Benchmark Drills 41.94 Metres of 2.82 g/t Gold Equivalent and Expands Mineralization at the AGB Zone
Benchmark Drills 41.94 Metres of 2.82 g/t Gold
Equivalent and Expands Mineralization at the
AGB Zone
Edmonton, Alberta--(Newsfile Corp. - October 20, 2020) -
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 where broad zones of mineralization yielded up to
41.94 metres
(m) of
1.49 grams per tonne
(g/t)
gold
and
106.84 g/t silver
or
2.82 g/t gold
equivalent*
(AuEq) in addition to high-grade intervals of
3.80 m
of
11.76 g/t gold
and
630.61 g/t silver
or
19.64 g/t AuEq
. Current drilling at the AGB Zone has expanded gold-silver mineralization to the west
and shows continuity over a +600 metre strike length. Benchmark's flagship gold-silver project is located
in a road accessible area of the Golden Horseshoe in north-central British Columbia, Canada.
AGB Highlights
Drilling continues to intersect strong zones of mineralization along the entire 600 metre strike
extent of the AGB zone with these new results highlighting the significant resource building
potential of this zone in addition to Cliffs Creek and Dukes Ridge.
New results from the AGB zone include broad bulk-tonnage zones, higher-grade bulk tonnage
zones and high-grade zones Table 1, full drill results are included in Table 2.
Table #1
: Summary of the various styles of mineralized intercepts
Style of min.
Drillhole
Int.
Au (ppm)
Ag (ppm)
AuEq (ppm)
Broad Bulk
Tonnage
20AGBDD004
41.94
1.49
106.84
2.82
20AGBRC002
91.44
0.65
24.69
0.96
20AGBRC003
51.82
1.49
22.01
1.76
High-Grade
Bulk-Tonnage
20AGBDD003
14.24
4.15
61.23
4.92
20AGBRC003
15.24
3.84
28.61
4.2
High-Grade
20AGBDD004
3.80
11.76
630.61
19.64
20AGBRC003
1.52
18.4
42.50
18.93
20AGBRC005
1.53
9.04
257.00
12.25
*Gold equivalent (AuEq) calculated using 80:1 gold to silver ratio.
These new results are extending strong, broad zones of
mineralization from surface to >270 m
vertical depth
and continue to validate our drill targeting.
Significant step out drilling targeting the extension of the AGB west zone, >170 metres south of the
historic underground workings has intersected broad bulk tonnage mineralization with higher grade
zones and appears to be increasing in grade at depth, see Image #2.
To date in 2020
61 holes and 11,863 metres have been completed at AGB
and property wide
Benchmark has surpassed
66,000 m from 319 holes.
Disclosure of additional results will continue through to January 2021 in support of a new Mineral
Resource Estimate.
John Williamson, CEO, commented, "AGB results and visuals continue to indicate that the entire AGB
area remains open in all directions. The AGB expansion and definition drilling continues to intersect
additional mineralization to the west, south and at depth. This area is providing significant gold-silver
material at surface and is in-filling previously unknown mineralization within 270 vertical metres of
surface. When 2020 drilling is completed at AGB, we anticipate significant gold-silver ounces from
surface to depth that will contribute to the 2021 Mineral Resource Estimate".
Table #2:
New drill results from the AGB Zone organized from north to south with reference to Image #1
Drillhole
FROM
TO
INT.
Au (ppm)
Ag (ppm)
AuEq
(ppm)
20AGBRC007
51.82
53.34
1.52
0.67
93.90
1.85
20AGBRC012
227.08
230.12
3.04
1.10
175.10
3.29
20AGBRC008
160.02
167.64
7.62
1.55
44.76
2.11
20AGBRC005
38.10
65.53
27.43
0.85
52.67
1.50
48.77
62.48
13.71
1.58
75.91
2.53
incl
54.86
56.39
1.53
9.04
257.00
12.25
231.65
236.22
4.57
0.63
55.94
1.33
20AGBDD004
*****
55.56
97.5
41.94
1.49
106.84
2.82
incl
55.56
57.7
2.14
5.53
496.40
11.74
incl
90.64
98.5
7.86
6.02
353.44
10.43
incl/or
93.7
97.5
3.80
11.76
630.61
19.64
20AGBDD003
13
27.24
14.24
4.15
61.23
4.92
incl
20
26.74
6.74
8.30
59.30
9.04
20AGBDD002
****
20.40
24.00
3.60
2.15
27.79
2.50
39.01
51.00
11.99
0.96
111.09
2.35
66.95
67.73
0.78
4.59
374.00
9.27
76.00
93.40
17.40
0.71
71.59
1.61
incl
79.00
82.00
3.00
2.17
233.20
5.08
20AGBDD006
0
23.47
23.47
0.34
46.40
0.92
20AGBDD001
***
24.36
46.70
22.34
0.76
94.37
1.94
incl
44.48
46.70
2.22
2.32
303.54
6.11
72.68
73.75
1.07
1.80
275.00
5.24
20AGBRC004
70.10
79.25
9.15
1.76
74.10
2.68
incl
73.15
74.68
1.53
3.14
239.00
6.13
20AGBRC001
3.05
4.57
1.52
1.07
8.41
1.17
20AGBRC002
28.96
120.40
91.44
0.65
24.69
0.96
45.72
108.20
62.48
0.79
25.53
1.11
105.16
106.68
1.52
5.38
76.10
6.33
20AGBRC003
96.01
147.83
51.82
1.49
22.01
1.76
incl
103.63
118.87
15.24
3.84
28.61
4.20
incl/or
109.73
111.25
1.52
18.40
42.50
18.93
*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.
***First interval includes backfill in the UG workings from 37.18-44.48m.
****39.01-51.00m is backfill in the underground workings
*****Voids in the upper zone of 4.55 m within interval 55.56-97.50m
Image #1 -
AGB Plan map of 2019/20 drilling and image of the AGB zone
To view an enhanced version of Image #1, please visit:
https://orders.newsfilecorp.com/files/6169/66338_2019c5f494d7fbdc_001full.jpg
Image #2 -
AGB cross section
To view an enhanced version of Image #2, please visit:
https://orders.newsfilecorp.com/files/6169/66338_2019c5f494d7fbdc_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.
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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