Benchmark Intersects New Zone Including High-Grades of 2,360 g/t Silver and 11.30 g/t Gold Over 1 Metre
Benchmark Intersects New Zone Including High-Grades
of 2,360 g/t Silver and 11.30 g/t Gold Over 1 Metre
Edmonton, Alberta--(Newsfile Corp. - February 11, 2020) -
Benchmark Metals Inc.
(TSXV: BNCH) (OTCQB: CYRTF) (WKN:
A2JM2X)
(the "
Company
" or "
Benchmark
") is pleased to report continued drilling success at the Amethyst Gold breccia
(AGB) Zone. Intersections include the discovery of new parallel zones in addition to along strike and down-dip extensions of both
broad bulk-tonnage and high-grade mineralization. Drill hole 19AGBDD004 intersected
1.38 g/t gold
and
50.76 g/t silver
or
2.02 g/t AuEq
across
50.00 metres
core length and
11.30 g/t gold
and
2,360 g/t silver
or
40.8 g/t AuEq
across
1 metre
core
length from a deeper zone (Table 1). This result in conjunction with nine holes drilled at AGB in 2019 expanded the zone to a drill
indicated strike length of over 550 metres and 170 metres vertical depth. 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, "The 2019 drilling at AGB has discovered new mineralized zones, characterized by different
styles of mineralization, which include both high grade and bulk-tonnage intervals. As a discrete zone, AGB is showing some of
the highest-grade potential across the Lawyers Trend including 2019 results that provided
5.01 AuEq
across
25 metres
core
length and
47.21 AuEq
across
2.95 metres
core length.
Historically the mineralization targeted by drilling at AGB is characterized by multi-phase veining, silicification and brecciation
and is known as the "amythest gold breccia". This style of mineralization is characteristically ~15-25m wide and hosted in a
quartz eye tuff unit, occurring in the footwall of a major fault zone. Benchmark's 2019 drilling at AGB discovered a second zone
characterized by more discrete veinlets bearing Au-Ag and sulfide minerals, that is hosted higher in the stratigraphy, in the
porphyritic andesite and interbedded volcanic sediments. This new zone was intersected in seven of the 2019 drill holes at AGB,
including 350m along strike to the south in drill hole 19AGBDD009.
Drill holes 19AGBDD009 and 19AGBDD010 define the southern extent of the AGB zone and were designed to test below
historical surface channel sample results of
5.13 g/t gold
and
20.79 g/t silver
over
27.03
metres
core length. Drill hole
19AGBDD009 intersected significant mineralization:
1.41 g/t gold
and
27.49 g/t silver
or
1.76 g/t AuEq
across
22.00 metres
core length, including
4.35 g/t gold
and
39.64 g/t silver
or
4.84 g/t AuEq
across
2.35 metres
core length. This result is 350
metres south of historical workings and provides strong evidence the mineralizing system remains robust and open to the south.
Table #1
-2019 AGB Drill Results.
Hole
From(m)
To (m)
Au (g/t)
Ag (g/t)
AuEq (g/t)*
Interval (m)**
19AGBDD001***
210.00
235.00
2.79
177.42
5.01
25.00
including
212.00
219.00
5.37
213.66
8.04
7.00
and
232.90
235.00
10.02
654.43
18.20
2.10
19AGBDD002***
37.00
152.64
0.74
23.28
1.03
115.64
including
52.00
129.00
1.06
28.45
1.41
77.00
19AGBDD003
298.00
299.00
0.18
175.00
2.37
1.00
19AGBDD004
164.00
214.00
1.38
50.76
2.02
50.00
including
164.00
165.00
9.08
69.40
9.95
1.00
and
193.00
196.00
7.03
176.73
9.24
3.00
including
195.00
196.00
17.55
148.00
19.40
1.00
and
206.00
207.00
7.29
42.60
7.82
1.00
and
252.00
256.15
2.94
635.63
10.89
4.15
including
253.70
254.70
11.30
2360.00
40.80
1.00
19AGBDD005
182.00
283.00
0.20
24.80
0.51
101.00
including
182.00
190.00
0.48
54.85
1.17
8.00
and
202.00
204.00
2.45
15.75
2.65
2.00
and
266.00
267.00
0.09
279.00
3.58
1.00
and
276.85
283.00
0.53
64.39
1.34
6.15
19AGBDD006
205.00
221.00
1.55
17.86
1.77
16.00
including
209.00
218.00
2.67
19.27
2.91
9.00
including
212.10
218.00
4.08
29.40
4.44
5.90
including
212.10
213.30
12.20
27.20
12.54
1.20
and
236.00
276.00
0.82
61.44
1.58
40.00
including
244.37
258.75
1.32
86.40
2.40
14.38
and
266.00
271.62
1.39
114.94
2.83
5.62
19AGBDD007***
116.00
225.34
0.45
26.03
0.78
109.34
including
122.00
164.15
1.10
41.62
1.62
42.15
including
122.00
130.00
3.61
26.83
3.94
8.00
and
230.05
245.00
6.01
282.62
9.55
14.95
including
230.05
233.00
30.2
1361.00
47.21
2.95
19AGBDD008
125.92
199.00
0.40
29.48
0.77
73.08
including
129.00
149.00
0.89
31.44
1.29
20.00
and
165.00
175.00
0.52
43.48
1.07
10.00
19AGBDD009
3.00
25.00
1.41
27.49
1.76
22.00
including
15.65
18.00
4.35
39.64
4.84
2.35
19AGBDD010
16.00
17.00
0.64
7.53
0.74
1.00
and
20.00
21.00
0.67
5.70
0.74
1.00
and
23.00
24.00
0.27
36.30
0.73
1.00
*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 AGB zone
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/6169/52307_03d0fb76743baa5d_001full.jpg
Figure 2:
Cross-section of 19AGBDD004 and 005.
To view an enhanced version of this
Figure 2
, please visit:
https://orders.newsfilecorp.com/files/6169/52307_03d0fb76743baa5d_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,
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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