“Benchmark (TSXV: BNCH) (OTCQX: BNCHF) Unveils Ambitious Drilling Expansion Program to Boost High-Grade Gold and Silver Reserves in Mining Stock News”
Benchmark Metals Inc. Announces 20,000 Metres of Mineral Resource Expansion Drilling
Edmonton, Alberta – Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) has announced plans for 20,000 metres of Mineral Resource expansion drilling at its Cliff Creek and Dukes Ridge deposits. The drill program has the potential for expansion of high-grade contiguous zones below the existing deposits that could provide the potential for underground mining in a future Economic Study.
The drilling plans include step-out and infill drilling below the open-pits, in areas that were not included in the 2022 Preliminary Economic Assessment (PEA). The potential for expansion at depth is noted with selected drill intersections, including 21.00 metres at 4.04 g/t gold and 84.12 g/t silver or 5.09 g/t AuEq* in drill hole 21CCDD049 and 13.74 metres at 6.43 g/t gold and 378.59 g/t silver or 11.05 g/t AuEq* in drill hole 21CCDD050.
The company is excited about the potential for expansion at depth and believes that the results of this drilling program could provide the basis for underground mining in the future. The company is committed to responsible mining practices and will continue to work closely with local communities and stakeholders to ensure that its operations are conducted in a safe and sustainable manner.
“We are very pleased to announce this drilling program, which has the potential to significantly expand our Mineral Resource base at Cliff Creek and Dukes Ridge,” said John Williamson, CEO of Benchmark Metals Inc. “We believe that the results of this program could provide the basis for underground mining in the future, and we are committed to conducting our operations in a safe and sustainable manner.”
The company expects to begin drilling in the coming weeks and will provide updates on the progress of the program as they become available.
*AuEq = gold equivalent calculated using a silver to gold ratio of 75:1.