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Benchmark Provides Year-End Summary and Catalysts for Growth in 2021 at Its Lawyers Gold-Silver Project
Edmonton, Alberta--(Newsfile Corp. - January 4, 2021) - Benchmark Metals Inc. (TSXV: BNCH) (...
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":"Benchmark Provides Year-End Summary and Catalysts for Growth in 2021 at Its Lawyers Gold-Silver ProjectEdmonton, Alberta--(Newsfile Corp. - January 4, 2021) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the \"Company\" or \"Benchmark\") is pleased to provide a summary of the 2020 work program and catalysts for growth into 2021. The Company completed 87,298 m of drilling in 388 holes during 2020 and will continue to disclose additional results through to February, 2021. All work performed during the year and previous years will support a new Mineral Resource Estimate in Q1 2021 and Preliminary Economic Study in Q2 2021. Benchmark's flagship Lawyers Gold-Silver Project is located in a road-accessible area of the Golden Horseshoe in north-central British Columbia, Canada.John Williamson, CEO, commented, \"The Company has released significant positive results with the majority of drill sample assays pending from the lab. Results are expected over the coming weeks and will continue to be released until the end of February, 2021. The Company anticipates a fully funded $25-30 million 2021 exploration and drilling program to move the project towards feasibility. Benchmark's opportunity for growth is unparalleled as we enter a mining cycle where gold and silver producers require new, large mines to feed diminishing gold-silver supplies.\"Benchmark highlights from the year include:Drill intercepts in 2020 to support resource expansion and a new bulk-tonnage Resource Estimate:High-grade bulk tonnage with 128.1 metres at 3.02 grams per tonne (g/t) gold equivalent (AuEq*) (1.65 g/t gold, 110.02 g/t silver) (November 6, 2020);Bulk tonnage with 221.53 metres at 1.01 g/t AuEq* (November 6, 2020), and;High-grade with 4.30 metres at 33.52 g/t AuEq* (December 8, 2020).*Gold equivalent (AuEq) calculated using 80:1 silver to gold ratio.Visual sulphide mineralization and alteration consistent with precious metal zones has been logged at depths of 500 vertical metres, extending the known mineralization from 2019 drilling by over 250 metres vertical depth (December 8, 2020);New discovery at the Marmot Zone (assays pending), with the potential for more new discoveries in 2021 across 6+ target areas to be drill tested;$50.3 million capital raise to support work in 2021 and 2022 as the Company works towards a Feasibility Study (FS) an...