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RETRANSMISSION: Benchmark Delivers 2.1 Million Ounces of 1.62 g/t AuEq Indicated and 821,000 Ounces of 1.57 g/t AuEq Inferred for Its Initial Mineral Resource Estimate
Edmonton, Alberta--(Newsfile Corp. - May 17, 2021) - Benchmark Metals Inc.  (TSXV: BNC...
About this update from Thesis Gold & Silver Inc.
[{"type":"text","content":"RETRANSMISSION: Benchmark Delivers 2.1 Million Ounces of 1.62 g/t AuEq Indicated and 821,000 Ounces of 1.57 g/t AuEq Inferred for Its Initial Mineral Resource EstimateEdmonton, Alberta--(Newsfile Corp. - May 17, 2021) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the \"Company\" or \"Benchmark\") is pleased to announce the initial bulk-tonnage Mineral Resource Estimate (MRE) for its Lawyers Gold-Silver Project in a road accessible area of north-central British Columbia, Canada. A total of 696 drill holes totaling 123,101.2 metres collectively from the Cliff Creek, AGB, Dukes Ridge and Phoenix Zones were used in the MRE completed by P&E Mining Consultants Inc. (P&E).Highlights include:Indicated Mineral Resource of 2.1 million ounces grading 1.62 grams per tonne (g/t) gold equivalent (AuEq), as per Table 1;Inferred Mineral Resource of 821,000 ounces grading 1.58 g/t AuEq;The Mineral Resource is amenable to both open pit and underground mining methods;Pit constrained (open pit)Indicated - 2.05 M oz AuEqInferred - 595 k oz AuEq Out of Pit (potential underground below the pit at Cliff Creek and AGB)Indicated - 48 k oz AuEqInferred - 226 k oz AuEq The Mineral Resource shows excellent continuity and consistency, demonstrated by increasing AuEq cut-off grades having marginal impact on the pit constrained AuEq ounces as demonstrated in Table 2;The MRE will form the basis of a Preliminary Economic Assessment (PEA) expected to be completed in late Q2 2021, and; All of the zones remain open and Benchmark is fully funded for its upcoming 2021 100,000 metre drill program.John Williamson, CEO, commented, \"This initial multi-million-ounce Mineral Resource has exceeded all expectations and has significant expansion potential with the planned 2021 drill program. In addition, the regional exploration drill program will be targeting zones for new satellite deposits.\"Ian Harris, VP Engineering, commented, \"The Project is demonstrating potential for economic mining methods with high-grade mineralization extending from surface to depth. The resilience of the Mineral Resource at a wide range of cut-off grades in all pits bodes well for the upcoming Preliminary Economic Assessment and is expected to provide multiple routes to successful project design. Benchmark's drill-to-build philosophy is delivering the results t...