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Benchmark Metals Inc.
Summary
| Project: | Lawyers | |
|---|---|---|
| Deposit: | Lawyers | |
| Location: | Canada | |
| Commodities: | Gold-Silver | |
| Date: | 4/29/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-4-2019: Benchmark Metals Inc. announces a Resource Estimation report for its Lawyers deposit at the Lawyers project. Exploration target for Cliff Creek, Dukes Ridge, Phoenix and AGB areas. Edmonton, Alberta--(Newsfile Corp. - April 29, 2019) - At the r | |
| Resources: | Exploration Target: 42.0Mt - 82.0Mt @ 1.2g/t AuEq - 1.9g/t AuEq | |
| CP/QP: | [Overall Report]: Rob L'Heureux (Not stated) | |
| ABSTRACT: | Edmonton, Alberta--(Newsfile Corp. - April 29, 2019) - At the request of IIROC, Benchmark Metals Inc. (TSXV: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) (the "Company" or "Benchmark") is providing clarification to the Company's April 26, 2019 news release that disclosed an exploration target on the Company's Lawyers Property. Specifically, the potential quantity and grade of the exploration target 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 exploration target being delineated as a mineral resource. The expanded drill program will focus on infill, step-out and deeper drilling to expand the current resources at Cliff Creek and Dukes Ridge and establish new resources at the Phoenix and AGB zones. The program will include 30,000 metres of drilling, 2,000 to 3,500 soil samples, 600 to 1,000 rock samples, channel sampling, mapping, and ground geophysics. Recent work has resulted in the definition of a new bulk tonnage exploration target that is based upon the review of more than 276 historic drillholes for a total of 36,240 meters, 133 historic trenches for a total of 7,062 linear meters and the new 2018 drilling of 38 drillholes for a total of 4,122 meters. The resulting bulk tonnage exploration target has been established for Cliff Creek, Dukes Ridge, Phoenix and AGB target areas with a range of 1.2 grams per tonne (g/t) gold equivalent* (AuEq) up to 1.9 g/t AuEq with a range in tonnes of 42 million tonnes up to 82 million tonnes for a range in AuEq ounces of 1.6 million ounces up to 5.0 million ounces. The potential quantity and grade of the exploration target 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 exploration target being delineated as a mineral resource. | |
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