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brunneta
Benton Capital
http://investingnews.com/daily/resource-investing/critical-metals-investing/graphite-investing/benton-capital-acquires-lithium-and-graphite-projects/
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Hier waren wir mal 100 % im Plus. Kommen wir da wieder hin ? Marathon PGM drills 102 m of 1.26 g/t PGM plus Au 2008-06-05 08:46 ET - News Release See News Release (C-MAR) Marathon PGM Corp Mr. Phillip Walford of Marathon reports: MARATHON HITS SECOND 100+ M THICK SECTION OF MINERALIZATION ON MARATHON/BENTON JV PROPERTY Marathon PGM Corporation ("Marathon" or "the Company", MAR-TSX) is pleased to announce the second phase of drilling results from the Bamoos-Claw Lake-Four Dams ("BCF") Property, which is being explored under an option and joint venture agreement with Benton Resources (TSX.v:BTC). The BCF property adjoins the Company's Marathon Project near Marathon, Ontario. Marathon hole MB-08-10 hit mineralization 134m in thickness, on-strike and 125m southeast of Benton hole BO-06-20, which intersected 102m of mineralization grading 1.26 g/t PGM and gold and 0.58% copper. Exploration of this area is a priority for drilling, as no drilling has been conducted between these two drill holes. There is high potential to rapidly expand the size of the resource in this area. The northern end of the Marathon deposit has an overall higher than average grade compared to the rest of the Main Zone to the south. Marathon has a right to mine within 200m of the BCF boundary before the JV is completed. Highlights: hole MB-08-10 intersected 0.90 g/t PGM and Au and 0.27% Cu over 134m (from 146-280 m), 125m along strike from Benton hole B0-06-20 (1.26g/t PGM and Au and 0.58%Cu over 102m) hole MB-08-11 intersected 2.21 g/t PGM and Au and 0.54% Cu over 20m (from 126-146m) 100+ m thick intercepts added millions of tonnes during the growth of the Marathon resource Phillip Walford, President and CEO noted, "Drilling results from the Benton JV ground are turning out to be a winning situation for both companies. These thick intersections will add tonnes quickly to the resource. Marathon has over 117 million tonnes in resource now and the results from the JV are adding to a world class PGM deposit." Results from Marathon-Benton JV Drilling ---------------------------------------- ------------------------------------------------------------------------- True Total From To Thickness Pd Pt Au PGM and Cu Hole (m) (m) (m) (g/t) (g/t) (g/t) Au (g/t) (%) ------------------------------------------------------------------------- MB-08-09 123 129 6 0.73 0.24 0.06 1.03 0.23 ------------------------------------------------------------------------- MB-08-09 141 155 14 1.70 0.38 0.15 2.22 0.33 ------------------------------------------------------------------------- MB-08-10 146 280 134 0.63 0.20 0.07 0.90 0.27 ------------------------------------------------------------------------- including 166 240 74 0.78 0.24 0.09 1.12 0.35 ------------------------------------------------------------------------- MB-08-11 126 146 20 1.55 0.51 0.15 2.21 0.54 ------------------------------------------------------------------------- including 138 144 6 3.08 1.15 0.28 4.51 0.65 ------------------------------------------------------------------------- MB-08-11 170 186 16 0.75 0.22 0.13 1.10 0.27 ------------------------------------------------------------------------- MB-08-12 146 208 62 0.56 0.18 0.07 0.81 0.17 ------------------------------------------------------------------------- MB-08-12 170 174 4 2.62 0.62 0.19 3.42 0.49 ------------------------------------------------------------------------- MB-08-12 186 208 22 0.73 0.21 0.08 1.02 0.11 ------------------------------------------------------------------------- MB-08-12 188 202 14 0.90 0.26 0.09 1.25 0.23 ------------------------------------------------------------------------- MB-08-13 112 118 6 1.19 0.28 0.11 1.58 0.35 ------------------------------------------------------------------------- MB-08-13 152 168 16 0.72 0.23 0.07 1.02 0.33 ------------------------------------------------------------------------- including 152 158 6 0.74 0.21 0.06 1.01 0.50 ------------------------------------------------------------------------- including 162 168 6 1.12 0.38 0.12 1.62 0.35 ------------------------------------------------------------------------- MB-08-14 122 128 6 1.04 0.34 0.12 1.51 0.20 ------------------------------------------------------------------------- MB-08-14 132 156 24 1.14 0.32 0.13 1.58 0.34 ------------------------------------------------------------------------- MB-08-16 38 62 24 1.08 0.33 0.16 1.57 0.39 ------------------------------------------------------------------------- Current Drilling Marathon's drilling on the BCF property has yielded useful information regarding the geology and extent of mineralization. In particular, Marathon's drillholes have extended mineralization boundaries indicated by historical holes and recent drilling completed by Benton. Hole MB-08-12 is located on section 6150, which represents the boundary between Marathon and Benton's properties. Elimination of the boundary pillar as a result of the JV enables complete extraction of resources, as the boundary pillar would have otherwise tied up substantial tonnes. Multiple wide intersections of mineralization in hole MB-08-12 extend the mineralization downdip. Marathon holes MB08-09, -10, -11, -12, -13, -14 and -16 all intersected mineralization and have expanded the dimensions of the known mineralization. Drilling on the BCF property is expected to resume in July. Marathon currently has two rigs drilling on the Marathon property extending the high-grade W horizon and filling in drilling gaps. Drilling of the Marathon and Benton JV properties will assist in expanding the resource. All of the samples were sent to Accurassay, an accredited laboratory in Thunder Bay, Ontario, to be assayed using fire assay and other standard techniques. David Good, P.Geo., VP of Exploration is Marathon's Qualified Person in compliance with National Instrument 43-101 with respect to this release. Dr. Good has reviewed the contents for accuracy and has approved this press release on behalf of Marathon. About Marathon PGM Corporation: Marathon is in the process of completing a definitive feasibility study on the Marathon PGM-Cu deposit. Marathon also has development and exploration stage properties in southeastern Manitoba and western Newfoundland and Labrador. Marathon's management plans to build on this focus through the advancement of its properties, focusing on resource development and by examining other strategic PGM and base metal opportunities within Canada. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking statements". Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These risks and uncertainties include but are not limited to those identified and reported in Management's Discussion and Analysis for the year ended December 31, 2007. Circumstances or management's estimates or opinions could change, and management disclaims any obligation to revise or update forward-looking statements, whether for new information, future events or otherwise. The reader is cautioned not to place undue reliance on forward-looking statements. We seek Safe Harbor.
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Benton to acquire Rex Lake Ni-Cu property in Ontario 2007-12-06 13:35 ET - News Release Mr. Stephen Stares reports BENTON RESOURCES CORP. (BTC) ACQUIRES NEW NI-CU PROPERTY Benton Resources Corp. has entered into a binding letter of intent to acquire the Rex Lake nickel-copper (Ni-Cu) property located approximately 90 kilometres north of Kenora, Ont. The property consists of eight unpatented mining claims totalling 85 units. Benton can earn a 100-per-cent interest by paying $50,000 and 30,000 shares over three years. The property is also subject to a 2-per-cent net smelter return (NSR) royalty payable to the vendor, of which Benton can buy back 1 per cent for $1-million. Historic mineral deposits in the area include the past-producing Gordon Lake Ni-Cu-PGE mine, past-producing Werner Lake Cu-Co-Au mine and the Norpax Ni-Cu-PGE deposit located along strike 15 kilometres, 19 kilometres and 24 kilometres east of the Rex Lake property, respectively. Historical shallow diamond drilling completed by Eastern Mining & Smelting in 1956 intersected 23.9 metres (m) grading 1.02 per cent Cu and 15.1 grams per tonne combined precious metal (interpreted as silver) at approximately 60 m vertically below surface. Diamond drilling completed by Falconbridge Nickel Mines Ltd. during the late 1980s intersected 1.17 per cent Cu and 9.5 g/t Ag over 29.5 m (at approximately 50 m vertical) that included 2.04 per cent Cu and 5.3 g/t Ag over 11.95 m. An undercut drill hole intersected a metamorphosed ultramafic (peridotite) that yielded 22.8 m grading 0.1 per cent Cu and 0.31 per cent Ni (at 140 m vertical), suggesting better potential for nickel mineralization. All intervals are core lengths and true thicknesses are currently unknown. Surface channel sampling completed by Atikwa Minerals Ltd. in 2003 returned anomalous levels of platinum and palladium values (0.09 to 0.145 g/t). The mineralization host is described as metamorphosed intrusive mafic-ultramafic (gabbro, pyroxenite and peridotite) units in sulphide-rich metasediments of Archean age. Benton believes the property geology is highly favourable for nickel-copper mineralization and is currently organizing grid establishment to be followed by ground geophysics for this upcoming winter season. The groundwork will be used to delineate diamond drill targets. This new acquisition conforms to Benton's focus of directing exploration efforts toward nickel-copper mineralization. Clinton Barr, PGeo, vice-president exploration for Benton, is the qualified person responsible for this release. We seek Safe Harbor. Top
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Benton Resources closes $15-million private placement 2007-10-17 12:16 ET - News Release Mr. Stephen Stares reports BENTON RESOURCES CORP. CLOSES $15 MILLION BOUGHT DEAL PRIVATE PLACEMENT Benton Resources Corp. has closed the previously declared private placement of units and flow-through shares underwritten by a syndicate of underwriters led by Westwind Partners Inc., and including PI Financial Corp., First Canadian Capital Markets Ltd. and M Partners. The offering consisted of 9.6 million units priced at $1.25 and 2.07 million flow-through shares priced at $1.45 for total gross proceeds of $15,001,500. Each unit consists of one common share and one common-share purchase warrant, with each warrant entitling the holder to purchase one additional common share of Benton Resources at a price of $1.60 for 18 months from the closing date. In connection with the closing today, the company also issued to the underwriters as partial consideration a total of 816,900 compensation warrants, each such compensation warrant entitling the holder thereof to acquire one common share of the company at a price of $1.25 until April 16, 2009. The common shares and common-share purchase warrants comprising the units and the flow-through shares have a hold period expiring on Feb. 17, 2008. Benton Resources plans to use the net proceeds from the sale of the units for exploration and general corporate purposes. The proceeds from the sale of the flow-through shares will be used for general exploration expenditures, which will constitute Canadian exploration expenses (as defined in the Income Tax Act) and will be renounced for the 2007 taxation year.
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