| Announcement Date: | 2022-08-16 |
|---|---|
| Announcement Type: | PEA |
| Announcement Code: | NI43-101 |
| Company name: | Benchmark Metals Inc. |
| Project name: | Lawyers |
| Location: | Canada |
| Commodities: | Gold,Silver |
| Highlight: | PEA results incl. post-tax NPV (5%) of C$577M & IRR of 23.5% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Vancouver, British Columbia–(Newsfile Corp. – August 16, 2022) – Benchmark Metals Inc. (TSXV: BNCH) (OTCQX: BNCHF) (WKN: A2JM2X) (the “Company” or “Benchmark”) is pleased to report the completion of a Preliminary Economic Assessment (“PEA”) on the Lawyers Gold-Silver Project (the “Project”) located within a road accessible region of the prolific Golden Horseshoe area of north-central British Columbia, Canada. The PEA presents a robust open pit mining operation with attractive economics at base case gold and silver prices. The PEA considers a conventional truck and shovel open-pit mining operation, with common equipment sizing, covering the Cliff Creek (“CC”), Dukes Ridge (included in CC), and AGB pits, feeding a 10,600 tonnes per day industry standard processing plant with two-stage crushing, grinding, whole-ore leach and a Merrill Crowe recovery circuit, with production of gold-silver doré bullion on site. The PEA is based on an update of the mineral resource estimate announced by the Company on June 11, 2022 press release. The PEA was prepared by JDS Energy and Mining Inc. (“JDS”) of Vancouver, British Columbia, Canada. |
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