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Benchmark Metals Expands Duke Ridge to Phoenix Corridor

Mining News - Published on Mon, 17 Feb 2020

Image Source: Benchmark Metals
Benchmark Metals Inc has continued drilling success in the Duke's Ridge-Phoenix corridor which now measures greater than 1km in strike length with the identification of anomalous drilling at the Phoenix East Zone. New work at Duke's Ridge and Phoenix indicates that they form one system or a series of overlapping mineralizing systems. The Lawyers Project is situated in the Stikine Terrane of northern British Columbia, Canada, and falls within the prolific, mineral endowed 'Golden Horseshoe. CEO Mr John Williamson said "Drill confirmation of highly anomalous gold-silver mineralization at Phoenix East adds significant strike length and potential to the Duke's Ridge-Phoenix corridor. Drilling is providing continuity along the structure which remains open in all directions with bulk-tonnage and high-grade mineralization from surface. Results including 5.8 g/t gold and 128.7 g/t silver over 33.5 metres core length from surface is providing compelling resource expansion possibilities that favours shallow, open pit mining methods."

During the 2019 exploration program, Benchmark drilled three exploratory holes in the Phoenix East Zone, a new discovery zone announced in 2019. The Zone occurs 150-250m along strike from the Phoenix Zone and 700m along strike from the heart of the Duke's Ridge mineralization. These holes were designed as a 1st pass test of large and coincident soil, magnetic and radiometric anomalies, which appeared to extend both the Phoenix and the Duke's Ridge trends. Encouraging results in all three holes include anomalous gold and silver over several meters and a narrow high-grade vein in 19PXDD004. These promising results suggest that the mineralizing system continues all the way to Phoenix East, which still has a significant area of surficial anomalies to test and will be a target for 2020 exploration.

The Duke's Ridge-Phoenix mineralized corridor has seen limited production from a near surface, high-grade vein. The Phoenix vein was partially mined via a small underground drift during 1991 that totaled 4,932 tonnes of material and produced 6,713 oz of gold and 296,084 oz of silver (Lane et al., 2018). Historical data, new results and a more thorough understanding of the mineralized system has provided a path to grow the zones. Additional drilling will provide more continuity to expand and develop near surface, gold-silver ounces in this area. Selected previously released results at Duke's Ridge include 50.66 g/t gold and 724.5 g/t silver over 6 metres core length (DD83DR07), 1.26 g/t gold, 37.82 g/t silver, or 1.73 g/t AuEq across 70.00 metres core length (19DRDD003), and at Phoenix, 46.9 g/t gold and 3,055.6 g/t silver over 2.87 metres core length (19PXDD001).

Infill sampling of the available 2015 drill core, yielded significant broad intervals of mineralization, not previously sampled or modelled. These results include DR15-05 which intersected 1.16 g/t gold and 36.18 g/t silver or 1.61 g/t AuEq across 67.75 metres core length. The excellent results from this program, coupled with those from historical drill programs empathize the potential to develop a significant resource within this 1+km mineralized corridor. This area will be a focus of the 2020 drill program.

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Posted By : Nishith Sharma on Mon, 17 Feb 2020
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