Benton Resources Inc. is pleased to announce that, subject to all regulatory approvals, the Company intends to complete a non-brokered private placement of flow-through and non flow-through units for combined aggregate gross proceeds of up to $2 million. The Private Placement is expected to close on or before November 1, 2021. The Company intends to issue up to 5,000,000 flow-through units at a price of $0.20 per FT Unit [...]
Benton Resources Inc. would like to announce that St. Anthony Gold Corp. has notified Benton they will make a CAD$100,000 payment to earn a 50% interest in the Panama Lake property . The Panama Lake option agreement between Benton and St. Anthony was signed in October 2019. In order to earn a 50% interest, St. Anthony was required to issue two million shares, complete CAD$450,000 of qualified expenditures on the Property [...]
Benton Resources Inc. and Sokoman Minerals Corp. are pleased to announce that they have entered into mutual participation agreements that govern cost reimbursement between the Companies relating to certain option agreements entered into by each of Benton and Sokoman on behalf of their strategic exploration alliance announced on May 20, 2021. Pursuant to the strategic alliance the Companies agreed to share, on a 50/50 [...]
Phase 1 Program Approximately 2,000 metres Benton Resources Inc. and Sokoman Minerals Corp. are pleased to announce that Phase 1 diamond drilling has commenced at the Grey River JV gold project on the south coast of Newfoundland. The Project is targeting high-grade gold mineralization similar in style to the Pogo gold deposit in the Tintina Belt of Alaska. Grey River Project: Proposed Oct 2021 Drilling on 1VD Airborne Mag [...]
Benton Resources Inc. is pleased to announce it has been advised that Clean Air Metals Inc. has paid the sum of CAD$1.0 Million directly to Rio Tinto Exploration Canada Inc. as Vendor, pursuant to the terms of the definitive option agreement between the Company and Clean Air . Clean Air acquired the Option to acquire a 100% right, title and interest in and to the Escape Lake Property, subject to a 1.0% net smelter return [...]
Benton Resources Inc. and Sokoman Minerals Corp. are pleased to announce analyses for 35 of 58 follow-up samples from the recently discovered swarm of Lithium-bearing pegmatite dikes on the Golden Hope Joint Venture Project in southwestern Newfoundland. The 35 grab and chip samples were collected over a 1 km2 area over the swarm of poorly-exposed pegmatite and aplite dykes. The follow-up sampling has confirmed that the [...]
Benton Resources Inc. is pleased to share results obtained by Clean Air Metals Inc. from recent drilling completed at the Escape Lake project, under Option from Benton. Clean Air Metals can earn up to 100% of the Escape Lake project and Benton will retain a 0.5% NSR on the property. Hole ELR21-077 intersected 76.6m grading 5.67g/t Palladium Equivalents composed of 1.63g/t Platinum , 2.14g/t Palladium, 0.81% Copper, 0.41 [...]
Sokoman Minerals Corp. and Benton Resources Inc. are pleased to announce they have received high-grade gold assays up to 134.46 g/t Au at the Grey River Joint Venture located on the south coast of Newfoundland. The Alliance collected a series of grab and chip samples from outcrop and local float, and assays range from less than detection to 134.46 g/t Au. The sampling focused on an area roughly 500 m by 300 m immediately [...]
Sokoman Minerals and Benton Resources are pleased to announce that they have discovered a swarm of lithium-bearing pegmatite dikes on the Golden Hope Joint Venture Project in southwestern Newfoundland, Canada. Benton's President and CEO Stephen Stares and Director Michael Stares, along with Sokoman's President and CEO Timothy Froude and consultant Sean O'Brien, identified the pegmatites on a recent field visit, collecting [...]
Benton Resources Inc. is pleased to report that it has received the first anniversary option payment comprised of $50,000 and 1,248,177 shares of Metallica Metals Corp. for the Starr gold-silver project located in the Thunder Bay Mining District of Ontario. Benton now holds 2,628,177 million shares of Metallica. Metallica has the option to earn a 70% interest in the Starr project by making certain cash and share payments [...]
Benton Resources Inc. is pleased to report that Metallica Metals Corp. issued a news release earlier today whereby they have identified numerous drill targets on their Starr gold-silver project located in the Thunder Bay Mining District of Ontario. Metallica has the option to earn 70% interest in the Starr project by making certain cash and share payments to Benton along with exploration work commitments and has an option [...]
Benton Resources Inc. is pleased to provide a corporate update on the Company's ongoing exploration efforts in Ontario and Newfoundland. The Far Lake Copper-Silver project, located 80 km west of Thunder Bay, the focus of Benton's exploration efforts since 2020, has undergone a detailed geological mapping campaign since the beginning of May. The area had never been mapped in detail, and the new structural and lithological [...]
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