Benchmark Metals Inc.

  • ISIN: CA08162A1049
  • Land: .

Nachricht vom 19.07.2019 | 09:07

Benchmark Commences Exploration and Drilling at the Lawyers Gold-Silver Property

DGAP-News: Benchmark Metals Inc. / Key word(s): Miscellaneous

19.07.2019 / 09:07
The issuer is solely responsible for the content of this announcement.


Edmonton, Alberta--(Newsfile Corp. - July 19, 2019) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) (the "Company" or "Benchmark") - Benchmark is pleased to announce commencement of the 2019 exploration program to explore the 127km2 Lawyers Gold-Silver project. The 2019 program is designed to expand the known mineralization and delineate new targets for drilling during 2019. The Lawyers Project is situated in the Stikine Terrane of northern British Columbia, Canada, and falls within the prolific, mineral endowed 'Golden Horseshoe'.

John Williamson, CEO, commented, "The 2019 exploration program will initially focus on high-priority, high-grade drill targets with a concentration on resource expansion. This will be followed-up with drill targets to expand on the bulk tonnage 1-5 gram AuEq grade mineralization over wide 30-80m intervals that has potential to add significant ounces."

The 2019 exploration program commenced in early to mid-July and has comprised of soil sampling, rock sampling, geophysical surveying and geological mapping. During this period, the company has collected 70 rock samples and 802 soil samples over newly acquired claims. These samples have been prepped and transported for assay. In addition, the company has completed two diamond drill holes from the Lawyers Trend, at or near the Cliff's Creek zone northern portion. The holes have been logged, sampled and shipped to the laboratory for assay. Benchmark is targeting mineralized zones at Cliff's Creek, Dukes Ridge, Phoenix and AGB with previously reported historic results that include 108.36 g/t gold and 911.2 g/t silver over 7 metres core length (DDH81AS43) and 6.96 g/t gold and 254.70 g/t silver over 57.9 metres core length (DDH82AS16) from the AGB zone.

A detailed ground magnetic/VLF-EM (very low frequency electromagnetic) geophysics program over the Lawyers Trend - including Cliffs Creek, Dukes Ridge, Phoenix and the subparallel AGB zone is nearing completion. Once completed the high definition ground magnetics and VLF-EM data will provide a basis for geological mapping, interpretation and drill targeting. Initial results have provided anomalous geophysical signatures that will require drill testing.

The Company has commenced the 2019 exploration program under the existing limited exploration permit obtained in 2018. A more comprehensive exploration permit has been submitted to expand the scope of exploration outside of the existing Layers trend zones and is expected shortly.

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

About Benchmark Metals Inc.

Benchmark is a Canadian mineral exploration company with its common shares listed for trading on the TSX Venture Exchange in Canada, the OTCQB Venture Market in the United States, and the Tradegate Exchange in Europe. Benchmark is managed by proven resource sector professionals, who have a track record of advancing exploration projects from grassroots scenarios through to production.


ON BEHALF OF THE BOARD OF DIRECTORS

s/ "John Williamson"
John Williamson
, Chief Executive Officer

For further information, please contact:
Jim Greig
Email: jimg@BNCHmetals.com
Telephone: +1 604 260 6977

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This news release may contain certain "forward looking statements". Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Any forward-looking statement speaks only as of the date of this news release and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46361

Click on, or paste the following link into your web browser,to view the associated documents http://www.newsfilecorp.com/release/46361


19.07.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

Interview im Fokus

HanseYachts: „Der ideale Zeitpunkt für den Kauf“

Die Übernahme des Katamaran-Herstellers Privilège bringt die HanseYachts AG dem Umsatzziel von 200 Mio. Euro einen bedeutenden Schritt näher. „Der Katamaran-Markt ist das derzeit am stärksten wachsende Segment im Yacht-Geschäft. Privilège ist weltweit in Preis und Qualität die Nummer eins“, so CEO Dr. Jens Gerhardt. Zudem sei der Deal ein wichtiger Faktor, um die EBITDA-Marge auf 10 bis 12 % zu steigern. Im Financial.de-Interview spricht der Konzernlenker über die aktuellsten Trends im Yacht-Geschäft, die laufende Barkapitalerhöhung sowie die Weltpremieren in Cannes.

GBC-Fokusbox

Fonds Research 2019: S.E.A. Asian High Yield Bond bietet attraktive Investitionschance

Auch 2019 hat die GBC AG unter der Vielzahl an Publikumsfonds neun „Fonds Champions“ herausgefiltert. Darunter auch den S.E.A. Asian High Yield Bond (ISIN: LU1138637738), der eine gute Anlagechance anbietet mit einer Strategie, die kaum reproduzierbar ist. Insbesondere vor dem Hintergrund des anhaltenden Niedrigzinsniveaus sehen wir den Anleihefonds als äußerst attraktive Investitionschance, um nachhaltige und volatilitätsarme Renditen zu erzielen. Wir haben den S.E.A. Asian High Yield Bond mit 4 von 5 Falken eingestuft.

Aktueller Webcast

SeaChange Corporation

Second Quarter 2020 Earnings Conference Call

29. August 2019

Aktuelle Research-Studie

ad pepper media International N.V.

Original-Research: ad pepper media International N.V. (von First Berlin Equity Research GmbH): Buy

23. August 2019