Benchmark’s $35 Million Cash Enables Drilling of New Discovery Targets from Widespread Gold and Silver Soil Anomalies and a 2021 Resource Expansion Program – Gold Mine Saloon- Complete Guide to Gold, Stocks, Mining, Investing and More

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No Result View All Result Gold Mine Saloon- Complete Guide to Gold, Stocks, Mining, Investing and More No Result View All Result Home Investing Benchmark’s $35 Million Cash Enables Drilling of New Discovery Targets from Widespread Gold and Silver Soil Anomalies and a 2021 Resource Expansion Program admin by admin March 1, 2021 in Investing 0Benchmark’s $35 Million Cash Enables Drilling of New Discovery Targets from Widespread Gold and Silver Soil Anomalies and a 2021 Resource Expansion Program189 SHARES1.5k VIEWS Share on Facebook Share on Twitter

Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the “Firm” or “Benchmark”) is happy to announce the compilation of latest and historic gold and silver soil geochemical outcomes that cowl an approximate 54 km2 of the 140 km2 land bundle. Plenty of widespread gold and silver soil anomalies have delineated new regional exploration targets, and superior identified discovery and useful resource zones throughout a strike size of 16 kilometres (km). Benchmark has outlined 20+ new areas for follow-up exploration together with drill testing past the center of the property that hosts the three important mineralized zones (Cliff Creek, AGB and Dukes Ridge zones) that may present an up to date useful resource estimate throughout Q1, 2021. Soil sampling was carried out as a follow-up exploration methodology to develop on areas of high-grade rock sampling and areas of potential constructions as a way to establish new mineralized zones. Benchmark has potential for a near-term money place at ~$45 million with roughly $35 million in money, along with warrants and choices totaling close to $9 million (within the cash). The Attorneys gold-silver undertaking is situated in a street accessible area of the Golden Horseshoe of north-central British Columbia, Canada.

The situation of beforehand identified regional goal zones in relation to anomalous gold and silver soil contours is detailed in Figures 1 and a couple of. Identification of 11 new potential goal zones with anomalous gold and silver in soil anomalies supplies the potential for vital growth of mineralization past identified goal areas. New targets throughout the 20 km Attorneys Pattern have potential to ship extra gold-silver useful resource areas that’s outlined by the identical geology and coincident anomalous options exhibited by the Cliff Creek zone that measures over 1.2 km on strike and extends to over 550 metres vertical depth.

Soil geochemistry is a confirmed vector to mineralization throughout the undertaking space. Not too long ago drilled goal areas delineated by systematic soil and rock seize sampling embody the extremely potential 2 by 3 kilometre area that defines the Marmot zone (see launch dated January 13th, 2021). Drilling at Marmot returned vital near-surface gold and silver mineralization in 4 of 5 holes, highlighted by 101.00 metres core size of 0.82 g/t AuEq in gap 20MLDD005. The present dimensions of the Cliff Creek, Dukes Ridge, and AGB zones might collectively match throughout the Marmot zone geochemical anomaly and with solely 5 drill holes into this zone the subsurface mineralized footprint might be substantial. The newly delineated gold and silver in soil anomalies all through the Attorneys Venture current engaging targets for comparable discoveries sooner or later.

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Determine 1. Attorneys undertaking outlined with contoured gold in soils (ppm) anomalies in relation to Exploration (Spherical Mountain, Arctic, E-Grid, Lala, Gifford’s Edge, Marmot East, Black Lake, Attorneys SE), Discovery (Silver Pond, Marmot, M-Grid), and Useful resource (Cliff Creek, AGB, Dukes Ridge & Phoenix) Zones.

To view an enhanced model of Determine 1, please go to:
https://orders.newsfilecorp.com/files/6169/75672_ef90886a8449d9d5_001full.jpg

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Determine 2. Attorneys undertaking outlined with contoured silver in soils (ppm) anomalies in relation to Exploration (Spherical Mountain, Arctic, E-Grid, Lala, Gifford’s Edge, Marmot East, Black Lake, Attorneys SE), Discovery (Silver Pond, Marmot, M-Grid), and Useful resource (Cliff Creek, AGB, Dukes Ridge & Phoenix) Zones.

To view an enhanced model of Determine 2, please go to:
https://orders.newsfilecorp.com/files/6169/75672_ef90886a8449d9d5_002full.jpg

New Potential Gold and Silver Zones:

The situation and spatial extent of the Cliff Creek, Dukes Ridge-Phoenix, and AGB useful resource zones with modelled 2020 pit shells and mineralized domains are proven compared to peripheral newly potential and identified gold and silver zones in Figures 3 and 4.

As much as six new gold and silver soil anomalies have been recognized to the north of the Cliff Creek, Dukes Ridge-Phoenix, and AGB useful resource zones, extending mineralized traits to the northwest for >2 km and remaining open. These newly recognized zones develop the anomalous gold and silver footprint at Attorneys to >8km strike size and as much as 7km in width. This means a big and sturdy mineralizing system with vital potential for added peripheral mineralized prospects, offering extra alternatives to find and drill off shallow assets that would contribute to future useful resource improvement of the Attorneys gold-silver undertaking.

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Determine 3. Attorneys undertaking outlined with contoured gold in soils (ppm) anomalies and modelled 2019 pit shells and mineralized domains in relation to Exploration (Spherical Mountain, Arctic, E-Grid, Lala, Gifford’s Edge, Marmot East), Discovery (Silver Pond, Marmot, M-Grid), and Useful resource (Cliff Creek, AGB, Dukes Ridge & Phoenix) Zones.

To view an enhanced model of Determine 3, please go to:
https://orders.newsfilecorp.com/files/6169/75672_ef90886a8449d9d5_003full.jpg

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Determine 4. Attorneys undertaking outlined with contoured silver in soils (ppm) anomalies and modelled 2019 pit shells and mineralized domains in relation to Exploration (Spherical Mountain, Arctic, E-Grid, Lala, Gifford’s Edge, Marmot East), Discovery (Silver Pond, Marmot, M-Grid), and Useful resource (Cliff Creek, AGB, Dukes Ridge & Phoenix) Zones.

To view an enhanced model of Determine 4, please go to:
https://orders.newsfilecorp.com/files/6169/75672_ef90886a8449d9d5_004full.jpg

High quality Assurance and Management

Outcomes from samples have been analyzed at ALS World Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). The sampling program was undertaken by Firm personnel beneath the path of Rob L’Heureux, P.Geol. A safe chain of custody is maintained in transporting and storing of all samples. Gold was assayed utilizing a fireplace assay with atomic emission spectrometry and gravimetric end when required (+10 g/t Au). Evaluation by 4 acid digestion with 48 component ICP-MS evaluation was carried out on all samples with silver and base metallic over- limits being re-analyzed by atomic absorption or emission spectrometry. Rock chip samples from outcrop/bedrock are selective by nature and is probably not consultant of the mineralization hosted on the undertaking.

The technical content material of this information launch has been reviewed and accepted by Michael Dufresne, M.Sc, P.Geol., P.Geo., a certified individual as outlined by Nationwide Instrument 43-101.

About Benchmark Metals

Benchmark Metals Inc. is a Canadian mineral exploration firm targeted on proving and creating the substantial useful resource potential of the Lawyer’s Gold-Silver Venture, situated within the prolific Golden Horseshoe of northern British Columbia, Canada. The Firm trades on the TSX Enterprise Change in Canada, the OTCQB Enterprise Market in the USA, and the Tradegate Change in Europe. Benchmark is managed by confirmed useful resource sector professionals, who’ve a monitor report of advancing exploration tasks from grassroots situations via to manufacturing.

Benchmark is a part of the Metals Group portfolio of corporations. Metals Group is an award-winning group of execs who stand for technical excellence, painstaking undertaking choice, uncompromising company governance and a novel potential to pan via the rubble to find and develop golden alternatives.

www.metalsgroup.com

ON BEHALF OF THE BOARD OF DIRECTORS

s/ “John Williamson”
John Williamson, Chief Govt Officer

For additional data, please contact:
Jim Greig
E-mail: [email protected]
Phone: +1 604 260 6977
www.benchmarkmetals.com

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 information launch might comprise sure “ahead wanting statements”. Ahead-looking statements contain identified and unknown dangers, uncertainties, assumptions and different elements that will trigger the precise outcomes, efficiency or achievements of the Firm to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements. Any forward-looking assertion speaks solely as of the date of this information launch and, besides as could also be required by relevant securities legal guidelines, the Firm disclaims any intent or obligation to replace any forward-looking assertion, whether or not on account of new data, future occasions or outcomes or in any other case.

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