Golden Harp and Benton Resources Corp. announced they have signed a Joint Venture Agreement granting Benton the option to earn a 60% interest in Block A of Golden Harp’s 100%-owned 145 sq. km Copper Hill Property. The claims included under the Block A option agreement represent 351 claim units of Golden Harp’s 855 claim units covering several historic gold occurrences including the Cook Zone and the newly discovered MC Zone. The terms of the agreement call for Benton to expend $2 million in work commitments, make $75,000 in cash payments and issue 550,000 common shares; payable over three years. The property is located approximately 100 km south of Timmins, Ontario, along Highway 560 between Shining Tree and Gowganda, within the southern Abitibi Greenstone belt, along what is believed by many to represent the western extension of the prolific Kirkland Lake - Larder Lake break.
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The Cook Zone, first discovered in the 1930’s, is hosted within silicified and carbonate altered mafic and ultramafic volcanic rocks that have been intruded by altered felsic porphyry dykes. The zone has been subject to several diamond drilling campaigns which have intersected significant gold mineralization from several sub-parallel zones. Some of the better down hole drill intersections include 54.2 gpt Au over 4.0m and 5.71 gpt Au over 4.6m drilled in 1952 by Bessey Mining Syndicate; 5.4 gpt Au over 7.6m drilled in 1953 by Tenendo Mining and 10.6 gpt Au over 3.1m drilled by Orcana in the 1980’s; and 2.7 gpt Au over 13m drilled by KRL Resources in 1995. The MC Zone, discovered by Golden Harp in 2008, located 1.3 km east southeast of the Cook Zone, is hosted in a thick package of pyritic, green carbonate, albite and hematite altered ultramafic and mafic volcanic rocks. To date, five holes have tested the MC Zone over a strike length of 220m. All holes intersected widespread anomalous gold mineralization with some of the better down hole mineralized intervals returning 44.0m of 0.89 gpt Au including 2.0m of 4.01 gpt Au and 9.0m of 3.6 gpt Au including 2.0m grading 14.29 gpt Au.
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