Edmonton, Alberta–(Newsfile Corp. – April 29, 2022) – Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the “Company” or “Reference“) – is pleased to announce new infill and expansion drilling results at the Dukes Ridge deposit, highlighted by 57.00 meters (m) of core length of 1.72 grams per tonne (g/t) gold and 64.41 g/t silver or 2.52 g/t gold equivalent (AuEq)*, including 9.06 m of 6.87 g/t gold and 182.72 g/t silver or 9.16 g/t AuEq into drill hole 22DRDD022. These drill results have extended known mineralization over 170 meters below the existing 2021 Mineral Resource Estimate (MRE) pit to over 325 meters vertical depth from surface (Figure 1). The Dukes Ridge deposit remains a significant potential source of additional gold-silver ounces at Lawyers as drill-indicated high-grade pushes into bulk tonnage mineralization intervals continue to accumulate with each phase of drilling outside of the pit envelope generated via the 2021 EMR (Figure 2). The Company completed an infill and expansion drilling program of over 16,000 meters at the Cliff Creek, Dukes Ridge and AGB deposits and in the Marmot Lake area. The Company will provide additional results from the spring drill program as they become available. Benchmark’s flagship Lawyers Gold-Silver project is located in a road-accessible region of the prolific Golden Horseshoe region of north-central British Columbia, Canada.
John Williamson, CEO, commented: “Dukes Ridge continues to deliver excellent drill results and the continuity of high grade mineralization to depth is well below the existing 2021 resource pit. for Dukes to contribute additional ounces of gold and silver to the project. with continued drilling. The Dukes deposit has little historical drilling compared to the AGB and Cliff Creek deposits, which provides an opportunity to deliver more gold and silver. The upcoming updated mineral resource estimate will include these latest results from Dukes, and we are excited to see what these results add to the resource.”
- Targeted drilling of plunging high-grade mineralization beneath the EMR 2021 pit shell yielded 9.06 m of 6.87 g/t Au and 182.72 g/t Ag, i.e. 9.16 g/t AuEqin a wider range 1.72 g/t Au and 64.41 g/t Ag, i.e. 2.52 g/t AuEq over 57.00 meters in hole 22DRDD022.
- High-grade zones in broad bulk tonnage zones similar to mineralization at Cliff Creek:
- 0.37 m of 65.60 g/t Au and 2600.00 g/t Ag or 98.00 g/t AuEqand 2.52 m of 18.26 g/t Au and 552.85 g/t Ag or 25.17 g/t AuEq in a wider range 2.17 g/t Au, 78.14 g/t Ag or 3.15 g/t AuEq over 38.22 meters in hole 22DRDD026.
- 1.00 m of 9.43 g/t Au and 34.20 g/t Ag or 9.86 g/t AuEq, and 1.00 m of 6.41 g/t Au and 62.40 g/t Ag or 7.19 g/t AuEq in a wider range 0.93 g/t Au, 8.46 g/t Ag or 1.04 g/t AuEq over 41.33 meters in hole 22DRD019.
- These results confirm the validity and accuracy of the geological modelling, with the planned drilling intersecting strong mineralization where expected.
Dukes Ridge Depot
The Dukes Ridge deposit accounted for 109,000 AuEq ounces indicated in the 2021 Mineral Resource estimate (May 14, 2021), with most of the gold-silver ounces beginning at or near surface. The mineralized dimensions at Dukes now exceed 850 meters in lateral length and 325 meters in vertical depth, and significant expansion potential exists as the mineralization remains open to the north, south and at depth. The continuity of mineralization at depth at Dukes is excellent, and the next ERM update will include these latest drill results.
Figure 1: Long section of the Dukes Ridge Zone showing gold and silver results from a series of drill holes.
Figure 2: Cross-section of the Dukes Ridge Zone showing gold and silver results from a series of drill holes located upstream of 22DRDD022.
Table 1: Summary of drill results from the Dukes Ridge Zone
|Borehole||From (m)||to M)||Interval
|Au (g/t)||Ag (g/t)||AuEq
* Gold equivalent (AuEq) calculated using a silver to gold ratio of 80:1.
** The intervals correspond to the length of the heart. The true width is estimated between 80 and 90% of the length of the core.
Quality assurance and control
Sample results 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 staff under the direction of Rob L’Heureux, P.Geol. A secure chain of custody is maintained for the transport and storage of all samples. Gold was assayed using fire assay with atomic emission spectrometry and gravimetric finishing as required (+10 g/t Au). Four-acid digestion analysis with 48-element ICP-MS analysis was performed on all samples with silver and base metal exceedances reanalyzed by atomic absorption or emission spectrometry. Rock chip samples from outcrop/bedrock are selective in nature and may not be representative of the mineralization hosted on the project.
The technical content of this press 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 reference metals
Benchmark Metals Inc. is a Canada-based gold and silver company advancing its 100% Lawyer’s owned 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 kilometer 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 seasoned resource industry professionals with a proven track record of advancing exploration projects from baseline to production.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ “John Williamson”
John WilliamsonChief executive officer
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