Benjamin Hill files 43-101 technical report for the Benjamin Hill property
VANCOUVER, British Columbia, September 14, 2021 (GLOBE NEWSWIRE) – Benjamin Hill Mining Corp. (CSE: BNN) (OTCBB: BNNHF) (“BHM” or the “Company”) is pleased to announce that on September 14, 2021, it filed on SEDAR a NI 43-101 compliant technical report (the “Technical Report”) entitled: “NI 43-101 Technical Report on the Benjamin Hill Property” including the Sonora Gold and Sonora Copper Concessions in Sonora State, Mexico. The effective date of the report is July 25, 2021. The report summarizes the geological setting, mineralization and exploration activities carried out by Benjamin Hill Mining Corp on the Benjamin Hill property over the past year.
The Benjamin Hill project is home to a large hydrothermal system enriched in Au, Ag and Cu which is exposed at the surface. The mineralization occurs in the form of sets of vein systems, hydrothermal breccia, stockworks, sheet veins, skarn pendants and orogenic quartz zones, forming a geologically promising zone of more than 6 kilometers in length with a general north-south direction and a mineralization width of up to 800 meters, with a set of well-defined vein breccias with a disseminated intermediate presence of mineralization. In addition, the presence of a large hydrothermal system at the surface and the associated geotectonic characteristics are promising for a Cu-Au porphyry system at depth.
The 6000ha property is divided into eight exploration zones, six of which are currently active:
Caracahui The region has two historic mines called the Caracahui and Corralitos galleries. These galleries produced the highest gold values in the rock chip samples;
Caracahui North the area contains outcrop specularite veins and is home to the historic San Jorge mine which produced anomalous gold concentrations in chip samples;
Sonora Copper The area contains both the Sonoran Copper Gallery, which is the largest and most developed of all of the property’s historic mines, and two other galleries, the Cascabel and Guadalupe Galleries, which follow the same mineralized structure as the gallery. copper Sonora. The area contains another main mineralized structure in addition to the Sonoran copper vein, known as the Saguaro vein, which houses a vertical well named Las Llantas. This gallery will be explored further once the underground security measures have been initiated;
The Falsa the area contains a stockwork structure which has historically dosed high values of gold, silver and copper;
La Berrenda The area contains a historic mine noted by the Geological Survey of Mexico (SGM). The area also exhibited high Au and Cu values detected in stream sediment samples.
Analytical results from mineralization and hydrothermal halos identified zones enriched in gold, as well as enrichment in copper, lead, zinc, silver, barium, bismuth and antimony. A stream sediment sampling program has shown that the metallic dispersion due to erosion is relatively low. The low erosive dispersion of metals facilitates the detection of in situ mineralization on the property. High concentrations of certain elements such as molybdenum, copper, gold and bismuth suggest the proximity of an undiscovered fertile pluton.
Microthermometric analyzes of mineralized rock samples have shown that mineral deposits exhibit physico-chemical characteristics of epithermal mineralization. In addition, the physicochemical parameters suggest both shallow and deep boiling; fluid mixtures within the deposits and varying degrees of exhumation and erosion, indicating the probable continuity of the hydrothermal system at depth. The distribution, mineralogy, physicochemical and physical characteristics of the mineralized structures observed on the property and the concomitant hydrothermal alteration, as well as an underlying magnetic anomaly imply that a fertile buried calc-alkaline plutonic complex greatly contributed the development of hydrothermal alteration and mineralization on the Benjamin Hill property.
The technical report recommends:
Completion of mapping and sampling in the regions of Caracahui, La Salada, Caracahui North and Sonora Copper;
Mapping and sampling of the Cascabel and Guadalupe galleries;
Target sampling for petrography and analysis of polished thin sections;
Dating studies of plutonic rocks (U-Pb ablation on zircons);
Prospecting for new geochemical targets (La Falsa, San Felix and La Berrenda);
Underground rock chip sampling on the main Sonoran copper structure (vein);
Advance most promising mineral occurrences by diamond drilling.
The report was prepared by Mr. Lorne Warner, P.Geo. of Geocon Enterprises Inc., an independent geological consulting firm. Mr. Warner approves the release of NI 43-101 Technical Report and agrees with the contents of this press release.
Greg Bronson, President states, “Completing the technical report on the Benjamin Hill property ahead of our inaugural drilling program, which is scheduled to begin this fall, is an important step in our quest for a multi-million ounce gold deposit. The Benjamin Hill property is home to large areas of strong surface gold mineralization that extend over a continuous length of up to 6 km and can reach widths of up to 800 meters. Our work to date on the property has revealed very impressive gold values in this 6,000 ha property still to be drilled ”,
Greg Bronson, P.Geo., President and Director of the Company is a Qualified Person within the meaning of National Instrument 43-101 and has reviewed and approved the scientific and technical disclosure contained in this press release.
The technical report has been prepared in accordance with National Instrument 43-101 of the Canadian Securities Administrators, Disclosure Standards for Mining Projects; and can be viewed under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at www.benjaminhillmining.com.
About Benjamin Hill Mining Corp.
Benjamin Hill Mining Corp. is a junior gold exploration company listed in Canada focused on exploration and project development in Mexico. The Company’s Benjamin Hill gold project covers 6,000 ha of highly promising mineral claims along the Mojave Fault in the Sierra Madre gold belt of Sonora, Mexico, near Magna Gold Corp’s San Francisco mine.
On behalf of the board of directors
“Cole McClay”, CEO of Benjamin Hill Mining Corp.
Some of the statements made and information contained in this document may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, without limitation, information regarding 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 as of the date the information is made, and is based on a number of assumptions and is 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 some regulatory bodies). Many of these assumptions are based on factors and events beyond the control of the Company and there can be no assurance that 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 assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change, except as required by applicable securities laws, or to comment on any analyzes, expectations or statements made. by third parties with regard to the Company, its operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We seek refuge.
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