Benchmark Drills 118.00 Metres of 2.23 g/t Gold and 25.01 g/t Silver or 2.54 g/t Gold Equivalent near Surface at the Cliff Creek Deposit
Benchmark Drills 118.00 Metres of 2.23 g/t
Gold and 25.01 g/t Silver or 2.54 g/t Gold
Equivalent near Surface at the Cliff Creek
Deposit
Edmonton, Alberta--(Newsfile Corp. - February 23, 2022) -
Benchmark Metals Inc.
(TSXV: BNCH)
(OTCQX: BNCHF) (WKN: A2JM2X) (the "
Company
" or "
Benchmark
") is pleased to announce new
results from 4 drill holes extending across 750 metres strike-length from the Cliff Creek North (CCN) to
Cliff Creek Mid Zones. Drilling has yielded broad zones of bulk-tonnage and high-grade mineralization
including
118.00 metres (m) core length of 2.23 grams per tonne (g/t) gold and 25.01 g/t silver or
2.54 g/t gold equivalent (AuEq)* with 5.05 m of 22.64 g/t gold and 89.58 g/t silver or 23.76 g/t
AuEq*
in drill hole 21CCDD085 (Figure 1). These results continue to demonstrate the precision of the
geological modeling, intersecting strong mineralization where expected as well as testing the plunge of
high-grade zones to depth. Continuity in mineralization remains open
>550 metres vertical depth at
Cliff Creek North
and
>450 metres vertical depth at Cliff Creek South
, highlighting the potential for
open pit as well as underground mining. New drilling during 2022 has yielded over >10,000 metres and
continues to expand mineralization in multiple deposit areas. Benchmark'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, "The new Cliff Creek drilling is providing gold and silver from
surface to depth and is indicating significant high-grade material below the open pits. Mineralization in
Cliffs North area is now drill defined to over 550 metres vertical depth. The new results have potential to
pull the pit-shell below 340 metres depth as defined by last year's pit constrained MRE shell. P&E
Engineering has begun work for the updated MRE with all final drill results expected within the next two
(2) weeks."
Project Update
The Company has received all drill results for the AGB Deposit and P&E Engineering has begun block
modeling towards an expanded MRE. Benchmark anticipates a March 11
th
cut-off date where all drill
results should be received to support the new updated MRE. The Project currently has two (2) drill rigs
operating, completing +10,000 metres in to date in 2022. New drilling has focussed on expanding the
Dukes Ridge Deposit, Marmot Zone, Cliff Creek South Deposit and the Connector Zone. The current
drilling at the Dukes Ridge Deposit is providing significant expansion with mineralization extending to
over +250 metres vertical depth.
Highlights
Excellent infill drilling intercepting broad low-grade bulk-tonnage mineralization enveloping high-
grade intervals within the northern portion of the Cliff Creek Deposit including
30.00 metres core-
length of 1.28 g/t gold and 60.01 g/t silver or 2.04 g/t AuEq with 2.00 metres of 7.38 g/t gold
and 592.50 g/t silver or 14.78 g/t AuEq
in drill hole 21CCDD010;
Successfully intercepting the plunge of high-grade mineralization with optimized drill targeting at-
depth including
7.00 metres core length of 6.97 g/t gold and 11.40 g/t silver or 7.11 g/t AuEq
with 3.00 metres of 15.85 g/t gold and 16.35 g/t silver or 16.05 g/t AuEq
in drill hole
21CCDD011, and;
Continuing to infill the Cliff Creek Mid Zone with strong results, including
28.97 metres core
length of 1.54 g/t gold and 19.95 g/t silver or 1.79 g/t AuEq with 6.70 metres of 5.06 g/t gold
and 50.64 g/t silver or 5.69 g/t AuEq
in drill hole 21CCDD075.
Figure 1: Plan map at the Cliff Creek Zone
highlighting new drill results.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6169/114525_a7abdc2b24bf69ab_001full.jpg
Figure 2: Long-section at the Cliff Creek Zone
showing gold and silver results from a series of drill
holes.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6169/114525_a7abdc2b24bf69ab_002full.jpg
Table 1: Drill results summary from the Cliff Creek North Zone
Drillhole
From (m)
To (m)
Interval (m)*
Au (g/t)
Ag (g/t)
AuEq (g/t)**
21CCDD010
22.04
23.78
1.74
4.27
109.91
5.64
88.00
118.00
30.00
1.28
60.01
2.04
incl
103.34
110.00
6.66
3.09
206.88
5.68
incl
107.00
109.00
2.00
7.38
592.50
14.78
21CCDD011
232.00
239.00
7.00
6.97
11.40
7.11
incl
235.00
238.00
3.00
15.85
16.35
16.05
incl
235.00
236.00
1.00
37.30
29.80
37.67
21CCDD075
21.00
23.00
2.00
1.15
12.80
1.31
119.55
148.52
28.97
1.54
19.95
1.79
incl
121.30
128.00
6.70
5.06
50.64
5.69
incl
125.00
128.00
3.00
7.75
76.27
8.70
21CCDD085
11.00
129.00
118.00
2.23
25.01
2.54
52.00
95.00
43.00
4.22
17.61
4.44
incl
59.00
61.00
2.00
21.81
19.11
22.05
and
79.00
84.05
5.05
22.64
89.58
23.76
incl
82.00
83.00
1.00
105.50
389.00
110.36
111.49
129.00
17.51
4.20
106.07
5.53
119.48
126.76
7.28
8.99
207.05
11.58
125.87
126.36
0.49
77.90
1675.00
98.84
*
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.
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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