Benton Teams Up with Rio on Baril Lake Mine
Investing is hard enough, AllPennyStocks.com tries to simplify the whole process. Join our free email newsletter!
Penny Stock Picks, Daily Trade Ideas, Market Commentary & More. Invest Like A Pro – AllPennyStocks.com Pro, Free For 14 Days!

Benton Teams Up with Rio on Baril Lake Mine

Penny Stock Picks, Daily Trade Ideas, Market Commentary & More. Invest Like A Pro – AllPennyStocks.com Pro, Free For 14 Days!
By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, January 2, 2019

Benton Resources Inc. (TSX-Venture:BEX) was popping corks the day after New Year’s Day, with news it was throwing in its lot with giant Rio Tinto, selling to the larger company the right to earn a 100% interest in Benton's Baril Lake claims in Ontario.

The pact means Rio Tinto will pay Thunder Bay, Ontario-based Benton $200,000 over four years,  and if Rio achieves commercial production at the project, will pay Benton an additional $1,000,000.

The Company considers the Baril Lake project to be a favorable setting to potentially host copper-nickel and platinum group metals. Drilling completed by Rio Tinto in 2017 on the Bark Lake project encountered mineralization of 0.31 copper and 0.72gpt (grams per tonne) Platinum + Palladium over 19.2 metres

Benton also trumpets that it will initiate an approximate 1,000-metre diamond drill program on the Panama Lake gold project located in Red Lake Mining district in early January. 

Stocks in the company vaulted 0.5 cents, or 12.5%, to 4.5 cents, on volume of 243,000


Copyright © 2018 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Other Penny Stock Movers

This Oil Stock Is Up 26% In The Last 3 Weeks & Looks Poised For Further Gains
Offering Yeoman Support in Fight vs. Diabetes: Decision Diagnostics
HIT Makes Big SPLASH With Best Buy Distribution
dynaCERT Makes Inroads in India


Back to Top