Benton Commences Drilling on Kingurutik Cu-Ni Project
August 04 2010 - 11:48AM
Marketwired Canada
Benton Resources Corp. ("Benton" or "the Company") (TSX VENTURE:BTC) is pleased
to announce that the Company has initiated drilling on the Kingurutik Lake
copper-nickel project located approximately 60 kilometres north of the world
class Voisey's Bay nickel-copper-cobalt deposit in Labrador. Based on a review
of previous data compiled from exploration programs completed by Teck Resources
Limited ("Teck") in 2007 and 2008 a drill program has been designed comprising
approximately 3000 metres in 12 drill holes to test six separate target areas.
Benton will be operator as Teck has elected not to participate in the proposed
drill program. Several large gossans were located and mapped by the provincial
government's geological division in 2000 and historical exploration work in the
area had identified high-grade copper and nickel mineralization with grades up
to 6.8% copper and 1.7% nickel. Two years of systematic exploration by Teck and
Benton has been completed including airborne electromagnetic and magnetic
surveys with ground follow-up by mapping, prospecting, sampling and UTEM
geophysical surveys. As a result, groundwork has identified multiple diamond
drill targets of which six priority areas will be tested with the current drill
program.
Benton is a Canadian based junior mining company with multiple joint ventures
and a diversified property portfolio in gold, nickel, copper, and platinum group
elements. The Company currently has approximately $C9 million in cash, owns 38.7
million shares and 19.1 million warrants in Coro Mining Corp (TSX:COP), holds
1.5 million shares in Marathon PGM Corp (TSX:MAR), holds 1.5 million shares in
Puget Ventures (TSX VENTURE:PVS), holds 815,000 Bell Copper Corp shares (TSX
VENTURE:BCU) and retains a 2% Net Smelter Return royalty on the northern portion
of the Marathon PGM deposit. The Company is also in the process of transferring
its 100% owned Bermuda mineral property located near Marathon, Ontario into a
new company to be named Coldwell Copper Corp.
Benton would like to thank the government of Newfoundland and Labrador for
financial support of this project through the Junior Exploration Assistance
program, part of the provincial Mineral Incentive Program.
Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Corp., is the
qualified person responsible for this release.
On behalf of the Board of Directors of Benton Resources Corp.
Stephen Stares, President
Forward-looking statements in this release are made pursuant to the safe harbour
provisions of the Private Securities Litigation Reform act of 1995. Investors
are cautioned that such forward-looking statements involve risks and
uncertainties.