Thunder Bay, ON, January 30, 2020 – Benton Resources Inc. (TSXV: BEX) (‘Benton’ or ‘the Company’) 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.
Due to the rugged nature of the terrain, the property has seen minimal historical exploration but Benton feels their previous success working in the area will be essential in locating new PGE targets. The Company is currently compiling all available data and will execute an exploration program when weather permits. A map showing the new property can be viewed on Benton’s website.
QP
Nathan Sims (P.Geo.), Senior Exploration Manager for Benton Resources Inc., the
‘Qualified Person’ under National Instrument 43-101, has approved the scientific
and technical disclosure in this news release and prepared or supervised its
preparation.
On behalf of the Board of Directors of Benton Resources Inc.,
“Stephen Stares”
Stephen Stares, President
About Benton Resources Inc.
Benton Resources is a well-funded Canadian-based project generator with a diversified property portfolio in Gold, Silver, Nickel, Copper, and Platinum group elements. Benton holds multiple high-grade projects available for option which can be viewed on the Company’s website. Most projects have an up-to-date 43-101 Report available. Parties interested in seeking more information about properties available for option can contact Mr. Stares at the number below.
For further information, please contact:
Stephen Stares, President & CEO
Phone: 807-475-7474
Email: sstares@bentonresources.ca
CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079 x231
Email: cathy@chfir.com
Website: www.bentonresources.ca
Twitter: @BentonResources
Facebook: @BentonResourcesBEX
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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.