Unit 300, 250 Southridge NW
Benchmark Metals Inc.
Unit 300, 250 Southridge NW
Edmonton, AB CANADA T6H 4M9
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BENCHMARK DISCOVERS NEW GOLD AND SILVER ZONE
Edmonton – October 9, 2018 – Benchmark Metals Inc. (the “Company” or “ Benchmark”)
(TSX-V: BNCH) (OTCQB: CYRTF) (GER: A2JM2X) (FKT: A7CA) – is pleased to announce
the discovery of a new mineralized zone at the Lawyers Gold & Silver Project, located in the
Golden Triangle region of British Columbia, Canada.
CEO John Williamson commented, “Benchmark geologists continue to discover exciting new
mineralization at the project. The newest discovery lies 300 meters east along strike of the existing
Phoenix Zone where 220g/t gold and +10,000g/t silver rock samples were collected at surface.
There is potential that the new and existing zones are connected along the 2.5km mineralized
corridor and they represent a large hydrothermal system. We believe the entire Lawyers package
has tremendous potential for large new discoveries and for expansion of existing zones that were
never fully mined in the 3 short years of mining operations during the late 1980’s.”
New Zone – Phoenix East
The Phoenix East Zone extends 300 meters to the southeast of the Phoenix Zone and lies on the
same geological trend that potentially connects Cliff Creek, Dukes Ridge, and Phoenix to Phoenix
East. Much of the intervening area between these zones has not been drill tested. In addition, all
the known zones have not been adequately tested at depth and require drill testing to define the
full depth extent, width and strike length of these zones . The Phoenix East occurrence has an
approximate area of 300 meters by 200 meters. Selected rock grab sample results as follows:
▪ 3.61 g/t Au and 32 g/t Ag;
▪ 3.4 g/t Au and 131 g/t Ag;
▪ 3.3 g/t Au and 138 g/t Ag;
▪ 3.13 g/t Au and 96.5 g/t Ag; and
▪ 2.67 g/t Au and 127 g/t Ag.
Phoenix Zone
Four (4) drill holes were have been completed at the Phoenix occurrence, but due to encouraging
visual indications and XRF results , three (3) additional diamond core holes were completed .
Sulphides and alteration were noted in each hole . Drilling at Phoenix was designed to test and
trace high-grade surface showings previously reported on September 13, 2018. Drilling at Phoenix
totaled 729 meters, with each drill hole approximately 100 meters in length.
Figure 1 illustrates the location of selected high -grade rock results and of the new Phoenix East
discovery. The map can be located online at Benchmark Metals.
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Figure #1 – New Discovery Zone ‘Phoenix East’
Lawyers Gold and Silver Project
The Lawyers Property and formerly producing Cheni Gold and Silver Mine is located 45 km
northwest of the Kemess Gold and Copper Mine. The Property contains an existing Mineral
Resource hosts a minimum of 16 existing gold and silver occurrences that were never fully mined,
developed or explored. Work during the 2018 explora tion program has focused on mineralized
zones with exposure at surface. Each zone remains open at strike , width and depth, extending
across hundreds of meters. The 99km2 prospective land package presents a unique opportunity for
Benchmark to carry out exploration on a ‘camp’ scale. There remains excellent potential for the
discovery of additional low and high -sulphidation epithermal precious metal deposits like those
that have been discovered and explored to date in the Golden Triangle region. In addition, there
exists the possibility for the discovery of near-surface or buried ‘bulk tonnage’ deposits which may
offer the advantage of economies of scale should future mine development occur.
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Quality Assurance and Control
Results from samples was 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 (+10g/t Au). Analysis by four
acid digestion with 48 element ICP-MS analysis was conducted on all samples with silver and base
metal overlimits re-analyzed by atomic absorption or emission spectrometry. Rock chip samples
from outcrop/bedrock are selective by nature and they may not be representat ive of the
mineralization hosted on the project.
The technical content of this news release has been reviewed and approved by Michael Dufresne,
M.S.c, 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 German Stock Exchanges 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: (780) 437-6624
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 se curities 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. 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.