Benchmark Metals Inc. (TSX-V:BNCH, OTCQX:BNCHF) said it has delineated several new drill targets adjacent to the AGB gold-silver deposit in British Columbia.
According to Benchmark, the new targets include a large kilometre-scale, fault-bounded geophysical target adjacent to the existing deposit.
AGB contains a 619,000-ounce, 1.65 grams per tonne gold-equivalent measured and indicated resource.
READ: Benchmark Metals finalising drill targets at Kodah and Round Mountain occurences at flagship Lawyers project
Benchmark CEO John Williamson told investors that the new targets demonstrate similar geochemical and geophysical characteristics to the known zones of mineralization in close proximity to AGB.
"We continue to develop large new targets in close proximity to the existing deposits that have never been drill-tested,” Williamson said in a statement. “The new targets exhibit significant new discovery potential and are high priority drill areas.”
The targets are home to an untested resistivity geophysical anomaly which is interpreted as possible silicification related to mineralization associated with a large, steeply-dipping fault system.
Additionally, the area contains three soil anomalies situated approximately three kilometres to the north along-strike and within the same structural corridor as AGB, and coincident VLF geophysical anomalies, similar to those seen at AGB.
Benchmark told shareholder that the blind targets have not seen historical or contemporary drilling and have “strong discovery potential” to add additional gold-silver ounces given their proximity to existing deposit areas at Lawyers, according to a statement.
The company's flagship Lawyers gold-silver project is located within a road-accessible region of the prolific Golden Horseshoe area of north-central British Columbia, Canada.
Contact Angela at angela@proactiveinvestors.com
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