Benchmark Drills 1.54 Metres of 5,216.68 g/t Silver and 17.96 g/t Gold Within a Broader Intersection of 14.00 Metres of 9.88 g/t AuEq near Surface at the AGB Zone
Benchmark Drills 1.54 Metres of 5,216.68 g/t
Silver and 17.96 g/t Gold Within a Broader
Intersection of 14.00 Metres of 9.88 g/t AuEq
near Surface at the AGB Zone
Edmonton, Alberta--(Newsfile Corp. - February 10, 2021) -
Benchmark Metals Inc.
(TSXV: BNCH)
(OTCQX: BNCHF) (WKN: A2JM2X)
(the "
Company
" or "
Benchmark
") is pleased to announce new
results from a series of drill holes at the AGB zone that now extends for over 650 metres (m) strike length
and to 270 m vertical depth and remains open. Drill hole 20AGBDD023 returned two significant
mineralized zones; an upper zone of
14.00 m
of 2.10 grams per tonne (g/t) gold and 622.57 g/t silver or
9.88 g/t gold equivalent
* (AuEq) including
1.54 m of 17.96 g/t gold
and
5216.68 g/t silver
or
83.17
g/t AuEq
and a lower zone of
9.66 m of 3.42 g/t gold
and
287.79 g/t silver
or
7.01 g/t AuEq.
A
defining characteristic of the AGB zone compared to Cliff Creek or Dukes Ridge is the much higher
silver values, with nine intervals above 300 g/t silver in Table 1. These and previously reported 2020
program results at AGB (see
Oct 20
th
2020
, and
Jan 29
th
2021
news releases) have the potential to
increase tonnage and gold-silver grade for the forthcoming release of a maiden global (Cliff
Creek/Dukes Ridge/AGB) bulk-tonnage Mineral Resource Estimate during Q1 2021. 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, "The AGB zone continues to yield exceptional results of high-grade
mineralization within broader envelopes of mineralization, that essentially begin at surface. These results
at AGB continue to add gold and silver ounces and expand the known mineralization, positively
impacting our definition of the resource. The AGB zone is yielding higher grades and expanding beyond
initial interpretation, we anticipate that this area will continue adding gold-silver ounces as new results
are received over the coming weeks."
Todays results are distributed across a strike length of greater than 500 metres and share many of the
same characteristics: bulk-tonnage and high-grade mineralization, near-surface mineralization extending
to depth, and multiple parallel zones, confirming the robust nature of this extensive mineralizing system.
Two drill hole results that demonstrate all these characteristics above are the southernmost hole reported
today; 20AGBDD009 returned
58.00 m of 1.63 g/t gold
and
61.57 g/t silver
or
2.40 g/t AuEq
and 490
m to the north 20AGBDD035 returned
57.91 m of 0.86 g/t gold
and
51.99 g/t silver
or
1.51 g/t AuEq.
The 2020 drill program
results continue to expand and infill the bulk tonnage mineralized envelope at
AGB, defining a major resource area along with near surface zones of high-grade mineralization (Figure
1).
Table 1:
Drill Results Summary from the AGB Zone. Drill holes are organized from south to north with
reference to Figure 1.
Drillhole
From (m)
To (m)
Interval (m)**
Gold (g/t)
Silver (g/t)
Au-Eq (g/t)*
20AGBDD009
31.00
89.00
58.00
1.63
61.57
2.40
incl
42.00
44.08
2.08
12.71
80.62
13.72
and
48.00
52.02
4.02
2.74
354.29
7.17
and
79.00
80.00
1.00
6.06
49.70
6.68
and
83.00
83.84
0.84
19.15
29.50
19.52
157.88
161.68
3.80
1.09
8.80
1.20
20AGBDD008
6.00
84.00
78.00
0.53
26.24
0.86
incl
6.00
12.00
6.00
0.77
29.94
1.15
and
25.00
74.00
49.00
0.66
28.73
1.02
20AGBDD044
18.00
64.45
46.45
0.87
15.91
1.07
38.00
39.00
1.00
15.20
33.00
15.61
20AGBDD030
28.35
108.00
79.65
0.63
42.61
1.16
102.90
108.00
5.10
4.05
41.68
4.47
incl
102.90
104.00
1.10
13.95
77.70
14.92
20AGBDD027
128.00
138.00
10.00
2.12
27.75
2.47
incl
129.00
130.00
1.00
12.05
44.70
12.61
157.00
171.00
14.00
0.42
45.19
0.99
or
161.00
171.00
10.00
0.56
53.13
1.23
260.63
275.00
14.37
0.43
103.71
1.72
incl
263.00
265.71
2.71
1.54
415.36
6.73
20AGBDD023
9.00
23.00
14.00
2.10
622.57
9.88
incl
11.00
12.54
1.54
17.96
5216.68
83.17
115.00
124.66
9.66
3.42
287.79
7.01
incl
122.45
124.66
2.21
14.33
1069.57
27.70
20AGBDD005
53.83
115.00
61.17
1.31
93.20
2.47
53.83
57.00
3.17
12.16
765.26
21.73
53.83
55.80
1.97
18.33
1120.55
32.34
79.00
80.00
1.00
11.70
384.00
16.50
92.00
94.00
2.00
5.70
600.50
13.20
20AGBRC036
100.58
117.35
16.77
0.81
34.78
1.25
20AGBRC035
44.20
102.11
57.91
0.86
51.99
1.51
65.53
99.06
33.53
1.26
71.55
2.16
20AGBDD020
74.00
86.38
12.38
0.28
25.32
0.59
incl
74.00
79.19
5.19
0.39
38.52
0.87
and
84.00
86.38
2.38
0.54
27.54
0.88
20AGBRC032
190.50
193.55
3.05
0.44
28.99
0.80
20AGBRC033
138.68
143.26
4.58
1.41
60.38
2.16
*
Gold equivalent (AuEq) calculated using 80:1 silver to gold ratio
** Intervals are core-length.
True width is estimated between 70% to 90% of core length
***
Void intersected at 47.50-50.00 m
Figure 1 - AGB Plan Map with 2020 Drillhole Collars
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6169/74063_d0ad09c2847d5820_001full.jpg
Figure 2 - AGB Zone cross section
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6169/74063_d0ad09c2847d5820_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 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.
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
www.benchmarkmetals.com
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/74063