- Clean Air Metals reports new drill results including 76.7m of 5.67g/t PdEq with 21.0m of 9.98g/t PdEq at Escape Lake
- Clean Air Metals has expanded the size of the Escape South High-Grade Zone and demonstrated approximately 700m of mineralization
- Benton Resources holds 24.6 million shares of Clean Air Metals
- Benton also holds 3,940,000 shares of Quadro Resources Ltd, which is advancing various projects in Newfoundland and Ontario
- Benton Resources Inc. (BEX) is down 2.50 per cent and is trading at C$0.20 at 11:25 am ET
Benton Resources (BEX) is reporting results from drilling completed by Clean Air Metals at the Escape Lake project under option from Benton.
Clean Air Metals can earn up to 100 per cent of the Escape Lake project and Benton will retain a 0.5 per cent NSR on the property.
The Escape Lake Deposit has been Clean Air Metals’ focus for the majority of the drilling over the past 14 months.
Since the maiden resource published in January 2021 of 505,369 ounces at 3.67 g/t PdEq in 4.28 million tonnes, the Clean Air Metals team has successfully expanded the size of the Escape South High-Grade Zone and demonstrated approximately 700m of mineralization along the trend.
Hole ELR21-077 with its significant thickness and grade appears to further expand the edge of the Escape Lake High-Grade Zone and demonstrates the potential contribution of the scale of the Escape Lake Deposit to the overall Thunder Bay North Project. An updated mineral resource for the Escape Lake Deposit is currently planned for Q1 2022.
Benton continues to be very encouraged by the progress made by Clean Air Metals, in which Benton holds 24.6 million shares. Clean Air has multiple drill rigs operating on the Thunder Bay North and Escape Lake Copper-Nickel-PGM projects and has released excellent drill results from its ongoing drill campaign. Benton looks forward to receiving ongoing encouraging drill results and future project advancement.
Benton also holds 3,940,000 shares of Quadro Resources Ltd, which is advancing various projects in Newfoundland and Ontario. Additionally, Benton holds 3.6 million shares of St. Anthony Gold Corp. (formerly Maxtech Ventures Inc.). St. Anthony Gold has an Option and Joint Venture agreement on Benton’s Panama Lake gold project in the Red Lake mining region.
Further, Benton holds 1.0 million shares of Sokoman Minerals Corp. which continues to release excellent drill results from its Moosehead Project in Newfoundland, and 2.63million shares of Metallica Metals advancing Benton’s Saganaga (Starr) Gold project.
Benton also has two NW Ontario projects optioned to Rio Tinto Exploration Canada (the Bark Lake and West Baril Lake Copper-Nickel PGE projects).
Following a project generation business model, Benton has a diversified, highly prospective property portfolio in Gold, Silver, Nickel, Copper, and Platinum Group Elements and currently holds large equity positions in other mining companies that are advancing high-quality assets.
Benton Resources Inc. (BEX) is down 2.50 per cent and is trading at C$0.20 at 11:25 am ET.
