THUNDER BAY, ON, Aug. 20 /CNW/ - Benton Resources Corporation ("Benton"
or the "Company") is pleased to report that it has entered into an option
agreement with Joseph Hackl Sr. and Joseph Christopher Hackl Jr. (the
"Vendors") whereby, subject to regulatory approval, the Company has the right
to earn a 100% interest in the mineral claims referred to as the Bark Lake
claims located in northern Ontario (the "Property").
Under the terms of the option agreement, the Company must make cash
payments totaling $59,000 and issue 40,000 common shares over a three year
period. The Property is subject to a 2% NSR royalty, half of which (1%) may be
purchased by the Company for $1,000,000.
The Bark Lake property is host to numerous newly discovered platinum
(Pt), palladium (Pd), gold (Au), copper (Cu) and nickel (Ni) showings consist
of mineralized ultramafic rock either in outcrop or dozens of mineralized
boulders. The mineralized occurrences are situated along the Quetico Fault, a
major crustal-scale east west oriented structure.
Grab samples have returned grades up to 4.35gpt Pd, 2.64gpt Pt, 0.74gpt
Au, 1.2% Cu, 0.5% Ni by the Vendors. Samples collected by Benton personnel
have confirmed significant precious and base metals across the project area.
Benton is currently scheduling prospecting, mapping, line-cutting and ground
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.
For further information:
For further information: Stephen Stares, 611 Montreal Street, Thunder
Bay, Ontario, P7E 3P2, Phone (807) 475-7474, Fax (807) 475-7200,
www.bentonresources.ca; Investor relations: In Canada: First Canadian Capital,
Daniel Boase, Phone (416) 742-5600, Fax (416) 742-6410; In U.S.A: The Windward
Agency, Kelly Boatright, Phone (704) 588-8600