along a northwest-trending magnetic feature in ultramafic rocks covering an area of approximately 5800 ha (14,332 acres) and a strike length of over 16 km. Rock samples returned values up to 0.37% Nickel, 0.32% Chromium, and 150 ppm Cobalt with 138 of the 177 samples returning over 0.1% Nickel and 123 of the 177 samples returning over 0.1% Chromium.

In August (2023), of 57 rock samples collected on the MAC Nickel claims, nineteen (19) returned assays above 2000 ppm (0.2% Ni), with a high of 2600 ppm (0.26%). Another sample recorded 26.3% Magnesium, while 18 others recorded levels greater than >23% Mg. All samples exceeding a 2000 ppm (0.2%) Ni threshold also displayed anomalous levels of Cobalt to 140 ppm (0.014%), and Chrome to 2211 ppm (0.221%), which reinforces the potential for multi-element mineral deposits. 

The 2nd deposit type is Molybdenum-Copper (Mo-Cu) porphyry mineralization in monzonite stock with quartz stockwork veins.

In May 2012, an NI 43-101 Resource Estimate was completed for the MAC Property’s Camp Zone. The 2012 (“historic”) (NI) 43-101 compliant Resource Estimate for the Mac Property highlighted the following resource:

Indicated Resource: 70,360,000 tonnes grading 0.063% Mo and 0.1% Cu, containing 97.739 million lbs. of Mo and 155.139 million lbs. of Cu

Inferred Resource: 177.934 million tonnes grading 0.042 % Mo and 0.05% Cu, containing 164,778 million lbs of Mo and 196.169 million lbs of Cu, calculated using a 0.035 % molybdenum cut-off grade.

WHAT’S NEXT?

• Complete delineation drilling at the Camp Zone, including drilling across the quartz monzonite stock between the East and Northwest contact zones. This will also bring much of the 177.934 million tonne Inferred Resource into the Indicated category.

• Expanding drilling coverage at the Camp Zone to step-out and off-set drilling of unconstrained intercepts, particularly to the South and to depth on both the East and Northwest contact zones.

• Carry out a proposed (HIGH PRIORITY) 10-hole drill program near the Peak Zone where geochem has outlined a 1.8 km area along the contact of an intrusive 20x larger than the Camp Zone intrusive.

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LARA VMS DEPOSIT

BC Mining Properties is focused on the Noranda/Kuroko massive sulphide Cu-Pb-Zn deposit type on the Lara Property;

The Lara Property is located on Southern Vancouver Island, about 75 km north of Victoria, BC. The advanced project hosts a copper-lead-zinc-gold-silver deposit in a highly prospective region for targeting stratabound high-grade volcanogenic massive sulphide (VMS) deposits with the emphasis being on zinc in particular. In 2008, a 43-101 Resource Estimate was completed. The current resource estimate is based on the Coronation Trend, which includes the Coronation Zone, the Coronation Extension and the hanging wall deposit. The Indicated Resource Estimate for a 1% zinc block cut-off, contains approximately 1,146,700 tonnes, with an average grade of 3.01% zinc, 32.97 g/t silver, 1.05% copper, 0.58% lead, and 1.97 g/t gold. At the same cut-off percentage, the Inferred Resource Estimate is thought to contain another 669,600 tonnes, with an average grade of 2.26% zinc, 32.99 g/t silver, 0.90% copper, 0.44% lead, 1.90 g/t gold.

BC Mining Properties believes the possibility exists for Lara to be fast-tracked toward production. Previous metallurgical test work and past discussions with Operational staff at Trafigura Mining’s facility Myra Falls Mine, has determined if ore from the Lara deposit were to be shipped to Myra for processing, no significant adjustments would be required to its milling practices. In addition, ore could potentially be blended with material from the Myra mine. Because Myra Falls Mine and Mill is currently in a Care & Maintenance mode, we feel this could be turned into an opportunity to play a part in the long-term operational restructuring of the mine. The thinking is if a plan could be put in place to help increase the mine’s utilization, it could help to improve the confidence, viability, and sustainability of the mine and its employees.

Metal Content based on Initial Resource Estimate

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MAY & JENNIE GOLD

Despite an Indicated Resource of 80,000 tonnes @ 8.57 gpt Au (21,094 oz) blocked out in the late 1800s, the deposit was never mined. In 1986 Player Resources exposed mineralization at surface for 345m. 

In 2018, BC Mining Properties exposed mineralization on the May & Jennie mineral leases for approximately 600m at surface where it remains open in three directions.

Underground, mineralization varies from 1.52m to 7.32m wide for an average width of 4.25m and depth of at least 71.6m according to historical reports.

The May & Jennie gold mineralization has always been interpreted as a vein deposit.  BC Mining Properties believes that the May & Jennie mineralization may be part of a stratabound deposit pushed into multiple vertical folds, spaced approximately 80m apart.  If this holds, it sets the stage for the possibility of a much larger deposit than would otherwise be the case.

Assuming the mineralization averages a 1-meter width, to a depth of 200m, the existing resources will exceed 106,000 ounces of gold. At 4m width (which is less than the average width according to historical reports) the numbers equate to approximately 424,000 ounces of gold at 10 gpt Au.  

The property is permitted through the 2024 Mining Season for drilling and trenching along with the removal of up to 925 tonnes. Approximately 75 tonnes have been removed to date averaging more than an estimated 10 gpt Au +/- with a single pass of grinding and processing through a Falcon 400 concentrator with approximately 50% recovery. Much of May & Jennie’s gold is retained in black sand (magnetite) which was not processed or smelted.  A one-gallon pail of this black sand assayed 256 gpt (8.23 opt) Au. 

The Red Top is an important 2nd wave (possible fold) of mineralization comprised of a low-grade structure located above the May & Jennie and has been interpreted to extend > 44m +/- wide. Depth is undetermined because of poor exposure and limited work. If the structure strikes as interpreted from a 1984 VLF geophysical survey, and extends to 200m in depth, the area could easily double the current May & Jennie gold resource.

A recent assay taken from the Upper Red Top returned 5.373 gpt Au, 927 ppm W, 301 ppm Co, 29.82% Fe, 17ppm Bi.  A second assay from the same 631-gram sample returned 1.879 ppm Au indicating the presence of nugget-effected free gold. The VLF geophysical survey seen on the next page, also indicates the possibility the structure may be of significant size.

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BONAPARTE GOLD

Bonaparte Mine Portal - Circa 2015

BC Mining Properties is focused on two deposit types within the Bonaparte Property;

The 1st is Copper-Gold (Cu-Au) Porphyry. BC Mining Properties believes that the potential of Bonaparte may never be fully realized until it can be explored for its Cu-Au porphyry potential through drilling.

Initial sampling and analysis indicate copper in higher grades and proportions than typically discussed in historical reports. The theory is the copper and gold seen in the younger, upper quartz system had to come from somewhere and may have been leached from a large (high-grade) porphyry system seen at depth in geophysics before being emplaced alongside and atop to form the younger Discovery Zone.

This is supported by compelling geophysical data indicating a large intrusive body at depth with the attributes of a classic porphyry, located approximately 1 km South x Southeast of the original Discovery Zone. A smaller zone also appears below the original Discovery Zone at depth. The data indicates the larger southerly body begins near the surface and gradually increases in size to approximately 3 km wide x 2 km length at approximately 275m depth then gradually decreases in size to a depth of approximately 500m, which is the extent of the data.

The 2nd deposit type is Shear-Hosted Gold (Au) in Quartz Veins;

Bonaparte has been explored for high-grade gold resulting in two bulk sample programs both intended to effectively high-grade gold from 8 quartz veins near the surface. Approximately 103 kg of gold has been recovered from 4064 tonnes milled (25.58 g/t Au). Many anomalous zones and features for Discovery Zone style gold vein targets extending south and east underlying historical geochemical and geophysical results completed in 2013/14, all remain unexplored. In 2015, the first drill hole drilled outside of the Discovery Zone intersected a 1.0m interval of 7.88 gpt/Au and has also never been followed up with additional drilling. This newly discovered vein (#9) and intersection attest to the potential of discovering additional gold-bearing quartz veins along the Cooler Creek trend.

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