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Benchmark Metals Inc. CYRTD


Primary Symbol: V.BNCH

Benchmark Metals Inc. is a Canada-based gold and silver company. The Company is primarily focused on the identification, acquisition, exploration and evaluation of mineral properties. The Company owns Lawyer’s Gold-Silver Project, which is located in the prolific Golden Horseshoe of northern British Columbia, Canada. The Lawyer’s Gold-Silver Project consists of approximately three mineralized deposits that remain open for expansion. The Company’s wholly owned subsidiary is PPM Phoenix Precious Metals Corp., which primarily holds mineral interests in British Columbia.


TSXV:BNCH - Post by User

Post by woolcoon Aug 28, 2020 12:52pm
171 Views
Post# 31470284

Benchmark Makes New Discovery

Benchmark Makes New DiscoveryWOW...this is shaping up to be over 10M oz.

August 27, 2020 – Benchmark Metals Inc. (the "Company" or "Benchmark") (TSX-V: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) – is pleased to announce the discovery of new mineralized structures, broad zones of alteration, veining, and sulphide mineralization at the Marmot Zone; drill-hole planning is complete and drilling will commence shortly. The mineralized structures show a strong resemblance to the Companies largest mineralized area, the Cliff Creek Zone that lies 3 kilometres (km) to the northwest (Figure #1). The Marmot area has yielded high-grade rock grab samples up to 61.3 g/t gold and 3,890 g/t silver. The Marmot area represents a highly prospective region measuring 2 km by 3 km. Benchmark's flagship gold-silver project is located in a road accessible area of the Golden Horseshoe in north-central British Columbia, Canada.

John Williamson, CEO, commented, "The new gold-silver discovery provides additional geological support that the entire +20 kilometre long, Lawyers gold-silver trend remains under-explored and hosts potential for multiple, large gold-silver bearing zones across the entire 140km2 land package. The Benchmark team continues to develop and discover new targets while advancing the heart of the property with an aggressive resource definition and expansion drill program. Drill results from the on-going resource expansion drill program are anticipated following delivery of assay certificates from the laboratory and interpretation by the Benchmark team".

Newly completed ground magnetics (Figure #2) delineates both northwest and north-northeast trending fault systems, analogous with other zones on the Lawyers Trend (Cliff Creek, Dukes Ridge, AGB, Phoenix) where hydrothermal low-sulphidation systems developed. Follow-up targeted mapping has identified the same quartz-eye tuff host rock as the AGB Zone. Furthermore, new fault structures and related potassic and propylitic alteration zones that contain silicified hydrothermal breccias and multi-generational quartz veining with associated sulphides (Figure #1). Outcrop rock grab sampling has returned numerous high-grade gold and silver samples over the 2 km by 3 km area (Table #2).

Table #1 - Selected rock results from the Marmot Zone

Sample Type

Gold (g/t)

Silver (g/t)

Au-Eq (g/t)

outcrop

61.3

3890.0

109.9

subcrop

31.8

1590.0

51.7

outcrop

25.9

2610.0

58.5

outcrop

25.0

2330.0

54.1

outcrop

23.1

67.4

23.9

subcrop

8.3

100.0

9.5

outcrop

6.3

472.0

12.2

*Gold equivalent (AuEq) calculated using 80:1 gold to silver ratio.
**Previously reported

Figure #1 – Annotated photo of the Marmot area showing fault controlled mineralized and alteration zones

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/b edrock 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.

Figure #2 – Marmot area plan map

About Benchmark Metals
Benchmark Metals Inc. is a Canadian mineral exploration company focused on proving and developing the substantial resource potential of the Lawyer's Gold-Silver Project, located in the prolific Golden Horseshoe of northern British Columbia, Canada.  The Company trades 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.

 
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