Replies to post #138 on Platinum Exploration (PGM)

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Benton Resources finds vanadium at Sally Lake

EDIT: Those Iron percentages aren't too bad either.

Benton Resources Corp (TSX-V:BTC)
Shares Issued 13,394,568
Last Close 6/7/2005 $0.28
Wednesday June 08 2005 - News Release

Mr. Stephen Stares reports

BENTON RESOURCES CORP (BTC) GETS FURTHER ENCOURAGING RESULTS FROM BERMUDA PROJECT

Benton Resources Corp. has received the base-metal and whole-rock assays for the sampling program conducted on the Sally Lake deposit. Recent sampling reported by the company averaged 2.2 grams per tonne Pt plus Pd plus Au from 12 grab samples. Base-metal and whole-rock assays for these 12 samples have been received with encouraging results of Cu, Ag, Co, Ni, Fe, Ti and V. Of particular interest is the grade of vanadium (V2O5) of up to 0.9 per cent, or 18 pounds per ton. Recently, V205 has been selling for over $20 per pound, up from $3. Given the economic growth and the large demand for iron in China and other countries, vanadium prices are predicted to remain high in the future. Vanadium is used in iron to make it stronger and less corrosive. The average for the 12 samples taken on the Sally Lake deposit assayed 0.54 per cent V2O5, or 10.9 pounds per ton.

The Bermuda property is host to two historical resource estimates: the Sally Lake deposit containing a historical resource of 60 million tons grading 0.2 per cent Cu, 5 per cent Ti, 27 per cent Fe and 5 per cent P, and the Wullie Lake deposit which has 32 million tons grading 0.3 per cent Cu, 2.48 per cent Ti, 23 per cent Fe and 0.02 per cent Ni. The previous operator, Redstone Resources Inc., estimated the resources in 1991 using historical diamond-drill information completed in the 1950s and 1960s by Lakehead Mines Ltd. and filed in the Ontario government assessment archives, Ministry of Northern Development and Mines branch (MNDM). The reader should be cautioned that the resource estimates are historical in nature, have not been verified by the issuer's qualified person and should not be relied upon.

The following table is a list of grab samples from the Sally Lake deposit:

 
  
  
     SALLY LAKE GRAB SAMPLE RESULTS 
  
  
  
          Au    Pt     Pd  Ag  Co     Cu 
  
 Sample  ppb   ppb    ppb ppm ppm    ppm 
  
  
  
 710555   90   237  1,773  4  164     913 
  
 710556   94   475  1,265  4  208     295 
  
 710557   52   422    970  4  211     349 
  
 710558   98   529  1,564  5  220     406 
  
 710559   92   474  1,257  5  197     525 
  
 710560   83   272  1,137  4  163     920 
  
 710561   71   228  1,150  5  182     654 
  
 710562  123   869  3,046  5  198     663 
  
 710563  131   238    915  5  212     857 
  
 710564  221   621  2,805  6  230     615 
  
 710565  138   355    734  4  206     771 
  
 710566  183  1,730 2,089  8   64  1,2076 
  
  
  
          Ni    Cr   Fe2O3   V2O5   TiO2 
  
 Sample  ppm   ppm     %       %     % 
  
  
  
 710555  372  2,507   59.38   0.45   9.32 
  
 710556  435  1,756   70.48   0.63  11.76 
  
 710557  416  2,222   64.45   0.45   9.50 
  
 710558  439  2,489   64.73   0.63   9.87 
  
 710559  429  2,091   63.19   0.47  10.00 
  
 710560  439  2,015   63.98   0.68  10.12 
  
 710561  437  5,340   71.34   0.79  12.09 
  
 710562  472  2,661   72.46   0.72  12.50 
  
 710563  511  5,234   62.23   0.42   9.21 
  
 710564  505  4,646   76.22   0.90  13.18 
  
 710565  451  4,297   56.17   0.38   7.74 
  
 710566  133    100   27.51   0.03   1.99 
  
 

ppm = parts per million

ppb = parts per billion



Clinton Barr, PGeo, VP, exploration, Benton Resources, is the qualified person responsible for this release.

© 2005 Canjex Publishing Ltd.

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Drilling expected to start first week of October.