Benchmark Expands Marmot Zone to over 350 Metres Strike-Length with Broad Intersection of Alteration and Mineralization and Remains Open for Expansion
Benchmark Expands Marmot Zone to over 350
Metres Strike-Length with Broad Intersection
of Alteration and Mineralization and Remains
Open for Expansion
Edmonton, Alberta--(Newsfile Corp. - September 2, 2021) -
Benchmark Metals Inc.
(TSXV: BNCH)
(OTCQX: BNCHF) (WKN: A2JM2X) (the "
Company
" or "
Benchmark
") is pleased to provide an
update on its ongoing exploration at the Marmot and Marmot East zones. The footprint for the Marmot
zone now extends beyond 350 metres strike-length, with gold-silver mineralization at surface supported
by geophysics, geochemistry, structural mapping and shallow drilling from surface. Drilling at the Marmot
zone began in late July with initial visual results being comparable to last years discovery hole
20MLDD005 that returned
101.00 metres
(core length) of
0.82 g/t AuEq
(including 18.00 metres of 2.5
g/t Au). New target and deposit expansion drilling continue throughout Benchmark's flagship - Lawyers
Gold-Silver Project, located within the Golden Horseshoe area of north-central British Columbia,
Canada.
Drilling at the Marmot zone is targeting ~1,550 metres of a north-northwest-trending structural corridor
that is interpreted as a significant control on mineralization. Recent visual results from drill hole
21MLDD009 include an intercept from 69 to125 metres that consists of a broad zone of intense
alteration characterized by strong silicification, sericitization, increased pyrite content, and multiphase
hydrothermal breccias bound by a major mineralized fault structure (Figure 1). This zone is ~350 metres
along-strike to the northwest of last years discovery hole within a geochemical footprint of high-grade
rock grab samples, lying on the margins of a ~400 metre diameter IP chargeability anomaly at the
intersection with a major north-northeast-trending structure (Figure 2). The chargeability anomaly was
defined by ground geophysics in August 2021 and is coincident with high magnetic and resistivity
signatures characteristic of massive silica and sulphide mineralization.
Figure 1: Close-up photograph of multi-phase breccia textures with silica and hematite
alteration, sulphide veinlets, and sulphidic fault
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6169/95242_155b60a8645c3a6f_001full.jpg
John Williamson, CEO commented, "This latest intercept of visible mineralization within a broad
alteration zone in 21MLDD009 is 350 metres along-strike from our discovery hole at Marmot and
demonstrates the developing continuity and robust nature of this system. This visual result continues to
demonstrate the significant potential of the Marmot zone to generate near-surface gold and silver ounces
as a potential satellite deposit within 3 kilometres of our resource zones."
To date a total of 2,734 metres in 9 drillholes have been completed at Marmot with an additional 488
metres in 2 drillholes at Marmot East. A total of 12,500 metres of exploration drilling has been planned at
the Marmot and Marmot East targets to follow up on the 2020 discovery hole.
Figure 2: Marmot and Marmot East overlying chargeability geophysical survey (100m depth
slice)
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6169/95242_155b60a8645c3a6f_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 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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