The more aggressive junior miners in Canada are starting to find their hard work paying off.
The latest example Thursday was Edmonton-based Benchmark Metals Inc. (TSX-Venture: BNCH), enthusing about the discovery of new mineralized structures, broad zones of alteration, veining, and sulphide mineralization at the Marmot Zone in north-central British Columbia.
BNCH says drill-hole planning is complete and drilling will commence shortly. The mineralized structures show a strong resemblance to the Companies largest mineralized area, the Cliff Creek Zone that lies three kilometres (km) to the northwest. The Marmot area has yielded high-grade rock grab samples up to 61.3 g/t gold and 3,890 g/t silver.
According to CEO John Williamson, CEO, "The new gold-silver discovery provides additional geological support that the entire +20-kilometre long, Lawyers gold-silver trend remains under-explored and hosts potential for multiple, large gold-silver bearing zones across the entire 140km2 land package."
BNCH shares climbed late Thursday morning by 13 cents, or 11.1%, to $1.30, on volume of 364,000.
