THUNDER BAY, ON, June 25 /CNW/ - Benton Resources Corp. ("Benton" or the
"Company") is pleased to announce that assay results for the first hole
drilled from the most recent drill campaign at Area 41 have been received.
Drill hole SL-08-21 intersected 61.5m grading 1.29gpt TPM and 0.17% Cu.
Several higher grade sections within the above intersection include 4.06gpt
TPM and 0.17% Cu over 4.5m and 4.34gpt TMP and 0.29% Cu over 3.0m.
The Company views the new results as very significant as they extend the
known mineralization to depth and confirm high platinum to palladium ratios at
Area 41. The Pt:Pd ratio at Area 41 is approximately 1:2 versus the historical
ratio of 1:4 on the remainder of the Bermuda Property.
Benton is currently waiting for results from an additional 4 holes
drilled at Area 41 and a further 6 holes drilled on the Sally Lake deposit
area. The Sally Lake deposit, drilled in the 1960's, has a historical resource
of 60mt grading 0.2% copper, 27% iron and 5% titanium (Schneider's et at,
2004; OGS OFR 6148). This resource is non 43-101 compliant and the company has
not verified the calculation. During the time of exploration in the 1960's
assays for Platinum, Palladium and Gold was not completed. Surface sampling
completed by Benton personnel has returned results of up to 5.0 gpt TPM at
Sally Lake. Benton is currently evaluating the potential of the iron,
titanium, vanadium, and phosphorus along with the copper and platinum group
Management is excited about these recent results from the west end of the
Coldwell Complex as they demonstrate the potential to host large resources of
platinum group metals and copper similar to the nearby Marathon deposit, which
is currently undergoing a feasibility study by Marathon PGM Corp.
Results for the remainder of the drilling will be released as they are
received and compiled.
Drill From To Length Au Pt Pd TPM
Hole metres metres metres gpt gpt gpt gpt Cu %
SL-08-21 93.5 155.0 61.5 0.09 0.47 0.73 1.29 0.17
Including 128.0 150.0 22.0 0.15 0.82 1.19 2.16 0.21
Including 131.0 135.5 4.5 0.31 1.64 2.11 4.06 0.17
and 144.5 147.5 3.0 0.19 1.66 2.49 4.34 0.29
Note: TPM = total precious metals = platinum (Pt)
+ palladium (Pd) + gold (Au), Cu = copper, gpt =
gram per tonne
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