Identifies High-Grade Gold And Silver With Rigs In Operation
Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) has identified a number of promising areas to follow up following announce completion of over 31,000m of drilling at its ongoing programme for resource expansion and advancement of new targets at the Lawyers Gold-Silver Project in British Columbia, Canada.
The company has five drill rigs operating with near-term plans to add a sixth drill rig.
The company has aggressively advanced new target areas with a significant regional exploration completed to date that includes geophysics, soil and rock sampling and mapping.
CEO, John Williamson, said that with a proven exploration strategy significant new results from the 2021 work programme include rock grab samples that assayed up to 16.4 g/t AuEq at Silver Creek and 34.4 g/t AuEq in the Silver Pond West zones, overlapping soil assays are pending.
“The company is on track to complete over 100,000 metres of total drilling during the 2021 programme,” Mr Williamson said.
“The drilling will significantly expand the total gold-silver ounces in an updated Mineral Resource Estimate for 2022.
“The regional exploration program is outlining large new target areas and the drilling at the Marmot Zone, located thee kilometres south of the main deposits, is showing potential to become a satellite deposit hosting significant gold-silver ounces.”
To date, visual alteration and geological core logging of the resource drilling expansion and conversion (to the indicated category) has noted significant expansion potential at all deposit areas. Visual mineralization and alteration in the drill core correlate with the geological model at the AGB and Cliff Creek deposits, suggesting significant potential to expand the deposits to the south and at depth.
Drilling at the Marmot exploration target is well underway, with initial visual results comparable with last years drilling that returned 101.00 metres (core length) of 0.82 g/t AuEq (including 18.00 metres of 2.5 g/t Au), demonstrating significant potential to expand the area of mineralisation along strike and at depth.
Silver Creek and Silver Pond West
The Silver Creek and Silver Pond West zones are located within a northwest-southeast structural corridor along-strike to the Marmot zone ~2.5 kilometres to the southeast as well as paralleling the orientation of fault structures interpreted as significant controls on mineralization at the Cliff Creek resource zone located up to 1.5 kilometres to the north. Fault structures at both Silver Creek and Silver Pond are defined by newly acquired ground magnetic and VLF geophysical signatures that suggest excellent expansion potential of these zones beyond the known gold and silver mineralization at surface.
Highlights from rock samples collected in 2021 suggests significant gold and silver mineralisation occurs within the system, including select rock grab samples that assayed up to 8.92 g/t Au and 597 g/t Ag at Silver Creek as well as 20.3 g/t Au and 1130 g/t Ag at Silver Pond West.
Alteration is consistent with epithermal-style mineralisation observed at the Cliff Creek and Marmot zones.
Shallow historical drilling at Silver Creek and Silver Pond West confirms that both low and high-grade intervals exist within the zones, including 2.14 g/t AuEq over 14 metres at Silver Creek and 13.5 g/t AuEq over 3 metres at Silver Pond West. Additionally, historical sampling of the core is similar to that at Cliff Creek and AGB, where sampling focused on the high-grade mineralisation while much of the core remained largely unsampled.
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