Benton Resources Inc. is pleased to announce that it has acquired a 100% interest in a project covering the Hele Intrusive complex in Northwestern Ontario, Canada, by staking 4 multi-cell mining claims totaling 1462 hectares. The new claims cover historical drill holes and geological mapping which identified a Midcontinent Rift-style intrusive complex as is located approximately 30km northeast of the TBN and Escape Lake [...]
Benton Resources Inc. is pleased to announce that it has acquired a 100% interest in a new project by staking 2 multi-cell mining claims totaling 845 hectares. The new claims cover an east-west magnetic high which extends from the Disraeli mafic-ultramafic intrusion, which is prospective for Midcontinent Rift-style , magmatic Ni-Cu-PGE mineralization. These new claims cover what could represent a conduit feeder zone [...]
Benton Resources Inc. is pleased to announce that it has acquired a 100% interest in a new platinum-palladium and base metal prospect by staking 8 multi-cell mining claims covering 3823 hectares. The new staking covers the west side of the Coldwell Complex near Marathon, Ontario. The Coldwell Complex is host to several Copper-PGE deposits or occurrences and has seen focussed PGE and copper exploration over the last 20 [...]
Benton Resources Inc. is pleased to announce that the Company has received its first anniversary option payment of $25,000 from Rio Tinto Exploration Canada for Baril Lake project . The Baril Lake project is situated approximately 4km west of Benton's Bark Lake project, also under option to RTEC , and 100km west along the major crustal-scale east-west oriented Quetico fault of the Escape Lake and TBN projects. While the [...]
Benton Resources Inc. and Regency Gold Corp. are pleased to announce that they have signed a definitive agreement whereby Regency has acquired an option to acquire a 100% right, title and interest in the Escape Lake Property , subject to a 1.0% net smelter return royalty to be retained by Rio Tinto Exploration Canada Inc. , from Benton with such Option to be conditional on Benton exercising its pre-existing option to [...]
Benton Resources Inc. is pleased to announce that the Company has closed its previously announced financing . The Company has raised aggregate proceeds of $217,627.50 by issuing 2,901,700 flow-through Units at $0.075 per FT Unit, each FT Unit consisting of one flow-through common share and one-half of one common share purchase warrant, each warrant being exercisable for one common share of the Company at $0.15 for a [...]
Benton Resources Inc. would like to update shareholders on the progress of the previously announced Regency Gold Corp. transaction . As per Benton's previous press release Benton, Regency and Panoramic Resources Ltd. have been diligently working toward executing definitive option agreements. It is anticipated that the various agreements to complete the Transaction will be fully executed in the coming days. Stephen Stares [...]
Benton Resources Inc. is pleased to announce that Panoramic Resources Inc. has agreed to extend the terms associated with the initial binding purchase agreement and amended binding purchase agreement for an additional 30 days to December 3, 2019 . Under the Transaction, Benton has agreed to acquire all of Panoramic's shares in its 100%-owned subsidiary, Panoramic PGMs Ltd. which holds the Thunder Bay North PGM Project for [...]
Benton Resources Inc. is pleased to announce that it has signed a binding option agreement with Maxtech Ventures Inc. pursuant to which MVT will have the option to earn up to a 100% interest in Benton's 100%-owned Panama gold project in the Red Lake Mining district, Ontario . Under the terms of the Option Agreement, subject to regulatory approval, Maxtech will be required to complete the following: Issue 2,000,000 Maxtech [...]
Regency Gold Corp. is pleased to announce that it has signed an arm's-length non-binding letter of intent dated October 11, 2019, with Benton Resources Inc. which sets out a proposed transaction pursuant to which Benton will grant Regency an option to acquire Benton's rights to acquire, under its pre-existing agreements with Rio Tinto Exploration Inc. and Panoramic Resources Inc., a 100% right, title and interest in the [...]
Benton Resources Inc. is pleased to announce that it has signed a letter of intent with Regency Gold Corp. which sets out a proposed transaction pursuant to which Regency will acquire from Benton an option to acquire the Company's rights to acquire, under its pre-existing agreements with Rio Tinto Exploration Inc. and Panoramic Resources Inc. , a 100% right, title and interest in the Escape Lake Property and the Thunder [...]
Benton Resources Inc. is pleased to announce that Rio Tinto Exploration Canada Inc. and the Company have agreed to terminate the purchase agreement signed on July 2, 2019 and replace it with an option agreement pursuant to which RTEC will grant Benton the option to acquire a 100% ownership interest in the Escape Lake property, subject to a 1% net smelter return royalty to be retained by RTEC, in exchange for payment of $6 [...]
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