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Benton updates Far Lake Project and Clean Air Metals' drill program

Aug 24, 2020

Benton Resources Inc. has initiated a mechanical stripping program on various targets outlined from its ongoing exploration work at its recently optioned Far Lake project located 80km west of Thunder Bay, Ontario (see Benton PR dated May 20, 2020). The program is designed to help the Company better understand the orientation of the vein and mineralizing systems within the large intrusive and alteration system, as it prepares for its upcoming maiden drill campaign on the property. 

Benton would also like to provide an update to its shareholders on the progress of Clean Air Metals ("Clean Air") in which Benton holds 24.6 million shares. Yesterday, Clean Air announced additional significant results from its ongoing drill program at the Escape Lake project thereby expanding the Escape Lake deposit (see Clean Air PR dated August 20, 2020). The drill highlights included hole ELR20-008 which intersected 96.0m of 1.22g/t Platinum, 1.63g/t Palladium, 0.61% Copper and 0.34% Nickel from 326.8m-423.0m downhole, including 18m of 2.29g/t Platinum, 3.2g/t Palladium, 1.17% Copper and 0.76% Nickel from 391.8m-410.0m downhole. Benton continues to be extremely encouraged by Clean Air's progress and looks forward to upcoming exploration results over the next few months.

Finally, Benton announces that it has granted 2.1 million incentive stock options to directors, officers, employees and consultants of the Company at an exercise price of $0.20 for a period of five years from the date of grant. The options are subject to vesting provisions contained within the Company's stock option plan.


Tags: Northern Ontario / Exploration / Metals / All Articles