Benchmark Provides Initial High-Priority Targets for Phase 1 Drill Program
Benchmark Provides Initial High-Priority Targets for
Phase 1 Drill Program
Edmonton, Alberta--(Newsfile Corp. - June 25, 2019) -
Benchmark Metals Inc.
(TSXV: BNCH) (OTCQB: CYRTF) (WKN:
A2JM2X) (the "
Company
" or "
Benchmark
") is pleased to provide the Phase 1 expansionary drill plans, targeting high-grade
mineralization within wide bulk-tonnage intercepts, at the main mineralized zones within the Lawyers Trend. Benchmark
anticipates a mid-July start date with Phase 1 drilling to include 25 drill holes, totaling over 4,700 metres. Additional drill
targeting is in progress for up to 30,000 metres of drilling. The Lawyers Project is situated in the Stikine Terrane of northern
British Columbia, Canada, and falls within the prolific, mineral endowed 'Golden Horseshoe'.
Lawyers Trend: Cliff Creek - Dukes Ridge - Phoenix Zones
The Cliff Creek, Dukes Ridge and Phoenix zones along with the adjacent AGB historically mined area, collectively within the
Lawyers Trend, represent a 5 kilometre by 4 kilometre radiometric anomaly that is coincident with potassic alteration,
anomalous soil and rock geochemistry and high-grade gold-silver drill results. The K/Th ratio from the radiometric aerial survey
highlights areas of known mineralisation as shown in Figures 1 and 2.
The Cliff Creek drilling is planned within and beyond the existing resource area including to the far south, targeting high-grade
mineralization within a wider broad bulk-tonnage shell, with the goal of resource expansion and delineation (Figure 1). The
drilling also aims to infill the bulk-tonnage mineralization model in areas which were historically only targeted as narrow high
grade intercepts. Selected drilling from previous campaigns includes
87 g/t gold
and
2,407 g/t silver
across
2.4 metres
core
length (CC15-15),
1.58 g/t gold
and
40.20 g/t silver
across
58.24 metres
core length (CC15-13),
1.1 g/t gold
and
16.69 g/t
silver
across
38.09 metres
core length (18CCRC010), including
10.45 g/t gold
and
78.10 g/t silver
across
1.52 metres
core
length, and
1.57 g/t gold
and
89.19 g/t silver
over
70.1 metres
core length (90CC99).
The Dukes Ridge expansion drilling also targets high-grade mineralisation within a broad bulk-tonnage shell along the Dukes
Ridge and Phoenix structures with the goal of resource expansion and delineation (Figure 1). Selected drilling from previous
campaigns includes intersected
5.76 g/t gold
and
128.65 g/t silver
across
33.52 metres
core length
(18DRRC010), including
52.02 g/t gold
and
846.44 g/t silver
across
3.05 metres
drill length
.
The Phoenix drilling will target the high-grade Phoenix Vein at depth below and along strike of the successful exploration holes in
2018 (Figure 1). Selected drilling from previous campaigns include
10.99 g/t gold
and
819.43 g/t silver
across
3.95 metres
core length (18PXDD002), and
125.01 g/t gold
and
3589 g/t silver
across
1.03 metres
core length (PX92-10).
Lawyers Trend: Amethyst Gold Breccia Zone
(AGB)
The AGB historical mine area is situated within a zone of pervasive potassic alteration resulting in a large, +1 km
2
radiometric
anomaly which is coincident with the known mineralization. The drilling strategy in 2019 at AGB is three-fold: 1) to test the high-
grade mineralization in the main zone; 2) to step-out to the south away from the historical workings and expand the strike extent;
and, 3) test a new target east of the workings with the potential to be a parallel mineralized structure (Figure 2). Geochemistry,
potassic alteration and a geophysical anomaly indicates a minimum strike length of +500 metres.
Selected drilling from previous
campaigns include
108.36 g/t gold
and
911.2 g/t silver
across
7 metres
core length (DDH81AS43),
6.96 g/t gold
and
254.70
g/t silver
across
57.9 metres
core length (DDH82AS16), and
2.02 g/t gold
and
123.77 g/t silver
across
30 metres
core
length (DDH80-18).
In addition to drilling, soil and rock sampling and detailed geological mapping are planned over the large radiometric anomalies
at the main zones and across the property, to help constrain the target areas. A drone survey will extend the 2018 aerial imagery
coverage, and a ground magnetic and VLF-EM survey will be completed in July, over Cliff Creek, Dukes Ridge, Phoenix and
AGB, to delineate important geological features including the structures which play an important role in controlling the
mineralization.
Figure #1 - Plan Map:
Plan map for 2019 Phase 1 drilling across the Cliff Creek, Dukes Ridge and Phoenix zones including
high-grade and bulk-tonnage results from previous drill campaigns.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6169/45830_55df6a0ef4ef1a65_001full.jpg
Figure #2 - Plan Map:
Plan map for 2019 Phase 1 drilling at the AGB zone including high-grade and bulk-tonnage results from
historical drill campaigns.
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6169/45830_55df6a0ef4ef1a65_002full.jpg
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, President
Tel: (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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