BENTON RESOURCES CORP. (BTC) RECEIVES NOTICE THAT ITS PARTNER TRI-GOLD RESOURCES CORP INTENDS TO DRILL SIBLEY URANIUM PROJECT
Thunder Bay, Ontario: Benton Resources Corp. ("Benton") is pleased to report that their joint venture partner Tri-Gold Resources Corp. ("Tri-Gold") has notified Benton that preparations are being made to drill a minimum of four diamond drill holes on the Sibley Basin uranium property. Tri-Gold Resources has the exclusive rights and option to earn up to a sixty (60) percent interest in the project by spending the first one million dollars on exploration. After the earn-in costs have been incurred Benton and Tri-Gold will form at Joint Venture on a 40:60 basis. This initial phase of drilling on the Sibley Basin project is designed largely for geological purposes, by means of testing a series of conductive zones in the central portion of the property, as interpreted from the airborne MegaTEM survey carried out in January 2007. The target zone is also well sited proximal to modeled basement lineaments (faults), as derived from the aeromagnetic data. Such a setting is similar to unconformity-style and basement-hosted uranium mineralization found in the Athabaska Basin and believed to exist within the Sibley Basin. This drill program will assist greatly in characterizing the depth and nature of the basement floor rocks and the overlying sediments. Drilling is scheduled to commence towards the end of September, 2007.
Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Corp., is the qualified person responsible for this release.
