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PRESS RELEASE: Benchmark Reports 108.36 g/t Gold and 911.2 g/t Silver over 7 Metres from New Exploration Target Area

| Quelle: Dow Jones Newsw... | Lesedauer etwa 7 min. | Text vorlesen Stop Pause Fortsetzen


DGAP-News: Benchmark Metals Inc. / Key word(s): Miscellaneous
Benchmark Reports 108.36 g/t Gold and 911.2 g/t Silver over 7 Metres from New
Exploration Target Area

2019-06-14 / 22:08
The issuer is solely responsible for the content of this announcement.

Edmonton, Alberta(Newsfile Corp. - June 14, 2019) - *Benchmark Metals Inc.*
(TSXV: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X) (the "*Company*" or "*Benchmark*")
is pleased to provide drilling plans and historical results at the Amethyst
Gold Breccia Zone (AGB), situated within the regional Lawyers Trend. Selected
historical high-grade drilling intersected *108.36 g/t gold* and *911.2 g/t
silver* over *7 metres (*DDH81AS43) core length and *6.96 g/t gold* and
*254.70 g/t silver* over *57.9 metres *(DDH82AS16) core length. The Lawyers
Project is situated in the Stikine Terrane of northern British Columbia,
Canada, and falls within the prolific, mineral endowed 'Golden Horseshoe'
(see May 30 news release [1]).

Selected historical drilling intercepts and trench results at the AGB zone
include:

High-grade drilling intercepts:

? DDH81AS43* intersected *108.36 g/t gold* and *911.20 g/t silver* over *7
metres*; and

? DDH85AU17-2* intersected *26.9 g/t gold* and *220.08 g/t silver* over *12
metres*.

High-grade, long drilling intercepts:

? DDH82AS16* intersected *6.96 g/t gold* and *254.70 g/t silver* over *57.9
metres*;

? DDH82AS17* intersected *4.06 g/t gold* and *409.06 g/t silver* over *40.9
metres*; and

Bulk tonnage drilling intercepts (see Figure 2 Section Map):

? DDH82AS14* intersected *2.27 g/t gold* and *238.96 g/t silver* over *25.7
metres*;

? DDH82AU16* intersected *3.78 g/t gold* and *82.4 g/t silver* over *35
metres*,

? DDH80-18 intersected *2.02 g/t gold* and *123.77 g/t silver *over *30
metres*.

_*The AGB Zone was mined between 1989-1992 and the areas where these
intercepts occur may have been mined._

Selected Trench Channel Sample Composites:

? *5.12 g/t gold* and *20.79 g/t silver* over *27.03 metres*

The historical results presented above, including those recently reported
(see May 31 [2] and June 4 [3] news release) and displayed on Figure 2 show
that within the region of historical production the mineralization remains
open at depth and along strike, with high-grade historical intercepts from
the deepest drill hole of this section returning *3.78 g/t gold* and *82.4
g/t silver* over *35 metres* core length. Based on limited information from
historical mine level plans and ore block models, the historical workings
extend for 230m along strike and 200m depth from surface. However, drilling
and mineralization extend beyond this to the south, for a total strike length
of 400m, suggesting there is potential for additional infill drilling and
resource expansion.

Additionally, mineralization was intersected in DDH80-18 returning 2.2 g/t
gold and 123.89 g/t silver over 30 metres core length along a parallel
mineralized structure occurring to the east of the main AGB zone, beyond the
majority of the historical drilling, and beyond the footprint of the
historically mined area.

The surface expression of the mineralized system can be traced to the north,
south, and east, beyond the existing drilling, defined by large gold-in-soil
anomalies, selective rock grab samples up to 22.20 g/t gold and 80.90 g/t
silver, and selected composite trench channel sample results up to 5.13 g/t
gold and 20.79 g/t silver over 27.03 metres. These results are situated
within a zone of pervasive potassic alteration resulting in a large, +1 km2
radiometric anomaly that is coincident with the known mineralization. The
anomaly continues to the north and to the south of AGB, across the valley
towards Dukes Ridge and Phoenix zones and remains untested.

The 2019 drilling program for the AGB Zone will begin by focusing on step-out
and deeper drilling targeting mineralization where the geochemistry, potassic
alteration and geophysical anomalies indicate a total signature length of
+500 metres (see Figure #1). In addition, the limited historical drilling to
the east of the main zone, as well as a large historic soil anomaly to the
east, suggest there is potential for a significant parallel lode.

A historical estimate from Wright (1985) defined a proven reserve at AGB of
452,600 tonnes grading 8.321 g/t Au and 263.5 g/t Ag, with limited production
occurring between 1989-1992. The potential quantity and grade stated above
constitutes a historical estimate, parts of which have been mined, and is not
to be relied upon. A qualified person has not completed sufficient work to
classify the historical estimate as current mineral resources or mineral
reserves, and therefore Benchmark is not treating the historical estimate as
current mineral resources or mineral reserves.

*Figure #1 - Plan Map*

The plan map provides drill targets across the AGB Zone with selected drill
results, geochemistry and surface sampling over K-radiometric geophysics.

[4]

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6169/45631_89942c5fc401aa09_001full.jpg
[4]

*Figure #2 - Map Section*

The Map Section shows an area that was partially mined but remains open as
indicated by drilling.

[5]

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6169/45631_89942c5fc401aa09_002full.jpg
[5]

The technical content of this news release has been reviewed and approved by
Michael Dufresne, M.Sc., P.Geol., P.Geo., a qualified person as defined by
National Instrument 43-101.

*Benchmark completes flow-through financing*

Further to the news release of May 28, 2019, the Company is pleased to
announce the third and final closing of its financing announced on April 26,
2019, of 468,000 flow-through shares at a price of $0.22 per share for gross
proceeds of $102,960 (the "Offering"). The securities for the Offering will
bear legends restricting resale until October 11, 2019.

*About Benchmark Metals Inc.*

Benchmark is a Canadian mineral 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 Tradegate Exchange in Europe. 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@BNCHmetals.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.

This news release may contain certain "forward looking statements".
Forward-looking statements involve known and unknown risks, uncertainties,
assumptions and other factors that may cause the actual results, performance
or achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Any forward-looking statement speaks only as of
the date of this news release and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future
events or results or otherwise.

To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/45631 [6]

Click on, or paste the following link into your web browser,to view the
associated documents http://www.newsfilecorp.com/release/45631

2019-06-14 Dissemination of a Corporate News, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Benchmark Metals Inc.

Canada
ISIN: CA08162A1049
EQS News ID: 825223

End of News DGAP News Service

825223 2019-06-14


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(END) Dow Jones Newswires

June 14, 2019 16:08 ET ( 20:08 GMT)
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