Australia markets closed
  • ALL ORDS

    7,674.20
    +54.00 (+0.71%)
     
  • ASX 200

    7,362.00
    +50.30 (+0.69%)
     
  • AUD/USD

    0.7425
    +0.0004 (+0.06%)
     
  • OIL

    82.66
    +1.35 (+1.66%)
     
  • GOLD

    1,768.10
    -29.80 (-1.66%)
     
  • BTC-AUD

    82,395.33
    +4,420.20 (+5.67%)
     
  • CMC Crypto 200

    1,464.06
    +57.32 (+4.07%)
     
  • AUD/EUR

    0.6396
    +0.0002 (+0.03%)
     
  • AUD/NZD

    1.0486
    -0.0054 (-0.52%)
     
  • NZX 50

    13,012.19
    -36.30 (-0.28%)
     
  • NASDAQ

    15,146.92
    +94.50 (+0.63%)
     
  • FTSE

    7,234.03
    +26.32 (+0.37%)
     
  • Dow Jones

    35,294.76
    +382.20 (+1.09%)
     
  • DAX

    15,587.36
    +124.64 (+0.81%)
     
  • Hang Seng

    25,330.96
    +368.37 (+1.48%)
     
  • NIKKEI 225

    29,068.63
    +517.70 (+1.81%)
     

Benjamin Hill Updates on Expanded Continuity of Mineralization in Caracahui Area

  • Oops!
    Something went wrong.
    Please try again later.
·7-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

VANCOUVER, British Columbia, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Benjamin Hill Mining Corp. (CSE: BNN) (OTCBB: BNNHF) (“BHM” or the “Company”) Benjamin Hill Mining Corp. is pleased to announce new assay results from the Benjamin Hill property showcasing high grade mineralization on the western side of the Sonora Gold concession. Recent analytical results from a hereto unsampled skarn outcrop between mineralized vein structures assayed up to 15.9 g/t Au. Additional samples assayed up to 1.7 g/t Au were collected to the east on a newly discovered mineralized structure and returned silver values that exceeded detection limits of 200 g/t. Previous samples taken around the midpoint of the vein system have assayed as high as 31.4 g/t Au. The Caracahui mineralized vein structures, which lie adjacent to the historical Caracahui mine, can be traced for over 3 km strike length. A swarm of mineralized vein structures located west of the main vein structure extends over 3.6 km in length with up to 800m in width of potential mineralized area. (Figure 1 & 2 and Table 1 & 2).

Sergio Trelles-Monge, Special Geological Advisor in Mexico for Benjamin Mining Corp. states: “Caracahui is the central part of our property, and we’re always happy to see the expansion of the widths and lengths of disseminated and concentrated mineralization. Work is still taking place to produce more exploration targets, and thanks to the great work of our field team, magnificent results like the recent assays have been achieved. With this expansion to one of our most interesting areas the mineral potential at depth of this vein system is getting more exciting and is an obvious target for drill testing. The economic value of the disseminated mineralization in the area between well-defined structures has also become an important study subject in extending the known mineralization of the Caracahui area.”

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Image 1: 1. Looking south from Corralito structure, Caracahui area. Values as high as 8.5 g/t Au, over 200 g/t Ag, and 2.4% Cu. 2. Detail of Caracahui Mineralized structure with high grade Au content (8.4 g/t). 3. BNN geologists sampling a mineralized outcrop.
Image 1: 1. Looking south from Corralito structure, Caracahui area. Values as high as 8.5 g/t Au, over 200 g/t Ag, and 2.4% Cu. 2. Detail of Caracahui Mineralized structure with high grade Au content (8.4 g/t). 3. BNN geologists sampling a mineralized outcrop.
  1. Looking south from Corralito structure, Caracahui area. Values as high as 8.5 g/t Au, over 200 g/t Ag, and 2.4% Cu.

  2. Detail of Caracahui Mineralized structure with high grade Au content (8.4 g/t).

  3. BNN geologists sampling a mineralized outcrop.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Figure 1: Gold Assay Map from the Caracahui N (El Fierro) sampling program.
Figure 1: Gold Assay Map from the Caracahui N (El Fierro) sampling program.

Gold Assay Map from the Caracahui N (El Fierro) sampling program.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Figure 2: Silver Assay Map from the Caracahui N (El Fierro) sampling program.
Figure 2: Silver Assay Map from the Caracahui N (El Fierro) sampling program.


Silver Assay Map from the Caracahui N (El Fierro) sampling program.

Sample

East

North

Certificate

Au Eq g/t

Au g/t

Cu %

Ag g/t

LW-804

495,574

3,345,411

HMS21000067

33.5

31.4

1.0

158.1

GPM-0676

495,578

3,345,330

HMS20001148

16.4

16.2

0.0

16.5

2696

495,812

3,346,680

HMS21000560

15.9

15.9

0.4

2.6

GPM-0682

495,569

3,345,405

HMS20001148

17.0

15.1

0.5

139.1

950

495,187

3,344,344

HMS21000270

8.8

8.8

0.0

1.8

885

495,344

3,344,635

HMS21000270

8.8

8.5

1.3

17.6

GPM-0573

495,249

3,344,307

HMS20001148

8.4

8.3

0.0

5.4

1582

494,946

3,343,607

HMS21000326

8.0

7.5

0.0

33.6

GPM-0677

495,570

3,345,318

HMS20001148

7.5

7.4

0.1

13.2

1484

495,454

3,344,904

HMS21000309

6.6

6.4

0.0

11.2

GPM-0579

495,187

3,344,230

HMS20001148

6.4

6.2

0.0

16.1

895

495,939

3,345,228

HMS21000270

6.7

6.0

1.9

57.6

1595

495,733

3,345,097

HMS21000349

5.9

5.6

0.2

18.4

1581

494,963

3,343,618

HMS21000326

6.3

4.8

1.2

108.7

GPM-0688

495,505

3,345,308

HMS20001148

4.9

4.6

0.0

24.9

927

495,494

3,344,531

HMS21000395

4.8

4.5

0.2

21.9

1846

495,760

3,345,615

HMS21000395

4.7

4.5

0.2

12.4

1070

495,197

3,344,250

HMS21000297

4.7

4.5

0.0

14.7

889

495,386

3,344,703

HMS21000297

4.6

4.5

0.2

7.1

930

495,434

3,344,507

HMS21000297

5.2

4.1

1.7

83.4

Table 1. Gold assay highlights from Caracahui N (El Fierro) Area

Sample

East

North

Certificate

Ag g/t

Au g/t

Au Eq g/t

882

495309.5

3344575

HMS21000270

> 200.0

0.7

3.42

2853

496118.4

3345758

HMS21000600

172.5

0.2

2.48

LW-804

495573.6

3345411

HMS21000067

158.1

31.4

33.51

2715

495424.7

3345393

HMS21000560

140.1

0.5

2.32

GPM-0682

495568.6

3345405

HMS20001148

139.1

15.1

16.95

919

495562.5

3344605

HMS21000651

118.5

0.5

2.07

918

495548.2

3344604

HMS21000716

114

1.5

3.07

929

495456.4

3344513

HMS21000651

110.4

2.8

4.28

928

495480.8

3344523

HMS21000270

109.7

2.6

4.05

1581

494963

3343618

HMS21000270

108.7

4.8

6.27

LW-803

495506.9

3345308

HMS21000270

94

3.3

4.54

2717

495402.3

3345402

HMS21000560

91.2

0.4

1.65

956

495145

3344010

HMS21000716

89.8

2.4

3.59

1821

495679.4

3345493

HMS21000270

85.7

2.1

3.26

930

495434

3344507

HMS21000395

83.4

4.1

5.21

2469

495958.5

3344427

HMS21000668

79.7

0.1

1.13

917

495532.3

3344604

HMS21000270

77.2

2.2

3.2

923

495630.1

3344567

HMS21000512

76.5

0.6

1.67

GPM-0115

495407

3345342

HMS21000270

75.2

0.5

1.46

905

495466.7

3344826

HMS21000270

73.8

2.4

3.38

Table 2. Silver assay highlights from the Caracahui Area

Quality Assurance/Quality Control
All rock samples were selected by a BHM geologist. Sample tags were placed into each bag before being sealed and stored at the company field office in a secure area and were later transported by company truck directly to the Bureau Veritas Mineral Laboratories (BVM) in Hermosillo, Sonora, Mexico. At the laboratory, the samples were dried, crushed and pulverized with the pulps being sent airfreight for analysis to BVM in Vancouver, B.C. for 45-element ICP-MS analysis after modified 4-acid aqua regia digestion. Gold assays are determined by 30-gram fire assay fusion with an ICP-ES finish. Copper assays that initially ran above 10,000ppm were rerun using ICP-ES analysis to obtain accurate assay values.

Both Hermosillo and Vancouver BVM facilities are ISO 9001 and ISO/IEC 17025 accredited. Laboratory control samples comprising certified reference samples, duplicates and blank samples were inserted by the laboratory into the sample stream and analyzed as part of the quality assurance/quality control protocol.

About Benjamin Hill Mining Corp.
Benjamin Hill Mining Corp. is a Canadian-listed junior gold exploration company focused on exploring and developing projects in Mexico. The Company’s Sonora Gold project covers 6,000 ha of highly prospective mineral concessions in the Caborca gold belt of Sonora, Mexico in close proximity to Magna Gold Corp’s San Francisco mine.

Qualified Person
Greg Bronson, P.Geo, President and Director of the Company is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure in this news release.

On behalf of the Board of Directors
“Cole McClay”, CEO Benjamin Hill Mining Corp.
info@benjaminhillmining.com
www.benjaminhillmining.com

Forward Looking Statements
Certain of the statements made and information contained herein may contain forward- looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information concerning the Company's intentions with respect to the development of its mineral properties. Forward-looking information is based on the views, opinions, intentions and estimates of management at the date the information is made, and is based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated or projected in the forward-looking information (including the actions of other parties who have agreed to do certain things and the approval of certain regulatory bodies). Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws, or to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We seek safe harbour.


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting