Benjamin Hill Mining Announces Drill Test Targets at Alotta Project in Yukon


Vancouver, British Columbia – (Newsfile Corp. – April 18, 2024) – Benjamin Hill Mining Corp. (CSE: BNN) (OTCQB: BNNHF) (FWB: 5YZ0) (“BNN” or the “Pursue“) is pleased to announce that the Company has prioritized initial targets for drill testing this spring on the Alotta Project. Currently, the Company proposes to complete up to 5 drill holes totaling 2,500 meters as the Project continues Fall 2023 diamond drilling program paused in November for the winter season.

The proposed drill holes will focus on several high priority and untested coincident geochemical/geophysical anomalies along a four kilometer long trend. Archer Cathro and Benjamin Hill have prepared a preliminary drill plan for the 2024 Alotta field program to test porphyry mineralization on the property. The strategy aims to test the best drilling targets based on their performance. These areas are in closer proximity to the core area of ​​consistent soil and geophysical anomalies, with previous rock sampling confirming the presence of copper and gold mineralization.

Lorne Warner, President and P.Geo of Benjamin Hill, explains: “We are very optimistic that this year's drilling program will continue or exceed last year's drilling results. In 2023, we initiated the first-ever drilling program on the property and completed two drill holes that resulted in the discovery of porphyry gold, copper and molybdenum mineralization.”

Exploration of payout and severance pay zones

The two main targets on the property are the Payout and Severance Zones, located in the west-central and east-central portions of the property. These two zones contain significant surface mineralization, with highly anomalous gold, copper and molybdenum values ​​from rock and soil samples. These targets represent areas of the property with significant (>1 g/t gold) rock values ​​at surface.

A total of four holes are recommended for preliminary drilling to test surface mineralization and geophysical anomalies at depth. For both targets, the first hole is designed as a shallow angle hole to test the extent of mineralization directly beneath the prospective area, while the second is steeper to test deeper mineralization and corresponding chargeability/resistivity anomalies in the surrounding area.

Expansion of exploration to maintenance and commission goals

In a later phase of drilling, the Company must test two additional drill targets. The Alimony target is a significant 1,200 x 500 meter molybdenum-gold soil anomaly that coincides with overlapping chargeability and resistivity anomalies. In the eastern part of the property, the Commission target is defined by a 1,500 by 1,000 meter gold-copper-molybdenum soil anomaly consistent with a weak to moderate magnetic response. There is a well-defined resistivity anomaly consistent with highly anomalous gold and copper values ​​in the soil.

Junior Mining Networkillustration 1 Listed above are the priority targets on the Alotta property with potential for porphyry-style gold-copper-molybdenum mineralization. No drill testing was conducted in the target areas.

Two drill holes were completed on the property in November 2023, confirming the porphyry nature of the mineralization. As announced on February 24, 2024, hole ALT-23-01 intersected 211.65 meters of 0.46 gram/ton gold from the first diamond drill hole on the property.

Proximity to proven resources

The Alotta property consists of 96 mineral claims covering approximately 1,926 hectares and is located 50 km southeast of Western Copper and Gold's (TSX:WRN) Casino deposit. The Casino deposit is one of the most economical copper-gold mining projects in the world and is among the ten largest undeveloped copper-gold porphyry deposits in the world. In a sign of strong investor support in the region, Western Copper and Gold recently announced on April 16, 2024 that it has increased its public offering from $25 million to $40 million.

Junior Mining Network

Figure 2 Above is a historical view (February 2023) of the Casino deposit overlaid with non-glaciated, anomalous copper in soil geochemistry.

About Benjamin Hill Mining Corp.

Benjamin Hill Mining Corp. is a Canadian-listed junior exploration company focused on the exploration and advancement of the Alotta Project, a prospective porphyry copper-gold-molybdenum project located 50 km southeast of the Casino porphyry deposit in the unglaciated portion of the Dawson Range Porphyry /Epithermal belt in the Yukon Territory in Canada.

In addition, the Company holds a 40% interest in Aion Mining Corp., a company developing the fully permitted La Estrella coal project in Santander, Colombia. The project includes eight known seams of metallurgical and thermal coal.

On behalf of the board
“Cole McClay,” CEO Benjamin Hill Mining Corp.
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Forward-Looking Statements

Certain of the statements and information made herein may contain forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, information regarding the Company's intentions to develop its mineral properties. Forward-looking information is based on management's views, opinions, intentions and estimates as of the date the information is provided 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 materialize results expected 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 authorities). Many of these assumptions are based on factors and events beyond the Company's control and there is no guarantee 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 undertakes no obligation to update any forward-looking information if circumstances or management's estimates or opinions should change, except as required by applicable securities laws or as required by any third party analysis, expectations or statements with respect thereto to comment on the company, its financial condition or operating results or its securities. The reader is cautioned not to place undue reliance on forward-looking information. We're looking for a safe haven.