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Benton Resources Receives Encouraging Result From Cape Ray and Staghorn Gold Projects
THUNDER BAY, ONTARIO--(Marketwired - Sept. 10, 2015) - Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") is pleased to announce initial results from an extensive trenching program on the 51 and 41 zones of the Cape Ray Gold Project. To date, all samples collected on the 51 zone have now been received. The 51 zone was exposed for a strike length of approximately 200 meters and a total of 104 saw-cut samples, ranging in length from 0.4 to 1.2 meters, were cut at intervals ranging from 7.5 to 15 meters in 23 separate section lines within the exposed trench. Some highlights include 8.7 g/t Au, 27.12 g/t Ag over 5.4 meters (Section Line F), 11.27 g/t Au, 26.89 g/t Ag over 6.8 meters (section Line G) and 13.57 g/t Au, 39.33 g/t Ag over 5.2 meters (section Line R). Results for the 41 zone trench are pending. The information collected in the 51 and 41 zone trenching program will provide Benton and its partner Nordmin Engineering the information to help understand the structure, geology and grade continuity of the 41 and 51 deposits. Once all of the information is received, the data will be incorporated into the NI 43-101 compliant resource base in preparation for an upcoming Preliminary Economic Assessment (PEA) to be completed by Benton's partner, Nordmin Engineering. Due to the late start in the season Benton has granted Nordmin an extension of time to complete the PEA which is expected shortly after all of the results of the program have been received, released, compiled and incorporated. A complete table of results for the 51 deposit is listed below and a map and pictures of the trenches can be viewed on Benton's web site www.bentonresources.ca).
Channel section | Section | Au | Au cut | Ag | Ag cut | Cu | Pb | Zn |
A | 1.50 | 9.19 | 9.19 | 5.10 | 5.10 | 0.03 | 0.08 | 0.04 |
B | 2.30 | 1.98 | 1.98 | 33.69 | 33.69 | 0.03 | 0.84 | 3.29 |
C | 3.00 | 0.57 | 0.57 | 2.20 | 2.20 | 0.01 | 0.07 | 0.04 |
D | 2.70 | 6.79 | 6.79 | 45.36 | 33.87 | 0.17 | 0.85 | 0.03 |
E | 5.70 | 6.14 | 6.14 | 12.43 | 12.43 | 0.17 | 0.13 | 0.11 |
F | 5.35 | 8.70 | 8.70 | 27.12 | 27.12 | 0.12 | 0.90 | 0.23 |
G | 6.80 | 11.27 | 11.27 | 46.37 | 26.89 | 0.22 | 0.95 | 0.35 |
H | 5.20 | 8.55 | 8.55 | 46.19 | 39.46 | 0.23 | 1.96 | 0.77 |
I | 6.10 | 0.95 | 0.95 | 18.78 | 18.78 | 0.06 | 0.63 | 0.14 |
J | 4.30 | 11.32 | 11.32 | 32.78 | 32.43 | 0.21 | 1.40 | 0.60 |
K | 4.90 | 5.46 | 5.46 | 11.51 | 11.51 | 0.06 | 0.53 | 0.27 |
L | 5.00 | 2.92 | 2.92 | 6.77 | 6.77 | 0.06 | 0.30 | 0.41 |
M | 3.70 | 0.83 | 0.83 | 4.23 | 4.23 | 0.03 | 0.16 | 0.05 |
N | 2.50 | 0.02 | 0.02 | 1.22 | 1.22 | 0.01 | 0.01 | 0.03 |
O | 3.00 | 5.85 | 5.85 | 24.69 | 24.69 | 0.32 | 1.37 | 0.11 |
P | 3.60 | 3.37 | 3.37 | 13.84 | 13.84 | 0.28 | 0.27 | 0.10 |
Q | 5.10 | 3.20 | 3.20 | 18.48 | 18.48 | 0.10 | 0.66 | 0.53 |
R | 5.20 | 13.57 | 13.57 | 57.93 | 39.33 | 0.50 | 1.96 | 0.20 |
S | 3.40 | 14.24 | 14.24 | 164.99 | 44.64 | 1.34 | 9.25 | 0.25 |
T | 2.70 | 13.44 | 11.52 | 43.29 | 32.40 | 0.35 | 1.88 | 1.20 |
U | 3.50 | 14.42 | 13.96 | 72.29 | 44.52 | 0.79 | 1.55 | 1.16 |
V | 2.90 | 2.12 | 2.12 | 8.07 | 8.07 | 0.13 | 0.17 | 0.07 |
W | 3.20 | 10.94 | 10.23 | 56.63 | 27.08 | 0.87 | 1.00 | 0.30 |
note: Au cut to 40 g/t, Ag cut to 80 g/t | ||||||||
On the Staghorn gold property (under option from Metals Creek Resources Corp., see Benton press release dated Nov. 18, 2014), Benton continues to find new high grade gold on the Ryan's Hammer trend with selective grab samples from numerous large angular mineralized boulders interpreted to be subcrop continue to return encouraging results. The most recent results from four new well mineralized samples assayed 0.62gpt, 1.5gpt, 7.7gpt and 27.8gpt gold and may potentially extend the gold mineralized horizon to approximately 2.2km in length.
The Company believes the zone is situated within an east west oriented splay or dilation zone off of the main Cape Ray fault and trenching to expose the zone is scheduled to start immediately after the permit is received which is expected by the end of the week or early next week. The Company's soil sampling program and geochemical analysis has resulted in some extensive gold-in-soil anomalies clustering in a linear fashion. The soil program has now been expanded to cover the new visible gold showing area, the Rich House showing, situated in the north eastern portion of the project where recently announced grab samples graded from trace to 189.2gpt gold.
The Cape Ray/Victoria Lake regional fault zone hosts a number of gold deposits, including Marathon Gold's Valentine Lake deposit located 30km to the northeast of the Staghorn and Benton's Cape Ray gold deposits approximately 100km to the southwest.
All assays were completed by Eastern Analytical of Springdale, NL using fire assay.
About Benton Resources Inc. (TSX VENTURE:BEX)
Benton Resources Inc is a well-funded Canadian-based junior with a diversified property portfolio in Gold- Silver, Nickel, Copper, and Platinum group elements.
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
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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.
