Benchmark Makes Two New Discoveries and Awaits Assay Results
22 Octubre 2018 - 2:01AM
Benchmark Metals Inc. (the
“
Company” or “
Benchmark”) (TSX-V:
BNCH) (OTCQB: CYRTF) (GER: A2JM2X) (FKT: A7CA) – is pleased to
announce completion of the field exploration program at the Lawyers
Gold & Silver Project, located in the Golden Triangle region of
British Columbia, Canada.
CEO John Williamson commented, “The field
program generated exceptional surface results including 220g/t gold
and silver grades that exceeded laboratory detection levels at over
10,000g/t from rock samples. Benchmark crews surpassed total
planned meterage and appear to have intersected significant
mineralization on a program that was based on shallow, near surface
drilling. We now have a better understanding of this large
hydrothermal package that has already provided two new discoveries
and we anticipate favourable assay results from step-out, infill
and extension drilling on existing zones. In addition, the sampling
of historical core is already showing potential to increase overall
mineralized intercepts from previous drilling campaigns that was
never fully sampled and included in the resource calculation.”
2018 Field Exploration
HighlightsField crews have completed a comprehensive
exploration program with an opportunity for the development of
near-surface high-grade structurally controlled epithermal precious
metal deposits or buried bulk tonnage deposits. Hydrothermal
alteration is observed over multiple 0.5km to 2km trends and
indicates characteristics of a high-sulfidation precious metal
deposits. The presence of a magmatic-hydrothermal system that
includes high-sulfidation precious-base metal could be linked to a
deeper porphyry-type mineralization. High gold-silver grades and
adularia-silica alteration indicate characteristics of epithermal
low-sulfidation precious metal deposits and has been observed
overprinting the formerly described “porphyry-type” mineralization
in the Phoenix area. Work completed during the 2018
exploration program includes:
- Historical compilation and interpretation;
- Drone flying and interpretation;
- Geochemistry – 1,041 soils and 312 rock samples;
- Resampling and logging of historical drill holes;
- Airborne VTEM geophysics to identify new zones and trends;
- 4,116m expansion and new target drilling program, results
pending; and
- Full results analysis interpretation prior to planning for a
2019 large scale resource expansion drill program.
2018 Results & New
DiscoveriesBenchmark has submitted all 2018 drill samples,
additional sampling of historical drill holes and all remaining
surface samples to ALS Laboratory and await results throughout Q4,
2018. Upon full disclosure and interpretation of favourable
results, Benchmark will plan towards an aggressive resource
expansion program in 2019. Key results and observations to
date include:
- New discoveries include Marmot Zone and Phoenix East Zone;
- All existing zones are open at strike, width and depth;
- Widespread silver-gold mineralization and alteration;
- Potential for silver-gold zones to coalesce along strike and
down-dip;
- Average drill hole depth under 100m;
- 1,000m mineralized core intersections sampled from historical
holes;
- Additional historical drill-holes available for resampling with
over-looked mineralization (approx. 1,600m); and
- 90% of the 99km2 land package is under-explored.
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 along with a
minimum of 16 existing gold and silver occurrences that were never
fully mined, developed or explored. 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.
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, M.Sc.,
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
s/ “John Williamson”John
Williamson, Chief Executive Officer
For further information, please
contact:Jim Greig, Presidentjimg@BNCHmetals.comTel: (604)
260-6977
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.
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.
Benchmark Metals (TSXV:BNCH)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025
Benchmark Metals (TSXV:BNCH)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025