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Benchmark Metals Inc
Symbol BNCH
Shares Issued 156,782,563
Close 2021-04-09 C$ 1.54
Recent Sedar Documents

Benchmark Metals drills 4.8 m of 20.4 g/t AuEq at Cliff

2021-04-09 19:11 ET - News Release

Mr. John Williamson reports

BENCHMARK DRILLS 4.82 METRES OF 20.48 G/T GOLD EQUIVALENT AT CLIFF CREEK NORTH ZONE, EXPANDING MINERALIZATION AT DEPTH

Benchmark Metals Inc. has released new results from a series of drill holes at the northern portion of the Cliff Creek deposit that demonstrate the exceptional continuity of high-grade and bulk-tonnage mineralization from surface to over 500 metres (m) vertical depth. Benchmark's flagship Lawyers gold-silver project is road-accessible and located within the Golden Horseshoe area of north-central British Columbia, Canada.

John Williamson, chief executive officer, commented: "The Cliff Creek North area continues to provide long intervals of bulk-tonnage material and narrower high-grade results. The northern portion of Cliff Creek is yielding high-grade gold and silver at surface, offering a starter-pit opportunity that could deliver robust economic returns. The drilling is demonstrating strong gold and silver continuity from surface to over 500 metres vertical depth. The recent results have provided more evidence of both open-pit and underground high-grade potential. The project is exhibiting world-class mining potential with three zones to be included in a near-term mineral resource estimate and potential for more discoveries during the 2021 exploration program."

Continuity of mineralization

Drill holes 20CCDD079 and 20CCDD106 were designed to test the continuity of the mineralization down dip and along strike. Hole 20CCDD079 was drilled to the northwest and returned from surface 54.72 metres of 2.86 grams per tonne gold (Au) and 152.18 g/t silver (Ag) or 4.76 g/t gold equivalent (AuEq), including 4.00 m of 13.64 g/t Au and 649.13 g/t Ag or 21.76 g/t AuEq. This zone of high-grade mineralization demonstrates excellent continuity extending over 150 metres along strike and to depth from surface. Drill hole 20CCDD106 was drilled to the southwest, down dip, and returned 112.62 m of 1.02 g/t Au and 67.91 g/t Ag or 1.87 g/t AuEq, including 5.92 m of 7.64 g/t Au and 577.67 g/t Ag or 14.86 g/t AuEq. This hole again demonstrates the continuity of mineralization from near surface to depth with both bulk-tonnage and high-grade intervals.

Expansion potential

Drill holes 20CCDD101 and 20CCDD048 were drilled below the modelled pit outline and returned 58.25 m of 1.18 g/t Au and 30.58 g/t Ag or 1.56 g/t AuEq and 4.82 m of 11.58 g/t Au and 711.85 g/t Ag or 20.48 g/t AuEq, respectively. Both holes have extended mineralization to the southeast, where there is no historical drilling, demonstrating significant potential for discovering additional gold and silver ounces to the Cliff Creek deposit during the upcoming 2021 drill program. The entire Cliff Creek zone remains open in all directions and shows strong potential for more expansion at depth in high-grade material.

Quality assurance and control

Results from samples were analyzed at ALS Global Laboratories (geochemistry division) in Vancouver, Canada (an ISO/IEC 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 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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