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Benchmark Metals Inc
Symbol BNCH
Shares Issued 156,782,563
Close 2021-06-30 C$ 1.12
Recent Sedar Documents

Benchmark Metals files NI 13-101 report for Lawyers

2021-06-30 15:03 ET - News Release

Mr. John Williamson reports

BENCHMARK FILES INDEPENDENT TECHNICAL REPORT FOR ITS MULTI-MILLION OUNCE GOLD-SILVER DEPOSITS

In accordance with National Instrument 43-101, Benchmark Metals Inc. has filed an independent technical report, entitled "Technical Report and Updated Mineral Resource Estimate of the Lawyers Gold-Silver Property, Omineca Mining Division, British Columbia, Canada," with an effective date of June 28, 2021.

On May 14, 2021, the company announced the updated mineral resource estimate that provided 2.1 million ounces (Moz) grading 1.62 grams per tonne (g/t) gold equivalent (AuEq) of indicated mineral resources and 821,000 ounces grading 1.58 g/t AuEq of inferred mineral resources. The mineral resource remains open for expansion and is amenable to both open-pit and underground mining methods. The technical report is available for review on SEDAR and on the company's website. Benchmark's 2021, 100,000-metre drill program will focus on expanding and defining the deposit areas and include drilling on new high-priority targets that have potential for near-surface gold-silver mineralization.

The 2021 drill program will consist of approximately 100,000 metres of drilling, of which 50,000 metres will be for mineral resource definition drilling to both expand current mineral resources and to upgrade the current inferred mineral resources to measured and indicated classifications for inclusion in an anticipated feasibility study in 2022. In addition to expanding the mineral resource zones at depth and along strike, a regional exploration program will consist of approximately 50,000 metres to drill test and expand existing and new discovery targets. The regional program has potential to add gold-silver ounces in an updated mineral resource estimate for 2021.

Quality assurance and control

Results from samples were analyzed at ALS (geochemistry division) in Vancouver, Canada (an ISO/IEC 17025:2017 accredited facility). The sampling program was undertaken by company staff 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 (over 10 g/t gold (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.

Michael Dufresne, MSc, PGeol, PGeo, and Eugene Puritch, PEng, of P&E Mining Consultants Inc., are the qualified persons, as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects), who have reviewed and approved of the scientific and technical disclosure in this news release. Mr. Puritch is independent of the company.

About Benchmark Metals Inc.

Benchmark Metals is a Canadian-based gold and silver company advancing its 100-per-cent-owned Lawyers gold-silver project, located in the prolific Golden Horseshoe of Northern British Columbia, Canada. The project consists of three mineralized deposits that remain open for expansion, in addition to over 20 new target areas along the 20-kilometre trend. Benchmark is managed by proven resource sector professionals that have a record of advancing exploration projects from grassroots scenarios through to production.

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