Benton Options Large Gold Project from Keats in Newfoundland
Benton Options Large Gold Project from Keats
in Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - May 6, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton' or
'the Company') is pleased to announce that it has, subject to approval by the TSX Venture Exchange (the
"Exchange"), optioned the Kepenkeck gold project (the "Project") from Kevin and Alan Keats ("Keats")
in central Newfoundland (the "Option").
Kevin and Alan Keats are seasoned prospectors from
Newfoundland and have notably achieved recent success with the high-grade gold discovery at the
Keats and Lotto zones being advanced by New Found Gold Corp. Benton acquired the prospective
Project due to new road access, little historical work and due to the Project being situated in prospective
geology along a major trend that hosts several high-grade gold zones to the south and west.
Recent
prospecting completed by Keats identified gold in grab samples, from trace values up to 2.45gpt, along
with visible gold noted from panning till in two locations on the property.
The Company believes this represents a great addition to its gold portfolio and will immediately apply for
exploration work permits including a detailed Magnetic and VLF airborne survey to be followed by
prospecting and mapping.
Terms of the Option, subject to Exchange approval, are as follows:
i
.
$10,000 and 200,000 common shares on signing and Exchange approval;
ii
.
$20,000 and 200,000 common shares on or before April 10, 2022;
iii
.
$20,000 and 200,000 common shares on or before April 10, 2023; and
iv
.
$40,000 and 400,000 common shares on or before April 10, 2024
Keats will retain a 2% NSR whereby Benton, at its election, will have the right to buy back 1% for CAD$1
million.
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:
CHF Capital Markets
Cathy Hume, CEO
Phone:
416-868-1079 x231
Email:
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.
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