Benchmark Reports 51g/t Gold Equivalent and Widespread Gold and Silver Anomalies Across an 8 Kilometre Trend
November 09 2018 - 6:11PM
Benchmark Metals Inc. (the
“
Company” or “
Benchmark”) is
pleased to announce new rock grab samples including 51.01g/t AuEq*.
The new and historical surface samples are providing geological
evidence for widespread gold and silver mineralization across the
Lawyers Project area. Benchmark recently reported a combined
interval of new and historic sampling over 36.5 metres at 3.5g/t
AuEq (DDH 15-06, from 8.50m to 45m, October 27, 2018) at the Cliff
Creek Zone, an area where mineralization extends for over 500
metres and remains open down-dip and on strike. The Lawyers Gold
and Silver Project is located in the Golden Triangle region of
British Columbia, Canada.
CEO John Williamson commented, “Significant
widespread mineralization across the entire Lawyers Project area is
providing compelling evidence of zones that extend for hundreds of
metres at surface. The high-grade rock samples taken at the
Marmot Zone provides a priority target area for a larger 2019 drill
program. In addition, high-grade samples from the Phoenix Zone lie
overtop of recently completed drilling that awaits assay results.
Sampling at the AGB Zone suggests a large area of
mineralization that was never fully mined.”
Surface Sampling ProgramThe
2018 field program included the collection of 312 rock grab samples
from outcrop and subcrop locations and 1,041 soil samples. Results
from this sampling have provided two new discoveries with anomalous
gold and silver results at the Phoenix East Zone and the Marmot
Zone. The geological trend stretches over 8 kilometres from
the Marmot Zone in the southeast to the Kodah Zone in the northwest
of the Property. The Location Map is available at
BenchmarkMetals.com.
Sampling Results - Selected sample results
below from 2018 rock samples at the Phoenix, Marmot, AGB, Dukes
Ridge and Silver Pond North zones.
|
2018 Rock Samples – New as of this news
release |
|
|
Marmot Zone |
31.80g/t gold |
1,590g/t silver |
51.01g/t AuEq |
|
|
AGB Zone |
7.94g/t gold |
1,265g/t silver |
23.23g/t AuEq |
|
|
Marmot Zone |
4.97g/t gold |
872g/t silver |
15.51g/t AuEq |
|
|
Marmot Zone |
5.86g/t gold |
716g/t silver |
14.51g/t AuEq |
|
|
Silver
Pond North |
12.05g/t
gold |
7.88g/t
silver |
12.15g/t
AuEq |
|
|
Marmot
Zone |
6.26g/t
gold |
472g/t
silver |
11.96g/t
AuEq |
|
|
|
|
|
|
|
|
2018 Rock Samples – Previously
Reported |
|
|
Phoenix Zone |
220g/t gold |
>10,000g/t
silver |
340.83g/t AuEq |
|
|
Phoenix Zone |
160g/t gold |
1,440g/t silver |
177.40g/t AuEq |
|
|
Dukes Ridge Zone |
23.10g/t gold |
5,370g/t silver |
87.99g/t AuEq |
|
|
AGB Zone |
22.20g/t gold |
80.90g/t silver |
23.18g/t AuEq |
|
|
AGB Zone |
17.70g/t gold |
61.60g/t silver |
18.44g/t AuEq |
|
|
AGB Zone |
16.15g/t gold |
107g/t silver |
17.44g/t AuEq |
|
|
*Gold equivalent numbers are calculated using $1,200
Au/oz and $14.50 Ag/oz. |
|
A photo accompanying this announcement is available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/7ff4b45c-f14e-45f0-969f-5dde094a4be3
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 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, 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 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 |
|
For
further information, please contact: |
|
|
|
Jim
Greig, President |
|
s/
“John Williamson” |
|
jimg@BNCHmetals.com |
|
John Williamson, Chief Executive Officer |
|
Tel:
(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.
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