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Benchmark Metals Inc.
Summary
| Project: | Lawyers | |
|---|---|---|
| Deposit: | Cliffs Creek | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 2/28/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-2-2020: Benchmark Metals Inc. announces a Resource Estimation report for its Cliffs Creek deposit at the Lawyers project. Exploration Target for Cliff Creek Zone. Edmonton, Alberta--(Newsfile Corp. - February 28, 2020) - Benchmark Metals Inc. (TSXV: BN | |
| Resources: | Exploration Target: 1.68 - 1.92Moz AuEq. @ 1.71 - 1.73g/t AuEq. | |
| CP/QP: | [Overall Report]: Michael Dufresne (Not stated) | |
| ABSTRACT: | Edmonton, Alberta--(Newsfile Corp. - February 28, 2020) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) (the "Company" or "Benchmark") is pleased to report the review and definition of a drill-defined, bulk-tonnage Exploration Target for the Cliff Creek Zone. The Cliff Creek exploration target currently measures 1.2 km in strike length, 300 metres wide and 300 metres deep while remaining open in all directions. Using current and validated historical data, the Zone hosts a target of 1,682,000 ounces gold equivalent (AuEq) up to 1,923,000 ounces AuEq with an average grade ranging from 1.71 grams per tonne (g/t) AuEq up to 1.73 g/t AuEq utilizing a 0.5 g/t gold cutoff (Table 1). The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The Lawyers Project holds three additional Exploration Target areas, including the Amethyst Gold Breccia (AGB), Dukes Ridge and Phoenix zones. All zones lie within an extensive 10km2 alteration zone in the heart of the Lawyers Project, situated in the Stikine Terrane of northern British Columbia, Canada, and falling within the prolific, mineral endowed 'Golden Horseshoe'. John Williamson, CEO commented, "The Cliff Creek Exploration Target is the most advanced of the four target areas and all remain open in all directions. Drilling in 2019 indicates that the AGB and Dukes Ridge exploration targets have similar characteristics and potential as the Cliff Creek zone. Work in 2020 will be designed to develop the exploration targets toward a definitive resource with future mining potential. Additional high-grade ounces can be targeted below the near-surface mineralization. The Benchmark team has discovered new areas of parallel mineralization and anticipates more new zones from expansion drilling that will uncover the bulk tonnage aspects that were historically overlooked". | |
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