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LM Property
A new Nickel-Copper-PGM
discovery in the
Upper Peninsula of Michigan
51% Bitterroot Resources Ltd.
49% Below Exploration Inc.
Mr. Glenn W. Scott, CPG, is the Qualified Person responsible for the technical content
of this slide presentation.
April 13, 2021
Forward Looking Statements
Certain statements contained in this slide presentation may constitute forward-looking
statements under securities legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as “expects” or “it is expected”, or
variations of such words and phrases or statements that certain actions, events or results “will”
occur. This document contains statements about expected or anticipated future events and/or
financial or exploration results that are forward-looking in nature and as a result, are subject to
certain risks and uncertainties, such as general economic, market and business conditions,
regulatory processes and actions, technical issues, new legislation, competitive conditions, the
uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected
events and the company’s ability to execute and implement its future plans. Actual events may
differ materially from those projected in the forward-looking statements. When relying on
forward-looking statements to make decisions, investors and others should carefully consider
the foregoing factors and other uncertainties and should not place undue reliance on such
forward-looking statements. The Company does not undertake to update any forward-looking
statements, except as may be required by applicable securities laws. For such forward-looking
statements, we claim the safe harbour for forward-looking statements within the meaning of
the Private Securities Legislation Reform Act of 1995.
LM Property – Location
LM Property
Eagle Mine
Sudbury Smelters
are 600 km east
via railroad
Target
Conduit-hosted Nickel-Copper-PGM
in massive and semi-massive
sulphides
100 km to Eagle Mine’s mill
(same distance as Eagle Mine)
Regional Geology
= Nickel-Copper-PGM Mineralized Intrusions
Eagle Mine
LM Property vs Eagle and Eagle East
Eagle Mine 2020 cash costs = US$0.10/lb Ni, net of credits
Halo of disseminated Cu-Ni
Sulphides in Peridotite
around orebody
LM Property -
Postulated Erosional
Level
Eagle East - Probable Ore Reserves 1,544,000 tonnes @ 3.7% Ni, 3.0% Cu and 2.5 g/t PGMs+Au
Sources – Lundin Mining Corp, NI 43-101 Reports dated 2013-07-26 and 2017-04-26
Eagle - Probable Ore Reserves
5,180,000 tonnes @ 2.9% Ni, 2.5% Cu
and 1.3 g/t PGMs+Au
Mineralized drill intervals
in LM 21-07
From
(m)
To
(m)
Interva
l (m)
Rock Type
Ni
(%)
Cu
(%)
Au +
PGM
(ppm)
270.07 272.19 2.12 Peridotite 0.54 0.74 0.24
272.19 272.27 0.08 Massive sulphide clast* 7.13 7.91 0.63
272.27 273.00 0.73 Peridotite 0.75 0.32 0.22
273.00 273.75 0.75 Semi-Massive Sulphide 5.16 1.18 0.82
*included in disseminated
mineralized interval
True Thickness of Mineralized Intervals
in LM 21-07
LM 21-07: Estimated True Thickness of
Mineralized Intervals
Interval
(m)
Rock Type
Ni
(%)
Cu
(%)
Au + PGM
(ppm)
2.79
Upper Disseminated Mineralization -
Est. True Thickness
0.78 0.83 0.25
0.71
Semi-Massive Sulphide –
Est. True Thickness
5.16 1.18 0.82
3.50 TOTAL TRUE THICKNESS 1.67 0.90 0.36
Ni-Cu-PGM Sulphide Mineralization
in LM 21-07
Semi-Massive mineralization
grades 5.16% Ni, 1.18% Cu
over 0.71 metres
Rip-up Clast
grades 7.13% Ni, 7.91% Cu
over 8 cm sample
Sulphides - high metal tenor
CONFIRMED in LM 21-07
Based on the disseminated sulphides intersected
in hole LM 20-01, the grade of 100% (massive)
sulphide mineralization is estimated to be;
7% nickel,
8% copper and
3-4 g/t PGMs
Ni-Cu-PGM Mineralization in LM 21-10,
assays pending
9-10% Blebby Sulphides in LM 21-10
Blebby Sulphides
Semi-Massive Sulphides
LM Intrusion – View From Above
100 m
100 m
100 m
LM Intrusion 3-D Animation
LM Intrusion – Note flattening of basal contact
Plan View ~70 metres Above Intrusion’s Keel
Plan View ~20 metres Above Intrusion Keel
4.8 metres @ 0.58% Ni,
0.62% Cu in 3-4%
Disseminated sulphides 2.1 metres with
9-10% Blebby sulphides
Assays pending
Semi-Massive sulphides
0.71 metres @ 5.16% Ni, 1.18% Cu
Disseminated sulphides
2.79 metres @ 0.78% Ni, 0.83% Cu
Go South !!
Minor disseminated sulphides,
exited intrusion 20 metres higher
Increasing sulphide
content and grade
Ground Magnetic Survey
Current LM
Drill holes
+ 600
metre-long
Magmatic
Conduit
Target
Bedded Pyrrhotite
in seds
Mag
Target #2
Mag
Target #1
LM 21-07
Exciting new targets
remain to be tested
later in 2021, after
spring break-up.
LM Conduit - Target Footprints
+ 600 metre-long
Magmatic
Conduit Target
Magnetic
Target #2
Magnetic
Target #1
Recent Drilling
Eagle = 365 m x145 m Eagle East = 457 m x 73 m
400 metres
Magnetic Target #3
The Next Steps
• Receive assays from LM 21-10
• Resume drilling in late May
• Continue land acquisition and
consolidation
Contact Information
Michael Carr, CEO
Tel. 604 922 1351
Email infoman@bitterrootresources.com
Symbol – BTT on the TSX Venture Exchange
67,724,556 shares issued,
82,464,956 shares fully diluted

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New Nickel-Copper-PGM Discovery in Michigan's Upper Peninsula

  • 1. LM Property A new Nickel-Copper-PGM discovery in the Upper Peninsula of Michigan 51% Bitterroot Resources Ltd. 49% Below Exploration Inc. Mr. Glenn W. Scott, CPG, is the Qualified Person responsible for the technical content of this slide presentation. April 13, 2021
  • 2. Forward Looking Statements Certain statements contained in this slide presentation may constitute forward-looking statements under securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects” or “it is expected”, or variations of such words and phrases or statements that certain actions, events or results “will” occur. This document contains statements about expected or anticipated future events and/or financial or exploration results that are forward-looking in nature and as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, regulatory processes and actions, technical issues, new legislation, competitive conditions, the uncertainties resulting from potential delays or changes in plans, the occurrence of unexpected events and the company’s ability to execute and implement its future plans. Actual events may differ materially from those projected in the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, except as may be required by applicable securities laws. For such forward-looking statements, we claim the safe harbour for forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995.
  • 3. LM Property – Location LM Property Eagle Mine Sudbury Smelters are 600 km east via railroad
  • 4. Target Conduit-hosted Nickel-Copper-PGM in massive and semi-massive sulphides 100 km to Eagle Mine’s mill (same distance as Eagle Mine)
  • 5. Regional Geology = Nickel-Copper-PGM Mineralized Intrusions Eagle Mine
  • 6. LM Property vs Eagle and Eagle East Eagle Mine 2020 cash costs = US$0.10/lb Ni, net of credits Halo of disseminated Cu-Ni Sulphides in Peridotite around orebody LM Property - Postulated Erosional Level Eagle East - Probable Ore Reserves 1,544,000 tonnes @ 3.7% Ni, 3.0% Cu and 2.5 g/t PGMs+Au Sources – Lundin Mining Corp, NI 43-101 Reports dated 2013-07-26 and 2017-04-26 Eagle - Probable Ore Reserves 5,180,000 tonnes @ 2.9% Ni, 2.5% Cu and 1.3 g/t PGMs+Au
  • 7. Mineralized drill intervals in LM 21-07 From (m) To (m) Interva l (m) Rock Type Ni (%) Cu (%) Au + PGM (ppm) 270.07 272.19 2.12 Peridotite 0.54 0.74 0.24 272.19 272.27 0.08 Massive sulphide clast* 7.13 7.91 0.63 272.27 273.00 0.73 Peridotite 0.75 0.32 0.22 273.00 273.75 0.75 Semi-Massive Sulphide 5.16 1.18 0.82 *included in disseminated mineralized interval
  • 8. True Thickness of Mineralized Intervals in LM 21-07 LM 21-07: Estimated True Thickness of Mineralized Intervals Interval (m) Rock Type Ni (%) Cu (%) Au + PGM (ppm) 2.79 Upper Disseminated Mineralization - Est. True Thickness 0.78 0.83 0.25 0.71 Semi-Massive Sulphide – Est. True Thickness 5.16 1.18 0.82 3.50 TOTAL TRUE THICKNESS 1.67 0.90 0.36
  • 9. Ni-Cu-PGM Sulphide Mineralization in LM 21-07 Semi-Massive mineralization grades 5.16% Ni, 1.18% Cu over 0.71 metres Rip-up Clast grades 7.13% Ni, 7.91% Cu over 8 cm sample
  • 10. Sulphides - high metal tenor CONFIRMED in LM 21-07 Based on the disseminated sulphides intersected in hole LM 20-01, the grade of 100% (massive) sulphide mineralization is estimated to be; 7% nickel, 8% copper and 3-4 g/t PGMs
  • 11. Ni-Cu-PGM Mineralization in LM 21-10, assays pending
  • 12. 9-10% Blebby Sulphides in LM 21-10 Blebby Sulphides Semi-Massive Sulphides
  • 13. LM Intrusion – View From Above 100 m
  • 14. 100 m 100 m LM Intrusion 3-D Animation
  • 15. LM Intrusion – Note flattening of basal contact
  • 16. Plan View ~70 metres Above Intrusion’s Keel
  • 17. Plan View ~20 metres Above Intrusion Keel 4.8 metres @ 0.58% Ni, 0.62% Cu in 3-4% Disseminated sulphides 2.1 metres with 9-10% Blebby sulphides Assays pending Semi-Massive sulphides 0.71 metres @ 5.16% Ni, 1.18% Cu Disseminated sulphides 2.79 metres @ 0.78% Ni, 0.83% Cu Go South !! Minor disseminated sulphides, exited intrusion 20 metres higher Increasing sulphide content and grade
  • 18. Ground Magnetic Survey Current LM Drill holes + 600 metre-long Magmatic Conduit Target Bedded Pyrrhotite in seds Mag Target #2 Mag Target #1 LM 21-07 Exciting new targets remain to be tested later in 2021, after spring break-up.
  • 19. LM Conduit - Target Footprints + 600 metre-long Magmatic Conduit Target Magnetic Target #2 Magnetic Target #1 Recent Drilling Eagle = 365 m x145 m Eagle East = 457 m x 73 m 400 metres Magnetic Target #3
  • 20. The Next Steps • Receive assays from LM 21-10 • Resume drilling in late May • Continue land acquisition and consolidation
  • 21. Contact Information Michael Carr, CEO Tel. 604 922 1351 Email infoman@bitterrootresources.com Symbol – BTT on the TSX Venture Exchange 67,724,556 shares issued, 82,464,956 shares fully diluted