Stallion Gold Property
Contiguous to Benchmark Metals “Lawyers” Au/Ag
The “Stallion Project,” in British Columbia’s famous Golden Horseshoe region, is contiguous to Benchmark Metals Inc.’s Lawyers gold and silver project. The Lawyers project has reported core length intervals from drill intercepts of 2,360 grams per tonne (g/t) silver and 11.30 g/t gold over one metre, 1.16 g/t gold and 22.24 g/t silver or 1.44 g/t gold equivalent across 102.00 metres , as well as 30.63 metres of 2.05 g/t gold and 107.07 g/t silver or 3.39 g/t gold equivalent (see news releases, 2020-02-11, 2020-01-31 and 2020-10-06). Goldcore’s Stallion property is contiguous with Benchmarks southernmost claim border (see map below).
Green Battery’s Stallion property is accessible by an existing short extension of the all-season OminecaRoad to Resources which services the Kemess mine and supports parallel hydro-electric power. Stallion covers over 30 km² and is on regional trend with several past producing mines such as Baker, Shasta and the world class Kemess Mine. Management cautions that mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s properties.
The Stallion property is located in the northeastern region of the prolifically metal-endowed Stikinia geological terrane. Magmatic events in Stikinia during the Late Triassic and Early Jurassic were the driving source for the development of mineralizing porphyry and epithermal systems. The Stallion project is in a proven and profitable mining jurisdiction called the Golden Horseshoe, and is only 28 km northwest of the past producing world class Kemess gold-copper mine. The Golden Horseshoe provides a visual context for the mines, discoveries and common geology of the Golden Triangle and Toodoggone regions of northern BC, which forms an enriched metalliferous arch that includes the Stikinia and Quesnellia terranes.
Benchmark recently completed an oversubscribed financing raising over $50-million (see Benchmark news release of September 30th, 2020). Proceeds from that financing will be used to extend and expand the 2020 drill program to 100,000 metres and a planned 2021 200,000 metre drill program as well as prepare for a resource estimate and preliminary economic assessment early in 2021.