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Benchmark Intercepts a Broad Zone of Bulk Tonnage Mineralization at Duke's Ridge: 1.73 g/t AuEq over 70 Metres
Edmonton, Alberta--(Newsfile Corp. - January 23, 2020) - Benchmark Metals Inc. (TSXV: BNCH) ...
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":"Benchmark Intercepts a Broad Zone of Bulk Tonnage Mineralization at Duke's Ridge: 1.73 g/t AuEq over 70 MetresEdmonton, Alberta--(Newsfile Corp. - January 23, 2020) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) (the \"Company\" or \"Benchmark\") is pleased to report the along strike and down-dip extension of both bulk-tonnage and high-grade mineralization at Duke's Ridge. Drill hole 19DRDD003 intersected 1.26 g/t gold and 37.82 g/t silver or 1.73 g/t AuEq across 70.00 metres core length, including 47.40 g/t gold and 1111.00 g/t silver or 61.28 g/t AuEq across 0.99 metres core length. The mineralization is hosted within a broad zone of alteration and brecciation and includes a high-grade electrum-silver bearing quartz vein, similar to that intersected in drill hole 19DRDD004 (see Dec 11, 2019 Press Release; Figure 1). The bulk-tonnage and Phoenix style high-grade veins extend mineralization for over 350 metres along strike, over 140 metres vertical depth from surface, and confirm that the mineralized zone is both widening to the northwest and at depth (Figure 2). John Williamson, CEO of Benchmark, commented, \"Once again this result from the Duke's Ridge-Phoenix corridor has delivered an excellent broad zone of bulk-tonnage and high-grade Phoenix style mineralization. This key resource zone will be a focus for the 2020 exploration program while continued confirmation of near surface mineralization has potential for open pit mining methods with little to no overburden and low stripping ratios\". Table #1 - Selected results from 19DRDD003 (new) and previously reported drill holes.HoleFrom (m)To (m)Gold (g/t)Silver (g/t)*AuEq (g/t)Interval**19DRDD003 (new)98.00168.001.2637.821.7370.00including98.7399.7247.401111.0061.280.99and164.36165.0513.1073.2014.020.6918DRRC0100.0033.525.76128.657.3733.52including10.6713.7252.02846.4462.603.0519DRDD00483.5498.002.30191.884.7014.46including86.8890.227.85830.7118.233.34 *Gold equivalent (AuEq) calculated using 80:1 silver to gold ratio.**Intervals are core-length. True width is estimated between 80 to 90% of core length.Drill hole 19DRDD003 was designed to test the main Duke's Ridge Zone at depth, below historical drilling and mineralization that begins at surface. A broad zone of potassic alteration and oxidation was intersected between 90 and 217 metres. This zone conta...