(Kitco News) - On Monday, Benchmark Metals (TSXV: BNCH) announced a significant increase to its global bulk-tonnage mineral resource estimate for its flagship Lawyers gold-silver project, located in British Columbia, Canada.
According to the company’s statement, overall gold ounces at Lawyers increased by 44%, while gold ounces in the Measured & Indicated classification increased by 77%.
The company said that the updated Indicated Mineral Resource amounted to 3.14 million ounces grading 1.45 grams per tonne (g/t) gold equivalent (AuEq), and
Inferred Mineral Resource amounted to 415,000 ounces grading 2.63 g/t AuEq.
Importantly, the company noted that all of the zones remain open for further expansion, adding that the project holds multiple satellite targets for discoveries and additional gold-silver mineralization.
Benchmark also pointed out that the updated mineral resource estimate will form the basis of a preliminary economic assessment to be completed in Q3 2022.
CEO John Williamson commented, "The expanded mineral resource estimate is demonstrating the world-class potential of Benchmark's multi-million-ounce gold-silver deposits. The company has provided one of the highest-grade, open pitable mining projects in North America. With the deposits open, further resource growth is possible and the project has numerous targets that may develop into near mine satellite deposits."
Benchmark Metals is a Canadian based gold and silver exploration and development company advancing its 100% owned Lawyer's gold-silver project located in the prolific Golden Horseshoe of northern British Columbia, Canada.
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