Benton Resources Inc.
BENTON OPTIONS LARGE GOLD PROJECT FROM KEATS IN NEWFOUNDLAND
Thunder Bay ON, May 6, 2021 – Benton Resources Inc. (‘Benton’ or ‘the Company’) (TSX-V: BEX) 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:
- $10,000 and 200,000 common shares on signing and Exchange approval;
- $20,000 and 200,000 common shares on or before April 10, 2022;
- $20,000 and 200,000 common shares on or before April 10, 2023; and
- $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.
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
Source: https://www.bentonresources.ca/benton-options-large-gold-project-from-keats-in-newfoundland/
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