BENTON INVITES INVESTORS TO THEIR PDAC BOOTH, CORE SHACK DISPLAY AND PRESENTATION
Thunder Bay, Ontario: Benton Resources Inc. (TSXV: BEX) (“Benton” or “the Company”) is pleased to announce that they will be displaying rock samples, core and maps for their Bedivere Gold Project and Cape Ray gold deposits at PDAC Booth #2117 from March 5th to March 8th. In addition, core from the most recent drilling at Cape Ray will be displayed in Benton’s Core Shack, booth #3119A on March 5th and 6th. Company President and CEO, Stephen Stares, will deliver a presentation on the Bedivere Gold Project at the PDAC Ontario Pavilion on Sunday March 5, 2017 at 1:30PM EST.
The company encourages investors to come and learn about the upcoming exploration plans for 2017 which will include drilling on Benton’s Cape Ray Fault projects (Staghorn, Isle Aux Mort deposit and Big Pond deposit), along with exciting plans for the Bedivere project. The Benton booth will also be displaying some spectacular visible gold samples from the Traxxin Zone on the Bedivere project where vendors’ samples contained up to 41oz/t gold.
About Benton Resources Inc. (TSXV: 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..
Benton's flagship project is the Cape Ray gold deposits located on the west coast of NL under option to Nordmin Engineering Ltd. (“Nordmin”). Nordmin is earning up to a 50% interest in 4 of the 6 Cape Ray deposits (see Benton PR January 20, 2015) owned by Benton by completing various work programs and project milestones as well as carrying Benton to a full feasibility study and arranging 50% of project financing to production. In February of this year, the companies released the results of updated positive preliminary economic assessment (“PEA”) for their Cape Ray Gold Project (see PR Feb 09, 2017). The results of the PEA include a pre-tax net present value (“NPV”) at a 7% discount rate of $82.2 million with a pre-tax internal rate of return (“IRR”) of 40% and a post-tax NPV at a 7% discount rate of $56.9 million with a post-tax IRR of 34%. The reader should be cautioned that the PEA is preliminary in nature. It contains inferred mineral resources that are considered too speculative to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. The proposed 2017 drill campaign will help bring some of the inferred resources into indicated which will help with the confidence level of the project as we move towards the feasibility study.
Clinton Barr, PGeo, Vice-President of Exploration for Benton Resources Inc., is the qualified person responsible for this release and has prepared, supervised and approved the preparation of the scientific and technical disclosure contained within the 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.
For further information contact Stephen Stares @:
684 Squier Street,
Thunder Bay, ON P7B 4A8