Benchmark Defines Six Discrete Zones with Potential for Mineral Resources with High Grade and Bulk Tonnage Intercepts
Benchmark Defines Six Discrete Zones with Potential for
Mineral Resources with High Grade and Bulk Tonnage
Intercepts
Edmonton, Alberta--(Newsfile Corp. - October 14, 2019) - Benchmark Metals Inc.
(TSXV: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X)
(the "
Company
" or "
Benchmark
") - Benchmark is pleased to announce the successful completion of its 2019 exploration
program at the Lawyers property. The program included 47 diamond drill holes totaling 10,766.79 metres, defining six discrete
mineralized zones that will be the focus of resource definition and expansion drilling in 2020 (Figure 1). In addition, the collection
of 1,406 soil samples, 215 rock trench samples, 42 rock channel samples, 299 rock grab samples, detailed geological
mapping, and ground geophysics have developed two zones to drill ready targets and six additional early stage exploration
targets for more comprehensive field programs in 2020. Benchmark anticipates the release of drill results from October through
January 2020. The Lawyers Project is situated in the Stikine Terrane of northern British Columbia, Canada, and falls within the
prolific, mineral-endowed 'Golden Horseshoe'.
John Williamson, Chairman and CEO commented, "The 2019 program successfully extended gold-silver mineralization in all
directions within six different zones across a 3km radius in the heart of the Lawyers Trend. Each zone shows significant potential
to develop a mineral resource that includes high-grade and bulk-tonnage intersections that begin at surface. Our geologists have
also defined new discovery zones across the 127 km
2
package that will be drill tested in 2020."
Table 1 documents the drilling completed at each of the six zones, including the quick-log intercepts for the most intense
alteration, veining, and observed mineralization in each drill hole. To date, there has been a good correlation between these
initial visual results and the assay results the Company has received, interpreted, and released. Examples of this include the first
drill hole from each mineralized zone that was expedited at the lab and released as they became available:
Cliff Creek Zone
- 19CCDD001 intersected (
press release Aug 16, 2019
):
2.19 g/t gold and 85.36 g/t silver over 26.75 metres*
Incl. 11.73 g/t gold and 476.00 g/t silver over 4.40 metres*
AGB Zone
- 19AGBDD001 intersected (
press release Sept 20, 2019
):
2.79 g/t gold and 177.00 g/t silver over 25.00 metres*
Incl. 5.37 g/t gold and 214.00 g/t silver over 7.00 metres*
Incl. 10.02 g/t gold and 654.00 g/t silver over 2.1 metres*
Phoenix Zone
- 19PXDD001 intersected (
press release Oct 7, 2019
):
46.90 g/t gold and 3,055.6 g/t silver over 2.87 metres*
Incl. 132.50 g/t gold and 8,560.0 g/t silver over 0.9 metres*
*All intervals are core-length.
True width is estimated to be 80-90% of core length.
Of the 47 drilled holes, 45 contained alteration, veining, and mineralization the results of which will be disseminated as they are
received from the laboratory and interpreted.
In addition to the outstanding drill results from this year's program, 1,406 soil samples, 215 rock trench samples, 42 rock channel
samples, 299 bedrock grab samples, detailed geological mapping, and ground geophysics were completed over other targets
within the historically underexplored 127 km
2
property. Initial results from this data have defined new zones of mineralization,
elevated two zones to drill-ready status, and furthered our understanding of six other zones, which will receive expanded work
programs during the 2020 field season.
Table 1
: Complete list of 2019 drill holes with intervals of significant alteration, veining and visual mineralization including visible
gold (VG) and native silver (Ag) indicated.
Drillhole ID
Zone
Total Depth
(m)
Alt-Min* Vein Intersections (m)**
19AGBDD001
AGB
267.61
210-237
19AGBDD002
AGB
215.80
50-142
19AGBDD003
AGB
398.38
140-150
19AGBDD004
AGB
316.39
206-263
19AGBDD005
AGB
346.86
238-249, 275-300
19AGBDD006
AGB
316.67
212-218
(with
VG/electrum/Ag
);
236-289
(with visible Ag from 244-254m)
19AGBDD007
AGB
276.76
161-171, 221-240;
VG at 231m
19AGBDD008
AGB
325.53
177-197, 249-253
19AGBDD009
AGB
139.00
2-80
19AGBDD010
AGB
146.00
Minor veining and alteration
19CCDD001
Cliff Creek
248.44
140 -155
19CCDD002
Cliff Creek
214.88
40-42, 81-104, 127-130, 159-173
19CCDD003
Cliff Creek
249.02
59-67, 150-210
19CCDD004
Cliff Creek
184.40
30-73, 82-122
19CCDD005
Cliff Creek
322.17
115-128, 132-157, 230-259
19CCDD006
Cliff Creek
172.82
30-70, 75-77, 90-93, 109-125,
19CCDD007
Cliff Creek
209.39
106-134,157-164
19CCDD008
Cliff Creek South
151.18
none
19CCDD009
Cliff Creek South
289.50
140-241
19CCDD010
Cliff Creek South
354.67
307-330
19CCDD011
Cliff Creek South
288.33
169-235
19CCDD012
Cliff Creek South
245.67
106-177
19CCDD013
Cliff Creek South
263.96
154-202
19CCDD014
Cliff Creek South
334.04
244-294
19CCDD015
Cliff Creek South
224.33
95-204
19CCDD016
Cliff Creek
239.27
72-213
19CCDD017
Cliff Creek
260.60
91-140, 152-155
19CCDD018
Cliff Creek
201.17
35-106,130-169
19CCDD019
Cliff Creek
192.01
40-51, 89-122, 170-175
19CCDD020
Cliff Creek
254.81
4-10, 130-140
19CCDD021
Cliff Creek
178.30
4-20, 81-95
19CCDD022
Cliff Creek
205.74
17-52, 186-189
19CCDD023
Cliff Creek
133.20
20-48
19CCDD024
Cliff Creek Exploration
181.00
Minor veining and alteration
19CCDD025
Cliff Creek
172.52
9-54, 73-104, 139-150
19CCDD026
Cliff Creek Exploration
180.00
none
19DRDD001
Dukes Ridge
185.01
66-78, 130-148
19DRDD002
Dukes Ridge
248.72
155-193, 212-230
19DRDD003
Dukes Ridge
230.48
VG at 98-100m,
165-206
19DRDD004
Dukes Ridge
221.29
85-99, 121-131
19DRDD005
Dukes Ridge
212.14
41-75
19PXDD001
Phoenix
187.76
130-131 (phoenix vein), 163-165
19PXDD002
Phoenix
123.74
83.8-85.3
19PXDD003
Phoenix
157.28
106.5-108
19PXDD004
Phoenix East
153.92
Minor veining and alteration
19PXDD005
Phoenix East
160.32
Minor veining and alteration
19PXDD006
Phoenix East
185.71
Minor veining and alteration
* Alt-Min = thickness of alteration and significant visual minerals
**All intervals are core-length.
True width is estimated to be 80-90% of core length
Figure 1
: Map of six discrete zones within the Lawyers Trend that will be the focus of resource definition and expansion in 2020.
To view an enhanced version of
Figure 1
, please visit:
https://orders.newsfilecorp.com/files/6169/48732_f58e8aeb9452dbeb_001full.jpg
Quality Assurance and Control
Results from samples were analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO
9001:2008 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 overlimits re-analyzed by atomic
absorption or emission spectrometry. Rock chip samples from outcrop/bedrock are selective by nature and they 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,
P.Geol., P.Geo., a qualified person as defined by National Instrument 43-101.
About Benchmark Metals Inc.
Benchmark is a Canadian mineral exploration company with its common shares listed for trading on the TSX Venture Exchange
in Canada, the OTCQB Venture 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
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/48732