Benchmark Drills 30 Metres of 2.81 g/t Gold Equivalent and Delineates 400 Metres Strike- Length of Mineralization in New Zone
Benchmark Drills 30 Metres of 2.81 g/t Gold
Equivalent and Delineates 400 Metres Strike-
Length of Mineralization in New Zone
Edmonton, Alberta--(Newsfile Corp. - October 27, 2021) -
Benchmark Metals Inc.
(TSXV: BNCH)
(OTCQX: BNCHF) (WKN: A2JM2X) (the "
Company
" or "
Benchmark
") is pleased to announce new
results from exploration drilling at the Marmot Zone, including
30.00 metres (m) core length of 1.93
grams per tonne (g/t) gold and 70.33 g/t silver or 2.81 g/t gold equivalent* (AuEq)
in drill hole
21MLDD004 (Figure 1). The mineralizing system remains open in all directions and continues to display
similarities to the resource deposit areas on the property, with both bulk tonnage and high-grade
mineralization intercepted in multiple drill holes. The drill results align with significant surface
mineralization that delineates a mineralized footprint that extends approximately 400 metres in strike-
length and remains open (Figure 1), with current drilling focusing on identifying structural controls of the
system together with defining at-surface material. The Marmot discoveries are situated ~3 kilometres
southeast of Benchmark's multi-million ounce gold-silver deposits on its flagship Lawyers Gold-Silver
Project, located within a road accessible region of the prolific Golden Horseshoe area of north-central
British Columbia, Canada.
John Williamson, CEO, commented, "The Marmot Zone continues to return significant gold and silver
intercepts at-surface and at depth with a style of mineralization and alteration that is very comparable to
our Cliff Creek deposit. These new results help demonstrate the continuity of this mineralizing system as
it continues to grow in scope and scale, with the potential to add significant gold-silver ounces that would
be peripheral to our current resource zones."
Additional new results from surface include (Table 1):
11.00 m (
core length)
of 2.94 g/t gold and 4.36 g/t silver or 2.99 g/t AuEq*
in drill hole
21MLD006
7.50 m (
core length
) of 2.01 g/t gold and 168.25 g/t silver or 4.11 g/t AuEq*
including
1.00 m of
7.29 g/t gold and 557.00 g/t silver or 14.25 g/t AuEq*
in drill hole 21MLDD002
5.85 m
(core length
) of 1.57 g/t gold and 77.61 g/t silver or 2.54 g/t AuEq*
in drill hole
21MLDD003
30.00 m
(core length)
of 0.9 g/t gold and 15.52 g/t silver or 1.09 g/t AuEq*
in drill hole
21MLDD004
Drilling at the Marmot Zone continues to delineate the orientation of mineralization first encountered in
last years discovery drill hole 20MLDD005 that returned 101.00 m (core length) of 0.82 g/t AuEq*
(including 18.00 m of 2.5 g/t Au). Of the planned 12,500 metres of drilling, ~5000 metres has been
completed to date at the Marmot Zone, which has successfully intersected significant intervals of
alteration and mineralization that remains to be further tested along-strike, at-depth, and to-surface. As
the Marmot Zone continues to evolve initial drill results suggest there is potential to define multiple zones
over multiple structures that have delivered significant intervals of gold-silver mineralization to date.
Figure 1: Marmot and Marmot East Zones with drilling and select rock grab samples
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6169/100976_29511d33c4db38eb_001full.jpg
Table 1: Drill Results Summary from the Marmot Zone
Drillhole
From
To
Interval
Au
Ag
AuEq
21MLDD001
216.00
219.00
3.00
0.47
0.48
0.48
including
218.00
219.00
1.00
1.17
0.71
1.18
311.00
313.00
2.00
0.36
0.70
0.37
21MLDD002
46.00
47.45
1.45
2.12
92.80
3.28
70.00
97.00
27.00
0.37
13.50
0.54
including
71.00
72.00
1.00
3.20
152.00
5.10
132.00
136.00
4.00
1.47
20.58
1.73
including
134.00
135.00
1.00
4.26
44.80
4.82
168.00
175.50
7.50
2.01
168.25
4.11
including
171.50
172.50
1.00
7.29
557.00
14.25
and
174.50
175.50
1.00
5.50
483.00
11.54
21MLDD003
33.00
38.85
5.85
1.57
77.61
2.54
including
33.90
35.00
1.10
5.57
250.00
8.70
228.00
236.00
8.00
0.39
19.76
0.63
269.00
274.00
5.00
0.35
22.55
0.63
21MLDD004
66.00
96.00
30.00
0.90
15.52
1.09
including
66.00
68.00
2.00
4.97
120.1
6.47
21MLDD004
(partial)
including
82.00
83.09
1.09
4.62
33.45
5.04
Including
95.00
96.00
1.00
4.86
39.4
5.35
257.00
287.00
30.00
1.93
70.33
2.81
including
266.00
269.00
3.00
16.29
599.67
23.79
21MLDD006
118.00
120.00
2.00
2.77
51.82
3.42
157.00
168.00
11.00
2.94
4.36
2.99
21MLDD009
26.00
28.00
2.00
0.85
53.75
1.52
81.00
109.10
28.10
0.56
7.68
0.65
including
90.00
92.00
2.00
2.82
9.41
2.94
164.00
178.00
14.00
0.49
31.44
0.88
*
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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