Benchmark Drills 95.55 Metres of 3.89 g/t Gold Equivalent from Surface at the AGB Zone
Benchmark Drills 95.55 Metres of 3.89 g/t Gold
Equivalent from Surface at the AGB Zone
Edmonton, Alberta--(Newsfile Corp. - January 12, 2022) -
Benchmark Metals Inc.
(TSXV: BNCH)
(OTCQX: BNCHF) (WKN: A2JM2X) (the "
Company
" or "
Benchmark
") is pleased to announce new
results from infill and expansion drilling at the AGB Deposit, including
95.55 metres (m) core length of
3.14 grams per tonne (g/t) gold and 59.85 g/t silver or 3.89 g/t gold equivalent* (AuEq)
in drill hole
21AGBDD045. The company reports 22 drill holes that will positively impact the updated Mineral
Resource Estimate (MRE) to be completed during the first half of 2022. The new results have provided
infill continuity and expansion drill intercepts that continue to grow the AGB area in scope and scale.
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, "Drilling at the AGB Deposit continues to return significant gold and
silver intercepts at the surface and to depth. Areas around the historical stopes provide high-grade gold
and silver that are all within 200 vertical metres from the surface. New drilling is providing the potential to
add significant gold-silver ounces in an area where mineralization begins at surface."
The AGB Deposit extends >650 m in strike-length and remains open in all directions, displaying both
bulk tonnage and high-grade mineralization from the surface. The 2021 drill program is providing
potential to add near-surface, open-pittable gold and silver ounces to the AGB Deposit in addition to
defining an emerging broad zone of strong mineralization at the southernmost extent. Recent infill and
expansion drilling at depth and along strike of the current zone dimensions has the potential to increase
the MRE tonnage of the pit shell design (see Figure 1).
High-Grade and Bulk Tonnage Drill-Hole Highlights
21AGBDD045 - 95.55 metres at 3.14 g/t gold, 59.85 g/t silver and 3.89 g/t AuEq
Including - 7.00 metres at 36.20 g/t gold, 275.83 g/t silver and 39.65 g/t AuEq
21AGBDD0039 - 41 metres at 1.88 g/t gold, 122.63 g/t silver and 3.41 g/t AuEq
Including - 5.10 metres at 10.61 g/t gold, 651.31 g/t silver and 18.75 g/t AuEq
Figure 1: Plan map of Drilling at the AGB Zone
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6169/109851_623a07dd74afa9d8_002full.jpg
Drill holes 21AGBDD045 and 21AGBDD039 intersected a mineralized zone on the eastern flank of the
central AGB Deposit, providing additional higher-grade gold and silver mineralization around historical
stopes (see Figure 2). These results emphasize the significant near-surface high-grade mineralization
that remains at AGB, with the potential to expand the pit shell design to the east and to depth.
Figure 2: Cross-section at the AGB Zone
showing gold and silver results from a series of drill holes,
including 21AGBDD039 and 21AGBDD045.
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6169/109851_623a07dd74afa9d8_003full.jpg
AGB Deposit Resource
The 2021 Mineral Resource Estimate (
May 14, 2021
) at the AGB Deposit established 419,000 ounces
AuEq at 1.77 g/t AuEq Indicated and 55,000 ounces AuEq at 1.50 g/t AuEq Inferred. The Company
anticipates new drilling will positively impact and expand gold-silver ounces at the AGB Zone.
During
2021, Benchmark drilled 81 holes totaling 16,709.45 metres. This drilling included expansion drilling to
extend mineralization and infill drilling to remove gaps within the Mineral Resource Estimate.
The AGB 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.
Table 1: Drill results summary from the AGB Zone
Drillhole
From (m)
To (m)
Interval
(m)*
Au (g/t)
Ag (g/t)
AuEq (g/t)
21AGBDD007
106.00
114.92
8.92
0.55
21.55
0.82
incl
109.27
110.00
0.73
5.57
48.60
6.18
and
133.00
191.00
58.00
0.26
23.21
0.55
incl
183.00
189.00
6.00
1.12
30.30
1.49
299.00
307.00
8.00
1.35
165.55
3.42
incl
302.00
303.00
1.00
7.75
1221.35
26.08
21AGBDD011
158.00
162.00
4.00
0.55
35.85
1.00
and
187.00
190.00
3.00
0.61
21.08
0.87
and
266.62
299.00
32.38
0.85
38.68
1.34
incl
269.00
270.08
1.08
4.05
120.00
5.55
148.00
172.85
24.85
0.70
7.03
0.79
21AGBDD015
incl
152.00
155.00
3.00
3.86
17.16
4.08
and
193.00
225.85
32.85
1.50
3.07
1.53
incl
208.67
210.70
2.03
15.87
7.58
15.96
and
338.40
342.00
3.60
3.33
16.61
3.53
incl
339.00
340.00
1.00
11.00
28.60
11.36
21AGBDD017
122.00
141.00
19.00
0.64
6.52
0.72
incl
126.00
127.00
1.00
9.72
6.91
9.81
246.00
283.11
37.11
0.44
28.33
0.80
incl
246.00
272.00
26.00
0.58
35.40
1.02
253.54
259.00
5.46
1.77
96.95
2.98
253.54
254.10
0.56
10.30
4.21
10.35
21AGBRC020
96.01
106.68
10.67
0.77
26.43
1.10
incl
102.11
103.63
1.52
2.99
64.90
3.80
21AGBDD021
171.00
180.00
9.00
0.63
54.05
1.31
incl
172.00
173.00
1.00
2.88
169.00
4.99
314.98
362.80
47.82
0.24
25.46
0.56
incl
359.00
359.48
0.48
9.43
264.00
12.73
21AGBDD022
94.00
101.00
7.00
0.18
40.99
0.69
128.00
139.15
11.15
2.15
53.90
2.83
incl
134.00
134.78
0.78
18.20
387.00
23.04
230.00
264.00
34.00
0.90
14.90
1.08
incl
238.00
239.00
1.00
8.75
18.25
8.98
and
307.00
335.00
28.00
0.76
30.38
1.14
incl
324.00
330.46
6.46
2.81
80.85
3.82
21AGBDD032
157.00
172.00
15.00
0.15
18.54
0.38
210.00
234.00
24.00
1.58
40.76
2.09
incl
216.00
217.00
1.00
7.76
24.30
8.06
and
233.00
234.00
1.00
15.90
12.60
16.06
244.77
249.05
4.28
0.36
8.71
0.47
281.97
287.00
5.03
0.17
8.97
0.28
306.20
316.00
9.80
0.06
21.02
0.32
21AGBDD035
169.00
181.08
12.08
1.27
64.05
2.07
incl
174.75
175.45
0.70
4.07
81.50
5.09
21AGBDD036
30.50
37.50
7.00
0.21
27.78
0.56
89.16
115.16
26.00
0.43
60.23
1.18
incl
113.00
114.50
1.50
2.02
214.00
4.70
21AGBDD0039
48.00
75.00
27.00
0.18
37.27
0.65
112.00
153.00
41.00
1.88
122.63
3.41
incl
137.90
143.00
5.10
10.61
651.31
18.75
139.29
139.77
0.48
14.65
1010.00
27.28
21AGBDD042
81.00
136.11
55.11
0.42
44.52
0.98
incl
129.46
130.25
0.79
9.73
478.00
15.71
21AGBDD043
87.75
136.00
48.25
1.12
30.56
1.50
107.56
114.71
7.15
2.06
78.36
3.04
108.70
109.85
1.15
8.31
111.00
9.70
128.00
128.87
0.87
28.70
172.00
30.85
21AGBDD044
5.88
90.00
84.12
0.50
32.49
0.90
incl
67.00
70.00
3.00
3.33
51.06
3.97
21AGBDD045
2.45
98.00
95.55
3.14
59.85
3.89
incl
77.00
84.00
7.00
36.20
275.83
39.65
incl
80.00
83.08
3.08
60.14
236.39
63.10
21AGBDD048
3.00
36.00
33.00
0.45
59.22
1.20
incl
19.00
20.00
1.00
8.79
792.00
18.69
21AGBDD049
4.65
55.00
50.35
0.60
65.95
1.43
incl
4.65
10.35
5.70
3.88
303.31
7.67
incl
6.71
8.66
1.95
8.05
658.48
16.28
21AGBDD050
106.00
138.25
32.25
0.19
16.36
0.40
21AGBDD051
133.00
163.00
30.00
0.43
8.42
0.53
21AGBDD052
156.00
173.00
17.00
0.44
10.72
0.58
21AGBRC011
0.00
111.25
111.25
0.63
23.10
0.92
incl
24.38
85.34
60.96
0.82
26.09
1.15
and
99.06
109.73
10.67
1.30
27.69
1.65
21AGBRC024
73.15
77.72
4.57
0.62
8.73
0.73
92.96
103.63
10.67
1.47
5.68
1.55
*
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.
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.
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