Benchmark Metals vorm. Crystal Exploration
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eröffnet am: | 30.05.18 11:20 von: | Moneymaker. | Anzahl Beiträge: | 610 |
neuester Beitrag: | 03.04.23 09:06 von: | nicco_trader | Leser gesamt: | 223535 |
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bewertet mit 3 Sternen |
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interessant
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witzig
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gut analysiert
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informativ
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Das ist ja ein schönes Minus :)
aber immerhin geht es jetzt mal weiter.
Das alte Forum mit all den Beiträgen ist nun weg?
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die lassen sich ganz schoen viel zeit.
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drecksladen, ich bin stinkig.
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https://www.newswire.ca/news-releases/...g-halt---bnch-683966821.html
VANCOUVER, May 29, 2018 /CNW/ - The following issues have been halted by IIROC:
Company: Benchmark Metals Inc.
TSX-Venture Symbol: BNCH
Reason: Pending News
Halt Time (ET): 13:56
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
https://www.newswire.ca/news-releases/...nce-bulletins-683984231.html
VANCOUVER, May 29, 2018 /CNW/ -
TSX VENTURE COMPANIES
BENCHMARK METALS INC. ("BNCH")
BULLETIN TYPE: Remain Halted
BULLETIN DATE: May 29, 2018
TSX Venture Tier 2 Company
Further to the TSX Venture Exchange bulletin dated March 22, 2018, trading in the shares of Benchmark Metals Inc. will remain halted pending receipt and review of acceptable documentation regarding the company's fundamental acquisition.
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Kaufpreis steht da Aktienanzahl auch aber momentaner wert 0 bei Verlust steht 100%
Was ist den dashat das mit dem Handelsstopp zu tuen ?
Fehler im Programm ?
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Das war nur in der bescheuerten Watchlist so anscheinend ist das ein Fehler dort.
im Depot selbst alles okay auser die rote % Zahl :(
Aber hoffen wir mal das beste die letzen Ergebnisse waren ja nicht schlecht was Gold angeht.
Auf der anderen Seite war es nicht verkehrt das die hauptsächlich auf Gold umgestiegen sind Diamanten jetz nur nebenher .
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Benchmark Closing Date and Trade Resumption
June 7th, 2018
June 7, 2018
TSX-V: BNCH, OTCQB: CYRTF, WKN: A2JM2X
BENCHMARK RECEIVES ACCEPTANCE OF PROPERTY OPTION, AND PROPOSES CLOSING DATE FOR $3.21 MILLION NON-BROKERED UNIT OFFERING
Vancouver ? June 7, 2018 ? Benchmark Metals Inc. (formerly, Crystal Exploration Inc., the ?Company? or ?Benchmark?) (TSX-V: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) ? Further to the Company?s prior announcements on March 22 and May 9, 2018, Benchmark is pleased to report that on June 6, 2018, it received final acceptance from the TSX Venture Exchange of its option and joint venture letter agreement (the ?OJVA?) with PPM Phoenix Precious Metals Corp. (?PPM?) for the Company?s option to acquire from PPM up to a 75% interest in the Lawyers Property, B.C. (the ?Lawyers Property?) over three years. The Company also proposes to close on June 14, 2018 its non-brokered unit offering for gross proceeds of $3.21 million (the ?Unit Offering?) to fund the initial phase of exploration work on the Lawyers Property and general working capital purposes. Upon closing of the offering, it is anticipated that the TSX Venture Exchange (the ?TSX-V?) will issue an Exchange Bulletin providing final acceptance of these transactions and notice that the Company will resume trading at the opening of the TSX-V market on the second trading day subsequent to issuance of the Exchange Bulletin. Accordingly, the Company expects trading will resume on Monday, June 18, 2018.
Property Option
Pursuant to the OJVA, the Company will pay to PPM a sum of $200,000 (which is credited towards the Company?s earn-in requirements below), and issue to PPM the first instalment of 1.0 million common shares.The Company will have a period of one year to incur $2.0 million in exploration expenditures on the Lawyers Property (including the $200,000 advanced to PPM above), and must incur a total of $5.0 million by June 6, 2021 to acquire its first 51% interest in the project. The Company may acquire an additional 9% interest (for a total interest of 60%) by issuing to PPM an additional 2.0 million common shares, and incurring a further $2.5 million in exploration or development expenditures by June 6, 2021, and the Company may further acquire an additional 15% (for a total interest of 75%) in the Lawyers Property by issuing to PPM an additional 1.0 million common shares, and incurring a further $1.5 million in exploration or development expenditures by June 6, 2021.
Upon the Company earning its largest interest in the Property, the parties will either enter into a joint venture agreement for the further exploration and development of the Property, or, if the Company has acquired a 75% interest, then PPM may elect to sell its 25% interest in the Property to the Company, based on either an independent valuation, or a formula set out in the OJVA based on the Company?s market capitalization. The Company will be the operator of the Lawyers Property. The terms of the joint venture agreement will include provisions for the dilution of a party?s interest, in the event the party does not contribute its proportionate cost share to the further exploration and development of the Lawyers Property. The interest of any party diluted to 5% or less will be automatically converted into a 2.5% net smelter returns royalty (the ?NSR?), with the other party having the right to buy-down one-half of the NSR for $1 million.
The Company will also issue 94,444 common shares to an arm?s length finder in connection with the acquisition of the Lawyers Property option, and may pay a further $90,000 to the finder, in cash or shares, upon completion of the first year?s minimum required exploration work of $2.0 million. The finder may elect to be paid the finder?s fee in cash or common shares of the Company. If payable in shares, then the common shares will be issued as a deemed price per share equal to the five (5) trading day volume weighted average closing price immediately preceding the date of such election, provided that in any event the issue price for the common shares cannot be less than $0.16875 per share.
Financing
Pursuant to the Unit Offering, the Company will issue 17,833,318 units (the ?Units?) at an offering price of $0.18 per Unit, to raise gross proceeds of $3.21 million (the ?Offering?). Each Unit will consist of one (1) common share of the Company, and one (1) share purchase warrant (the ?Warrants?) to acquire one additional common share at an exercise price of $0.36 per share until June 14, 2020. In the event that the common shares of the Company trade at a closing price greater than $0.42 per share for a period of 10 consecutive days, then the Company may deliver a notice to the Warrant holders that they must exercise their Warrants within the next 30 days, or the Warrants will expire. The net proceeds from the Offering will be used to fund exploration expenditures on the Property over the next 12 months, as well as to provide the Company with working capital for general and administrative expenses. Certain arm?s length finders will receive $182,267 in fees and will also be issued a total of 552,595 Warrants in connection with the Offering.All securities issued for the Offering will be subject to resale restrictions until October 15, 2018.
About Benchmark Metals Inc.
Benchmark is a Canadian gold, silver and diamond exploration company with its common shares listed for trading on the TSX Venture Exchange in Canada, the OTCQB Venture Market in the United States and the Frankfurt Stock Exchange in Germany. Benchmark is managed by proven resource sector professionals, who have a track record of advancing exploration projects from grassroots scenarios through to production.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ ?John Williamson?
John Williamson,
Chief Executive Officer
Tel: (780) 966-7014
For further information, please contact:
Jim Greig, President
jimg@benchmarkmetals.com
Tel: (778) 788-2745
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
CERTAIN STATEMENTS MADE AND INFORMATION CONTAINED HEREIN MAY CONSTITUTE ?FORWARD-LOOKING INFORMATION? AND ?FORWARD-LOOKING STATEMENTS? WITHIN THE MEANING OF APPLICABLE CANADIAN AND UNITED STATES SECURITIES LEGISLATION. THESE STATEMENTS AND INFORMATION ARE BASED ON FACTS CURRENTLY AVAILABLE TO THE COMPANY AND THERE IS NO ASSURANCE THAT ACTUAL RESULTS WILL MEET MANAGEMENT?S EXPECTATIONS. FORWARD-LOOKING STATEMENTS AND INFORMATION MAY BE IDENTIFIED BY SUCH TERMS AS ?ANTICIPATES?, ?BELIEVES?, ?TARGETS?, ?ESTIMATES?, ?PLANS?, ?EXPECTS?, ?MAY?, ?WILL?, ?COULD? OR ?WOULD?.
FORWARD-LOOKING STATEMENTS AND INFORMATION CONTAINED HEREIN ARE BASED ON CERTAIN FACTORS AND ASSUMPTIONS REGARDING, AMONG OTHER THINGS, THE ESTIMATION OF MINERAL RESOURCES AND RESERVES, THE REALIZATION OF RESOURCE AND RESERVE ESTIMATES, METAL PRICES, TAXATION, THE ESTIMATION, TIMING AND AMOUNT OF FUTURE EXPLORATION AND DEVELOPMENT, CAPITAL AND OPERATING COSTS, THE AVAILABILITY OF FINANCING, THE RECEIPT OF REGULATORY APPROVALS, ENVIRONMENTAL RISKS, TITLE DISPUTES AND OTHER MATTERS. WHILE THE COMPANY CONSIDERS ITS ASSUMPTIONS TO BE REASONABLE AS OF THE DATE HEREOF, FORWARD-LOOKING STATEMENTS AND INFORMATION ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON SUCH STATEMENTS AS ACTUAL EVENTS AND RESULTS MAY DIFFER MATERIALLY FROM THOSE DESCRIBED HEREIN. THE COMPANY DOES NOT UNDERTAKE TO UPDATE ANY FORWARD-LOOKING STATEMENTS OR INFORMATION EXCEPT AS MAY BE REQUIRED BY APPLICABLE SECURITIES LAWS.
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BENCHMARK PROCEEDS WITH PROPERTY OPTION,
AND CLOSES $3.21 MILLION NON-BROKERED UNIT OFFERING
Vancouver ? June 14, 2018 ? Benchmark Metals Inc. (formerly, Crystal Exploration Inc., the ?Company? or ?Benchmark?) (TSX-V: BNCH) ? Further to the Company?s prior announcements on March 22, May 9, and June 7, 2018, Benchmark is pleased to report that it has received final acceptance from the TSX Venture Exchange of its option and joint venture letter agreement (the ?OJVA?) with PPM Phoenix Precious Metals Corp. (?PPM?) for the Company?s option to acquire from PPM up to a 75% interest in the Lawyers Property, B.C. (the ?Lawyers Property?) over three years. The Company will proceed to close its non-brokered unit offering for gross proceeds of $3.21 million (the ?Unit Offering?) to fund the initial phase of exploration work on the Lawyers Property and general working capital purposes.
Property Option
Pursuant to the OJVA, the Company has paid to PPM a sum of $200,000 (which is credited towards the Company?s earn-in requirements below) and has issued to PPM the first instalment of 1.0 million common shares. The Company will have a period of one year to incur $2.0 million in exploration expenditures on the Lawyers Property (including the $200,000 advanced to PPM above) and must incur a total of $5.0 million by June 6, 2021 to acquire its first 51% interest in the project. The Company may acquire an additional 9% interest (for a total interest of 60%) by issuing to PPM an additional 2.0 million common shares, and incurring a further $2.5 million in exploration or development expenditures by June 6, 2021, and the Company may further acquire an additional 15% (for a total interest of 75%) in the Lawyers Property by issuing to PPM an additional 1.0 million common shares, and incurring a further $1.5 million in exploration or development expenditures by June 6, 2021.
Upon the Company earning its largest interest in the Property, the parties will either enter into a joint venture agreement for the further exploration and development of the Property, or, if the Company has acquired a 75% interest, then PPM may elect to sell its 25% interest in the Property to the Company, based on either an independent valuation, or a formula set out in the OJVA based on the Company?s market capitalization. The Company will be the operator of the Lawyers Property. The terms of the joint venture agreement will include provisions for the dilution of a party?s interest, in the event the party does not contribute its proportionate cost share to the further exploration and development of the Lawyers Property. The interest of any party diluted to 5% or less will be automatically converted into a 2.5% net smelter returns royalty (the ?NSR?), with the other party having the right to buy-down one-half of the NSR for $1 million.
The Company has also issued 94,444 common shares to an arm?s length finder in connection with the acquisition of the Lawyers Property option, and may pay a further $90,000 to the finder, in cash or shares, upon completion of the first year?s minimum required exploration work of $2.0 million. The finder may elect to be paid the finder?s fee in cash or common shares of the Company. If payable in shares, then the common shares will be issued as a deemed price per share equal to the five (5) trading day volume weighted average closing price immediately preceding the date of such election, provided that in any event the issue price for the common shares cannot be less than $0.16875 per share.
Financing
Pursuant to the Unit Offering, the Company issued 17,833,318 units (the ?Units?) at an offering price of $0.18 per Unit, to raise gross proceeds of $3.21 million (the ?Offering?). Each Unit consists of one (1) common share of the Company, and one (1) share purchase warrant (the ?Warrants?) to acquire one additional common share at an exercise price of $0.36 per share until June 8, 2020. In the event that the common shares of the Company trade at a closing price greater than $0.42 per share for a period of 10 consecutive days, then the Company may deliver a notice to the Warrant holders that they must exercise their Warrants within the next 30 days, or the Warrants will expire. The net proceeds from the Offering will be used to fund exploration expenditures on the Lawyers Property over the next 12 months, as well as to provide the Company with working capital for general and administrative expenses. Certain arm?s length finders received $182,267 in fees, and were also issued a total of 552,595 Warrants in connection with the Offering. All securities issued will be subject to resale restrictions until becoming free-trading on October 9, 2018.
About Benchmark Metals Inc.
Benchmark is a Canadian gold, silver and diamond exploration company with its common shares listed for trading on the TSX Venture Exchange in Canada, the OTCQB Venture Market in the United States and the Frankfurt Stock Exchange in Germany. Benchmark is managed by proven resource sector professionals, who have a track record of advancing exploration projects from grassroots scenarios through to production.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ ?John Williamson?
John Williamson,
Chief Executive Officer
For further information, please contact:
Jim Greig, President
jimg@benchmarkmetals.com
Tel: (604) 260-6977
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
CERTAIN STATEMENTS MADE AND INFORMATION CONTAINED HEREIN MAY CONSTITUTE ?FORWARD-LOOKING INFORMATION? AND ?FORWARD-LOOKING STATEMENTS? WITHIN THE MEANING OF APPLICABLE CANADIAN AND UNITED STATES SECURITIES LEGISLATION. THESE STATEMENTS AND INFORMATION ARE BASED ON FACTS CURRENTLY AVAILABLE TO THE COMPANY AND THERE IS NO ASSURANCE THAT ACTUAL RESULTS WILL MEET MANAGEMENT?S EXPECTATIONS. FORWARD-LOOKING STATEMENTS AND INFORMATION MAY BE IDENTIFIED BY SUCH TERMS AS ?ANTICIPATES?, ?BELIEVES?, ?TARGETS?, ?ESTIMATES?, ?PLANS?, ?EXPECTS?, ?MAY?, ?WILL?, ?COULD? OR ?WOULD?.
FORWARD-LOOKING STATEMENTS AND INFORMATION CONTAINED HEREIN ARE BASED ON CERTAIN FACTORS AND ASSUMPTIONS REGARDING, AMONG OTHER THINGS, THE ESTIMATION OF MINERAL RESOURCES AND RESERVES, THE REALIZATION OF RESOURCE AND RESERVE ESTIMATES, METAL PRICES, TAXATION, THE ESTIMATION, TIMING AND AMOUNT OF FUTURE EXPLORATION AND DEVELOPMENT, CAPITAL AND OPERATING COSTS, THE AVAILABILITY OF FINANCING, THE RECEIPT OF REGULATORY APPROVALS, ENVIRONMENTAL RISKS, TITLE DISPUTES AND OTHER MATTERS. WHILE THE COMPANY CONSIDERS ITS ASSUMPTIONS TO BE REASONABLE AS OF THE DATE HEREOF, FORWARD-LOOKING STATEMENTS AND INFORMATION ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON SUCH STATEMENTS AS ACTUAL EVENTS AND RESULTS MAY DIFFER MATERIALLY FROM THOSE DESCRIBED HEREIN. THE COMPANY DOES NOT UNDERTAKE TO UPDATE ANY FORWARD-LOOKING STATEMENTS OR INFORMATION EXCEPT AS MAY BE REQUIRED BY APPLICABLE SECURITIES LAWS.
Copyright ©2018 Benchmark Metals Inc., All rights reserved.
Contact information:
Unit 210, 8429 - 24th Street NW, Edmonton, Alberta, T6P 1L3, Canada
Email: info@benchmarkmetals.com
Tel: +1 604 260 6977
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Benchmark Metals Inc. Reports Maiden NI 43-101 Mineral Resource Estimate
For the Lawyers Gold-Silver Project in British Columbia
Edmonton ? June 14, 2018 ? Benchmark Metals Inc. (formerly, Crystal Exploration Inc., the ?Company? or ?Benchmark?) (BNCH: TSX-V) (CYRTD: OTCQB) (A2JM2X: WKN) ? is pleased to announce the release of a maiden inferred mineral resource estimate for two spatially associated zones of epithermal gold-silver (Au-Ag) mineralization at the Lawyers Project in the Toodoggone region of northern British Columbia, Canada.
Giroux Consultants Ltd. (?Giroux?) of North Vancouver, B.C., has estimated an inferred mineral resource of 550,000 tonnes grading 4.51 g/t Au and 209.15 g/t Ag at a 4.0 g/t gold equivalent (?AuEQ?) lower cut-off at the Cliff Creek North zone, which equates to a contained metal resource of 80,000 troy oz. Au and 3,700,000 oz. of Ag, along with an inferred mineral resource of 58,000 tonnes grading 4.30 g/t Au and 139.13 g/t Ag (at a 4.0 g/t AuEQ lower cut-off) at the Duke?s Ridge zone, which equates to a contained metal resource of 8,000 oz. of Au and 260,000 oz. of Ag (see Tables 1 and 2 below). Benchmark will file a technical report on Sedar supporting the mineral resource estimate within 45 days of this news release.
CEO John Williamson commented on the maiden resource, ?The results of the independent inferred mineral resource estimate provide an initial platform on which we intend to grow the resource base with further work including drilling to infill and extend the known mineralized zones along strike and at depth. Existing historic drill results along strike and at depth indicate the expansion potential to be excellent.?
Mr. Williamson further commented on the potential of the Lawyers Project, ?The Golden Triangle region of northwestern British Columbia has been the focus of aggressive exploration in recent years with new mines being put into production, development projects and high-grade results from multiple companies. The Lawyers Project brings together the past-producing Lawyers gold-silver mine area and the extensive Silver Pond trend of precious metals occurrences within the northeast part of the Golden Triangle. This large prospective land holding presents a unique opportunity for Benchmark to carry out further exploration on a 'camp' scale. There remains excellent potential for the discovery of additional low and high-sulphidation epithermal precious metal deposits like those that have been discovered and explored to date. In addition, there exists the possibility for the discovery of near-surface or buried 'bulk tonnage' deposits which may offer the advantage of economies of scale should future mine development occur.?
Table 1. Cliff Creek North Inferred Mineral Resource at a variety of lower cut-offs*
AuEQ** Cut-off Tonnes > Cut-off Grade>Cut-off Contained Metal***
(g/t) (tonnes) Au (g/t) Ag (g/t) AuEQ (g/t) Au (ozs) Ag (ozs)
1.00 1,460,000 2.89 121.70 4.16 136,000 5,710,000
2.00 1,260,000 3.16 134.94 4.57 128,000 5,470,000
3.00 840,000 3.79 171.54 5.58 102,000 4,630,000
3.50 690,000 4.12 190.08 6.10 91,000 4,220,000
4.00 550,000 4.51 209.15 6.69 80,000 3,700,000
4.50 440,000 4.90 230.48 7.30 69,000 3,260,000
5.00 350,000 5.30 253.88 7.94 60,000 2,860,000
6.00 260,000 5.88 290.09 8.91 49,000 2,420,000
Table 2. Dukes Ridge Inferred Mineral Resource at a variety of lower cut-offs*
AuEQ** Cut-off Tonnes > Cut-off Grade>Cut-off Contained Metal***
(g/t) (tonnes) Au (g/t) Ag (g/t) AuEQ (g/t) Au (ozs) Ag (ozs)
1.00 403,000 2.07 76.88 2.87 27,000 1,000,000
2.00 282,000 2.45 89.00 3.38 22,000 810,000
3.00 133,000 3.25 113.38 4.43 14,000 480,000
3.50 85,000 3.78 125.53 5.08 10,000 340,000
4.00 58,000 4.30 139.13 5.75 8,000 260,000
4.50 43,000 4.65 155.00 6.26 6,000 210,000
5.00 33,000 4.96 171.20 6.74 5,000 180,000
6.00 18,000 5.59 208.99 7.77 3,200 121,000
* Inferred mineral resources are not mineral reserves. Mineral resources, which are not mineral reserves, do not have demonstrated economic viability. There has been insufficient exploration to allow for the classification of the inferred resources tabulated above as an indicated or measured mineral resource, however, it is reasonably expected that the majority of the inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. There is no guarantee that any part of the mineral resources discussed herein will be converted into a mineral reserve in the future.
**The following prices of metals and conversions are used to calculate AuEq; $US1,200/oz for Au and $US14.50/oz for Ag; AuEQ = [(Au g/t * 1200 * 0.95 / 31.1035 g/oz) + ( Ag g/t * 14.50 * 0.82 /31.1035 g/oz)]/ (1200 * 0.95 / 31.1035).
***Contained ounces may not add due to rounding.
LAWYERS PROJECT HIGHLIGHTS
At Lawyers, low sulphide epithermal alteration and mineralized zones are controlled mainly by northwest-trending, steeply west-southwest dipping fault and fracture systems. Chalcedonic quartz veins, stockworks and multi-stage breccias host precious metal mineralization; adularia occurs adjacent to metal bearing veins and is flanked by kaolinite-illite. Zones of pervasive argillic alteration, with characteristic pyrite and chlorite, form envelopes to the mineralized fault and fracture systems and give way to peripheral and widespread propylitic alteration. Principal ore minerals include: acanthite, native gold, electrum and native silver with sphalerite, galena, chalcopyrite, bornite and covellite.
The Cliff Creek Zone, a north-northwest trending epithermal zone, has a strike length of at least 1,600 m and has been explored to a depth of greater than 300 m. It consists of the Cliff Creek South, Cliff Creek Central and Cliff Creek North sub-zones that form a continuous band of alteration and mineralization primarily contained in dilational structures along the West fault, located between the northwest-trending Cliff Creek fault and the Ptarmigan fault. Mineralization at Cliff Creek North ranges from narrow, massive sulphide veins, such as the P2 vein, located in the hangingwall of the main Cliff Creek North zone, which graded 293.40 g/t Au and 7,622 g/t Ag over 0.70m core length in hole CC15-12, to broad low-grade intervals such as a 51.99 m core length intersection in hole CC15-13 that averaged 1.71 g/t Au and 41.5 g/t Ag. The Duke?s Ridge zone, located just southeast of the Cliff Creek North zone on the east side of the Cliff Creek fault, is a 1,200 m long zone that is typically 2-4 m wide, and is sub-vertical to steeply west-dipping.
LAWYERS MAIDEN INFERRED* MINERAL RESOURCE ESTIMATE
Giroux has estimated a maiden inferred mineral resource for the Cliff Creek North zone utilizing a total of 597 samples from 48 surface drill holes (including 15 holes drilled in 2015) and 4 trenches that have intersected mineralization. No underground data was used in the estimate because location and assay data for the historic underground is incomplete. Giroux estimated a maiden inferred mineral resource for the Duke?s Ridge zone utilizing a total of 321 samples from 37 surface drill holes (including 7 holes drilled in 2015) and 22 surface trenches that intersect precious metal mineralization.
Modeled 3D geologic 'solids' were used to constrain mineralization in the block model and grades for gold and silver were interpolated into blocks by Ordinary Kriging (OK). Geologic 3D solids were developed using cross-sections and level plans to constrain the mineralization at the Cliff Creek North Zone and at the Dukes Ridge Zone. In both cases a rough AuEq value of ? 1.0 g/t was used to define and wireframe the 3D solids.
Based upon statistical treatment of gold and silver data for each of the four established mineralized domains capping was employed but had little effect on the overall estimate. A 2.0 m composite length was selected to approximate a potential underground mining height for both the Cliff Creek North and Duke?s Ridge zones. In both zones, uniform down-hole composites were formed honouring the domain boundaries. Variography on the composite data was used to model prominent search directions for gold and silver in all domains. Within the Cliff Creek North mineralized domain both gold and silver were modeled along strike (Azimuth 347° Dip 0°), down dip (Azimuth 257° Dip -65°) and across dip (Azimuth 77° Dip -25°). The longest continuity for both Au and Ag was found along Azimuth 347° and Dip -60°. A similar exercise was completed for Au and Ag at Dukes Ridge. Gold and silver were modelled along strike (Azimuth 308° Dip 0°), perpendicular to strike (Azimuth 218° Dip 0°) and in the vertical direction (Azimuth 0° Dip -90°).
Separate block models with blocks dimensioned at 5 x 5 x 5 m were created and fit to the mineralization solids for the Cliff Creek North and Duke?s Ridge zones. For each block model the percentage below surface topography, percentage below bedrock and the percentage within the mineralized solids were recorded, for each block. The percentage of waste within a block was then calculated by subtracting the percentage of mineralized solid from the percentage below bedrock. Based on available data on historic underground workings in the Cliff Creek North zone, if an estimated block contained any percentage of underground workings, the workings were assumed to be within the mineralized zone and were subtracted from the percentage of mineralized solid in that block.
Specific gravity measurements were done in the field using Archimedes methodology and resulted in 145 measurements in the Cliff Creek North zone and 48 in the Duke?s Ridge zone. Blocks within the Cliff Creek North mineralized zone were assigned an average specific gravity of 2.63, while blocks within the Duke?s Ridge mineralized zone were assigned an average specific gravity of 2.58.
Grades for gold and silver were interpolated into blocks by OK using the search ellipsoid dimensions and orientation established by variography. For both the Cliff Creek North and Duke?s Ridge block models the kriging was completed in a series of passes with expanding search ellipsoids. As a verification tool for the block model, level plans were produced for the Cliff Creek North mineralized Zone and the Duke?s Ridge mineralized Zone showing both estimated gold grades in blocks and in 2 m drill hole composites from 10 m above the level to 10 m below. Block grades matched the composite grades with no bias indicated in either zone.
No economic evaluations have been completed on the Cliff Creek North and Duke's Ridge zones, and as a result an economic cut-off for them is unknown. However, for the purposes of reporting mineral resources on the Project, current gold and silver metal prices and current US$-CDN$ exchange rate where compared to historic metal prices (adjusted for both inflation and historic exchange rates) for the 4-year period of past production on the Lawyers Project. It was found that the average gold and silver grades corresponding to cut-off grades of 4.00, 4.50 and 5.00 g/t AuEq, after being adjusted for comparison purposes, and compare favourably with historic mined grades at Lawyers. It was concluded that it is reasonable to select a 4.0 g/t AuEq cut-off for reporting purposes for the Lawyers Project.The AuEq grade was determined for each estimated block utilizing, US$1200/oz. Au price and 95% recovery, along with US$ 14.50/oz. silver price and 82% recovery.
CLIFF CREEK NORTH ZONE
The Cliff Creek North Zone resource (Table 1) is classified as inferred due to drill hole density, uncertainty of the precise locations and full extent of underground workings and a limited number of blocks estimated in Pass 1 and 2 Kriging.
DUKE?S RIDGE ZONE
The Duke's Ridge Zone resource (Table 2) is classified as inferred due to drill hole density and the limited number of blocks estimated in Pass 1 and 2 Kriging.
About Benchmark Metals Inc.
Benchmark is a Canadian gold, silver and diamond exploration company with its common shares listed for trading on the TSX Venture Exchange in Canada, the OTCQB Venture Market in the United States and the Frankfurt Stock Exchange in Germany. Benchmark is managed by proven resource sector professionals, who have a track record of advancing exploration projects from grassroots scenarios through to production.
The technical content of this news release and the Company?s technical disclosure has been reviewed and approved by Michael B. Dufresne, M.Sc., P.Geol., P.Geo., who is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ ?John Williamson?
John Williamson,
Chief Executive Officer
For further information, please contact:
Jim Greig, President
jimg@benchmarkmetals.com
Tel: (604) 260-6977
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
CERTAIN STATEMENTS MADE AND INFORMATION CONTAINED HEREIN MAY CONSTITUTE ?FORWARD-LOOKING INFORMATION? AND ?FORWARD-LOOKING STATEMENTS? WITHIN THE MEANING OF APPLICABLE CANADIAN AND UNITED STATES SECURITIES LEGISLATION. THESE STATEMENTS AND INFORMATION ARE BASED ON FACTS CURRENTLY AVAILABLE TO THE COMPANY AND THERE IS NO ASSURANCE THAT ACTUAL RESULTS WILL MEET MANAGEMENT?S EXPECTATIONS. FORWARD-LOOKING STATEMENTS AND INFORMATION MAY BE IDENTIFIED BY SUCH TERMS AS ?ANTICIPATES?, ?BELIEVES?, ?TARGETS?, ?ESTIMATES?, ?PLANS?, ?EXPECTS?, ?MAY?, ?WILL?, ?COULD? OR ?WOULD?.
FORWARD-LOOKING STATEMENTS AND INFORMATION CONTAINED HEREIN ARE BASED ON CERTAIN FACTORS AND ASSUMPTIONS REGARDING, AMONG OTHER THINGS, THE ESTIMATION OF MINERAL RESOURCES AND RESERVES, THE REALIZATION OF RESOURCE AND RESERVE ESTIMATES, METAL PRICES, TAXATION, THE ESTIMATION, TIMING AND AMOUNT OF FUTURE EXPLORATION AND DEVELOPMENT, CAPITAL AND OPERATING COSTS, THE AVAILABILITY OF FINANCING, THE RECEIPT OF REGULATORY APPROVALS, ENVIRONMENTAL RISKS, TITLE DISPUTES AND OTHER MATTERS. WHILE THE COMPANY CONSIDERS ITS ASSUMPTIONS TO BE REASONABLE AS OF THE DATE HEREOF, FORWARD-LOOKING STATEMENTS AND INFORMATION ARE NOT GUARANTEES OF FUTURE PERFORMANCE AND READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON SUCH STATEMENTS AS ACTUAL EVENTS AND RESULTS MAY DIFFER MATERIALLY FROM THOSE DESCRIBED HEREIN. THE COMPANY DOES NOT UNDERTAKE TO UPDATE ANY FORWARD-LOOKING STATEMENTS OR INFORMATION EXCEPT AS MAY BE REQUIRED BY APPLICABLE SECURITIES LAWS.
Copyright ©2018 Benchmark Metals Inc., All rights reserved.
Contact information:
Unit 210, 8429 - 24th Street NW, Edmonton, Alberta, T6P 1L3, Canada
Email: info@benchmarkmetals.com
Tel: +1 604 260 6977
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Company: Benchmark Metals Inc.
TSX-Venture Symbol: BNCH
Resumption (ET): 08:00 AM, June 20, 2018
https://www.newswire.ca/news-releases/...bnch-ehp-fmvp-685959911.html
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Wann kommt mal ne News was die Aktivitäten angeht steht etwas an ?
Hoffen wir mal das mal genauso gute Ergebnisse kommen wie die Letzten Monate .
Obwohl es ja kaum am Kurs etwas bewegt hat ...............
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Die neuws sind schon 2 Tage alt ;)
Eine neuer Geheimtipp ? eine Gelegenheit wie im Bilderbuche und bislang unentdeckt Ganz frisch aufgestellt hingegen ist die kanadische Benchmark Resources. Der Clou: Die Aktie ist am Markt noch völlig unentdeckt und derzeit tatsächlich noch ein richtiger Geheimtipp (unter 5 Mio. Euro Bewertung). Strong Buy: BENCHMARK METALS WKN: A2JM2X Börsenplätze: Frankfurt, etc. (Deutschland); TSX-V (Kanada, Heimatbörse) Das Unternehmen steht erst seit kurzem unter der Führung der Koryphäe John Williamson, der u.a. zu den Gründern von Kaminak Gold gehörte, die 2016 für rund 500 Mio. Dollar (CDN) von Goldcorp übernommen wurde (manche unter Ihnen kennen ihn auch von der neueren Altiplano Metals). Benchmark Metals ?wiegt? an der kanadischen Börse derzeit fast ?nichts? in Hinblick darauf, wie massiv das Upsidepotenzial ganz offensichtlich ist. Benchmark Metals hat sich nämlich die Option auf das Lawyers Gold- und Silberprojekt im ?Goldenen Dreieck? in British Columbia gesichert. 130 Mio. Unzen Gold, 800 Mio. Unzen Silber und 40 Milliarden Pfund Kupfer wurden bis dato im ?Goldenen Dreieck? entdeckt. Williamson und auch viele andere Geologen sind überzeugt, dass das noch lange nicht alles ist. Die neuerliche Entdeckung von Pretium, dessen Brucejack-Projekt sich jetzt bereits in Produktion befinden, ist sicherlich ein Beweis dafür, dass das Potenzial für die Entdeckung neuer Minen nach wie vor sehr groß ist. Pretium bringt es aktuell auf eine Bewertung von über 2 Milliarden Dollar (CDN). Benchmark Metals, so könnte man meinen, wenn man sich die aktuelle Bewertung von rund 6 Mio. Dollar (CDN) bzw. 3,9 Mio. Euro ansieht, ist noch sehr ?early-stage?. Und dennoch ist das Unternehmen gar nicht so sehr ?early-stage?, wie es auf dem ersten Blick scheint. Denn das für Benchmark neue Lawyers-Projekt (Williamson hat dies im Zuge der Übernahme der Führungsrolle des Unternehmens ausfindig gemacht) kommt mit einer Infrastruktur im Wert von rund 50 Mio. Dollar (CDN) daher. Und tatsächlich wurden auf dem Lawyers-Projekt historisch bereits Gold und Silber abgebaut, genauer gesagt 171.000 Unzen Gold und 3,7 Mio. Unzen Silber. Das Benchmark-Management glaubt, mit modernen Explorationsmethoden eine signifikante Lagerstätte nachweisen zu können. Intern (so auch in der Unternehmenspräsentation auf der Webseite) spricht man schon jetzt von 2 Mio. Unzen Gold und rund 20 Mio. Unzen Silber Potenzial.
Bonanza-Turbo I: Die Gelegenheit ist jetzt da! | wallstreet-online.de - Vollständiger Artikel unter:
https://www.wallstreet-online.de/nachricht/...-turbo-i-gelegenheit-da
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