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

Re: None

Thursday, 06/17/2010 7:19:11 PM

Thursday, June 17, 2010 7:19:11 PM

Post# of 64
Royal Roads & Benton announce completion of airborne geophysics on the Long Range JV

Companies:BENTON RESOURCES CORP.ROYAL ROADS CORP Related Quotes

Press Release Source: ROYAL ROADS CORP.; BENTON RESOURCES CORP.

On Thursday June 17, 2010, 11:27 am EDT

http://finance.yahoo.com/news/Royal-Roads-Benton-announce-cnw-2608837890.html?x=0

HALIFAX, June 17 /CNW/ - Royal Roads Corp. (RRO-TSX-V) ("Royal Roads") and Benton Resources Corp. (BTC-TSX-V) ("Benton"), the "Companies", are pleased to provide an update on the CDN$1,175,000 Exploration Program ("Program") for 2010 on the 38,150 hectare Long Range Nickel joint venture in central Newfoundland. The program consists of frontier airborne geophysics with follow-up prospecting over newly acquired claims and conducting more advanced exploration on the Portage nickel discovery to include deep-penetrating ground geophysics and follow-up trenching and/or diamond drilling.

Frontier airborne geophysical surveys over the newly acquired claims are now complete with results anticipated to be available in August. Once received, data will be reviewed to select targets for immediate follow-up by ground prospecting. The 1,400 line-kilometre Fugro HELITEM(R) airborne surveys cover unexplored gabbro bodies recently recognized to be prospective for magmatic nickel-copper sulphide deposits. Prospecting activities will assist the evaluation and prioritization of targets for further work, and if warranted, testing by diamond drilling.

Advanced exploration of the Portage Nickel discovery has two goals, the first is to identify conductive targets at depth by completing a ground-based deep-penetrating time domain electromagnetic survey and secondly, to continue trenching and/or shallow drilling to expand the previous open-ended discovery of nickel-copper sulphides at surface. A 70 line-kilometre electromagnetic survey is currently in progress and anticipated to be complete by the end of June. The survey is designed to detect highly conductive targets associated with large massive sulphide accumulations that may occur beneath detection limits of the Companies' previous airborne surveys completed in 2008. The Companies hope to drill test any targets generated by the survey later this summer. The Companies will also undertake additional trenching this summer to further expose and expand the limits of nickel-copper mineralization discovered at the Portage nickel prospect in 2009. Trenching of the prospect in 2009 returned bedrock grab samples assaying up to 2.70% nickel, 0.58% copper and 0.24% cobalt, as well as sawed channel samples averaging 0.99% nickel, 0.22% copper and 0.05% cobalt over 3.0 metres (including 2.18% nickel, 0.19% copper and 0.11% cobalt over 1.0 metre). Limited shallow drilling in 2009 also intersected several sections of mineralized gabbro, including a section assaying 1.36% nickel, 0.36% copper and 0.039% cobalt over a 1 metre core length.

The Companies consider the discovery of nickel sulphide mineralization in gabbro by the Joint Venture late last year to be particularly encouraging, as it not only identifies potentially large accumulations of low-grade disseminated sulphide mineralization near surface, but also has potential for buried high-grade massive sulphide deposits that may have segregated within the gabbro grading in excess of 4% nickel and 3% copper. Results to date support the Companies' interpretation that the project covers a newly recognized mineralized environment broadly analogous to other magmatic nickel-copper sulphide camps in North America, including Vale's Voisey's Bay mine in Labrador and Kennecott's Eagle deposit in northern Michigan. The joint venture is located close to infrastructure, including power lines and roads that provide ready access to port facilities located 40 kilometres to the west. The area is considered receptive to mining, being located less than 65 kilometres southwest of Buchans, one of the province's longest established mining centers. Additional results will be released as they become available.


Qualified Person ----------------
Paul Moore, M.Sc., P.Geo., (NL), Royal Road's Vice President of
Exploration, is acting as Qualified Person in compliance with National
Instrument 43-101 with respect to this release and has reviewed the contents
for accuracy. Quoted assays and QAQC procedures described in detail in
previous Royal Roads' press releases dated November 3 and November 18, 2009.

Royal Roads would like to acknowledge financial support to be received from the Junior Exploration Assistance (JEA) Program of the Province of Newfoundland and Labrador in carrying out a portion of their work on the Long Range Nickel joint venture in 2010.


About Royal Roads -----------------
Royal Roads is a resource company based in Atlantic Canada and is
primarily focused on exploring and developing mineral properties in the famous
historic Buchans mining camp in central Newfoundland, Canada.


About Benton Resources ----------------------
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 $11.5 million in cash, holds
approximately 38.5 million shares and 18.9 million warrant in Coro Mining Corp
(TSX.COP), 1.6 million shares in Marathon PGM Corp (TSX.MAR), 1.6 million
shares in Puget Ventures (TSX-V.PVS), 825,000 Bell Copper Corp (TSX-V.BCU) and
retains a 2% Net Smelter Royalty on the northern portion of the Marathon PGM
deposit. Benton is also in the process of splitting out the Company's 100%
owned Bermuda property to it shareholders into a new company to be named
Coldwell Copper Corp.


Forward Looking Statements --------------------------
Certain information contained herein may constitute forward-looking
statements within the meaning of applicable securities laws. Forward-looking
statements may include estimates, plans, expectations, opinions, forecasts,
projections, guidance or other statements that are not statements of fact.
Although Royal Roads and Benton (the "Companies") believe that the
expectations reflected in such forward-looking statements are reasonable, they
can give no assurance that such expectations will prove to have been correct.
The Companies caution that actual performance will be affected by a number of
factors, many of which are beyond their control, and that future events and
results may vary substantially from what the Companies currently foresee. The
Companies' forward-looking statements are expressly qualified in their
entirety by this cautionary statement.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information

Warren MacLeod, President & CEO, Royal Roads Corp., Windsor, Nova Scotia, Ph: (902) 472-3520
www.royalroadscorp.ca
Stephen Stares, President & CEO, Benton Resources Corp., Thunder Bay, Ontario, Ph: (807) 475-7474
http://www.bentonresources.ca/

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.