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Benchmark Plans Large Drilling Expansion Program to Add More High-Grade Gold and Silver Ounces to the Mineral Resource Estimate
Edmonton, Alberta--(Newsfile Corp. - March 6, 2023) -   Benchmark Metals Inc.  (TSXV:...
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[{"type":"text","content":"Benchmark Plans Large Drilling Expansion Program to Add More High-Grade Gold and Silver Ounces to the Mineral Resource EstimateEdmonton, Alberta--(Newsfile Corp. - March 6, 2023) -  Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the \"Company\" or \"Benchmark\") - is pleased to announce 20,000 metres of Mineral Resource expansion drilling at its Cliff Creek and Dukes Ridge deposits. The drill program has the potential for expansion of high-grade contiguous zones below the existing deposits that could provide the potential for underground mining in a future Economic Study. Drilling plans include step-out and infill drilling below the open-pits, in areas that were not included in the 2022 Preliminary Economic Assessment (PEA). The potential for expansion at depth is noted with selected drill intersections (see Figure #1) including 21.00 metres at 4.04 g/t gold and 84.12 g/t silver or 5.09 g/t AuEq* in drill hole 21CCDD049 and 13.74 metres at 6.43 g/t gold and 378.59 g/t silver or 11.16 g/t AuEq* in drill hole 22DRDD003. Benchmark's flagship, 100% owned Lawyers Gold-Silver Project (the \"Project\") is located within a road accessible region of the prolific Golden Horseshoe area of north-central British Columbia, Canada.John Williamson, CEO & Director commented, \"The deposits remain open for additional resource growth with high-grade gold and silver mineralization below the existing deposits. Expansion drilling is anticipated to significantly improve the Project economics by adding more high-grade mineralization to the mine schedule. The areas below the deposits contain four (4) to fifteen (15) metre wide zones of consistent high-grade gold and silver mineralization. The plunging high-grade mineralized zones appears to be 50 to >100 metres in length and in some areas the length is still unconstrained, both Cliff Creek and Dukes Ridge are open at depth.\" Expansion DrillingBenchmark drilling to date has focused on the majority of drilling to delineate three open pit constrained deposits with a global Mineral Resource Estimate (MRE) of 3.14 Moz at 1.45 g/t AuEq (1.16 g/t Au and 22.9 g/t Ag) Indicated and 0.415 Moz at 2.63 g/t AuEq (2.2 g/t Au and 36.1 g/t Ag) Inferred (June 11, 2022). Benchmark is now planning additional drilling to further expand the MRE to depth. The Cliff Creek Deposit has limite...