GlobeNewswire

Benchmark’s Gold and Silver Project Exhibits Porphyry Style Geological Potential in the Golden Triangle

Del

EDMONTON, Alberta, Oct. 05, 2018 (GLOBE NEWSWIRE) -- Benchmark Metals Inc. (the “Company” or “Benchmark”) (TSX-V: BNCH) (OTCQB: CYRTD) (GER: A2JM2X) (FKT: A7CA) – is pleased to report evidence for multiple stages of precious metal mineralization at the Lawyers Gold & Silver Project, located in the Golden Triangle region of British Columbia, Canada.

CEO John Williamson commented, “The Lawyers Project presents a tremendous opportunity for the development of near-surface or buried bulk tonnage deposit. After a comprehensive exploration program, we are excited to have discovered evidence suggesting the occurrence of multistage events of precious metal mineralization that may explain the high-grade results from recent rock grab samples. The geological team is seeing mineralization that resembles a porphyry system.”.

Lawyers Geological Potential
The porphyritic andesite with potassic (k-feldespar + shreddy biotite) overprinted by phyllic alteration (quartz + sericite + pyrite) resembles porphyry-type disseminated bulk tonnage mineralization. This type of mineralization typically yields lower gold-silver grades (e.g. 0.525 grams per tonne Au, 15.4 g/t Ag over 2m; Figure 1.a) and is widely spread within the property.

The alteration mineral association of alunite and dickite observed over 0.5km to 2km trends to the west of the main mineral deposits (AGB, Cliff Creek, and Dukes Ridge), indicating high sulfur fugacity characteristic of high-sulfidation precious metal deposits, although no lithocaps, vuggy silica, or high-sulfidation-state hypogenic sulfides such as covellite, digenite, or enargite have been identified. This may suggest the presence of a magmatic-hydrothermal system that includes high-sulfidation precious-base metal deposits possibly linked to deeper porphyry-type mineralization that may have been eroded and structurally dislocated.

Furthermore, high Au-Ag grades (220g/t Au, >10,000g/t Ag) have been observed related to electrum and silver sulphosalts associated with calcite, adularia, and quartz with crustiform and cockade textures. This mineral association and textures are more characteristic of epithermal low-sulfidation precious metal deposits and has been observed overprinting the formerly described “porphyry-type” mineralization in the Phoenix area, see Figure #1 below.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/f2bade22-d9da-4ab3-88c4-ba2b5a0825d5

This evidence increases substantially the economic potential of the Toodoggone district.

Benchmark has commenced academic studies, including XRD analyses to verify alteration minerals identified in the field with TerraSpec analyzers, ore petrography supported with microprobe analyses to properly characterize the mineral paragenesis, fluid inclusion microthermometry to identify temperature and salinities of ore-forming fluids, as well as geochemistry and geochronology of both alteration minerals and associated magmatic rocks.

The overall objective of these academic studies is to gain a better understanding of the ore-forming processes at both district and regional scales that would enable us to conduct exploration more efficiently.

The Lawyers Project sits within the Toodoggone district, which also contains the Shasta, Baker, Bonanza, and the world-class Kemess and Kemess North copper gold deposits, and numerous other gold-silver-copper prospects are in various stages of exploration and development. Clark and Williams (1990) described a range of deposits from gold-rich porphyry-style deposits, to deep-seated precious and base metal bearing stockworks and veins, to near-surface replacement-type gold mineralization. The most economically significant deposits exhibit characteristics typical of epithermal alteration and mineralization of both adularia-sericite and acid sulphate affinities (Clark and Williams, 1990).

Age dating of the adularia-sericite alteration around the mineralisation at the Lawyers (AGB and Cliff Creek) and Shasta deposits suggest that they formed between 187-190 Ma (Clark and Williams-Jones, 1990). The timing of mineralisation, as well as rocks which host the Lawyers mineralisation (Toodoggone Volcanics), overlaps with the age and emplacement of several well known porphyry and epithermal deposits in northwest British Columbia (including Kerr-Sulphurets-Mitchell, Snowfield, and Brucejack (Febbo, 2016; Tombe et al. 2018)). This timing marks a shift in the volcanic arc-development resulting in a metallogenic epoch hosting many significant deposits in the Stikinia Terrane.

The work to be conducted by Benchmark will help to elucidate the relationship between such a range of mineralization styles within the district.

2018 Exploration Program
During the current field season, Benchmark collected 1,041 soils samples covering 29 line kilometers and over 7.2 km2. Several areas of anomalous gold have been identified on the soil grids, as well as localized geochemical anomalies in As, K and Zn. Mapping and prospecting was conducted and a total of 312 rock samples were collected across the property. An airborne geophysical survey was also conducted over the property at 100 meter line spacing. Benchmark completed a total of 4,116 meters of drilling, including 1,493 meters of diamond core drilling and 2,623 meters of reverse circulation drilling at the Dukes Ridge, Cliff Creek and Phoenix Zones. Several intersections of veining, brecciation and fine-grained sulfosalts were observed in the drilling, occurring in areas with little existing drill hole data.

Lawyers Gold and Silver Project
The Lawyers Property and formerly producing Cheni Gold and Silver Mine is located 45 km northwest of the Kemess Gold and Copper Mine. The Property contains an existing Mineral Resource hosts a minimum of 16 existing gold and silver occurrences that were never fully mined, developed or explored. Work during the 2018 exploration program has focused on mineralized zones with exposure at surface.  Each zone remains open at strike, width and depth, extending across hundreds of meters.  The 99km2 prospective land package presents a unique opportunity for Benchmark to carry out exploration on a ‘camp’ scale. There remains excellent potential for the discovery of additional low and high-sulphidation epithermal precious metal deposits like those that have been discovered and explored to date in the Golden Triangle region.  In addition, there exists the possibility for the discovery of near-surface or buried ‘bulk tonnage’ deposits which may offer the advantage of economies of scale should future mine development occur.

Quality Assurance and Control
Results from samples were analyzed at ALS Global Laboratories (Geochemistry Division) in Vancouver, Canada (an ISO 9001:2008 accredited facility). The sampling program was undertaken
by Company personnel under the direction of Rob L’Heureux, P.Geol. A secure chain of custody is maintained in transporting and storing of all samples. Gold was assayed using a fire assay with atomic emission spectrometry and gravimetric finish when required (+10g/t Au). Analysis by four acid digestion with 48 element ICP-MS analysis was conducted on all samples, with silver and base metal overlimits re-analyzed by atomic absorption or emission spectrometry. Rock chip samples from outcrop/bedrock are selective by nature and may not be representative of the mineralization hosted on the project.

The technical content of this news release has been reviewed and approved by Michael Dufresne, M.S.c, 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 German Stock Exchanges 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
jimg@BNCHmetals.com
Tel: (780) 437-6624

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. 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.

Om GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Følg saker fra GlobeNewswire

Registrer deg med din epostadresse under for å få de nyeste sakene fra GlobeNewswire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra GlobeNewswire

Painter 2020 Empowers Digital Artists to Achieve Their Perfect Vision25.6.2019 15:00:00 CESTPressemelding

New streamlined workflow, GPU-based brushing, and convenient color selection come together in the fastest Painter yet OTTAWA, June 25, 2019 (GLOBE NEWSWIRE) -- Painter 2020, the latest version of the industry’s most powerful and creative digital painting software, sets the standard for professional digital art on macOS and Windows. Allowing artists to realize their creative vision faster than ever, the new Painter® 2020 dramatically accelerates performance across virtually any system, while delivering a streamlined workflow, all-new brushes, enhanced color selection, and more. “Painter continues to redefine today’s professional digital art workflow,” said Chris Pierce, Senior Product Manager for Digital Arts at Corel. “Whether you’re running the latest hardware or your tried-and-true machine, this new version is an absolute game-changer. From experimenting with color to working with layers, the tools you rely on every day are now more accessible and intuitive.” “By leveraging GPU techn

Appian Announces Winners of its Annual Hackathon at Appian World25.6.2019 15:00:00 CESTPressemelding

RESTON, Va., June 25, 2019 (GLOBE NEWSWIRE) -- Appian (NASDAQ: APPN) congratulates the winners of the Appian World 2019 Hackathon. Participants were tasked with leveraging the Appian platform to showcase the effectiveness and speed of low-code development. Hundreds of registrations were narrowed down to three winners by a seasoned panel of judges including Black Girls Code Founder and CEO, Kimberly Bryant and Neil Ward-Dutton, IDC’s VP of AI and DX European Research Practices and Appian executives. Finalists attended Appian World 2019 in San Diego, CA where they showcased their solutions to the all-star panel of judges. The judges based their decisions on the originality of the idea underlying the application, how well that idea was executed by the developer, and the beneficial impact of the solution. The submissions, covering a variety of industries and use cases, all exemplified the power and simplicity of building enterprise applications on the Appian platform. The 2019 winners are:

XBiotech Announces Dr. Alice Gottlieb to Chair Upcoming Phase 2 Study of Bermekimab in Hidradenitis Suppurativa25.6.2019 14:45:00 CESTPressemelding

AUSTIN, Texas, June 25, 2019 (GLOBE NEWSWIRE) -- XBiotech (NASDAQ: XBIT) announces that Alice Gottlieb M.D., Ph.D., will Chair the Company’s upcoming Phase II study in Hidradenitis Suppurativa (HS). Dr. Gottlieb is Medical Director of dermatology at the Mount Sinai Beth Israel Campus, and Clinical Professor at the Icahn School of Medicine at Mount Sinai. She is one of few doctors in the nation board certified in Dermatology, Rheumatology and Internal Medicine. This will be the second study Chaired by Dr. Gottlieb involving bermekimab in HS and the third study conducted for the drug in HS. Dr. Gottlieb received an M.D.-Ph.D. from The Rockefeller University-Cornell University Medical College. Dr. Gottlieb founded the Tufts Dermatology residency program (which formally was shared with Boston University) and served as Chair of Dermatology and Dermatologist-in-Chief of Tufts Medical Center. She also founded the Dermatology Division at UMDNJ-Robert Wood Johnson Medical School where she serve

Mitsubishi Heavy Industries to Acquire Canadair Regional Jet Program from Bombardier Inc.25.6.2019 14:00:00 CESTPressemelding

MHI now positioned to transform and lead the underserved regional jet business , with bolster ed customer support services Key step in MHI’s strategy of expanding its aircraft business globally, with a mid-term focus on North America Completes Bombardier’s aerospace transformation and refocus on business aviation TOKYO and MONTRÉAL, June 25, 2019 (GLOBE NEWSWIRE) -- Mitsubishi Heavy Industries, Ltd (MHI) (TOKYO:7011) and Bombardier Inc (TSX: BBD.B) announced today they have entered into a definitive agreement, whereby MHI will acquire Bombardier’s regional jet program for a cash consideration of $550 million USD, payable to Bombardier upon closing, and the assumption by MHI of liabilities amounting to approximately $200 million USD. Under the agreement, Bombardier’s net beneficial interest in the Regional Aircraft Securitization Program (RASPRO), which is valued at approximately $180 million USD, will be transferred to MHI. Pursuant to the agreement, MHI will acquire the maintenance, s

VSBLTY SELECTED BY ENERGETIKA TECHNOLOGIES TO PROVIDE CROWD ANALYTICS TO ENHANCE SAFETY LIGHTING & SECURITY THROUGHOUT LATIN AMERICA25.6.2019 13:44:00 CESTPressemelding

Philadelphia, PA, June 25, 2019 (GLOBE NEWSWIRE) -- VSBLTY Groupe Technologies Corp. (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF), a leading retail software and technology company, is teaming with Energetika, an international provider of “intelligent lighting” solutions, to install safety lighting and integrated security to Mexico City, and other Latin American cities designated as a “Smart City.” Accessibility, habitability, sustainability, air quality, noise levels, energy, health and economic vitality are among the elements necessary to be selected as a “Smart City.” Energetika is a leading provider of smart lighting solutions for economically efficient applications that incorporate security. Energetika chose VSBLTY to provide security technology that includes crowd analytics and facial recognition for residential, commercial and governmental applications. VSBLTY technology provides enhanced customer engagement and audience measurement using machine learning and computer vision. Its in

ALLDATA Signs European Licensing Agreement with Honda25.6.2019 06:00:00 CESTPressemelding

ALLDATA continues to meet demand for OEM repair information on the most advanced vehicle technologies in the European market ELK GROVE, Calif., June 24, 2019 (GLOBE NEWSWIRE) -- ALLDATA Europe GmbH, an affiliate of ALLDATA LLC, an AutoZone company, has signed an agreement with Honda Motor Europe Ltd., to republish Honda repair and maintenance information for cars. The addition of Honda brings the total number of brands in ALLDATA Repair to 23. With more than 1,000 models, ALLDATA delivers the most comprehensive source of manufacturer repair procedures, instructions, and diagrams to the independent aftermarket. ALLDATA Repair is uniquely positioned to provide technicians with repair information required to complete even the most difficult repair jobs facing workshops today. Garages rely on ALLDATA Repair to provide OEM information to diagnose, maintain and repair the most innovative technologies to manufacturer standards. “With the addition of Honda, ALLDATA Repair can now serve more ve