BENTON RESOURCES, ROYAL ROADS & GOLDEN DORY APPROVE 2009 PROGRAM FOR LONG RANGE NICKEL JOINT VENTURE, NEWFOUNDLAND – DRILL TARGETS IDENTIFIED
Benton Resources Corp. (BTC-TSX-V) (“Benton”), Royal Roads Corp. (RRO-TSX-V) ("Royal Roads"), and Golden Dory Resources Limited (GDR-TSX-V) (“Golden Dory”) are pleased to announce approval of a CDN$250,000 2009 Exploration Program and Budget on their 222 km2 Long Range Nickel joint venture in central Newfoundland. The program includes prospecting, ground geophysical surveys and diamond drilling designed to follow-up conductive anomalies identified by airborne geophysical surveys completed by Geotech Ltd. in 2008. Work has commenced with geophysical crews active on the property. The program is expected to extend into Q3-09, with prospecting and geophysical surveys to be complete in July, followed by diamond drilling. Among the targets selected for further work is a 600 metre long VTEM conductive anomaly described by Geotech Ltd. as “a relatively strong conductor consistent with massive sulphides”. This target has been selected for testing by diamond drilling, and it is anticipated that additional targets will be developed from results of the prospecting and ground geophysical surveys.
Approximately 30 conductive anomalies have been selected for ground follow-up, including anomalies identified near a recently discovered nickel-copper sulphide showing where prospecting identified gabbro containing disseminated, magmatic-textured, pentlandite, chalcopyrite and pyrrhotite. Assays from the showing yielded anomalous nickel and copper values of up to 0.28% Ni and 0.36% Cu. Based on these results it is postulated that any potential nearby massive sulphide accumulation could host nickel and copper grades comparable to other magmatic nickel sulphide deposits in North America including Vale-Inco’s Voisey’s Bay mine in Labrador and Kennecott’s Eagle deposit in northern Michigan.
The joint venture covers a 5 x 20 km gabbroic complex, recently recognized as being prospective for nickel-copper-sulphides. The property is located close to infrastructure including a 15 MW hydroelectric facility 25 km northeast of the claims. Power lines connecting the facility to the provincial grid cross the property. A paved highway also traverses the property and provides access to port facilities 50 km to the west. The area is considered receptive to mining, as it is located less than 65 km southwest of Buchans, one of the province’s longest established mining centers.
Royal Roads is the project operator and holds 40% interest in the joint venture while Benton and Golden Dory own 40% and 20% respectively. The property is subject to net smelter royalties of up to 2%, of which 1% can be purchased for $1 million. Portions of the property are also subject to underlying option agreements requiring cash payments and share issuances for the joint venture to earn a 100% interest.
Other
Paul Moore, M.Sc., P.Geo., (NL), Royal Road’s Vice President of Exploration, is acting as Qualified Person in compliance with National Instrument 43-101 with respect to this release and has reviewed the contents for accuracy. Analyses referred to herein are from rock samples collected and submitted by prospectors holding underlying rights and royalties on the joint venture property. All assays were completed by Eastern Analytical Limited of Springdale, Newfoundland by the ICP (Inductively Coupled Plasma Optical Emission Spectroscopy) method (ICP-30) for Cu and Ni and Ore Grade Assay for Ni by the atomic absorption (AA) method. ICP analyses were completed using a 0.500 g sample digested in nitric and hydrochloric acid. Ore Grade Assays (Ni) were completed using a 0.200 g sample digested in nitric and hydrochloric acid.
About Royal Roads
Royal Roads is a resource company based in Halifax, Nova Scotia, Canada and is focused on exploring and developing mineral properties in the famous historic Buchans mining camp in central Newfoundland, Canada. Royal Roads also controls several exploration properties outside of Buchans, including several under joint venture to Prominex Resource Corp. and Playfair Mining Ltd. Acadian Mining Corporation (ADA-TSX) owns 29.18% of Royal Roads. Acadian Mining is a Halifax-based resource company producing lead and zinc from its Scotia Mine and developing gold and base metal properties in Nova Scotia. For additional information on Royal Roads’ properties and activities, please visit www.royalroadscorp.ca.
About Benton Resources
Benton Resources is a mineral exploration company with an aggressive and experienced management team focused on base and precious metal exploration. Benton’s diverse property portfolio includes Canadian projects which are highly prospective for gold, uranium, platinum, palladium, nickel and copper. Benton currently has approximately $14.5 million in working capital and owns 34% interest in Coro Mining Corp. In addition, Benton has joint ventured several of their projects to major and junior companies. For additional information on Benton’s properties and activities, please visit www.bentonresources.ca.
About Golden Dory
Golden Dory is a Newfoundland based mineral exploration company focused on gold and uranium properties in Newfoundland and Labrador, Canada. Golden Dory has recently increased its focus on gold with the optioning of the Huxter Lane gold project in central Newfoundland which sits adjacent to its’ 100% owned Brady property. Both Huxter Lane and Brady are targeting bulk tonnage intrusion hosted gold deposits. Golden Dory also has 100% interests in the Burin uranium property, the Sterling copper/cobalt property, and a 50% interest in the Sims Ridge uranium property in western Labrador. Golden Dory is seeking partners to jointly explore its property holdings. For additional information on Golden Dory’s properties and activities, please visit www.goldendoryresources.com.
Forward Looking Statements
Certain information contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although Royal Roads, Benton and Golden Dory (the “Companies”) believe that the expectations reflected in such forward-looking statements are reasonable, they can give no assurance that such expectations will prove to have been correct. The Companies caution that actual performance will be affected by a number of factors, many of which are beyond their control, and that future events and results may vary substantially from what the Companies currently foresee. The Companies’ forward-looking statements are expressly qualified in their entirety by this cautionary statement.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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.
For further information contact Stephen Stares @:
611 Montreal Street
Thunder Bay, ON P7E 3P2
Phone (807)475-7474
Fax (807)475-7200
www.bentonresources.com
Investor relations:
First Canadian Capital
Daniel Boase
Phone (416) 742 5600
Fax (416) 742 6410
