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Benchmark Metals Inc.
Summary
| Project: | Lawyers | |
|---|---|---|
| Deposit: | Dukes Ridge | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 2/8/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 8-2-2019: Benchmark Metals Inc. announces an Exploration/Drilling Update report for its Dukes Ridge deposit at the Lawyers project. Drilling results incl. 33.52m @ 5.76g/t Au, 128.65g/t Ag from 0.00m. Edmonton – February 8, 2019 – Benchmark Metals Inc. (t | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Micheal Dufresne (Not stated) | |
| ABSTRACT: | Edmonton – February 8, 2019 – Benchmark Metals Inc. (the "Company" or "Benchmark") (TSX-V: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) – is pleased to report drill results from the Dukes Ridge Zone at the Lawyers Gold & Silver Project, located in the Golden Triangle region of British Columbia, Canada. Drill-holes intersected wide, bulk-tonnage intervals of near 1 g/t gold equivalent and narrower intervals of high-grade goldsilver mineralization. The drilling has expanded the resource area and indicates that the mineralization is open along strike and down-dip. CEO John Williamson commented, “The new drill results provide bulk tonnage drill intercepts that envelope high-grade gold-silver veins from surface. These results will significantly expand the overall size of the Dukes Ridge Zone that remains open for additional step-out drilling in 2019. This, in combination with results of previous and planned drilling at the Cliff Creek, Dukes Ridge and Phoenix mineralized zones, is leading to a significant increase in the existing estimate of mineral resources at the Lawyers Project. Previously described as discreet mineralized zones, evidence is growing to suggest that these zones may be interconnected with continuous mineralization over a +3km strike length, representing the heart of a mineral resource with significant potential for expansion along the major NW-SE oriented Lawyers Trend.” Lawyers Trend Results from the Dukes Ridge Zone are part of the +3 kilometre Lawyers Trend that lies between the Cliff Creek and Phoenix zones and forms part of an existing Mineral Resource Estimate. Please refer to the Company website for a depiction of the +3 kilometre Lawyers Trend, encompassing exploration zones Cliff Creek, Dukes Ridge, Phoenix and Phoenix East, with excellent potential for continued expansion. Drilling in 2018 has expanded the potential resource area, indicating gold-silver mineralization with a total strike length of at least 530 metres that is open at depth below 80 metres. A total of 1304.24 metres in 13 shallow drillholes were completed at Dukes Ridge near surface, with 6 holes grading above 1 g/t AuEq over intervals of greater than 10 metres. This drilling included 961.64 metres of reverse circulation (RC) and 342.60 metres in two diamond drill (DD) holes. Drill-hole 18DRRC010 intersected 5.76 g/t gold and 128.65 g/t silver across 33.52 metres and includes 52.02 g/t gold and 846.44 g/t silver across 3.05 metres (see results table below). | |
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