Higher-grade intervals include assays such as 1.1 metres of 185 g/t gold and 104 g/t silver (186.3 g/t gold-equivalent) starting at 372 metres and 0.8 metres of 33.6 g/t gold and 1,190 g/t silver (48.48 g/t gold-equivalent) from 421.2 metres.
In the brief, CEO John Williamson highlighted how Cliff Creek South shows potential for both open pit and underground resources.
“The Cliff Creek South (CCS) area continues to yield broad zones of bulk tonnage delivering the potential for open pit mining at surface. In addition, CCS is providing similarities to the Cliff Creek North zone with high-grade intervals at depth, demonstrating potential for future underground mining opportunities.”
The overall Cliff Creek zone is 1.2 km long and, with CCS, includes three sub-areas (Cliff Creek North, Cliff Creek Mid).
In 2018, Benchmark released an initial inferred resource for the Cliff Creek North and Dukes Ridge zones at Lawyers: Cliff Creek North features 550,000 inferred tonnes, grading 4.51 g/t gold and 209.15 g/t silver, with an additional 58,000 inferred tonnes at Dukes Ridge, at 4.3 g/t gold and 139.13 g/t silver.
Benchmark Metals opened 6% up Wednesday, affording the company a C$220 million market capitalization on the Toronto Venture Exchange.
(This article first appeared in the Canadian Mining Journal)