Benton Reports Drill Results from Recently Completed Program at the Elizabeth Anne Project
June 28 2013 - 10:00AM
Marketwired Canada
Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") is pleased
to announce the results from its recently completed diamond drilling program at
the Elizabeth Anne gold-silver project located approximately 35km west of the
Mountain Pass rare-earth mine in San Bernardino County, California. The company
completed 2876 meters of diamond drilling in 10 holes to test several areas of
gold and silver mineralization discovered by previous drill campaigns or recent
surface sampling which included the Rascal Zone, C-Zone, Mega-Breccia and North
Mega-Breccia Zones. All holes encountered gold mineralization and permitting for
further drilling will start within the next few weeks.
The recently discovered Chlorite and North Chlorite zones, located 4km east of
the Mega-Breccia Zone will also be permitted for drilling in the next campaign.
Highlights from the recently completed drilling includes 4.97gpt Gold over 3.05m
in EA13C-19 and 7.13gpt over 1.5m in EA13C-17. A map showing the drill hole
locations is posted on the Company's website.
President and CEO Stephen Stares comments, "We remain impressed with the sheer
size of the gold mineralized system at the Elizabeth Anne project. With the
current results in hand and the fact that we've intercepted new gold-bearing
horizons in several new area's in drilling and on surface, the project continues
to show the potential to delineate a significant gold-silver deposit".
Highlights of the drill program are as follows:
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HOLE FROM TO INTERVAL (m) Au (g/t) Ag (g/t)
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EA13C-14 193.5 200.2 6.7 1.23 3.04
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EA13C-15 181.4 204.2 22.8 0.25 1.88
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and 265.2 298.7 33.5 0.35 1.05
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EA13C-16 445 481.6 36.6 0.17 0.26
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EA13C-17 18.3 42.7 24.4 0.99 0.49
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incl 38.1 42.7 4.6 2.82 0.71
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EA13C-18 74.7 83.8 9.1 0.46 0.55
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EA13C-19 283.5 286.5 3.05 4.97 8.09
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EA13C-21 192 260.6 68.6 0.28 0.78
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incl 211.8 230.1 18.3 0.76 1.20
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211.8 221.0 9.1 1.3 1.3
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211.8 216.4 4.6 2.28 2.06
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Note: Intervals represent core length
All samples were sent to ALS Global in Reno Nevada and were analyzed for gold
using fire assay and atomic absorption plus gravimetric finish for higher grade
samples. Silver analysis was part of a multi-element, Aqua Regia package plus
ICP for ore-grade samples.
The Elizabeth Anne gold property is considered to lie within the southern part
of the Walker Lane Gold Belt which hosts several multi-million ounce gold
deposits. The Company can earn a 100% interest in the Property by paying $1.2
million over 13 years subject to a 3% Net Smelter Royalty (NSR) of which Benton
has the right to purchase 50% of the NSR (1.5%) for $1.5 million and holds a
Right of First Refusal to match any offer on the other 1.5% NSR.
About Benton Resources Inc. (TSX VENTURE:BEX)
Benton Resources Inc is a newly listed Canadian based junior with multiple joint
ventures and a diversified property portfolio in Gold-Silver, Nickel, Copper,
and Platinum group elements. The Company is well funded with approximately $8.7
million in cash and $1 million in marketable securities.
Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Inc., is the
qualified person responsible for this release.
On behalf of the Board of Directors of Benton Resources Inc.,
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within
the meaning of applicable securities legislation. Forward-looking statements
relate to information that is based on assumptions of management, forecasts of
future results, and estimates of amounts not yet determinable. Any statements
that express predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance are not statements of historical
fact and may be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties
which could cause actual events or results to differ from those reflected in the
forward-looking statements, including, without limitation: risks related to
failure to obtain adequate financing on a timely basis and on acceptable terms;
risks related to the outcome of legal proceedings; political and regulatory
risks associated with mining and exploration; risks related to the maintenance
of stock exchange listings; risks related to environmental regulation and
liability; the potential for delays in exploration or development activities or
the completion of feasibility studies; the uncertainty of profitability; risks
and uncertainties relating to the interpretation of drill results, the geology,
grade and continuity of mineral deposits; risks related to the inherent
uncertainty of production and cost estimates and the potential for unexpected
costs and expenses; results of prefeasibility and feasibility studies, and the
possibility that future exploration, development or mining results will not be
consistent with the Company's expectations; risks related to gold price and
other commodity price fluctuations; and other risks and uncertainties related to
the Company's prospects, properties and business detailed elsewhere in the
Company's disclosure record. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
may vary materially from those described in forward-looking statements.
Investors are cautioned against attributing undue certainty to forward-looking
statements. These forward looking statements are made as of the date hereof and
the Company does not assume any obligation to update or revise them to reflect
new events or circumstances. Actual events or results could differ materially
from the Company's expectations or projections.
FOR FURTHER INFORMATION PLEASE CONTACT:
Benton Resources Inc.
Stephen Stares
(807)475-7474
(807)475-7200 (FAX)
www.bentonresources.ca
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