The good-news parade out of the gold patch continued on Thursday, when Edmonton-based Benchmark Metals Inc. (TSX-Venture: BNCH) shouted out some very positive results.
BNCH announced results from one drill-hole that intersected, from surface, broad mineralization that yielded 57.91 metres (m) of 1.90 grams per tonne (g/t) gold and 91.96 g/t silver or 3.05 g/t gold equivalent (AuEq). Benchmark's flagship gold-silver project is located in a road accessible area of the Golden Horseshoe in north-central British Columbia.
Thursday’s news release revealed that, within this mineralized envelope, higher-grade intervals included 33.53 metres of 3.17 g/t gold and 152.28 g/t silver or 5.07 g/t AuEq. This result is the first assays received from over 20,000 completed metres from 117 holes as part of its planned 50,000-metre drill program.
The Company anticipates disclosure of additional results from August through to November 2020 in support of a new Mineral Resource Estimate.
Said CEO John Williamson, CEO, "This significant result of both high-grade and bulk-tonnage mineralization is very encouraging as it will provide additional tonnage, better strip ratio and improved gold and silver grades for the Cliff Creek resource potential.
BNCH shares galloped 12 cents, or 10.9%, to $1.22, on towering volume of 1.1 million shares.
