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Benz Mining Corp V.BZ

Alternate Symbol(s):  BENZF

Benz Mining Corp. is a Canada-based focused gold exploration company. The Company is engaged in the acquisition, exploration and exploitation of mineral properties located in Canada. The Company’s projects include Eastmain Gold, Ruby Hill West Lithium, and Windy Mountain. The Eastmain gold project is located in the Upper Eastmain Greenstone belt, 320 kilometers (km) northwest of Chibougamau and 800 km North of Montreal. The property covers 8,000 hectares (ha), consists of 152 mineral claims and one industrial lease permit. The Ruby Hill West Lithium project is a surface occurrence of spodumene bearing pegmatite within the Ruby Hill West project, located 50km due west of the Company’s Eastmain exploration camp. The Company owns 78 claims on the Windy Mountain property, covering 4,109.7 hectares (41.10 square kilometers).


TSXV:BZ - Post by User

Post by Goldnboy1on Oct 25, 2020 2:52am
377 Views
Post# 31777811

Big week!

Big week!

Financing expected to close on or around October 29. Otherwise known as Thursday this week. 

Company should have $17-$20M in funding for exploration and operations following this raise. 

This treasury is likely greater than the treasury spent at Eastmain in the past twenty five years combined, let alone one single year. 

Benz needs to spend this capital in twelve months or less. If they don't, they lose the tax credits on the company side. So this program appears as though it's about to get seriously aggressive. Wonder who is backing. This raise doesn't feel entry level. 

Keep an eye on this one. Could get very green if ASX listing comes along with the funding close!

Looking forward to this week!!
 

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