Benton Hits Wide Zones of Platinum Group Metals and Copper at Area 41
Benton Resources Corp. (“Benton” or the “Company”) (TSX-V: BTC) 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 1960s, 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 1960s assays for Platinum, Palladium and Gold was not completed. Surface sampling completed by Benton personnel has returned results of up to 5.0gpt TPM at Sally Lake. Benton is currently evaluating the potential of the iron, titanium, vanadium, and phosphorus along with the copper and platinum group metals.
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.
From To Length Cu Drill Hole metres metres metres Au gpt Pt gpt Pd gpt TPM gpt % 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 property portfolio.
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" 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 uncertainties.
Distributed by Filing Services Canada and retransmitted by Marketwire
For further information contact 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
SOURCE: Benton Resources Corp.