Friday, December 04, 2009 12:08:23 PM
Benton Starts Drilling in Heart of Timmins Gold Camp
Press Release
Source: Benton Resources Corp.
On 9:00 am EST, Friday December 4, 2009
http://finance.yahoo.com/news/Benton-Starts-Drilling-in-ccn-4242581756.html?x=0&.v=1
THUNDER BAY, ONTARIO--(Marketwire - Dec. 4, 2009) - Benton Resources Corp (TSX VENTURE:BTC - News; "Benton" or "the Company") is pleased to announce that the company has started a diamond drilling program on the Deloro option, located 5km south of the city of Timmins along the prolific Delnite-Aunor-Dome mine trend (historical production of greater than 20 million ounces of gold) and 900 meters west of the past producing Delnite mine.
Initial drilling will focus on the south quartz vein system and will consist of approximately 15 holes totaling 3,000 metres. Drilling will be halted on December 18th for the Christmas break but will resume in mid-January where additional drilling will test various other targets including the north quartz vein system believed to represent the west extension of the main Delnite ore horizon.
Recent mechanical trenching on the south vein system has uncovered considerable quartz-ankerite veining hosted within a package of strong carbonate altered and sheared mafic volcanic rocks containing pyrite and trace chalcopyrite mineralization. Of particular interest is that visible gold was noted in blast rock samples as well as on the face of one of the old shafts (assays pending).
Records indicate that the property has not been worked since the late 1930's and there is no record of any diamond drilling on the claims in the public domain. Known historic work includes pitting and the sinking of a 125 foot shaft on the south quartz vein system. Reports dated 1913 (Dobbs) and 1939 (B.S.W. Buffam) report grab samples returning up to 0.75 ounces per ton (opt) gold (Au) over an average thickness of 4 feet and individual surface grab sample values of up to 2.3 opt Au from the south quartz vein system. Although there are no records of work performed on north vein system (the interpreted Delnite mine horizon) within the claims, a hole drilled immediately east of the east property boundary returned 0.085 opt Au over 40 feet including 0.26 opt Au over 5 feet and 0.16 opt Au over 5 feet (drill hole #5, Jasper Porcupine Mines, 1939). All information was obtained from MNDM assessment files and the company believes the information is relevant and presented for information purposes only but that it is historical and should not be relied upon.
Based on the property's location, historical work and surface mineralization exposed in the recent trenching and mapping programs, Benton believes the project has excellent potential to host economic gold mineralization.
Under the agreement Benton can acquire from Deloro Mining and Smelting a 100% interest in two mining patents and one mining claim located 5 km southeast of the city if Timmins along the prolific Dome-Aunor-Delnite mine trend.
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 $14.3 million in cash, owns approximately 33% interest in Coro Mining Corp (TSX:COP - News), holds an approximate 5% interest in Marathon PGM Corp (TSX:MAR - News) and retains a 2% Net Smelter Royalty on the northern portion of the Marathon PGM deposit.
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.
INVESTOR COMMUNICATIONS:
Benton Resources Corp. utilizes the AGORACOM Investor Relations System. AGORACOM has created a Benton Resources Investor Relations Hub that allows both AGORACOM and management to communicate with investors anytime and in real-time, thus ensuring the fastest and most transparent method of information dissemination to our valued shareholders. In addition, investors are able to amalgamate and discuss information pertaining to Benton Resources in a monitored discussion environment, as well as, ask questions and receive answers pertaining to every facet of the company. Please click on the AGORACOM logo in order to be taken directly into the Benton Resources Investor Relations Hub. http://www.agoracom.com/ir/benton
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contact:
Stephen StaresBenton Resources Corp.(807)475-7474(807)475-7200 (FAX)www.bentonresources.comAGORACOMInvestor RelationsClair Calvert204-799-2086BTC@agoracom.comhttp://agoracom.com/ir/benton
Press Release
Source: Benton Resources Corp.
On 9:00 am EST, Friday December 4, 2009
http://finance.yahoo.com/news/Benton-Starts-Drilling-in-ccn-4242581756.html?x=0&.v=1
THUNDER BAY, ONTARIO--(Marketwire - Dec. 4, 2009) - Benton Resources Corp (TSX VENTURE:BTC - News; "Benton" or "the Company") is pleased to announce that the company has started a diamond drilling program on the Deloro option, located 5km south of the city of Timmins along the prolific Delnite-Aunor-Dome mine trend (historical production of greater than 20 million ounces of gold) and 900 meters west of the past producing Delnite mine.
Initial drilling will focus on the south quartz vein system and will consist of approximately 15 holes totaling 3,000 metres. Drilling will be halted on December 18th for the Christmas break but will resume in mid-January where additional drilling will test various other targets including the north quartz vein system believed to represent the west extension of the main Delnite ore horizon.
Recent mechanical trenching on the south vein system has uncovered considerable quartz-ankerite veining hosted within a package of strong carbonate altered and sheared mafic volcanic rocks containing pyrite and trace chalcopyrite mineralization. Of particular interest is that visible gold was noted in blast rock samples as well as on the face of one of the old shafts (assays pending).
Records indicate that the property has not been worked since the late 1930's and there is no record of any diamond drilling on the claims in the public domain. Known historic work includes pitting and the sinking of a 125 foot shaft on the south quartz vein system. Reports dated 1913 (Dobbs) and 1939 (B.S.W. Buffam) report grab samples returning up to 0.75 ounces per ton (opt) gold (Au) over an average thickness of 4 feet and individual surface grab sample values of up to 2.3 opt Au from the south quartz vein system. Although there are no records of work performed on north vein system (the interpreted Delnite mine horizon) within the claims, a hole drilled immediately east of the east property boundary returned 0.085 opt Au over 40 feet including 0.26 opt Au over 5 feet and 0.16 opt Au over 5 feet (drill hole #5, Jasper Porcupine Mines, 1939). All information was obtained from MNDM assessment files and the company believes the information is relevant and presented for information purposes only but that it is historical and should not be relied upon.
Based on the property's location, historical work and surface mineralization exposed in the recent trenching and mapping programs, Benton believes the project has excellent potential to host economic gold mineralization.
Under the agreement Benton can acquire from Deloro Mining and Smelting a 100% interest in two mining patents and one mining claim located 5 km southeast of the city if Timmins along the prolific Dome-Aunor-Delnite mine trend.
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 $14.3 million in cash, owns approximately 33% interest in Coro Mining Corp (TSX:COP - News), holds an approximate 5% interest in Marathon PGM Corp (TSX:MAR - News) and retains a 2% Net Smelter Royalty on the northern portion of the Marathon PGM deposit.
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.
INVESTOR COMMUNICATIONS:
Benton Resources Corp. utilizes the AGORACOM Investor Relations System. AGORACOM has created a Benton Resources Investor Relations Hub that allows both AGORACOM and management to communicate with investors anytime and in real-time, thus ensuring the fastest and most transparent method of information dissemination to our valued shareholders. In addition, investors are able to amalgamate and discuss information pertaining to Benton Resources in a monitored discussion environment, as well as, ask questions and receive answers pertaining to every facet of the company. Please click on the AGORACOM logo in order to be taken directly into the Benton Resources Investor Relations Hub. http://www.agoracom.com/ir/benton
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contact:
Stephen StaresBenton Resources Corp.(807)475-7474(807)475-7200 (FAX)www.bentonresources.comAGORACOMInvestor RelationsClair Calvert204-799-2086BTC@agoracom.comhttp://agoracom.com/ir/benton
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