Benton's Turtlepond gold project was acquired in the fall of 2011 via Option Agreement with prospectors A. Glatz and I. Riives. The agreement allows Benton to earn 100% in the project by paying $200,000 over 4 years and conducting a minimum of $40,000 in work expenditures each year. The Turtlepond Gold project is composed of 5 mining claims totaling 58 units and is located approximately 23km SE of Dryden, Ontario, Canada and 20km south of Treasury Metals' Goliath Gold deposit which contains 1.7 million ounces of gold (Indicated and Inferred).
The Turtlepond project is host to numerous gold showings over 3km on surface. The property was developed extensively prior to WWII but it is believed operations ceased at the onset of the war. A small mill was built to process the ore from the many small pits, an open cut, and two shafts. The OGS MDI database reports that only 3 ounces were produced before the war interrupted the mining activity. Since then, exploration activity was very minimal and no historical assays are available.
Since acquiring the project, Benton has completed prospecting, a 478 sample recce soil geochemistry survey, trenching and stripping with very encouraging results. Two historical shaft zones have now been stripped and the company has identified gold grades from trace to 207gpt (~7.2 oz per tonne) gold in grab samples and 3.7gpt Au over 3m and 1.1gpt Au over 6m in very limited channel sampling. Gold mineralization is common throughout the property and 2.5km separates the two samples with the highest gold assays (161g/t Au and 207g/t Au). Benton is currently planning line-cutting, further trenching, and ground magnetometer and induced polarization (I.P) surveys to assist with expanding the high grade zones and for diamond drill targeting.
 |
 |
 |
 |
 |
 |
