Benton Identifies Significant Gold System at Abernethy
November 15 2011 - 9:00AM
Marketwired
Benton Resources Corp. (TSX VENTURE:BTC) ("Benton" or "the
Company") is pleased to announce that the Company has received
assay results from its recently completed diamond drill program on
its 100% owned Abernethy gold project located 10km southwest of
Kenora, Ontario. The drill program identified a large gold system
of multiple gold-rich horizons that measures more than 500m in
strike length and up to 77m core length in width. The system is
open in all directions. Notably, the hole furthest to the west (ABE
11-07) cut multiple gold horizons that averaged 0.53gpt Au over
77.1 meters with several higher grade sections listed in the table
below. Visible native gold is noted in the section 162.5m-164m.
Hole ABE 11-07 was collared more then 200m west of two historical
drill holes that returned gold grades of 17.8 gpt gold over 1.52
metres and 6.30 gpt gold over 6.1 metres (see Benton's PR dated
April 18, 2011). The Company is encouraged with the results and is
currently planning a larger winter program to expand on the known
gold mineralization. The remainder of the results will be released
once they are received and compiled. A location map can be viewed
on the Company's web site. A table of significant results from Hole
ABE-11-07 is as follows:
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Core
From To Interval Grade
Hole (m) (m) (m) (g/t Au)
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ABE-11-007 123.5 200.6 77.1 0.53
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including 123.5 135.8 12 0.78
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and 158 164 6 2.68
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including 159.5 164 4.5 3.32
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including 162.5 164 1.5 6.98
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and 189.8 192 2.2 1.43
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and 197 200.6 3.6 1.91
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including 199.5 200.6 1.1 3.88
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In addition, diamond drilling on the RIM project located 100km
south of the Voisey's Bay nickel deposit in Labrador has been
completed and yielded no significant results. The Company is
evaluating if it will continue exploration in the future. Benton
Resources Corp would like to acknowledge and thank the government
of Newfoundland and Labrador for the $150,000 JCEP grant to assist
in this program.
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
$8.8 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), 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 President (807)
475-7474 (807) 475-7200 (FAX)www.bentonresources.ca Investor
Relations: Clair Calvert 204-799-2086