Benton samples over 5 oz per tonne gold at Turtlepond
THUNDER BAY, ON, Oct. 26, 2012 /CNW/ - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that the Company recently discovered several high grade zones of gold mineralization on its Turtlepond project. The project is located approximately 23 km southeast of Dryden, Ontario and 20 km south of Treasury Metals' Goliath gold deposit. Multiple old shafts and pits were sunk in the 1930's but little work has been completed in the Turtlepond area until now. New logging operations have recently improved access to the project and almost all of Benton's property has been clear-cut. Benton has completed prospecting, a 478 sample soil geochemistry survey, trenching and stripping with encouraging early results. Two historical shaft zones have now been stripped and the company has identified gold grades from trace to 161gpt (5.2 oz per tonne) gold in grab samples and 3.7gpt Au over 3m and 1.1gpt Au over 6m in very limited channel sampling. Gold mineralization is common throughout the property and 2.5km separates the two samples with the highest gold assays (161g/t Au and 156g/t Au). Benton is currently planning line-cutting, further trenching, and ground magnetometer and induced polarization (I.P) surveys to assist with expanding the high grade zones and for diamond drill targeting. A map showing the exploration results to date can be viewed on the company's website at www.bentonresources.ca.
Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Inc., is the qualified person responsible for this release.
On behalf of the Board of Directors of Benton Resources Inc.,
"Stephen Stares"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements"
within the meaning of applicable securities legislation.
Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and estimates
of amounts not yet determinable. Any statements that express
predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance are not statements of
historical fact and may be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and
uncertainties which could cause actual events or results to differ from
those reflected in the forward-looking statements, including, without
limitation: risks related to failure to obtain adequate financing on a
timely basis and on acceptable terms; risks related to the outcome of
legal proceedings; political and regulatory risks associated with
mining and exploration; risks related to the maintenance of stock
exchange listings; risks related to environmental regulation and
liability; the potential for delays in exploration or development
activities or the completion of feasibility studies; the uncertainty of
profitability; risks and uncertainties relating to the interpretation
of drill results, the geology, grade and continuity of mineral
deposits; risks related to the inherent uncertainty of production and
cost estimates and the potential for unexpected costs and expenses;
results of prefeasibility and feasibility studies, and the possibility
that future exploration, development or mining results will not be
consistent with the Company's expectations; risks related to gold price
and other commodity price fluctuations; and other risks and
uncertainties related to the Company's prospects, properties and
business detailed elsewhere in the Company's disclosure record. Should
one or more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those described in forward-looking statements.
Investors are cautioned against attributing undue certainty to
forward-looking statements. These forward looking statements are made
as of the date hereof and the Company does not assume any obligation to
update or revise them to reflect new events or circumstances. Actual
events or results could differ materially from the Company's
expectations or projections.
SOURCE: Benton Resources Corp.
For further information: Stephen Stares @:
3250 Highway 130,
Rosslyn, ON P7K 0B1
Phone (807)475-7474
Fax (807)475-7200
www.bentonresources.ca
Investor Relations
Clair Calvert: @ 204-799-2086