Benchmark Metals Inc. (
TSX-V.BNCH,
OTC:CYRTF,
Forum) has recently provided a summary of the 2020 work program and catalysts for growth into 2021.
The Company completed 87,298 m of drilling in 388 holes during 2020 and will continue to disclose additional results through to February 2021. All work performed during the year and previous years will support a new Mineral Resource Estimate in Q1 2021 and Preliminary Economic Study in Q2 2021. Benchmark’s flagship Lawyers Gold-Silver Project is located in a road-accessible area of the Golden Horseshoe in north-central British Columbia, Canada.
Benchmark Metals Inc. CEO John Williamson commented on the “positive results” from the Company’s cornerstone Benchmark’s Lawyers Gold-Silver Project:
“The Company has released significant positive results with the majority of drill sample assays pending from the lab. Results are expected over the coming weeks and will continue to be released until the end of February, 2021. The Company anticipates a fully funded $25-30 million 2021 exploration and drilling program to move the project towards feasibility. Benchmark’s opportunity for growth is unparalleled as we enter a mining cycle where gold and silver producers require new, large mines to feed diminishing gold-silver supplies.”
Full story
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About the Lawyers Gold-Silver Project
The Lawyers property is located in the Toodoggone region of the Omineca Mining Division of B.C., on the eastern side of the Golden Horseshoe, and consists of 37 contiguous mineral claims. The claims cover 140 square kilometres of land that encompasses the Lawyers group of prospects, including the former Lawyers underground gold-silver mine and the Silver Pond group of prospects, and consists of over 16 gold-silver mineral occurrences.
Exploration in the area began in the late 1960’s and peaked in the 1980’s, identifying numerous showings, prospects and deposits culminating in the development of the Lawyers gold-silver mine that operated from 1989 to 1992, producing an abundant 171,000 ounces of gold and 3.6 million ounces of silver.
Five underground developments remain in place, in addition to historical resources and new targets.
As a historically producing gold-silver mine site, the Lawyers Project offers a range of logistical benefits including full road access, existing cut line for tie-in to regional power grid, nearby airstrip and mine site infrastructure.
Lawyers is accessed primarily by the Finlay Forest Service Road, which begins south of Mackenzie, a small forestry town located about 180 kilometres north of Prince George, B.C. The Finlay FSR forms the southern part of the Omineca Resource Access Road, an industrial road that provides access to Kemess and links to Lawyers, which is located just 45 kilometres beyond.
FULL DISCLOSURE: Benchmark Metals Inc. is a client of Stockhouse Publishing.