5th World Antimony Forum

June 8-9, 2017
Changsha, Hunan

World Tin Mining Forum 2017

June 1-2, 2017
Zhangjiajie, China

5th World Silicon Forum

May 25-26,2017
Kunming, China

8th World Aluminum Raw Materials Summit 2017

May 18-20,2017
Sanya, Hainan of China

9th International Rare Earth Summit

May 11-12,2017
Shanghai, China

5th World Manganese & Selenium Forum

April 20-21,2017
Changsha, China

10th World Indium & Germanium & Gallium Forum

April 19-21,2017
Xiamen,Fujian,China

6th World Magnesium Forum

April 12-14,2017
Kunming, China

Benton and Metals Creek option new gold discovery in Staghorn Property area

2017-04-21 14:26:36  【Print】
BEIJING (Asian Metal) 21 Apr 17 – Benton Resources Inc.Asian Metal Copyright .Asian Metal Copyright (“Benton”) and Metals Creek Resources Corp.Asian Metal Copyright Benton and Metals Creek will have the right to buy back 1% of the NSR for $1,000,000.Asian Metal Copyright (“Metals Creek”) announced that they have jointly executed a letter of intent (the “Agreement”) with a Newfoundland prospector (the “Vendor”) pursuant to which Metals Creek and Benton have been granted the option to acquire a 100% interest (50% each) in 22 claim units (the “Property”) located in the Victoria Lake area, Central Newfoundland.

Under the Agreement, Benton and Metals Creek will make staged payments to the Vendor totaling $45,000 ($5,000 on signing) and 425,000 common shares (50,000 on signing) over a three year period.Asian Metal Copyright The optioned property will be folded into the Staghorn Gold Project in which Benton is earning a 60% interest.Asian Metal Copyright All cash and share payments will be split 50% Benton and 50% Metals Creek.Asian Metal Copyright All cash and share payments will be split 50% Benton and 50% Metals Creek.Asian Metal Copyright The Vendor will retain a 2% net smelter return (“NSR”) on the Property.Asian Metal Copyright Benton and Metals Creek will have the right to buy back 1% of the NSR for $1,000,000.Asian Metal Copyright Benton and Metals Creek will have the right to buy back 1% of the NSR for $1,000,000.

The optioned property will be folded into the Staghorn Gold Project in which Benton is earning a 60% interest.

Benton and Metals Creek have staked an additional 30 claim units to the north and west of the optioned claims.Asian Metal Copyright Benton and Metals Creek have staked an additional 30 claim units to the north and west of the optioned claims.Asian Metal Copyright The two companies plan on completing a property review once spring breakup is over and weather conditions allow for additional sampling.

.Asian Metal CopyrightBEIJING Asian Metal 21 Apr 17 – Benton Resources Inc.Asian Metal Copyright
Related News