Benchmark Begins Drilling at Marmot Gold- Silver Target
Benchmark Begins Drilling at Marmot Gold-
Silver Target
Edmonton, Alberta--(Newsfile Corp. - July 29, 2021) -
Benchmark Metals Inc.
(TSXV: BNCH) (OTCQX:
BNCHF) (WKN: A2JM2X) (the "
Company
" or "
Benchmark
") is pleased to announce a drill rig has
mobilized to begin drilling at the Marmot and Marmot East Targets. A comprehensive exploration plan at
Marmot includes 12,500 metres planned exploration drilling to follow up on the 2020 discovery hole of
101.00 m (core length) of 0.82 g/t AuEq (including 18.00 m of 2.5 g/t Au). In addition, 2,500 metres is
planned at the adjacent Marmot East Target. Both targets have significant potential for generating new,
at surface gold-silver ounces. The Marmot and Marmot East discoveries are 3 kilometres south of
Benchmark's multi-million ounce gold-silver deposits, located within the Golden Horseshoe area of north-
central British Columbia, Canada.
John Williamson, CEO, commented, "The global 2021 drill program will add significant ounces to a
future updated Mineral Resource Estimate. There is significant potential to add additional gold-silver
ounces from the exploration drilling to expand known zones and make new discoveries. The Marmot
targets have significant potential to generate gold and silver ounces of the same scope and scale as the
Cliff Creek deposit. Drilling continues at the main deposits (Cliff Creek, Duke's and AGB) where visuals
from logged core show significant mineralization in expansion holes located outside of the pit
constrained resource areas."
The Marmot and Marmot East discoveries have a similar geochemical footprint to the Cliff Creek
resource area (Figure 1), comparable airborne gamma-ray spectrometry (AGRS/radiometrics),
magnetic and EM geophysical signatures and dimensions, and have delivered similar drill intercept
widths and grades. Additionally, the Marmot and Marmot East areas are located within the same
northwest-southeast trending structural corridor interpreted as a significant control on mineralization at
Cliff Creek.
Figure 1:
Comparison of the Cliff Creek Dukes Ridge-Phoenix and AGB resource areas with the newly
discovered Marmot zones
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*AuEq calculated using an 80:1 silver to gold ratio.
**see press release dated
May 14, 2021
for Benchmark's initial mineral resource estimate (MRE) covering Cliff Creek, Dukes
Ridge-Phoenix, and AGB.
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 Inc.
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.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ "John Williamson"
John Williamson
, Chief Executive Officer
For further information, please contact:
Jim Greig, President
Tel: (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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