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Benchmark Metals shares surge as it finds new gold, silver zone at Lawyers project

The area extends over an area 500 by 250 metres, at the Lawyers project in the Stikine Terrane of British Columbia, Canada

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Individual rock grab samples from the surface graded up to 24.2 grams per ton (g/t) gold and 1,425 g/t silver, the firm said

Shares in Benchmark Metals Inc (CVE: BNCH) (OTCMKTS: CYRTF) surged Friday as it revealed it had uncovered a new gold, silver zone, which extends over an area 500 by 250 metres, at the Lawyers project in the Stikine Terrane of British Columbia, Canada.

Significantly, individual rock grab samples from the surface graded up to 24.2 grams per ton (g/t) gold and 1,425 g/t silver, the firm said.

"The new Marmot East Zone was never drilled during previous work campaigns and remains under-explored," said John Williamson, the group's chairman and CEO.

"We are generating new high-priority drill targets for 2020 at both the Marmot and Marmot East areas where geochemical results (soil and rock samples) are coincident with radiometric anomalies that exhibit similar gold and silver potential to that seen from drilling in the heart of the Lawyers Trend."

This new zone lies in the east-central portion of the Lawyers property, around 3km directly south along strike from the main Lawyers trend mineralization.

It spans 500 by 250 metres within a larger 2400 by 650 metre radiometric anomaly and is defined by bedrock mapping, soils, and rock samples.

Benchmark is currently awaiting, from the lab, results from bedrock channel sampling, rock, and soil data from both Marmot and Marmot East.

Shares in Toronto added 8.33% to stand at  C$0.39 each.

Contact the author at [email protected]

Quick facts: Benchmark Metals Inc

Price: 0.325 CAD

TSX-V:BNCH
Market: TSX-V
Market Cap: $34.27 m
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