Alacrán

Alacrán Project (BRI 100%): Silver-Gold-Copper

The Alacrán Project is located 15 km south of the mining city of Cananea, Sonora, Mexico, and 50 km south of the international border with the US (Figure1). The project consists of 21 mining concessions totaling 5,433 hectares, and four main target types are identified within the Project area (Figure 2):

• High sulfidation epithermal gold and silver mineralization at the Mesa de Plata and Loma Bonita deposits, which are projecting southwards into Puerto de Oro and San Simón extensions generating a 1.4km-long trend of continuous exposures.
• Sub-epithermal mineralization at the Santa Bárbara and Nueva Ventura vein systems, developing up to 40km cumulative strike length of sub-vertical quartz veins and vein breccias, hosting more than 25 significant old workings including the historical flotation and tailings facility of the Palo Seco Vein.
• Porphyry-copper mineralization at the Cerro Alacrán target, consisting of outcropping copper-gold mineralization historically known as the most geologically-developed porphyry copper center along the Cananea Porphyry Belt.
• Mixed porphyry-style and high sulfidation epithermal mineralization at the Gregors prospect, which exhibits structural and lithological control with copper gold mineralization.

A drilling campaign consisting of 2,031m performed in 2023 successfully improved the geological understanding and demonstrated southward continuity of the Mesa de Plata and Loma Bonita deposits, as projected into Puerto de Oro and San Simón extension targets. Some highlights of this drilling program are the following:

• BSS-23-005: intersected 51m @ 1.49 AuEq starting at 1.5 meters depth.

Including 15m @ 3.42 AuEq, from 10.5 to 25.5 meters.

• BSS-23-007: intersected 16.5m @ 2.26 AuEq starting at 25.5 meters depth.

Including 3m @ 10.03 AuEq, from 33 to 36 meters.

• BSS-23-008: intersected 27m @ 0.56 AuEq, starting at 90 meters depth.

Including 3m @ 2.41 AuEq, from 108 to 111 meters.

With the recent discovery of the Nueva Ventura vein system, Bendito performed a surface mapping and sampling program in the southeastern corner of the property, which revealed sustained continuity, average vein thickness of ~3 meters, and multiple underground workings historically developed during early 1900, which mined bonanza grades that were processed in the flotation facility located along the Palo Seco Vein and operated by Anaconda Copper Company. Highlights of this sampling and location of main veins are shown in Figure 3.

Bendito Resources is focused on developing a maiden mineral resource of gold and silver contained in the high-sulfidation mineralized system and generate drill-ready segments within the Nueva Ventura vein system for both open pit and underground mining potential. A 43-101 Technical Report voluntarily filed in May 2023 outlines historical exploration and mineral resource estimates, as well as exploration potential unlocked by Bendito’s focused strategy.

*All the “Historical Estimates” will be preserved as it is, but title to be changed to “Historical Mineral Resource Estimates”

FIGURE 1. PROPERTY LOCATION ALONG THE CANANEA PORPHYRY TREND.

FIGURE 2. TARGET TYPES AND ITS LOCATION WITHIN THE EL ALACRÁN PROJECT.

FIGURE 3. Major veins identified to date in the Nueva Ventura sub-epithermal vein system. White boxes are historical samples; orange boxes are Bendito’s samples taken during 2023 mapping campaign.