Benchmark Drills 15.00 Metres of 7.02 g/t Gold and 307.91 g/t Silver, Expanding Mineralization to over 500m Depth at Cliff Creek
Benchmark Drills 15.00 Metres of 7.02 g/t Gold
and 307.91 g/t Silver, Expanding Mineralization
to over 500m Depth at Cliff Creek
Edmonton, Alberta--(Newsfile Corp. - December 8, 2020) -
Benchmark Metals Inc.
(TSXV: BNCH)
(OTCQX: BNCHF) (WKN: A2JM2X) (the "
Company
" or "
Benchmark
") - is pleased to announce the
deepest gold-silver mineralization intersected to date at the northern portion of the Cliff Creek deposit.
Hole 20CCDD070 intersected significant mineralization at over 425m below surface, which extends the
depth of the deposit by 50+ metres below the base of the open pit model and remains open. Further
assay results are pending from a tier of holes that extend up to 100m beneath this hole, with the drill core
showing similar alteration and visible gold-silver mineralization. The combined results have excellent
potential to positively impact the future resource estimate and extent of the open pit model economics.
Benchmark's flagship Lawyers Gold-Silver Project is located in a road-accessible area of the Golden
Horseshoe in north-central British Columbia, Canada.
John Williamson, CEO, commented, "This drill hole and the surrounding ones are successfully expanding
gold and silver to new depths. The Cliff Creek North area is providing continuous, impressive grades
from surface with high-grade material at depth. The new depth extensions are yielding impressive
intersections that include
1,036 g/t silver and 22.6 g/t gold over 4.3 metres core length.
The
excellent results from the first of these deep holes confirm our geological model and indicate that this
robust mineralizing system remains strong and open at depth. We look forward with great expectations
to receiving results from the adjacent drill holes."
Table #1:
New results from the Cliff Creek Zone.
Drill-Hole
From (m)
To (m)
Interval** (m)
Gold (g/t)
Silver (g/t)
Au-Eq* (g/t)
20CCDD070
435.00
450.00
15.00
7.02
307.91
10.87
435.00
439.30
4.30
22.57
1036.07
35.52
*
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.
Cliff Creek Highlights
Mineralization in the deeper parts of Cliff Creek North is characterized by a single-phase
hydrothermal breccia with a quartz-sulfide rich matrix, containing visible native silver, gold, and
electrum. The hydrothermal breccia occurs within a broader silicified zone with mineralized
stockwork quartz veining throughout. Typical of the Cliff Creek zone the mineralization is
associated with major NW and W-NW fault structures, dipping steeply to the west and southwest.
Ongoing drilling during 2020 across the entire Cliff Creek Zone, Dukes Ridge to Phoenix and AGB
zones
has now surpassed
87,000 m of drilling in 388 holes
to date
.
Disclosure of additional
results will continue through to January 2021 in support of a new Mineral Resource Estimate.
The mineral resource at Cliff Creek will be defined by >300 drill holes: 200
holes were
drilled in 2020, 41 in 2018-2019, and 92 historical holes.
The 2020 drill program at Cliff Creek has intersected visual mineralization at depths of 500 vertical
metres, extending the known mineralization from 2019 drilling by over 250 metres vertical depth.
Figure #1 -
Cliff Creek Gold Silver Deposit Drillhole Collars and Map.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6169/69675_2723771a54875a49_001full.jpg
Figure #2 -
Cliff Creek North Zone long section, see Figure #1 for section window.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6169/69675_2723771a54875a49_002full.jpg
Figure #3
: Cliff Creek North Zone cross section, see Figure #1 for section line.
To view an enhanced version of Figure 3, please visit:
https://orders.newsfilecorp.com/files/6169/69675_2723771a54875a49_003full.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 mineral exploration company focused on proving and developing
the substantial resource potential of the Lawyer's Gold-Silver Project, located in the prolific Golden
Horseshoe of northern British Columbia, Canada.
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.
Benchmark is part of the Metals Group of companies, managed by an award-winning team of
professionals who stand for technical excellence, painstaking project selection and uncompromising
corporate governance, with a proven ability to capitalize on investment opportunities and deliver
shareholder returns.
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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