Benchmark Delineates Multiple New Drill Targets Adjacent to the AGB Gold-Silver Deposit
Benchmark Delineates Multiple New Drill
Targets Adjacent to the AGB Gold-Silver
Deposit
Edmonton, Alberta--(Newsfile Corp. - July 27, 2022) -
Benchmark Metals Inc.
(TSXV: BNCH) (OTCQX:
BNCHF) (WKN: A2JM2X)
(the "
Company
" or "
Benchmark
") - is pleased to provide an update on
exploration drill planning of multiple new targets in close proximity to the 619,000 ounce, 1.65 grams per
tonne gold equivalent in the Measured and Indicated, AGB Deposit
1
. The targets include a large
kilometre-scale, fault-bounded geophysical target adjacent to the existing deposit. The Company's
flagship 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, "We continue to develop large new targets in close proximity to the
existing deposits that have never been drill-tested. These new targets demonstrate similar geochemical
and geophysical characteristics to the known zones of mineralization in close proximity to the high-grade
AGB Deposit. The new targets exhibit significant new discovery potential and are high priority drill areas.
The Company continues to finalize its Preliminary Economic Assessment and has geotechnical drilling
in progress for the 2023 Feasibility Study."
AGB Target Area Highlights
Large untested resistivity geophysical anomaly adjacent to AGB.
This resistivity body is interpreted as possible silicification related to mineralization
associated with a large, steeply-dipping fault system.
Three soil anomalies situated approximately 3 km to the north along-strike and within the same
structural corridor as AGB, associated with the hanging-wall mineralization.
Coincident VLF geophysical anomalies, similar to those seen at AGB.
These blind targets have not seen historical or contemporary drilling and have strong discovery
potential to add additional gold-silver ounces given their proximity to existing deposit areas at
Lawyers.
Priority drill targets for the imminent summer campaign.
The Company has produced multiple intriguing targets possibly related to mineralization adjacent to the
high-grade AGB Deposit consisting of soil geochemistry anomalies coincident with IP and VLF
geophysical anomalies in areas lacking outcrop exposure. These blind targets are situated both parallel
to and along-strike of the north-trending faults controlling mineralization at AGB.
1
See June 13th press release
Figure 1:
Plan map of the AGB deposit and the prospective geochemical and geophysical targets
proximal to the main deposit area.
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/6169/131960_1466f11034bd0a8c_001full.jpg
Figure 2:
Cross-section through the AGB deposit demonstrating favourable IP resistivity.
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/6169/131960_1466f11034bd0a8c_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.
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/131960