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Benchmark Advances Gold-Silver Project with Technical and Permitting Work Towards a Mining Decision
Edmonton, Alberta--(Newsfile Corp. - May 12, 2022) - Benchmark Metals Inc. (TSXV: BNCH) (...
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":"Benchmark Advances Gold-Silver Project with Technical and Permitting Work Towards a Mining DecisionEdmonton, Alberta--(Newsfile Corp. - May 12, 2022) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the \"Company\" or \"Benchmark\") is pleased to provide a corporate update as the Company progresses towards permitting its gold and silver project. The Company is near completion of a updated Mineral Resource Estimate (\"MRE\") for delivery in May, 2022. In addition, considerable work is completed to generate the Company's maiden engineering and economic study. The Preliminary Economic Assessment (\"PEA\") is anticipated for June, 2022 and will focus on open-pitable resources derived from the updated MRE. During 2022, Benchmark has already completed over 18,000 metres of drilling, a significant portion of this drilling will be included in the updated MRE and PEA. In addition, a portion of the drilling has focused on geotechnical work towards infrastructure areas. Benchmark's flagship Lawyers Gold-Silver Project is located within a road accessible region of the prolific Golden Horseshoe area of north-central British Columbia, Canada.John Williamson, CEO, commented, \"Work over the past year has focused on delivering a larger updated Resource Estimate with the majority of ounces in the measured and indicated category. Recent drilling has outlined multiple core zones of higher-grade gold and silver at surface to deliver higher impact ounces. This work is to support a Preliminary Economic Assessment that should demonstrate robust metrics. The new milestones will be provided during May and June, delivering significant value in the near future. The new Resource and Economic Study will validate the Project as a world-class mining endeavour and support engineering and environmental work to fast track the project to a construction decision, in a proven, Tier 1 mining jurisdiction.\"Updated Mineral Resource Estimate (MRE)The MRE is pending with the majority of ounces to be classified in the Measured + Indicated category due to tight drill spacing. This has resulted in considerable de-risking of the Project, providing more potential for mineable mineralization near surface. The new updated MRE will provide a mineral resource suitable for use in a Feasibility Study for Q1, 2023. Recent drilling in 2021 and 2022 has focused on ...