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Benton Resources to Acquire High Grade PGM Deposits: Panoramic's Thunder Bay North Deposit and Rio Tinto's Escape Lake Discovery
Highlights: High-grade, near-surface Platinum Group Metals (PGM) deposits with a historic ...
About this update from Benton Resources, Inc.
[{"type":"text","content":"Benton Resources to Acquire High Grade PGM Deposits: Panoramic's Thunder Bay North Deposit and Rio Tinto's Escape Lake DiscoveryHighlights:High-grade, near-surface Platinum Group Metals (PGM) deposits with a historic 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 1.26% Cu+Ni (0.89% Cu + 0.36% Ni) in drill hole 11CL0005. Thunder Bay, Ontario--(Newsfile Corp. - July 2, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') today announced that it has executed two separate binding purchase agreements with Rio Tinto Exploration Canada Inc. ('RTEC') (the 'RTEC Agreement') and Panoramic Resources ILimited ('PAN') (the 'PAN Agreement') (together the \"PGM Project\").Stephen Stares, President and CEO, stated: \"Our team has been searching for an exciting PGM project in the market that possesses what we feel are essential project qualities: a high-grade, near-surface deposit containing a historical resource and located near existing infrastructure in a mining-friendly jurisdiction. These projects satisfy those criteria. Coupled with the high-grade discovery drilling completed at Escape Lake, the Company feels that the opportunity to delineate further resources exists. Located only 50 km from the Company's office in Thunder Bay, the projects are well-situated to aggress...