Benton Resources is a well-funded Canadian-based project generator with a diversified property portfolio in multiple commodities: gold, silver, nickel, copper and platinum group elements. The Company recently entered into a deal to purchase a new high grade platinum+palladium+gold (PGM) discovery from Rio Tinto. Drilling completed by Rio Tinto returned grades up to 7.28gpt PGM’s and 2.26% copper+nickel over 33.4meters.
Benton also has multiple projects being advanced by its partners through option agreements, including two with Rio Tinto Exploration Canada, also the Panama project in the prolific Red Lake District being advanced by Maxtech Ventures along the same structure to that of the Great Bear Resources Dixie discovery.
Stephen Stares – President and CEO
Stephen Stares is a successful business entrepreneur with over 28 years of experience in mineral exploration. Stephen spent his first 7 years with Noranda Exploration working at Hemlo gold mines, Eagle River gold deposit along with the Geco and Mattabi base metal camps. The next ten years were spent managing the operations of Stares Contracting Corp., a successful mineral exploration services company. In 2004 Stephen and his brother Michael founded Benton Resources. He’s also been directly involved in the start-up of 9 publicly-traded companies on the TSX Venture Exchange by assembling projects of merit and raising millions of dollars for these junior exploration companies. Throughout his career, Mr. Stares has been involved in several major mineral discoveries which have been subject to millions being spent on exploration.
What is your rationale for attending 121 Mining Investment?
Benton is currently looking to widen its shareholder base and exposure, seeking new investors/institutions that are looking for a undervalued investment opportunity in the platinum and palladium space. Benton has recently purchased a new high grade discovery from Rio Tinto and drilling will commence in November. Drilling completed by Rio Tinto returned grades up to 7.28 grams per tonne platinum+palladium+gold and 2.26% copper+nickel over 33.4 meters.
What recent news would you like to highlight to investors attending?
Benton Resources to Acquire High Grade PGM Deposits: Panoramic’s Thunder Bay North Deposit and Rio Tinto’s Escape Lake Discovery
• High-grade, near-surface Platinum Group Metals (PGM) deposits with a compliant resource. with excellent infrastructure
• Drilling highlights on the Thunder Bay North (TBN) Property include historic high-grade intercepts of 46.65 m @ 10.1 g/t Platinum+Palladium+Gold with 1.62% Copper+Nickel incl. 13.0 m @ 33.2 g/t Pt+Pd+Au and 4.91% Cu+Ni , incl. 2.6 m @ 97.9 g/t Pt+Pd+Au and 14.9% Cu+Ni in drill hole BL 10-197
• Drilling highlights on the Escape Lake Property include 121.6 m @ 2.49 g/t Pt+Pd+Au and 0.86% Cu+Ni, incl. 33.4 m of 7.28 g/t Pt+Pd+Au and 2.26% Cu+Ni in drill hole 12CL0009, and 40.67 m 4.5 g/t Pt+Pd+Au and 1.26% Cu+Ni in drill hole 11CL0005.
What are your key goals for the next 3, 6 and 12 months?
Permit first phase diamond drill program at Escape Lake Platinum-Palladium-Copper-Nickel deposit which starts with 10,000 meters of diamond drilling.
Continue to delineate ore resources for Escape Lake Platinum-Palladium-Copper-Nickel deposit through a further 10,000 meters of diamond drilling
Begin 43-101 resource calculation based on successful results of the diamond drill program completed on the Escape Lake deposit.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
The key risks are market volatility and current lack of interest in junior explorers. The company plans to be persistent with aggressive marketing and advancement of it’s flagship Escape Lake project, this should result in the increase of the companies market capitalization value.
In a sentence, what do you think makes your company such a compelling investment?
Benton Resources assets are tremendously under valued giving it has acquired one of the highest grade platinum palladium discoveries in Canada and the price of palladium at its all time highs. The company believes its just a matter of time before the market realizes the tremendous value in Benton’s assets and it should reflect this in its share price.