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Benchmark's Serious 50,000-Meter Drill Program

Streetwise Reports, Streetwise Reports
0 Comments| June 18, 2020

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We are in a depression. Don't let the idiots buying Tesla at a new high and pumping money into bankrupt Hertz lead you into believing we are in some new economic paradigm. We aren't.

The crash will resume soon and some day shortly down the road Americans are going to be presented a bill for the orgy of money hurling being done by the Fed. The butcher's bill will be paid. At that time the only shares with any real value will be that of resource companies.

Benchmark Metals Inc. (BNCH:TSX.V; CYRTF:OTCQB) understands the issue and after raising $24 million from Eric Sprott and half a dozen with-it institutions is ready to get serious about advancing their prime gold project in the Golden Horseshoe region of northern BC.

Their drill plans call for 50,000 meters of drilling from five drills with drilling starting in July and continuing until October. There will be a lot of news being released starting in August through January.

Past drill results have been exceptional with results of 108.0 g/t Au and 91 g/t Ag over 7.0 meters and 33.53 meters of 5.76 g/t Au and 128.65 g/t Ag. It's a bulk tonnage target at Lawyer's with some high-grade hits. Benchmark is targeting up to 2 million ounces of gold with an updated 43-101 and PEA due in 2021.

The 2020 program is fully funded as BNCH intends to fast track to production. The Lawyer's camp has produced 171,000 ounces of gold and 3.7 million ounces of silver in past production. With civil disorder becoming the issue of the day, Benchmark is in the safest jurisdiction in the world. Their existing infrastructure would cost $50 million to replace while the company has over $11 million in cash and a tiny market cap of about $42 million.

Benchmark is an advertiser; I have bought shares in the open market and as such am biased. They do a great job of communication and potential investors should pour through their company presentation.

Benchmark Metals Inc
BNCH-V $0.365 (Jun 17, 2020)
CYRTF-OTCBB 113.8 million shares
Benchmark Metals website.

Bob Moriarty
President: 321gold

Bob Moriarty founded, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 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.

1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Benchmark Metals. Benchmark Metals is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector.
2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases.

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