Benton’s Sewell Project is located in northwestern Ontario, 60 km west of Timmins and 40 km west of Lakeshore Gold’s Timmins Mine. The Sewell-West Timmins property consists of 13 claims (107 units) optioned in July, 2011. The Sewell property is an early stage gold project with several newly discovered gold occurrences which may host mineralization of economic potential. Under the option the Company can earn 100% by paying $200,000 cash and 200,000 shares over 4 years. The project is also subject to a 2% Net Smelter Return with the Company retaining the option to buy back 1%.
During the summer and fall of 2011, a 48 km grid was established over the centre of the property and prospecting, mapping, IP and ground magnetometer surveys were completed. This work identified several areas of anomalous gold mineralization, the most significant being the “Baseline Showing”, where 40 surface grab samples collected over a strike length of 300m returned values ranging from trace to 5.09 grams per tonne Au. Mineralization at the Baseline Showing is hosted within a NNW trending shear zone consisting of strong carbonate altered mafic and lesser ultramafic volcanic rocks and highly altered sulphide-rich chert-magnetite iron formation.
In December, 2011, an eight-hole, 1,476 metre drill program was completed to test the Baseline Showing with significant results including 94.018 grams per tonne (gpt) gold (Au) over 1.1m (hole SW11-03), 1.38 gpt Au over 2.3m (hole SW11-06) and 1.44 gpt Au over 1.1m (hole SW11-08). Holes SW11-01, 02, 04, 05 and 07 returned trace to weakly anomalous gold values. The mineralized intervals represent core lengths.
The Company is encouraged with the early high grade results intersected in SW11-03 and is currently reviewing all data from the 2011 work programs. The next exploration program will target the favourable gold-bearing horizon to the north and south of drill hole SW11-03, as well as looking at other zones which have been identified on the property.
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