Benchmark Metals Inc. (BNCH:TSX.V; CYRTF:OTCQB) just completed a $48 million financing. It will fund an increase in their 2020 drill program from 50,000 meters to 100,000 meters. In addition the company plans a 200,000-meter drill program for 2021. Wow. I'd say they are getting serious. Investors noticed, running the shares up 400% in the past two months.
I was talking about Benchmark 18 months ago when the shares were puttering along at $0.185. The shares are up 700% since then. The company does an excellent job of communication and the 100,000 meters of new drilling on the +20 km Lawyers gold/silver trend will generate results on a constant basis.
Their latest news release reported a surface sample of 61.3 g/t gold and 3,890 g/t Ag. That is $7,300 rock. There is a lot more of it up there. Benchmark keeps reporting excellent results and will for the next 18 months.
Look for the market to actually value Benchmark for what they obviously have in hand.
I have bought shares in the open market and participated in private placements with Benchmark. They are an advertiser so naturally I am biased. I highly encourage potential investor go through their excellent presentation. Do your own due diligence.
Benchmark Metals Inc
BNCH-V $1.48 (Aug 28, 2020)
CYRTF-OTCQB 120.9 million shares
Benchmark Metals website
Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records.[NLINSERT]
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