Benchmark Drills 8.20 Metres of 49.38 g/t Gold Equivalent Within 177.20 Metres of 3.21 g/t Gold Equivalent at the Cliff Creek Deposit
Benchmark Drills 8.20 Metres of 49.38 g/t Gold
Equivalent Within 177.20 Metres of 3.21 g/t
Gold Equivalent at the Cliff Creek Deposit
Edmonton, Alberta--(Newsfile Corp. - January 28, 2022) -
Benchmark Metals Inc.
(TSXV: BNCH)
(OTCQX: BNCHF) (WKN: A2JM2X) (the "
Company
" or "
Benchmark
") - is pleased to announce new
results from 9 infill and expansion drill holes from the southern portion of the Cliff Creek deposit area
(Cliff Creek South - CCS). Drilling has intersected broad zones of bulk-tonnage and high-grade
mineralization including
177.20
metres (m) core length of 1.73 grams per tonne (g/t) gold and
117.87 g/t silver or 3.21 g/t gold equivalent (AuEq)*
with 8.20 m of 23.83 g/t gold and 2044.15 g/t
silver or 49.38 g/t AuEq
in drill hole 21CCDD061 (Figure 1). These new drill results continue to test
and expand beyond the limits of the 2021 modelled pit shell and demonstrate strong continuity of
mineralization from surface to
over 450 vertical metres
depth (Figure 2). Expansion potential at CCS
remains open with the potential for open-pit resources at surface as well as high-grade material at depth
for underground mining. 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, "Benchmark has grown the Cliff Creek South area from a new gold-
silver discovery at surface that now extends to 450 metres depth. The entire Cliff Creek Deposit remains
open at depth with significant high-grade material. Expansion and infill drilling at the south end of the Cliff
Creek Deposit continues to generate significant, long intersections of gold-silver mineralization. Drilling
is providing continuity and extending gold-silver mineralization to greater depths. The CCS area is
providing optionality for open pit mining and/or underground mining that holds bulk tonnage high-grade
gold and silver material at depth."
Highlights
Delivered strong results along the limits of the 2021 $1600 modelled pit shell including
112.09 m
core length of 1.21 g/t gold and 30.70 g/t silver or 1.60 AuEq with 44.80 m of 2.05 g/t gold
and 18.07 g/t silver or 2.28 g/t AuEq in drill hole 21CCDD044
; and
95.55 m core length of
1.30 g/t gold and 47.89 g/t silver or 1.90 g/t AuEq with 21.00 m of 4.04 g/t gold and 84.12 g/t
silver or 5.09 g/t AuEq in drill hole 21CCDD049
, and;
Excellent infill and expansion drilling results that continue to confirm the continuity of this robust
mineralizing system along-strike and at-depth beyond the 2021 modelled pit shell (Table 1), and;
Potentially reducing the strip ratio by continuing to yield high-grade material with enveloping broad
and high-grade bulk-tonnage material.
Figure 1: Plan map at the Cliff Creek Deposit
highlighting new 2021 drill results.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6169/111917_36d4932af4ac395f_001full.jpg
Figure 2: Long-section at the Cliff Creek South Zone
showing gold and silver results from a series
of drill holes.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6169/111917_36d4932af4ac395f_002full.jpg
Table 1: Drill results summary from the Cliff Creek South Zone
Drillhole
From (m)
To (m)
Interval (m)*
Au (g/t)
Ag (g/t)
AuEq (g/t)**
21CCDD028
110.00
122.12
12.12
1.79
162.25
3.82
120.73
121.52
0.79
16.45
1505.00
35.26
269.00
282.20
13.20
0.29
42.54
0.82
271.00
272.25
1.25
2.62
236.00
5.57
421.80
433.78
11.98
0.66
19.06
0.90
433.30
433.78
0.48
6.56
335.00
10.75
21CCDD039
359.00
361.00
2.00
0.92
19.74
1.17
419.42
531.51
112.09
0.68
5.07
0.74
442.00
448.00
6.00
4.91
5.39
4.97
441.00
444.00
3.00
6.28
6.36
6.35
21CCDD043
182.00
281.00
99.00
0.71
20.73
0.97
243.00
253.00
10.00
2.34
81.69
3.36
241.00
244.00
3.00
5.64
31.07
6.02
21CCDD044
212.00
254.00
42.00
0.48
23.58
0.77
incl.
243.00
245.00
2.00
1.90
129.25
3.51
326.15
331.85
5.70
0.70
87.84
1.80
372.00
496.00
124.00
1.21
30.70
1.60
incl.
399.00
402.00
3.00
11.58
284.74
15.14
and
439.20
484.00
44.80
2.05
18.07
2.28
incl.
439.20
440.00
0.80
34.60
9.59
34.72
21CCDD049
332.00
351.00
19.00
1.97
9.78
2.10
incl.
343.00
344.00
1.00
22.70
54.00
23.38
402.00
497.55
95.55
1.30
47.89
1.90
incl.
462.00
483.00
21.00
4.04
84.12
5.09
incl.
462.00
463.00
1.00
20.40
778.00
30.13
21CCDD051
143.00
257.20
114.20
0.52
13.65
0.69
143.00
202.00
59.00
0.46
14.53
0.64
143.00
144.00
1.00
5.24
152.00
7.14
230.00
257.20
27.20
1.06
22.99
1.35
245.15
246.20
1.05
11.55
133.00
13.21
21CCDD053
3.00
17.00
14.00
0.51
64.82
1.32
4.00
5.00
1.00
4.26
512.00
10.66
136.00
143.00
7.00
0.60
15.61
0.79
172.00
276.11
104.11
0.63
20.83
0.89
247.00
250.00
3.00
5.19
353.05
9.60
21CCDD061
111.00
122.83
11.83
0.25
52.28
0.90
incl.
120.00
121.03
1.03
0.70
279.00
4.19
176.00
353.20
177.20
1.73
117.87
3.21
incl.
333.35
350.60
17.25
14.24
1102.99
28.03
incl.
337.80
346.00
8.20
23.83
2044.15
49.38
incl.
340.00
341.00
1.00
38.30
3740.00
85.05
21CCDD081
213.00
318.00
105.00
0.84
9.15
0.95
257.00
260.00
3.00
8.67
49.73
9.29
*
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. 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.
Stock Options Granted
The Company has granted 6,325,000 stock options at an exercise price of $1.10 to employees and
consultants. The options shall expire and terminate on January 26, 2027. These stock options have been
granted in accordance with the Company's Stock Option Plan. Pursuant to this plan, the Company is
authorized to grant an aggregate of up to 10% of its issued and outstanding common shares on a rolling
basis.
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.
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/111917