Benton's newest 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 24km SW of Dryden, Ontario, Canada.
The Turtlepond project is host to numerous gold showings over 3km on surface. The property was developed extensively prior to WWII but 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. The property was flown in a regional Airborne Geophysical survey that Benton will be able to use to pick targets and expand the width and length of known showings.
Initial surface sampling, up to 132.5g/t Au and 56g/t Au, by both Benton and the Optionors shows the potential of a high-grade gold system occurring on the project. Linecutting and ground geophysics will commence during the winter months.
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