Drill Results Oct 20 Benchmark Drills 41.94 Metres of 2.82 g/t Gold Equivalent and Expands Mineralization at the AGB Zone
Tuesday, October 20, 2020, 3:05 AM ET
Edmonton, Alberta--(Newsfile Corp. - October 20, 2020) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQX : BNCHF) (WKN: A2JM2X) (the "Company" or "Benchmark") - is pleased to announce new results from a series of drill holes at the AGB zone where broad zones of mineralization yielded up to 41.94 metres (m) of 1.49 grams per tonne (g/t) gold and 106.84 g/t silver or 2.82 g/t gold equivalent* (AuEq) in addition to high-grade intervals of 3.80 m of 11.76 g/t gold and 630.61 g/t silver or 19.64 g/t AuEq. Current drilling at the AGB Zone has expanded gold-silver mineralization to the west and shows continuity over a +600 metre strike length. Benchmark's flagship gold-silver project is located in a road accessible area of the Golden Horseshoe in north-central British Columbia, Canada.
AGB Highlights
-- Drilling continues to intersect strong zones of mineralization along the
entire 600 metre strike extent of the AGB zone with these new results
highlighting the significant resource building potential of this zone in
addition to Cliffs Creek and Dukes Ridge.
-- New results from the AGB zone include broad bulk-tonnage zones,
higher-grade bulk tonnage zones and high-grade zones Table 1, full drill
results are included in Table 2.
Table #1: Summary of the various styles of mineralized intercepts
Style of min. Drillhole Int. Au (ppm) Ag (ppm) AuEq (ppm)
Broad Bulk Tonnage 20AGBDD004 41.94 1.49 106.84 2.82
20AGBRC002 91.44 0.65 24.69 0.96
20AGBRC003 51.82 1.49 22.01 1.76
High-Grade Bulk-Tonnage 20AGBDD003 14.24 4.15 61.23 4.92
20AGBRC003 15.24 3.84 28.61 4.2
High-Grade 20AGBDD004 3.80 11.76 630.61 19.64
20AGBRC003 1.52 18.4 42.50 18.93
20AGBRC005 1.53 9.04 257.00 12.25
*Gold equivalent (AuEq) calculated using 80:1 gold to silver ratio.
-- These new results are extending strong, broad zones of mineralization
from surface to >270 m vertical depth and continue to validate our drill
targeting.
-- Significant step out drilling targeting the extension of the AGB west
zone, >170 metres south of the historic underground workings has
intersected broad bulk tonnage mineralization with higher grade zones and
appears to be increasing in grade at depth, see Image #2.
-- To date in 2020 61 holes and 11,863 metres have been completed at AGB and
property wide Benchmark has surpassed 66,000 m from 319 holes.
-- Disclosure of additional results will continue through to January 2021 in
support of a new Mineral Resource Estimate.
John Williamson, CEO, commented, "AGB results and visuals continue to indicate that the entire AGB area remains open in all directions. The AGB expansion and definition drilling continues to intersect additional mineralization to the west, south and at depth. This area is providing significant gold-silver material at surface and is in-filling previously unknown mineralization within 270 vertical metres of surface. When 2020 drilling is completed at AGB, we anticipate significant gold-silver ounces from surface to depth that will contribute to the 2021 Mineral Resource Estimate".....