23:51:11 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Benjamin Hill Mining Corp
Symbol BNN
Shares Issued 64,868,436
Close 2024-02-29 C$ 0.57
Market Cap C$ 36,975,009
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Benjamin Hill drills 211.65 m of 0.46 g/t Au at Alotta

2024-02-29 10:50 ET - News Release

Mr. Lorne Warner reports

BENJAMIN HILL INTERCEPTS 211.65 METRES OF 0.46 GRAMS/TONNE GOLD FROM TWO RECONNAISSANCE DIAMOND DRILL HOLES AT ALOTTA GOLD-COPPER PORPHYRY TARGET IN THE YUKON

Benjamin Hill Mining Corp. has released assay results from the inaugural diamond drill holes that intercepted 211.65 metres of 0.46 gram per tonne gold in extensive porphyry-style mineralization at the Alotta gold-copper-molybdenum target in west-central Yukon (see attached table).

Holes ALT-23-01 and ALT-23-02 tested the south-central portion of an induced polarization chargeability high with coincident copper-in-soil and gold-in-soil anomalies. The drill program is expected to recommence in May, 2024, and will focus on three areas of coincident copper-in-soil, molybdenum-in-soil and gold-in-soil geochemical anomalies that indicate potential centres of porphyry mineralization.

Lorne Warner, president, stated: "We are very excited to see such positive drill results from our maiden drilling campaign at Alotta. We were initially attracted to the project for the sheer size of the geochemical anomaly, and I am pleased to see that our thesis has been reinforced by our maiden drill program. Planning has commenced for follow-up drilling this summer."

Russell Ball, strategic adviser to the company, added: "This is a very encouraging result from the first two reconnaissance holes at Alotta. With a coincident gold-copper-molybdenum geochemical footprint of over four square kilometres, Alotta has the potential to be a company maker. I look forward to working with the company on the follow-up drilling program this summer."

Holes ALT-23-001 and ALT-23-002

Both holes exhibited multiple intrusive phases including intrusive breccias displaying strong biotite alteration, carbonate veining, and pyrrhotite, pyrite, chalcopyrite and molybdenite mineralization as interstitial clots and stringers.

About Benjamin Hill Mining Corp.

Benjamin Hill Mining is a Canadian-listed junior exploration company focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project located 50 kilometres south of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in Yukon, Canada.

In addition, the company holds a 20-per-cent interest in Aion Mining Corp., a company that is developing the fully permitted La Estrella coal project in Santander, Colombia. The project contains eight known seams of metallurgical and thermal coal.

Quality assurance/quality control

Drill core sample preparation and multielement analyses were carried out at ALS in Whitehorse, Yukon, and North Vancouver, B.C., respectively. Each sample was dried and fine crushed to better than 70 per cent passing two millimetres, and then a 250-gram split was pulverized to better than 85 per cent passing 75 microns. The fine fractions were analyzed for gold by fire assay fusion and inductively coupled plasma -- atomic emission spectrometry (Au-ICP21) and for 51 other elements using aqua regia digestion followed by inductively coupled plasma -- atomic emission spectroscopy followed by inductively coupled plasma -- mass spectrometry (ME-MS41). Rigorous procedures were in place regarding sample collection, chain of custody and data entry. Certified assay standards, coarse reject duplicates and blanks were routinely inserted into the sample stream to ensure integrity of the assay process. All of the results reported have passed the QA/QC screening.

Qualified person

Lorne Warner, PGeo, president of Benjamin Hill Mining, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure in this news release.

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