Benchmark Drills 66.00 Metres of 2.98 g/t AuEq Expanding near Surface Mineralization at the AGB Zone
Benchmark Drills 66.00 Metres of 2.98 g/t
AuEq Expanding near Surface Mineralization
at the AGB Zone
Edmonton, Alberta--(Newsfile Corp. - March 31, 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 AGB zone including,
66.00
metres
(m) of
2.34
grams per
tonne
(g/t)
gold
and
51.48
g/t silver
or
2.98
g/t gold equivalent
* (AuEq) and
5.00 m of 15.31 g/t
gold
and
180.80
g/t silver
or
17.57 g/t AuEq
in drill hole 20AGBDD039. This drill hole was the most
southerly drilled during the 2020 campaign and returned high-grade gold and silver intervals beginning
near to surface. A broad zone of strong mineralization is emerging at the southern extent of the >650 m
long AGB zone that remains open at depth and along strike. Planning for the 2021 drill program is
underway to target the southern extents due to its potential to add additional near-surface, open-pittable
gold and silver ounces to the AGB deposit. Benchmark's flagship Lawyers Gold-Silver Project is located
in a road-accessible area of the Golden Horseshoe in north-central British Columbia, Canada.
John Williamson, CEO, commented, "These drill results demonstrate strong continuity and higher-grade
gold and silver material near surface. The results are providing a path to expand the AGB zone to the
south and to depth. This zone is showing potential to become a higher-grade, initial open pit mine that
would return substantial economics in the opening years of a mining scenario."
Figure 1 -
AGB plan map and long section
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6169/78982_36c8bbf9543d2967_001full.jpg
As illustrated in Figure 1 the southern extent of the AGB zone has seen very limited historical drilling with
most of the drill holes in this region being completed as part of a late 2020 step-out and expansion drill
campaign. With very encouraging visual alteration and mineralization observed in the first few holes the
program was expanded to 10+ holes, all of which intersected significant mineralization. New results (
see
press release Mar 17, 2021
) has extended the zone of bulk-tonnage and high-grade mineralization. The
southern area of AGB continues to demonstrate the continuity of the mineralized system from surface to
depth. The 2020 drill results in this particular area are the deepest drilled to date, all have a 60+gram
AuEq times metre (g/t AuEq*m) product, and extend over a strike extent of 150 metres.
Table 1:
Drill Results Summary from the AGB Zone.
Drillhole
FROM (m)
TO (m)
INTERVAL (m)
Au (ppm)
Ag (ppm)
AuEq (ppm)
20AGBDD015
83.00
126.00
43.00
0.24
24.95
0.55
or
83.00
109.00
26.00
0.34
27.68
0.69
191.00
203.00
12.00
0.15
38.62
0.63
20AGBDD018
11.00
23.00
12.00
1.26
30.83
1.64
78.00
99.00
21.00
0.45
34.32
0.88
incl
81.00
89.00
8.00
1.07
46.15
1.65
206.00
214.00
8.00
0.17
29.36
0.54
20AGBDD025
32.00
38.20
6.20
0.14
27.67
0.49
65.85
70.00
4.15
0.54
52.07
1.19
79.10
94.18
15.08
0.46
59.29
1.20
20AGBDD026
11.52
91.86
80.34
0.45
34.02
0.87
incl
46.00
60.94
14.94
1.09
50.18
1.72
187.03
189.14
2.11
0.56
49.41
1.18
20AGBDD033
66.95
88.00
21.05
0.20
37.29
0.67
20AGBDD039
17.00
83.00
66.00
2.34
51.48
2.98
incl
37.00
42.00
5.00
15.31
180.80
17.57
incl
37.00
39.00
2.00
22.90
144.50
24.71
and
68.00
69.00
1.00
12.15
51.90
12.80
and
71.00
72.00
1.00
17.05
32.90
17.46
20AGBDD040
215.00
222.00
7.00
0.72
82.73
1.76
incl
220.80
222.00
1.20
3.65
362.00
8.17
20AGBDD041
44.47
53.33
8.86
0.19
41.07
0.70
91.80
105.00
13.20
0.18
27.22
0.52
20AGBDD043
***
113.35
190.40
77.05
1.07
43.10
1.61
incl
160.40
180.71
20.31
3.64
97.29
4.86
incl
175.40
178.00
2.60
21.90
228.00
24.75
208.74
212.00
3.26
0.94
31.66
1.34
20AGBDD048
****
156.00
195.00
39.00
0.34
11.52
0.49
incl
176.00
184.00
8.00
0.72
9.95
0.85
20AGBDD049
100.00
166.00
66.00
0.63
21.51
0.89
incl
121.00
139.00
18.00
0.82
30.08
1.20
and
161.00
162.66
1.66
10.43
39.22
10.92
incl
162.00
162.66
0.66
19.60
54.70
20.28
20AGBDD053
*****
122.18
126.87
4.69
0.29
13.08
0.45
155.66
198.00
42.34
1.87
99.69
3.11
incl
162.76
163.45
0.69
8.50
323.00
12.54
and
191.00
195.77
4.77
11.97
547.10
18.80
incl
191.00
194.00
3.00
16.17
717.67
25.14
incl
192.00
193.00
1.00
21.30
1680.00
42.30
20AGBDD055
29.00
47.00
18.00
0.24
26.14
0.57
94.00
130.50
36.50
0.09
20.68
0.35
254.00
257.34
3.34
1.08
217.02
3.79
incl
255.07
255.65
0.58
6.08
1120.00
20.08
20AGBDD056
45.38
47.58
2.20
0.36
48.41
0.97
80.00
112.00
32.00
0.51
50.42
1.14
20AGBDD057
******
104.00
150.00
46.00
0.57
37.37
1.04
incl
106.00
107.20
1.20
10.60
335.00
14.79
*
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.
*** Mineralized backfill with poor recovery from 155.66-178.00m
**** Includes 4.5m void with sampled backfilled material
***** Calculation includes a void from 188-191m
******Sampled backfill and poor recovery 107.20-122.00m
Figure 2
- Cross Section of drill hole 20AGBDD039. This section is oblique to the strike of the
mineralization, as shown on Figure 1. This gives the perception of a relatively shallow dip to the
mineralization, however it has a typical steep dip to the southwest and remains open at depth and along
strike.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6169/78982_36c8bbf9543d2967_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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/78982