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Benchmark releases maiden inferred resource estimate at Lawyers gold project

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Benchmark releases maiden inferred resource estimate at Lawyers gold project

Benchmark Metals Inc. said June 14 that it estimated a maiden inferred resource estimate for the Cliff Creek North and Dukes Ridge deposits, part of the Lawyers gold project in British Columbia.

The TSX-listed explorer is earning up to a 75% interest in the Lawyers project, under an option deal with PPM Phoenix Precious Metals Corp. in March.

The estimate for the Cliff Creek North was pegged at 80,000 ounces of gold and 3.7 million ounces of silver contained in 550,000 tonnes grading 4.51 g/t of gold and 209.15 g/t of silver.

Meanwhile, a resource of 58,000 tonnes grading 4.30 g/t of gold and 139.13 g/t of silver containing 8,000 ounces of gold and 260,000 ounces of silver was estimated at the Dukes Ridge zone. The explorer reported the resource estimates for both deposits at a 4.0 g/t gold equivalent cutoff grade.

Data gathered from 597 samples collected from 48 surface drill holes, which included 15 holes drilled in 2015, and four trenches that have intersected mineralization, were used as the basis for the resource estimate for the Cliff Creek North zone. The resource estimate for the Dukes Ridge zone was based on 321 samples from 37 surface drill holes, including seven holes drilled in 2015, and 22 surface trenches that intersect precious metal mineralization.