Benchmark Metals Inc.Â (the â€œCompanyâ€ or â€œBenchmarkâ€œ) (TSX-V: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) â€“Â is pleased to announce new results from 3 multi-purpose drill holes at the AGB Deposit includingÂ 101.60 metres (m) of 4.68 grams per tonne (g/t) goldÂ andÂ 89.89 g/t silverÂ orÂ 5.80 g/t gold equivalent (AuEq*)Â withÂ 13.00 m of 23.72 g/t goldÂ andÂ 212.84 g/t silver or 26.38 g/t AuEqÂ in drill hole 21AGBDD040 (Figure 1). In addition to testing the near-surface continuity of mineralization, drill holes 21AGBDD054 and 21AGBDD055 were designed to evaluate the geotechnical properties of the rock mass as well as hydrogeological regime of the pit area. These cost-effective multi-purpose drill holes were successful in continuing to delineate high-grade continuity of near-surface mineralization at the southernmost extent of the AGB zone (Figure 2) while also providing the geotechnical and hydrogeological data necessary to design the overall pit slope for future engineering studies. Benchmarkâ€™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, â€œThe 2021 drill program has intersected near-surface high-grade mineralization within the pit shells modeled in 2021 and could potentially add significant resources in the near-term Mineral Resource update. As these results continue to expand the limits of the mineralization, further drilling in 2022 will continue to expand resource potential in all directions.â€
- Robust mineralization near the southernmost extent of the AGB zone and south of historical mining includingÂ 37.50 m of 2.15 g/t goldÂ andÂ 46.76 g/t silverÂ orÂ 2.74 g/t AuEqÂ withÂ at-surface 2.50 m of 22.62 g/t goldÂ andÂ 120.26 g/t silverÂ orÂ 24.13 g/t AuEqÂ in drill hole 21AGBDD054, and;
- Potential for improved economics and reduced strip ratio by adding near-surface, open-pittable gold and silver ounces to the AGB Deposit, and;
- Last of the drill results from AGB that will support the updated Mineral Resource Estimate (MRE), future drilling will go towards the Feasibility Study.
Multi-Purpose Geotechnical Drillholes
Over the 2021 drill program a total of (7) PQ and HQ sized geotechnical drill holes were drilled at the Cliffs Creek and AGB Deposits, totaling 2415 metres. In addition to testing for near-surface mineralization, with the potential to positively impact an updated MRE, these drill holes were conducted to collect data for slope analysis and pit slope design that will impact the overall size and shape of the future pit design. Work included in-situ permeability (packer) tests, geotechnical logging, down-hole televiewer mapping, sampling for geotechnical test work such as unconfined compressive strength, sampling for comminution test work, piezometer installation for groundwater baseline towards engineering design and environmental baseline.Â By executing this work with multi-purpose drilling and data collectionÂ the project is on paceÂ to a construction decision.
Figure 1: Plan map at the AGB ZoneÂ highlighting new 2021 drill results.
Figure 2: Long-section at the AGB ZoneÂ showing gold and silver results from a series of drill holes.
Table 1: Drill results summary from the AGB Zone
*Â Gold equivalent (AuEq) calculated using 80:1 silver to gold ratio.
** Intervals are core-length. True width is estimated between 80 to 90% of core length.
Quality Assurance and Control
Results from samples were analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). The sampling program was undertaken by Company personnel under the direction of Rob Lâ€™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 (+10 g/t Au). Analysis by four acid digestion with 48 element ICP-MS analysis was conducted on all samples with silver and base metal over- limits being re-analyzed by atomic absorption or emission spectrometry. Rock chip samples from outcrop/bedrock are selective by nature and 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
Benchmark Metals Inc. is a Canadian based gold and silver company advancing its 100% owned Lawyerâ€™s Gold-Silver Project located in the prolific Golden Horseshoe of northern British Columbia, Canada. The Project consists of three mineralized deposits that remain open for expansion, in addition to +20 new target areas along the 20 kilometre trend. The Company trades on the TSX Venture Exchange in Canada, the OTCQX Best Market in the United States, and the Tradegate Exchange 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/ â€œJohn Williamsonâ€
John Williamson, Chief Executive Officer
For further information, please contact:
Telephone: +1 604 260 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 â€œforward looking statementsâ€. 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.