Benchmark Metals Inc. (TSX-V:BNCH, OTCQX:BNCHF) has updated investors on work being carried out at its flagship Lawyers gold-silver project located in the prolific Golden Horseshoe area of British Columbia, Canada.
In a statement, the company said that it has initiated a series of optimization studies on multiple project opportunities, including the incorporation of underground mining, that could significantly improve the results from the Preliminary Economic Assessment (PEA).
It has continued environmental baseline programs which it says are on track to complete the important two-year milestone in 2023.
READ: Benchmark Metals uses AI to reveal resource expansion potential at Lawyers project in British Columbia
Further, Benchmark said it has generated additional targets for resource expansion and exploration opportunities through a machine learning artificial intelligence model as well as a new geochemical lithology and alteration model for property and deposit scale; initiated planning for the 2023 drilling campaign, including opportunities from optimization studies; and progressed annual reporting to meet the Mines Act Permit obligations.
Benchmark CEO John Williamson said the company has significant potential to leverage already drilled mineralization below the open pits to add high-grade gold and silver material in an updated engineering & economic study.
He added that the ongoing underground mining and optimization studies have the potential to significantly improve the project’s economics.
“The project is delivering clean environmental results, including non-acid-generating mineralization and waste rock,” he said.
“Benchmark has great potential to position itself as a key player in a Tier 1 Canadian jurisdiction during the start of a precious metals bull market."
Benchmark Metals is a Canadian-based gold and silver company advancing its 100% owned Lawyers gold-silver project located in the prolific Golden Horseshoe of Northern British Columbia, Canada.
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