InvestorsHub Logo
Followers 95
Posts 14359
Boards Moderated 17
Alias Born 05/25/2004

Re: None

Wednesday, 04/21/2010 3:00:16 PM

Wednesday, April 21, 2010 3:00:16 PM

Post# of 64
Benton Commences Drilling on Deloro Option in Heart of Timmins Gold Camp

Press Release Source: Benton Resources Corp. On Wednesday April 21, 2010, 9:04 am EDT

http://finance.yahoo.com/news/Benton-Commences-Drilling-on-ccn-2587444337.html?x=0&.v=1

THUNDER BAY, ONTARIO--(Marketwire - April 21, 2010) - Benton Resources Corp. (TSX VENTURE:BTC - News; "Benton" or "the Company") is pleased to announce that the Company has initiated the third phase of drilling on the Deloro option located in Timmins, Ontario.

The drill program will target the North Zone which represents the western strike extension of the past producing Delnite gold mine. The Delnite mine produced approximately 930,000 ounces of gold between 1937 and 1988. Recent drilling by Benton on the South Zone has shown promising results including 8.57gpt over 3.5 metres and will also be subject to further drilling later in the year. The Company believes the project has excellent potential to host significant gold mineralization as it lies directly along strike and situated within 5km of more than 20 million ounces of past gold production and only 900 meters west of the Delnite mine. Drill results will be released as they are received and compiled.

Benton is a Canadian based junior exploration company with multiple joint ventures and a diversified property portfolio in Gold, Nickel, Copper, and Platinum group elements. The Company currently has approximately $12.3 million in cash, owns 32.87 million shares and 16.67 million warrants in Coro Mining Corp. (TSX:COP - News), holds 1.56 million shares in Marathon PGM Corp. (TSX:MAR - News), holds 1.65 million shares of Puget Ventures Inc. (TSX VENTURE:PVS - News), holds 825,000 shares of Bell Copper Corp. (TSX VENTURE:BCU - News) and retains a 2% Net Smelter Royalty on the northern portion of the Marathon PGM deposit. The Company is also in the process spinning out its 100% Bermuda property into a new company to be named Coldwell Copper Corp.

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.

Contact:
Stephen StaresBenton Resources Corp.President(807)475-7474(807)475-7200 (FAX)http://www.bentonresources.ca/Clair CalvertInvestor Relations204-799-2086


PEAK OIL #board-6609
PEAK OIL+DEPRESSION - SUSTAINABLE LIVING #board-9881
PEAK NATURAL RESOURCES #board-12910
PEAK WATER #board-12656

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.