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...
2019-12-11 2:11 PM EST
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). Under the Transaction, Benton has agreed to acquire all of...
2019-11-11 9:53 AM EST
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...
2019-10-24 9:00 AM EDT
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...
2019-10-15 9:37 AM EDT
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...
2019-10-10 8:30 AM EDT
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). Under the Transaction, Benton has agreed to acquire all of...
2019-10-01 9:00 AM EDT
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...
2019-09-10 8:30 AM EDT
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). Under the PAN Agreement, Benton has agreed to acquire all of Panoramic'
2019-09-03 8:30 AM EDT
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. Below is the release...
2019-08-02 8:30 AM EDT
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 Escape Lake Discovery
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 th
2019-07-29 8:00 AM EDT
Benton Resources to Acquire High Grade PGM Deposits: Panoramic's Thunder Bay North Deposit and Rio Tinto's Escape Lake Discovery
Highlights: High-grade, near-surface Platinum Group Metals (PGM) deposits with a historic resource. Excellent infrastructure, with a paved highway and established logging roads. Drilling highlights on the 30,000 hectare Thunder Bay North (TBN) Property include historic high-grade intercepts of 46.65 m @ 10.1 g/t Platinum+Palladium+Gold (5.267g/t Pt + 4.555g/t Pd + 0.324g/t Au) with 1.62% Copper+Nickel (1.154% Cu + 0.465% Ni), incl. 13.0 m @ 33.2 g/t Pt+Pd+Au (17.305g/t Pt + 14.817g/t Pd +...
2019-07-02 1:02 PM EDT
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...
2019-06-13 10:53 AM EDT
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. The survey will be a valuable tool in delineating structure and lithological contacts, two very important features which control gold mineralization throughout the Red Lake District. Benton will use this survey to prioritize targets for...
2019-05-16 2:33 PM EDT
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...
2019-04-25 8:30 AM EDT
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. Stephen Stares, President and CEO of Benton, commented: "We are delighted to be working with Cathy and her team at CHF. Considering Benton's recent developments as well as near-term planned initiatives, now is the right time for us to...
2019-03-28 11:25 AM EDT
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. Highlights: Each hole returned anomalous gold values. Drilling has identified an extensive, 5+ metre quartz flooded shear zone containing variable amounts of pyrite and silicification associated with gold...
2019-03-27 1:36 PM EDT
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...
2019-03-04 7:30 AM EST
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...
2019-02-12 2:30 PM EST
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...
2019-01-15 4:00 PM EST
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...
2019-01-09 8:30 AM EST