Benchmark Drills 31.00 Metres of 3.89 g/t Gold Equivalent Near Surface
Benchmark Drills 31.00 Metres of 3.89 g/t Gold
Equivalent Near Surface
Edmonton, Alberta--(Newsfile Corp. - September 2, 2020) -
Benchmark Metals Inc.
(TSXV: BNCH)
(OTCQB: CYRTF) (WKN: A2JM2X) (the "
Company
" or "
Benchmark
") - is pleased to announce results
for the first phase of drilling at Cliff Creek including drill hole 20CCDD011 which intersected three
discrete zones (Table 1) including:
31 metres
(m) of
2.98 grams per tonne
(g/t)
gold
and
72.77 g/t silver
or
3.89 g/t gold
equivalent
* (AuEq);
6 m
of
6.95 g/t gold
and
280.67 g/t silver
or
10.45 g/t AuEq;
and
12.85 m
of
2.20 g/t gold
and
67.23 g/t silver
or
3.04 g/t AuEq
near the bottom of the hole.
This almost continuous mineralization from near surface to higher-grade material at depth should
favourably impact the future mineral resource estimate and pit-shell design characteristics. Benchmark's
flagship gold-silver project is located in a road-accessible area of the Golden Horseshoe in north-central
British Columbia, Canada.
John Williamson, CEO, commented, "Seeing these early results from Cliff Creek highlights our belief in
the underexplored nature of the area where multiple, discrete zones occur within the same hole. Hole
20CCDD011 is essentially mineralized from top to bottom including excellent grades and widths in the
Main and East zones. The high-grade near surface mineralization helps considerably with the economic
potential during the first few years of a potential mining scenario. Additionally, the other shallower holes
in the east zone have significant potential to add more gold-silver mineralization and ounces in areas of
previously unrecognized mineralization that also remains open at depth and will be tested in the coming
weeks. Drilling continues to progress exceptionally well at Cliff's Creek, AGB, and the Dukes Ridge-
Phoenix zone and we look forward to releasing more results as they become available".
The Company has completed nearly 40,000 metres of drilling from 195 holes as part of up to 100,000
metre planned drilling in 2020. An additional six holes are reported below with high-grade intercepts and
bulk tonnage mineralization at varying depths from 15 to 270 vertical metres from surface showing the
depth continuity and parallel zones present at Cliff Creek. No underground mine workings or stopes were
intercepted in any of these drill holes, demonstrating the excellent continuity of mineralization that
remains.
The group of holes reported for the north-end of the Cliff Creek Zone are helping to define and expand
mineralization across Benchmark's largest zone. The Cliff Creek Zone is providing a consistent ratio of
approximately 40:1 silver to gold. The heart of the property continues to provide robust gold results and
is showing significant quantities of silver. The substantial value potential for silver is represented in the
selection of new drill-holes as follows:
20CCDD001 -
593.33 g/t silver
and 11.07 g/t gold over 1.65 m;
20CCDD002 -
289.00 g/t silver
and 9.87 g/t gold over 1.22 m;
20CCDD004 -
435.00 g/t silver
and 8.01 g/t gold over 0.68 m;
20CCDD005 -
1,012.96 g/t silver
and 23.16 g/t gold over 1.42 m, and;
20CCDD011 -
280.67 g/t silver
and 6.95 g/t gold over 6 m.
Drill hole 20CCDD001 returned
13.8
m of
2.57 g/t gold
and
114.24 g/t silver
or
4.00 g/t AuEq
from
shallow depths in the East Zone up-dip from drill hole 20CCDD004 which yielded
17.26
m of
1.19 g/t
gold
and
42.16 g/t silver
or
1.71 g/t AuEq
. On the same section, drill hole 20CCDD002 returned deep
mineralization starting at 250 vertical metres from surface:
38 m
of
0.7 g/t gold
and
28.39 g/t silver
or
1.06 g/t AuEq.
These results continue to demonstrate that the mineralization is strong at depth.
Continued drilling in the 2020 program will include deeper holes beneath holes like 20CCDD002 in an
effort to define deeper mineralization extending open pit optimizations at depth and/or future
underground extraction scenarios.
Drill-Hole
From (m)
To (m)
**Interval
(m)
Gold (g/t)
Silver (g/t)
*Au-Eq
(g/t)
20CCDD001
45.00
58.80
13.80
2.57
114.24
4.00
incl
55.30
56.95
1.65
11.07
593.33
18.48
20CCDD002
230.00
232.00
2.00
1.01
62.47
1.80
274.00
275.22
1.22
9.87
289.00
13.48
325.00
363.00
38.00
0.70
28.39
1.06
incl
349.00
353.08
4.08
2.01
50.43
2.64
20CCDD003
54.90
55.70
0.80
6.90
111.00
8.29
67.74
72.00
4.26
0.97
20.66
1.23
20CCDD004
51.63
52.2
0.57
3.06
224
5.86
77.38
94.64
17.26
1.19
42.16
1.71
incl
93.50
94.18
0.68
8.01
435.00
13.45
*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.
*** 106.68m intercept includes some internal dilution.
Drill-Hole
From (m)
To (m)
**Interval
(m)
Gold (g/t)
Silver (g/t)
*Au-Eq
(g/t)
20CCDD005
134.00
178.12
44.12
0.53
15.80
0.73
incl
160.69
161.36
0.67
5.87
29.30
6.24
176.45
177.00
0.55
4.13
526.00
10.71
261.00
274.15
13.15
3.64
130.40
5.27
incl
268.58
270.00
1.42
23.16
1012.96
35.82
20CCDD011
20.00
51.00
31.00
2.98
72.77
3.89
65.00
71.00
6.00
6.95
280.67
10.45
89.28
154.37
65.09
0.87
27.74
1.22
Incl.
140.60
153.45
12.85
2.20
67.23
3.04
Incl.
151.45
152.45
1.00
7.31
265.00
10.62
20CCRC004***
4.57
111.25
106.68
0.53
18.39
0.76
incl
4.57
13.72
9.15
0.91
16.86
1.12
27.43
32.00
4.57
0.95
70.85
1.84
67.06
96.01
28.95
1.09
35.50
1.54
*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.
*** 106.68m intercept includes some internal dilution
Table #1 - Selected drill results from Cliff Creek
Figure #1 - Cliff Creek plan map
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6169/62929_790636a3242b1a60_001full.jpg
Figure #2 - Cliff Creek cross-section
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6169/62929_790636a3242b1a60_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 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 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.
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 identify and 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
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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