Precious Metals

Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the "Company" or "Benchmark") is pleased to announce new results from a series of drill holes at the AGB zone that have returned from surface up to 122.00 metres (m) of 1.30 grams per tonne (gt) gold and 32.16 gt silver or 1.70 gt gold equivalent* (AuEq) including 54.00 m of 2.22 gt gold and 42.08 gt silver or 2.74 gt AuEq. These broad zones of mineralization are 175 metres south of any historical underground workings at AGB. Drilling to date has now outlined near surface gold-silver mineralization over a 650+ m strike length and to 270 m vertical depth. Benchmark's flagship Lawyers Gold-Silver Project is road accessible and located within the Golden Horseshoe area of north-central British Columbia, Canada.

John Williamson, CEO, commented, "The AGB zone continues to deliver exceptional results from surface, while delivering continuity and consistent grade down to over 270 metre vertical depth. This growing zone has the potential to provide open-pitable gold and silver ounces that will add substantial ounces to the upcoming Mineral Resource Estimate. The Company awaits additional results from AGB that could increase the total tonnage in this zone. This area still remains open in all directions for expansion drilling in 2021."

Drill holes 20AGBDD0045/46/47 were designed to infill and test the continuity of mineralization at the southern extent of the AGB zone. Two of these holes (20AGBDD045/46) were testing the upper shallower part of the mineralizing system and intersected broad zones of bulk-tonnage mineralization from surface (Table 1). Drill hole 20AGBDD047, on the same section was testing the deeper extent of this zone, below the 2019 exploration modelled pit shell (Figure 2). Both bulk-tonnage and high-grade mineralization were intercepted in this hole including, 55.00 m of 1.61 g/t gold and 14.04 g/t silver or 1.79 g/t AuEq and 1.00 m of 31.40 g/t gold and 17.95 g/t silver or 31.62 g/t AuEq. Collectively these strong results confirm the southern extent of the AGB zone has a broad envelope of mineralization that extends from surface to depth and remains open.

Table 1: Drill Results Summary from the AGB Zone. Drill holes are organized from south to north with reference to Figure 1.

Hole ID
From (m)To (m)Interval (m)Au (ppm)Ag (ppm)Au eq (ppm)
20AGBDD029
167.00201.0034.001.0140.811.52
incl 178.41182.103.698.39183.4510.68
incl 178.41180.311.9013.77222.6616.55
20AGBDD031105.00126.0021.000.1327.100.47
20AGBDD045
3.0074.8571.851.2136.401.66
incl 16.9524.007.051.8336.632.29
incl 19.1121.001.893.6937.514.15
incl 42.6153.0010.393.4852.424.13
incl 42.6143.400.796.7773.707.69
and51.0053.002.007.5950.508.22
20AGBDD046
3.00125.00122.001.3032.161.70
incl 35.0089.0054.002.2242.082.74
incl 36.0037.001.0014.2550.9014.89
and46.0052.006.003.5072.414.40
and62.0082.0020.002.8137.593.28
and106.40108.001.604.8212.614.98
incl 50.0051.001.006.2838.406.76
incl 79.0081.002.007.66107.108.99
20AGBDD047
121.00176.0055.001.6114.041.79
incl 146.00158.0012.003.6515.803.84
and172.00173.001.0031.4017.9531.62
incl 152.00153.001.0018.1513.8518.32

 

* Gold equivalent (AuEq) calculated using 80:1 silver to gold ratio.
** Intervals are core-length. True width is estimated between 80 to 90% of core length.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/6169/76708_6e089dc364fd2af7_001.jpg

Figure 1 - AGB Plan Map with 2020 Drillhole Collars

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6169/76708_6e089dc364fd2af7_001full.jpg

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/6169/76708_6e089dc364fd2af7_002.jpg

Figure 2 - AGB Zone cross section

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6169/76708_6e089dc364fd2af7_002full.jpg

Quality Assurance and Control

Results from samples were analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). The sampling program was undertaken by Company personnel under the direction of Rob L'Heureux, P.Geol. A secure chain of custody is maintained in transporting and storing of all samples. Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (+10 g/t Au). Analysis by four acid digestion with 48 element ICP-MS analysis was conducted on all samples with silver and base metal over- limits being re-analyzed by atomic absorption or emission spectrometry. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc, P.Geol., P.Geo., a qualified person as defined by National Instrument 43-101.

About Benchmark Metals

Benchmark Metals Inc. is a Canadian mineral exploration company focused on proving and developing the substantial resource potential of the Lawyer's Gold-Silver Project, located in the prolific Golden Horseshoe of northern British Columbia, Canada. The Company trades on the TSX Venture Exchange in Canada, the OTCQX Best Market in the United States, and the Tradegate Exchange in Europe. Benchmark is managed by proven resource sector professionals, who have a track record of advancing exploration projects from grassroots scenarios through to production.

Benchmark is part of the Metals Group of companies, managed by an award-winning team of professionals who stand for technical excellence, painstaking project selection and uncompromising corporate governance, with a proven ability to capitalize on investment opportunities and deliver shareholder returns.

www.metalsgroup.com

ON BEHALF OF THE BOARD OF DIRECTORS

s/ "John Williamson"
John Williamson, Chief Executive Officer

For further information, please contact:
Jim Greig
Email: jimg@BNCHmetals.com
Telephone: +1 604 260 6977

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/76708

News Provided by Newsfile via QuoteMedia

airborne geophysical surveys for geological mapping

Spruce Ridge Completes Airborne Survey over "Foggy Pond" Gold Property

(TheNewswire)

Spruce Ridge Resources Ltd

The newly acquired claims cover a large, previously unexplored area underlain by Lower Paleozoic siliciclastic rocks, similar to those hosting recently discovered gold deposits on the Queensway Project of New Found Gold Corp. and the Moosehead Project of Sokoman Minerals Corp. Re-interpretation of province-wide airborne magnetic data has indicated previously undocumented structural complexity, including a regional-scale fold and possible crustal-scale fault structures like the structures that are now known to localize gold mineralization in Central Newfoundland. The fold feature may cause the mineralized horizon containing the Great Burnt copper deposit and the South Pond gold and copper-gold zones to be repeated on a western limb. Local magnetic anomalies have been interpreted as possible ophiolite slivers along a northeast-trending structure that may be like the GRUB line crossing New Found Gold's property.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less

Spruce Ridge Begins Magnetic Gradiometer Survey Over Recently Acquired Property in Newfoundland

(TheNewswire)

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
copper metal

Updated Nifty Copper Mineral Resource Estimate

Cyprium Metals Limited (ASX: CYM) (“Cyprium” or the “Company”) is pleased to announce the Company’s maiden Mineral Resource estimate (MRE) for the Nifty copper deposit following the completion of the acquisition of the Paterson Copper Project in March 2021. Cyprium’s previously disclosed estimate for Nifty was based on a review of the estimate disclosed by the former owner of the project at 31 December 2019.

Keep reading...Show less

Spruce Ridge Announces Completion of Dividend-in-kind of Shares of Canada Nickel Company

(TheNewswire)

Spruce Ridge Resources Ltd

Immediately prior to the completion of the Dividend, Spruce Ridge held, directly or indirectly, 8,100,000 CNC Shares, representing on a non-diluted and partially diluted basis approximately 9.15% of the CNC Shares then issued and outstanding.  Following the completion of the Dividend, Spruce Ridge held, directly or indirectly, 5,594,995 CNC Shares, representing on a non-diluted and partially diluted basis approximately 6.33% of the CNC Shares then issued and outstanding. As such, Spruce Ridge is no longer an insider of Canada Nickel Company under applicable securities laws.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
black swan project

Black Swan Restart Project Update

Poseidon Nickel (ASX: POS) (“Poseidon”, “the Company”)is pleased to provide its first update on the Black Swan 1.1Mtpa “Fill the Mill” project and the Bankable Feasibility Study process.

Keep reading...Show less
"e-tech resources"

Drilling Underway At Vranso Project, Burkina Faso

Arrow Minerals Limited (Arrow or the Company) is pleased to report a 6,000m reverse circulation (RC) drilling programme has commenced at the Vranso Project, Burkina Faso.

Keep reading...Show less

Latest Press Releases

Related News

×