Benchmark Expands New Discovery Area with 77.00 Metres at 1.56 g/t Gold Equivalent of Gold-Silver Mineralization
Benchmark Expands New Discovery Area with
77.00 Metres at 1.56 g/t Gold Equivalent of
Gold-Silver Mineralization
Edmonton, Alberta--(Newsfile Corp. - May 24, 2022) -
Benchmark Metals Inc.
(TSXV: BNCH) (OTCQX:
BNCHF) (WKN: A2JM2X) (the
"
Company
"
or
"
Benchmark
")
is pleased to announce new results from
exploration drilling at the Marmot Zone. Results include additional assays that have more than doubled
the length of the previously reported mineralized intercept in drill hole 21MLDD004 from 30.0 metres
(see
October 27, 2021
news release) to
77.0 metres (m) core length of 1.11 grams per tonne (g/t)
gold (Au) and 35.93 g/t silver (Ag) or 1.56 g/t gold equivalent* (AuEq).
This broad, bulk-tonnage
type intercept also contains significant high-grade, including the previously reported
3.00 m of 16.29 g/t
Au and 599.67 g/t Ag or 23.79 g/t AuEq
. The results have provided similar mineralization to the
Company's multi-million-ounce gold-silver deposits located 3 kilometres to the northwest (Figure 1).
Exploration work to date at Marmot includes 29 drill holes totaling approximately 8,700 m, together with
extensive rock and soil sampling programs and multiple ground-based geophysical surveys. The Marmot
discoveries appear similar to the known deposit areas the Company has defined within its flagship,
100% owned Lawyers Gold-Silver Project, located within a road accessible
region of the prolific Golden
Horseshoe area of north-central British Columbia, Canada.
John Williamson, CEO commented, "The Marmot Zone results continue to demonstrate the new
discovery potential that could add more gold and silver mineralization to it's established multi-million
ounce deposits. Benchmark will soon deliver a larger Mineral Resource Estimate from near 100,000
metres of new drilling in 2021 and 2022. We anticipate the new Resource to de-risk the Project with a
majority of gold and silver ounces in the Measured + Indicated category."
Highlights
Two significant zones of broad bulk-tonnage and high-grade mineralization intercepted at the
Marmot Zone, similar in nature to the zones of mineralization encountered within the deposit areas
at Cliff Creek and AGB.
Drill hole 22MLDD002 intersected
47.00 m of 1.03 g/t Au and 44.32 g/t Ag or 1.58 g/t AuEq
including
3.00 m of 12.10 g/t Au and 430.08 g/t Ag or 17.48 g/t AuEq
, providing an additional
high-priority zone for follow-up ~300 m northwest of 21MLDD004. See Table 1 for additional
results from the Marmot zone.
Geophysical interpretation suggests a correlation between gold-silver mineralization and the
margins of magnetic highs with coincident chargeability anomalies. The distribution of these
geophysical relationships coupled with core logging and field observations suggest the
mineralizing systems remains open in all directions.
Marmot Zone
Benchmark holds near 20 new discovery targets that contain geological similarities to the Marmot Zone
and its existing gold-silver deposits. The majority of new targets are not drill tested. The early-stage drill
program at Marmot was designed to test at-surface material as well as identify potential structural
controls that exhibit similarities to the resource deposit areas on the property, and has intersected both
bulk tonnage and high-grade mineralization in multiple drill holes. The Company will allocate significant
drilling resources to targeting additional mineralization at Marmot as prospective geophysical signatures
and previous drilling intercepts suggest the potential for additional near-surface mineralization over
substantial strike-lengths in several discrete zones within this highly prospective area. Future drilling will
test for high vein density zones situated within the hanging walls of major identified faults, as these
features strongly correlate with gold-silver mineralization at Marmot and elsewhere within the Lawyers
property.
Figure 1:
Plan map of Marmot Zone overlying ground magnetics.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6169/124908_6d7cc39754a09b17_001full.jpg
Table 1: Drill results summary from the Marmot Zone
Drillhole
From
(m)
To
(m)
Interval
(m)*
Au
(g/t)
Ag
(g/t)
AuEq
(g/t)**
21MLDD004***
65.00
96.00
31.00
0.88
15.22
1.07
and
257.00
334.00
77.00
1.11
35.93
1.56
incl.
266.00
269.00
3.00
16.29
599.67
23.79
21MLDD005
107.00
109.00
2.00
3.34
188.00
5.69
21MLDD011
115.00
154.00
39.00
0.71
17.37
0.93
120.12
122.00
1.88
5.16
92.58
6.31
131.00
132.00
1.00
5.99
81.40
7.01
21MLDD012
91.00
131.10
40.10
0.51
26.01
0.84
incl.
102.91
103.93
1.02
3.56
132.00
5.21
and
110.00
113.83
3.83
0.94
68.55
1.79
and
129.26
131.10
1.84
5.07
89.98
6.20
21MLDD017
8.13
48.00
39.87
0.31
35.49
0.75
incl.
25.00
26.00
1.00
2.18
333.00
6.34
344.00
354.00
10.00
0.35
41.87
0.87
incl.
352.00
354.00
2.00
0.60
166.80
2.69
21MLDD018
47.00
51.00
4.00
0.65
25.41
0.97
94.00
127.20
33.20
0.79
3.14
0.83
incl
115.00
125.00
10.00
1.90
2.34
1.93
incl
115.00
117.00
2.00
4.46
3.82
4.51
363.38
364.00
0.62
1.69
158.00
3.67
21MLDD021
20.00
28.00
8.00
1.74
45.64
2.31
incl
20.00
21.00
1.00
12.70
310.00
16.58
146.07
150.00
3.93
0.57
48.74
1.18
21MLDD022
40.00
60.00
20.00
0.35
28.22
0.70
incl
40.00
46.00
6.00
0.39
35.16
0.83
57.00
60.00
3.00
1.17
96.07
2.37
22MLDD002
65.00
112.00
47.00
1.03
44.32
1.58
incl.
73.00
76.00
3.00
12.10
430.08
17.48
incl.
74.36
74.98
0.62
44.90
1310.00
61.28
*
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.
*** New interval extending previously released results for 21MLDD004 on October 27, 2021.
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.
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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https://www.newsfilecorp.com/release/124908