BENTON RELEASES FINAL DRILLING RESULTS AT ABERNETHY
Thunder Bay, Ontario: Benton Resources Corp (BTC: TSX.V, “Benton” or “the Company”) is pleased to announce that the Company has now received all assay results from its recently completed diamond drilling program on its 100% owned Abernethy gold project located 10km southwest of Kenora, Ontario. The drill program has confirmed the potential to outline a significant gold resource on the property. A total of nine holes were drilled with seven of the holes testing the main horizon and the other two testing areas north and south of the main horizon. The main horizon known as the “Mingold Zone” has been traced for approximately 550m in strike length and up to 77m core length in width and is open in all directions. The Mingold Zone was discovered by a single hole drilled by Hudbay minerals in 1965 (17.8 gpt gold over 1.52 metres) and subsequently three more holes drilled by MinGold in 1989 which returned up to 6.30 gpt gold over 6.1 metres (see Benton’s PR dated April 18, 2011).
Benton’s drill campaign was successful in confirming and expanding the mineralization in strike length and at shallow depths. The gold mineralization warrants further drilling to test the full extent, grade and potential of this new discovery. Based on the limited shallow diamond drilling completed to date the mineralization appears to be a large gold system with multiple parallel zones. A location map can be viewed on the company’s web site and a table of significant results from all
Hole ID |
From |
To |
Core length (m) |
Grade (g/t Au) |
ABE11-01 |
102.4 |
103 |
0.6 |
4.48 |
and |
121.15 |
127 |
5.85 |
2.63 |
includes |
125.5 |
127 |
1.5 |
7.78 |
and |
151.7 |
153.2 |
1.5 |
1.69 |
ABE11-03 |
46.5 |
49.5 |
3 |
0.98 |
ABE11-04 |
94.4 |
96.1 |
1.7 |
1.85 |
and |
110.8 |
115.2 |
4.4 |
2.56 |
includes |
110.8 |
112.3 |
1.5 |
6.96 |
and |
133.5 |
134.05 |
.55 |
1.22 |
ABE11-05 |
70.9 |
73.4 |
2.5 |
0.34 |
ABE11-06 |
117.75 |
130.7 |
12.95 |
0.45 |
includes |
117.75 |
119.7 |
1.95 |
1.46 |
and |
128.1 |
130.7 |
2.6 |
0.78 |
ABE11-07 * |
123.5 |
216 |
92.5 |
0.46 |
includes |
156.5 |
164 |
7.5 |
2.24 |
ABE11-08 |
4.9 |
10.45 |
5.55 |
0.48 |
and |
66.25 |
67.75 |
1.5 |
1.22 |
ABE11-09 |
39.25 |
41.7 |
2.45 |
0.82 |
and |
75.5 |
76.4 |
1.32 |
0.9 |
and |
127.75 |
131.5 |
3.75 |
0.48 |
* Previously reported on, see Benton’s PR dated November 15, 2011 for more details of this
In addition, Benton is pleased to announce that Mineral Mountain Resources (TSX-V:MMV) has made its final share payment under its agreement with Benton to purchase the Golden Harp Copper Hill option (see Benton’s PR dated October 26, 2010). Benton now holds approximately 8.47 million shares of Mineral Mountain’s issued and outstanding shares.
About Benton
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 $8.4 million in cash, owns approximately 57.9 million shares in Coro Mining Corp. (TSX.COP), holds approximately 348,000 shares of Stillwater Mining Company (NYSE:SWC), holds 782,500 shares in Marathon Gold Corp. (TSX.MOZ), holds 1.6 million shares in Puget Ventures (TSX-V.PVS), holds 8.47 million shares of Mineral Mountain Resources Ltd. (TSX-V.MMV), and holds 815,000 shares of Bell Copper Corporation (TSX-V.BCU) holds 1.2 million shares of Trillium North Minerals (TSX-V.TNM), holds 1.5 million shares of Golden Dory Resources (TSX-V.GDR) and 3.0 million shares Parkside Resources (currently private) Benton is currently in the process of spinning out the majority of its assets by a plan of arrangement into a new listed company in order to separate its 41.6% investment in Coro Mining from its cash, equities and exploration assets. Benton shareholders will receive a pro-rata interest in this new company on a one-for-one share basis and pursuant to regulatory approval.
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 @:
3250 Arthur St. West, RR #2
Thunder Bay, ON P7C 4V1
Phone (807)475-7474
Fax (807)475-7200
www.bentonresources.ca
Investor Relations
Clair Calvert: @ 204-799-2086
