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14.10.2019
Benchmark Defines Six Discrete Zones with Potential for Mineral Resources with High Grade and Bulk Tonnage Intercepts

Edmonton – October 14, 2019 – Benchmark Metals Inc. (the "Company" or "Benchmark")

 

 (TSX-V: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) – Benchmark is pleased to announce the successful completion of its 2019 exploration program at the Lawyers property. The program included 47 diamond drill holes totaling 10,766.79 metres, defining six discrete mineralized zones that will be the focus of resource definition and expansion drilling in 2020 (Figure 1). In addition, the collection of 1,406 soil samples, 215 rock trench samples, 42 rock channel samples, 299 rock grab samples, detailed geological mapping, and ground geophysics have developed two zones to drill ready targets and six additional early stage exploration targets for more comprehensive field programs in 2020. Benchmark anticipates the release of drill results from October through January 2020. The Lawyers Project is situated in the Stikine Terrane of northern British Columbia, Canada, and falls within the prolific, mineral-endowed ‘Golden Horseshoe’.

 

John Williamson, Chairman and CEO commented, “The 2019 program successfully extended gold-silver mineralization in all directions within six different zones across a 3km radius in the heart of the Lawyers Trend. Each zone shows significant potential to develop a mineral resource that includes high-grade and bulk-tonnage intersections that begin at surface. Our geologists have also defined new discovery zones across the 127 km2 package that will be drill tested in 2020.”

 

Table 1 documents the drilling completed at each of the six zones, including the quick-log intercepts for the most intense alteration, veining, and observed mineralization in each drill hole. To date, there has been a good correlation between these initial visual results and the assay results the Company has received, interpreted, and released. Examples of this include the first drill hole from each mineralized zone that was expedited at the lab and released as they became available:

 

-          Cliff Creek Zone – 19CCDD001 intersected (press release Aug 16, 2019):

  • 2.19 g/t gold and 85.36 g/t silver over 26.75 metres*
  • Incl. 11.73 g/t gold and 476.00 g/t silver over 4.40 metres*

-          AGB Zone – 19AGBDD001 intersected (press release Sept 20, 2019):

  • 2.79 g/t gold and 177.00 g/t silver over 25.00 metres*
  • Incl. 5.37 g/t gold and 214.00 g/t silver over 7.00 metres*
  • Incl. 10.02 g/t gold and 654.00 g/t silver over 2.1 metres*

-          Phoenix Zone 19PXDD001 intersected (press release Oct 7, 2019):

  • 46.90 g/t gold and 3,055.6 g/t silver over 2.87 metres*
  • Incl. 132.50 g/t gold and 8,560.0 g/t silver over 0.9 metres*
  • *All intervals are core-length.  True width is estimated to be 80-90% of core length.

 

Of the 47 drilled holes, 45 contained alteration, veining, and mineralization the results of which will be disseminated as they are received from the laboratory and interpreted.

 

In addition to the outstanding drill results from this year’s program, 1,406 soil samples, 215 rock trench samples, 42 rock channel samples, 299 bedrock grab samples, detailed geological mapping, and ground geophysics were completed over other targets within the historically underexplored 127 km2 property. Initial results from this data have defined new zones of mineralization, elevated two zones to drill-ready status, and furthered our understanding of six other zones, which will receive expanded work programs during the 2020 field season.  

 

Table 1: Complete list of 2019 drill holes with intervals of significant alteration, veining and visual mineralization including visible gold (VG) and native silver (Ag) indicated.

 

Drillhole ID

Zone

Total Depth (m)

Alt-Min* Vein Intersections (m)**

19AGBDD001

AGB

267.61

210-237

19AGBDD002

AGB

215.80

50-142

19AGBDD003

AGB

398.38

140-150

19AGBDD004

AGB

316.39

206-263

19AGBDD005

AGB

346.86

238-249, 275-300

19AGBDD006

AGB

316.67

212-218 (with VG/electrum/Ag); 236-289 (with visible Ag from 244-254m)

19AGBDD007

AGB

276.76

161-171, 221-240; VG at 231m

19AGBDD008

AGB

325.53

177-197, 249-253

19AGBDD009

AGB

139.00

2-80

19AGBDD010

AGB

146.00

Minor veining and alteration

19CCDD001

Cliff Creek

248.44

140 -155

19CCDD002

Cliff Creek

214.88

40-42, 81-104, 127-130, 159-173

19CCDD003

Cliff Creek

249.02

59-67, 150-210

19CCDD004

Cliff Creek

184.40

30-73, 82-122

19CCDD005

Cliff Creek

322.17

115-128, 132-157, 230-259

19CCDD006

Cliff Creek

172.82

30-70, 75-77, 90-93, 109-125,

19CCDD007

Cliff Creek

209.39

106-134,157-164

19CCDD008

Cliff Creek South

151.18

none

19CCDD009

Cliff Creek South

289.50

140-241

19CCDD010

Cliff Creek South

354.67

307-330

19CCDD011

Cliff Creek South

288.33

169-235

19CCDD012

Cliff Creek South

245.67

106-177

19CCDD013

Cliff Creek South

263.96

154-202

19CCDD014

Cliff Creek South

334.04

244-294

19CCDD015

Cliff Creek South

224.33

95-204

19CCDD016

Cliff Creek

239.27

72-213

19CCDD017

Cliff Creek

260.60

91-140, 152-155

19CCDD018

Cliff Creek

201.17

35-106,130-169

19CCDD019

Cliff Creek

192.01

40-51, 89-122, 170-175

19CCDD020

Cliff Creek

254.81

4-10, 130-140

19CCDD021

Cliff Creek

178.30

4-20, 81-95

19CCDD022

Cliff Creek

205.74

17-52, 186-189

19CCDD023

Cliff Creek

133.20

20-48

19CCDD024

Cliff Creek Exploration

181.00

Minor veining and alteration

19CCDD025

Cliff Creek

172.52

9-54, 73-104, 139-150

19CCDD026

Cliff Creek Exploration

180.00

none

19DRDD001

Dukes Ridge

185.01

66-78, 130-148

19DRDD002

Dukes Ridge

248.72

155-193, 212-230

19DRDD003

Dukes Ridge

230.48

VG at 98-100m, 165-206

19DRDD004

Dukes Ridge

221.29

85-99, 121-131

19DRDD005

Dukes Ridge

212.14

41-75

19PXDD001

Phoenix

187.76

130-131 (phoenix vein), 163-165

19PXDD002

Phoenix

123.74

83.8-85.3

19PXDD003

Phoenix

157.28

106.5-108

19PXDD004

Phoenix East

153.92

Minor veining and alteration

19PXDD005

Phoenix East

160.32

Minor veining and alteration

19PXDD006

Phoenix East

185.71

Minor veining and alteration

* Alt-Min = thickness of alteration and significant visual minerals

**All intervals are core-length.  True width is estimated to be 80-90% of core length

 

Figure #1: Map of six discrete zones within the Lawyers Trend that will be the focus of resource definition and expansion in 2020.

 

 

 

Quality Assurance and Control

Results from samples were 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 (+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 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,

 

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

s/ “John Williamson”

John Williamson, Chief Executive Officer

 

 

 

For further information, please contact:

Jim Greig

Email: jimg@BNCHmetals.com

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 “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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