Benchmark Drills 69.45 Metres of 3.26 g/t Gold Equivalent from Surface at AGB Zone
Benchmark Drills 69.45 Metres of 3.26 g/t Gold
Equivalent from Surface at AGB Zone
Edmonton, Alberta--(Newsfile Corp. - January 29, 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 that continue to deliver both bulk-tonnage and high-
grade mineralization including,
69.45 metres
(m) of
1.76 grams per tonne
(g/t) gold
and
119.46 g/t
silver
or
3.26 g/t gold equivalent
* (AuEq) and
0.88 m of 15.55 g/t gold
and
3490.00 g/t silver
or
59.18 g/t AuEq
. Drilling to date has outlined near surface gold-silver mineralization over a 650+ m strike
length and to 270 m vertical depth. The entire zone remains open in all directions and shows
considerable potential for further expansion. 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, "Results at AGB are providing indications for bulk-tonnage mining,
yielding higher grade gold and silver compared to the neighbouring Cliffs Creek and Dukes Ridge
zones. The majority of drilling to date has encountered significant near surface, shallow gold-silver
mineralization that remains open in all directions for expansion. This zone saw a small amount of
underground mining +30 years ago, but the new results are showing potential for an open pit mining
scenario."
AGB Zone Highlights:
During 2020, 15,484 m in 79 drill holes were completed at AGB;
Drilling has expanded gold-silver mineralization to over a 650+ m strike length and at least 270 m
vertical depth;
Results include broad bulk-tonnage zones, higher-grade bulk tonnage zones and high-grade
zones;
Drilling has confirmed high-grade mineralization remains on either side of the main historic
underground stope, flanked by bulk-tonnage mineralization;
Sampled backfilled material within the main underground stope, from multiple drill locations has
verified the material is mineralized with significant intercepts including 12.19 m of 5.70 g/t Au and
234.60 g/t Ag or 8.64 g/t AuEq, and;
20AGBDD021 intercepted a new zone of high-grade mineralization at depth, 50 m below the early
2020 modelled $1,600 optimized pit shell, continuing to expand the mineralized dimensions of the
AGB zone.
A number of the drill holes were designed to test near surface mineralization adjacent to the main
historical AGB stope that was mined during the late 1980's. Drill holes 20AGBDD007 and
20AGBDD0021 were drilled from east to west and returned significant mineralization in the footwall of
the stope from surface, in addition to high-grade backfilled material within the stope (20AGBDD021
only), and broad zones of both bulk-tonnage and high-grade mineralization in the hangingwall. The
remainder of the drill hole results presented continue to deliver excellent intercepts of both high-grade
and bulk-tonnage mineralization throughout the entire AGB zone that remains open.
Table 1:
Drill Results Summary from the AGB Zone.
Drillhole
From (m)
To (m)
Interval (m)**
Gold (g/t)
Silver (g/t)
Au-Eq (g/t)*
20AGBDD007
4.00
15.67
11.67
0.89
40.73
1.40
83.80
119.00
35.20
2.22
75.37
3.16
incl
95.00
97.00
2.00
12.33
240.00
15.33
and
104.50
108.00
3.50
9.75
133.53
11.41
incl
104.50
106.00
1.50
19.66
240.67
22.67
94.00
132.00
38.00
0.53
29.66
0.90
20AGBDD010
incl
105.00
128.00
23.00
0.78
36.76
1.23
and
116.00
128.00
12.00
1.22
50.61
1.86
20AGBDD011
144.00
146.00
2.00
1.21
22.95
1.49
160.00
165.00
5.00
0.66
35.14
1.10
205.00
227.00
22.00
0.39
31.48
0.79
205.00
215.00
10.00
0.70
50.59
1.33
205.00
206.00
1.00
3.55
255.00
6.74
20AGBDD012
178.00
180.00
2.00
1.35
14.95
1.53
254.00
284.00
30.00
0.77
45.66
1.34
20AGBDD013
323.00
339.00
16.00
0.30
41.75
0.82
20AGBDD014
86.00
89.00
3.00
0.41
60.12
1.16
122.05
155.00
32.95
0.72
27.45
1.07
20AGBDD016
152.00
156.00
4.00
0.78
55.69
1.48
171.00
178.00
7.00
0.29
25.24
0.60
20AGBDD017
81.00
98.11
17.11
0.82
50.55
1.46
203.68
210.00
6.32
0.74
59.30
1.48
20AGBDD019
125.81
134.55
8.74
0.61
52.93
1.28
20AGBDD021***
3.55
73.00
69.45
1.76
119.46
3.26
incl
3.55
20.00
16.45
2.73
266.59
6.07
incl
3.55
8.34
4.79
7.96
704.06
16.76
and
20.00
32.19
12.19
5.70
234.60
8.64
and
32.19
73.00
40.81
0.19
25.76
0.52
152.00
161.00
9.00
0.43
21.31
0.69
213.00
226.00
13.00
1.08
345.17
5.40
incl
216.55
221.00
4.45
2.72
858.33
13.45
20AGBDD022****
19.00
32.25
13.25
0.31
38.00
0.78
27.00
32.25
5.25
0.63
63.39
1.42
155.00
170.38
15.38
0.91
47.94
1.51
20AGBDD024*****
9.00
13.71
4.71
3.15
711.28
12.04
12.12
13.00
0.88
15.55
3490.00
59.18
89.50
129.00
39.50
0.33
37.91
0.80
89.50
100.00
10.50
0.49
54.53
1.17
*
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, with the exception of drill holes 20AGBDD007 and
20AGBDD021 that were drilled semi-parallel to the mineralized zones.
***
First interval includes backfill in the UG workings from 20.00-32.19m.
****
Ended in void at 170.38-173.43m
***** Drilled through void/stope between 78.94-89.50m
Figure 1 - AGB Drillhole Collars and Map
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6169/73085_dc00a865a4d2ebf9_001full.jpg
Figure 2 - AGB Zone cross section
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6169/73085_dc00a865a4d2ebf9_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.
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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