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Benton Resources Inc. (TSXV: BEX) ('Benton') is pleased to announce it has received an update from Clean Air Metals Inc. (TSXV: AIR) ("Clean Air") on an updated mineral resource estimate for the Thunder Bay North Project ("Project"). Benton continues to hold approximately 24.6 million shares in Clean Air. In addition, Benton retains a 0.5% net smelter return royalty from production on the Escape Lake Deposit and a 0.5% net smelter return royalty from production on any mineral claims comprising the TBN portion of the Project that a net smelter royalty has not previously been granted. Benton's 0.5% NSR includes the Beaver and Cloud Zones plus portions of the Bridge Zone, each being part of the Current Lake Deposit.
Stephen Stares, President and CEO of Benton commented, "Benton is extremely pleased with the continued development of the Thunder Bay North Project. In a short time, Clean Air has aggressively and efficiently advanced the Project and demonstrated its continued potential. We congratulate the team at Clean Air on this achievement and wish them continued success as they move forward on this exciting prospect."
Readers are encouraged to view the entire Clean Air news release on their website by following the link below:
https://cleanairmetals.ca/site/assets/files/5629/2021-01-20-nr-air-dk909h78fq.pdf
On behalf of the Board of Directors of Benton Resources Inc.,
"Stephen Stares"
Stephen Stares, President
About Benton Resources Inc.
Benton Resources (TSXV: BEX) 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
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/72416
Figure 1: Drill rig operational at the Lana Corina Project April 2024.
Figure 2: Plan view of drilling results at Lana Corina.