THUNDER BAY, ON, Aug. 6 /CNW/ - Benton Resources Corp (BTC: TSX.V,
"Benton" or "the Company") is pleased to announce the following exploration
update from the Company's ongoing exploration programs.
Golden Harp "Block A": Benton has completed a work program consisting of
line cutting, ground geophysics (induced polarization (IP) and magnetic),
mapping and a soil geochemical survey. Of particular interest was the results
of the soil survey where several individual samples returned (greater than)0.5
gpt Au with the highest value returning 5.11 gpt Au. The soil geochemical
anomaly up to 900 metres (m) long, is coincident with a moderate to strong IP
chargeability response, and occurs along strike to the north west of the MC
Zone where diamond drilling in 2008 by Golden Harp Resources Inc. intersected
3.6 gpt gold over 9.0m (including 14.29 gpt Au over 2.0m) from hole GH-019.
Benton is planning a substantial drill program to systematically test the new
coincident soil and IP anomaly and the MC Zone, as well as follow-up drilling
at the Cook Zone where Benton's diamond drill program completed in June
returned grades of 5.03 gpt Au over 8.5m in GH09-01, 11.9 gpt Au over 5.5m in
GH09-02, and 21.41 gpt Au over 3.0m (including 40.2 gpt Au over 1.5m) in
GH09-06 The Golden Harp Block A property is located approximately 100 km south
of Timmins and 87 km southwest of Kirkland Lake, Ontario. Benton is currently
in the midst of earning up to a 70% interest in the property (Benton P.R March
Saganaga Gold Project: Grid establishment has been finished and ground
geophysical surveys (IP and magnetics) are almost complete. A compilation of
available data has produced several drill targets that will be followed up on
as soon as possible. Drilling will target the Powell gold zone where
historical drilling intersected 36.6 gpt Au over 5.3m, the newly discover
Megan zone where selected surface grab samples returned grades as high as 75.0
gpt gold, and the Starr Zone where Teck ("Teck") Resources Limited's final
hole of an 11-hole program intersected 5.36 gpt Au over 20.0m. Teck held the
Saganaga gold property under option from Benton during 2006. The drill program
is anticipated to begin in a few weeks.
Goodchild Project, All data and results have now been received and
compiled from the recent drill program. The program targeted several
electromagnetic VTEM responses along the eastern margins of the Goodchild
Ultramafic Intrusion. Several of the drill holes cut various narrow intervals
of massive sulphide but only anomalous amounts of base and precious metals
were returned. Two of the drill holes contained minor amounts of native copper
in the ultramafic indicating a sulphur under-saturated situation and combined
with extremely low nickel values locally of less than 100 ppm in the
ultramafic may suggest that the nickel has been previously removed from the
ultramafic melt and formed a nickel-rich sulphide deposit at depth. The
company is currently compiling and reviewing all the data collected to date to
evaluate the property moving forward.
South Sibley Project: Benton recently announced an option and joint
venture agreement with Kennecott Canada Exploration Inc. who is currently
mobilizing a diamond drill to test several magnetic features in search for
nickel, copper, platinum, and palladium mineralization. Results will be
released after completion of the drill program and assays received.
Onion Lake Project: Benton recently announced an option and joint venture
agreement with a private Australian-based company, Aspire Minerals Pty Ltd.,
and a full agreement is now under review. An exploration program will be
designed and initiated after the full agreement is executed and granted
Kingurutik Lake Project: Benton is currently awaiting an update from its
partner Teck, however given the short window of opportunity for the summer
exploration season in north central Labrador the Company believes no work will
commence until next spring.
Benton is a Canadian based junior with multiple joint ventures and a
diversified property portfolio in Gold, Nickel, Copper, and Platinum group
elements which can be view on the company's web site post below. The company
currently has approximately $13.0 million in cash, owns a 34.3% interest in
Coro Mining Corp (TSX.COP), holds an approximate 5% interest in Marathon PGM
Corp (TSX.MAR) and retains a 2% Net Smelter Royalty on the northern portion of
the Marathon PGM deposit.
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, ON, P7E 3P2, Phone (807) 475-7474, Fax (807) 475-7200,
www.bentonresources.com; Investor relations: In Canada: First Canadian
Capital, Daniel Boase, Phone (416) 742-5600, Fax (416) 742-6410 Or Clair
Calvert, (204) 799-2086