Benchmark Discovers a Trove of Unsampled Historic Drill Core From Zones Including Assays of 87g/t Gold & 2,407g/t Silver Over...
18 Octubre 2018 - 2:00AM
Benchmark Metals Inc. (the
“
Company” or “
Benchmark”) (TSX-V:
BNCH) (OTCQB: CYRTF) (GER: A2JM2X) (FKT: A7CA) is pleased to
announce that 1,051 meters of newly sampled historical drill core
has been sent to the laboratory for assays from the Lawyers Gold
& Silver Project, located in the Golden Triangle region of
British Columbia, Canada.
CEO John Williamson commented, “Upon examination
of historical drill core from the Lawyers Project, we have
discovered 1,000 meters of mineralized core that were never
sampled. From this material, we have sampled some holes from top to
bottom, while others have been sampled on the shoulders, above and
below historical high-grade intersections. As an example, we have
sampled an extra 197 meters of core from drill hole CC15-15, which
had previously returned an intersection of 87g/t gold and 2,407g/t
silver over 2.4m, but this was never followed up with complete
shoulder sampling. The potential to increase the grade-width of the
gold-silver mineralized zones from the historical drilling is high.
This additional sampling has the potential to increase the initial
resource estimate reported early in 2018.”
Cliff Creek Zone & Dukes Ridge
ResamplingAll resampled holes were from 2015 core at the
Cliff Creek Zone and Duke’s Ridge Zone.
Cliff Creek hosts an estimated inferred mineral
resource of 550,000 tonnes grading 4.51 g/t Au and 209.15 g/t Ag at
a 4.0 g/t gold equivalent (“AuEQ”) lower cut-off, which equates to
a contained metal resource of 80,000 troy oz. gold and 3,700,000
oz. of silver.
Duke’s Ridge hosts an inferred mineral resource
of 58,000 tonnes grading 4.30 g/t Au and 139.13 g/t Ag (at a 4.0
g/t AuEQ lower cut-off), which equates to a contained metal
resource of 8,000 oz. of gold and 260,000 oz. of silver.
Historical drilling from Cliff Creek includes:
- DDH-CC15-15: 293.40g/t gold and 7,622g/t silver over
0.70m;
- DDH-CC15-13: 1.71 g/t gold and 41.5 g/t silver over
51.99m;
- DDH CC15-15 (P2 vein): 87 g/t gold & 2,407 g/t silver over
2.4m;
- DDH CC15-06: 9.64 g/t gold & 307 g/t silver over 8.63m;
and
- DDH CC15-12: 9.75 g/t gold & 447 g/t silver over 4.86m.
Resampling Table - The table below represents
all new samples collected from drill core at the Cliff Creek and
Duke’s Ridge zones.
Drillhole |
Sampling Comment |
Sample Total |
Meters Sampled |
CC15-04 |
Infill/shoulder sampling |
45 |
43.97 |
CC15-05 |
Infill/shoulder sampling |
106 |
110.2 |
CC15-06 |
Sampled top to bottom |
28 |
27.9 |
CC15-10 |
Infill/shoulder sampling |
38 |
51.5 |
CC15-12 |
Infill/shoulder sampling |
16 |
18.09 |
CC15-13 |
Infill/shoulder sampling |
92 |
92.62 |
CC15-14 |
Infill/shoulder sampling |
80 |
151.57 |
CC15-15 |
Sampled top to bottom |
111 |
196.01 |
CC15-17 |
Infill/shoulder sampling |
8 |
9.22 |
CC15-19 |
Sampled top to bottom |
41 |
49.13 |
DR15-01 |
Infill/shoulder sampling |
53 |
83.18 |
DR15-02 |
Infill/shoulder sampling |
42 |
41.29 |
DR15-03 |
Sampled top to bottom |
71 |
98.84 |
DR15-05 |
Sampled top to bottom |
17 |
17.49 |
DR15-06 |
Infill/shoulder sampling |
61 |
60.84 |
TOTAL |
Samples/meters |
809 |
1051.85 |
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 and hosts a
minimum of 16 existing gold and silver occurrences that were never
fully mined, developed or explored. Work during the 2018
exploration 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.
Images can be viewed at the Benchmark
website.
Quality Assurance and
ControlResults 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 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.
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 |
For further information, please contact: |
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Jim
Greig, President |
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s/
“John Williamson” |
jimg@BNCHmetals.com |
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John Williamson, Chief Executive Officer |
Tel:
(604) 260-6977 |
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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 securities 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.
Photos accompanying this announcement are available
athttp://www.globenewswire.com/NewsRoom/AttachmentNg/8cbf60fa-7481-4531-8c97-8262c424ceb1http://www.globenewswire.com/NewsRoom/AttachmentNg/d3c74e09-b006-4650-8a1e-ee92a0f69e24
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