Benchmark Advancing New Targets to the Drill-Ready Stage at Its Gold Silver Project
Benchmark Advancing New Targets to the
Drill-Ready Stage at Its Gold Silver Project
Edmonton, Alberta--(Newsfile Corp. - July 21, 2022) -
Benchmark Metals Inc.
(TSXV: BNCH) (OTCQX:
BNCHF) (WKN: A2JM2X)
(the "
Company
" or "
Benchmark
") - is pleased to provide an update on
exploration drill target planning near the Kodah and Round Mountain occurrences, located in the
northwest portion of the Lawyers Gold-Silver project. High-grade gold and silver rock grab samples and
kilometre-scale soil geochemical anomalies are robust areas of interest that are currently being
advanced to the drill-testing stage with the collection of high-resolution ground magnetics and additional
rock grab sampling and mapping. The Lawyers Gold-Silver project is located within a road-accessible
region of the prolific Golden Horseshoe area of north-central British Columbia, Canada.
John Williamson, CEO commented, "The Kodah and Round Mountain targets represent additional
exciting opportunities for new discoveries that have never been drill-tested. The robust soil anomalies
and excellent precious metals grades in rock grab sampling over these areas have strong similarities to
the geochemical signatures at the existing, large deposits at the Lawyers Gold-Silver Project. We look
forward to completing the final ground magnetics and prospecting passes at Kodah and Round
Mountain to finalize high-confidence drill targets. In addition, the Company is quickly advancing on its
Preliminary Economic Assessment (PEA), due for imminent, near-term publication. Benchmark has
advanced technical and engineering drilling in progress towards its Feasibility Study for 2023."
Kodah-Round Mountain Target Area Highlights
Robust soil anomalies in gold, silver, and pathfinder elements associated with epithermal-style
mineralization, some of which have a kilometre-scale anomaly footprint (Figure 1).
Similar geochemical signature to soil anomalies typical of the Lawyers project resource
areas.
High-grade historical grab sampling, including
29.14 g/t Au and 2125.7 g/t Ag or 55.71 g/t
AuEq*
,
26.06 g/t Au and 2142.9 g/t Ag or 52.85 g/t AuEq
, and
18.86 g/t Au and 1508.5 g/t Ag
or 37.72 g/t AuEq
.
The Company is currently completing the final stages of data collection over these areas prior to
finalizing drill targets.
Ground magnetics and bedrock mapping are ongoing in these areas and are expected to
resolve important structural controls prior to drill-testing.
474 infill soil samples and 34 rock grabs have been collected to further refine 2021 soil
anomalies.
These targets have never been drill-tested and have strong discovery potential to add additional
gold-silver ounces to the global resource at Lawyers.
The Company is currently completing ground-based magnetics, bedrock mapping and additional rock
prospecting in the Kodah and Round Mountain occurrence areas to further develop prospective drill
targets. Preliminary results in the ongoing ground magnetics survey indicate several major north and
northwest-trending structures converging over areas of coincident mapped alteration and soil anomalies.
These areas have seen no drilling and represent an exciting opportunity for additional discoveries within
the Lawyers project area, accessible via the newly upgraded ring road and less than five kilometres from
the existing Cliff Creek, AGB, and Dukes Ridge-Phoenix deposits.
Figure 1:
Plan map of the Kodah-Round Mountain target area, with rock grab sampling and contoured
AuEq-in-soils data displayed.
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/6169/131505_01296e954442bba2_001full.jpg
Figure 2:
Rock grab sample photographs from Kodah-Round Mountain prospecting.
A. Silicification and vuggy quartz veining with associated fine-grained pyrite in a feldspar phyric
andesite. B. Strongly silicified feldspar phyric andesite with fine-grained pyrite and other sulphides.
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/6169/131505_01296e954442bba2_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 based gold and silver company advancing its 100% owned
Lawyer's Gold-Silver Project located in the prolific Golden Horseshoe of northern British Columbia,
Canada. The Project consists of three mineralized deposits that remain open for expansion, in addition
to +20 new target areas along the 20 kilometre trend. 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.
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:
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.
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