John Williamson, CEO, commented, "The expanded metallurgical program dovetails with our aggressive 2020 exploration and drilling program. It will assist in defining drill locations, density and spacing to achieve a NI43-101 Mineral Resource Estimate. This work is an initial step in designing process flowsheets, potential recoveries, initial capital costs and operating costs for a future Preliminary Economic Assessment".
Metallurgical Program
Upon completion of the 2020 exploration and 50,000 metre drill program, further metallurgical studies will refine the data from the multiple deposits present at the Lawyers gold-silver project. This initial expanded metallurgical program will better enable composite selection from the 2020 drilling to more closely represent potential future bulk tonnage mining grades. These results will flow into a future Preliminary Economic Assessment.
The metallurgical test work will be conducted by Bureau Veritas Minerals (BV) - Metallurgical Division laboratories of Richmond, BC. BV has prior experience with the Lawyers Project, and is a globally recognized and certified testing facility with customers ranging from small independent operators to large multi-national mining firms and consultants.
Historical Gold-Silver Recoveries
Quality Assurance and Control
The technical content of this news release has been reviewed and approved by Michael Dufresne,
M.Sc., P.Geol., P.Geo., a qualified person as defined by National Instrument 43-101.
Grant of Options
Benchmark advises that it has granted incentive stock options to various directors, officers and consultants to purchase up to 6.4 million common shares exercisable on or before April 14, 2025 at a price of $0.30 per share. In addition, incentive stock options have been granted to consultants to purchase up to a further 200,000 common shares exercisable on or before April 14, 2021 at a price of $0.30 per share.
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 Tradegate Exchange 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
Email: [email protected]
Telephone: +1 604 260 6977
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54418
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