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Benton Resources - cash value und gute Projekte


WKN: A1J1ME | Symbol: BEX
0,045
C$
18.09.19
TSX Venture
0,00 %
0,000 CAD

Neuigkeiten zur Benton Resources Aktie


Begriffe und/oder Benutzer

 

Gestern Einstieg in Benton Resources.

www.bentonresources.ca

Mit ca. 5 Millionen Cash und einer derzeitigen MK von gerade mal knapp 7 Millionen, notiert die Aktie nahe ihrem Cashwert.
Dazu kommen die zahlreichen guten Projekte, teils eigene, teils JV.

Ausgegebene Aktien gerade mal rund 77 Millionen.

Der CEO war ebenfalls bei ION involviert, zieht sich dort nun zurück, um seine ganze Kraft Benton zu widmen. Ich vermute deshalb hier in Kürze schöne News.

Benton's chart suggests it needs all the attention Mr. Stare

Stephen Stares's Alset Energy Corp. (ION), down one-half cent to 37 cents on 150,000 shares, has appointed Timothy Oliver as president and CEO. He replaces Mr. Stares, who will remain a director. Mr. Stares says he needs more time to attend to his duties as president and CEO of Benton Resources Inc. (BEX: $0.09). (Benton's chart suggests it needs all the attention Mr. Stares can offer.) Mr. Stares points out that Mr. Oliver is familiar with lithium promotion and exploration as he was vice-president of project development for Lithium X Energy Corp. (LIX: $2.16) until February. He was, but Lithium X was just getting its lithium play rolling when Mr. Oliver left to "pursue other opportunities." The main opportunity, which he finally caught in late May, began with him serving as an adviser to Alset.

Mr. Oliver's first task will be completing the company's private placement of up to 790,000 flow-through shares at 38 cents and 5.67 million regular shares at 30 cents. The $2-million Alset hopes to raise is for the company's graphite and lithium prospects in Ontario and a lithium project in Mexico. The latter prospect is apparently to be the company's focus. When Alset finalized the acquisition of 10 lithium concessions in Mexico in mid-July, Mr. Stares said he was looking forward to "aggressively exploring" them. Mr. Oliver apparently shares Mr. Stares's enthusiasm for Mexico and lithium, as he said much about the country and the metal, but nothing at all about Ontario graphite. Alset's lithium prospect at Wisa Lake, in Northwestern Ontario, is also likely to get a look as the company will (it hopes) have nearly $300,000 in flow-through cash to spend in Canada.

© 2016 Canjex Publishing Ltd. All rights reserved.

Read more at http://www.stockhouse.com/companies/bullboard/v.bex/benton-r…
Schönes Volumen gestern. Da baut sich Kaufdruck auf, schaut man in die Orderbücher.
THUNDER BAY, ONTARIO--(Marketwired - Aug. 25, 2016) - Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") is pleased to provide shareholders with an update on its ongoing exploration and plans.

As previously announced, the Company and its joint venture partner Nordmin Engineering Ltd. ("Nordmin") have mobilized a drill to the Cape Ray project to commence a 5,000 metre drill program. The current drill program is designed to infill and expand the 51 and 41 deposits to provide greater confidence in the current resource as the partners advance the project towards feasibility.

In March of this year (see PR March 07, 2016) the companies released the results of a positive preliminary economic assessment ("PEA") for Cape Ray. The results of the PEA include a pre-tax net present value ("NPV") at a 7% discount rate of $48.4 million with a pre-tax internal rate of return ("IRR") of 29% and a post-tax NPV at a 7% discount rate of $32.6 million with a post-tax IRR of 24%. The reader should be cautioned that the PEA is preliminary in nature. It contains inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves.

The Company would like to remind its shareholders of the current equities positions and projects retained by Benton including 1.3 million shares of Mineral Mountain Resources Ltd., 1.0 million shares of Alset Energy Corp., 191,500 shares of Alabama Graphite Corp. and other small equity holdings.

Projects held by the Company include:

Iron Duke (Gold)

Acquired by staking this winter and located in the Sturgeon Lake district
Trenching to begin shortly on historical gold zones and followed by diamond drilling if warranted
Recent selective grab samples have returned significant gold grades of up to 20.4gpt gold (grams per tonne).
Panama (Gold)

Located in the Red Lake mining district
Project is host to limited historical diamond drilling with results up to 1.2gpt Au over 15m including 2.8gpt Au over 4.5m
Claims cover the highest gold grain count found by a regional till sampling program published by the Geological Survey of Canada (OF 3038) in 1999
Benton is planning further till sampling, prospecting and trenching to commence this fall to be followed by diamond drilling if warranted
Abernethy (Gold)

Located 10km southwest of Kenora, Ontario
Currently under option to Element 79 Capital Inc. whom is expected to commence drilling shortly after they close their financing in September 2016
Benton completed nine drill holes on the project in 2011 to follow up on a historical drill hole which graded 6.3gpt Au over 6.1m. The nine hole drill program intersected gold mineralization over a strike length of 450m and is open in all directions
Saganaga (Gold)

Located in the Shebandowan Greenstone belt with a large land position hosting multiple gold zones
Highlights from drilling include 5.0gpt Au over 20.6m in the Star Zone and 32.0gpt over 5.9m on the Powell Zone.
Mealy Lake (Copper-Nickel-PGE)

Located in a under-explored region of Labrador
Multiple new showings of greater than 1% copper from net-textured magmatic sulphide mineralization that is coincident with electromagnetic anomalies recently determined from a new airborne magnetic - electromagnetic airborne survey
The targets are ready for drill testing
Providence (Copper-Nickel-PGE)

Located in the Northwest Territories
Existing camp in place and included with the project
Previous drill intercepts of 5.1m grading 1.73% nickel with 1.75% copper and 0.17% cobalt
Grades in excess of 8.0gpt platinum have also been obtained over 2.0m in drilling and is open for expansion
Kingurutik (Copper-Nickel-Cobalt)

Located 65km north of Voisey Bay, Labrador
Under partnership with Teck Resources Limited
Drill intercepts include 10.2m grading 0.54% Cu, 0.49% Ni and 0.08% Co
Bark Lake (Copper-Nickel-PGE)

Located in northern Ontario; possible western extension of the Mid Continent Rift system which contains the Eagle Mine (Lundin Mining Corp.) and Thunder Bay North Deposit (Panoramic Resources Ltd.)
Boulders grading up to 4.35gpt Pd, 2.64gpt Pt, 0.74gpt Au, 1.2% Cu and 0.5% Ni
Individual assays from selective grab samples include 1.5% Nickel, 1.2% Copper, 2.6 gpt Pt, 1.4gpt Pd and 0.7gpt Au.
Armit Lake (Copper-Nickel-Cobalt-Gold)

Located in northern Ontario
Benton drill highlights include 1.57% Ni and 0.08% Co over 7.8m including 3.7% Ni and 0.2% Co over 2.55m
DC Creek showing - 4.2% Ni; other sampling includes 25.4gpt Au
Benton is currently seeking partners for many of these projects and interested parties are encouraged to contact the Company for further details and reports. More information can be found on Benton's web site at www.bentonresources.ca.

In addition, the Company is pleased announce that it has retained the services of Renmark Financial Communications Inc. to handle its investor relations activities.

"We are pleased to announce that we have selected Renmark to reinforce Benton's profile in the financial community and enhance the visibility of our project portfolio. We choose Renmark because its standards and methodologies fit best with the message we wish to communicate to the investing public," noted Stephen Stares, President of Benton Resources Inc.

In consideration of the services to be provided, the Company has agreed to pay a monthly retainer of $4,000 starting September 1st, 2016 to Renmark Financial Communications Inc.


Read more at http://www.stockhouse.com/news/press-releases/2016/08/25/ben…
Der CEO kauft weiter Aktien seines Unternehmens. Da kamen dieses Jahr schon einige zusammen:


Filing
Date Transaction
Date Insider Name Ownership
Type Securities Nature of transaction Volume or Value Price
Aug 25/16 Aug 25/16 Stares, Stephen Indirect Ownership Common Shares 10 - Acquisition in the public market 15,000 $0.085
Aug 25/16 Aug 25/16 Stares, Stephen Indirect Ownership Common Shares 10 - Acquisition in the public market 5,000 $0.080
May 18/16 May 18/16 Stares, Stephen Direct Ownership Common Shares 10 - Acquisition in the public market 25,000 $0.070
Apr 29/16 Apr 29/16 Stares, Stephen Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.050
Apr 26/16 Apr 26/16 Stares, Stephen Direct Ownership Common Shares 10 - Acquisition in the public market 65,000 $0.045
Apr 1/16 Apr 1/16 Stares, Michael Direct Ownership Common Shares 10 - Acquisition in the public market 355,000 $0.050
Apr 1/16 Apr 1/16 Stares, Michael Direct Ownership Common Shares 10 - Acquisition in the public market 125,000 $0.050
Mar 30/16 Mar 29/16 Stares, Michael Direct Ownership Common Shares 10 - Acquisition in the public market 198,000 $0.050

Quelle: canadianinsider.com
THUNDER BAY, ONTARIO--(Marketwired - Sept. 14, 2016) - Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") is pleased to announce that its joint venture partner Nordmin Engineering Ltd. ("Nordmin"), has mobilized a second drill to the Cape Ray project to complete the current 5000 meter drill program. The current drill program is designed to infill and expand the 51 and 41 deposits to provide greater confidence in the current resource as the partners advance the project towards feasibility. To date the Companies have completed approximately 1600 meters of drilling and core logging and cutting of samples are currently underway and results well be released when received and compiled.

In addition, in order to keep the Cape Ray project moving forward in the most productive and efficient way, both Benton and Nordmin have agreed to amend several sections of the previously announced Option and Joint Venture agreements (see PR dated October 6, 2014). Specifically, Benton and Nordmin agreed to add into the agreement a requirement by Nordmin to drill not less than 10,000 meters by August 30, 2017. The first 5,000m portion of this program, which is underway, is to be completed by November 15, 2016 and is designed to assist with the preparation of a pre-feasibility study by January 31, 2017. The second 5,000m phase of drilling will commence no later than June 15, 2017 and is designed to assist with the preparation of a feasibility study on the main deposits of the project by October 31, 2018. Should Nordmin fail to complete the second phase of drilling, the pre-feasibility study or the feasibility study in the timelines described, the option will revert to a joint venture under the applicable earned interest.

Under the initial agreement, Nordmin was required to complete an Environmental Assessment and Impact review in respect of the main deposits encompassing the Cape Ray option agreement by August 31, 2016 in order for Nordmin to earn an additional 10% interest in the project (taking their interest to 30%). The Company and Nordmin have agreed to remove this term from the agreement and replace it with the requirement to complete an Environmental Assessment and Environmental Impact Study and the requirement to secure the necessary permits for a mine, mill and related plant by a date that is to be agreed upon by both parties within 30 days after the Newfoundland government responds to the Project Description. Should Benton and Nordmin not reach an agreed upon completion date, one will be determined by arbitration. Completion of this amended term will take Nordmin's interest to 30%.

In addition, the initial agreement required Nordmin to complete a bankable feasibility on the main deposits of the project by August 31, 2017 in order to increase their interest by 10% (to 40% in aggregate). This term was amended to allow Nordmin until October 31, 2018 to complete the bankable feasibility study. All other terms of the initial agreement remain unchanged.

In March 2016 (see PR dated March 7, 2016), the companies released the results of a positive preliminary economic assessment ("PEA") for the Cape Ray project. The results of the PEA include a pre-tax net present value ("NPV") at a 7% discount rate of $48.4 million with a pre-tax internal rate of return ("IRR") of 29% and a post-tax NPV at a 7% discount rate of $32.6 million with a post-tax IRR of 24%. The reader should be cautioned that the PEA is preliminary in nature. It contains inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. The current drill campaign will assist in potentially reclassifying some of the inferred resources into indicated resources which would increase the confidence level of the project as it moves towards the feasibility.

In addition, the Company would like to announce that it intends to complete a non-brokered flow-through private placement of shares. The Company intends to issue up to 2,000,000 flow-through shares at a price of $0.10 per share for aggregate proceeds of up to $200,000. Funds raised in the private placement will be used to advance the Company's current and ongoing exploration stage projects such as Iron Duke and Panama gold projects located in Ontario.

About Benton Resources Inc. (TSX VENTURE:BEX)

Benton Resources Inc is a well-funded Canadian-based junior with a diversified property portfolio in Gold-Silver, Nickel, Copper, and Platinum group elements.


Read more at http://www.stockhouse.com/news/press-releases/2016/09/14/ben…
THUNDER BAY, ONTARIO--(Marketwired - Sept. 27, 2016) - Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") is pleased to announce that it has filed with the TSX Venture Exchange (the "Exchange") for final approval of its $200,000 flow-through financing (the "Financing"), previously announced September 14, 2016. On approval from the Exchange the Company will issue 2,000,000 flow-through shares at a price of $0.10 per share for aggregate proceeds of $200,000. There will be a statutory 4-month hold period on the shares issued pursuant to the Financing expiring January 28, 2017.

Funds raised in the private placement will be used to advance the Company's current and ongoing exploration stage projects such as Iron Duke and Panama gold projects located in Ontario.

About Benton Resources Inc. (TSX VENTURE:BEX)

Benton Resources Inc is a well-funded Canadian-based junior with a diversified property portfolio in Gold-Silver, Nickel, Copper, and Platinum group elements.

Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Inc., is the qualified person responsible for this release.

On behalf of the Board of Directors of Benton Resources Inc.,

Stephen Stares, President

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Benton Resources Inc.
Stephen Stares
(807)475-7474
(807)475-7200
www.bentonresources.ca


Read more at http://www.stockhouse.com/news/press-releases/2016/09/27/ben…
THUNDER BAY, ONTARIO--(Marketwired - Oct. 18, 2016) - Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") is pleased to announce that the Company and its joint venture partner Nordmin Engineering Ltd. ("Nordmin") have now completed 5000m of diamond drilling in 29 holes on the Cape Ray Gold project located on the Cape Ray Fault in Southwest Newfoundland. To date more than 480 samples have been cut and sent for assay with another 240 samples remaining to be cut and submitted. Nordmin is earning up to a 50% interest in 4 of the 6 deposits (see Benton PR January 20, 2015) owned by Benton by completing various work programs and project milestones as well as carrying Benton to a full feasibility study and arranging 50% of project financing to production.

In March of this year the companies released the results of a positive preliminary economic assessment ("PEA") for their Cape Ray Gold Project (see PR March 07, 2016). The results of the PEA include a pre-tax net present value ("NPV") at a 7% discount rate of $48.4 million with a pre-tax internal rate of return ("IRR") of 29% and a post-tax NPV at a 7% discount rate of $32.6 million with a post-tax IRR of 24%. The reader should be cautioned that the PEA is preliminary in nature. It contains inferred mineral resources that are considered too speculative to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. The current drill campaign will help bring some of the inferred resources into indicated which will help with the confidence level of the project as we move towards the feasibility study.

Within the past number of weeks, a staking rush has occurred in Newfoundland with over 5,000 claim units staked by various parties including Altius Minerals, Metals Creek Resources, Sokoman Iron, Prospector Shawn Ryan, along with many others. The staking is concentrated on the Cape Ray Fault zone and the Rogerson Lake Conglomerate, which is interpreted to be a north east extension of the auriferous zone which is host to Benton's six Cape Ray gold deposits. Marathon Gold's Valentine Lake deposits (over 1 million oz Au), Benton's Staghorn project and Altius Minerals' Wilding Lake project all occur along this trend and Altius has lead the staking rush, adding claims throughout the belt and in most cases tying directly along strike from Benton's projects.

On September 20, 2016, Altius Minerals announced the discovery of widespread and high-grade gold occurrences, including the Alder zone, on their Wilding Lake Project, northeast of Marathon's Valentine Lake deposits. The discoveries are described by Altius as follows:

"Mineralization at the Alder Zone occurs as coarse, free gold in association with chalcopyrite, rare scheelite, and gold-silver telluride, in association with tourmaline bearing quartz veins. One hundred and seven cut channel samples collected to date from outcrop in trenches have yielded uncut gold values ranging up to 13.9 g/t over 4.0 m, 5.4 g/t over 3.6 m, and 49.3 g/t over 4.6 m (including 279 g/t gold over 0.9 m). Several additional gold occurrences in outcrop and float have also been discovered by reconnaissance prospecting along trend up to 3.5 km away from the Alder Zone. Also, two initial grab samples from a recently exposed pyrite-bearing shear zone occurrence named Jigger, located 15.2 km to the northeast, have returned results of 8.4 and 19.7 g/t gold in grab samples."

Stephen Stares, Company President and CEO stated "this is a very exciting time for the island of Newfoundland and for Benton Resources. In the last few weeks, a major staking rush has occurred on a trend that Benton's team has long recognized as being highly prospective for good gold deposits. During the last downturn in the mining industry, Benton had the foresight to acquire an excellent asset in the Cape Ray project containing a proven gold resource along the Cape Ray structure and we remain well positioned by having multiple projects on this important structure. Benton and Marathon currently possess the most advanced projects along this gold trend and our team looks forward to advancing the Cape Ray deposits toward development".

In addition the company would like to announce that it has terminated its option with Element 79 Capital Inc. (Element) on its Abernethy gold project located in NW Ontario. Element was unable to fulfill the terms under the agreement (See PR dated February 25, 2015). Benton now retains 100% interest in Abernethy.

About Benton Resources Inc. (TSX VENTURE:BEX):

Benton Resources Inc. is a well-funded Canadian-based junior with a diversified property portfolio in Gold-Silver, Nickel, Copper, and Platinum group elements.

Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Inc., is the qualified person responsible for this release.

On behalf of the Board of Directors of Benton Resources Inc.,

Stephen Stares, President

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

Benton Resources Inc.
Stephen Stares
President
(807) 475-7200
(807) 475-7474
www.bentonresources.ca

Renmark Financial Communications Inc.
Bettina Filippone
Investor Relations
(416) 644-2020 or (514) 939-3989
bfilippone@renmarkfinancial.com
www.renmarkfinancial.com


Read more at http://www.stockhouse.com/news/press-releases/2016/10/18/ben…
THUNDER BAY, ONTARIO--(Marketwired - Oct. 25, 2016) - Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") is pleased to announce that it has executed an option to joint venture agreement (the "Option") with Rio Tinto Exploration Canada Inc. ("RTEC") (a wholly-owned subsidiary of Rio Tinto) on the Company's 100%-owned Bark Lake copper, nickel and platinum group elements ("Cu-Ni-PGE") project. The Bark Lake project is located approximately 140km west of Thunder Bay, Ontario.

Under the terms of the Option, RTEC can earn a 70% interest by incurring $3 million in exploration expenditures and by paying Benton $50,000 cash over 5 years (the "First Option"). After the First Option period, RTEC may either form a joint venture with Benton on a 70/30 basis or, at its election, increase its interest to 80% (the "Second Option") by spending an additional $5 million in exploration expenditures over 4 years and by paying Benton $100,000 cash within 30 days after electing to exercise the Second Option. Upon exercising the Second Option, RTEC may elect to form a joint venture with Benton on an 80/20 basis.

The Company is extremely pleased to have executed this agreement with RTEC.

About Benton Resources Inc. (TSX VENTURE:BEX)

Benton Resources Inc is a well-funded Canadian-based junior with a diversified property portfolio in Gold-Silver, Nickel, Copper, and Platinum group elements.

Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Inc., is the qualified person responsible for this release.

On behalf of the Board of Directors of Benton Resources Inc.,

Stephen Stares, President

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

Stephen Stares
(807)475-7474
(807)475-7200
www.bentonresources.ca

Investor Relations:
Renmark Financial Communications Inc.
Bettina Filippone
bfilippone@renmarkfinancial.com
(416) 644-2020 or (514) 939-3989
www.renmarkfinancial.com


Read more at http://www.stockhouse.com/news/press-releases/2016/10/25/ben…
Sehr guter Newsflow aktuell

THUNDER BAY, ONTARIO--(Marketwired - Oct. 26, 2016) - Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") is pleased to announce that Benton has staked 20 claims located 2.5km along trend and contiguous to Altius Minerals' ("Altius") Alder Zone. Benton acquired the ground through a recent staking rush and was fortunate enough secure a favourable land position prior to other competing parties who were pursuing the same claim package. On September 20, 2016 (see Altius PR), Altius announced the discovery of wide-spread and high-grade gold occurrences on their Wilding Lake Project, containing the Alder Zone, located northeast of Marathon's Valentine Lake deposits. The discoveries are described by Altius as follows:

"Mineralization at the Alder Zone occurs as coarse, free gold in association with chalcopyrite, rare scheelite, and gold-silver telluride, in association with tourmaline bearing quartz veins. One hundred and seven cut channel samples collected to date from outcrop in trenches have yielded uncut gold values ranging up to 13.9 g/t over 4.0 m, 5.4 g/t over 3.6 m, and 49.3 g/t over 4.6 m (including 279 g/t gold over 0.9 m). Several additional gold occurrences in outcrop and float have also been discovered by reconnaissance prospecting along trend up to 3.5 km away from the Alder Zone. Also, two initial grab samples from a recently exposed pyrite-bearing shear zone occurrence named Jigger, located 15.2 km to the northeast, have returned results of 8.4 and 19.7 g/t gold in grab samples."

Benton will deploy prospectors to the project shortly in order to evaluate the geology, mineralization and overall potential of the project.

In addition, Benton would like to announce that it has staked an additional 4 claims to increase the size of its recently acquired Iron Duke project to 91 units in aggregate. Trenching is currently underway to open the areas where the Company obtained anomalous gold values including areas where sampling returned grades from trace up to 20 g/t Au in grab samples. Results of this program will be released once received and compiled by the Company.

About Benton Resources Inc. (TSX VENTURE:BEX)

Benton Resources Inc is a well-funded Canadian-based junior with a diversified property portfolio in Gold-Silver, Nickel, Copper, and Platinum group elements.

Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Inc., is the qualified person responsible for this release.

On behalf of the Board of Directors of Benton Resources Inc.,

Stephen Stares, President

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

Benton Resources Inc.
Stephen Stares
(807) 475-7200
(807) 475-7474
www.bentonresources.ca

Investor Relations: Renmark Financial Communications Inc.
Bettina Filippone
(416) 644-2020 or (514) 939-3989
bfilippone@renmarkfinancial.com
www.renmarkfinancial.com


Read more at http://www.stockhouse.com/news/press-releases/2016/10/26/ben…


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