RE spin out.... No just a good JV deal like BEX
ORIGINAL: Benton Advised That Metallica Metals Has Identified Numerous Drill Targets for Starr Project, Thunder Bay Mining District and Grants Stock Options
2021-07-28 13:33 ET - News Release
Thunder Bay, Ontario--(Newsfile Corp. - July 28, 2021) - Benton Resources Inc. (TSXV: BEX) ('Benton') is pleased to report that Metallica Metals Corp. (CSE: MM ("Metallica") issued a news release earlier today whereby they have identified numerous drill targets on their Starr gold-silver project (formerly known under Benton as the Saganaga gold project) located in the Thunder Bay Mining District of Ontario.
Metallica has the option to earn 70% interest in the Starr project by making certain cash and share payments to Benton along with exploration work commitments and has an option to earn the remaining 30% interest by completely further cash and share payments along with further work commitments (see Benton news release dated August 11, 2020) over the term of the agreement. Benton currently holds 1.38 million shares of Metallica and is expecting a further annual payment in the coming weeks.