Benchmark Metals Inc (CVE:BNCH) (OTCQB:CYRTF) (FRA:87CA) posted more positive drill results from the Lawyers project in BC, this time from Cliff Creek South (CCS), which is part of the Cliff Creek deposit.
The area is showing potential for open-pit mining at surface, and for underground, high-grade material at depth.
Drill highlights reported include an intersection of 1.52 metres (m) at 16.35 grams per ton (g/t) gold and 19.35 g/t silver from 71.63m depth and an intercept of 107.80m of 2 g/t gold and 46.84 g/t silver from 331.20m depth. There was also 20.80m of 10.24 g/t gold and 19.74 g/t silver starting from 371.95m depth.
READ: Benchmark Metals says AGB zone could be high-grade starter pit after latest drill results
"The Cliff Creek South area continues to yield broad zones of bulk tonnage delivering the potential for open pit mining at surface," said John Williamson, CEO at Benchmark in a statement.
"In addition, CCS is providing similarities to the Cliff Creek North zone with high-grade intervals at depth, demonstrating potential for future underground mining opportunities.
"Additionally, we continue to expand beyond the limits of our 2019 modeled pit shell with the latest result from hole 20CCDD098 of 38.05m of 5.80 g/t gold equivalent and that recently reported from 20CCDD076, 140m below it. As we look towards our 2021 drill program, both of these results demonstrate the excellent potential to expand this zone at depth and to the southeast."
At Cliff Creek, the company has already defined a bulk-tonnage target in the range of 1.68 to 1.92 million ounces (Moz) of gold equivalent at an average grade ranging from 1.71-1.73 g/t gold equivalent.
Earlier this month, Benchmark released further assays from Cliff Creek, mainly from the Cliff Creek North area, which is a sub-zone of the more than 1.2 kilometre (km) Cliff Creek Zone.
Notably, one hole hit significant high-grade mineralization at over 500m vertical depth, namely an intercept of 15.35m of 5.41 g/t gold-equivalent, starting from a depth of 521m, the company had noted.
Contact the author at giles@proactiveinvestors.com