Edmonton – February 27, 2019 – Benchmark Metals Inc. (the “Company” or “Benchmark“) (TSX-V: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) – is pleased to report 1751 hectares of new claims added to the Lawyers Gold & Silver Project, located in the prolific Stikine terrane of the Toodoggone Mineral District, which also hosts the Golden Triangle region of British Columbia, Canada. The new claims are contiguous to the southeast, increasing the Lawyers land package to nearly 120km2, and highly prospective for additional gold-silver mineralization.
CEO John Williamson commented, “The Lawyers Trend is emerging as an important regional scale prospect that follows a linear magnetic and radiometric anomaly with a northwest to southeast orientation connecting multiple gold-silver showings across the Lawyers land package. Several lines of evidence now support the potential that this anomaly may represent a regional scale structure providing a conduit for gold and silver bearing fluids.”
Benchmark retains 100% in the new claims that contain highly prospective host rocks and an important unconformity between the Stuhini Group and the lower Toodoggone volcanics. This stratigraphic horizon is an important marker, with many of the deposits in the Gold Triangle and the Toodoggone Mineral District concentrated along it, including Brucejack, KSM, Baker-Shasta and Dolly Varden. The horizon cuts through the new claims with more than half of the new ground covered by the Metasan member of the Toodoggone volcanics, which is host to all known mineralisation along Lawyers Trend.
The Toodoggone Mineral District contains several significant epithermal and porphyry mineral deposits. In geological terms, Toodoggone represents the eastern extent of the prolific Stikine terrane, which also hosts British Columbia’s Golden Triangle region. Toodoggone and the Golden Triangle are thought to be parts of a deeper and continuous mineralized system, which was overlain by the younger sedimentary rock of the Bowser and Sustut Basins that now separate them. Lawyers Trend is hosted by the same rocks as the Golden Triangle, within the same highly prospective setting of tectonics, volcanic sequence and mineral deposition.
The following location map provides new claim orientation and its potential to add new targets that may trend southeast of the Lawyers Trend.
The technical content of this news release has been reviewed and approved by Michael Dufresne, M.Sc., 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, President
Tel: (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.