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BENTON RELEASES ADDITIONAL DRILL RESULTS ON THE BEDIVERE GOLD PROJECT  

BENTON RELEASES ADDITIONAL DRILL RESULTS ON THE BEDIVERE GOLD PROJECT  

 

August 31, 2017

 

Thunder Bay, Ontario: Benton Resources Inc. (TSXV: BEX) (“Benton” or “the Company”) is pleased to announce that it has received additional results from the recently completed 14-hole diamond drill program at their Bedivere Gold Project located in northwestern Ontario.  Highlights from hole BED-17-013 include 0.8gpt (grams per tonne) Au (gold) over 23.0m (metres) including 3.09gpt Au over 4.0m and 11.2gpt Au over 1.0m as well as a lower zone of 4.04gpt over 1.0m. The first drill campaign demonstrates the gold-bearing system is highly fertile, open at depth and along strike in both directions. Grid establishment followed by an Induced Polarization (I.P.) geophysical survey is starting immediately to help define further drill targets.

 

Assay results from drilling received to date by the Company are summarized in the table below. 

 

Hole

From

To

Interval

Grade (Au g/t)

BED-17-001*

2.7

5.0

2.3

1.82

17.9

31.9

14.0

1.50

includes

17.9

21.9

4.0

3.63

includes

17.9

19.9

2.0

6.43

includes

25.9

28.9

3.0

1.41

BED-17-002*

20.3

24.3

4.0

0.77

includes

22.3

23.3

1.0

1.98

51.0

52.0

1.0

4.85

BED-17-003*

22.7

23.7

1.0

37.30

BED-17-004*

39.8

40.8

1.0

1.10

49.4

52.2

2.8

0.96

51.2

52.2

1.0

1.86

BED-17-005*

34.0

56.2

22.2

1.07

includes

37.8

56.2

18.4

1.26

includes

43.8

56.2

12.4

1.71

includes

50.5

56.2

5.7

3.37

includes

52.5

55.2

2.7

6.59

includes

53.3

55.2

1.9

8.90

BED-17-006*

51.0

53.0

2.0

2.66

BED-17-007*

38.0

51.0

13.0

0.63

includes

50.0

51.0

1.0

5.46

BED-17-008*

50.0

51.0

1.0

2.65

BED-17-009

NSA

BED-17-010

32.3

34.3

2.0

0.44

BED-17-011

31.4

45.0

13.6

0.34

includes

31.4

35.7

4.3

0.51

BED-17-012

23.9

25.0

1.1

0.74

BED-17-013

12.5

35.5

23.0

0.80

Includes

12.5

16.5

4.0

3.09

Includes

14.5

15.5

1.0

11.20

34.5

35.5

1.0

4.04

BED-17-014

13.0

49.0

36.0

0.63

Includes

13.0

25.0

12.0

1.16

Includes

13.0

18.0

5.0

2.06

Includes

23.0

25.0

2.0

1.40

Includes

44.0

49.0

5.0

1.55

includes

44.0

45.0

1.0

5.83

 

Note: 1) intervals are reported as core lengths 2) drill hole numbers followed by an asterisk “*” note holes previously reported on, 3) NSA = No Significant Assays

 

The core was split or cut in half with one half being stored for future reference and the other half tagged and sent to Activation Laboratories Ltd. in Thunder Bay, ON.  The core samples were analyzed for gold using using fire assay (FA) with an atomic absorption (AA) finish.  Samples with grades greater than 5gpt gold were completed with a gravimetric finish.  Standards and blanks were inserted into the sample batches as part of the Company’s QA/QC protocols.

 

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 also controls the Cape Ray gold deposits located on the west coast of Newfoundland.  The results of the Cape Ray PEA include a pre-tax net present value (“NPV”) at a 7% discount rate of $48.5 million with a pre-tax internal rate of return (“IRR”) of 31% and a post-tax NPV at a 7% discount rate of $32.4 million with a post-tax IRR of 25%. 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. 

 

Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Inc., is the qualified person responsible for this release has prepared, supervised the preparation or approved the scientific and technical disclosure in the news release.

 

On behalf of the Board of Directors of Benton Resources Inc.,

 

"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.

 

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

Phone (807)475-7474

Fax (807)475-7200

www.bentonresources.ca

 

 

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684 Squier St
Thunder Bay, ON
P7B 4A8
(P) 807.475.7474
(F) 807.475.7200

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