Benton intersects gold on the Deloro Property in Timmins, Ontario
Thunder Bay, Ontario: Benton Resources Corp (BTC: TSX.V, “Benton” or “the Company”) is pleased to announce that the company has received the results from the first 12 diamond drill holes completed on the Deloro project, located in the Timmins gold mining camp, and confirms the presence of high grade gold mineralization on the property. Highlights of the drilling include 8.57gpt Au (grams per tonne gold) over 3.5 metres including 11.86 gpt over 2.5 metres from hole D09-12, the western most and deepest hole drilled to date. The drill program has focused on drilling stratigraphic holes on 50 metre spaced lines, starting at the east property boundary (L508E) and working westwards, testing for mineralized structures along the south vein horizon. Of particular interest is the fact that the best results received have come from the most westerly and deepest hole (D09-12) drilled to date (L506+00E at approximately 100 metres below surface). Gold mineralization occurs within a distinct quartz breccia hosted within a zone of heavy pyrite and strong sericite altered mafic volcanic rocks.
The company is encouraged by these results and diamond drilling is continuing to the west and below the mineralization intersected in hole D09-12.
The Deloro property is under option from Deloro Mining and Smelting Inc. Under the agreement Benton can acquire a 100% interest in two mining patents and one mining claim located 900 metres west and on strike of the 930,000 ounce past producing Delnite mine and situated along the prolific Dome-Aunor-Delnite mine trend. Under the terms of the agreement the company must pay $60,000 in cash and 400,000 shares of the company on signing and a further 1.1 million shares within 24 months.
The following table summarizes the drilling to date. A map and pictures are posted on the company’s website showing the location and pictures of some of the pits.
|Hole||FROM||TO||Au g/t||DDH Thickness (m)||Grid Line|
|D09-01||no significant values||508+00E|
|D09-03||no significant values||508+00E|
|D09-04||no significant values||507+50E|
|note: all widths are downhole thickness|
Benton is a Canadian based junior with multiple joint ventures and a diversified property portfolio in Gold, Nickel, Copper, and Platinum group elements. The company currently has approximately $13 million in cash, owns approximately 36.3% interest in Coro Mining Corp (TSX.COP), holds an approximate 5% interest in Marathon PGM Corp (TSX.MAR) and retains a 2% Net Smelter Royalty on the northern portion of the Marathon PGM deposit.
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 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
AGORACOM Investor Relations
or Clair Calvert: @204-799-2086
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