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Benchmark Metals Inc
Symbol BNCH
Shares Issued 156,782,563
Close 2021-03-30 C$ 1.25
Recent Sedar Documents

Benchmark drills 66 m of 2.98 g/t AuEq at Lawyers

2021-03-31 06:09 ET - News Release

Mr. John Williamson reports

BENCHMARK DRILLS 66.00 METRES OF 2.98 G/T AUEQ EXPANDING NEAR SURFACE MINERALIZATION AT THE AGB ZONE

Benchmark Metals Inc. has released new results from a series of drill holes at the AGB zone, including 66.00 metres of 2.34 grams per tonne gold and 51.48 g/t silver or 2.98 g/t gold equivalent (AuEq) and 5.00 m of 15.31 g/t gold and 180.80 g/t silver or 17.57 g/t AuEq in drill hole 20AGBDD039. This drill hole was the most southerly drilled during the 2020 campaign and returned high-grade gold and silver intervals beginning near to surface. A broad zone of strong mineralization is emerging at the southern extent of the greater-than-650-metre-long AGB zone that remains open at depth and along strike. Planning for the 2021 drill program is under way to target the southern extents due to its potential to add additional near-surface, open-pittable gold and silver ounces to the AGB deposit. 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, chief executive officer, commented: "These drill results demonstrate strong continuity and higher-grade gold and silver material near surface. The results are providing a path to expand the AGB zone to the south and to depth. This zone is showing potential to become a higher-grade, initial open-pit mine that would return substantial economics in the opening years of a mining scenario."

As illustrated in an image on the company's website the southern extent of the AGB zone has seen very limited historical drilling with most of the drill holes in this region being completed as part of a late 2020 stepout and expansion drill campaign. With very encouraging visual alteration and mineralization observed in the first few holes the program was expanded to over 10 holes, all of which intersected significant mineralization. New results (see press release dated March 17, 2021) has extended the zone of bulk-tonnage and high-grade mineralization. The southern area of AGB continues to demonstrate the continuity of the mineralized system from surface to depth. The 2020 drill results in this particular area are the deepest drilled to date, all have a plus-60-gram-AuEq-times-metre (g/t AuEq m) product, and extend over a strike extent of 150 metres.

                     DRILL RESULTS SUMMARY FROM THE AGB ZONE 

Drill hole              From         To     Interval       Au        Ag       AuEq
                         (m)        (m)          (m)    (ppm)     (ppm)      (ppm)

20AGBDD015             83.00     126.00        43.00     0.24     24.95       0.55
or                     83.00     109.00        26.00     0.34     27.68       0.69
                      191.00     203.00        12.00     0.15     38.62       0.63
20AGBDD018             11.00      23.00        12.00     1.26     30.83       1.64
                       78.00      99.00        21.00     0.45     34.32       0.88
incl.                  81.00      89.00         8.00     1.07     46.15       1.65
                      206.00     214.00         8.00     0.17     29.36       0.54
20AGBDD025             32.00      38.20         6.20     0.14     27.67       0.49
                       65.85      70.00         4.15     0.54     52.07       1.19
                       79.10      94.18        15.08     0.46     59.29       1.20
20AGBDD026             11.52      91.86        80.34     0.45     34.02       0.87
incl.                  46.00      60.94        14.94     1.09     50.18       1.72
                      187.03     189.14         2.11     0.56     49.41       1.18
20AGBDD033             66.95      88.00        21.05     0.20     37.29       0.67
20AGBDD039             17.00      83.00        66.00     2.34     51.48       2.98
incl.                  37.00      42.00         5.00    15.31    180.80      17.57
incl.                  37.00      39.00         2.00    22.90    144.50      24.71
and                    68.00      69.00         1.00    12.15     51.90      12.80
and                    71.00      72.00         1.00    17.05     32.90      17.46
20AGBDD040            215.00     222.00         7.00     0.72     82.73       1.76
incl.                 220.80     222.00         1.20     3.65    362.00       8.17
20AGBDD041             44.47      53.33         8.86     0.19     41.07       0.70
                       91.80     105.00        13.20     0.18     27.22       0.52
20AGBDD043***         113.35     190.40        77.05     1.07     43.10       1.61
incl.                 160.40     180.71        20.31     3.64     97.29       4.86
incl.                 175.40     178.00         2.60    21.90    228.00      24.75
                      208.74     212.00         3.26     0.94     31.66       1.34
20AGBDD048****        156.00     195.00        39.00     0.34     11.52       0.49
incl.                 176.00     184.00         8.00     0.72      9.95       0.85
20AGBDD049            100.00     166.00        66.00     0.63     21.51       0.89
incl.                 121.00     139.00        18.00     0.82     30.08       1.20
and                   161.00     162.66         1.66    10.43     39.22      10.92
incl.                 162.00     162.66         0.66    19.60     54.70      20.28
20AGBDD053*****       122.18     126.87         4.69     0.29     13.08       0.45
                      155.66     198.00        42.34     1.87     99.69       3.11
incl.                 162.76     163.45         0.69     8.50    323.00      12.54
and                   191.00     195.77         4.77    11.97    547.10      18.80
incl.                 191.00     194.00         3.00    16.17    717.67      25.14
incl.                 192.00     193.00         1.00    21.30  1,680.00      42.30
20AGBDD055             29.00      47.00        18.00     0.24     26.14       0.57
                       94.00     130.50        36.50     0.09     20.68       0.35
                      254.00     257.34         3.34     1.08    217.02       3.79
incl.                 255.07     255.65         0.58     6.08  1,120.00      20.08
20AGBDD056             45.38      47.58         2.20     0.36     48.41       0.97
                       80.00     112.00        32.00     0.51     50.42       1.14
20AGBDD057******      104.00     150.00        46.00     0.57     37.37       1.04
incl.                 106.00     107.20         1.20    10.60    335.00      14.79

* Gold equivalent (AuEq) was calculated using 80:1 silver to gold ratio.
** Intervals are core length. True width is estimated between 80 and 90 per
cent of core length.
*** Mineralized backfill with poor recovery from 155.66 to 178.00 m.
**** Includes 4.5 m void with sampled backfilled material.
***** Calculation includes a void from 188 to 191 m.
****** Sampled backfill and poor recovery 107.20 to 122.00 m.

Quality assurance and quality control

Results from samples were analyzed at ALS (geochemistry division) in Vancouver, Canada (an ISO/IEC (International Organization for Standardization/International Electrotechnical Commission) 17025:2017-accredited facility). The sampling program was undertaken by company personnel under the direction of Rob L'Heureux, PGeol. A secure chain of custody is maintained in transporting and storing of all samples. Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (plus 10 g/t Au). Analysis by four-acid digestion with 48-element ICP-MS (inductively coupled plasma mass spectrometry) analysis was conducted on all samples with silver and base metal overlimits being reanalyzed by atomic absorption or emission spectrometry. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

The technical content of this news release has been reviewed and approved by Michael Dufresne, MSc, PGeol, PGeo, a qualified person as defined by National Instrument 43-101.

About Benchmark Metals Inc.

Benchmark Metals is a Canadian mineral exploration company focused on proving and developing the substantial resource potential of the Lawyers gold-silver project, located in the prolific Golden Horseshoe of Northern British Columbia, Canada. The company trades on the TSX Venture Exchange in Canada, the OTCQX Best Market in the United States and the Tradegate Exchange in Europe. Benchmark is managed by proven resource-sector professionals, who have a record of advancing exploration projects from grassroots scenarios through to production.

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