Business
Benton Advised That Metallica Metals Has Identified Numerous Drill Targets for Starr Project, Thunder Bay Mining District and Grants Stock Options
Thunder Bay, Ontario--(Newsfile Corp. - July 28, 2021) - Benton Resources Inc. (TSXV: BEX) ('B...
About this update from Benton Resources, Inc.
[{"type":"text","content":"Benton Advised That Metallica Metals Has Identified Numerous Drill Targets for Starr Project, Thunder Bay Mining District and Grants Stock OptionsThunder Bay, Ontario--(Newsfile Corp. - July 28, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton') is pleased to report that Metallica Metals Corp. (CSE: MM (\"Metallica\") issued a news release earlier today whereby they have identified numerous drill targets on their Starr gold-silver project (formerly known under Benton as the Saganaga gold project) located in the Thunder Bay Mining District of Ontario.Metallica has the option to earn 70% interest in the Starr project by making certain cash and share payments to Benton along with exploration work commitments and has an option to earn the remaining 30% interest by completely further cash and share payments along with further work commitments (see Benton news release dated August 11, 2020) over the term of the agreement. Benton currently holds 1.38 million shares of Metallica and is expecting a further annual payment in the coming weeks. Metallica's news release of earlier today is reproduced below.Metallica Metals Identifies Numerous Drill Targets for Its Starr Project, Thunder Bay Mining District VANCOUVER, British Columbia, July 28, 2021 - Metallica Metals Corp. (CSE: MM) (OTC :MTALF) (FWB: SY7P) (the \"Company\" or \"Metallica Metals\") is pleased to announce that it has completed its review of a recently completed airborne MobileMT geophysical survey over its Starr gold-silver project (\"Starr\" or the \"Project\") located in the Thunder Bay Mining District of Ontario. The Project, which the Company has the right to earn up to a 100% interest, covers a large land position of 5,991 hectares that includes several high-grade gold and silver occurrences within a 20 km long segment of the southwestern section of the Shebandowan Greenstone Belt. The Project is accessible year-round by highway and logging roads and is located in close proximity to the Moss Lake gold deposit owned by Goldshore Resources Inc. and the Huronian Gold Property owned by Kesselrun Resources Ltd. as shown in Figure 1.Figure 1: Location of Metallica Metals' Starr gold-silver project with respect to adjacent properties including the Moss Lake gold deposit (sources: 2013 NI 43-101 Technical Report and PEA for the Moss Lake Project - see further reference de...