Benton Resources - cash value und gute Projekte (Seite 20)

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    ISIN: CA0832981090 · WKN: A1J1ME · Symbol: BEX
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     Ja Nein
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      schrieb am 02.11.16 15:20:20
      Beitrag Nr. 14 ()
      Antwort auf Beitrag Nr.: 53.605.428 von hbg55 am 02.11.16 15:10:00
      :eek::eek:


      derweil vermag goldkurs erneut widerstand bei usd 1300,- oz zu überwinden...........

      Dieses Bild ist nicht SSL-verschlüsselt: [url]http://www.kitco.com/images/live/gold.gif
      [/url]



      akt.........usd 1304,40


      :):look:
      Avatar
      schrieb am 02.11.16 15:10:00
      Beitrag Nr. 13 ()
      Antwort auf Beitrag Nr.: 53.149.431 von Stockplan am 27.08.16 08:32:42

      moin SP,

      ....hab mich DEM auch mal angeschlossen und ne erste posi vom markt gefischt - SOOO verkehrt
      scheints mir nicht zu sein....grad auf akt. kurslevel bzw. einer MK von grad mal 8,3...........





      vol. springt nach gestriger PR mächtig an auf jetzt schon knapp 1,2mio bzw. neuem
      jahres- HOCH von................cad 0,105


      :):look:
      2 Antworten
      Avatar
      schrieb am 01.11.16 17:52:27
      Beitrag Nr. 12 ()
      Benton Resources signs LOI to acquire Bedivere property



      2016-11-01 12:40 ET - News Release


      Mr. Stephen Stares reports

      BENTON ACQUIRES NEW HIGH GRADE GOLD DISCOVERY

      Benton Resources Inc. has signed a binding letter of intent (LOI) to enter into an option agreement with Traxxin Resources, a privately owned company, to acquire a 100-per-cent interest in its Bedivere property located 130 kilometres west of Thunder Bay, Ont., and 18 kilometres north of Highway 11/17, accessible by new logging roads in the area. Recent prospecting by Traxxin resulted in a new high-grade gold discovery where surface grab samples have returned assays ranging from trace up to 1,281 grams per tonne gold (41 ounces), some of which contain impressive visible gold (see company website for photos). These samples were taken from the Traxxin occurrence in a small pit that was dug on the west side of a large quartz vein system that ranges from four metres to at least 20 metres wide before being lost under shallow overburden. The Traxxin occurrence has been traced on surface for 250 metres. Benton completed limited due diligence surface sampling along the 250-metre-long partially exposed quartz system and confirmed the presence of highly anomalous gold from trace to 2.5 grams per tonne gold. In addition, the company had previously identified gold in surface sampling 1.5 kilometres to the southwest along the same structure, which graded from trace up to 3.4 grams per tonne gold, indicating that the system could potentially have a substantial strike length. The new gold zone sits in the Marmion batholith and lies on a major northeast structural splay similar to that of the multimillion-ounce Hammond Reef deposit (National Instrument 43-101 global measured and indicated resource of 196.4 million tonnes at 0.86 gram per tonne Au, and NI 43-101 global inferred resource of 75.7 million tonnes at 0.72 gram per tonne Au, currently owned by Yamana Gold and Agnico Eagle), lying parallel to the west in of the Traxxin discovery, also lying in the Marmion batholith. Recent government sampling from the Traxxin zone also confirmed high grades up to 115 grams per tonne gold (3.7 ounces), and previous lake sediment sampling performed by the Ontario Geological Survey (R.D. Dyer, 1999, lake sediment and water geochemical data from the Atikokan-Lumby Lake area, Northwestern Ontario, Ontario Geological Survey, miscellaneous release -- data 43) exhibits some of the highest grades of gold in the survey sitting along the same structure which also hosts the Sandy Lake occurrence where grades of up to 1.57 grams per tonne gold in selective grab samples have been obtained. The structure is completely untested with diamond drilling and has seen little historical exploration despite the four kilometres of intermittent gold mineralization.

      Under the terms of the option and subject to regulatory approval, Benton can earn a 100-per-cent interest in the property, which consists of 109 units in 12 claims, by paying to Traxxin $450,000 and issuing three million shares over a four-year period on the following schedule:

      $45,000 and 300,000 company common shares on signing the LOI;
      $85,000 and 600,000 company common shares on first anniversary of signing the LOI;
      $95,000 and 600,000 company common shares on second anniversary of signing the LOI;
      $100,000 and 600,000 company common shares on third anniversary of signing the LOI;
      $125,000 and 900,000 company common shares on fourth anniversary of signing the LOI.
      The property will be subject to a 3-per-cent net smelter return (NSR) royalty in favour of Traxxin of which 1 per cent can be purchased by Benton at the company's election for $1-million. In addition, the company must spend a total of $1-million in exploration expenditures over the four-year period with a minimum of $250,000 expended within the first year from the date of the LOI. The company will also grant to Traxxin a 1-per-cent NSR royalty on surrounding ground staked by the company as long as the company or any of its affiliates holds an interest in the optioned claims.

      Stephen Stares, company president and chief executive officer, stated: "Our team is extremely pleased to have executed an agreement on such a prospective new high-grade gold discovery with many specimens containing impressive visible gold. Benton will commence systematic exploration work immediately, and will initiate permitting for trenching and diamond drilling as soon as possible."

      About Benton Resources

      Benton Resources is a well-financed Canadian-based junior with a diversified property portfolio in gold-silver, nickel, copper and platinum group elements.

      Clinton Barr, PGeo, vice-president of exploration for Alset, is the qualified person responsible for this release, and has prepared, supervised and approved the preparation of the scientific and technical disclosure contained within the release.

      We seek Safe Harbor.

      © 2016 Canjex Publishing Ltd. All rights reserved.
      Avatar
      schrieb am 01.11.16 14:18:37
      Beitrag Nr. 11 ()
      In diesen Minuten in Kanada vom Handel ausgesetzt
      Avatar
      schrieb am 01.11.16 13:15:59
      Beitrag Nr. 10 ()
      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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      schrieb am 01.11.16 13:07:45
      Beitrag Nr. 9 ()
      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…
      Avatar
      schrieb am 23.10.16 09:10:20
      Beitrag Nr. 8 ()
      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…
      Avatar
      schrieb am 01.10.16 18:08:59
      Beitrag Nr. 7 ()
      Ebenfalls neue Präsentation auf der Homepage.
      Avatar
      schrieb am 01.10.16 08:46:41
      Beitrag Nr. 6 ()
      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…
      Avatar
      schrieb am 18.09.16 08:01:27
      Beitrag Nr. 5 ()
      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…
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      Benton Resources - cash value und gute Projekte