CORRECTION FROM SOURCE: Benton Stakes Antimony Project in Close Proximity to Beaver Brook Deposit in Newfoundland
December 09 2013 - 1:18PM
Marketwired
CORRECTION FROM SOURCE: Benton Stakes Antimony Project in Close
Proximity to Beaver Brook Deposit in Newfoundland
THUNDER BAY, ONTARIO--(Marketwired - Dec 9, 2013) - A Correction
from Source is issued with respect to the release issued earlier
today at 10:26 AM ET. In the first paragraph, "Great Atlantic
Resources Corp" has been changed to "Hunan Nonferrous Corp.", and
the corrected release follows.
Benton Resources Inc. (TSX-VENTURE:BEX) ("Benton" or "the
Company") is pleased to announce that it has acquired by staking a
100% interest in 28 claim units located 2.5km NE of the Beaver
Brook Antimony mine and 64 claim units 9km to the SW of the Mine.
These new claims cover the favorable stratigraphy that hosts the
Beaver Brook antimony deposit in central Newfoundland. Hunan
Nonferrous Corp. shut down Beaver Brook, the only antimony mine in
North America, in December of 2012 citing lack of ore. Recent
literature in the public domain suggests that current global
reserves of antimony will be depleted during the next decade.
Applications for antimony include fire retardants, acid car
batteries, anti-friction bearings and other metallic alloys, glass
and pharmaceuticals. The flame retardant and lead-acid battery
sectors accounted for 80% of all use of the metal in 2010.
Currently, China dominates the world market in antimony similar to
the rare earth metals sector. Benton is planning to complete a
modest soil geochemical survey and prospecting program which will
be completed by Benton team member Calvin Keats, one of the
prospectors responsible for the discovery of the Beaver Brook
antimony deposit.
Stephen Stares, President and CEO commented, "While Benton
remains focused on advancing our Cape Ray project towards
production, we are continually looking for cost effective
opportunities to acquire strategically favourable claims in close
proximity to former producing assets in mine-friendly
jurisdictions. We feel this project encompasses those attributes
and will actively seek a partner to assess the project's
potential."
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 $7.2 million in cash and
$0.7 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.
Benton Resources Inc.Stephen Stares(807) 475-7474(807)
475-7200www.bentonresources.ca
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