benton resources

Benton and Sokoman Stake Claims and Form Strategic Alliance to Explore Newfoundland

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).

The Golden Hope JV lies at the north-western edge of the Hermitage Flexure, the predominant geological feature of the south Newfoundland Appalachians. The western Hermitage Flexure is a structurally complex region with a diverse mineral endowment. The most prominent structures on the Property, and the focus of imminent exploration, are a linked system of west-verging thrust faults (Bay D'Est Fault Zone) and a transverse, wrench fault system (Gunflap Hills Fault Zone). These types of fault zones can be gold-bearing, and the same rocks elsewhere in Newfoundland are a prime focus of ongoing gold exploration and the site of major gold discoveries (e.g. Central Newfoundland Gold Belt). Historical exploration by major companies in the western Hermitage Flexure region led to the major gold discoveries at Hope Brook and Cape Ray, and spurred the first systematic gold exploration in northern and central Newfoundland. However, outside of these discoveries, the remainder of the west-central Hermitage Flexure remains underexplored, despite known occurrences of gold, the presence of unsourced till, soil and stream sediment geochemical anomalies, and the first-order commonalities and linkages between southern and central Newfoundland. The Golden Hope JV is transected by the paved Burgeo highway and major power transmission line. Additional details will follow after the compilation of the previous work has been completed.

On the recently optioned Kepenkeck Project, consisting of 595 claim units over 15,625 hectares located near the NE extension of the Hermitage Flexure and along trend from Canstar Resources' Golden Baie Project, Benton and Sokoman will share the cost of option payments and exploration cost (50-50) and initial exploration will commence shortly. Benton and Sokoman are excited to have acquired the project which has new road access, little historical work, and favourable geology located on a major structure. The work will begin imminently. Recent prospecting completed by the vendor (the Keats) identified up to 2.45 g/t gold in grab samples, and visible gold has been panned from till in two locations on the property.

The new alliance with Sokoman provides Benton's shareholders with an excellent opportunity to reduce exploration risk and employ the technical expertise of Sokoman while retaining a large percentage of the projects in a flourishing gold mining district. The companies will apply for work permits immediately.

WEBINAR ANNOUNCEMENT

Benton Resources Inc. and Sokoman Minerals Corp. will host a joint webinar next Thursday, May 27 at 2 pm EST to go over the details of the new strategic alliance. Investors can sign up using the following registration link: https://onlinexperiences.com/Launch/QReg/ShowUUID=DE93F551-FCF4-4FB3-9102-6B8791B1FBC1

QP

Nathan Sims (P.Geo., PEGNL Member 09409), 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 x251
Email:cathy@chfir.com

Website: www.bentonresources.ca
Twitter: @BentonResources
Facebook: @BentonResourcesBEX

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/84620

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Seesaw with "demand" outweighing "supply," symbolizing economic imbalance.

Copper Crunch: China's Stockpiles Depleting, US Demand Rising

Copper prices are being pushed skyward as China's stockpiles sit on the verge of depletion and as US demand for the red metal surges, fueled by looming trade restrictions under the Trump administration.

According to Mercuria, the market is undergoing “one of the greatest tightening shocks” in its history.

“At the current pace of draws, those Chinese inventories could deplete (to zero) by the middle of June,” Nicholas Snowdon, head of metals and mining research at the commodities trading house, told the Financial Times.

Keep reading...Show less
White Cliff Minerals

175m @ 2.5% Copper from 7.6m, Hole Ends in 4.46% Copper & Open at Depth Danvers Drilling Delivers a Globally Significant Copper Intersection

White Cliff Minerals Limited (“WCN” or the “Company”) (ASX: WCN; OTCQB: WCMLF) is pleased to announce further assay results from the reverse circulation drilling campaign at the Company’s 100% owned Rae Copper Project in Nunavut, Canada.

Keep reading...Show less
White Cliff Minerals

White Cliff Minerals Limited (ASX: WCN) – Trading Halt

Description

The securities of White Cliff Minerals Limited (‘WCN’) will be placed in trading halt at the request of WCN, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 7 May 2025 or when the announcement is released to the market.

Keep reading...Show less
Finlay Minerals Receives TSX Venture Exchange Approval for PIL Earn-In Agreement

Finlay Minerals Receives TSX Venture Exchange Approval for PIL Earn-In Agreement

finlay minerals ltd. (TSXV: FYL) (OTCQB: FYMNF) ("Finlay" or the "Company") is pleased to announce the receipt of TSX Venture Exchange (the " Exchange ") conditional acceptance for its previously announced earn-in agreement (the " PIL Earn-In Agreement ") with Freeport-McMoRan Mineral Properties Canada Inc. (" Freeport "), a wholly owned subsidiary of Freeport-McMoRan Inc. (NYSE:FCX) relating to its PIL property (" PIL Property "). The PIL Property consists of 50 mineral claims in the Toodoggone District of northern British Columbia . The Company also entered into an earn-in agreement (the " ATTY Earn-In Agreement ") with Freeport relating to its ATTY property (the " ATTY Property ", together with the PIL Property, the " Properties "). The ATTY Earn-In Agreement is not subject to Exchange approval, as it qualifies as an "Exempt Transaction" under Exchange Policy 5.3 Acquisitions and Dispositions of Non-Cash Assets . The PIL and ATTY earn-in agreements are arm's length transactions, and no finder's fees are payable in connection with either earn-in agreement.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces Conference Presentations in Australia & N America

Empire Metals Limited (LON:EEE)(OTCQB:EPMLF), the AIM-listed and OTCQB-traded resource exploration and development company, is pleased to inform investors of its upcoming participation in two key industry events:

  • RIU Sydney Resources Round-up (6-8 May 2025 at the Hyatt Regency in Sydney, NSW), where the Company will be delivering a presentation to delegates and will meet existing and prospective investors at its booth in the exhibition area; and
  • OTC Metals & Mining Virtual Investor Conference (6-8 May 2025), where Empire will present to a global online audience of investors and industry participants. Investors can learn more about the event and register at www.virtualinvestorconferences.com.

These events provide an opportunity for the Company to update shareholders and potential investors on recent developments and strategic plans, including highlights from the ongoing exploration and development activities at the Pitfield Project and other key announcements made in recent weeks.

Keep reading...Show less

Latest Press Releases

Related News

×