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Benchmark Metals Inc.

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Summary

Project:

Lawyers

Deposit:Duke's Ridge
Location:Canada
Commodities:Gold-Silver
Date:1/23/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:23-1-2020: Benchmark Metals Inc. announces an Exploration/Drilling Update report for its Duke's Ridge deposit at the Lawyers project. Drilling results incl. 70.00m @ 1.26g/t Au, 37.82g/t Ag from 98.00m. Edmonton, Alberta--(Newsfile Corp. - January 23, 202
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Michael Dufresne (Not stated)
ABSTRACT:Edmonton, Alberta--(Newsfile Corp. - January 23, 2020) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) (the "Company" or "Benchmark") is pleased to report the along strike and down-dip extension of both bulk-tonnage and high-grade mineralization at Duke's Ridge. Drill hole 19DRDD003 intersected 1.26 g/t gold and 37.82 g/t silver or 1.73 g/t AuEq across 70.00 metres core length, including 47.40 g/t gold and 1111.00 g/t silver or 61.28 g/t AuEq across 0.99 metres core length. The mineralization is hosted within a broad zone of alteration and brecciation and includes a high-grade electrumsilver bearing quartz vein, similar to that intersected in drill hole 19DRDD004 (see Dec 11, 2019 Press Release; Figure 1). The bulk-tonnage and Phoenix style high-grade veins extend mineralization for over 350 metres along strike, over 140 metres vertical depth from surface, and confirm that the mineralized zone is both widening to the northwest and at depth (Figure 2). John Williamson, CEO of Benchmark, commented, "Once again this result from the Duke's Ridge-Phoenix corridor has delivered an excellent broad zone of bulk-tonnage and high-grade Phoenix style mineralization. This key resource zone will be a focus for the 2020 exploration program while continued confirmation of near surface mineralization has potential for open pit mining methods with little to no overburden and low stripping ratios".

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