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, President
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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
Clair Calvert: @ 204-799-2086