Mr. Stephen Stares reports
BENTON COMPLETES AGM AND PROVIDES CORPORATE RECAP FOR 2023
All matters put forth for approval by shareholders at Benton Resources Inc.'s annual general meeting held on Dec. 19, 2023, were successfully passed. The company would also like to provide a summary of its 2023 achievements as it gets ready for an exciting year ahead in 2024.
- Acquired the high-grade Great Burnt copper-silver-cobalt-gold project;
- Completed 5,700 metres of drilling on the Great Burnt in October to November, 2023, with excellent results from the first 11 drill holes with 11 remaining to report;
- Recently completed $1.56-million flow-through financing with investment from Eric Sprott, Benton's largest shareholder;
- Significantly advanced the Kraken lithium field with the discovery of the Killick dike system and outlined numerous other high-priority targets. Received Explorer of the Year award along with Sokoman Minerals Corp. from the Canadian Institute of Mining, Metallurgy and Petroleum in Newfoundland for this discovery;
- Established $12-million partnership with Piedmont Lithium to create Vinland Lithium Inc. and subsidiary Killick Lithium Inc.;
- Vinland received a $2-million financing from Piedmont priced at $1 per share;
- Benton holds four million shares of Vinland;
- Benton received $1-million payment in shares from Piedmont with another $4-million expected over 54 months should Piedmont complete the option;
- Recently completed option to Renegade Gold on Panama Lake gold project in the Red Lake mining district, received final payment of $300,000 in shares;
- Benton continues to monitor its 24.6-million-share equity interest in Clean Air Metals which is advancing the high-grade Thunder Bay North platinum-palladium-copper-nickel deposits.
In 2024, the company is committed to advancing the Great Burnt copper deposit (GBCD), along with testing the many other high-priority zones of copper, gold, cobalt and silver over 15 kilometres. The company will also release the remaining 11 drill holes from the recently completed 22-drill-hole program, as they become available. Recent highlights from the first 11 holes include 8.31 per cent Cu over 13 m in GB-23-02, 26.87 m grading 7.18 per cent copper in GB-23-04 and 12.30 m grading 7.20 per cent copper in GB-23-07. The company will start its second-phase drilling campaign on the GBCD in February and will continue with extensive exploration throughout the year on new and historical high-priority targets.
Management will also continue with the advancement of listing Vinland Lithium on the TSX Venture Exchange in early 2024.
About Benton Resources Inc.
Benton is well financed and has a diversified, highly prospective property portfolio of gold, silver, nickel, copper, platinum group elements, and, most recently, lithium and cesium assets. In addition, it currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, Benton retains net smelter return (NSR) royalties with potential long-term cash flow.
We seek Safe Harbor.
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