- Write by:
-
Thursday, April 11, 2019 - 7:25:52 PM
-
875 Visit
-
Print
Mining News Pro - Benchmark Metals Inc. (TSXV: BNCH)`s stock jumped at the open after the company released additional assay results from its Lawyer`s gold and silver project. Investor reaction to these results was felt early, pushing Benchmark shares up over 10% for a market capitalization of over $8 million.
According to Mining News Pro - The Lawyer`s project is located in the Toodoggone Mineral District, on the eastern extent of the Stikine Terrane that hosts the Golden Triangle region of British Columbia.
According the company`s press release, one drill hole assayed 1.58 g/t gold and 40.20 g/t silver across 58.24m with sampling ending in mineralization. Another hole intercepted 0.77 g/t gold and 32.93 g/t silver across 87.60m (including historic and new assays), further expanding the resource potential and leaving it open at depth.
"Successful first-time sampling of unpublished historic drill-holes has generated more bulk-tonnage and high-grade gold and silver drill intercepts," CEO John Williamson said the statement.
The drill-holes show the resource potential at Cliff Creek and Dukes Ridge extends from surface and remains open on strike, in width and at depth along the Lawyers Trend.
"We continue to identify widespread gold and silver in parallel zones as well as around the main high grade zones that may be characteristic of a bulk tonnage deposit. All new assay results from the 2018 program will significantly impact the resource potential and provide targets for expansion in the 2019 drill program," Williamson added.
Short Link:
https://www.miningnews.ir/En/News/356751
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant ...
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Representatives from the Peñas Negras Indigenous community, in northwestern Argentina, clashed with heavily armed police ...
Newmont confirmed on Wednesday that two members of its workforce died this week at the Cerro Negro mine located in the ...
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing ...
Outflows from global physically backed gold exchange traded funds (ETFs) continued for a 10th month in March, but at a ...
i-80 Gold fell by over 11% at market open Tuesday following its announcement of a C$100 million ($74m) public offering ...
Australia’s Westgold Resources said on Monday it had agreed to acquire Toronto-listed Karora Resources in a ...
Chinese coal prices are likely to keep falling until the start of the peak summer season, suppressing imports of the ...
No comments have been posted yet ...