- Benchmark Metals (BNCH) has resumed drilling at its flagship Lawyers Gold-Silver Project
- The company anticipates drilling 20,000 metres during the winter drill program
- Drilling will focus on multiple areas of near-surface gold and silver mineralization
- Benchmark’s Lawyers Gold-Silver Project is located in north-central B.C.
- Eric Sprott has exercised 1,130,000 Benchmark share purchase warrants for aggregate consideration of $452,000
- Benchmark Metals is a Canadian based gold and silver company advancing its 100 per cent owned Lawyer’s Gold-Silver Project
- Benchmark Metals Inc. (BNCH) is up 1.92 per cent, trading at C$1.06 per share at 2:45 pm EST
Benchmark Metals (BNCH) has resumed drilling at its flagship Lawyers Gold-Silver Project.
The company anticipates drilling 20,000 metres during the winter drill program to expand and define the existing resource areas and to advance the new discovery – Marmot Zone.
Benchmark’s Lawyers Gold-Silver Project is located within a road accessible region of the prolific Golden Horseshoe area of north-central B.C.
John Williamson, CEO of Benchmark commented,
“Benchmark is leveraging its road accessible project by drilling during the winter months to deliver more results in early 2022 and to expedite the project towards a mining a decision. The Company anticipates near-term results to be distributed from 2021 drilling with a focus on resource expansion areas.”
Benchmark is planning to mobilize drill crews to the project in anticipation of a drill start during January 2021. Drilling will focus on multiple areas of near-surface gold and silver mineralization.
Benchmark remains on track to deliver major milestones in 2022 and has begun planning for a larger drill program following delivery of an updated Mineral Resource Estimate.
Plans for 2022 include:
- Updated MRE, expanding beyond its maiden 2.1 million ounces at 1.62 g/t AuEq* Indicated and 821,000 ounces at 1.57 g/t AuEq Inferred;
- PEA
- Technical and engineering work to support a Feasibility Study
- Continue environmental assessment baseline data collection
- Engineering, permitting, and drilling to advance the project towards mining
- Drill testing new targets for satellite deposit potential.
Benchmark is pleased to report that Mr. Eric Sprott exercised 1,130,000 common share purchase warrants of Benchmark at $0.40 per share for aggregate consideration of $452,000. Mr. Sprott now owns approximately 12.9 per cent of the outstanding shares on a non-diluted basis.
Benchmark Metals is a Canadian-based gold and silver company advancing its 100 per cent owned Lawyer’s Gold-Silver Project located in the prolific Golden Horseshoe of northern British Columbia. The project consists of three mineralized deposits that remain open for expansion, in addition to +20 new target areas along the 20-kilometre trend.
Benchmark Metals Inc. (BNCH) is up 1.92 per cent, trading at C$1.06 per share at 2:45 pm EST.
