Benchmark Drills 18.23 g/t AuEq over 3.34 Metres at Duke's Ridge
Benchmark Drills 18.23 g/t AuEq over 3.34 Metres at
Duke's Ridge
Edmonton, Alberta--(Newsfile Corp. - December 11, 2019) -
Benchmark Metals Inc.
(TSXV: BNCH) (OTCQB: CYRTF) (WKN:
A2JM2X) (the "
Company
" or "
Benchmark
") is pleased to report recent drilling success from the Duke's Ridge Zone. Results
from drill hole 19DRDD004 included high-grade and bulk-tonnage intercepts comprising
2.30 g/t gold
and
191.88 g/t silver
or
4.7 g/t AuEq
across
14.46 metres
core length, including
7.85 g/t gold
and
830 g/t silver
or
18.23 g/t AuEq
across
3.34
metres
core length, extending mineralization from surface to over 50 metres vertical depth (Table 1). A unique aspect of the
exceptional results from 19DRDD004 was the intersection of a Phoenix-style vein in addition to the typical broad zones of
alteration and brecciation more typical of the Duke's Ridge zone. These results underscore the potential of the Duke's Ridge
zone and the remaining four holes yet to be received from this zone.
John Williamson, CEO commented, "The discovery of Phoenix-style mineralization at Duke's Ridge creates significant
opportunity in the Duke's Ridge-Phoenix corridor for overlapping bonanza grade and bulk-tonnage styles. The Duke's Ridge
area was never mined and represents an area for resource growth that has mineralization at surface. It also highlights
Benchmark's belief that all of these mineralization styles are underexplored on the Lawyers Project."
In addition to 19DRDD004, a similar vein was also noted in 19DRDD003, 90 metres to the west. The Phoenix occurrence is
characterized by a 1-4 metre wide discrete quartz vein with abundant electrum/native silver and sulphides including acanthite,
sulfosalts, chalcopyrite, and pyrite which has delivered bonanza-grade drill results, previously reported in 2018 and 2019 (see
Table #1). The new results from 19DRDD004, and pending results from 19DRDD003, extend the overlapping mineralization
styles to a strike length of at least 350 metres.
The Duke's Ridge Zone is delineated by drilling, surface soil and rock sample results, potassic alteration, radiometric
geophysics, and recent drill-highlights of
5.76 g/t gold and 128.65 g/t silver across 33.52 metres
core length, including
52.02
g/t gold and 846.44 g/t silver across 3.05 metres
core length
(see Table #1). The geological criteria above and the
overlapping styles of mineralization suggest the Duke's Ridge zone remains open in all directions and has the potential to
connect with Cliff Creek 600 metres to the northwest, Phoenix 150 metres to the southeast, and onwards to Phoenix East a
further 650 metres along strike. The combined zones represent the +3 kilometre heart of the +20 kilometre Lawyers Trend.
Table #1
- Selected results from 19DRDD004 (new) and previously reported drill holes.
Hole
From (m)
To (m)
Gold (g/t)
Silver (g/t)
*AuEq (g/t)
Interval**
Duke's Ridge Zone
19DRDD004 (new)
83.54
98.00
2.30
191.88
4.70
14.46
including
86.88
90.22
7.85
830.71
18.23
3.34
18DRRC010
0.00
33.52
5.76
128.65
7.37
33.52
Including
9.14
10.67
8.32
235
11.26
1.52
Including
10.67
13.72
52.02
846.44
62.6
3.05
Phoenix Zone
19PXDD001
130.13
133
46.9
3055.5
85.1
2.87
Including
131
131.9
132.5
8560
239.5
0.9
18PXDD002
66.00
72.95
6.39
469.76
12.26
6.95
Including
69.00
72.95
10.99
819.43
21.23
3.95
Including
70.19
72.00
18.43
1129.50
32.55
1.81
*Gold equivalent (AuEq) calculated using 80:1 gold to silver ratio.
**Intervals are core-length.
True width is estimated between 80 to 90% of core length.
Figure #1
- Plan map of the Duke's Ridge-Phoenix trend depicting the location of 19DRDD004 and the Phoenix occurrence
representing at least 350 metres of strike length with overlapping mineralization styles.
To view an enhanced version of FIgure 1, please visit:
https://orders.newsfilecorp.com/files/6169/50686_36e680a2f44d28b4_001full.jpg
Figure #2
- Cross-section of 19DRDD004 with the Phoenix-style and bulk-tonnage mineralization demarcated at 50 metres
from surface.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6169/50686_36e680a2f44d28b4_002full.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, M.Sc, 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. The flagship Lawyers Project is situated in the Stikine Terrane of northern British Columbia, Canada, and
falls within the prolific, mineral endowed 'Golden Horseshoe'.
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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