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Cape Ray - Au

 

The Cape Ray East Property is comprised of 611 contiguous claims totalling 152 square kilometers, located in SW Newfoundland along the Cape Ray fault. The property is located approximately 10 km north of the town of Port aux Basques, at the southernmost point and continues in a northeast and easterly direction for approximately 60 km. Access to the property is by bush road, float plane or helicopter. A series of registered ATV trails allow access to the majority of the claims.

A portion of the property was acquired by Benton through staking while the remaining claims were added via two separate purchases from Cornerstone Capital Resources Inc. and Tenacity Gold Mining Company Ltd.  The Cornerstone purchase, which included the 51 Zone and WGH Zone – combine for a total of 207,000oz of Gold and 926,000oz Silver (43-101 compliant) - while the Tenacity purchase, which included the ‘04’, ‘41’, ‘Isle Aux Mort’ and ‘Big Pond’ gold deposits has a historic resource of 241,700oz gold.

 

Deposit Name

Tonnes

g Au/t

oz. Au

oz. Ag

Resource Category

NI43-101 Status  

51 Deposit

530,000

6.1

103,943

270,253

Inferred

Compliant

Windowglass Hill   

1,810,000  

1.77

103,001  

656,415  

Inferred

Compliant

Big Pond

91,300

4.5

11,900

 

Indicated & Inferred   

Non-Compliant

Isle aux Morts

407,200

2.75

36,100

 

Indicated & Inferred

Non-Compliant

04 Deposit

1,166,200

4.65

158,100

 

Indicated & Inferred

Non-Compliant

41 Deposit

547,700

2.22

35,600

 

Indicated & Inferred

Non-Compliant

Total:  >448,000oz Gold with Silver and Base Metal credits

 

The Cape Ray East Property straddles the Cape Ray Fault Zone which forms a structural boundary between the Dunnage Zone to the northwest and the Gander Zone to the southeast, two of four tectonostratigraphic zones into which the geology of Newfoundland has been subdivided. The zone is 100 km long and several hundred metres wide and is comprised of highly strained rocks. The most significant mineralized zones discovered to date make up the Cape Ray Gold Deposit (comprising the #04, #41 and #51 Zones) in which gold occurs mainly in galena and chalcopyrite-rich, fault-fill quartz breccia veins hosted by graphitic schists of the Windsor Point Group. Elsewhere along the fault zone, significant gold mineralized zones occur in pyrite-rich, fault-filled quartz breccia veins (at the Big Pond Prospect); in extensional, subhorizontal quartz veins hosted by the Windowglass Hill Granite (Windowglass Hill Prospect); and as fault-fill quartz veins and strongly pyritized, iron-rich sedimentary rocks at or close to the contact between the Cape Ray Igneous Complex and the Windsor Point Group (Isle aux Morts Prospect).

Work completed by Benton to date has included prospecting, soil geochemistry, several property visits via helicopter to assess the more prominent areas defined by previous exploration. These include trench samples which returned 56.8 g/t Au and 18.7 g/t Au. Historic heavy metal concentrate (“HMC”) till samples have returned values up to 9.9 g/t Au and historic HMC stream sediment samples have returned 71.0 g/t and 24.4 g/t Au. An initial prospecting program in the summer of 2012 returned samples grading up to 58.9 g/t Au and 11.9 g/t Au and 148 g/t Ag both in large quartz boulders. A follow-up 2-day prospecting program by Benton management returned a sample with 191.2 g/t Au and 888.0 g/t Ag in the same area.  Exploration is ongoing.

Benton DMS Flowsheet

Detailed modeling of the 51 Zone suggests that the bulk of the mineral resource lies within 65 meters of surface in a shallow plunging mineralized shoot. Benton is currently studying the economics of a shallow open pit mine to exploit this resource and to produce on-site a saleable metal concentrate by way of dense media separation (“DMS”) and/or gravity concentration. The production of a concentrate through DMS would eliminate the need for a capital intensive conventional mill and would substantially lower production costs thus making a small scale mining operation potentially economic. The Company has recently collected a 150 kilogram mini bulk sample from a trench over the zone and has contracted Met-Solve Laboratories in Langley, B.C. to complete the metallurgical testing to determine the recoverability and value of the concentrate through the DMS process. As a check, nine samples totaling 20 kg of this same material was sent to Eastern Analytical labs in Springdale, NF for assaying. The average grade o f the 9 samples returned 8.62 gpt gold, 33.34 gpt silver, 1.73% lead, 0.72% zinc and 0.22% copper. Given the exceptional grades of the trench sample and of the historic resource, the shallow depth of mineralization and the potential to create an on-site, low cost, high value concentrate, the Company believes the 51 deposit may have to potential to be a viable stand-alone profitable operation.   Highlights from the initial metallurgical tests on the mini bulk sample are as follows: 

Flowsheet
Specific Gravity Cut Point
Gold
Silver
Lead
Rec. (%)
Rec. (%)
Rec (%)
1
2.93
68
64.1
77.9
2
2.83
76.9
71.4
81.1

The Company is very encouraged by these results and additional work to optimize concentrate recoveries is ongoing. These tests include testing finer crush sizes for the DMS feed (the above results were achieved using a maximum crush size of 1.9cm) and testing a finer grind of feed for the falcon concentrator.  

 

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Cape Ray - Highlights

& Regional Geology

Cape Ray - Highlights &

Detailed Airborne Magnetics

Cape Ray Deposits

 

  

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Recent Sampling

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Last1:22pm 7/23/2014

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3250 Hwy 130
Rosslyn, ON
P7K0B1
(P) 807.475.7474
(F) 807.475.7200

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