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Benchmark Metals Inc.
Summary
| Project: | Lawyers | |
|---|---|---|
| Deposit: | Lawyers | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 6/14/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-6-2018: Benchmark Metals Inc. announces a Resource Estimation report for its Lawyers deposit at the Lawyers project. Initial mineral resource estimate at project. EDMONTON, Alberta, June 14, 2018 -- Benchmark Metals Inc. (formerly, Crystal Exploration | |
| Resources: | (Resource, Inf.): 550Kt @ 4.51g/t Au, 209.15g/t Ag at Cliff Creek North deposit | |
| CP/QP: | [Resources]: Not stated (Giroux Consultants Ltd.) | |
| ABSTRACT: | EDMONTON, Alberta, June 14, 2018 -- Benchmark Metals Inc. (formerly, Crystal Exploration Inc., the “Company” or “Benchmark”) (TSX-V:BNCH) (OTCQB:CYRTD) (WKN:A2JM2X) – is pleased to announce the release of a maiden inferred mineral resource estimate for two spatially associated zones of epithermal gold-silver (Au-Ag) mineralization at the Lawyers Project in the Toodoggone region of northern British Columbia, Canada. Giroux Consultants Ltd. (“Giroux”) of North Vancouver, B.C., has estimated an inferred mineral resource of 550,000 tonnes grading 4.51 g/t Au and 209.15 g/t Ag at a 4.0 g/t gold equivalent (“AuEQ”) lower cut-off at the Cliff Creek North zone, which equates to a contained metal resource of 80,000 troy oz. Au and 3,700,000 oz. of Ag, along with an inferred mineral resource of 58,000 tonnes grading 4.30 g/t Au and 139.13 g/t Ag (at a 4.0 g/t AuEQ lower cut-off) at the Duke’s Ridge zone, which equates to a contained metal resource of 8,000 oz. of Au and 260,000 oz. of Ag (see Tables 1 and 2 below). Benchmark will file a technical report on Sedar supporting the mineral resource estimate within 45 days of this news release. CEO John Williamson commented on the maiden resource, “The results of the independent inferred mineral resource estimate provide an initial platform on which we intend to grow the resource base with further work including drilling to infill and extend the known mineralized zones along strike and at depth. Existing historic drill results along strike and at depth indicate the expansion potential to be excellent.” Mr. Williamson further commented on the potential of the Lawyers Project, “The Golden Triangle region of northwestern British Columbia has been the focus of aggressive exploration in recent years with new mines being put into production, development projects and high-grade results from multiple companies. The Lawyers Project brings together the past-producing Lawyers gold-silver mine area and the extensive Silver Pond trend of precious metals occurrences within the northeast part of the Golden Triangle. This large prospective land holding presents a unique opportunity for Benchmark to carry out further exploration on a 'camp' scale. There remains excellent potential for the discovery of additional low and high-sulphidation epithermal precious metal deposits like those that have been discovered and explored to date. In addition, there exists the possibility for the discovery of near-surface or buried 'bulk tonnage' deposits which may offer the advantage of economies of scale should future mine development occur.” | |
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