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Benton Resources Inc. (V:BEX)

Business Focus: Diversified Mining

Feb 21, 2024 08:00 am ET
Benton Commences Phase 2 Drilling at the Great Burnt Copper-Gold Project and Considers Options for the High-Grade Uranium Discovery at Kepenkeck Joint Venture
Thunder Bay, Ontario--(Newsfile Corp. - February 21, 2024) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has commenced its Phase 2 diamond drilling program at Great Burnt Project, with drill pad preparation underway for testing the down dip and down plunge extensions of GB-23-12 which cut 25.42m grading 5.51% Cu (see news release dated January 3, 2024). The Company plans to complete a minimum of 3,000 m of drilling in this program, which will target expansion and infill of the Great Burnt Main deposit. Results will be released as they are received and compiled by the Company.
Feb 20, 2024 07:40 am ET
Benton Resources to Attend PDAC 2024 and Present at the Canada's Atlantic Edge Event on March 5
Toronto, Ontario--(Newsfile Corp. - February 20, 2024) - Benton Resources Inc. ("Benton" or the "Company") (TSXV: BEX) is pleased to announce that the Company will be attending the Prospectors and Developers Association of Canada ("PDAC") conference on March 3-6, 2024, in Toronto, Canada. Benton's representatives, including members of senior management, technical staff, and investor relations, will be happy to meet with investors and other interested parties at its Booth 3111 (Core Shack) and 2117 (Investors Exchange) at the Metro Toronto Convention Centre.
Feb 12, 2024 08:30 am ET
Benton Mobilizes Crews for Phase 2 Drill Program at Great Burnt Copper-Gold Project in Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - February 12, 2024) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has mobilized crews to the Great Burnt camp, and the work is underway to prepare sites for winter 2024 diamond drilling.
Jan 30, 2024 08:00 am ET
Benton Receives Further High-Grade Copper Results Including 5.81% Cu over 24.00 m at Great Burnt Project in Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - January 30, 2024) -  Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has received assays from the final five Phase 1 drill holes from the fall drill program at the Great Burnt Copper deposit, located in south-central Newfoundland. The last five holes (GB-23-18 to GB-23-22) were drilled in the central and upper part of the deposit and returned exceptional results that both confirm and improve significantly on historic data. Highlights from these infill holes include:
Jan 19, 2024 08:30 am ET
Benton's Prospecting and Trenching Program Returns More High-Grade Copper and Gold Results within the Great Burnt Project; Engages Grove for Investor Relations Services
Thunder Bay, Ontario--(Newsfile Corp. - January 19, 2024) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that its second batch of trenching and prospecting samples has returned several high-grade copper and gold zones at surface up to 14km north from the Great Burnt Main Zone (GBMZ), all part of the Company's recently acquired Great Burnt Copper-Gold Project in Newfoundland (the "Project").
Jan 16, 2024 08:30 am ET
Benton's Great Burnt Returns Further High-Grade Intercepts Including 5.03% Cu Over 22.59m in Hole 23-15
Thunder Bay, Ontario--(Newsfile Corp. - January 16, 2024) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") announces further excellent assay results from its recently completed drilling at the Great Burnt Copper deposit in south-central Newfoundland. The Company's latest three drill holes continue to confirm that the deposit can deliver high grades over substantial widths within the known historical resource. GB-23-15 and 16 were drilled in a gap within the lower central portion of the known resource area. The two holes were drilled to test between historical holes GB-83 and GB-84 where the highest result returned 7.03% copper over 0.31m and 2.71% over 0.81m (GB-83) and 1.02% copper over 4.12m (GB-84).
Jan 03, 2024 08:30 am ET
Benton Intersects 5.51% Copper over 25.42m Including 8.31% over 9.78m in GB-23-12 at Great Burnt
Thunder Bay, Ontario--(Newsfile Corp. - January 3, 2024) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce the receipt of further impressive assay results from its recently completed Phase I drill program at the Great Burnt Copper deposit in south-central Newfoundland. The Company's latest three drill holes have significantly expanded the continuity of the high-grade core along strike and down plunge and it remains open to further expansion. GB-23-12, which cut 25.42m grading 5.51% Cu is considered to be near the core of the high-grade lens, which is the deepest high-grade drill intersection on the Great Burnt deposit to date. An interval within this zone returned 8.77% Cu, 4.43g/t Au, 82.00g/t Ag and 1.12% Zn over 1.00m. In addition, GB-23-13 and GB-23-14 also intersected the copper-rich zone, which is believed to be the up dip and down dip extension of the lens. Please see longitudinal section and summary table below for the complete results to date.
Dec 28, 2023 09:00 am ET
Benton Completes AGM and Provides Corporate Recap for 2023
Thunder Bay, Ontario--(Newsfile Corp. - December 28, 2023) - To the shareholders of Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company"):
Dec 15, 2023 08:30 am ET
Benton Closes $1.56 Million Non-Brokered Premium Flow-Through Financing with Investment by Eric Sprott
Thunder Bay, Ontario--(Newsfile Corp. - December 15, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement financing (see news release dated November 27, 2023) pursuant to an arrangement with Wealth Creation Preservation & Donation Inc. ("WCPD") and investor Eric Sprott. The Company issued 6,250,000 Charity Flow-through Units ("FT Unit") for $0.25 per FT Unit for aggregate gross proceeds of $1,562,500 (the "Private Placement"). Each FT Unit consists of one common share of the Company and one-half of one common share purchase warrant (a "Warrant"), each Warrant being exercisable for an additional common share of the Company at an exercise price of $0.25 for 36 months from the date of issue. The FT Units will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).
Dec 13, 2023 08:30 am ET
Benton Expands the Great Burnt Copper Deposit with Three New Drill Holes, Including One Intersection of 18.18m Grading 3.07% Copper
Thunder Bay, Ontario--(Newsfile Corp. - December 13, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has received additional excellent assay results from its recently completed drill program at the Great Burnt Copper deposit in south-central Newfoundland. The Company has significantly expanded the deposit up dip and along strike with the latest three drill holes, GB-23-09, 10 and 11. Highlights of these holes include GB-23-10, which intersected a wide interval of stringer, disseminated, semi-massive and massive sulphides grading 2.38% Cu over 24.17m, including 3.07% Cu over 18.18m, including 4.00% Cu over 7.57m, including 8.23% Cu over 1.00m.
Dec 05, 2023 08:30 am ET
Benton Intersects 12.30m of 7.20% Copper in Latest Drill Assays at Great Burnt
Thunder Bay, Ontario--(Newsfile Corp. - December 5, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it is continuing to receive high-grade assay results from its recently completed 5,651m drill program at the Great Burnt Copper deposit in south-central Newfoundland. The Company has received an additional three drill holes, GB-23-06 to GB-23-08, further validating the high-grade nature of the deposit.
Dec 01, 2023 08:30 am ET
Benton To Receive $300,000 Share Payment From Renegade Gold For The Panama Lake Gold Project In The Red Lake Mining Camp
Thunder Bay, Ontario--(Newsfile Corp. - December 1, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has been notified by Renegade Gold Inc. (TSXV: RAGE) ("Renegade") that Renegade will issue common shares to the Company in satisfaction of its obligation to make a cash payment of $300,000 pursuant to the terms of the Option Agreement (as defined below) whereby the Renegade had the right to acquire the remaining 30% interest (for a total interest of 100%) in the Panama Lake Property (see Renegade's news releases dated July 13, 2022 and November 4, 2022). Renegade intends to issue Benton a total of 769,230 common shares (the "Common Shares") at a deemed price of $0.39 per Common Share in lieu of paying $300,000, as payment for the Third Option as defined in an option agreement dated October 22, 2019 (the "Option Agreement") in respect of the Panama Lake Property. The issuance of Common Shares is subject to the receipt of all required approvals, including the approval of the TSX Venture Exchange. The Common Shares are subject to a statutory four month hold period.
Nov 28, 2023 08:30 am ET
Benton Completes 2023 Drilling With All Holes Intersecting Semi-Massive/Massive Sulphides at Great Burnt
Thunder Bay, Ontario--(Newsfile Corp. - November 28, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has concluded its Phase 1 drill program at the Great Burnt Copper deposit, located in south-central Newfoundland, with every drill hole intersecting stringer, semi-massive and massive sulphides. The Company drilled a total of 5,651m in 22 diamond drill holes and has released significant early results including 8.31% Cu over 13.0m in GB-23-02 and 7.18% Cu over 26.87m in GB-23-04.
Nov 27, 2023 09:04 am ET
Benton Announces $1.56 Million Non-Brokered Premium Flow-Through Financing with Investment by Eric Sprott
Thunder Bay, Ontario--(Newsfile Corp. - November 27, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that, subject to all regulatory approvals, the Company has entered into an arrangement with Wealth Creation Preservation & Donation Inc. ("WCPD") and investor Eric Sprott whereby WCPD will arrange for the subscription of 6,250,000 Charity Flow-through Units ("FT Unit") for $0.25 per FT Unit for aggregate gross proceeds of $1,562,500 (the "Private Placement"). Each FT Unit consists of one common share of the Company and one-half of one common share purchase warrant (a "Warrant"), each Warrant being exercisable for an additional common share of the Company, each of which will not qualify as a flow-through share, at an exercise price of $0.25 for 36 months from the date of issue. The FT Units will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).
Nov 23, 2023 08:41 am ET
Piedmont Lithium Exercises Initial Earn-In Right For Interest in Killick Lithium; Issues $1 Million in Shares Each to Benton and Sokoman
Thunder Bay, Ontario--(Newsfile Corp. - November 23, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton") and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman") are pleased to announce that further to their respective press releases issued on October 11, 2023, Piedmont Lithium Inc. (NASDAQ: PLL) (ASX: PLL) ("Piedmont") provided formal notice to exercise its Initial Earn-In Right to acquire a 16.35% voting and participating interest in Killick Lithium Inc. ("Killick") (the "Initial Interest"). Pursuant to this exercise notice, Piedmont issued to each of Benton and Sokoman, shares of its common stock having an aggregate subscription price of CAD$2.0M based on Piedmont's ten-day volume weighted average price ("VWAP") up to the date of the Initial Interest exercise notice, amounting to 26,099 Piedmont shares issued to each company. In addition, as part of its Initial Earn-In Right, Piedmont will fund work expenditures in the aggregate amount of at least CAD$6.0M (the "Initial Earn-In Amount") within the 30-month period following the Initial Earn-In Right exercise notice. Upon exercise of the Initial Earn-In Right by Piedmont, Piedmont's combined direct and indirect (through Vinland Lithium Inc.) ownership interest in Killick will be equal to approximately 33%.
Nov 20, 2023 10:56 am ET
Benton Drills 26.87m of 7.18% Cu, Including 10.28m of 11.16% Cu at Great Burnt
Thunder Bay, Ontario--(Newsfile Corp. - November 20, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has received assay results for three additional drill holes that continue to expand and better define the Great Burnt Copper Deposit. Hole GB-23-04 intersected 26.87m grading 7.18% Cu, including 10.28m grading 11.16% Cu (see photo below). GB-23-03 and GB-23-05, (see table below), were both drilled up dip from historic holes and, intersected the Cu-rich zone. These results will expand the deposit, which remains open for further expansion. The Company's drill program is still ongoing with 4,906m drilled in 18 drill holes thus far, all of which have intersected stringer, semi-massive and massive sulphides. The Company would also like to mention that the assays have returned significant cobalt values that could significantly enhance the economics of the deposit. Cobalt is another designated critical metal in Canada and the table below shows the cobalt, which was not previously reported for holes GB-23-01 and GB-23-02.
Nov 20, 2023 10:06 am ET
Canadian Investment Regulatory Organization Trade Resumption - BEX
VANCOUVER, BC, Nov. 20, 2023 /CNW/ - Trading resumes in:
Nov 20, 2023 09:21 am ET
Canadian Investment Regulatory Organization Trading Halt - BEX
VANCOUVER, BC, Nov. 20, 2023 /CNW/ - The following issues have been halted by CIRO
Nov 17, 2023 08:30 am ET
Benton's Prospecting and Trenching Program Returns High-Grade Copper and Gold Results at the South Pond Zone within the Great Burnt Project
Thunder Bay, Ontario--(Newsfile Corp. - November 17, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that its first pass trenching and prospecting program has returned multiple high-grade copper and gold zones at surface up to 14km north from the Great Burnt Main Zone, all part of the Company's recently acquired Great Burnt Copper-Gold Project in Newfoundland (the "Project").
Nov 14, 2023 08:30 am ET
Benton Continues to Intersect Copper-Rich Semi-Massive/Massive Sulphides in Drilling, up to 25.42m Thick at Great Burnt
Thunder Bay, Ontario--(Newsfile Corp. - November 14, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it is continuing to hit significant semi-massive and massive sulphides in drilling at the Great Burnt Copper Gold Project in Newfoundland. The Company released assays from the first two drill holes on November 1, 2023, with copper grades of 4.13% Cu over 3.25m and 8.01% Cu over 4.30m (GB-23-01) and 8.31% Cu over 13.0m (GB-23-02).
Nov 07, 2023 07:00 am ET
Spruce Ridge Resources Ltd. Announces Initial Drill Results by Benton Resources Inc. on Great Burnt Option Property in Newfoundland
Spruce Ridge Resources Ltd. (“Spruce” or the “Company”) (TSXV: SHL) is pleased to announce that Benton Resources Inc. (“Benton”) (TSXV: BEX) has received partial assay results from its inaugural drill program at the Great Burnt Copper Gold Project...
Nov 02, 2023 02:10 pm ET
Sokoman and Benton Receive Explorer of the Year Award for the Killick Kraken Lithium Project from the Canadian Institute of Mining, Metallurgy and Petroleum Newfoundland and Labrador Branch
ST. JOHN'S, NL / ACCESSWIRE / November 2, 2023 / Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ("Sokoman") and Benton Resources Inc. (TSXV:BEX) ("Benton") together, (the "Alliance") are pleased to announce that the Alliance has received the "Explorer of the Year" award at the annual CIM Mineral Resources Review in Newfoundland. The award was presented by the Newfoundland and Labrador branch of the Canadian Institute of Mining, Metallurgy and Petroleum. The award is presented to a prospector, exploration
Nov 02, 2023 09:00 am ET
Benton and Sokoman Receive Explorer of the Year Award for the Killick/Kraken Lithium Project from the Canadian Institute of Mining, Metallurgy and Petroleum Newfoundland and Labrador Branch
Thunder Bay, Ontario--(Newsfile Corp. - November 2, 2023) -  Benton Resources Inc. (TSXV: BEX) ("Benton") and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman") together, (the "Alliance") is pleased to announce that it has received the "Explorer of the Year" award at the annual CIM Mineral Resource Review in Newfoundland. The award was presented by the Newfoundland and Labrador branch of the Canadian Institute of Mining, Metallurgy and Petroleum. The award is presented to a prospector, exploration team, or company that has made a recent and significant mineral discovery; or significantly enhanced a prospect or deposit; or identified a previously unrecognized prospective geological environment in Newfoundland and Labrador. The Alliance has received the award due to the ongoing success at its Killick and Kraken Lithium discovery (formerly the Golden Hope Property) which has produced significant surface sampling and drill results up to 1.04% Li2O over 15.23 m in GH-22-27, 1.08% Li2O over 9.50 m in GH-22-26, 1.22% Li2O over 13.37 m in GH-23-45, 0.81% Li2O over 21.00 m, and 0.99% Li2O over 10.16 m in GH-23-46. In addition, the Alliance recently executed a $24 million option agreement with Piedmont Lithium Inc. further endorsing the potential of this prospective lithium project. (see news release dated October 11, 2023).
Nov 01, 2023 08:30 am ET
Benton Hits Multiple High Grade Copper Zones in First Two Holes Including 8.31% Cu over 13m and Continues to Intersect Copper-Rich Massive Sulphides in Drilling at Great Burnt
Thunder Bay, Ontario--(Newsfile Corp. - November 1, 2023) -  Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has received partial assay results from its inaugural drill program at the Great Burnt Copper Gold project in Newfoundland. Holes GB-23-01 and GB-23-02, both intersected excellent copper grades including 4.13% Cu over 3.25m from 69.05 to 72.30m and 8.01% Cu over 4.30m from 82.8 to 87.10m in GB-23-01 and 8.31% Cu over 13.0m from 161.89 to 174.89m, including 12.80 over 3.00m from 169.89 to 173.89m, including 17.20% Cu over 1.00m from 171.89 to 172.89m in GB-23-02. Intervals reported for the 2023 drilling are core lengths, estimated to be 70% of true width. Due to the success encountered in early drilling, the Company is expanding the ongoing drill program to a minimum of 4,000m.
Oct 30, 2023 08:30 am ET
Benton Acquires Highly Strategic Land Position Around the South Pond Deposits in the Northern Portion of the Great Burnt Copper-Gold Project and Continues to Intersect Copper-Rich Massive Sulphides in
Thunder Bay, Ontario--(Newsfile Corp. - October 30, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has entered into an option agreement to acquire a 100% interest in a strategic mineral license (the "Property") encompassing 27 claim units that surrounds the Northern portion of Benton's recently acquired Great Burnt Copper-Gold Project. The Property was optioned from Stephen Stockley Agriculture and Fabrication Inc. ("SSAF") and surrounds the South Pond, South Pond A and South Pond B deposits. The SSAF ground also hosts strong untested Electro Magnetic (EM) anomalies that sit on the flank of a magnetic high, indicative of a system that could host Volcanic Massive Sulphides (VMS) or Copper - Nickel Magmatic Sulphides. See attached map.
Oct 16, 2023 08:19 am ET
Benton Intersects Copper-Rich Massive Sulfides in Early Drilling at Great Burnt Copper-Gold Project, Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - October 16, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has completed 858m of drilling in 4 holes with all holes intersecting semi-massive and massive sulfides containing significant chalcopyrite mineralization at the Great Burnt Copper Project in Newfoundland. The first holes were designed for infill and expansion of the Great Burnt Main Deposit and has been extremely successful to date. Hole GB-23-01 through GB-23-04 were drilled from 3 drill set-ups over a 200m distance. Hole GB-23-01 was an infill hole to test the zone 12m updip from GB-18-05 and 20m downdip from GB-20-20 and intersected 12.30m of semi-massive/massive sulphide (from 69.05 to 72.30m, 82.75 to 87.10m, 90.00 to 94.05m and 95.05 to 95.70m). GB-23-02 intersected the zone 20m updip from GB-20-05 which cut 12.91m of semi-massive/massive sulphides from 162.89 to 175.80m. GB-23-03 intersected the zone 30m updip from GB-20-05 and cut 1.3m of semi-massive/massive sulphides from 158.00 to 158.60m and 154.80 to 155.50m. GB-23-04 intersected the zone 12m south from historical drill hole GB86 and intersected 16.6m of semi-massive/massive sulphides from 186.60 to 193.20m and 200.00 to 210.00m. Pictures containing significant chalcopyrite for holes GB 23-02 and GB 23-04 are included below and the Company also notes that wider sections of lower grade stringer mineralization was also encountered outside the semi-massive/massive zones. Drilling continues with GB 23-05 currently well underway.
Oct 11, 2023 07:30 am ET
Piedmont Lithium Inc. Enters into Definitive Agreements with Benton Resources Inc. and Sokoman Minerals Corp. to Acquire an Interest in the Killick Lithium Project
Thunder Bay, Ontario--(Newsfile Corp. - October 11, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton") and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman") are pleased to announce the entering into of the Definitive Agreements (as defined below) with Piedmont Lithium Inc. (NASDAQ: PLL) (ASX: PLL) and its subsidiaries ("Piedmont"), enabling Piedmont to earn up to a 70% direct and indirect ownership interest in the area and lands comprising the Golden Hope project (the "Golden Hope Project") to be renamed the Killick Lithium Project, located in southwestern Newfoundland (the "Transaction").
Oct 03, 2023 09:06 am ET
Benton Receives Exploration Permits for Great Burnt Copper-Gold Project and Initiates First Phase Drill Program
Thunder Bay, Ontario--(Newsfile Corp. - October 3, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it is in receipt of all requisite permits for exploration on the Great Burnt Copper-Gold project which was recently optioned from Spruce Ridge Resources Ltd. ("Spruce") (see news release dated August 16, 2023). The permits received cover prospecting, geophysics, trenching, geochemical sampling, and diamond drilling. The Company is also pleased to announce that it has initiated the mobilization of an aggressive exploration program this fall and that a ten-person camp is nearly complete. It is anticipated that prospecting, mapping, and diamond drilling could start as early as Friday October 6, 2023. The Company plans to conduct a minimum 3,000m of drilling in this first phase of work which will target infill and expansion of the Great Burnt Main Zone and South Pond deposits, along with testing various new targets identified by the current and ongoing compilation of historical data. Highlights from drilling conducted by Spruce is summarized below.
Sep 06, 2023 08:00 am ET
Benton and Sokoman Report Latest Results at Golden Hope JV - Southwestern Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - September 6, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton") and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman") together, (the "Alliance") is pleased to announce that it has received further results from the Phase 4 diamond drilling program completed at the Kraken Lithium swarm. To date, a total of 10,095 m of drilling has been completed in four phases at the main discovery areas, as well as an additional 522 m in six holes at the Hydra Dyke, 10 km to the northeast. Most of the Phase 4 drilling was completed in the East Dyke and Killick Dyke areas where the Alliance previously announced 2022 and 2023 drilling returned up to 1.04% Li2O over 15.23 m in GH-22-27, 1.08% Li2O over 9.50 m in GH-22-26, 1.22% Li2O over 13.37 m in GH-23-45, 0.81% Li2O over 21.00 m, and 0.99% Li2O over 10.16 m in GH-23-46. The latest drill program has expanded the dyke system to the south and has intersected a new dyke to the east of Killick, which requires further testing. Referred to as Killick East, this new dyke was intersected in drill holes GH-23-47, GH-23-56, and GH-23-59 over a 100 m strike length and returned values up to 1.54 m @ 0.68% Li2O in hole GH-23-56. The Killick Dyke system remains open to the north and at depth. The Alliance is currently planning a Phase 5 program to begin in late September or early fall, 2023. The Phase 5 program will test numerous new targets generated from current mapping and channel sampling as well as the main Kraken Dyke swarm area (including Kraken West and Kraken North) and drilling to expand the East Dyke and Killick Dyke areas.
Aug 30, 2023 05:27 pm ET
Benton Receives Conditional Regulatory Approval for Great Burnt Copper-Gold Option and Expands Disclosure of Outstanding Net Smelter Returns
Thunder Bay, Ontario--(Newsfile Corp. - August 30, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") announced on August 17, 2023 that it entered into a binding letter of intent ("LOI") with Spruce Ridge Resources Ltd. (TSXV: SHL) ("Spruce"), whereby Benton can earn an undivided 70% interest in Spruce's Newfoundland properties (the "Property") including the Great Burnt Copper deposit and South Pond Gold and Copper zones (the "Option"). The Company has received conditional approval by the TSX Venture Exchange (the "Exchange") for the Option, pending this disclosure of the Net Smelter Return ("NSR") from previous operators/owners of the Property. Under previous agreements, there exists a 2% NSR royalty in favour of Glencore (as a successor to Noranda) on mining lease ML211 and part of Exploration Licence 21732M that was part of former Exploration Licence 10210M, which covers the area of the Great Burnt Copper Deposit. In addition, if commercial production commences from this lease, then a cash payment of $1,000,000 or the issuance of common shares representing equivalent value must be made to Glencore.
Aug 17, 2023 07:00 am ET
Benton Options Great Burnt Copper-Gold Deposits from Spruce Ridge Resources in Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - August 17, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that on August 15, 2023, it entered into a binding letter of intent (LOI) with Spruce Ridge Resources Ltd. (TSXV: SHL) ("Spruce"), whereby Benton can earn an undivided 70% interest in Spruce's Newfoundland properties including the Great Burnt Copper deposit and South Pond Gold and Copper zones (the "Property"). The Option Agreement is subject to due diligence by both parties, which is ongoing and is subject to approval by the TSX Venture Exchange (the "Exchange").
Aug 17, 2023 07:00 am ET
Spruce Ridge Resources Ltd. Announces Binding Letter of Intent with Benton Resources Inc. for Option of Newfoundland Property
Spruce Ridge Resources Ltd. (“Spruce” or the “Company”) (TSXV: SHL) is pleased to announce that it has signed a binding letter of intent (the “LOI”) with Benton Resources Inc. (“Benton”) (TSXV: BEX) to enter into an option agreement (the “Option...
May 18, 2023 12:29 pm ET
Benton and Sokoman Provide Exploration Update on Li / Cs Exploration Golden Hope JV - Southwestern Newfoundland
Ten holes completed at Killick target - second drill to begin testing the Hydra Dyke
May 02, 2023 08:10 am ET
Sokoman and Benton Announce Start of 2023 Drilling Program at the Kraken Lithium and Hydra Cesium Discoveries in Southwestern Newfoundland
ST. JOHN'S, NL / ACCESSWIRE / May 2, 2023 / Sokoman Minerals Corp. (TSXV: SIC)(OTCQB:SICNF) ("Sokoman") and Benton Resources Inc. (TSXV:BEX) ("Benton") together, (the "Alliance") are pleased to announce the start of the 2023 drilling program which will see a minimum of 5,000 meters drilled on the 50-50 Golden Hope Joint Venture ("GHJV"). The GHJV was for
Mar 28, 2023 07:17 am ET
Benton and Sokoman Announce Exploration Update for Kraken Lithium and Hydra Cesium Discoveries in Southwestern Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - March 28, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton") and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman") together, (the "Alliance") are pleased to provide an exploration update and outline immediate plans for the 50-50 Golden Hope Joint Venture (GHJV). The GHJV was formed by the Alliance in 2021 to explore the mineral potential of an underexplored structural belt of rocks in southwestern Newfoundland hosting past-producing gold operations. Within the first week of exploration, the Alliance had discovered the very first hard rock lithium dyke on the Island, and in the fall of 2022, the Alliance discovered the very first cesium-rich dyke. These two areas of high-grade mineralization are now known as the Kraken Lithium Pegmatite Field and the Hydra Dyke. Prospecting, trenching, mapping, soil geochemistry, and three (3) phases of diamond drilling during the 2021 and 2022 field seasons, have resulted in multiple new discoveries which remain wide open for expansion.
Mar 03, 2023 01:03 pm ET
Benton to Exhibit at the 2023 PDAC: Kraken Lithium Core to Be Displayed in the Core Shack
Thunder Bay, Ontario--(Newsfile Corp. - March 3, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to report that the Company will be attending the Prospectors & Developers Association of Canada (PDAC) Convention at the Metro Toronto Convention Centre from Sunday, March 5th to Wednesday, March 8th. The Company invites investors and interested parties to visit the Benton team, Sunday through Wednesday at Booth #2117 located in the Investors Exchange area. In addition, the Company will also display core, from the recent diamond-drilling program at the Kraken Lithium discovery in southwestern Newfoundland, at the PDAC Core Shack located on Level 800, Booth #3109B on March 7th from 10:00 am – 5:00 pm and March 8th from 9:00 am – 12:00 pm.
Feb 16, 2023 07:16 am ET
Jan 16, 2023 07:12 am ET
Benton and Sokoman Announce Updates on Newfoundland Joint Venture Projects Golden Hope and Grey River
Additional High-Grade Cesium Assays from Hydra Dyke at Golden Hope: Gold Mineralization Expanded at Grey River
Jan 11, 2023 07:16 am ET
Benton Receives $100,000 Option Payment from Rio Tinto Exploration for Baril Lake West Project
Thunder Bay, Ontario--(Newsfile Corp. - January 11, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce it has received the final option payment of CAD$100,000 from Rio Tinto Exploration Canada ("RTEC") for the Baril Lake West project (see press release dated January 2, 2019). Pursuant to the terms of the Option to Purchase Agreement dated December 21, 2018 between the Company and RTEC, RTEC has now earned the right to acquire 100% of the Baril Lake West project. Should RTEC achieve commercial production at the Baril Lake West project, it will pay Benton an additional CAD$1,000,000 in cash. Benton will also retain a 2% net smelter return (NSR) royalty, half of which (1%) can be purchased by RTEC for CAD$1,000,000.
Dec 19, 2022 08:19 am ET
Benton Advises that Clean Air Metals Closes First Tranche of CAD$15 Million Royalty Financing Agreement on Thunder Bay North Critical Minerals Project with Triple Flag Precious Metals Corp.
Thunder Bay, Ontario--(Newsfile Corp. - December 19, 2022) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has been notified by Clean Air Metals Inc. ("Clean Air") that it has entered into a CAD$15 million mineral royalty financing agreement with Triple Flag Precious Metals Corp. ("Triple Flag"). Clean Air has closed an initial tranche of $10 million of the CAD$15 million contained within the agreement. Under the terms of the agreement, Clean Air will utilize a portion of the funds to make the final payment of CAD$1.5 million to Panoramic Resources Inc. and will satisfy the final condition to earn a 100% interest in the Thunder Bay North Project from Benton. Benton currently holds 24.6 million shares of Clean Air and retains a 0.5% net smelter return (NSR) royalty on the Escape Lake Deposit and a 0.5% NSR royalty on a large portion of the Thunder Bay North deposit (see Benton press release dated May 15, 2020).
Nov 30, 2022 07:12 am ET
Benton Resources and Sokoman Minerals Report Kraken Lithium Prospect Phase 3 Drilling Program Underway; First Three Holes Cut Spodumene-Rich Dykes up to 14 m Thick
Thunder Bay, Ontario--(Newsfile Corp. - November 30, 2022) - Benton Resources Inc. (TSXV: BEX) ("Benton") and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman"), together, (the "Alliance") are happy to report the commencement of the third phase of drilling at the Kraken Lithium Prospect. The Alliance is also extremely pleased to announce a new discovery, the Killick Zone, where surface grab samples graded up to 1.12% Li2O, located 200 m south of the East Dyke Zone (see press release October 18, 2022).
Nov 17, 2022 07:15 am ET
Sokoman and Benton Discover High-grade Cesium Mineralization in Outcrop 12 km NE of the Kraken Lithium Pegmatite Swarm in Southwestern Newfoundland Drilling to Re-start at Kraken Immediately
ST. JOHN'S NL / ACCESSWIRE / November 17, 2022 / Sokoman Minerals Corp. (TSXV:SIC) (OTCQB:SICNF) ("Sokoman") and Benton Resources Inc. (TSXV:BEX) ("Benton") together, (the "Alliance") are pleased to announce the discovery of a high-grade cesium-rich dyke with grab samples assaying up to 1.56% Cs2O (cesium oxide), 0.4% Li2O (lithium oxide), 0.022% Ta2O5 (tantalum oxide), and 0.30% Rb2O (rubidium oxide). This is the first high-grade cesium mineralization recorded on the Island of Newfoundland.
Oct 18, 2022 07:15 am ET
Benton and Sokoman - Kraken Lithium Prospect Phase 2 Drill Results Exploration Update
Thunder Bay, Ontario--(Newsfile Corp. - October 18, 2022) - Benton Resources Inc. (TSXV: BEX) ("Benton") and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman"), together (the "Alliance"), are pleased to announce the latest encouraging drill results and a 2022 exploration update from the Kraken Lithium Prospect on its Golden Hope Joint Venture located in southwest Newfoundland.
Jul 28, 2022 07:12 am ET
Sokoman and Benton Provide an Update on Drilling at the Kraken Lithium and Grey River Gold projects, Southwest Newfoundland
East dyke swarm has multiple Li-bearing (spodumene) dykes up to 27 m wide, located 600 m to the east of the Kraken discovery dyke
Jul 18, 2022 08:30 am ET
Benton Amends Far Lake Agreement with Thunder Gold Corp.
Thunder Bay, Ontario--(Newsfile Corp. - July 18, 2022) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has amended its agreement with Thunder Gold Corp. (formerly White Metal Resources Corp.) ("TGOL") (the "Amending Agreement") regarding the Far Lake project (the "Property") located 80km west of Thunder Bay, Ontario (see the Company's May 20, 2020 news release for details on the original agreement).
Jun 30, 2022 07:22 am ET
Benton and Sokoman Report Final Results from Recon Drilling at the Kraken Pegmatite Field - Golden Hope Project, SW Newfoundland
Li mineralization (spodumene) drilled to a vertical depth of 70 m at the Discovery Dyke; spodumene-bearing dykes, up to 22-m wide, located 600 m to the East of the Discovery Dyke
Jun 22, 2022 07:15 am ET
Sokoman & Benton Commence Drilling at Grey River
ST JOHN'S, NL / ACCESSWIRE / June 22, 2022 / Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ("Sokoman") and Benton Resources Inc. (TSXV:BEX) ("Benton") and, together (the "Alliance")today announced that the Alliance has initiated drilling on the Grey River Gold Project, located in southern Newfoundland. In addition, the Alliance has nearly completed the camp construction at the Kraken Lithium discovery, located in southwest Newfoundland near the village of Burgeo, and the drill r
May 26, 2022 08:58 am ET
Benton Advised that Clean Air Metals Reports Drill Results and Corporate Update Including Project Payment and Prefeasibility Kickoff around Metallurgical Optimization
Thunder Bay, Ontario--(Newsfile Corp. - May 26, 2022) - Benton Resources Inc. (TSXV: BEX) ("Benton") is pleased to report that Clean Air Metals Inc. ("Clean Air"), of which Benton has a substantial shareholding, has announced new assay results from the 2022 drill campaign from the Escape PGE-Cu-Ni Deposit at the Company's Thunder Bay North Project near Thunder Bay, Ontario, Canada (the "Project").
May 12, 2022 11:12 am ET
Benton Resources Invites You to Join Us at the Vancouver Resource Investment Conference
Thunder Bay, Ontario--(Newsfile Corp. - May 12, 2022) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') would like to cordially invite you to visit us at Booth #823 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Tuesday May 17 - Wednesday May 18, 2022.
Mar 24, 2022 09:51 am ET
IIROC Trading Resumption - BEX
VANCOUVER, BC, March 24, 2022 /CNW/ - Trading resumes in:
Mar 24, 2022 09:33 am ET
Benton and Sokoman Report First Drill Assay Results from the Kraken Pegmatite Field - Golden Hope Project, SW Newfoundland
The 8.4 metre pegmatite dike averaged 0.95% Li2O with grades hitting a high of 1.76% Li2O
Mar 24, 2022 09:10 am ET
IIROC Trading Halt - BEX
VANCOUVER, BC, March 24, 2022 /CNW/ - The following issues have been halted by IIROC:
Mar 21, 2022 02:34 pm ET
Benton Closes Non-Brokered $2.4 Million Financing with Investment by Eric Sprott
Thunder Bay, Ontario--(Newsfile Corp. - March 21, 2022) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that the Company has received approval from the TSX Venture Exchange to close its previously announced non-brokered private placement of flow-through units and non-flow-through units (the "Private Placement") for combined aggregate gross proceeds of approximately $2.4 million (see Company PR dated March 3, 2022).
Mar 16, 2022 07:12 am ET
Sokoman / Benton Intersect Gold in all Five Drill Holes over 5 km Strike Length Confirming Extensive Gold System at Grey River
ST. JOHN'S, NL / ACCESSWIRE / March 16, 2022 / Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ("Sokoman") and Benton Resources Inc. (TSXV:BEX) ("Benton") together (the "Alliance"), are pleased to announce the results from the maiden drill program at Grey River, Newfoundland. The Alliance reports that the drilling has returned multiple intersections in drill holes covering 5.0 kilometers of strike length and is open in all directions. The results are highlighted by GR-21-01, the easternmost hole drilled, that intersected three distinct gold zones i
Mar 03, 2022 03:00 pm ET
Benton Announces Non-Brokered $2.4 Million Financing with Investment by Eric Sprott
Thunder Bay, Ontario--(Newsfile Corp. - March 3, 2022) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that, subject to all regulatory approvals, the Company intends to complete a non-brokered private placement of flow-through units and non-flow-through units (the "Private Placement") for combined aggregate gross proceeds of up to $2.4 million. The Private Placement is expected to close on or before March 25, 2022.
Feb 24, 2022 11:33 am ET
Jan 21, 2022 07:05 am ET
Benton and Sokoman Initiate Drill Program at the Kraken Lithium Prospect on the Golden Hope JV; Spodumene-bearing Pegmatite Encountered in First Hole
Thunder Bay, Ontario--(Newsfile Corp. - January 21, 2022) - Benton Resources Inc. (TSXV: BEX) ("Benton") and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman") together, (the "Alliance") are pleased to announce that the Alliance has commenced the Phase 1 diamond drilling program at the Kraken Lithium prospect on the Golden Hope JV project located in southwest Newfoundland near the village of Burgeo. The diamond drilling program is expected to consist of 1,000 to 2,000 metres of diamond drill core in 4-6 holes designed to test an extensive system of spodumene- bearing dykes which have been sampled over a strike length of two kilometres within a corridor measuring 1,000 metres in apparent width and open in all directions. The Alliance is also pleased to announce that the first hole, with planned drill depth of 350 m-400 m across stratigraphy, has intercepted several spodumene-bearing (an important source of lithium) dykes near surface and the hole continues. Pictures of the core will be posted on both Benton's and Sokoman's websites in order to keep shareholders engaged in its progress at the Kraken dyke swarm. The Alliance is very pleased with the progress thus far and is in the process of logging, cutting and sampling the core to be submitted for assay as soon as possible. Kraken is the first-ever high-grade lithium discovery in Newfoundland and Labrador, with surface grab samples returning grades from trace to 2.37% Li2O (see Alliance joint press release dated August 16, 2021). This is also the first Newfoundland drilling program designed to target lithium.
Jan 06, 2022 07:14 am ET
Sokoman and Benton Continue to Expand the Kraken Lithium Pegmatite Swarm in Newfoundland and Initiate Drill Mobilization
Sokoman Minerals Corp. (TSXV:SIC) (OTCQB:SICNF) (“Sokoman”) and Benton Resources Inc. (TSXV:BEX) (“Benton”) together, (the “Alliance”) are pleased to announce that the Alliance has received additional assays confirming the discovery of several new parallel lithium-bearing dykes located 200 m - 300 m to the West-Northwest and to the East and Northeast of the main Kraken Pegmatite discovery. The Alliance collected 50 grab samples of which 17 contained significant spodumene grading from 0.23% Li2O to >2.15% Li2O (over limit assaying pending). These samples were collected fro
Jan 05, 2022 09:23 am ET
Benton Reports that Clean Air's Latest Drilling Includes 31.0m Averaging 3.9 g/t Pt, 5.1 g/t Pd, 1.7% Cu, 0.63% Ni
Thunder Bay, Ontario--(Newsfile Corp. - January 5, 2022) - Benton Resources Inc. (TSXV: BEX) ("Benton") is pleased to report that Clean Air Metals Inc. ("Clean Air"), of which Benton has a substantial shareholding, has announced new assay results from the 2021 drilling campaign from the Escape and Current PGE-Cu-Ni Deposits at Clean Air's Thunder Bay North Project near Thunder Bay, Ontario, Canada (the "Project"). Drilling operations are set to resume on January 6, 2022.
Dec 15, 2021 08:30 am ET
Benton Recaps 2021 and Outlines 2022 Objectives
Thunder Bay, Ontario--(Newsfile Corp. - December 15, 2021) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to provide a review of activities throughout 2021 along with an update on 2022 strategic objectives aimed at unlocking value for shareholders in the coming year. 2021 has been productive not only from an exploration perspective, but also through several key developments by companies in which Benton holds strategic investments. The Company feels that the value from these initiatives has yet to be fully realized. These achievements are more fully described below.
Dec 01, 2021 11:04 am ET
Benton Advised that Clean Air Metals Announces a PEA of the Current and Escape PGE-Cu-Ni Deposits of the Thunder Bay North Project, with Post-Tax NPV(5) of C$378m, IRR 29.8%
Thunder Bay, Ontario--(Newsfile Corp. - December 1, 2021) - Benton Resources Inc. (TSXV: BEX) ("Benton") is pleased to announce it has been advised that Clean Air Metals Inc. ("Clean Air") has announced results from an independent Preliminary Economic Assessment (PEA) that was completed for its Thunder Bay North Platinum Group Element (PGE) - Copper (Cu) - Nickel (Ni) Project near Thunder Bay, Ontario, Canada. The PEA was prepared by Nordmin Engineering Ltd. ("Nordmin") of Thunder Bay, Ontario, and includes provision for a stand-alone milling complex and waste storage facility to process mill feed from both the Current deposit and the Escape deposit, part of the Thunder Bay North Project Mineral Resource Estimate.
Nov 29, 2021 08:30 am ET
Benton Options High Grade VMS-Gold Project, Central Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - November 29, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has, subject to approval by the TSX Venture Exchange (the "Exchange"), optioned the KM 67 Volcanic Massive Sulphide (VMS) base metal and gold project (the "Project") located in central Newfoundland from Kevin Keats, Alan Keats, and David MacDonald (the "Optionors"). The Optionors, who have advanced the Project, are a team of experienced prospectors and a geologist that possesses a track record of success in Newfoundland and eastern Canada.
Nov 25, 2021 07:12 am ET
Benton and Sokoman Announce Gold Discovery at the Grey River Gold Project, Southern Newfoundland
Assays for six of 13 core samples, "super rushed" for assay, return from 1.34 to 37.64 g/t Au.
Nov 10, 2021 07:42 am ET
Benton Advised That Clean Air Metals Accelerates Final Payment to Rio Tinto for the Escape Lake Property Option
Thunder Bay, Ontario--(Newsfile Corp. - November 10, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton') is pleased to announce it has been advised by Clean Air Metals Inc. that the final payment of CAD $1 million has been made to Rio Tinto Exploration Canada on behalf of Benton pursuant to the option agreement on the Escape Lake Property. Benton continues to hold approximately 24.6 million shares in Clean Air Metals Inc. and is very pleased with their progress to date. The news release, which was issued earlier today is reproduced below.
Nov 09, 2021 07:14 am ET
Sokoman and Benton - More High-Grade Lithium Results Kraken Pegmatites in Newfoundland
Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (“Sokoman”) and Benton Resources Inc. (TSXV: BEX) (“Benton”) together, (“the Alliance”) are pleased to announce that they continue to expand the extent of the recently-discovered Kraken pegmatite field at the Golden Hope Joint Venture Project located in southwestern Newfoundland. This is the first significant discovery of Lithium mineralization documented in the province of Newfoundland and Labrador, Canada.
Nov 02, 2021 01:39 pm ET
Benton Closes Non-Brokered Private Placement
Thunder Bay Ontario--(Newsfile Corp. - November 2, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has received approval from the TSX Venture Exchange to close its previously announced non-brokered private placement of flow-through and non flow-through units (the "Private Placement") (see Company news release dated October 21, 2021).
Oct 21, 2021 07:30 am ET
Benton Announces Non-Brokered $2 Million Private Placement
Thunder Bay, Ontario--(Newsfile Corp. - October 21, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') 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 (the "Private Placement") for combined aggregate gross proceeds of up to $2 million. The Private Placement is expected to close on or before November 1, 2021.
Oct 20, 2021 08:33 am ET
Benton Notified That St. Anthony Gold Corp Will Exercise the Second Option on the Panama Lake Project; Rio Tinto Terminates Bark Lake Option
Thunder Bay, Ontario--(Newsfile Corp. - October 20, 2021) - Benton Resources Inc. (TSXV: BEX) ("Benton") would like to announce that St. Anthony Gold Corp. ("St. Anthony" or the "Company") (CSE: STAG) (FSE: M1N) (OTC Pink: MTEHF) has notified Benton they will make a CAD$100,000 (cash or shares) payment to earn a 50% interest in the Panama Lake property (the "Property").
Oct 15, 2021 04:23 pm ET
Benton and Sokoman Enter into Mutual Participation Agreements Governing Cost Reimbursement Under Their Strategic Exploration Alliance
Thunder Bay, Ontario--(Newsfile Corp. - October 15, 2021) - Benton Resources Inc. (TSXV: BEX) ("Benton") and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman") (jointly, "the Companies" or singularly a "Joint Venture Party") are pleased to announce that they have entered into mutual participation agreements (the "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 basis, exploration costs and costs associated with the exercise of property options entered into by either party on behalf of the strategic alliance. In cases where one of the Joint Venture Parties enters into an option agreement that requires shares to be issued to a third party optionor the other Joint Venture Party will contribute its 50% of the costs by reimbursing the first company for 50% of the option payments. Where common shares are required to be issued as part of the option payments in order to ensure that the costs are equally divided the monetary value of such shares will be calculated and the Joint Venture Party that did not enter into the option agreement will issue such number of shares to the Joint Venture Party that did enter into the option agreement that have a monetary value equal to 50% of the value of the shares issued by the Joint Venture Party that has entered into the option agreement.
Oct 14, 2021 09:37 am ET
Sokoman and Benton Expand the Kraken Lithium Pegmatite Swarm in Newfoundland
Sokoman Minerals Corp. (“Sokoman”) (TSXV: SIC) (OTCQB: SICNF) and Benton Resources Inc. (“Benton”) (TSXV: BEX) (jointly “the Alliance”) are pleased to announce that prospecting has expanded the area containing lithium-bearing pegmatite dykes, now known as “The Kraken Pegmatite Swarm”, to an area measuring approximately 2.2 km-long by 0.85 km-wide. In the past two weeks, the Alliance has focused their prospecting to the east of the original discovery and now have identified multiple areas of spodumene-bearing pegmatites dykes ranging from 0.5 m to 10.0 m in thickness from possible stacked swarm
Oct 12, 2021 07:53 am ET
Benton Advised of Clean Air Metals' Payment to Rio Tinto on Escape Lake Option
Thunder Bay, Ontario--(Newsfile Corp. - October 12, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce it has been advised that Clean Air Metals Inc. ("Clean Air") has paid the sum of CAD$1.0 Million directly to Rio Tinto Exploration Canada Inc. ("RTEC") as Vendor, pursuant to the terms of the definitive option agreement (the "Option Agreement") between the Company and Clean Air (see Clean Air press release dated January 6, 2020 and May 14, 2020). 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 royalty to be retained by RTEC, from Benton under the Option Agreement, with such option conditional on Benton exercising its pre-existing option to acquire the Escape Lake Property from RTEC and under the Option Agreement, Clean Air has agreed to make all of the payments of Benton to RTEC that are required in order for Benton to exercise the pre-existing option. Clean Air Metals agreed to pay to RTEC an aggregate of C$6 million in order for Benton to exercise the pre-existing option, C$3 million of which was originally paid by Benton to RTEC on October 9, 2019, and C$1 million of which was paid by the Clean Air to RTEC on October 9, 2020. The remaining financial obligation to RTEC on behalf of Benton is $1 million due October 9, 2022.
Sep 16, 2021 02:08 pm ET
Sep 09, 2021 07:45 am ET
REPEAT – Metallica Metals Commences 4,000 Metre Drilling Program On Its Starr Gold-Silver Project, Thunder Bay Mining District
Metallica Metals Corp. (CSE:MM) (OTC:MTALF) (FWB:SY7P) (the “Company” or “Metallica Metals”) is pleased to announce that it has commenced a 4,000 metre diamond drilling program on its Starr Gold-Silver Project (“Starr” or the “Project”) located in...
Sep 09, 2021 03:00 am ET
Metallica Metals Commences 4,000 Metre Drilling Program On Its Starr Gold-Silver Project, Thunder Bay Mining District
Metallica Metals Corp. (CSE:MM) (OTC:MTALF) (FWB:SY7P) (the “Company” or “Metallica Metals”) is pleased to announce that it has commenced a 4,000 metre diamond drilling program on its Starr Gold-Silver Project (“Starr” or the “Project”) located in...
Sep 07, 2021 11:03 am ET
Benton Resources: Clean Air Metals Reports New Drill Results including 76.7m of 5.67g/t PdEq with 21.0m of 9.98g/t PdEq at Escape Lake
Thunder Bay, Ontario--(Newsfile Corp. - September 7, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to share results obtained by Clean Air Metals Inc. (TSXV: AIR) (FSE: CKU) (OTCQB: CLRMF) ("Clean Air Metals" or the "Company") 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.
Sep 02, 2021 12:07 pm ET
Sokoman and Benton Confirm High-Grade Gold and Receipt of Drill Permits for Grey River, Southern Newfoundland
Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (“Sokoman”) and Benton Resources Inc. (TSXV: BEX) (“Benton”), members of a joint exploration alliance previously announced on May 27, 2021 (together, “the Alliance”), are pleased t
Aug 16, 2021 07:00 am ET
Aug 04, 2021 11:00 am ET
Benton Receives First Anniversary Payment for Starr Gold-Silver Project from Metallica Metals
Thunder Bay, Ontario--(Newsfile Corp. - August 4, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton') 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. (CSE: MM) ("Metallica") for the Starr gold-silver project (formerly known within Benton as the Saganaga gold project) located in the Thunder Bay Mining District of Ontario.
Jul 28, 2021 03:31 pm ET
Benton Advised That Metallica Metals Has Identified Numerous Drill Targets for Starr Project, Thunder Bay Mining District and Grants Stock Options
Thunder Bay, Ontario--(Newsfile Corp. - July 28, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton') is pleased to report that Metallica Metals Corp. (CSE: MM ("Metallica") issued a news release earlier today whereby they have identified numerous drill targets on their Starr gold-silver project (formerly known under Benton as the Saganaga gold project) located in the Thunder Bay Mining District of Ontario.
Jul 20, 2021 07:45 am ET
Benton Provides Update on the Far Lake Copper-Silver Project in Ontario and Newfoundland Joint Venture Projects
Thunder Bay, Ontario--(Newsfile Corp. - July 20, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to provide a corporate update on the Company's ongoing exploration efforts in Ontario and Newfoundland.
Jul 13, 2021 04:24 pm ET
Sokoman Minerals and Benton Resources Option Two Properties Lying within the Grey River Gold Property, Newfoundland
Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) today announced the execution of two (2) property option agreements on behalf of the strategic alliance between the Company and Benton Resources Inc. (“Benton”) (TSXV: BEX) (see news release dated May 20, 2021) to add additional mineral claims to the Grey River Gold Property in the province of Newfoundland and Labrador, Canada.
Jun 29, 2021 07:00 am ET
Benton and Sokoman Option Claims Adjacent to the Joint Kepenkeck Gold Property in Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - June 29, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton') and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF)('Sokoman') (jointly, 'the Companies' or 'the Joint Venture') are pleased to announce that on behalf of their strategic alliance (see news release dated May 20, 2021) Benton has entered into an option agreement to acquire the Larry's Pond project which lies along the western boundary of the Kepenkeck Gold JV claims (the "Option Agreement"). Larry's Pond consists of two licenses totalling 30 claim units (the "Property"). The optionors of the Larry's Pond project (the "Optionors") have discovered and sampled multiple quartz veins and silicified zones containing sulfides (chalcopyrite and galena) for which results are pending. Under the Option Agreement and upon approval from the TSX Venture Exchange (the "Exchange"), Benton, on behalf of the Joint Venture, will issue 200,000 common shares and make cash payments to the Optionors of $60,000 as per below:
Jun 24, 2021 07:43 am ET
Benton and Sokoman Receive Permits and Commence Exploration at the Kepenkeck Gold Property in Newfoundland
Benton Resources Inc. (‘Benton’) (TSXV: BEX) and Sokoman Minerals Corp. (‘Sokoman’) (TSXV: SIC) (OTCQB: SICNF) (jointly, ‘the Companies’) are pleased to announce that they have received exploration approval to complete an airborne survey, which will commence immediately, at the newly-acquired, joint Kepenkeck Gold Property (‘the Property’).
Jun 04, 2021 08:30 am ET
Benton Reports Results of Phase II Drilling at Far Lake Copper-Silver Project, Ontario
Thunder Bay, Ontario--(Newsfile Corp. - June 4, 2021) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") today announces results from the Phase II drilling program at its Far Lake Copper-Silver project located 80 km west of Thunder Bay, Ontario. The second phase of drilling at Far Lake totaled 2,696 m and was designed to test new areas associated with surface mineralization as well as various chargeability anomalies outlined by a deep, 3D IP geophysical survey. Highlights from this latest campaign include copper mineralization in the previously untested Centre Pond zone, intersected at a drill hole depth of 338 m (DDH FL-21-17).
May 31, 2021 08:30 am ET
Benton Receives Conditional Exchange Approval and Closes $2.25 million Flow-Through Private Placement, With Participation from Mr. Eric Sprott
Thunder Bay, Ontario--(Newsfile Corp. - May 31, 2021) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") announces that it has closed their previously announced non-brokered flow-through private placement of units (the "Private Placement") (see Company news release dated May 14, 2021).
May 27, 2021 07:30 am ET
Benton and Sokoman Jointly Acquire Grey River Gold Project in Southern Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - May 27, 2021) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce, together with Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman"), the joint acquisition of the 324 claim (8,100 hectare) Grey River Gold Project in southern Newfoundland. The Property includes 11 claim units (275 hectares) optioned from local interests under letter agreements, more details to be released in the coming weeks. The Grey River acquisition is consistent with the newly formed Benton/Sokoman Alliance, which is targeting district-scale gold opportunities in Newfoundland.
May 27, 2021 07:23 am ET
Sokoman and Benton Jointly Acquire Grey River Gold Project in Southern Newfoundland
Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) is pleased to announce, together with Benton Resources Inc. (“Benton”) (TSXV: BEX), the joint acquisition of the 324 claim (8,100 hectare) Grey River Gold Project in southern Newfoundland. The Property includes 11 claim units (275 hectares) optioned from local interests under letter agreements, more details to be released in the coming weeks. The Grey River acquisition is consistent with the newly formed Sokoman/Benton Alliance, which is targeting district-scale gold opportunities in Newfoundland. Sokoman is now one
May 20, 2021 07:00 am ET
Benton and Sokoman Stake Claims and Form Strategic Alliance to Explore Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - May 20, 2021) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that the Company has formed a strategic alliance with Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman") with the goal of exploring prospective greenfields for gold in Newfoundland. The two companies have staked a new property named the Golden Hope Joint Venture (the "Property" or the "Golden Hope JV") consisting of 3,146 claims covering 786 km2 (78,650 hectares) on two major gold-bearing structures in south-central Newfoundland. The alliance will also include a 50-50 Joint Venture on Benton's recently acquired Kepenkeck Gold Property (see Company news release dated May 6, 2021).
May 14, 2021 08:19 am ET
Benton Announces $2.25 Million Private Placement, with Participation by Mr. Eric Sprott
Thunder Bay, Ontario--(Newsfile Corp. - May 14, 2021) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company"), is pleased to announce a non-brokered private placement offering (the "Private Placement") for aggregate gross proceeds of up to $2,250,000 in flow-through units of the Company (the "FT Units") at a price of $0.20 per FT Unit. Mr. Eric Sprott has indicated his intention to subscribe for $2,000,000 into the Private Placement.
May 13, 2021 08:30 am ET
Benton and Buchans Announce Expanded JV and 2021 Field Program on Long Range Gold JV, Central Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - May 13, 2021) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce the expansion of its Long Range Gold JV project in central Newfoundland. The Long Range project, a 51:49 per cent Joint Venture between Buchans Minerals Corporation ("Buchans") and Benton (jointly "the Companies"), has been expanded from 3,750 hectares to 11,050 hectares through the recent acquisition of additional properties covering multiple early-stage gold prospects. The Companies intend to undertake a targeted prospecting program commencing in June that will include prospecting and investigation of the recently acquired gold prospects as well as follow-up prospecting of the JV's high-grade Goldquest prospect, originally discovered in 2010 and last explored by the JV in 2011.
May 06, 2021 08:30 am ET
Benton Options Large Gold Project from Keats in Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - May 6, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has, subject to approval by the TSX Venture Exchange (the "Exchange"), optioned the Kepenkeck gold project (the "Project") from Kevin and Alan Keats ("Keats") in central Newfoundland (the "Option"). Kevin and Alan Keats are seasoned prospectors from Newfoundland and have notably achieved recent success with the high-grade gold discovery at the Keats and Lotto zones being advanced by New Found Gold Corp. Benton acquired the prospective Project due to new road access, little historical work and due to the Project being situated in prospective geology along a major trend that hosts several high-grade gold zones to the south and west. Recent prospecting completed by Keats identified gold in grab samples, from trace values up to 2.45gpt, along with visible gold noted from panning till in two locations on the property.
Feb 04, 2021 08:30 am ET
Benton Commences Phase II Drilling at Far Lake to Test Deep IP Anomalies and the Extent of Mineralized Drill Intercepts from Phase I
Thunder Bay, Ontario--(Newsfile Corp. - February 4, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has commenced its second phase of drilling on the Far Lake project located 80km west of Thunder Bay, Ontario. The program will consist of 3,000m and is designed to test the depth and strike of the newly discovered FL11 Zone where the Company intersected wide zones of copper mineralization including 0.15% copper over 60.4m including 0.35% Cu over 15.6m and 1.43% Cu over 2.6m (see Company news release dated January 19, 2021). The Company will also test the Main (Discovery) Zone at depth as well as various high-priority geophysical anomalies identified by a 3D IP survey which was completed in mid-January. Preliminary data has identified chargeability targets from near surface to 800m in depth that coincide with the FL#1 and FL#2 structures which contain and control the Cu-mineralization discovered to-date.
Jan 21, 2021 08:30 am ET
Benton Receives Second Option Payment from Rio Tinto Exploration for Baril Lake West Project
Thunder Bay, Ontario--(Newsfile Corp. - January 21, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce it has received the second anniversary option payment of $25,000 from Rio Tinto Exploration Canada ("RTEC") for Baril Lake West project (see PR: Benton Completes Option to Purchase Deal with Rio Tinto on Baril Lake Project, dated January 2, 2019). Baril Lake West is situated approximately 4km west of Benton's Bark Lake project, also under option to RTEC (see PR: Benton Options Bark Lake Cu-Ni-PGE Project to Rio Tinto, dated October 25, 2016), and immediately adjacent to RTEC's Baril Lake Project where RTEC discovered significant mineralization grading 4.78%Ni and 0.43% Cu over 2.08m in 2018 (Ontario ENDM Assessment File: 200000017073). These projects are approximately 100km west of the Escape Lake and TBN projects, along the major crustal-scale, east-west oriented, Quetico fault, in which the Escape Lake and TBN projects held by Clean Air Metals Inc. are situated. While the Baril Lake West and Bark Lake projects are early stage in nature, the Company believes they have the potential to contain a magmatic conduit system that could host Cu-Ni-PGEs. At Bark Lake, numerous mineralized boulders near the Quetico Fault contain anomalous Cu-Ni-PGEs grades up to 4.35gpt Pd, 2.64gpt Pt, 0.74gpt Au, 1.2% Cu, 1.5% Ni. Drilling completed by RTEC in 2018 on the Bark Lake project encountered mineralization of 0.31% Cu and 0.72gpt Pt + Pd over 19.2m (see PR: Benton Receives Results from Rio Tinto on Bark Lake Option, dated May 25, 2018). A map showing the location of the Baril West and Bark Lake projects appears on the Benton website (www.bentonresources.ca).
Jan 20, 2021 10:17 am ET
Benton Advised that Clean Air Metals Announces a Mineral Resource for the Thunder Bay North Project Including a Total Indicated Resource of 16,285,396 tonnes at an Average Grade of 3.5 g/t PdEq Contai
Thunder Bay, Ontario--(Newsfile Corp. - January 20, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton') is pleased to announce it has received an update from Clean Air Metals Inc. (TSXV: AIR) ("Clean Air") on an updated mineral resource estimate for the Thunder Bay North Project ("Project"). Benton continues to hold approximately 24.6 million shares in Clean Air. In addition, Benton retains a 0.5% net smelter return royalty from production on the Escape Lake Deposit and a 0.5% net smelter return royalty from production on any mineral claims comprising the TBN portion of the Project that a net smelter royalty has not previously been granted. Benton's 0.5% NSR includes the Beaver and Cloud Zones plus portions of the Bridge Zone, each being part of the Current Lake Deposit.
Jan 19, 2021 08:30 am ET
Benton Confirms Widespread Copper Mineralization at Far Lake IOCG Project; 3D IP Survey Identifies Large Chargeability Targets for Drilling
Thunder Bay, Ontario--(Newsfile Corp. - January 19, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has discovered wide zones of mineralization at the Company's Far Lake IOCG project ("Far Lake") including 0.15% Cu and 0.15 g/t Ag over 60.4 m, including 0.35% Cu and 0.51 g/t Ag over 15.6 m and 1.08% Cu and 1.63 g/t Ag over 2.6 m in drill hole FL-20-11. Drill hole FL-20-11 is located approximately 1,800 m NW along the same structure as the Far Lake discovery zone where surface sampling produced Cu grades up to 22% over 0.7 m. Drill holes FL-20-01 to FL-20-05 completed in the discovery zone yielded results including 0.19% Cu and 0.34 g/t Ag over 33.6 m, including 1.11% Cu and 1.33 g/t Ag over 3.1 m (FL-20-03). The Far Lake project, pursuant to which the Company currently holds under option from White Metal Resources Corp. (see Company PR dated May 20, 2020), is located 80km west of Thunder Bay, Ontario.
Dec 22, 2020 08:30 am ET
Benton Initiates Deep IP and Ground Gravity Surveys on Its Far Lake IOCG Project
Thunder Bay, Ontario--(Newsfile Corp. - December 22, 2020) -  Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has engaged Abitibi Geophysics Inc. to complete a DasVision Induced Polarization (IP) and a ground gravity survey on its Far Lake Iron Oxide Copper Gold (IOCG) project located 80km west of Thunder Bay, Ontario. The DasVision, distributed array survey, is designed for deep mineral exploration, up to 1000m depth, and will include a 3D inversion of the data to allow for integration with existing exploration work. The IP and gravity surveys will encompass a 4km x 4km area, representing Benton's main exploration zone and where known Cu mineralization is concentrated. Assay results from the first phase of drilling at Far Lake (see Company news release dated November 19, 2020), and the IP/gravity survey data should be received early January 2021.
Dec 15, 2020 03:46 pm ET
Benton Closes $421,600 Non-Brokered Private Placement and Announces Results of Annual General and Special Meeting of Shareholders
Thunder Bay, Ontario--(Newsfile Corp. - December 15, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') announces that it has closed their previously announced non-brokered private placement of units (the "Private Placement") (see Company news release dated December 11, 2020).
Dec 11, 2020 03:15 pm ET
Benton Announces and Files for Exchange Approval for $421,600 Non-Brokered Private Placement
Thunder Bay, Ontario--(Newsfile Corp. - December 11, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') announces that, due to increased interest by investors, it has filed documents with the TSX Venture Exchange seeking final approval for an additional non-brokered private placement of units (the "Private Placement") beyond the private placement previously announced on November 19, 2020 and December 9, 2020.
Dec 10, 2020 03:20 pm ET
Benton Announces Approval and Closing of Non-Brokered Private Placement Financing
Thunder Bay, Ontario--(Newsfile Corp. - December 10, 2020) -  Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') further to its December 9, 2020 news release, the Company announces that it has received approval from the TSX Venture Exchange to close its non-brokered private placement financing.
Dec 09, 2020 08:30 am ET
Benton Files for Exchange Approval for Non-Brokered Private Placement Financing
Thunder Bay, Ontario--(Newsfile Corp. - December 9, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') announces that it has filed documents with the TSX Venture Exchange seeking final approval for its recently announced non-brokered private placement of flow-through and non-flow through units (the "Private Placement") (see Benton PR dated November 19, 2020).
Nov 26, 2020 08:30 am ET
Benton Receives 1.38 Million Shares of Cameo Industries for Saganaga Gold Project Option
Thunder Bay Ontario--(Newsfile Corp. - November 26, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce it has received 1,380,000 shares of Cameo Industries Corp. ("Cameo") (CSE: CRU) as part of the first payment for the option of its Saganaga Gold project (the "Project") located in the Shebandowan Greenstone belt. Benton previously announced on August 11, 2020 that it had entered into an Option Agreement (the "Agreement") with 2752300 Ontario Inc., a private Ontario company, which has now been acquired by Cameo. Under the Agreement, Cameo (through its ownership of 2752300 Ontario Inc.) can earn up to a 100% interest in the Project by completing the following:
Nov 24, 2020 08:30 am ET
Benton Stakes Land Position East of Hemlo Gold Mine and Receives First Anniversary Payment from Maxtech Ventures
Thunder Bay, Ontario--(Newsfile Corp. - November 24, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has staked a 100% interest in 145 single-cell mining claims, 5km east of Barrick Gold Corporation's ("Barrick") Hemlo Gold Mine and north of MetalCorp Limited's ("MetalCorp") Hemlo East project. According to MetalCorp's news announcement dated November 20, 2020, it completed an option agreement with Barrick to acquire up to 80% of the Hemlo East project with Barrick making an initial payment of $3.0 million along with other commitments. Benton has acquired its land position with the strategic objective of attracting interested partners to this world-class mining jurisdiction.
Nov 19, 2020 08:30 am ET
Benton Completes Drilling at Far Lake Iron Oxide Copper Gold Project and Announces Non-Brokered Private Placement
Thunder Bay, Ontario--(Newsfile Corp. - November 19, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has completed the maiden drill program on its Far Lake Iron Oxide Copper Gold ("IOCG") project located 80km west of Thunder Bay, Ontario. The drill program consisted of 12 holes totalling approximately 2,000m (BTW diamond drill core), ten of which focused on various Cu targets within a large felsic intrusive package of rocks plus two drill holes spaced approximately 4km apart targeting airborne EM conductive anomalies within metavolcanic rocks of the Shebandowan greenstone belt. In addition, the Company has confirmed the presence of anomalous Rare Earth Elements ("REE") and uranium associated with the large felsic intrusive complex being targeted. REE's and uranium are common, characterizing minerals of IOCG deposits around the world. Benton's anomalous REE/Uranium samples were taken within a highly magnetic granitic body (near a 500m long REE soil anomaly) and within a hematite breccia located approximately 500m southwest of the Far Lake main zone. The Company considers these occurrences to be important in helping target the potential core of a large tonnage IOCG deposit.
Oct 14, 2020 08:30 am ET
Benton Advised of Clean Air Metals' Payment to Rio Tinto on Escape Lake Option
Thunder Bay, Ontario--(Newsfile Corp. - October 14, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce it has been advised that Clean Air Metals Inc. ("Clean Air") has paid the sum of CAD$1.0 Million directly to Rio Tinto Exploration Canada Inc. ("RTEC") as Vendor, pursuant to the terms of the definitive option agreement (the "Option Agreement") between the Company and Clean Air (see Clean Air press release dated May 15, 2020). Clean Air acquired the Option to acquire a 100% right, title and interest in and to the Escape Lake Property whereby Clean Air agreed to pay to RTEC an aggregate of C$6 million, C$3.0 million of which was originally paid by Benton to RTEC on October 9, 2019.
Sep 30, 2020 08:30 am ET
Benton Commences Diamond Drilling on Its Far Lake Copper Project, Ontario
Thunder Bay, Ontario--(Newsfile Corp. - September 30, 2020) -  Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce it has mobilized a diamond drill rig to its Far Lake Copper project located 80km west of Thunder Bay, Ontario. The 2000m Phase 1 drill program will test priority targets identified from the Company's recently completed exploration programs, including the Far Lake #1 Structure where highlights include a 0.7m channel sample across massive sulphide that assayed 22.0% Cu, 30.2 g/t Ag and 0.25 g/t Au, and other channel samples along a 200m strike length containing 3.54% Cu over 3.0m, including 4.96% Cu over 1.0m. In addition, several other large structures associated with coincidental soil and/or rock geochemical anomalies will also be tested within a 2.5 square kilometre area in variously identified structures which exhibit silicification, brecciation and contain chalcopyrite mineralization.
Aug 21, 2020 08:30 am ET
Benton Provides Update for Far Lake Project and Clean Air Metals' Drill Program and Announces Grant of Stock Options
Thunder Bay, Ontario--(Newsfile Corp. - August 21, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has initiated a mechanical stripping program on various targets outlined from its ongoing exploration work at its recently optioned Far Lake project located 80km west of Thunder Bay, Ontario (see Benton PR dated May 20, 2020). The program is designed to help the Company better understand the orientation of the vein and mineralizing systems within the large intrusive and alteration system, as it prepares for its upcoming maiden drill campaign on the property.
Aug 11, 2020 08:30 am ET
Benton Options Saganaga Gold Project to Private Ontario-Based Exploration Company
Thunder Bay, Ontario--(Newsfile Corp. - August 11, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that the Company has entered into an Option Agreement (the "Agreement") with 2752300 Ontario Inc. (the "Optionee"), a private company, whereby the Optionee can earn up to a 100% interest in the Saganaga Gold project (the "Project"). The Saganaga project is a large land package located in the Shebandowan Greenstone belt, 120km west of Thunder Bay, Ontario, Canada.
Jul 23, 2020 08:30 am ET
Benton Continues to Delineate Copper Mineralization at Far Lake
Provides Update on Equity Holdings and Exploration Plans
Jul 09, 2020 03:07 pm ET
IIROC Trading Resumption - BEX
VANCOUVER, BC, July 9, 2020 /CNW/ - Trading resumes in:
Jul 09, 2020 01:27 pm ET
IIROC Trading Halt - BEX
VANCOUVER, BC, July 9, 2020 /CNW/ - The following issues have been halted by IIROC:
Jul 06, 2020 01:40 pm ET
Benton Announces the Appointment of New Directors
Thunder Bay, Ontario--(Newsfile Corp. - July 6, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has added two new directors, Mr. Thomas Sarvas and Mr. Timothy Froude, to its board of directors effective immediately.
Jun 12, 2020 08:30 am ET
Benton Closes Private Placement Financing and Provides Update on Annual Meeting
Thunder Bay, Ontario--(Newsfile Corp. - June 12, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') announces that has received approval from the TSX Venture Exchange (the "Exchange") to close its private placement financing (the "Financing"), previously announced June 2, 2020.
Jun 02, 2020 08:30 am ET
Benton Announces Non-Brokered Private Placement of Flow-Though Shares and Non Flow-Through Units and Provides Update
Thunder Bay, Ontario--(Newsfile Corp. - June 2, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that, subject to all regulatory approvals, the Company intends to complete a non-brokered private placement of flow-through shares and non flow-through units (the "Private Placement"). The Private Placement is expected to close on or before June 15, 2020.
May 27, 2020 08:30 am ET
Benton Provides Update on Activities and Project Advancements
Thunder Bay, Ontario--(Newsfile Corp. - May 27, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to provide an update on its current plans for its project portfolio as well as highlight current strategic equity positions held by the Company.
May 20, 2020 08:30 am ET
Benton Options High Grade Copper Silver Gold Project from White Metal Resources Corp.
Thunder Bay, Ontario--(Newsfile Corp. - May 20, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that the Company has entered into a binding Letter Of Intent ("LOI") with White Metal Resources Corp (TSXV: WHM) ("WHM") whereby Benton can earn up to a 70% interest in WHM's Far Lake project (the "Property") located 80km west of Thunder Bay, Ontario.
May 20, 2020 08:30 am ET
Benton Resources Signs LOI with White Metal Resources to Acquire 70% of the Far Lake Copper-Silver Project, Ontario
Thunder Bay, Ontario--(Newsfile Corp. - May 20, 2020) - White Metal Resources Corp. (TSXV: WHM) ("White Metal" or the "Company") is pleased to announce that it has signed a letter of intent ("LOI") with Benton Resources Inc., (TSXV: BEX) ("Benton") for Benton to earn up to a 70% interest in the Far Lake Copper-Silver Project (the "Project"). The Project, located about 75 km northwest of the port city of Thunder Bay and north of the Shebandowan Greenstone Belt, comprises 196 single cell mining claims and covers about 4,178 hectares. The Company recently completed a 464 line-kilometre, fixed-wing, high-resolution aeromagnetic gradiometer and digital VLF-EM survey over the Project (see Company news release dated April 22, 2020) as part of ongoing exploration designed to follow up on its successful 2019 prospecting, trenching and sampling programs that led to the discovery of copper-silver mineralization, including a 0.7 metre channel sample across massive sulphide that assayed 22.0% Cu, 30.2 g/t Ag, and 0.25 g/t Au (see Company news release dated September 30, 2019).
May 15, 2020 10:54 am ET
Clean Air Metals Completes Reverse Takeover Transaction and Issues 24.6 Million Shares to Benton
Thunder Bay, Ontario--(Newsfile Corp. - May 15, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that Clean Air Metals Inc. ("Clean Air") (formerly Regency Gold Corp.) has completed its previously announced reverse takeover transaction pursuant to the policies of the TSX Venture Exchange. In connection with the completion of the Transaction, Clean Air filed a filing statement dated May 5, 2020 (the "Filing Statement") in support of its application to the TSXV to become a "Mining Issuer" (as that term is defined in the policies of the TSXV).
May 11, 2020 08:30 am ET
Benton Advised that Clean Air Metals has Received Conditional Approval of Transactions and Filing Statement from TSX Venture Exchange
Thunder Bay, Ontario--(Newsfile Corp. - May 11, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has been advised by Clean Air Metals Inc. ("Clean Air") (formerly Regency Gold Corp.) that they have received conditional received conditional approval from the TSX Venture Exchange with respect to its previously announced transaction in accordance with Policy 5.2 of the TSXV. In connection with the transaction, Clean Air filed a filing statement dated May 5, 2020, in support of its application to the TSXV to become a mining issuer (as that term is defined in the policies of the TSXV).
May 08, 2020 02:15 pm ET
Benton Regrets to Announce Passing of Bill Harper
Thunder Bay, Ontario--(Newsfile Corp. - May 8, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') regrets to announce that Bill Harper, director and chairman of the Company's audit committee, passed away unexpectantly from a heart attack earlier this week at the age of 71. Bill is survived by his wife, daughter and son.
Apr 08, 2020 08:30 am ET
Benton Informed that Regency Gold Corp. has Completed Name Change to Clean Air Metals
Thunder Bay, Ontario--(Newsfile Corp. - April 8, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has been informed that further to its news release dated March 31, 2020, Regency Gold Corp. has now completed its company name change to Clean Air Metals Inc. ("Clean Air") pursuant to its special meeting of shareholders held on March 31, 2020 and in accordance with the Canada Business Corporations Act. In addition, the listing committee of the TSX Venture Exchange has conditionally accepted Clean Air Metals' previously announced proposed reverse takeover transaction, subject to certain conditions precedent. The transaction envisions completion of the definitive option agreement, pursuant to which Clean Air Metals will acquire from Benton the option to acquire a 100% interest in each of the Escape Lake property and the TBN property for approximately 24.6 million Clean Air Metals common shares as previously described in the Company's news release dated January 10, 2020.
Mar 31, 2020 08:30 am ET
Benton Stakes Hele Intrusion and Updates Shareholders on Regency/Clean Air Metals Transaction
Thunder Bay, Ontario--(Newsfile Corp. - March 31, 2020) -  Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') 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 ('MCR') intrusive complex as is located approximately 30km northeast of the TBN and Escape Lake PGE deposits. The Hele intrusion is a zoned, picritic intrusion of peridotite and olivine-gabbro which are two lithologies analogous with PGE deposits associated with the MCR, including the high grade TBN and Escape Lake deposits which Benton has optioned to Regency Gold Corp. (TSXV: RAU) ("Regency"). Regency is now being led by mining executives Abraham Drost (CEO) and Jim Gallagher (Executive Chairman), the latter being the former CEO of North American Palladium which recently sold to Impala Platinum for C$1 Billion. Upon trading resumption, Benton will hold 24.6M shares of Regency. Regency has announced it will change its Name to Clean Air Metals Inc and will trade under the symbol TSX-V:AIR upon TSX approval which Regency believes will happen within the coming weeks. Regency has also closed a $15.0 million financing which includes $2,000,000 from Eric Sprott representing 10,000,000 Unit Shares and 5,000,000 Warrants, representing 7.99% of the issued and outstanding common shares of Regency on a non-diluted basis and 11.53% of the issued and outstanding common shares of Regency on a partially-diluted basis, assuming the exercise of Mr. Sprott's Warrants. (See Regency PR Feb 11, 2020). Benton looks forward to Regency resuming active trading as well as the execution of their team's strategy to advance the Thunder Bay North and Escape Lake deposits.
Feb 20, 2020 08:30 am ET
Benton Stakes Magnetic Trend Near Seagull and Disraeli Intrusions, 35km North of Escape Lake and TBN Deposit
Thunder Bay, Ontario--(Newsfile Corp. - February 20, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') 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 ('MCR'), magmatic Ni-Cu-PGE mineralization. These new claims cover what could represent a conduit feeder zone located just east of the Disraeli intrusion. While the body of the Disraeli intrusion has been explored in detail, minimal historical exploration has been conducted on the new property extending from the intrusion. The Disraeli, as well as the Seagull Lake intrusion (located approximately 8km south of Disraeli and held by White Metal Resources Corp.), are described as being composed of ultramafic rocks with a high olivine content that has been derived from a deep mantle source. Ultramafic rocks are a key component to Ni-Cu-PGE mineralization associated with the MCR and other Platinum-Palladium occurrences in this region which include the high grade TBN and Escape Lake deposits which Benton has optioned to Regency Gold Corp. Regency is now being led by mining executives Abraham Drost (CEO) and Jim Gallagher (Executive Chairman), the latter being the former CEO of North American Palladium which recently sold to Impala Platinum for C$1 Billion. Benton will hold 24.6M shares of Regency. Benton will complete ground inspection of the new claims when weather permits.
Feb 10, 2020 03:34 pm ET
Regency Announces Update on $15 Million Subscription Receipt Financing and Reverse Takeover Transaction
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2020) - Regency Gold Corp. (TSXV: RAU.H) ("Regency" or the "Company") is issuing this comprehensive news release to update and expand on its news release of January 10, 2020, regarding its definitive option agreement dated January 6, 2020, as amended January 27, 2020 (collectively, the "Option Agreement"), with Benton Resources Inc. (TSXV: BEX) ("Benton") in connection with the acquisition by the Company of, subject to the satisfaction of certain conditions precedent, an option to acquire a 100% right, title and interest in the Escape Lake Property (the "Escape Lake Property") and the right to acquire 100% of Panoramic Resources Inc.'s indirect subsidiary, Panoramic PGMs (Canada) Ltd. (the "Pan Subsidiary") which owns the Thunder Bay North Project (the "TBN Project") (the "Transaction"). The Escape Lake Property and the TBN Project are collectively referred to as, the "TBN Property".
Jan 30, 2020 08:30 am ET
Benton Stakes Western Contact of the Coldwell Complex
Thunder Bay, Ontario--(Newsfile Corp. - January 30, 2020) -  Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has acquired a 100% interest in a new platinum-palladium ("PGE") 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 years. Many of the mineral occurrences are located around the eastern margin of the Coldwell and Benton hopes the underexplored western margin has the same potential. Benton's management has excellent knowledge of the complex as Benton previously held a large land position which it sold to Stillwater Mining Company in 2010 (see PR dated December 16, 2010). The Company hopes the west contact could host massive, layered, magnetite reef zones similar to that of the Sally, Wullie and area 41 Zones, now part of Generation Mining's Marathon Palladium project.
Jan 21, 2020 08:30 am ET
Benton Receives First Anniversary Option Payment from Rio Tinto for Baril Lake Project
Thunder Bay, Ontario--(Newsfile Corp. - January 21, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that the Company has received its first anniversary option payment of $25,000 from Rio Tinto Exploration Canada ("RTEC") for Baril Lake project (see PR dated January 2, 2019). The Baril Lake project is situated approximately 4km west of Benton's Bark Lake project, also under option to RTEC (see PR dated October 25, 2016), and 100km west along the major crustal-scale east-west oriented Quetico fault of the Escape Lake and TBN projects.
Jan 10, 2020 07:55 am ET
Benton and Regency Execute Definitive Agreement on Escape Lake and TBN Project and Provide Update on Regency's Progress
Thunder Bay, Ontario--(Newsfile Corp. - January 10, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') and Regency Gold Corp. ("Regency") (NEX:RAU.H) are pleased to announce that they have signed a definitive agreement (the "Definitive Agreement") whereby Regency has acquired an option (the "Option") to acquire a 100% right, title and interest in the Escape Lake Property (the "Escape Lake Property"), subject to a 1.0% net smelter return royalty to be retained by Rio Tinto Exploration Canada Inc. ("RTEC"), from Benton with such Option to be conditional on Benton exercising its pre-existing option to acquire the Escape Lake Property from RTEC under a pre-existing agreement with RTEC (the "RTEC Agreement"). Benton also assigned to Regency its rights under a letter of intent previously entered into with Panoramic Resources Inc. ("PAN") pursuant to which Benton acquired the right to acquire 100% of PAN's subsidiary Panoramic PGM (Canada) Ltd. (the "PAN Subsidiary") which owns the Thunder Bay North Project ( the "TBN Project").
Jan 10, 2020 07:55 am ET
Regency Reaches Definitive Agreement with Benton Resources on the Thunder Bay North and Escape Lake Platinum Group Metal Properties, Advances its Application for Change of Business, Proposes a Change
Vancouver, British Columbia--(Newsfile Corp. - January 10, 2020) - Regency Gold Corp. (TSXV: RAU.H) ("Regency" or the "Company") is pleased to announce that it has entered into a definitive option agreement (the "Option Agreement") with Benton Resources Inc. ("Benton") (TSXV: BEX) whereby Regency has acquired an option to acquire a 100% right, title and interest in the Escape Lake Property (the "Escape Lake Property"), subject to a 1.0% net smelter return royalty to be retained by Rio Tinto Exploration Canada Inc. ("RTEC"), from Benton with such option to be conditional on Benton exercising its pre-existing option to acquire the Escape Lake Property from RTEC. In addition, Benton also assigned to Regency its rights under a letter of intent previously entered into with Panoramic Resources Inc. ("PAN") pursuant to which Benton acquired the right to acquire 100% of PAN's subsidiary, Panoramic PGM (Canada) Ltd. (the "Pan Subsidiary") which owns the Thunder Bay North Project (the "TBN Project").
Jan 10, 2020 07:49 am ET
IIROC Trading Resumption - BEX
VANCOUVER, Jan. 10, 2020 /CNW/ - Trading resumes in:
Jan 08, 2020 08:30 am ET
IIROC Trading Halt - BEX
VANCOUVER, Jan. 8, 2020 /CNW/ - The following issues have been halted by IIROC:
Dec 27, 2019 01:31 pm ET
Benton Closes $217,628 Flow-Through Private Placement Financing
Thunder Bay, Ontario--(Newsfile Corp. - December 27, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that the Company has closed its previously announced financing (see PR dated December 11, 2019).
Dec 11, 2019 02:11 pm ET
Benton Provides Update on the Regency Transaction and Announces Non-Brokered Flow-Through Private Placement Financing
Thunder Bay, Ontario--(Newsfile Corp. - December 11, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') would like to update shareholders on the progress of the previously announced Regency Gold Corp. (TSXV: RAU) ('Regency') transaction ('the Transaction'). As per Benton's previous press release (see PR dated November 11, 2019) Benton, Regency and Panoramic Resources Limited 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.
Nov 11, 2019 09:53 am ET
Benton Receives Extended Terms from Panoramic on the Thunder Bay North Project and Provides Update
Thunder Bay, Ontario--(Newsfile Corp. - November 11, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company')  is pleased to announce that Panoramic Resources Inc. ('PAN') has agreed to extend the terms associated with the initial binding purchase agreement and amended binding purchase agreement (together the "Transaction") for an additional 30 days to December 3, 2019 (see PR's dated October 1, 2019 and July 2, 2019).
Oct 24, 2019 09:00 am ET
Benton Executes Option Agreement with Maxtech Ventures on Panama Gold Project, Red Lake Mining District
Thunder Bay, Ontario--(Newsfile Corp. - October 24, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has signed a binding option agreement (the "Option Agreement") with Maxtech Ventures Inc. ("MVT") pursuant to which MVT will have the option to earn up to a 100% interest in Benton's 100%-owned Panama gold project (the "Project") in the Red Lake Mining district, Ontario (see PR dated September 10, 2019). Under the terms of the Option Agreement, subject to regulatory approval, Maxtech will be required to complete the following:
Oct 17, 2019 11:11 am ET
Regency Gold Executes Agreement with Benton on the Thunder Bay North and Escape Lake Platinum Group Metal Properties and Change of Business
Vancouver, British Columbia--(Newsfile Corp. - October 17, 2019) - Regency Gold Corp. (TSXV: RAU.H) ("Regency" or the "Company") is pleased to announce that it has signed an arm's-length non-binding letter of intent (the "LOI") dated October 11, 2019, with Benton Resources Inc. ("Benton") (TSXV: BEX) which sets out a proposed transaction pursuant to which Benton will grant Regency an option (the "Option") to acquire Benton's rights to acquire, under its pre-existing agreements with Rio Tinto Exploration (Canada) Inc. ("RTEC") (the "RTEC Agreement") and Panoramic Resources Inc. ("PAN")(the "Pan Agreement"), a 100% right, title and interest in the Escape Lake Property (the "Escape Lake Property") and the Thunder Bay North Project (the "TBN Project"), respectively.
Oct 15, 2019 09:37 am ET
Benton Executes Agreement with Regency Gold on the Thunder Bay North and Escape Lake Platinum Group Metal Properties
Thunder Bay, Ontario--(Newsfile Corp. - October 15, 2019) -  Benton Resources Inc. ('Benton' or 'the Company') (TSXV: BEX) is pleased to announce that it has signed a letter of intent (the "LOI") with Regency Gold Corp. ("Regency") (TSX-V: RAU) which sets out a proposed transaction pursuant to which Regency will acquire from Benton an option (the "Option") to acquire the Company's rights to acquire, under its pre-existing agreements with Rio Tinto Exploration (Canada) Inc. ("RTEC") (the "RTEC Agreement") and Panoramic Resources Inc. ("PAN"), a 100% right, title and interest in the Escape Lake Property ("Escape Lake") and the Thunder Bay North Project (the "TBN Project") respectively.
Oct 10, 2019 08:30 am ET
Benton and Rio Tinto Replace Purchase and Sale with Option to Acquire 100% Ownership of the Escape Lake Property
Thunder Bay, Ontario--(Newsfile Corp. - October 10, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that Rio Tinto Exploration Canada Inc. (RTEC) and the Company have agreed to terminate the purchase agreement signed on July 2, 2019 (see NR dated 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 million by Benton to RTEC over a three year period as set out below. The option agreement is conditional on receipt of regulatory approval.
Oct 01, 2019 09:00 am ET
Benton and Panoramic to Extend Terms for Agreement on Thunder Bay North Project
Thunder Bay, Ontario--(Newsfile Corp. - October 1, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that Panoramic Resources Inc. ('PAN') has agreed to extend the terms associated with the initial binding purchase agreement and amended binding purchase agreement (together the "Transaction") for an additional 30 days to November 3, 2019 (see PR's dated September 3, 2019 and July 2, 2019).
Sep 10, 2019 08:30 am ET
Benton to Option Panama Gold Project in the Red Lake Mining District to Maxtech Ventures
Thunder Bay, Ontario--(Newsfile Corp. - September 10, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has signed a binding letter of intent ("BLOI") with Maxtech Ventures Inc. ("MVT") in which MVT will have the option to earn a 100% interest in Benton's 100%-owned Panama gold project (the "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:
Sep 03, 2019 08:30 am ET
Benton and Panoramic Agree to Amended Terms for Benton's Purchase of the Thunder Bay North PGM Project
Thunder Bay, Ontario--(Newsfile Corp. - September 3, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') announced today that it has amended (the 'Amending Agreement') the binding purchase agreement signed on July 2, 2019 with Panoramic Resources Inc. ('Panoramic') (the 'PAN Agreement')(see NR dated July 2, 2019).
Aug 02, 2019 08:30 am ET
Benton Resources Sells Equities for Gross Proceeds of $1.8 Million to Add to the Purchase of High-Grade PGM Deposits
Thunder Bay, Ontario--(Newsfile Corp. - August 2, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') 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.
Jul 29, 2019 08:00 am ET
Benton Resources Files NI43-101 Technical Report with TSX-V to Proceed with the Previously Announced Acquisition of High Grade PGM Deposits: Panoramic's Thunder Bay North Deposit and Rio Tinto's Escap
Thunder Bay, Ontario--(Newsfile Corp. - July 29, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') 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 (the "Exchange") 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, Monday July 29, 2019. The Company is currently working diligently on various financing alternatives to fund the acquisition. Below are the details of the news release issued on July 2, 2019.
Jul 26, 2019 04:12 pm ET
IIROC Trading Resumption - BEX
VANCOUVER, July 26, 2019 /CNW/ - Trading resumes in:
Jul 02, 2019 08:40 am ET
IIROC Trading Halt - BEX
VANCOUVER, July 2, 2019 /CNW/ - The following issues have been halted by IIROC:
Jun 13, 2019 10:53 am ET
Benton Resources Receives Airborne Data and Initiates Work at Panama Project in the Red Lake Mining District
Thunder Bay, Ontario--(Newsfile Corp. - June 13, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') 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 the geophysical survey which Benton will inspect in the field.
May 16, 2019 02:33 pm ET
Benton Resources Completes Heliborne Magnetic Survey at the Panama Project
Thunder Bay, Ontario--(Newsfile Corp. - May 16, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') today announced that it has completed a 1,913-line kilometre, High-Resolution Heliborne Magnetic Survey over the entire Panama Lake Project.
Apr 25, 2019 08:30 am ET
Benton Completes Lake Sediment Sampling Survey and Commences Detailed Airborne Magnetic Survey at the Panama Project, Red Lake Mining District
Thunder Bay, Ontario--(Newsfile Corp. - April 25, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') 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 (Open File 3038). This sample had the highest count of gold grains in the survey and the bedrock source has yet to be determined but believed to be within the area of the sediment survey.
Mar 28, 2019 11:25 am ET
Benton Resources Retains CHF Capital Markets
Thunder Bay, Ontario--(Newsfile Corp. - March 28, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') today announced that it has engaged CHF Capital Markets ('CHF'), a highly-regarded Canadian investor relations and capital markets firm.
Mar 27, 2019 01:36 pm ET
Benton Completes First Phase of Drilling at Panama Project in the Red Lake Mining District and Appoints James Rogers as an Advisor
Thunder Bay, Ontario--(Newsfile Corp. - March 27, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') 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.
Mar 04, 2019 07:30 am ET
Benton Intersects Gold Mineralization in First Five Holes at the Panama Zone in Red Lake Mining District
Thunder Bay, Ontario--(Newsfile Corp. - March 4, 2019) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") 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 silicification associated with gold mineralization. Highlights for the first five holes at the Panama zone are as follows:
Feb 12, 2019 02:30 pm ET
Benton Provides Drilling Update at Panama Project, Red Lake and Reports on Matador's Progress at Cape Ray Gold, Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - February 12, 2019) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to provide an update that diamond drilling is well underway on the Panama Lake Gold project in the Red Lake Mining district located approximately 50km along strike from Great Bear Resources Ltd.'s 2018 gold discovery where drilling is ongoing. To date, the Company has completed five of seven planned drill holes within the Panama Zone. Upon completion, the drill will move to the Slate Lake zone where earlier the Company had selective grab samples grading up to 6.17g/t Au. This new prospect is located approximately 120m north of the area where a glacial till sampling survey conducted by the Geological Survey of Canada in 1999 (Open File 3038) identified 107 gold grains in till sampling, the highest count in the survey. The current series of holes has successfully intercepted a 20-30m wide, mineralized shear identified by Noranda Exploration Co, Ltd. in 1988, which yielded results of up to 2.8g/t Au over 4.5m. Benton views the project as having many similarities in geology and structure to that of Great Bear Resources Ltd.'s discovery to the west (see Great Bear's press release dated August 22, 2018). Benton will release results from the current Panama property drill campaign as soon as they are received and compiled and will plan further exploration work accordingly.
Jan 15, 2019 04:00 pm ET
Benton Announces Results of Annual General and Special Meeting of Shareholders
Thunder Bay, Ontario--(Newsfile Corp. - January 15, 2019) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce that it successfully held its Annual General and Special Meeting of Shareholders on January 11, 2019 (the "Meeting"). At the Meeting, the election of Stephen Stares, Michael Stares, William Harper and John Sullivan as directors of the Company was approved by an overwhelming majority of shareholders who voted. All other matters presented to shareholders for approval were successfully passed at the Meeting.
Jan 09, 2019 08:30 am ET
Benton Receives Final Payment of 500,000 Shares from Sokoman Iron and Releases Assays from Bolton Bay Drilling
Thunder Bay, Ontario--(Newsfile Corp. - January 9, 2019) -  Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce that it has received the final payment of 500,000 shares from Sokoman Iron Corp. ("Sokoman") pursuant to an option to purchase agreement for the Alder East gold project located in Central Newfoundland (see Benton PR dated December 16, 2016). In accordance with the option agreement, Benton may also receive further future payments should various defined project resource estimate milestones be achieved by Sokoman and will also retain a 2% NSR on the Alder East project with Sokoman having the right to buy back 1% NSR for $1 million.
Jan 02, 2019 09:15 am ET
Benton Completes Option to Purchase Deal with Rio Tinto on Baril Lake Project and Plans January Drilling on Panama Project in Red Lake Mining District
Thunder Bay, Ontario--(Newsfile Corp. - January 2, 2019) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce that it has entered into a option to purchase agreement (the "Agreement") with Rio Tinto Exploration Canada Inc. (RTEC) whereby RTEC will have the right to earn a 100% interest in Benton's Baril Lake claims located approximately 5km west of Benton's Bark Lake project which is currently under option to RTEC (see Benton PR dated October 25, 2016). Pursuant to the terms of the agreement, RTEC can earn 100% of the Baril project by paying Benton $200,000 over 4 years and should RTEC achieve commercial production at the project, will pay Benton an additional $1,000,000. The Company will also retain a 2% Net Smelter Royalty (NSR), half of which (1%) can be purchased by RTEC for $1,000,000. The Company considers the Baril Lake project to be a favorable setting to potentially host copper-nickel and platinum group metals. Drilling completed by RTEC in 2017 on the Bark Lake project encountered mineralization of 0.31 copper and 0.72gpt (grams per tonne) Platinum + Palladium over 19.2meters (see Benton PR dated May 25, 2017).
Nov 13, 2018 09:48 am ET
Benton Mobilizes Drill to Bolton Bay and Amends Bedivere Option
Thunder Bay, Ontario--(Newsfile Corp. - November 13, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce that it has commenced diamond drilling on its Bolton Bay gold project located in northwestern Ontario. The program will consist of approximately 400m and is designed to test several areas on the project including two holes that will target the projected down plunge mineralization envelope of the historical 'West Zone" where recent Benton sampling returned grades of up to 145 grams per ton (g/t) gold (Au) in selective surface grab samples as well as 0.90g/t Au over 17m in channel sampling. Recent stripping of overburden at the West Zone uncovered an outcrop which could be the surface expression of a vertical, quartz breccia pipe hosting gold. A third hole will test a newly discovered deformation/shear zone containing green mica (fuchsite or roscoelite), quartz and quartz carbonate within a silicified volcanic which graded 0.42g/t Au over 7.5m including 1.2g/t Au over 1m. A fourth hole will test a copper-nickel-platinum-palladium target where anomalous mineralization was discovered at surface. Recent logging in the area is providing excellent access to the mineralized zones, which historically were only accessible by water or air.
Oct 18, 2018 08:30 am ET
Benton Increases Panama Project Land Position in Red Lake Mining Division and Completes Sale of Providence Project, NWT
Thunder Bay, Ontario--(Newsfile Corp. - October 18, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce that it has substantially increased the size of it 100%-owned Panama Lake gold project in the Red Lake mining district to 365 claim cells which now covers approximately 7446 hectares. The Panama Lake project is located 55km northeast of the town of Ear Falls and is accessible by road. The new staking encompasses highly favourable magnetic trends, folding and structural lineation identified from recent prospecting and historical data compilation efforts on the project. The Company's first results from its initial prospecting program graded between 0.17g/t Au and 6.17g/t Au (see Benton PR dated September 18, 2018) in five samples collected from an altered and silicified sedimentary iron formation containing quartz veining, pyrite, pyrrhotite and arsenopyrite.
Sep 18, 2018 08:30 am ET
Benton Makes New Gold Discovery on Panama Project in Red Lake Mining District
Thunder Bay, Ontario--(Newsfile Corp. - September 18, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce that during recent prospecting the Company has made a new discovery on the Panama Lake Gold project. A total of 24 samples were collected across the project area, six of which show promising results in a previously underexplored area. Five samples collected from an altered and silicified sedimentary iron formation containing quartz veining, pyrite, pyrrhotite and arsenopyrite, graded between 0.17g/t Au and 6.17g/t Au. The sampling was completed in a poorly-exposed area over 20m long and located approximately 275m northwest of the Geological Survey of Canada (GSC) till sample, 92-SBB-142, which contained 107 gold grains, the highest count in the regional-scale survey.  Another sample containing 0.68g/t Au was collected 100m southwest of the GSC till sample. The new showings are associated with a distinct magnetic high (Ontario Geological Survey, 2003, Uchi-Bruce Lakes Area Airborne Survey), which extends for over 120km.
Sep 07, 2018 08:30 am ET
Benton Receives Results from Initial Trenching at the Bolton Bay Project
Thunder Bay, Ontario--(Newsfile Corp. - September 7, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce encouraging results from its recently completed trenching program on the Bolton Bay project located 100km west of Thunder Bay, Ontario. The Company completed a total of 8 mechanically-stripped areas over a 3.5km strike length in locations of previously known gold mineralization and newly identified prospective zones. A total of 137 channel samples was cut and 72 grab samples collected and submitted for assay.
Aug 08, 2018 08:30 am ET
Benton Completes Trenching and Sampling at Bolton Bay and Continues Work at the GNP Project, Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - August 8, 2018) - Benton Resources Inc. (TSXV:BEX) ("Benton" or "the Company") is pleased to announce the completion of trenching and channel sampling on its recently acquired Bolton Bay project (see PR dated April 13, 2018). The Bolton Bay project is located 120km west of Thunder Bay and is contiguous to Benton's Bark Lake project under option to Rio Tinto. The Company completed a total of 8 mechanically-stripped areas over a 3.5km strike length in locations of previously known gold mineralization and newly identified prospective zones. Over 137 samples were channel cut and submitted for assay.
Aug 07, 2018 08:00 am ET
Benton Sells Non-Core Portion of Goodchild Claims to Canadian Orebodies
Thunder Bay, Ontario--(Newsfile Corp. - August 7, 2018) - Benton Resources Inc. (TSXV: BEX) (“Benton” or “the Company”) would like to announce that it has entered into an purchase agreement with Canadian Orebodies Inc. (“Canadian Orebodies”) whereby Benton will sell the southwest portion the “Goodchild Lake” mining property (the “Property”).  The portion of the property being sold consists of 31 claim cells totaling approximately 500 hectares, and covers a prospective trend adjacent to the northwest portion of Canadian Orebodies 100% owned Black Raven Property.  As consideration for the purchase, Canadian Orebodies will issue Benton 100,000 common shares in the capital stock of the Canadian Orebodies and grant Benton a 1.5% net smelter returns royalty (“NSR”).  Canadian Orebodies will have the option to buy-down 50% of the NSR at any time for the sum of $750,000.  Closing of the acquisition is conditional upon the receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange.”
Jul 09, 2018 08:30 am ET
Benton Options New Silver Project to Quadro Resources
Thunder Bay, Ontario--(Newsfile Corp. - July 9, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") and Quadro Resources Inc (TSXV: QRO) ("Quadro") are pleased to announce that they have entered into an option agreement (the "Option") pursuant to which Quadro has acquired the right to earn Benton's 33.33% interest in the recently staked Conche Property (see Benton PR dated June 22, 2018) on Newfoundland's Great Northern Peninsula. In order to exercise the Option, Quadro is required to issue 1 million Quadro shares to the Company over an eighteen month period with 200,000 shares owed upon receipt of regulatory approval, a further 300,000 shares to be issued within six months of receipt of regulatory approval and the final 500,000 shares within eighteen months of receiving regulatory approval. Upon completion of the share payments, Benton will retain a 1% NSR with Quadro having the right to purchase 50% of the NSR for $500,000. The Option remains subject to approval by the TSX Venture Exchange.
Jul 04, 2018 11:19 am ET
Benton Completes Sale of Cape Ray Project for A$5.25 Million in Cash and Shares
Thunder Bay, Ontario--(Newsfile Corp. - July 4, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce that it has completed the sale of its 80% interest in the Cape Ray Gold project to Matador Mining Limited ("Matador") of Western Australia. Under the purchase agreement Benton received a total of A$3.25 million (A = Australian dollars) and 8,000,000 common shares of Matador based on an underlying value of A$0.25/share (the "Consideration Shares") for a total consideration of A$5.25 million. The Company also received 833,333 options exercisable at a price of A$0.30 a share for a period of 2 years following the date of issuance.
Jun 22, 2018 02:55 pm ET
Benton Completes Work on GNP and Cape Eagle and Makes New Discovery near Altius' Sail Pond Project
Thunder Bay, Ontario--(Newsfile Corp. - June 22, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company"), Metals Creek Resources Corp. (TSXV: MEK) (Metals Creek) and Quadro Resources Inc. (TSXV: QRO) are pleased to announce the acquisition of a new property on Newfoundland's Great Northern Peninsula where reconnaissance prospecting discovered a new Galena-Chalcopyrite-Zinc-Fluorite zone. The zone consists of a number of 2-10cm mineralized veins over a 20+ metre wide outcrop and a strike length of greater than 300m. Representatives of the three companies were sharing mobilization and transportation costs while working adjacent properties when the discovery was made, therefore agreed to stake the ground as equal partners.
May 31, 2018 09:21 am ET
Benton Receives Update from Matador on Cape Ray Transaction and Provides Exploration Update
Thunder Bay, Ontario--(Newsfile Corp. - May 31, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce that it has received an update from Matador Mining Limited ("Matador") that their shareholders, via a General Meeting held on May 29, 2018, have voted in favour of acquiring Benton's interest in the Cape Ray project (see Company PR dated March 26, 2018). Pursuant to the binding term sheet (the "Agreement"), Matador, a Western Australia-based exploration company, will acquire Benton's 80% interest in the four main Cape Ray Deposits (held in an 80%-Benton 20%-Nordmin Engineering Limited joint venture) as well as a 100% interest in its remaining land positions held along the gold-mineralized Cape Ray Fault Zone, which includes the Isle aux Morts and Big Pond deposits, for a cash payment of AUD $3.25 million and 8,000,000 common shares of Matador based on an underlying value of AUD $0.25 per share (the "Consideration Shares") for a total consideration of AUD $5.25 million (AUD $1 = $0.9751 CAD as at May 30, 2018). The Company will also receive 833,333 options exercisable at a price of AUD $0.30 per share for a period of two years following the date of issuance.
May 25, 2018 09:25 am ET
Benton Receives Results from Rio Tinto on Bark Lake Option
Thunder Bay, Ontario--(Newsfile Corp. - May 25, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce the receipt of positive exploration results from a diamond drill program completed by its partner, Rio Tinto Canada Exploration Inc. ("Rio Tinto") on the Company's Bark Lake Cu-Ni-PGE ("copper-nickel-platinum group element") project. Rio Tinto's summary report to Benton details the three holes (QTBL0001 to QTBL003, total 408 metres) drilled into the Bark Lake ultramafic intrusion which intersected peridotite from surface down to shallow depths of 32.0 to 61.0m. The best mineralisation was noted in drill hole QTBL0001 and described as fine-grained, disseminated, magmatic Cu-Ni mineralization in the olivine cumulate near the base of the ultramafic. Only trace amount of fine-grained interstitial pyrrhotite occurs near the base of the intrusive in QTBL0002, and no mineralization was seen in QTBL0003.
Apr 17, 2018 12:05 pm ET
Benton Receives Cash Payments for Cape Ray and Providence Agreements
Thunder Bay, Ontario--(Newsfile Corp. - April 17, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce that it has received two cash payments from its recently announced agreements that include AUD$90,000 for the second payment of the Providence Copper-Nickel-PGE property option (see Benton PR dated March 3, 2018) from Matador Capital Pty Ltd. and an advance payment of AUD$50,000 from Matador Mining Limited ("Matador") of Western Australia towards the sale of the Company's Cape Ray project in Newfoundland for AUD$5.25 million in cash and shares. (see Benton PR dated March 26, 2018)
Apr 13, 2018 08:30 am ET
Benton Completes Airborne Surveys in Newfoundland and Acquires High Grade Gold Project in Ontario
Thunder Bay, Ontario--(Newsfile Corp. - April 13, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") would like to provide an update on the Company's ongoing activities on the Great Northern Peninsula in Northern Newfoundland and Ontario. The Company has acquired two large land positions, the GNP and Cape Eagle projects, both being hosted in a black shale geological environment. Both projects are mapped by the Newfoundland government as having similar geology to that of White Metal Resources Corp's new discovery at their Gunners Cove project where they recently announced anomalous gold values over approximately a 15 sq-km area in black sedimentary shale units (see White Metal PR dated November 20, 2017). In addition, Benton's Cape Eagle project is adjacent to the east boundary of Altius Minerals Corporation's new Sail Pond discovery where Altius obtained grab samples up to 2,030 g/t silver, 7.08% copper, 9.40% lead, 2.54% antimony, 0.46 g/t gold on the property (see Altius Minerals Corporation website).
Apr 04, 2018 08:30 am ET
Benton Receives Discovery of the Year Award for Bedivere Gold Project
Thunder Bay, Ontario--(Newsfile Corp. - April 4, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce that it has received the 2017 Bernie Schnieders Discovery of the Year Award, for the Bedivere Gold Project. Benton received the honour last night, awarded by the Northwestern Ontario Prospectors Association ("NWOPA") Awards Committee. The Benton team accepted the award along with four prospectors from Traxxin Resources who made the original high grade gold discovery. Benton would like to thank the NWOPA committee for their acknowledgment of Benton's hard work advancing the prospect and are very appreciative to have received such a prestigious award. Benton would also like to acknowledge the support of Lac des Mille Lac First Nation, whose traditional territory surrounds the Bedivere Project.
Mar 29, 2018 08:10 am ET
Benton Continues to Intersect Gold at Bedivere Project
Thunder Bay, Ontario--(Newsfile Corp. - March 29, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to provide the latest diamond drill results at the Bedivere gold project located in northwestern Ontario. Highlights from the recent winter drill campaign include BED-18-022, the deepest hole to date on the Traxxin zone, which assayed 1.61g/t over 20.0m including 3.43g/t over 7.4m and 9.11g/t over 1.0m and 7.65g/t over 1.0m. The Company continues to delineate the distinctive higher grade plunge within the wider mineralized and altered structure.  During the current drill program the company encountered deeper overburden than expected to the north in the lake that posed a problem for the small drill thus two of the furthest holes to the north had to be abandoned. Two exploration holes were also drilled in the central part of the project to test ground geophysical induced polarization anomalies and linear magnetic bodies. The first was shut down short of target at 60m in altered volcanics due to loss of water and the second was drilled to a depth of 226m which encountered small zones of pyrite and pyrrhotite sulfide mineralization. The Company has now completed a total of 21 diamond drill holes on the Traxxin zone and a further 6 holes testing other targets on the project, totaling over 3000m. The latest results are listed below and a map can been viewed on the Company's website.
Mar 26, 2018 02:51 pm ET
IIROC Trading Resumption - BEX
VANCOUVER, March 26, 2018 /CNW/ - Trading resumes in:
Mar 26, 2018 02:27 pm ET
Benton to Sell Cape Ray for $5.25 Million in Cash and Shares
Thunder Bay, Ontario--(Newsfile Corp. - March 26, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce that it has signed a binding Term Sheet (the "Agreement") with Matador Mining Limited (ASX: MZZ) ("Matador") of Western Australia for the sale of its 80% interest in the four main Cape Ray Deposits (held in an 80%-Benton 20%-Nordmin Engineering Limited joint venture) as well as a 100% interest in its remaining land positions held in the Cape Ray mining belt, which includes the Isle aux Morts and Big Pond deposits, for a cash payment of A$3.25 million (A = Australian dollars) and 8,000,000 common shares of Matador based on an underlying value of A$0.25/share (the "Consideration Shares") for a total consideration of A$5.25 million. The Company will also receive 833,333 options exercisable at a price of A$0.30 a share for a period of 2 years following the date of issuance.
Mar 26, 2018 08:05 am ET
IIROC Trading Halt - BEX
VANCOUVER, March 26, 2018 /CNW/ - The following issues have been halted by IIROC:
Mar 20, 2018 08:30 am ET
Benton Initiates Airborne Geophysical Survey over Black Shale Projects in Northern Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - March 20, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") would like to provide an update on the Company's ongoing activities on the Great Northern Peninsula in Newfoundland. The Company has acquired two large land positions by staking: the GNP black shale gold property and the Cape Eagle property. Both projects are mapped by the Newfoundland government as having similar geology to that of White Metal Resources Corp's new discovery where they recently announced highly anomalous gold values from their Gunners Cove Project over approximately 15 square kilometres in sedimentary black shale units (see White Metal Resources Corp. PR dated November 20, 2017). In addition, Benton's Cape Eagle project is tied directly to the east of Altius Minerals Corp's new Sail Pond lead, zinc, copper, silver and gold discovery where Altius obtained grab samples up to 2,030 gpt Ag, 7.08% Cu, 9.40% Pb, 2.54% Sb, 0.46 gpt Au and 944 gpt Ag, 5.24% Cu, 7.6% Pb, 2.32% Zn, 0.30gpt Au (South Zone) and 803 gpt Ag, 3.58% Cu, 0.11% Pb, 1.04% Zn, 0.92% Sb, 0.17 gpt Au (North Zone) (see Altius web site).
Mar 03, 2018 12:17 pm ET
Benton Options Providence Ni-Cu-Co-PGM Project to Matador Capital
Thunder Bay, Ontario--(Newsfile Corp. - March 3, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce that it has executed a binding letter of intent ("LOI") with Matador Capital Pty Ltd. ("Matador"), a private Australian-based company, whereby Matador has acquired the right to acquire a 100% interest in Benton's Providence Copper-Nickel-PGM project (the "Option") located in the Northwest Territories within 70km from the Diavik Diamond Mine. Under the terms of the LOI, Benton has granted to Matador the exclusive right (the "Exclusivity Period") to negotiate the terms of the transaction, enter into a definitive agreement and/or exercise the Option during the 30 day period following execution of the LOI in consideration for the payment of A$10,000 (Australian denominated currency) within 10 days of signing the LOI. The Exclusivity Period will be automatically extended for the following periods at Matador's election provided they pay the following amounts to Benton:
Feb 27, 2018 08:30 am ET
Benton Increases Land Package at Cape Ray
Thunder Bay, Ontario--(Newsfile Corp. - February 27, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") would like to announce that it has acquired by staking an additional 131 claim units to cover the 22km south west extension of the Cape Ray Fault. This new ground encompasses highly favorable geology and structure in addition to several significant gold showings including Benton's 2017 sampling where selective grab samples returned trace to 4.2gpt (grams per tonne) gold. The new package of land covers historical zones where selective grab samples graded up to 7.7%% copper with 69.9gpt silver at the Stackhouse showing and 4.9% copper, 51gpt silver and 13.2gpt gold at the Cape Ray Copper #1 showing (Newfoundland Mineral Occurrence Database System). The geological description of the historic mineral occurrences is similar to that found at the Company's Cape Ray deposits and indicates potential to make further discoveries along the large land package controlled by Benton.
Jan 30, 2018 08:30 am ET
Benton Stakes New Black Shale Project and Provides Update
Thunder Bay, Ontario--(Newsfile Corp. - January 30, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") would like to announce that it has acquired the Cape Eagle project on the Great Northern Peninsula by staking 4 licenses containing 228 claim units which covers similar geology to that of the Company's GNP project and that of White Metal Resources Corp's new black shale discovery of anomalous gold values over approximately a 15 square kilometer area (see White Metal Resources Corp. PR dated November 20, 2017). Benton's management believes this gold-enriched black shale model exhibits many similarities to that of the large Sukhoi Log deposit located in Russia. The Company intends to immediately apply for a permit to conduct an electro-magnetic (EM) airborne survey which could be completed concurrently with that being completed at the Company's new black shale GNP project located 26 km to the north. The new property may also have base metal potential as it surrounds Altius Minerals Corporation's Sail Pond project which is host to high grade silver, copper, lead and zinc mineralization.
Jan 19, 2018 11:42 am ET
Benton Continues to Expand the Traxxin Gold Zone and Identifies New Prospective Areas at Bedivere Project
Thunder Bay, Ontario--(Newsfile Corp. - January 19, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to provide further drill results at the Bedivere Gold Project located in northwestern Ontario. Highlights from the most recent drill campaign concluded just before the end of 2017 include 7.87gpt gold over 2.1m in drill hole BED-17-016 and 2.73gpt gold over 4.0m in BED-17-019 (visible gold noted in core) which continue to expand the Traxxin gold zone to depth. The Company is now starting to see distinctive higher grade plunges within the wider mineralized and altered structure. These plunges and expansion of the gold zone along strike to the north will be the focus of the upcoming winter drill program scheduled to start this month. In addition, the most recently completed drill program has identified highly prospective areas along the mineralized structure to the south where wide zones of highly anomalous gold have been intersected including 42.0m of altered quartz breccias that grade 0.21gpt gold with locally higher grades up to 1.7gpt gold over 1.0m.
Jan 08, 2018 11:24 am ET
Benton Receives Permit for Airborne Survey on the GNP Gold Project, Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - January 8, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") would like to announce that it has received its permit from the Government of Newfoundland to complete an airborne survey (magnetic (Mag) and electromagnetic (EM)) over its 100%-owned GNP project located near St. Anthony in northwestern Newfoundland. The proposed survey is to the south of White Metal Resources Corp. and Metals Creek Resources Corp.'s projects. A recent discovery of anomalous gold values over approximately 15 sq km in black sedimentary shale units (See White Metal Resources PR dated November 20, 2017) is considered to be significant by the Company's management and could represent a new geological model for the island of Newfoundland. The Company will be flying 156 line-kilometres of airborne Mag-EM. During the late fall of 2017, the Company identified pyritic and graphitic black shales in several locations on its GNP project and limited sampling returned assays from 7ppb to 239ppb gold (Au). The 239ppb Au sample was collect near the southern boundary of Metals Creek's project and is located more than 10km south of White Metal's Gunners Cove discovery and is believed to be the same geological unit.
Dec 19, 2017 03:41 pm ET
Benton Announces Receipt of LEI Number
Thunder Bay, Ontario--(Newsfile Corp. - December 19, 2017) - Benton Resources Inc. (TSXV: BEX) (FSE: BR0) ("Benton" or "the Company") announces it has been assigned the Legal Entity Identifier ("LEI") number 529900I8UQ52ZGEP4254. The European Union has adopted regulations that require use of the LEI as a barcode equivalent aimed at pinpointing systemic risks.
Dec 18, 2017 09:14 am ET
Benton Provides Exploration Update
Thunder Bay, Ontario--(Newsfile Corp. - December 18, 2017) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") would like to provide an update on the Company's ongoing activities.
Nov 28, 2017 12:19 pm ET
Benton Seeks Interest for High Grade Copper-Nickel-Cobalt and Platinum Group Metal Project
Thunder Bay, Ontario--(Newsfile Corp. - November 28, 2017) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is would like to announce that with the current strong prices for copper, nickel, cobalt and palladium , it may be an opportune time to seek interest for the potential option, sale or joint venture of its 100%-owned Providence Copper-Nickel-Cobalt and Platinum Group Metals (Cu-Ni-Co-PGM) project. The property is located approximately 70 kilometers from the Diavik Diamond Mine where the existing ice road provides a potential access route. The property consists of 2 leases that cover approximately a 2.1km strike length of a recently recognized volcanic belt that is host to the first discovery of magmatic Copper-Nickel-Cobalt-Platinum Group Metals massive sulphide mineralization in the Slave Craton.  The project, which was first discovered by Arctic Star Exploration Corp. ("Arctic") in 2008 comes with an well established camp, equipment and a well assembled data base of drilling, geology, geophysics, geochemistry and modeling which has totaled more than $5.5 million in expenditures. The geology of the project is a well-recognized komatiitic-hosted deposit and to date has produced excellent results that include 5.1m grading 3.48% combined nickel + copper with 2.3 grams per tonne (gpt) platinum, palladium and rhodium and 2.3 meters of 11.2 gpt platinum, palladium,  rhodium, and other PGMs drilled by Arctic Star. Further drilling by Platinum Group Metals Ltd intersected 4.25mgrading 1.62% Ni, 1.04% Cur and 2.03gpt platinum+palladium and 3.65m of 1.79% Ni, 1.41% Cu with 2.28gpt platinum+palladium.  Microprobe work by the previous operators confirmed cobaltite occurs as discrete grains in sulphides and platinum group elements have been observed as large grains of bismuth-palladium-telluride along with iridium-rhodium-cobaltite in pyrrhotite. These zones are open for further drilling.
Nov 20, 2017 04:59 pm ET
Benton Provides Results of Annual General and Special Meeting of Shareholders and St. Anthony Project Acquisition
Thunder Bay, Ontario--(Newsfile Corp. - November 20, 2017) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to provide the results of its Annual General and Special Meeting of Shareholders held on November 20, 2017 in Thunder Bay, ON.  At the meeting, shareholders voted overwhelmingly in favour of all items proposed.  In particular shareholders voted to re-appoint Wasserman Ramsay, Chartered Accountants as the Company's auditor, and elected the Company's nominees for director: Stephen Stares, Clinton Barr, Michael Stares, John Sullivan and William Harper.
Nov 08, 2017 08:30 am ET
Benton Commences Second Phase Drill Program at Bedivere Gold Project
Thunder Bay, Ontario--(Newsfile Corp. - November 8, 2017) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce that it has commenced a second round of diamond drilling on its Bedivere Gold project located in northwestern Ontario. The program will consist of approximately 1,200m and is designed to test the main Traxxin zone at depth and along strike as well as to test multiple targets identified within the main structure corridor over a distance of 7km associated with Induce Polarization, Electro Magnetic, Magnetics and soil geochemistry survey work completed previously. The initial diamond drill holes of this program will test the 800m long conductor on the southern part of the main structure near Sandy Lake where highly anomalous and wide spread copper and zinc values occur in soil and rock geochemistry samples.
Nov 01, 2017 10:20 am ET
Benton Increases and Closes Previously Announced Non-Brokered Flow-Through Private Placement Financing
Thunder Bay, Ontario--(Newsfile Corp. - November 1, 2017) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") announces that further to its news release dated October 17, 2017, it has increased the flow-through private placement from $300,000 to $305,000. In addition, the Company is pleased to announce that it has submitted documents to the TSX Venture Exchange (the "Exchange") for approval of the non-brokered flow-through private placement for gross proceeds of $305,000, consisting of 3,812,500 flow through units ("FT Units") at a price of $0.08 per FT Unit. Each FT Unit includes one (1) full Common Share Purchase Warrant exercisable at $0.25 for 12 months from the date of issuance
Oct 19, 2017 09:25 pm ET
Benton Files Early Warning Report
Thunder Bay, Ontario--(Newsfile Corp. - October 19, 2017) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") advises that it has yesterday filed an early warning report in connection with the issuance by Quadro Resources Ltd. (TSXV: QRO) ("Quadro") to Benton of 4,000,000 common shares in the capital of Quadro (the "Shares") in consideration for Quadro acquiring all of Benton's interests in the Staghorn Gold Property, Newfoundland (see Company news release dated June 7, 2017). The Company's early warning report was filed on SEDAR in conjunction with this news release.
Oct 17, 2017 04:15 pm ET
Benton Announces Non-Brokered Flow-Through Private Placement Financing and Receipt of Option Payment
Thunder Bay, Ontario--(Newsfile Corp. - October 17, 2017) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is pleased to announce that it is arranging a non-brokered private placement financing of flow-through units ("FT Units") to raise gross proceeds of up to $300,000 (the "Offering").
Oct 12, 2017 06:33 pm ET
Quadro Announces Approval of Option to Acquire Staghorn Property, Shares for Debt, and Qualifies for Graduation to Tier 2 of the TSX Venture Exchange
Vancouver, British Columbia--(Newsfile Corp. - October 12, 2017) - Further to its August 21, 2017 news release, Quadro Resources Ltd. ("Quadro" or the "Company") (TSXV: QRO.H) is pleased to announce that the TSX Venture Exchange has accepted for filing the option agreement (the "Option Agreement") with Metals Creek Resources Corp. (TSXV: MEK ) ("Metals Creek") and Benton Resources Inc. (TSXV: BEX) ("Benton") (see Quadro's news release dated June 6, 2017) whereby Quadro will be provided with an option to acquire a 100% interest in Metals Creek's and Benton's Staghorn property, located in Newfoundland, and all rights to their newly optioned Rose Gold property (the Rose Gold property is contiguous with the northern border of the Staghorn property, and is further described in Metals Creek's press release of April 12, 2017) (collectively the "Option"). Under the terms of the Option Agreement Quadro will be issuing 4,000,000 common shares to each of Benton and Metals Creek. Quadro has assumed all of Metals Creek's and Benton's obligations under the Rose Gold property option, and will be issuing 450,000 common shares to Shawn Rose.
Oct 06, 2017 09:11 am ET
Metals Creek and Benton Advised that Quadro Closes $1.385 Million Private Placement Financing
Toronto Ontario--(Newsfile Corp. - October 6, 2017) - Metals Creek Resources Corp. (TSXV: MEK ) ("Metals Creek") and Benton Resources Inc. (TSXV: BEX) ("Benton") are pleased to announce that they have been advised by Quadro Resources Ltd. ("Quadro), that Quadro has filed documents with the TSX Venture Exchange seeking final approval of its private placement financing previously announced June 6, 2017, and June 30, 2017 (see Quadro release dated 05 Oct 2017). On exchange approval, the company will issue 7.41 million units, each unit consisting of one common share and one common share purchase warrant, each warrant being exercisable at 15 cents for 18 months from closing, and 6,448,500 flow-through units, each flow-through unit consisting of one common flow-through share and one-half of a common share purchase warrant, with each full warrant being exercisable at 20 cents for 18 months from closing.
Apr 12, 2017 09:00 am ET
Benton and Metals Creek Option New Gold Discovery in Staghorn Property Area, Central Newfoundland
Benton Resources Inc. (TSX VENTURE: BEX) ("Benton") and Metals Creek Resources Corp. (TSX VENTURE: MEK) ("Metals Creek") are pleased to announce that they have jointly executed a letter of intent (the "Agreement") with a Newfoundland prospector (the "Vendor") pursuant to which Metals Creek and Benton have been granted the option to acquire a 100% interest (50% each) in 22 claim units (the "Property") located in the Victoria Lake area, Central Newfoundland.
Apr 12, 2017 08:58 am ET
Benton and Metals Creek Option New Gold Discovery in Staghorn Property Area, Central Newfoundland
Benton Resources Inc. (TSX VENTURE:BEX) ("Benton") and Metals Creek Resources Corp. (TSX VENTURE:MEK) ("Metals Creek") are pleased to announce that they have jointly executed a letter of intent (the "Agreement") with a Newfoundland prospector (the...
Apr 04, 2017 04:26 pm ET
Benton Notifies Readers of a Clarification of Terminology From the Press Release of March 31, 2017 for the Cape Ray Project
Benton Resources Inc. (TSX VENTURE: BEX) ("Benton" or "the Company") has received updated clarification from its joint venture partner Nordmin Engineering Ltd. ("Nordmin") regarding the preliminary economic assessment ("PEA") announced March 31, 2017. Nordmin reports that during the independent review process, an error in the interpretation of the 2017 potential underground material of the 51 Zone at the Cape Ray gold project was discovered. To clarify, there were not any errors in any portion of the mineral resource previously provided within the
Apr 04, 2017 04:26 pm ET
Benton Notifies Readers of a Clarification of Terminology From the Press Release of March 31, 2017 for the Cape Ray Project
Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") has received updated clarification from its joint venture partner Nordmin Engineering Ltd. ("Nordmin") regarding the preliminary economic assessment ("PEA") announced March 31,...
Apr 03, 2017 12:20 pm ET
Benton Provides Update on Ongoing Exploration at Bedivere Gold Project
Benton Resources Inc. (TSX VENTURE: BEX) ("Benton" or "the Company") is pleased to announce that exploration work at the Bedivere gold project is progressing well as the company prepares for diamond drilling anticipated to start early this field season. Work to date includes baseline establishment, soil sampling, trail creation and limited mechanical trenching has been completed. The trenching has been limited to the Traxxin gold zone and another gold showing located a further 800m southwest along the strike of the mineralized structure. Surface grab samples from the
Apr 03, 2017 12:20 pm ET
Benton Provides Update on Ongoing Exploration at Bedivere Gold Project
Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") is pleased to announce that exploration work at the Bedivere gold project is progressing well as the company prepares for diamond drilling anticipated to start early this field...
Mar 31, 2017 05:37 pm ET
Benton Notified of Revisions to the Positive PEA for the Cape Ray Gold Project, Newfoundland
Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") has received updated numbers from its joint venture partner Nordmin Engineering Ltd. ("Nordmin") regarding the preliminary economic assessment ("PEA") announced February 9, 2017....
Mar 31, 2017 05:37 pm ET
Benton Notified of Revisions to the Positive PEA for the Cape Ray Gold Project, Newfoundland
Benton Resources Inc. (TSX VENTURE: BEX) ("Benton" or "the Company") has received updated numbers from its joint venture partner Nordmin Engineering Ltd. ("Nordmin") regarding the preliminary economic assessment ("PEA") announced February 9, 2017. Nordmin reports that during the independent review process, an error in the interpretation of the 2017 resource block model for the underground portion of the 51 Zone at the Cape Ray Gold Project was discovered. Due to the error, the ounces of gold for the underground portion of the 51 Deposit were overstated
Mar 27, 2017 09:57 am ET
Benton Options Newly Acquired Bold Cobalt-Copper-Nickel Project to Ardiden Ltd.
Benton Resources Inc. (TSX VENTURE: BEX) ("Benton" or "the Company") is pleased to announce that the Company has acquired through staking, a 100% interest in the Bold cobalt-copper-nickel project located 50km NE of Mine Centre, Ontario. The Project is easily accessible by new logging roads throughout the area.
Mar 27, 2017 09:57 am ET
Benton Options Newly Acquired Bold Cobalt-Copper-Nickel Project to Ardiden Ltd.
Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") is pleased to announce that the Company has acquired through staking, a 100% interest in the Bold cobalt-copper-nickel project located 50km NE of Mine Centre, Ontario. The Project...