Benchmark Metals Inc.
Benchmark Metals Inc.
- ISIN: CA08162A1049
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Nachricht vom 13.01.2020 | 15:30
Benchmark Compares Mapping of Discreet High-Grade Zones and Bulk Tonnage Potential at the Lawyers Project with Argentina's Cerro Negro Gold-Silver Mine
DGAP-News: Benchmark Metals Inc.
/ Key word(s): Miscellaneous
Edmonton, Alberta--(Newsfile Corp. - January 13, 2020) - Benchmark Metals Inc. (TSXV: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) (the "Company" or "Benchmark") - is pleased to present preliminary results from detailed geological mapping that was undertaken to provide a modern geological framework for the Lawyers property. This allows for targeted exploration and provides context for the mineralized zones on the Lawyers property within the Toodoggone mineral district in terms of the structure, stratigraphy, alteration, and mineralization. The Lawyers Project is situated in the Stikine Terrane of northern British Columbia, Canada, and falls within the prolific, mineral endowed 'Golden Horseshoe'.
John Williamson, CEO of Benchmark, commented, "Our geological team continues to further our understanding of the Lawyers project with bedrock mapping and other studies. This key component was only part of the larger 2019 program that included soil, rock, trench, and channel sampling, a geophysical magnetic survey, acquisition of a detailed DEM (Digital Elevation Model), drone imagery, and a +10,500 metre drill program. All things considered, we are seeing the potential for Lawyers project and the Toodoggone district to emerge as a gold-silver metallogenic belt having discreet high-grade zones with lower grade halos that are analogous to mines of the Deseado Massif in southern Argentina."
A British Columbia Geological Survey (BCGS) regional mapping program in the early 1990's spanned much of the Toodoggone District including the Lawyers property, but the project area has seen little subsequent geological mapping. Benchmark designed a mapping program with the goals of 1) improving our understanding of the geology beyond the regional scale government data, 2) identifying the controls on mineralization at both property and deposit scales, 3) providing a strong foundation for ongoing interpretation of structural, geochemical, and lithological data, and 4) tying the property scale geology into the regional Toodoggone geological framework, all of which are critically important for understanding the known mineralization and vectoring towards new exploration targets.
Figure #1 - Geological map of the Lawyers property and accompanying cross sections showing the relationship between structure, stratigraphy and epithermal mineralization across part of the central Lawyers Trend.
To view an enhanced version of Figure 1, please visit:
The Toodoggone Formation can be divided into upper and lower volcanic cycles as illustrated on the simplified stratigraphic column in Figure 2. The Lawyers property is predominantly underlain by lower cycle rocks comprised of thick sequences (>300 m) of dacitic and andesitic tuffs and flows. These volcanic strata erupted concurrently with the development of deeply rooted faults that focused both magmatism and mineralization (Figure 1). Magmatism is expressed as the Black Lake intrusive suite that outcrops in the southern region of the property (Diakow et al., 1993). Locally Asitka and Takla Group rocks are exposed along the margins of the Black Lake intrusive and are in part fault bounded. Similar relationships are often observed in the southern Toodoggone and spatially associated with porphyry style mineralization, including at Kemess.
Localized conglomerates and volcaniclastics within the lower cycle are confined within blocks dropped by steeply dipping syn-volcanic faults and can potentially be used as a vector towards epithermal mineralization. The entire Toodoggone Volcanic sequence is unconformably overlain by the younger Sustut sediments.
The orientation and characteristics of the mineralized zones within the Lawyers Trend are consistent with the development of robust hydrothermal systems within a pre-existing NW-NNW trending fault and fracture system. This system is likely reflecting the original volcanic basin geometry, and these structures acted as a conduit for fluids to migrate and precipitate metals. The NW structures and associated mineralization are locally offset by E-W and SW-NE trending strike-slip faults, typically with less than 10 metres of displacement. The structural relationships observed in outcrop and drill core are also observed in the magnetic data, providing numerous new exploration targets.
Figure #2 - Simplified stratigraphic section for the Lawyers project and the broader Toodoggone region. The different types of intrusive rocks, mineralization, and the time period for which they span is illustrated on the right side of the diagram.
To view an enhanced version of Figure 2, please visit:
With proximity to mineralized zones, a range of different alteration assemblages are recognized, from distal to proximal:
Analogous Deposits in Argentina
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.
About Benchmark Metals Inc.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ "John Williamson"
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News Source: Newsfile
|Company:||Benchmark Metals Inc.|
|EQS News ID:||952457|
|End of News||DGAP News Service|
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