Benchmark Metals to Update Gold Resource in British Columbia

Benchmark Metals Inc. is preparing to update the estimated size of its gold resource on northern Vancouver Island and release a preliminary economic assessment (PEA) by early 2022. The company is currently undertaking a 100,000-meter drilling program on its property in British Columbia.

The current resource estimate is expected to be released in early 2022, immediately followed by the PEA, which will provide an initial evaluation of the project's economic viability. The company owns a large property where the existing deposit is situated.

Benchmark Metals states it is well-funded and has solid institutional investors. This funding is intended to support the continuation of its program and the further development of its resources. The company recently participated in the virtual Mines and Money London 2021 event, where President Jim Greig provided an interview.

The deposit on northern Vancouver Island is crucial for the company's advancement. The updated resource figures and the PEA represent significant steps forward as the company works to advance the project towards potential production.