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Benton Resources Files NI43-101 Technical Report with TSX-V to Proceed with the Previously Announced Acquisition of High Grade PGM Deposits: Panoramic's Thunder Bay North Deposit and Rio Tinto's Escape Lake Discovery
Thunder Bay, Ontario--(Newsfile Corp. - July 29, 2019) - Benton Resources Inc. (TSXV: BEX)...
About this update from Benton Resources, Inc.
[{"type":"text","content":"Benton Resources Files NI43-101 Technical Report with TSX-V to Proceed with the Previously Announced Acquisition of High Grade PGM Deposits: Panoramic's Thunder Bay North Deposit and Rio Tinto's Escape Lake DiscoveryThunder Bay, Ontario--(Newsfile Corp. - July 29, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') today announced that in support of this previously announced transaction, a Geological report completed in accordance with NI 43-101 and the TSX Venture Exchange's (the \"Exchange\") Appendix 3F has been submitted to the Exchange for review and comment. The report will be publicly filed once the Exchange review is completed. Benton anticipates the resumption of trading of the Company's shares at market open today, Monday July 29, 2019. The Company is currently working diligently on various financing alternatives to fund the acquisition. Below are the details of the news release issued on July 2, 2019.\"The Company executed two separate binding purchase agreements with Rio Tinto Exploration Canada ('RTEC') (the 'RTEC Agreement') and Panoramic Resources Inc ('PAN') (the 'PAN Agreement') (together the \"PGM Project\").Highlights:High-grade, near-surface Platinum Group Metals (PGM) deposits with a historical resource.Excellent infrastructure, with a paved highway and established logging roads.Drilling highlights on the 30,000 hectare Thunder Bay North (TBN) Property include historic high-grade intercepts of 46.65 m @ 10.1 g/t Platinum+Palladium+Gold (5.267g/t Pt + 4.555g/t Pd + 0.324g/t Au) with 1.62% Copper+Nickel (1.154% Cu + 0.465% Ni), incl. 13.0 m @ 33.2 g/t Pt+Pd+Au (17.305g/t Pt + 14.817g/t Pd + 1.061g/t Au) and 4.91% Cu+Ni (3.755% Cu + 1.308g/t Ni), incl. a spectacular intercept of 2.6 m @ 97.9 g/t Pt+Pd+Au (52.769g/t Pt + 41.538g/t Pd + 3.630g/t Au) and 14.9% Cu+Ni (11.599% Cu + 3.289% Ni) in drill hole BL 10-197.Drilling highlights on the 220 hectare Escape Lake Property include 121.6 m @ 2.49 g/t Pt+Pd+Au (1.04g/t Pt + 1.37g/t Pd + 0.07g/t Au) and 0.86% Cu+Ni (0.52% Cu + 0.34% Ni), incl. 33.4 m of 7.28 g/t Pt+Pd+Au (3.01g/t Pt + 4.08g/t Pd + 0.19g/t Au) and 2.26% Cu+Ni (1.49% Cu + 0.77% Ni) in drill hole 12CL0009, and 162 m @ 1.42 g/t Pt+Pd+Au (0.61g/t Pt + 0.76g/t Pd + 0.06g/t Au) and 0.47% Cu+Ni (0.28% Cu + 0.19% Ni), incl. 40.67 m 4.5 g/t Pt+Pd+Au (1.92g/t Pt + 2.48g/t Pd + 0.18g/t Au) and ...