Benton Commences Drilling at Abernethy Gold Project
September 12 2011 - 2:14PM
Marketwired
Benton Resources Corp. (TSX VENTURE: BTC) ("Benton" or "the
Company") is pleased to announce that the Company has commenced
diamond drilling on its 100% owned Abernethy gold project located
10km southwest of Kenora, Ontario. The property covers several
historically defined electromagnetic responses associated with gold
in soils geochemistry. One of these zones has a strike length of at
least 640 metres and up to 210 metres wide and was tested with 3
historical drill holes returning grades up to 17.8 gpt gold over
1.52 metres and 6.30 gpt gold over 6.1 metres associated with heavy
pyrrhotite and pyrite mineralization (see Benton's PR dated April
18.2011). The current drill program will consist of approximately
1000 metres in 6-7 holes to test the zone over a 200-250 meter
strike length. The first hole (ABE-11-01) is located approximately
100 meters east of the historical drilling. Although currently
still in progress, the top of this hole intersected 39m of massive
sulphide (60% pyrrhotite, 5% pyrite) from 1.5m to 40.5m, just below
the casing. The core is currently being split with the samples
being submitted to the lab for assay as soon as possible. Pictures
of the core can be seen on the company's website. Recent forestry
logging operations have opened entry to several areas within the
claim group providing excellent access to the known mineralization.
In addition, diamond drilling continues on the Company's
100%-owned RIM copper-nickel project located 100km south of the
world class Voisey's Bay nickel deposit. To date 3 drill holes have
been completed of the 5-6 holes proposed. The program was designed
to test a series of east-west trending conductive anomalies located
within the mapped outline of the main Suture Zone. The Company
believes that the conductors may represent magmatic sulphide
deposited along an east-west trending structural conduit cutting
through the Suture Zone similar to the emplacement of the Voisey's
Bay deposit. Results of the drilling will be released after they
have been received and compiled by the Company. The Company would
like to acknowledge and thank the government of Newfoundland for
$150,000 JCEP grant to assist in this current program.
Benton is also pleased to announce the appointment of Nathan
Sims, PGeo, as the Operations Manager for Benton's Thunder Bay
office. Nathan obtained an HBSc in geosciences from Lakehead
University and is a certified GIS Applications Specialist. His role
with Benton will be to generate new projects and provide expertise
to advance Benton's properties effectively and efficiently.
About Benton
Benton is a Canadian based junior with multiple joint ventures
and a diversified property portfolio in Gold, Nickel, Copper, and
Platinum group elements. The Company currently has approximately
$11.8 million in cash, owns approximately 57.9 million shares in
Coro Mining Corp. (TSX: COP), holds approximately 348,000 shares of
Stillwater Mining Company (NYSE: SWC), holds 782,500 shares in
Marathon Gold Corp. (TSX: MOZ), holds 1.6 million shares in Puget
Ventures (TSX VENTURE: PVS), holds 6.5 million shares of Mineral
Mountain Resources Ltd. (TSX VENTURE: MMV), and holds 815,000
shares of Bell Copper Corporation (TSX VENTURE: BCU) holds 1.2
million shares of Trillium North Minerals (TSX VENTURE: TNM), holds
1.5 million shares of Golden Dory Resources (TSX VENTURE: GDR) and
3.0 million shares Parkside Resources (currently private) Benton is
currently in the process of spinning out the majority of its assets
by a plan of arrangement into a new listed company in order to
separate its 41.6% investment in Coro Mining from its cash,
equities and exploration assets. Benton shareholders will receive a
pro-rata interest in this new company on a one-for-one share basis
and pursuant to regulatory approval.
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 harbor provisions of the Private Securities Litigation
Reform act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts: Benton Resources Corp. Stephen Stares (807)475-7474
(807)475-7200 (FAX) www.bentonresources.ca Investor Relations Clair
Calvert 204-799-2086