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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... see more

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Benchmark Metals Inc. > Drills 3.05 Metres of 73.60 g/t Gold and 1738.50 g/t Silver

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Post by Betteryear2 on Feb 04, 2022 4:28pm

Drills 3.05 Metres of 73.60 g/t Gold and 1738.50 g/t Silver

Edmonton, Alberta--(Newsfile Corp. - February 4, 2022) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the "Company" or "Benchmark") is pleased to announce new results from 7 infill and expansion drill holes from the northern portion of the Cliff Creek deposit (Cliff Creek North - CCN). Drilling has yielded broad zones of bulk-tonnage and high-grade mineralization. The intersections continue to define zones of high-grade bulk tonnage including 30.48 metres (m) core length of 8.96 grams per tonne (g/t) gold and 233.04 g/t silver or 11.87 g/t gold equivalent (AuEq)* with 3.05 m of 73.60 g/t gold and 1738.50 g/t silver or 95.33 g/t AuEq* in drill hole 21CCRC041 (Figure 1). The new drill results show significant expansion potential with continued strong mineralization along the margins of the 2021 modelled pit shell. The results are providing a vectoring tool to model and expand additional, robust high-grade mineralized systems to the south (Figure 2). The Cliff Creek North zone remains open showing strong continuity from surface to over 550 vertical metres depth with potential for open pit as well as underground mining. Benchmark's flagship Lawyers Gold-Silver Project is located within a road-accessible region of the prolific Golden Horseshoe area of north-central British Columbia, Canada.

John Williamson, CEO, commented, "The Cliff Creek North area continues to provide more high-grade gold and silver material. The new results are filling gaps with tighter drill spacing that is demonstrating mineralization that will grow the forthcoming Mineral Resource Estimate. In addition, the high-grade, near surface mineralization is showing potential as an initial mining area (pit) that could significantly boost economics in the Preliminary Economic Assessment (PEA)."

Highlights

Increasingly robust mineralization with high-grade mineralization within high-grade bulk tonnage zones in the upper southeast portion of Cliff Creek North, demonstrating effective targeting of the modelled high-grade mineralization trending to the south that includes 30.48 metres (m) of 8.96 g/t gold and 233.04 g/t silver or 11.87 g/t AuEq* with 15.24 m of 17.59 g/t gold and 454.33 g/t silver or 23.27 g/t AuEq* in drill hole 21CCRC041, and;
At-depth testing of the southern portions of the 2021 $1600 modelled pit shell at Cliff Creek North intersected 38.33 m core length of 4.18 g/t gold and 117.32 g/t silver or 5.64 g/t AuEq with 4.00 m of 8.80 g/t gold and 433.75 g/t silver or 14.22 g/t AuEq* in drill hole 21CCDD023, and;
Excellent continuity of infill and expansion drilling within the Cliff Creek North zone including 153.00 m of 1.24 g/t gold and 17.73 g/t silver or 1.46 g/t AuEq with 6.44 m of 2.51 g/t gold and 54.94 g/t silver or 3.19 g/t AuEq* in drill hole 21CCDD047.

https://www.newsfilecorp.com/release/112780