Benchmark Drills 49.10 Metres of 2.36 G/t Gold Equivalent at the Dukes Ridge Deposit and Extends Mineralization from Surface to 220 Metres Depth
Benchmark Drills 49.10 Metres of 2.36 G/t Gold
Equivalent at the Dukes Ridge Deposit and
Extends Mineralization from Surface to 220
Metres Depth
Edmonton, Alberta--(Newsfile Corp. - January 24, 2022) - Benchmark Metals Inc.
(TSXV: BNCH)
(OTCQX: BNCHF) (WKN: A2JM2X) (the "
Company
" or "
Benchmark
") is pleased to announce new
results from 27 infill and expansion drill holes at the Dukes Ridge Deposit, including
49.10 metres (m)
core length of 1.86 grams per tonne (g/t) gold and 39.96 g/t silver or 2.36 g/t gold equivalent
(AuEq)*
with 3.84 m of 12.50 g/t gold and 240.16 g/t silver or 15.50 g/t AuEq
in drill hole
21DRDD005 (Figure 1). These new drill results have the potential to positively impact the updated
Mineral Resource Estimate (MRE) scheduled for completion during the first half of 2022. Drilling has
also extended mineralization, which remains open, below the 2021 modelled pit shell to a depth of over
220 vertical metres (Figure 2), with additional drilling planned to test the along-strike expansion potential
of the mineralizing system. Benchmark's flagship Lawyers Gold-Silver Project is located within a road-
accessible region of the prolific Golden Horseshoe area of north-central British Columbia, Canada.
John Williamson, CEO, commented, "The Dukes Ridge area is providing significant expansion potential
from the recent drill program. The area remains open in all directions with infill drilling replacing gaps in
the Mineral Resource at surface with higher-grade gold and silver material. January 2022 drilling has
started at Dukes with two drill rigs focused on proving-up more mineralization at surface and expending
gold-silver areas beyond 220 metres vertical depth."
Highlights
High-grade near surface intercepts potentially contributing to higher-grade starter pits and
significant rewards to future mine production schedules and project economics, and;
Increasingly robust mineralization within the northwest portion of the Dukes Ridge deposit,
marginal to the Connector Zone, including near-surface
31.50 m core length of 1.45 g/t gold and
13.65 g/t silver or 1.62 g/t AuEq with 3.05 m of 11.17 g/t gold and 67.27 g/t silver or 12.01 g/t
AuEq
in drill hole 21DRDD001 (Figure 1), and;
Extension of mineralization beyond the 2021 modelled pit shell including
64.48 m core length of
0.70 g/t gold and 29.02 g/t silver or 1.06 g/t AuEq with 3.00 m of 4.88 g/t gold and 270.79 g/t
silver or 8.26 g/t AuEq
in drill hole 21DRDD003 (Figure 2).
Dukes Ridge Deposit Resource
The 2021 Mineral Resource Estimate (
May 14, 2021
) at the Dukes Ridge Deposit established 109,000
ounces AuEq at 1.29 g/t AuEq Indicated. The Company anticipates new drilling will positively impact
expansion and grade to the Dukes area. The January 2022 drill program has started at the Dukes area
with a focus on shallow drilling and areas with higher grade gold-silver mineralization.
The Dukes Ridge Deposit forms part of a global Mineral Resource Estimate from 3 separate but nearby
deposits that delivered 2.1 million ounces of 1.62 g/t AuEq Indicated and 821,000 ounces of 1.57 g/t
AuEq Inferred for its initial Mineral Resource Estimate. All Resource areas are open to expansion from
recent drilling and will see the addition of gold-silver from new zones that include the Connector and Mid-
Cliff Creek zones.
Figure 1: Plan map at the Dukes Ridge Zone
highlighting new 2021 drill results.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6169/111285_35c5b9953448885e_001full.jpg
Figure 2: Long-section at the Dukes Ridge Deposit providing gold and silver from a series of
results.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6169/111285_35c5b9953448885e_002full.jpg
Table 1: Drill results summary from the Dukes Ridge Zone
Drillhole
From
(m)
To
(m)
Interval
(m) *
Au
(g/t)
Ag
(g/t)
AuEq
(g/t)**
21DRDD001
24.00
55.50
31.50
1.45
13.65
1.62
incl.
31.00
34.05
3.05
11.17
67.27
12.01
21DRDD002
188.00
193.00
5.00
0.49
29.62
0.86
214.00
274.31
60.31
0.60
31.70
1.00
incl.
230.80
232.00
1.20
14.00
1213.00
29.16
21DRDD003
204.00
205.00
1.00
1.96
90.60
3.09
252.00
316.48
64.48
0.70
29.02
1.06
incl.
274.00
277.00
3.00
4.88
270.79
8.26
and
313.00
316.48
3.48
2.30
109.32
3.67
21DRDD004
231.00
248.00
17.00
0.31
10.79
0.44
260.00
294.00
34.00
0.46
10.78
0.59
21DRDD005
241.00
290.10
49.10
1.86
39.96
2.36
incl.
262.00
265.00
3.00
5.11
31.15
5.50
incl.
285.25
289.09
3.84
12.50
240.16
15.50
21DRDD007
255.00
306.06
51.06
0.44
10.53
0.58
incl.
300.57
303.00
2.43
3.36
59.30
4.10
21DRDD009
27.83
28.79
0.96
7.82
29.10
8.18
21DRDD010
268.20
303.23
35.03
1.14
20.64
1.39
incl.
292.40
297.00
4.60
6.17
89.72
7.29
21DRDD011
131.00
133.00
2.00
2.24
112.20
3.64
21DRDD014
112.00
134.00
22.00
0.96
51.91
1.61
incl.
122.08
122.55
0.47
11.80
1050.00
24.93
21DRDD015
72.44
117.00
44.56
0.24
8.24
0.35
incl.
102.00
103.00
1.00
2.30
31.20
2.69
21DRRC002
1.52
13.72
12.19
3.41
58.22
4.13
incl.
6.10
9.14
3.05
12.00
189.20
14.37
56.39
60.96
4.57
0.84
16.82
1.06
21DRRC005
0.00
10.67
10.67
3.45
181.81
5.72
incl.
4.57
9.14
4.57
7.23
385.00
12.04
21DRRC006
10.67
65.53
54.86
0.51
21.80
0.78
21DRRC007
32.00
123.44
91.44
0.56
19.53
0.80
incl.
57.91
71.63
13.72
1.43
67.76
2.28
incl.
68.58
71.63
3.05
2.95
69.70
3.82
21DRRC008
13.72
32.00
18.29
0.34
8.83
0.46
21DRRC009
0.00
27.43
27.43
0.48
25.83
0.81
incl.
9.14
27.43
18.29
0.68
35.17
1.12
39.62
41.15
1.52
1.60
15.55
1.79
80.77
92.96
12.19
0.14
5.29
0.21
21DRRC010
126.49
135.64
9.14
0.49
13.25
0.66
21DRRC011
105.16
117.35
12.19
0.64
6.33
0.72
21DRRC012
9.14
45.72
36.58
0.31
9.67
0.43
incl.
16.76
18.29
1.52
3.57
76.60
4.53
21DRRC013
1.52
88.39
86.87
0.39
12.23
0.55
incl.
9.14
19.81
10.67
1.13
37.32
1.59
21DRRC014
3.05
71.63
68.58
0.34
8.64
0.45
21DRRC015
62.48
89.92
27.43
0.36
9.94
0.48
21DRRC016
111.25
123.44
12.19
1.64
28.68
2.00
21DRRC017
0.00
1.52
1.52
1.80
5.65
1.87
21DRRC018
1.52
21.34
19.81
0.81
61.18
1.57
incl.
3.05
6.10
3.05
2.07
117.55
3.54
21DRRC019
73.15
126.49
53.34
0.31
16.67
0.52
incl.
74.68
76.20
1.52
0.43
14.75
0.61
*
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.
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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/111285