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Benjamin Hill Mining Corp., now known as Forge Resources Corp., is a Canadian-listed junior exploration company focused on exploring and advancing the Alotta project. The company recently acquired additional interest in Aion Mining Corp., bringing its total ownership to 40%. The Alotta project, located in the Yukon Territory of Canada, is a prospective porphyry copper-gold-molybdenum project with significant drilling programs planned. With a focus on developing mineral properties, Forge Resources Corp. aims to advance its projects and drive shareholder value.
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Benjamin Hill Mining Corp. rebrands to Forge Resources Corp. and introduces new ticker symbol 'FRG'. The company will trade on the CSE starting April 22, 2024, reflecting a strategic shift in vision and project development commitment.
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Benjamin Hill Mining Corp. announces the prioritized target areas for drill testing at the Alotta project in Yukon. The company plans to complete up to 5 drill holes totaling 2,500 meters to test high priority geochemical/geophysical anomalies for porphyry-style mineralization. The Payout and Severance Zones show significant surface mineralization, while the Alimony and Commission Targets present molybdenum-gold and gold-copper-molybdenum soil anomalies, respectively. The Alotta property is located near Western Copper and Gold's Casino deposit, a major copper-gold mining project. Western Copper and Gold recently upsized their bought deal public offering, indicating strong investor interest in the region.
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Benjamin Hill Mining Corp. acquires a further interest in Aion Mining Corp., bringing its total ownership to 40%. The Company will provide $1,875,000 and 1,508,621 common shares to Aion. CEO Cole McClay sees this as a positive step towards developing the La Estrella coal project.
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Benjamin Hill Mining Corp. announces the staking of 18 new claim blocks covering 376 hectares near Alotta property. The company plans to drill up to 5 holes totaling 2,500 meters to explore high-priority anomalies.
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Benjamin Hill Mining Corp (BNNHF) increases interest in Aion Mining Corp to 40% with LOI Extension Agreement, expected to close by April 15, 2024.
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Benjamin Hill Mining Corp. announces alteration in consideration for acquiring a 40% interest in Aion Mining Corp. The total consideration of $1,875,000 will now be split as $1,000,000 in cash and 1,508,621 common shares at $0.58 per share. The transaction is subject to approvals, with no guarantees of completion. The Company also filed a 43-101 Technical Report for Aion's Colombian coal project.
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Benjamin Hill Mining Corp. provides an update on Aion Mining's Colombian coal project, highlighting significant progress in earth movement contracts, platform development, and surface works. The company also reports advancements in facilities development, environmental compliance, and an extension agreement with Aion Mining. A correction to a previous press release regarding the number of shares issued has been issued.
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Benjamin Hill Mining Corp. closes private placement financing, raising $5.3 million through the sale of 8,352,750 units at $0.64 per unit. The offering included LIFE units and Accredited Investor units, with a portion subject to a hold period. The company plans to use the proceeds for exploration, development, and potential acquisition of Aion Mining Corp. shares.
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Benjamin Hill Mining Corp. announces positive assay results from diamond drill holes at Alotta gold-copper-molybdenum target in Yukon, with 211.65 meters of 0.46 g/t gold, indicating significant mineralization potential.
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Benjamin Hill Mining Corp. (BNNHF) has entered into a market making services agreement with Independent Trading Group Inc. The agreement aims to enhance liquidity by trading shares on various platforms. ITG will receive $7,000 CAD monthly for its services.
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FAQ
What is the current stock price of BENJAMIN HILL MINING (BNNHF)?
The current stock price of BENJAMIN HILL MINING (BNNHF) is $0.4022 as of April 19, 2024.
What is the market cap of BENJAMIN HILL MINING (BNNHF)?
The market cap of BENJAMIN HILL MINING (BNNHF) is approximately 29.1M.
What is Benjamin Hill Mining Corp. focused on?
The company is focused on exploring and advancing the Alotta project, a prospective porphyry copper-gold-molybdenum project located in the Yukon Territory of Canada.
What recent achievement has the company made?
Benjamin Hill Mining Corp. acquired additional interest in Aion Mining Corp., increasing its ownership to 40%.
Where is the Alotta project located?
The Alotta project is situated 50 km south-east of the Casino porphyry deposit in the unglaciated portion of the Dawson Range porphyry/epithermal belt in the Yukon Territory of Canada.
What drilling programs are planned for the Alotta project?
The company plans to complete up to 5 drill holes for a total of 2,500 meters as part of the fall 2023 diamond drilling program.
What is the company's strategy for advancing its projects?
Forge Resources Corp. aims to advance its mineral properties through strategic exploration and development initiatives to create value for shareholders.
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