Benton Commences Drilling at Cape Ray Gold
June 06 2014 - 10:00AM
Marketwired
Benton Commences Drilling at Cape Ray Gold
THUNDER BAY, ONTARIO--(Marketwired - Jun 6, 2014) - Benton
Resources Inc. (TSX-VENTURE:BEX) ("Benton" or "the Company") is
pleased to announce that drilling has commenced on its 100% owned
Cape Ray Gold Project. Cabo Drilling of Springdale, NL is
contracted for the current drill program where a 17 hole, 2000
metre program will test various targets including the west
extension of the 51 Deposit, new geophysical, gold-in-soil, and
bedrock showings west of the 51 Deposit area and the east and west
strike extension of the PW Zone. The company is pleased to finally
get the drilling campaign underway and will keep shareholders
updated as result are received and compiled.
The Cape Ray gold project is host to 6 historical gold deposits
and the Company is currently studying the potential to advance
several of these deposits towards production. The Company is also
confident that additional resources can be discovered on the
property. Benton controls a 100% interest in 60km of strike length
along the Cape Ray Fault, a significant regional gold-bearing
structure that hosts the Cape Ray deposits as well as Marathon
Gold's Valentine Lake deposit located 120 km to the northeast of
Benton's claim block.
About Benton Resources Inc. (TSX-VENTURE:BEX)
Benton Resources Inc. is a Canadian based junior with a
diversified property portfolio in Gold-Silver, Nickel, Copper, and
Platinum group elements. The Company is well funded with
approximately $6.7 million in cash and $0.8 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
StaresPresident(807)475-7474(807)475-7200www.bentonresources.ca
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