Benchmark Drills 4.82 Metres of 20.48 g/t Gold Equivalent at Cliff Creek North Zone, Expanding Mineralization at Depth
Benchmark Drills 4.82 Metres of 20.48 g/t Gold
Equivalent at Cliff Creek North Zone,
Expanding Mineralization at Depth
Edmonton, Alberta--(Newsfile Corp. - April 9, 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 northern portion of the Cliff Creek deposit that demonstrate the exceptional
continuity of high grade and bulk-tonnage mineralization from surface to over 500 metres (m) vertical
depth. Benchmark's flagship Lawyers Gold-Silver Project is road accessible and located within the
Golden Horseshoe area of north-central British Columbia, Canada.
John Williamson, CEO, commented, "The Cliff Creek North area continues to provide long intervals of
bulk-tonnage material and narrower high-grade results. The northern portion of Cliff Creek is yielding
high-grade gold and silver at surface, offering a starter-pit opportunity that could deliver robust economic
returns. The drilling is demonstrating strong gold and silver continuity from surface to over 500 metres
vertical depth. The recent results have provided more evidence of both open-pit and underground high-
grade potential. The Project is exhibiting world-class mining potential with three zones to be included in a
near-term mineral resource estimate and potential for more discoveries during the 2021 exploration
program."
Figure 1 -
Cliff Creek North Zone long section, see Figure 2 for section window.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6169/80003_67d32b53f442bb6d_001full.jpg
Continuity of Mineralization
Drill holes 20CCDD079 and 20CCDD106 were designed to test the continuity of the mineralization
down dip and along strike. Hole 20CCDD079 was drilled to the northwest and returned from surface
54.72 m
of
2.86 g/t gold (Au)
and
152.18 g/t silver (Ag)
or
4.76 g/t gold equivalent (AuEq)
, including
4.00 m
of
13.64 g/t Au
and
649.13 g/t Ag
or
21.76 g/t AuEq
. This zone of high-grade mineralization
demonstrates excellent continuity extending over 150 metres along strike (Figure 1) and to depth from
surface. Drill hole 20CCDD106 was drilled to the southwest, down-dip, and returned
112.62 m
of
1.02
g/t Au
and
67.91 g/t Ag
or
1.87 g/t AuEq
, including
5.92 m
of
7.64 g/t Au
and
577.67 g/t Ag
or
14.86
g/t AuEq
. This hole again demonstrates the continuity of mineralization from near surface to depth with
both bulk-tonnage and high-grade intervals.
Expansion Potential
Drill holes 20CCDD101 and 20CCDD048 were drilled below the modelled pit outline (Figure 1) and
returned
58.25 m
of
1.18 g/t Au
and
30.58 g/t Ag
or
1.56 g/t AuEq
and
4.82 m
of
11.58 g/t Au
and
711.85 g/t Ag
or
20.48 g/t AuEq
respectively. Both holes have extended mineralization to the southeast,
where there is no historical drilling, demonstrating significant potential for discovering additional gold
and silver ounces to the Cliff Creek deposit during the upcoming 2021 drill program. The entire Cliff
Creek Zone remains open in all directions and shows strong potential for more expansion at depth in
high-grade material.
Table #1:
New results from the Cliff Creek Zone.
Hole ID
FROM
TO
INTERVAL
Au (ppm)
Ag (ppm)
AuEq
(ppm)
20CCRC039
67.06
76.20
9.14
0.57
7.49
0.66
100.58
123.44
22.86
0.77
9.10
0.88
incl
117.35
118.87
1.52
5.78
14.20
5.96
20CCRC078
47.24
91.44
44.20
1.15
28.73
1.51
47.24
82.30
35.06
1.36
34.70
1.80
79.25
80.77
1.52
6.43
245.00
9.49
86.87
91.44
4.57
0.62
11.67
0.77
103.63
129.54
25.91
0.83
67.28
1.67
124.97
126.49
1.52
3.39
458.00
9.12
20CCRC079
131.06
137.16
6.10
0.71
15.56
0.91
150.88
153.92
3.04
4.23
250.90
7.36
185.93
187.45
1.52
6.57
181.00
8.83
20CCRC080
27.43
38.10
10.67
1.69
92.78
2.85
30.48
32.00
1.52
3.88
268.00
7.23
20CCDD007
217.00
225.38
8.38
0.58
23.69
0.87
incl
217.00
217.74
0.74
2.20
24.10
2.50
incl
224.24
225.38
1.14
2.04
107.00
3.38
276.00
282.00
6.00
1.84
49.13
2.45
incl
281.00
282.00
1.00
6.19
158.00
8.17
20CCDD013
59.00
79.95
20.95
0.85
22.10
1.13
146.71
150.00
3.29
1.16
43.00
1.70
195.00
212.19
17.19
0.98
31.72
1.38
20CCDD016
96.45
105.00
8.55
1.27
45.08
1.84
incl
101.00
102.00
1.00
3.54
173.00
5.70
20CCDD017
115.87
135.00
19.13
0.26
6.21
0.34
232.00
264.00
32.00
0.76
14.09
0.93
incl
259.00
260.00
1.00
5.01
33.80
5.43
20CCDD037
164.00
172.00
8.00
0.78
9.94
0.90
188.00
193.05
5.05
4.53
184.89
6.84
incl
190.40
191.00
0.60
24.60
1025.00
37.41
253.00
278.00
25.00
0.45
12.77
0.61
255.08
259.00
3.92
1.47
43.08
2.01
incl
255.08
256.00
0.92
4.98
117.00
6.44
20CCDD040
169.12
176.00
6.88
0.52
6.35
0.60
214.84
233.00
18.16
0.78
14.31
0.96
20CCDD040
incl
216.00
217.00
1.00
6.43
58.00
7.15
246.00
250.00
4.00
1.73
127.20
3.32
20CCDD048
394.00
409.00
15.00
0.48
10.28
0.61
491.00
495.82
4.82
11.58
711.85
20.48
491.00
494.41
3.41
15.29
978.91
27.53
20CCDD058
45.00
58.00
13.00
0.44
15.72
0.64
73.00
175.89
102.89
0.52
11.00
0.66
incl
81.00
88.00
7.00
2.45
55.37
3.14
20CCDD059
123.00
151.80
28.80
0.49
8.09
0.59
211.00
245.45
34.45
0.93
25.22
1.25
20CCDD060
105.00
106.00
1.00
1.43
3.41
1.47
146.89
148.68
1.79
1.29
2.83
1.32
183.85
188.74
4.89
1.02
6.72
1.10
202.96
205.00
2.04
3.53
213.33
6.20
incl
204.00
205.00
1.00
6.40
404.00
11.45
212.00
218.00
6.00
0.43
46.87
1.02
241.73
340.50
98.77
1.10
23.17
1.39
279.50
280.28
0.78
15.35
3.87
15.40
321.47
322.22
0.75
11.95
545.00
18.76
324.00
325.00
1.00
13.90
402.00
1.36
373.00
374.00
1.00
5.78
13.05
5.94
432.21
437.00
4.79
1.70
137.78
3.42
435.22
436.00
0.78
8.09
460.00
13.84
20CCDD079***
3.00
57.72
54.72
2.86
152.18
4.76
incl
5.00
7.00
2.00
5.81
484.50
11.86
and
9.00
12.00
3.00
5.52
273.33
8.93
and
24.00
28.00
4.00
13.64
649.13
21.76
incl
27.00
28.00
1.00
39.80
1960.00
64.30
109.08
128.30
19.22
1.59
51.95
2.24
incl
122.58
124.00
1.42
13.95
414.00
19.13
20CCDD080
155.00
186.00
31.00
0.34
11.22
0.48
or
164.00
167.00
3.00
0.69
29.13
1.06
172.50
181.00
8.50
0.61
19.76
0.85
184.30
186.00
1.70
0.55
25.44
0.87
201.10
240.13
39.03
0.70
22.78
0.99
219.00
229.21
10.21
1.57
59.08
2.31
20CCDD085
47.00
56.00
9.00
0.81
34.49
1.24
108.00
114.00
6.00
0.88
30.17
1.26
138.08
156.00
17.92
0.91
19.59
1.16
20CCDD091
69.00
71.00
2.00
0.76
1.12
0.77
144.00
144.91
0.91
0.43
62.30
1.21
319.00
329.23
10.23
1.02
28.69
1.38
including
327.00
328.40
1.40
4.95
125.39
6.52
350.00
365.20
15.20
0.59
15.45
0.78
20CCDD101
148.00
149.00
1.00
0.84
133.00
2.50
220.00
221.00
1.00
21.30
593.00
28.71
252.00
262.00
10.00
0.38
34.19
0.80
296.75
355.00
58.25
0.81
26.75
1.15
309.80
317.55
7.75
2.19
120.87
3.70
309.80
310.55
0.75
9.74
319.00
13.73
20CCDD103
21.32
80.00
58.68
1.18
30.58
1.56
incl
43.00
55.69
12.69
1.63
30.38
2.01
and
68.00
76.91
8.91
3.53
122.58
5.06
incl
69.00
71.00
2.00
9.13
274.00
12.55
100.00
110.87
10.87
0.50
33.02
0.91
20CCDD105
11.00
16.00
5.00
3.36
35.99
3.81
21.85
24.22
2.37
1.48
3.41
1.52
66.00
94.58
28.58
1.17
32.15
1.58
incl
88.05
89.00
0.95
6.93
312.00
10.83
114.39
117.83
3.44
0.38
13.92
0.56
20CCDD106***
12.00
22.00
10.00
1.32
3.93
1.37
133.00
134.00
1.00
1.25
82.60
2.28
182.00
294.62
112.62
1.02
67.91
1.87
247.00
255.71
8.71
3.27
98.56
4.50
incl
247.00
248.00
1.00
12.55
90.90
13.69
and
288.70
294.62
5.92
7.64
577.67
14.86
incl
289.70
290.22
0.52
13.35
1955.00
37.79
392.36
394.00
1.64
2.39
128.00
3.99
*
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.
*** Intervals are core-length. True width is unknown.
Figure 2 -
Cliff Creek Gold Silver Deposit Drillhole Collars and Map
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6169/80003_67d32b53f442bb6d_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.
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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