Benchmark Reports 259 g/t Gold and 3,320 g/t Silver over 3 Metres from New Exploration Target Area
Benchmark Reports 259 g/t Gold and 3,320 g/t Silver over
3 Metres from New Exploration Target Area
Edmonton, Alberta--(Newsfile Corp. - June 4, 2019) -
Benchmark Metals Inc.
(TSXV: BNCH) (OTCQB: CYRTF) (WKN:
A2JM2X) (the "
Company
" or "
Benchmark
") is pleased to provide exploration plans and historical results at the Amethyst
Breccia Zone (the "
AGB Zone
") located in the eastern portion of the regional Lawyers Trend, an area just 2 km from the main
resource expansion area of the Lawyers Project that remains under-explored. The AGB Zone is a sub-parallel structure adjacent
to the Cliff Creek, Dukes Ridge and Phoenix structures within the Lawyers Trend (see Location Map below) and will be a high-
priority target for the 2019 drill program of up to 30,000 metres.
Selected historical high-grade drilling intercepts at the AGB Zone include:
DDH80AS13 intersected
259.76 g/t gold
and
3,320.3 g/t silver
over
3 metres
; and
DDH82AS10 intersected
12.67 g/t gold
and
143.39 g/t silver
over
28 metres
.
2018 rock sample results include:
22.20 g/t gold
and
80.90 g/t silver
;
17.70 g/t gold
and
61.60 g/t silver
;
16.15 g/t gold
and
107 g/t silver
; and
7.94 g/t gold
and
1265 g/t silver
.
The Lawyers Project is situated in the
Stikine Terrane
of northern British Columbia, Canada, where magmatic events provided
a source for mineralizing porphyry and epithermal systems. These mineralizing events form an arch of gold and polymetallic
deposits around the Bowser Basin (that include Brucejack, KSM, Premier, Red Mountain, Bronson, GT Gold, Red Chris, and
Kemess), referred to herein as the
'Golden Horseshoe'
.
The AGB Zone was subject to limited historical production, but was never fully mined or explored for gold-silver mineralization.
Prior to the commencement of mining, AGB had a historical resource estimate of 452,600 tonnes at 8.32 g/t gold and 263.5 g/t
silver which formed the basis for feasibility studies and a production decision for what became known as the Lawyers Mine. The
potential quantity and grade stated above constitutes a historical estimate, parts of which have been mined, and is not to be
relied upon. A qualified person has not completed sufficient work to classify the historical estimate as current mineral resources
or mineral reserves, and therefore Benchmark is not treating the historical estimate as current mineral resources or mineral
reserves.
Significant mineralization was intersected by historic drilling outside of the main mined area. The AGB zone remains open in all
directions. Recently acquired data, geological compilation and reinterpretation for the AGB zone has revealed significant
potential to add gold and silver ounces in unmined areas. This is based upon data incorporated from over 17,000 metres of
drilling, 4,500 assays from surface and underground sampling, in addition to more than 600 metres of trench data with more than
600 samples and assays.
Location Map
The map outlines the AGB Zone with selected drill results, geochemistry and surface sampling over K-radiometric geophysics.
Location Map
To view an enhanced version of the Location Map, please visit:
https://orders.newsfilecorp.com/files/6169/45302_7f57d1f3d49c4989_001full.jpg
The mineralization is north-northwest striking, steeply west-dipping, and occupies a topographic high. The zone has been traced
for more than 500 metres along strike, greater than 225 metres vertically, and is up to 75 metres wide. To the north, 2018 soil
samples identified anomalous gold and silver, coincident with reconnaissance mapping that identified chalcedonic quartz
veining in outcrop (Kaip and Childe, 2001). In addition, the zone has been traced to the south where several high-grade rock
samples, yielding up to
22.20 g/t gold
and
80.90 g/t silver
,
were collected in 2018.
With only limited data available for AGB and the eastern portion of the geophysical anomaly, it was not a focus of the limited
2018 work program. AGB is now a high-priority target for an expanded property-scale work permit in 2019.
Mineralization at AGB is hosted in a prominent quartz breccia zone and has a strong association with chalcedonic quartz veins.
Pervasive potassic alteration, similar to that at Cliff Creek and Dukes Ridge, also occurs at AGB, resulting in a large K-
radiometric anomaly that is coincident with the known mineralization.
The radiometric anomaly continues to the north and to the
south of AGB, across the valley toward the Dukes Ridge and Phoenix zones and remains untested.
A major NW-SE structure is
also an important feature at AGB, with the mineralization situated on the hanging wall of a steep west-dipping fault. These major
north-west structures, which reflect the original volcanic basin geometry are common to all the major mineralized zones along the
Lawyers Trend.
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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