Benchmark Expands the Duke's Ridge to Phoenix Corridor at Depth and Along Strike to over 1 Kilometre
Benchmark Expands the Duke's Ridge to Phoenix
Corridor at Depth and Along Strike to over 1 Kilometre
Edmonton, Alberta--(Newsfile Corp. - February 14, 2020) -
Benchmark Metals Inc.
(TSXV: BNCH) (OTCQB: CYRTF) (WKN:
A2JM2X) (the "
Company
" or "
Benchmark
") is pleased to summarize continued drilling success in the Duke's Ridge-Phoenix
corridor which now measures greater than 1km in strike length with the identification of anomalous drilling at the Phoenix East
Zone. New work at Duke's Ridge and Phoenix indicates that they form one system or a series of overlapping mineralizing
systems. The Lawyers Project is situated in the Stikine Terrane of northern British Columbia, Canada, and falls within the prolific,
mineral endowed 'Golden Horseshoe.'
John Williamson, CEO commented, "Drill confirmation of highly anomalous gold-silver mineralization at Phoenix East adds
significant strike length and potential to the Duke's Ridge-Phoenix corridor. Drilling is providing continuity along the structure
which remains open in all directions with bulk-tonnage and high-grade mineralization from surface. Results including
5.8 g/t gold
and
128.7 g/t silver
over
33.5 metres
core length (
Feb 8, 2019
news) from surface is providing compelling resource expansion
possibilities that favours shallow, open pit mining methods."
During the 2019 exploration program, Benchmark drilled three exploratory holes in the Phoenix East Zone, a new discovery zone
announced in 2019. The Zone occurs 150-250m along strike from the Phoenix Zone and 700m along strike from the heart of the
Duke's Ridge mineralization. These holes were designed as a 1
st
pass test of large and coincident soil, magnetic and
radiometric anomalies, which appeared to extend both the Phoenix and the Duke's Ridge trends. Encouraging results in all three
holes include anomalous gold and silver over several meters and a narrow high-grade vein in 19PXDD004 (Table 2). These
promising results suggest that the mineralizing system continues all the way to Phoenix East, which still has a significant area of
surficial anomalies to test and will be a target for 2020 exploration.
The Duke's Ridge-Phoenix mineralized corridor has seen limited production from a near surface, high-grade vein.
The Phoenix
vein was partially mined via a small underground drift during 1991 that totaled 4,932 tonnes of material and produced 6,713 oz
of gold and 296,084 oz of silver (Lane et al., 2018). Historical data, new results and a more thorough understanding of the
mineralized system has provided a path to grow the zones. Additional drilling will provide more continuity to expand and develop
near surface, gold-silver ounces in this area. Selected previously released results at Duke's Ridge include
50.66 g/t gold
and
724.5 g/t silver
over
6 metres
core length (DD83DR07),
1.26 g/t gold
,
37.82 g/t silver
, or
1.73 g/t AuEq
across
70.00
metres
core length (19DRDD003), and at Phoenix,
46.9 g/t gold
and
3,055.6 g/t silver
over
2.87 metres
core length
(19PXDD001).
Infill sampling of the available 2015 drill core, yielded significant broad intervals of mineralization, not previously sampled or
modelled. These results include DR15-05 which intersected
1.16 g/t gold
and
36.18 g/t silver
or
1.61 g/t AuEq
across
67.75
metres
core length (
Nov 19, 2018
news; Figure 2). The excellent results from this program, coupled with those from historical
drill programs empathize the potential to develop a significant resource within this 1+km mineralized corridor. This area will be a
focus of the 2020 drill program.
Table #1
-2019 Dukes Ridge Drill Results
Drillhole
From
To
Au (g/t)
Ag (g/t)
AuEq (g/t)
Interval (m)
DUKE'S RIDGE:
19DRDD001
70.00
80.00
0.51
15.78
0.71
10.00
including
70.00
72.00
1.34
25.23
1.65
2.00
and
134.90
136.00
1.14
48.00
1.74
1.10
19DRDD002
157.00
194.00
0.90
22.93
1.18
37.00
including
165.00
170.00
2.16
73.81
3.08
5.00
19DRDD003
98.00
168.00
1.26
37.82
1.73
70.00
including
98.73
99.72
47.40
1110.00
61.28
0.99
and
164.36
165.05
13.10
73.20
14.02
0.69
19DRDD004
83.54
98.00
2.30
191.88
4.70
14.46
including
86.88
90.22
7.85
830.71
18.23
3.34
19DRDD005
9.00
73.00
0.41
16.36
0.61
64.00
including
9.00
25.00
0.64
36.18
1.10
16.00
and
56.00
73.00
0.54
8.50
0.65
17.00
PHOENIX:
19PXDD001
88.00
89.00
3.05
38.10
3.53
1.00
and
130.13
133.00
46.95
3055.47
85.14
2.87
including
131.00
131.90
132.50
8560.00
239.50
0.90
and
162.73
167.00
1.56
9.43
1.68
4.27
19PXDD002
82.00
88.00
0.42
43.20
0.96
6.00
including
83.00
84.23
0.88
136.34
2.59
1.23
19PXDD003
96.70
104.00
0.44
15.02
0.63
7.30
including
99.00
100.00
1.30
55.50
1.99
1.00
and
122.75
124.25
0.86
11.65
1.01
1.50
and
151.00
152.00
0.92
13.10
1.08
1.00
PHOENIX EAST:
19PXDD004
130.22
130.86
11.25
2.39
11.28
0.64
19PXDD005
11.68
13.68
0.48
11.24
0.62
2.00
19PXDD006
21.53
22.88
0.41
51.55
1.06
1.35
and
55.16
55.49
3.02
96.00
4.22
0.33
and
90.02
92.00
0.69
144.00
2.49
1.98
*Using an 80 to1 ratio of silver to gold $/oz
**Intervals are core-length.
True width is estimated between 80 to 90% of core length.
***Drill hole results already reported
Figure 1:
Plan view map of 2019 drilling at the Duke's Ridge, Phoenix and Phoenix East zones
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6169/52411_55941278b41d9977_001full.jpg
Figure 2:
Cross-section of 19DRDD003
To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/6169/52411_55941278b41d9977_002full.jpg
Quality Assurance and Control
Results from samples were analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO
9001:2008 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 Inc.
Benchmark is a Canadian mineral exploration company with its common shares listed for trading on the TSX Venture Exchange
in Canada, the OTCQB Venture 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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