Benton Reports that Clean Air's Latest Drilling Includes 31.0m Averaging 3.9 g/t Pt, 5.1 g/t Pd, 1.7% Cu, 0.63% Ni
Benton Reports that Clean Air's Latest Drilling
Includes 31.0m Averaging 3.9 g/t Pt, 5.1 g/t Pd,
1.7% Cu, 0.63% Ni
Thunder Bay, Ontario--(Newsfile Corp. - January 5, 2022) - Benton Resources Inc. (TSXV: BEX)
("Benton") is pleased to report that Clean Air Metals Inc. ("Clean Air"), of which Benton has a substantial
shareholding, has announced new assay results from the 2021 drilling campaign from the Escape and
Current PGE-Cu-Ni Deposits at Clean Air's Thunder Bay North Project near Thunder Bay, Ontario,
Canada (the "Project"). Drilling operations are set to resume on January 6, 2022.
As reported by Clean Air, highlights from the Escape South High Grade Zone include:
Hole ELR21-083A, which intersected
46.0m grading 19.6 g/t PtEq
composed of
3.03g/t
Platinum (Pt), 3.94g/t Palladium (Pd), 1.33% Copper (Cu) and 0.51% Nickel (Ni)
from 399.0-
445.0m downhole including
31.0m grading 25.0 g/t PtEq composed of 3.90 g/t Pt, 5.10g/t Pd,
1.70% Cu and 0.63% Ni
from 405.0-436.0m downhole.
The Escape Deposit underwent 37,000m of expansion drilling in 2021, which Clean Air expects to add
materially to the maiden Indicated Mineral Resource of 849,481 ounces PtEq (6.16 g/t PtEq in 4.28
million tonnes) reported January 20, 2021. The Current Deposit 2.5km to the east has a well-defined
Indicated Mineral Resource of 2,233,575 PtEq ounces (5.79 g/t PtEq in 11.99 million tonnes).
There is a total of 37,000m of previously reported drilling results from the Escape Deposit in 2021 which
not yet applied to the mineral resource for the Thunder Bay North Project. Assay results to date, along
with the 2000m of core in the lab still awaiting assay, suggest good continuity of mineralization between
sections along the 900m trend of mineralization between the Escape South High Grade Zone (HGZ)
(>5g/t Pt+Pd) and Steepledge South Zone.
Readers are encouraged to view the Clean Air announcement in its entirety at:
https://www.cleanairmetals.ca/news-media/news-releases/clean-air-metals-drill-results-from-the-thunder-
ba-122541/
Benton continues to hold approximately
24.6 million
shares in Clean Air Metals Inc. and holds a
0.5%
net smelter return royalty
("NSR") from production on the Escape Lake portion of the project and a
0.5% NSR from production on any mineral claims comprising the original Thunder Bay North portion of
the project on which an NSR has not previously been granted.
On behalf of the Board of Directors of Benton Resources Inc.,
"Stephen Stares"
Stephen Stares, President
About Benton Resources Inc.
Benton Resources Inc. is a well-funded mineral exploration company listed on the TSX Venture
Exchange under the symbol BEX. Following a project generation business model, Benton has a
diversified, highly-prospective property portfolio of Gold, Silver, Nickel, Copper, Platinum Group
Elements and most-recently Lithium assets.
In addition, it currently holds large equity positions in other
mining companies that are advancing high-quality assets.
Whenever possible, BEX retains Net Smelter
Royalties (NSR) with potential long-term cash flow.
Benton also recently entered into a 50/50 strategic alliance with Sokoman Minerals through three large-
scale joint venture properties including Grey River, Golden Hope and Kepenkeck in Newfoundland that
are now being explored.
For further information, please contact:
CHF Capital Markets
Cathy Hume, CEO
Phone:
416-868-1079 x 251
Email:
Benton Resources Inc.
Stephen Stares, President & CEO
Phone: 807-475-7474
Email:
Website:
www.bentonresources.ca
Twitter:
@BentonResources
Facebook:
@BentonResourcesBEX
LinkedIn:
@BentonResources
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/109128