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Benchmark Mobilizes the Largest Gold-Silver Drill Program to Be Undertaken in the Toodoggone in 2020
Edmonton, Alberta--(Newsfile Corp. - June 9, 2020) - Benchmark Metals Inc. (TSXV: BNCH) (O...
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":"Benchmark Mobilizes the Largest Gold-Silver Drill Program to Be Undertaken in the Toodoggone in 2020Edmonton, Alberta--(Newsfile Corp. - June 9, 2020) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) (the \"Company\" or \"Benchmark\") is pleased to provide an overview of the significant advancements it has made over the past two years since acquiring the Lawyers gold-silver project and it's vision for the next twelve months. The Company now sees potential for mining scenarios that will contribute to converting the existing exploration target into a future multi-million-ounce gold-silver Mineral Resource Estimate. Substantial historical data and 2018, 2019, and 2020 drill data will provide approximately 100,000 drilled metres for use within a new Mineral Resource Estimate at the conclusion of the 2020 program. This will be followed by a Preliminary Economic Assessment (PEA) in 2021. John Williamson, CEO commented, \"The Lawyers project began mining operations in the late 1980's as a small high-grade gold and silver producer, on a limited land position, during a period of depressed gold and silver prices. Our success began 30 years later with recognizing the potential of multiple anomalous high-grade gold and silver results consolidated into a large land package. We identified the potential to expand existing zones and explore the potential for larger mineralizing systems. This led to the discovery of previously unrecognized bulk-tonnage style mineralization. Over a two-year period, Benchmark has rapidly advanced its gold-silver project and with the addition of the forthcoming 2020 data we will have more than tripled the historically drilled metres. This season's data will be invaluable for us to demonstrate the economics of a new open-pit mining scenario during a period of escalating gold and silver prices\". 2020 Program Highlights:Up to 50,000 metres of drilling utilizing 5 drill rigs;Induced Polarization (IP) and Magnetotellurics (MT) geophysical survey;Ground magnetics/VLF at multiple zones;Detailed bedrock, alteration, and structural mapping;Extensive soil and rock sampling across new exploration targets;Advancing 6+ tertiary targets for new discovery potential;Advancing Cu-Au porphyry target areas;Ongoing metallurgical work;Commencement of geotechnical data collection; andBaseline environmental data collect...