Benchmark Metals Extends Dukes Ridge Resource Area from 500m to +700m and Provides Additional Bulk-Tonnage Drill Intercepts at the Lawyers Trend
TSX VENTURE: BNCH
Edmonton, Alberta--(Newsfile Corp. - March 19, 2019) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) (the "Company" or "Benchmark") - is pleased to report successful 200 metre step-out and infill drilling at the Dukes Ridge zone mineral resource located within the +20 kilometre Lawyers Trend at the Lawyers Gold-Silver Project. Lawyers is located in the prolific Stikine Terrane of the Toodoggone Mineral District, which also hosts the Golden Triangle region of British Columbia, Canada.
CEO John Williamson commented, "We continue to see long drill intercepts from surface that include over 63 metres of near 1.5g/t gold equivalent grade (DR15-05). The 2018 exploration program has extended the Dukes mineralized zone 400m southeast towards the Phoenix zone, and extends the mineralisation at depth. The 2018 drilling at Dukes Ridge comprised 1,304.24m in 13 holes and an additional 7 holes (732.74m) at the Phoenix zone. The Phoenix zone has potential to extend an additional 500m beyond the 2018 drilling to the southeast, as defined by anomalous soil and rock samples collected during 2018."
Director, Michael Dufresne, P.Geol commented, "We are encouraged by the results of our initial drilling at the Lawyers Trend and believe that the 2018 drilling results combined with follow-up drilling during 2019 will lead to a significant increase in the existing mineral resources at the Lawyers Project. Geological comparisons can be made to the world-class Cerro Negro and Cerro Vanguardia mines in Argentina where operations began with selective mining of high-grade veins and evolved to bulk-tonnage mining that enveloped the higher-grade areas. Lawyers is a large, road accessible property with anomalous gold and silver at surface across a +20km trend."
Drill Results and Zone Extension
Drilling at the Dukes Ridge zone extends the gold and silver mineralization southeast to over 600m in total strike length. The Dukes Ridge zone forms part of the maiden resource estimate with a 200m strike length. The 2018 drilling has extended the mineralized zone by an additional 400m southeast to the Phoenix zone. Within the mineral resource area, more extensive sampling has identified continuous near-surface bulk tonnage type mineralization, in addition to the previously recognized high-grade zones. Selected infill holes have provided long intercepts up to 5.76 g/t Au and 128.65 g/t Ag over 33.52m (reported February 9, 2019) and 1.16 g/t Au and 36.18 g/t Ag over 63.75m. The entire +600m zone from Dukes Ridge to Phoenix is coincident with a large radiometric anomaly and a linear magnetic anomaly indicates the mineralized system likely extends further along strike to the southeast. The infill drilling will provide substantial validation on historical drill-holes to be used in a future mineral resource estimate. The Phoenix zone and the extension to the north remain to be tested and will form part of the 2019 drill program.
Selected Infill and Step-out Drill Results
|DR15-05||From 1.25m to 65.00m||1.16 g/t Au||36.18 g/t Ag||63.75m interval|
|including||From 33.50m to 42.06m||3.85 g/t Au||106.56 g/t Ag||8.56m interval|
|18PXDD002||From 69.00m to 72.95m||10.99 g/t Au||819.43 g/t Ag||3.95m interval|
|18DRRC001||From 39.62m to -86.87m||0.70 g/t Au||29.51 g/t Ag||47.25m interval|
|18DRRC006||From 48.77m to 60.96m||2.22 g/t Au||82.82 g/t Ag||12.19m interval|
|including||From 59.43m to 60.96m||7.86 g/t Au||188 g/t Ag||1.53m interval|
|18DRRC010||From 0.00m to 33.52m||5.76 g/t Au||128.65 g/t Ag||33.52m interval|
|including||From 10.67m to 13.72m||52.02 g/t Au||846.44 g/t Ag||3.05m interval|
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
s/ "John Williamson"
John Williamson, Chief Executive Officer
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