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 November 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 letter of intent with Maxtech Ventures Inc. in which MVT will have the option to earn a 100% interest in Benton's 100%-owned Panama gold project in the Red Lake Mining district, Ontario. Pursuant to the terms of the BLOI, Maxtech will have a 30-day due diligence period and, subject to regulatory approval, will commit to the following: Issue [...]
Benton Resources Inc. announced today that it has amended the binding purchase agreement signed on July 2, 2019 with Panoramic Resources Inc. . Under the PAN Agreement, Benton has agreed to acquire all of Panoramic's shares in its wholly-owned subsidiary, Panoramic PGMs Canada Ltd., which holds the Thunder Bay North PGM project for C$9.0 million in cash . Amended Payment Terms Benton will now pay the C$9 million Purchase [...]
Benton Resources Inc. today announced that it has sold 8.0 million shares of Matador Mining Ltd for gross proceeds of CDN$1.803 million. Proceeds will be used to help finance the previously announced purchase of Rio Tinto's Escape Lake Deposit and Panoramic's Thunder Bay North Deposit. Benton continues to hold 800,000 warrants of Matador with a strike price of AUD$0.30. Below is the release disseminated on July 2, 2019 [...]
Benton Resources Inc. today announced that in support of this previously announced transaction, a Geological report completed in accordance with NI 43-101 and the TSX Venture Exchange's Appendix 3F has been submitted to the Exchange for review and comment. The report will be publicly filed once the Exchange review is completed. Benton anticipates the resumption of trading of the Company's shares at market open today [...]
Highlights: High-grade, near-surface Platinum Group Metals deposits with a historic resource. Excellent infrastructure, with a paved highway and established logging roads. Drilling highlights on the 30,000 hectare Thunder Bay North Property include historic high-grade intercepts of 46.65 m @ 10.1 g/t Platinum+Palladium+Gold with 1.62% Copper+Nickel , incl. 13.0 m @ 33.2 g/t Pt+Pd+Au and 4.91% Cu+Ni , incl. a spectacular [...]
Benton Resources Inc. is pleased to announce that it has received data from its recently flown high-detail airborne magnetic survey and has identified several high priority targets for immediate follow-up. Of particular interest is a distinct fold that extends over 600 m west from the known mineralization at the Panama Zone. This fold zone has not been previously mapped and is one of many structural features identified by [...]
Benton Resources Inc. today announced that it has completed a 1,913-line kilometre, High-Resolution Heliborne Magnetic Survey over the entire Panama Lake Project. The survey will be a valuable tool in delineating structure and lithological contacts, two very important features which control gold mineralization throughout the Red Lake District. Benton will use this survey to prioritize targets for summer exploration as the [...]
Benton Resources Inc. is pleased to announce that it has collected 120 lake sediment samples which have now been submitted for analysis at Activation Laboratories in Thunder Bay, ON. The survey was completed on Slate Lake and designed to delineate the source of the 107 gold grains in a glacial till sample collected by the Geological Survey of Canada, 1999 . This sample had the highest count of gold grains in the survey [...]
Benton Resources Inc. today announced that it has engaged CHF Capital Markets , a highly-regarded Canadian investor relations and capital markets firm. Stephen Stares, President and CEO of Benton, commented: "We are delighted to be working with Cathy and her team at CHF. Considering Benton's recent developments as well as near-term planned initiatives, now is the right time for us to connect with a broader network of [...]
Benton Resources Inc. is pleased to announce that it has received final assay results for the Phase I drill program carried out at the Panama Project in the Red Lake mining district. Highlights: Each hole returned anomalous gold values. Drilling has identified an extensive, 5+ metre quartz flooded shear zone containing variable amounts of pyrite and silicification associated with gold mineralization. Shear zone [...]
Benton Resources Inc. is pleased to announce that Benton has received assays for the first 5 of 7 drill holes completed on the Panama Zone in the Red Lake Mining district. Each hole exhibits anomalous gold values over significant thickness and is consistent with the results of historical work. Benton's drilling has identified an extensive, 5+ metre quartz flooded shear zone containing variable amounts of pyrite and [...]
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