THUNDER BAY, ON, July 3 /CNW/ - Benton Resources Corp. (TSXV: BTC)
("Benton") and Pacific Northwest Capital Corp. ("PFN") (TSXV: PFN) are pleased
to announce that a helicopter-borne magnetic and electromagnetic (VTEM) survey
has been completed over the Tooms Township claim block of the Swayze JV
Project located west of Timmins, Ontario.
The Swayze joint venture was formed to explore for
nickel-copper-platinum-palladium deposits in the ultramafic rocks of the
Swayze Greenstone Complex, centered 80 km southwest of Timmins. Land holdings
include three claim blocks totaling 670 units located in Tooms, Heenan and
Kenogaming Townships. The Tooms Property is host to several nickel showings
with historic drill core values of up to 0.83% Ni over 7.3m including 2.5% Ni
over 1.6m (MNDM assessment files). On the Heenan Twp claim block, a 20 km grid
has been established and ground magnetic and induced polarization surveys (IP)
have been completed over a new gold-bearing zone discovered by prospectors
John Hussey and Armand Aube of Timmins, Ontario. Initial surface grab samples
from the zone have returned up to 4.3 grams per tonne gold.
Mapping and prospecting crews are currently active on the Heenan and
Kenogaming claim blocks and will be dispatched to the Tooms property when
results from the airborne survey have been compiled.
Benton Resources Corp. and Pacific North West Capital are participating
in a 50% - 50% Joint Venture whereby both Companies agree to bear all
expenditures and participate in a single purpose unincorporated Joint Venture
for the purpose of carrying out all mineral exploration. Benton is the
Operator for the project and will be responsible for carrying out all
About Benton Resources Corp:
Benton Resources Corp. (the "Company") is a mineral exploration company
listed on the TSX Venture Exchange under the symbol BTC. Benton's aggressive
and experienced management team is focused on base and precious group metal
exploration. The Company's diverse property portfolio includes Canadian
projects which are highly prospective for gold, uranium, platinum, palladium,
nickel and copper. Benton Management believes due to the current market
conditions the Company is extremely undervalued. The Company currently has
approximately $20 million in working capital and an extremely prospective
Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Corp., is
the qualified person responsible for this release.
On behalf of the Board of Directors of Benton Resources Corp.
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking statements in this release are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform act of 1995.
Investors are cautioned that such forward-looking statements involve risks and
For further information:
For further information: Stephen Stares, 611 Montreal Street, Thunder
Bay, Ontario, P7E 6J7, Phone (807) 475-7474, Fax (807) 475-7200,
www.bentonresources.ca; Investor relations: First Canadian Capital Corp.,
Daniel Boase, Phone (416) 742-5600, Toll Free: 1-866-580-8891; In U.S.A: The
Windward Agency, Kelly Boatright, Phone (704) 588-8600