sumisu
13 years ago
Benton Resources Corp.: Provincial Legislature Denies Ratification of San Jorge Environmental Impact Declaration
Press Release Source: Benton Resources Corp. On Thursday August 25, 2011, 2:40 pm EDT
http://finance.yahoo.com/news/Benton-Resources-Corp-ccn-1550175443.html?x=0&.v=1
THUNDER BAY, ONTARIO--(Marketwire - Aug. 25, 2011) - Benton Resources Corp. (TSX VENTURE:BTC - News; "Benton") regrets to announce that it has been advised by Coro Mining Corp. ("Coro" or the "Company") (TSX:COP - News) that the Provincial Legislature of Mendoza has voted against the ratification of the Company's approved Environmental Impact Declaration ("EID"). Stephen Stares, President and CEO of Benton Resources made the following statement: "We are very disappointed that the Mendoza Government has decided not to ratify the San Jorge Project, especially after all the hard work, expense and mining education of the highest quality that was provided by the Coro team. Benton gives Coro its full support in taking the necessary steps to protect shareholders interest".
Below is Coro's Press Release that was disseminated today:
Coro Mining Corp. ("Coro" or the "Company") (TSX:COP - News) regrets to announce that the Provincial Legislature of Mendoza has voted against the ratification of the Company's approved Environmental Impact Declaration ("EID"), notwithstanding that the EID was conditional, inter alia, upon the Company's Argentinean subsidiary, Minera San Jorge ("MSJ"), complying with the highest standards of environmental protection, control and monitoring prior to, and during the construction and operation of the project. Over the past 3 years, Coro has strictly complied with all laws and regulations, including the 7722 law which required the ratification of the approved EID, and has made every effort to ensure that the legislators were fully informed about the project. In addition, a Mendoza court recently determined that the process which led to the approval of the EID was neither illegitimate nor arbitrary, and therefore fully complied with provincial law.
As recently as August 24th, the head of the Lower House confirmed that the ratification vote would take place after the elections scheduled for October, in order that the decision could be taken based on the merits of the project and not on a calculation of electoral advantage. Unfortunately, the vote took place in any event, without consideration of the conclusions of the legislature's commissions who have spent the last several months evaluating the EID, and more pertinently, the validity of the process which led to its approval. The decision to not ratify the EID was taken against the clearly expressed wishes of the current government, with whom the Company was in advanced discussions aimed at delivering a carried 10% interest in MSJ to the province.
Coro will now consider its alternatives to seek legal redress and compensation through the Argentinean and international courts. In particular, the 7722 law is currently subject to legal challenges of its constitutionality by Coro and several other parties. We anticipate that this law suit may be resolved by mid 2012 and in the event that the courts find that the law is indeed unconstitutional, the denial of legislative ratification of the Company's valid and approved EID, may be deemed to be null and void.
Finally, we wish to express our gratitude to the people of Uspallata who had supported the development of San Jorge. We sincerely regret the rejection our project by your elected representatives, especially given the rigorous review and consultation process that has taken place over the past 3 years. Coro had hoped to work with you in raising your living standards and demonstrating the economic and social benefits that San Jorge could have brought to your community; unfortunately, this opportunity has now been denied to us."
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 $12.2 million in cash, owns approximately 57.9 million shares in Coro Mining Corp. (TSX:COP - News), holds approximately 348,000 shares of Stillwater Mining Company (NYSE:SWC - News), holds 782,500 shares in Marathon Gold Corp. (TSX:MOZ - News), holds approximately 1.6 million shares in Puget Ventures (TSX VENTURE:PVS - News), holds approximately 6.5 million shares of Mineral Mountain Resources Ltd. (TSX VENTURE:MMV - News), holds 815,000 shares of Bell Copper Corporation (TSX VENTURE:BCU - News), holds approximately 1.7 million shares of Trillium North Minerals (TSX VENTURE:TNM - News), holds approximately 1.6 million shares of Golden Dory Resources (TSX VENTURE:GDR - News) and holds 3 million shares Parkside Resources (currently a private corporation). 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 approximate 41.6% investment in Coro Mining Corp. 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.
Contact:
Stephen StaresBenton Resources Corp.(807) 475-7474(807) 475-7200 (FAX)www.bentonresources.caClair CalvertInvestor Relations(204) 799-2086
sumisu
13 years ago
Benton Provides Update on Spin-Out Proposal
5 days 1 hours 4 minutes ago - Marketwire via Comtex
http://www.bentonresources.ca
MarketwireBenton Resources Corp. ("Benton") (the "Company") (TSX VENTURE:BTC) is pleased to announce that the Board of Directors has set the date for its annual, general and special meeting (the "Meeting") of Benton shareholders to consider the spin-out transaction (the "Transaction") previously announced on March 29, 2011. The Board has set September 6, 2011 as the record date and October 11, 2011 as the date for the Meeting to. A complete description of the Transaction will be set forth in a management information circular to be sent to Benton's shareholders in connection with the Meeting.
Pursuant to a plan of arrangement (the "Arrangement") and subject to the requisite shareholder, court, and regulatory approvals, Benton intends to spin-off all of its assets, other than its 57,866,754 shares of Coro Mining Corp. ("Coro") (TSX:COP), sufficient working capital to maintain operations and such other assets as may be required to maintain operations or are required by the TSX Venture Exchange to a new company (referred to as "Newco" for the purposes of this release). Newco will hold all of the exploration assets, remaining cash and equity positions other than Coro. On the effective date of the Arrangement (the "Effective Date"), shareholders of Benton will receive one new common share of Benton and one new common share of Newco for each share of Benton that they held prior to the Effective Date. Following the Effective Date, both the common shares of Benton and Newco are expected on trade on the TSX Venture Exchange ("TSX-V"), subject to Benton complying with the continued listing requirements of the TSX-V and Newco meeting the original listing requirements of the TSX-V, receiving approval of the TSX-V and meeting all conditions of listing imposed by the TSX-V. There is no assurance as to if and when the common shares of Newco will be listed for trading on the TSX-V. The Arrangement must be approved by no less than 66 2/3% of Benton's shareholders. At the meeting, shareholders will also be asked to vote on the election of directors and the approval of auditor compensation, among other general matters.
The completion of the Arrangement is subject to, among other things: shareholder and court approval and other necessary regulatory approvals, including TSX-V acceptance of the Arrangement and conditional listing approval of the Newco common shares on the TSX-V, and receipt by Benton of an advance tax ruling from the Canada Revenue Agency confirming that the Arrangement can be finalized on a tax neutral basis for Benton and its shareholders. There is no assurance that the TSX-V will provide conditional listing approval for the common shares of Newco or that the Canada Revenue Agency will provide a favourable advance tax ruling.
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 $12.4 million in cash, owns approximately 57.86 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 6.47 million shares of Mineral Mountain Resources Ltd. (TSX VENTURE:MMV), holds 815,000 shares of Bell Copper Corporation (TSX VENTURE:BCU), and has subscribed for 1.55 million shares of Golden Dory Resources Corporation (TSX VENTURE:GDR). 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 one share in this new company for each share of Benton held pursuant to regulatory approval.
On behalf of the Board of Directors of Benton Resources Corp.,
Stephen Stares, President
Certain statements herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: (i) the transfer pursuant to the Arrangement of all of the necessary assets to Newco; (ii) the exploration and development of the Company's properties; (iii) ours and Newco's future business and strategies; (iv) requirements for additional capital and future financing; (v) future price of gold and other precious metals; (vi) estimation of mineral resources; and (vii) estimated future working capital, funds available, and uses of funds, and future capital expenditures, exploration expenditures and other expense for specific operations. Often, but not always, forward-looking statements or information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. With respect to forward-looking statements and information contained herein, we have made numerous assumptions.
Although our management believes that the assumptions made and the expectations represented by such statement or information are reasonable, there can be no assurance that a forward-looking statement or information referenced herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Such risks, uncertainties and other factors include, among other things, the following: (i) the failure to satisfy the conditions of closing in the Arrangement, including obtaining the necessary regulatory approvals and a favourable advanced tax ruling; (ii) our ability to advance exploration properties; (iii) gold and other precious metals price volatility; (iv) speculative nature of gold and other precious metals exploration; (v) inherent uncertainties in estimating mineral resources; (vi) regulatory restrictions; and (v) defective title to mineral claims or property. See also our quarterly and annual MD&A for additional information on risks and uncertainties relating to forward-looking statements and information. Although we have attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Also, many of the factors are beyond the control of Benton. Accordingly, readers should not place undue reliance on forward-looking statements or information. We undertake no obligation to reissue or update any forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements and information herein are qualified by this cautionary statement.
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
SOURCE: Benton Resources Corp.
http://www.bentonresources.ca
sumisu
15 years ago
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/
sumisu
15 years ago
Benton to Drill Kingurutik Nickel Project
Press Release Source: Benton Resources Corp.
On Wednesday May 19, 2010, 9:01 am EDT
http://finance.yahoo.com/news/Benton-to-Drill-Kingurutik-ccn-1452705109.html?x=0&.v=1
THUNDER BAY, ONTARIO--(Marketwire - May 19, 2010) - Benton Resources Corp. ("Benton" or "the Company") (TSX VENTURE:BTC - News) is pleased to announce the Company will commence drilling in early July on the Kingurutik Lake Nickel project located approximately 60 kilometers north of the world class Voisey's Bay Nickel-Copper-Cobalt deposit. The property hosts numerous targets and several large gossans mapped by the government in 2000 and past work in the area identified high-grade copper and nickel with grades up to 6.8% copper and 1.7% nickel in selected surface samples. Previous operator of the current joint venture, Teck Resources Limited ("Teck"), completed two years of systematic exploration programs during 2007-08 that included two airborne geophysical surveys followed by prospecting, mapping, and deep penetrating electromagnetic surveys. This work resulted in delineating numerous targets prospective for Ni-Cu-Co mineralization. To date, six separate target areas outlined by Teck have been selected for diamond drilling. Benton has designed a diamond drill program comprised of 12 holes totaling approximately 3,000 meters to test the various targets outlined by Teck's work programs. Benton will act as operator as Teck has elected not to participate in the proposed program choosing to focus their exploration efforts on their core commodities in 2010.
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 $12 million in cash, owns approximately 33 million shares and 16.5 million warrant in Coro Mining Corp (TSX:COP - News), holds 1.6 million shares in Marathon PGM Corp (TSX:MAR - News), holds 1.6 million shares in Puget Ventures (TSX VENTURE:PVS - News), holds 825,000 Bell Copper Corp (TSX VENTURE:BCU - News) 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.
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.(807) 475-7474(807) 475-7200 (FAX)http://www.bentonresources.ca/Investor RelationsClair Calvert(204) 799-2086
sumisu
15 years ago
Royal Roads & Benton provide exploration update for Long Range JV, Newfoundland
Companies:BENTON RESOURCES CORP.ROYAL ROADS CORP
Press Release Source: ROYAL ROADS CORP.; BENTON RESOURCES CORP. On Friday May 7, 2010, 5:00 pm EDT
http://finance.yahoo.com/news/Royal-Roads-Benton-provide-cnw-3347275698.html?x=0
HALIFAX, May 7 /CNW/ - Royal Roads Corp. (RRO-TSX-V) ("Royal Roads") and Benton Resources Corp. (BTC-TSX-V) ("Benton") (the "Companies") wish to provide the following exploration update on their Long Range Nickel joint venture in central Newfoundland, Canada. The recently announced diamond drilling program at the Range copper prospect (news release dated April 1, 2010) is now complete. Four holes and an extension of a previous hole were drilled to test the zone over a 200 m strike with all holes failing to intercept significant sulphide mineralization. As a result, the zone is now believed to have a different geometry than originally interpreted. Borehole geophysical surveys completed during the program on three of the available drill holes confirm the existence of the conductor associated with the zone; however, rugged terrain and an adjacent lake limited accessibility for positioning of subsequent drill holes. As a result, two holes undertaken after completion of borehole geophysics were unable to effectively test the prospect. The Companies believe additional ground geophysics and diamond drilling may be warranted in early 2011, when frozen lake conditions allow access over the prospect. The Range Prospect is still considered significant, as drilling in 2009 returned an intercept of banded, semi-massive and massive sulphides averaging 0.39% copper and 0.032% cobalt over a core length of 37.8 metres. The Companies believe the mineralization may remain open in several directions.
Upcoming Work -------------
Planned exploration activities over other portions of the joint venture
property are currently set to commence May 18th, with a contract awarded to
Fugro Airborne Surveys Corp of Mississauga, Ontario to complete over 1,400
line kilometres of helicopter-borne HELITEM(R) geophysical surveys over
additional claims acquired since September 2009, totaling more than 200 km2.
The additional claims cover unexplored gabbro bodies recently recognized as
being prospective for magmatic nickel-copper sulphide deposits. Surveys will
be followed up by prospecting upon receipt of results.
Initiated in February, advanced surveys consisting of approximately 70 line kilometres of deep-seeking time domain electromagnetic surveys over the Portage Nickel Prospect and surrounding area are currently 60% complete. The surveys have been temporarily suspended during the Spring break-up period and are expected to resume May 8th. The survey is designed to explore the area surrounding the Portage Nickel Prospect where trenching in 2009 returned assays of up to 2.70% nickel, 0.58% copper and 0.24% cobalt in grab samples, 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). Drilling on this prospect in 2009 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 gabbro-hosted mineralization to be particularly encouraging, as it suggests sulphides have segregated in the gabbro and may have accumulated massive sulphides grading in excess of 4% nickel and 3% copper. Additional programs will be considered upon receipt of results and may include additional diamond drilling.
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.
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.
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 $12.4 million in cash, owns
approximately 36% interest in Coro Mining Corp (TSX.COP), holds an approximate
5% interest in Marathon PGM Corp (TSX.MAR) and retains a 2% Net Smelter
Royalty on the northern portion of the Marathon PGM deposit.
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., (902) 472-2298, Winsor, Nova Scotia, www.royalroadscorp.ca
Stephen Stares, President & CEO, Benton Resources Corp., (807) 475-7474, Thunder Bay, Ontario, http://www.bentonresources.ca/
sumisu
15 years ago
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
sumisu
15 years ago
Benton Intersects Gold on the Deloro Property in Timmins, Ontario
Press Release Source: Benton Resources Corp.
On Tuesday January 26, 2010, 9:00 am EST
http://finance.yahoo.com/news/Benton-Intersects-Gold-on-the-ccn-1643352106.html?x=0&.v=1
THUNDER BAY, ONTARIO--(Marketwire - Jan. 26, 2010) - Benton Resources Corp (TSX VENTURE:BTC - News; "Benton" or "the Company") is pleased to announce that the company has received the results from the first 12 diamond drill holes completed on the Deloro project, located in the Timmins gold mining camp, and confirms the presence of high grade gold mineralization on the property. Highlights of the drilling include 8.57gpt Au (grams per tonne gold) over 3.5 metres including 11.86 gpt over 2.5 metres from hole D09-12, the western most and deepest hole drilled to date. The drill program has focused on drilling stratigraphic holes on 50 metre spaced lines, starting at the east property boundary (L508E) and working westwards, testing for mineralized structures along the south vein horizon. Of particular interest is the fact that the best results received have come from the most westerly and deepest hole (D09-12) drilled to date (L506+00E at approximately 100 metres below surface). Gold mineralization occurs within a distinct quartz breccia hosted within a zone of heavy pyrite and strong sericite altered mafic volcanic rocks.
The company is encouraged by these results and diamond drilling is continuing to the west and below the mineralization intersected in hole D09-12.
The Deloro property is under option from Deloro Mining and Smelting Inc. Under the agreement Benton can acquire a 100% interest in two mining patents and one mining claim located 900 metres west and on strike of the 930,000 ounce past producing Delnite mine and situated along the prolific Dome-Aunor-Delnite mine trend. Under the terms of the agreement the company must pay $60,000 in cash and 400,000 shares of the company on signing and a further 1.1 million shares within 24 months.
The following table summarizes the drilling to date. A map and pictures are posted on the company's website showing the location and pictures of some of the pits.
---------------------------------------------------------------
DDH
Hole FROM TO Au g/t Thickness Grid
(m) Line
---------------------------------------------------------------
---------------------------------------------------------------
D09-01 no significant values 508+00E
D09-02 26.5 27.2 0.40 0.7 508+00E
D09-03 no significant values 508+00E
D09-04 no significant values 507+50E
D09-05 137.0 138.0 2.57 1.0 507+50E
and 186.0 190.1 0.58 4.1 507+50E
D09-06 66.0 66.7 0.49 0.7 507+00E
D09-07 178.0 186.0 0.34 8.0 507+00E
D09-08 54.0 55.0 2.12 1.0 506+50E
D09-09 123.0 127.6 0.79 4.6 506+50E
incl. 123.0 123.5 6.58 0.5 506+50E
D09-10 86.0 89.0 1.57 3.0 506+00E
D09-11 96.0 97.0 1.91 1.0 506+00E
D09-12 111.5 115.0 8.57 3.5 506+00E
incl. 112.5 115.0 11.86 2.5 506+00E
note: all widths are downhole thickness
---------------------------------------------------------------
---------------------------------------------------------------
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 $13 million in cash, owns approximately 36.3% 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.comAGORACOM Investor RelationsInvestor RelationsClair Calvert204-799-2086BTC@agoracom.comhttp://agoracom.com/ir/benton
sumisu
15 years ago
Benton Provides Exploration Update for 2010
Press Release Source: Benton Resources Corp. On Thursday January 14, 2010, 12:05 pm EST
http://finance.yahoo.com/news/Benton-Provides-Exploration-ccn-1171788831.html?x=0&.v=1
THUNDER BAY, ONTARIO--(Marketwire - Jan. 14, 2010) - Benton Resources Corp. (TSX VENTURE:BTC - News; "Benton" or "the Company") is pleased to provide an exploration update for ongoing and upcoming exploration programs.
Diamond drilling has resumed on the Deloro gold project located adjacent to the past-producing Delnite mine in the Timmins gold camp. To date 12 holes have been completed and submitted for assay. Numerous en-echelon zones of quartz-ankerite veining hosted within a package of strong carbonate-altered and sheared mafic volcanic rocks containing pyrite and trace chalcopyrite have been intersected. Drilling to date indicates the alteration zones get stronger and thicker at depth. A second deep diamond drill program designed to test the down plunge extension of the Delnite ore body is scheduled to be initiated during the first quarter of 2010. The property is situated approximately 900 metres along the western strike extent of the 930,000 ounce past-producing Delnite mine. More than 20 million ounces of gold have been produced historically from within a 5 kilometre strike length of the property. Under the agreement, Benton can acquire from Deloro Mining and Smelting a 100% interest in two contiguous mining patents and one mining claim located 5 km southeast of the city of Timmins along the prolific Dome-Aunor-Delnite mine trend.
At the Golden Harp Option, Benton is planning approximately 2500m of diamond drilling to further test gold mineralization intersected at the Cook and MC zones (BTC PR Nov 20, 2009). The drilling program will also test the Crocker zone surface mineralization discovered during last summer's field season.
Benton has received assay results from the final four diamond drill hole completed of a 20-hole program on the Company's 100% owned Saganaga gold project located in the Shebandowan greenstone belt 100km west of Thunder Bay, Ontario. Significant results were obtained from the Starr and North Starr zones. At the Starr zone previously released drill holes SAG09-13 and 14 (BTC PR Dec 1, 2009) tested the depth extent of a historical drill intercept of 5.6gpt Au over 20.0m completed by Teck Cominco Ltd in 2006. Both holes intersected multiple gold mineralized zones include including 3.0gpt Au over 20.5m including 4.5m grading 7.3gpt. Holes SAG09-15 to 17 tested the North Starr gold zone where multiple parallel gold zones were intersected. Drill holes SAG09-18 and 20 tested the Megan Vein mineralization and returned anomalous values. Benton is pleased with the results which not only demonstrate the potential for multiple mineralized horizons of economic interest but also assist characterizing the style and orientation of the shallow gold zones. A second phase of drilling is being planned as follow up. In addition, the Company is planning a program to follow up on several new gold-silver zones discovered by the 2009 prospecting program where newly exposed mineralization returned values up to 16.5gpt Au with 349gpt Ag from grab samples. The mineralization is hosted within both a 10-20m wide quartz stockwork system and a sulphide-rich silicified altered volcanic package.
During the first quarter of 2010 Benton plans to complete drill programs on both the Horne and Bark Lake properties. At Bark Lake, located 120km west of Thunder Bay, Ontario, a drill program consisting of 5 to 6 holes will test the prospective source of mineralized boulders discovered on the property that returned grades up to 1.5% Ni, 1.2% Cu, 4.2gpt Pd and 2.8gpt Pt. A 3-4 hole drill program will also be completed to test the nickel mineralization encountered on its Horne property located 85km west of Thunder Bay, Ontario, where grab samples returned values up to 2.1% Ni and 1.2% Cu.
Benton recently announced that it has exercised 5.6 million of its Coro Mining Corp. ("Coro") warrants at an exercise price of $0.18 per warrant. Benton's management believes that the investment in Coro represents a tremendous asset to Benton shareholders. Coro's management team continues to move the San Jorge copper-gold deposit through the late stages of permitting. In addition, Coro has an impressive portfolio of early stage copper and gold projects with good potential for large scale deposits of economic significance. Benton acquired 27,272,727 units of Coro (approximately 34% of the issued and outstanding shares) in January 2009 for $3 million CAD (or $0.11/unit) with each unit consisting of one common share of Coro and one common share purchase warrant, each warrant entitling the Company to acquire a common share of Coro for $0.18 until January 23, 2010 and thereafter for $0.20 until January 23, 2011. After the exercise of the 5.6 million warrants, Benton now owns 32,872,727 common shares of Coro (representing about 36% of the issued and outstanding shares of Coro) and retains an additional 16,672,727 unexercised warrants and if exercised would increase Benton's interest in Coro to approximately 46%.
In addition Benton would like to announce it has dropped the option to acquire the Hope Brook project in southern Newfoundland.
Benton currently has approximately $12.8 million in cash and in addition to holding various interests in a number of exploration projects, owns about 36% 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.comAGORACOM Investor RelationsInvestor Relations:Clair Calvert204-799-2086BTC@agoracom.comhttp://agoracom.com/ir/benton
sumisu
15 years ago
Benton Resources Exercises 5.6 Million Coro Mining Warrants
Press Release Source: Benton Resources Corp. On Wednesday December 16, 2009, 2:00 pm EST
http://finance.yahoo.com/news/Benton-Resources-Exercises-56-ccn-3093227550.html?x=0&.v=1
THUNDER BAY, ONTARIO--(Marketwire - Dec. 16, 2009) - Benton Resources Corp (TSX VENTURE:BTC - News; "Benton" or "the Company") is pleased to announce that it has exercised 5.6 million of its Coro Mining Corp. ("Coro") warrants at an exercise price of $0.18 per warrant for a total exercise amount of $1,008,000. Benton's management believes that the investment in Coro represents a tremendous asset to Benton shareholders as Coro's management team continues to move the San Jorge Copper Gold deposit through the late stages of permitting. In addition, Coro has an impressive portfolio of early stage copper and gold projects with very good potential for large scale deposits. Benton acquired 27,272,727 units of Coro (approximately 34% of the issued and outstanding shares) in January 2009 for $3 million CAD (or $0.11/unit) with each unit consisting of one common share of Coro and one common share purchase warrant, each warrant entitling the Company to acquire a common share of Coro for $0.18 until January 23, 2010 and thereafter for $0.20 until January 23, 2011. After the exercise of the 5.6 million warrants, Benton now owns 32,872,727 common shares of Coro (representing 36.3% of the issued and outstanding shares of Coro) and retains an additional 16,672,727 unexercised warrants.
The proceeds from the exercise of warrants will be used for Coro's working capital purposes including advancing the San Jorge project in Mendoza, Argentina where Coro previously announced the positive conclusions from the Independent Review of the San Jorge project by National Technological University ("UTN") of Mendoza. The Environmental Impact Study ("EIS") is currently subject to a review by various governmental organizations in Mendoza. This review is nearing completion and will be followed by a formal public hearing. The EIS will then be considered for approval by the Mendoza provincial government and if approved, submitted for ratification by the provincial legislature. Coro anticipates that this process will be completed in the first quarter of 2010.
As announced in Coro's April 22, 2008 press release, Coro has completed an independent Preliminary Economic Assessment ("PEA") of the San Jorge Project which contemplates the production of an average of 39,500 metric tonnes per year of copper and 39,000 ounces per year of gold contained in concentrate for a period of 16 years. The PEA concluded that the project would require an initial investment of $277 million, and at prices of $2.00/ lb copper and $600 per ounce of gold, would have an after tax NPV (10%) of $220 million and an IRR of 28.6%. Upon the approval of the EIS Coro will look to fast track the project through the completion of a definitive feasibility study. For a full update on the San Jorge project and Coro's other exploration properties, interested parties can review Coro's new corporate presentation available on Coro's website at www.coromining.com.
Stephen Stares, Company President and CEO commented, "We are very pleased with Coro's progress to date on advancing the permitting process at San Jorge as well as their exploration success on their other highly prospective projects and we look forward to Coro's future strategic developments".
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 ongoing drill programs, $13.3 million in cash, owns a 36.3% 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
sumisu
15 years ago
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
sumisu
15 years ago
Benton Drills Multiple Gold Zones at Saganaga
Press Release
Source: Benton Resources Corp.
On 9:01 am EST, Tuesday December 1, 2009
http://finance.yahoo.com/news/Benton-Drills-Multiple-Gold-ccn-2044048737.html?x=0&.v=1
THUNDER BAY, ONTARIO--(Marketwire - Dec. 1, 2009) - Benton Resources Corp. (TSX VENTURE:BTC - News; "Benton" or "the Company") is pleased to announce assay results from several drill holes completed at its 100% owned Saganaga gold project located in the Shebandowan Greenstone Belt 100km west of Thunder Bay, Ontario. The diamond drill program, recently completed, consisted of approximately 2,700 metres in 20 drill holes of which assay results for 16 of the holes have been received. Drill holes SAG09-01 to SAG09-12 tested the historical Powell vein of which 8 holes intersected significant gold values. Drill holes SAG09-13 and 14 tested the Starr zone mineralization below where Teck Cominco Ltd intersected 20.0m grading 5.36gpt gold in 2006. Both holes intersected significant gold mineralization. Hole SAG09-13 cut 20.5m grading 3.0gpt Au including 4.0m grading 7.3gpt Au and a second lower zone grading 8.26gpt Au over 1.0m. Holes SAG09-15 and 16 were drilled in the North Starr area where significant gold assays were also encountered such as 3.6gpt Au over 4.3m including 2m grading 7.2gpt Au in SAG09-16. Results for drill holes SAG09-17 (North Starr showing) and SAG09-19 and 20 (Megan showing) are pending. The following table lists significant gold intersections:
----------------------------------------------------------------------------
Hole ID From (m) To (m) Interval (m) Au g/t Location
----------------------------------------------------------------------------
SAG09-02 76.3 76.55 0.25 3.0 Powell Zone
----------------------------------------------------------------------------
123.6 124.3 0.7 1.1
----------------------------------------------------------------------------
128.35 132.25 3.9 0.6
----------------------------------------------------------------------------
SAG09-03 30.15 30.4 0.25 2.9 Powell Zone
----------------------------------------------------------------------------
59.0 61.15 2.15 3.3
----------------------------------------------------------------------------
SAG09-05 96.6 96.85 0.25 4.8 Powell Zone
----------------------------------------------------------------------------
SAG09-07 50.2 54.45 4.25 2.5 Powell Zone
----------------------------------------------------------------------------
63.6 72.5 8.9 0.9
----------------------------------------------------------------------------
includes 70.0 72.5 2.5 2.4
----------------------------------------------------------------------------
SAG09-08 72.9 78.2 5.3 0.7 Powell Zone
----------------------------------------------------------------------------
includes 72.9 73.5 0.6 2.6
----------------------------------------------------------------------------
93.0 94.5 1.5 2.7 Powell Zone
----------------------------------------------------------------------------
SAG09-09 49.0 53.85 4.85 2.3 Powell Zone
----------------------------------------------------------------------------
SAG09-13 6.0 7.0 1.0 1.0 Starr Showing
----------------------------------------------------------------------------
20.0 42.0 22.0 2.8
----------------------------------------------------------------------------
includes 21.5 42.0 20.5 3.0
----------------------------------------------------------------------------
or 23.0 32.0 9.0 5.4
----------------------------------------------------------------------------
or 23.0 27.5 4.5 7.3
----------------------------------------------------------------------------
or 23.0 24.5 1.5 10.1
----------------------------------------------------------------------------
and 41.0 42.0 1.0 8.3
----------------------------------------------------------------------------
SAG09-14 30.0 34.0 4.0 1.0 Starr Showing
----------------------------------------------------------------------------
65.0 80.0 15.0 0.7
----------------------------------------------------------------------------
75.5 76.25 0.75 5.7
----------------------------------------------------------------------------
142.5 143.7 1.2 1.0
----------------------------------------------------------------------------
SAG09-15 27.4 33.85 6.45 1.8 North Starr Showing
----------------------------------------------------------------------------
including 27.4 28.5 1.1 8.1
----------------------------------------------------------------------------
76.0 78.0 2.0 2.4
----------------------------------------------------------------------------
SAG09-16 25.95 30.25 4.3 3.6 North Starr Showing
----------------------------------------------------------------------------
including 28.25 30.25 2.0 7.2
----------------------------------------------------------------------------
Benton is pleased with the assay results thus far in the Company's first phase of diamond drilling. Not only did the drill program intersect numerous shallow gold zones but it also provided valuable information on the nature and controls of the gold mineralization. The current drill results are being compiled with the recent geological mapping, ground geophysics (induced polarization and magnetics), soil geochemistry, and prospecting to help prioritize a second phase of diamond drilling scheduled for 2010. New gold zones uncovered by prospecting and the soil geochemical survey will be followed up with surface trenching and additional diamond drill testing.
Benton currently has approximately $14.2 million in cash and in addition to holding various interests in a number of exploration projects, owns a 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.
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.com
sumisu
15 years ago
Benton Completes Deloro Option Located in the Heart of the Timmins Gold Camp
Press Release
Source: Benton Resources Corp.
On 11:43 am EST, Wednesday November 11, 2009
http://finance.yahoo.com/news/Benton-Completes-Deloro-ccn-1643766396.html?x=0&.v=1
THUNDER BAY, ONTARIO--(Marketwire - Nov. 11, 2009) - Benton Resources Corp. (TSX VENTURE:BTC - News), ("Benton" or "the Company") is pleased to announce that the company has completed its due diligence and is satisfied that the property has significant merit and has signed the final agreement for the project.
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 of Timmins and 900 meters west and on strike of the 930,000 ounce past producing Delnite mine. The claims are situated along the prolific Dome-Aunor-Delnite mine trend that has historically produced in excess of 20 million ounces of gold.
The property is host to at least three separate bands of quartz-ankerite veining hosted within a package of strong carbonate altered and sheared mafic volcanic rocks containing pyrite and trace chalcopyrite. 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. Known historic work includes the sinking of a 125 foot shaft on the south quartz vein system and trenching and pitting of quartz veins on the south central vein systems. Reports dated 1913 (Dobbs) and 1939 (B.S.W. Buffam) report grab samples from the south zone returning up to 0.75 ounces per ton (opt) gold (Au) over an average thickness of 4 feet and values of up to 2.3 opt Au from the central vein. A third quartz vein system hosted within a strong carbonate altered shear zone cuts through the northern part of the property and is believed to represent the west extension of the Delnite mine horizon. All information was obtained from MNDM assessment files and is presented for information purposes only and that the historical data and should not be relied upon.
A property visit by representatives from Benton has confirmed the existence of multiple quartz veining hosted with sulphide-rich carbonate altered and sheared mafic volcanics. Visible gold was noted in place within the quartz veins and also in blast rock samples located near the old shaft.
A trenching program is currently underway to expose the areas of quartz veining. In addition, a grid is currently being established on the claims and mapping and geophysical surveys will be completed over the next few weeks. This information will help guide a diamond drilling program scheduled for later this year.
A map and pictures are posted on the company's website showing the location and pictures of some of the pits. Under the terms of the agreement the company must pay $60,000 in cash and 400,000 shares of the company on signing and a further 1.1 million shares within 24 months.
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 $15.3 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.
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)611 Montreal StreetBenton Resources Corp.Thunder Bay, ON P7E 3P2www.bentonresources.comAGORACOM Investor RelationsInvestor RelationsBTC@agoracom.com http://agoracom.com/ir/benton204-799-2086Clair Calvert
sumisu
15 years ago
Benton Resources Sells 5 million Coro Mining Warrants for $350,000
Press Release
Source: Benton Resources Corp.
On 1:18 pm EDT, Friday October 9, 2009
http://finance.yahoo.com/news/Benton-Resources-Sells-5-ccn-2727092114.html?x=0&.v=1
THUNDER BAY, ONTARIO--(Marketwire - Oct. 9, 2009) - Benton Resources Corp (TSX VENTURE:BTC - News; "Benton" or "the Company") is pleased to announce that it has agreed to sell 5 million of its Coro Mining Corp. ("Coro") warrants to an arms length party at a price of $0.07/warrant for gross proceeds of $350,000. As previously announced in the Company's press release dated January 26, 2009, the company acquired 27,272,727 units (approximately 34% of the issued and outstanding shares) of Coro for $3million CAD (or $0.11/unit) with each unit consisting of one common share of Coro and one common share purchase warrant, each warrant entitling the holder to acquire a common share of Coro for $0.18 for the first year from the date of closing and $0.20 thereafter until expiry. After the sale of the warrants is completed, Benton will still retain 22,272,727 warrants of Coro along with the 27,272,727 common shares.
Stephen Stares, Company President and CEO commented, "Benton is thrilled to have the involvement of another major shareholder in Coro Mining and to share the same positive perspective on the quality of both Coro's projects and their management team. We are also pleased to receive additional funds for our treasury at no dilution to our shareholders while still retaining our significant position in Coro".
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 $15.3 million in cash, owns a 34.3% interest in Coro Mining Corp (TSX.COP), holds an approximate 5% interest in Marathon PGM Corp (TSX.MAR) 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)611 Montreal StreetBenton Resources Corp.Thunder Bay, ON P7E 3P2www.bentonresources.comAGORACOM Investor RelationsInvestor RelationsBTC@agoracom.comhttp://agoracom.com/ir/benton204-799-2086Clair Calvert
sumisu
15 years ago
Benton Discovers New Gold Zone on Block A Option
Press Release
Source: Benton Resources Corp.
On 10:30 am EDT, Thursday October 1, 2009
http://finance.yahoo.com/news/Benton-Discovers-New-Gold-ccn-784998121.html?x=0&.v=1
THUNDER BAY, ONTARIO--(Marketwire - Oct. 1, 2009) - Benton Resources Corp. (TSX VENTURE:BTC - News; "Benton" or "the Company") is pleased to announce that results from the summer prospecting program on the Copper Hill Block A option, located 100 Km south of Timmins, has identified a new gold zone (the Crocker Zone) with assay results of up to 9.65 grams per tonne (gpt) gold (Au) from surface grab samples. A total of 20 samples were collected over a strike length of 340 metres (m) with values ranging from 0.012 gpt to 9.65 gpt Au. Five of the samples returned gold values of greater than 2.0 gpt Au (9.65, 9.50, 6.07, 2.27 and 2.24 gpt Au) while 9 samples returned values ranging from 0.15 to 0.81 gpt Au. This new zone is located approximately 300m north of the MC zone where diamond drilling in 2008 by Golden Harp Resources Inc intersected 3.6 gpt Au over a core length of 9.0m (including 14.29 gpt Au over 2.0 metres) from hole GH-019. Like the MC zone, the Crocker Zone is hosted within pyrite-rich green carbonate altered ultramafic volcanic rocks.
All samples were sent to Activation Laboratories, an accredited laboratory in Thunder Bay, Ontario. The gold was analyzed utilizing a standard fire assay and an atomic absorption finish.
Benton would also like to report that the phase II drill program on the Block A property is in progress. To date, 15 holes (3,000m) of a 17 hole (3,300m) program have been completed. The drill program is designed to test the Cook and MC Zones as well as coincident IP chargeability and soil anomalies located west, east, and on strike to the MC Zone. The program will also test an IP target associated with the newly discovered gold-bearing Crocker Zone. Assay results will be released as they are received.
Benton is a Canadian based junior with multiple joint ventures and a diversified property portfolio in Gold, Nickel, Copper, and Platinum group elements which can be view on the company's web site post below. The company currently has approximately $15.0 million in cash, owns a 34.3% interest in Coro Mining Corp (TSX.COP), holds an approximate 5% interest in Marathon PGM Corp (TSX.MAR) 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)611 Montreal StreetBenton Resources Corp.Thunder Bay, ON P7E 3P2www.bentonresources.comAGORACOM Investor RelationsInvestor RelationsBTC@agoracom.comwww.agoracom.com/ir/benton204-799-2086Clair Calvert
sumisu
15 years ago
Benton & Royal Roads Make a New Discovery of 29.2 Metres Semi-Massive to Massive Sulphides Grading 0.39% Copper and 0.032% Cobalt
Press Release
Source: Benton Resources Corp., Royal Roads Corp.
On 10:40 am EST, Tuesday November 3, 2009
http://finance.yahoo.com/news/Benton-Royal-Roads-Make-a-New-ccn-1685480813.html?x=0
THUNDER BAY, ONTARIO--(Marketwire - Nov. 4, 2009) - Benton Resources Corp. (TSX VENTURE:BTC - News; "Benton") and Royal Roads Corp. (TSX VENTURE:RRO - News; "Royal Roads") announced results from a recently completed two-hole diamond drilling program designed to test a recently discovered copper-bearing sulphide zone on the Long Range Joint Venture in central Newfoundland. Drill hole LR-09-02 intersected 29.2 metres (37.9 metres core length) of semi-massive to massive sulphides while testing a strong conductive anomaly defined by VTEM airborne geophysical surveys completed by Geotech Ltd. in 2008. This discovery has been named the Range Zone and returned assays averaging 0.39% copper and 0.032% cobalt over 29.11 m (estimated true width). Copper and cobalt grades within the zone range between 0.17% and 1.44% copper, and 0.007% and 0.127% cobalt, while nickel, silver and gold assays were negligible. A table of analysis for this interval is presented below.
----------------------------------------------------------------
----------------------------------------------------------------
From (m) To (m) Copper % Cobalt %
----------------------------------------------------------------
92.00 93.00 0.19 0.020
----------------------------------------------------------------
93.00 94.00 0.43 0.031
----------------------------------------------------------------
94.00 95.00 0.29 0.044
----------------------------------------------------------------
95.00 96.00 0.31 0.046
----------------------------------------------------------------
96.00 97.00 0.70 0.038
----------------------------------------------------------------
97.00 98.00 0.96 0.020
----------------------------------------------------------------
98.00 99.00 0.33 0.022
----------------------------------------------------------------
99.00 100.00 0.21 0.028
----------------------------------------------------------------
100.00 101.00 0.29 0.013
----------------------------------------------------------------
101.00 102.00 0.38 0.031
----------------------------------------------------------------
102.00 103.00 0.23 0.017
----------------------------------------------------------------
103.00 104.00 0.68 0.014
----------------------------------------------------------------
104.00 105.00 0.34 0.007
----------------------------------------------------------------
105.00 106.00 0.79 0.016
----------------------------------------------------------------
106.00 107.00 0.45 0.027
----------------------------------------------------------------
107.00 108.00 0.18 0.022
----------------------------------------------------------------
108.00 109.00 0.23 0.019
----------------------------------------------------------------
109.00 110.00 0.26 0.047
----------------------------------------------------------------
110.00 111.00 0.34 0.023
----------------------------------------------------------------
111.00 112.00 0.27 0.010
----------------------------------------------------------------
112.00 113.00 0.37 0.007
----------------------------------------------------------------
113.00 114.00 0.26 0.019
----------------------------------------------------------------
114.00 115.00 0.28 0.025
----------------------------------------------------------------
115.00 116.00 0.17 0.043
----------------------------------------------------------------
116.00 117.00 0.15 0.033
----------------------------------------------------------------
117.00 118.00 0.36 0.009
----------------------------------------------------------------
118.00 119.00 1.44 0.008
----------------------------------------------------------------
119.00 120.00 0.31 0.025
----------------------------------------------------------------
120.00 121.00 0.15 0.127
----------------------------------------------------------------
121.00 122.00 0.13 0.053
----------------------------------------------------------------
122.00 123.00 0.18 0.035
----------------------------------------------------------------
123.00 124.00 0.52 0.016
----------------------------------------------------------------
124.00 125.00 0.24 0.124
----------------------------------------------------------------
125.00 126.00 0.34 0.032
----------------------------------------------------------------
126.00 127.00 0.49 0.030
----------------------------------------------------------------
127.00 128.00 0.22 0.032
----------------------------------------------------------------
128.00 129.00 0.31 0.042
----------------------------------------------------------------
129.00 129.80 0.17 0.036
----------------------------------------------------------------
Mineralization is comprised of pyrrhotite with lesser pyrite and chalcopyrite hosted by deformed mafic rocks of presumed Ordovician to Silurian age. The discovery hole, LR-09-02, was the second of two holes collared to test a copper showing and the associated VTEM anomaly. The first hole, LR-09-01, was collared 80 metres northeast of hole LR-09-02, and appears to have stopped short of the zone. The associated VTEM anomaly is estimated to be at least 360 metres long, dip steeply to the southeast, and plunge gently to the southwest. The discovery is located 1.3 kilometres east of the Puddle Pond Gabbro. Royal Roads and Benton recently announced discovery of magmatic nickel-copper sulphides within trenched bedrock exposures of Puddle Pond Gabbro 3.3 kilometres west northwest of the Range Zone.
Sulphide abundances and textures are noted to vary over the intercept's length, with total sulphide abundances visually estimated to range from 20% to 30% between 91.9 and 99.5 metres (5.9 m estimated true width), from 40% to 50% between 99.5 and 119.6 metres (15.5 m estimated true width), and from 75% to 90% between 119.6 and 129.8 metres (7.9 metres estimated true width). The zone's upper contact is marked by a 10 cm gouge zone (fault) while the zone's lower contact is marked by a chilled diabase dyke. Minor sulphide mineralization is also observed within other fine grained mafic rocks below the main mineralized zone.
Royal Roads and Benton are very encouraged by the thickness of the zone and the uniform distribution of the copper-cobalt mineralization. A second phase drill program is presently in the planning stage to test for zones of higher base metal concentrations in what has the potential to be a large accumulation of massive sulphides. The companies also believe this discovery underscores the high prospectivity of this area, which remains one of the least explored areas of Newfoundland and Labrador.
Update On Diamond Drilling Of Newly Discovered Nickel-Copper Sulphide Zone
The companies have completed four drill holes designed to test magmatic nickel-copper sulphides discovered within the 5 x 21 kilometre, Puddle Pond Gabbro (news release dated October 28, 2009). This mineralization, now referred to as the Portage Nickel prospect, was discovered by bedrock trenching of a VTEM conductive anomaly and returned assays of up to 2.70% nickel, 0.58% copper and 0.24% cobalt in grab samples, as well as sawed channel samples of up to 2.18% nickel, 0.19% copper and 0.11% cobalt over 1.0 metre. Drill cores have been logged and sampled and results will be released upon receipt of assays.
New Staking
In light of recent positive results obtained on the project, the companies staked an additional 650 claims (162 km2) in six additional properties located less than 25 km from the original property. Each additional property covers prospective gabbro analogous to the Puddle Pond Gabbro. As a result, the Long Range Joint Venture now covers more than almost 40,000 ha or 398.25 square kilometres.
Background
The Long Range project is a 50/50 joint venture between Royal Roads and Benton with Royal Roads as the operator. The property is subject to net smelter royalties of up to 2%, of which 1% can be purchased for $1 million. Portions of the property are subject to underlying option agreements requiring cash payments and share issuances for the joint venture to earn a 100% interest. The project was acquired to explore for magmatic nickel-copper sulphide deposits within a previously unexplored area, recently recognized to be prospective for magmatic sulphide deposits. The project is well situated with ready access to a paved highway, power and port facilities.
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. The drilling program was supervised by Paul Moore and David Butler, B.Sc. (Hons), P. Geo (NL), Royal Roads' Exploration Manager. Logging, sampling and assaying procedures were completed as per Royal Roads' QA/QC protocols as described in Royal Roads' press release dated February 27th, 2007. All assays were completed by Eastern Analytical Limited of Springdale, Newfoundland by the ICP (Inductively Coupled Plasma Optical Emission Spectroscopy) method (ICP-11) and Ore Grade Assay for Cu and Co by the atomic absorption (AA) method. Gold assays were completed by standard 1/2 assay ton fire assay using the AA method. Appropriate QA/QC protocols were applied, including duplicate analyses and monitoring of assay results through the insertion of control standards. Estimated true widths are based on measured core angles and correlation with airborne geophysical data.
About Royal Roads
Royal Roads is a resource company based in Halifax, Nova Scotia, Canada and is primarily focused on exploring and developing mineral properties in the famous historic Buchans mining camp in central Newfoundland, Canada. Acadian Mining Corporation (ADA-TSX) owns 29.18% of Royal Roads.
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 which can be view on the company's web site post below. The company currently has approximately $15.0 million in cash, owns a 32.2% interest in Coro Mining Corp (TSX: COP.TO - News), holds an approximate 5% interest in Marathon PGM Corp (TSX: MAR.TO - News) and retains a 2% Net Smelter Royalty on the northern portion of the Marathon PGM deposit.
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.
Investor Relations
BTC@agoracom.com
http://agoracom.com/ir/benton
AGORACOM Investor Relations
or Clair Calvert: @204-799-2086
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 does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Will Felderhof, President & CEORoyal Roads Corp.(902) 444-3637Halifax, Nova ScotiaDavid Felderhof, Vice-PresidentRoyal Roads Corp.(902) 444-3637Halifax, Nova Scotiawww.royalroadscorp.caStephen Stares, President & CEOBenton Resources Corp.(807) 475-7474Thunder Bay, Ontariowww.bentonresources.ca
sumisu
15 years ago
Royal Roads & Benton discover new copper sulphide zone on Long Range Joint Venture, Newfoundland
Press Release
Source: ROYAL ROADS CORP.; BENTON RESOURCES CORP.
On Monday September 14, 2009, 9:00 am EDT
http://finance.yahoo.com/news/Royal-Roads-Benton-discover-cnw-2675247255.html?x=0
HALIFAX, Sept. 14 /CNW/ - Royal Roads Corp. (RRO-TSX-V) ("Royal Roads") and Benton Resources Corp. (BTC-TSX-V) ("Benton") are pleased to announce the discovery of a new copper sulphide zone on the Long Range Joint Venture property in central Newfoundland. Follow up prospecting on airborne conductive anomalies defined by VTEM airborne geophysical surveys completed by Geotech Ltd. in 2008, has resulted in the discovery of a copper mineralized zone consisting of disseminated to locally banded massive sulphides. Based on limited exposure, the mineralized zone is estimated to be between 20 and 30 metres thick and is located adjacent to a 400 metre long VTEM conductive anomaly previously described by Geotech Ltd., as "a relatively strong conductor consistent with massive sulphides". The mineralized zone is peripheral to the conductive anomaly's axis which lies beneath a lake. Although bedrock exposure along the lake shore is limited, 14 variably oxidized bedrock grab samples were taken, with six of the samples returning assays of greater than 0.20% copper, with a high value of 1.77% copper. A drilling program is currently being planned.
Other conductive anomalies examined by prospecting elsewhere on the property have returned encouraging results considered favourable for the discovery of nickel-copper magmatic sulphides as well as polymetallic volcanogenic massive sulphides. Among these are anomalies, where grab samples collected from float believed to be locally derived, have returned assays of up to 0.75% nickel and 0.64% copper. Additional fall programs are currently being planned for these areas. The Joint Venture has acquired by staking, an additional 13.5 km2 in response to these positive results.
The Long Range project is a 50/50 joint venture between Royal Roads and Benton with Royal Roads as the operator. The property is subject to net smelter royalties of up to 2%, of which 1% can be purchased for $1 million. Portions of the property are also subject to underlying option agreements requiring cash payments and share issuances for the joint venture to earn a 100% interest. The project was acquired to explore for magmatic nickel-copper sulphide deposits within a previously unexplored area recently recognized to be prospective for magmatic sulphide deposits. The project is well situated with ready access to nearby roads, power and port facilities.
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. Analyses referred to herein are from rock and soil samples collected by prospectors contracted by Royal Roads. All assays were completed by Eastern Analytical Limited of Springdale, Newfoundland by the ICP (Inductively Coupled Plasma Optical Emission Spectroscopy) method (ICP-11) and Ore Grade Assay for Ni and Cu by the atomic absorption (AA) method.
About Royal Roads
-----------------
Royal Roads is a resource company based in Halifax, Nova Scotia, Canada and is primarily focused on exploring and developing mineral properties in the famous historic Buchans mining camp in central Newfoundland, Canada. Acadian Mining Corporation (ADA-TSX) owns 29.18% of Royal Roads. For additional information on Royal Roads' properties and activities, please visit www.royalroadscorp.ca.
About Benton Resources
----------------------
Benton currently has approximately $15.0 million in cash, owns a 34.3% interest in Coro Mining Corp (TSX.COP), holds an approximate 5% interest in Marathon PGM Corp (TSX.MAR) and retains a 2% Net Smelter Royalty on the northern portion of the Marathon PGM deposit. For additional information on Benton's properties and activities, please visit www.bentonresources.ca.
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
Royal Roads Corp.: Will Felderhof, President & CEO
David Felderhof, Vice-President, (902) 444-3637, Halifax, Nova Scotia, www.royalroadscorp.ca
Benton Resources Corp.: Stephen Stares, President & CEO, (807) 475-7474, Thunder Bay, Ontario, www.bentonresources.ca
sumisu
16 years ago
Pacific North West Capital and Benton Resources Complete Helicopter-borne Magnetic and VTEM Survey on the Swayze Nickel Project, ON
Thursday July 3, 1:00 pm ET
TSX: PFN OTCBB: PAWEF Frankfurt: P7J
http://biz.yahoo.com/prnews/080703/to213.html?.v=75
VANCOUVER, July 3 /PRNewswire-FirstCall/ - Pacific North West Capital Corp. ("PFN") (TSX: PFN - News) and Benton Resources Corp. (TSX.V : BTC) ("Benton") are pleased to announce that a helicopter-borne magnetic and electromagnetic (VTEM) survey has been completed over the Tooms Twp claim block of the Swayze JV Project located west of Timmins, Ontario.
See map attachment:
http://www.pfncapital.com/s/NewsReleases.asp?ReportID=310035
The Swayze JV was formed to explore for nickel-copper-platinum-palladium deposits in the ultramafic rocks of the Swayze Greenstone Complex, centered 80 km southwest of Timmins. Land holdings include three claim blocks totaling 670 units located in Tooms, Heenan and Kenogaming Townships. The Tooms property is host to several nickel showings with historic values including drill core values of up to 0.83% Ni over 7.3 meters including 2.5% Ni over 1.6 meters (MNDM assessment files). On the Heenan Twp. Claim block, a 20 km grid has been cut and ground magnetic and induced polarization surveys have been completed over a new gold-bearing zone discovered by prospectors John Hussey and Armand Aube of Timmins. Initial surface grab samples from the zone have returned up to 4.3 gpt Au.
Mapping and prospecting crews are currently active on the Heenan and Kenogaming claim blocks and will be dispatched to the Tooms property when results from the airborne survey have been compiled.
Benton Resources Corp. and Pacific North West Capital are participating in a 50% - 50% Joint Venture whereby both Companies agree to bear all expenditures and participate in a single purpose unincorporated Joint Venture for the purpose of carrying out all Mineral exploration. Benton is the Operator for the project and will be responsible for carrying out all exploration activities.
About Benton Resources Corp:
Benton Resources Corp. is a mineral exploration company listed on the TSX Venture Exchange under the symbol BTC. Benton's aggressive and experienced management team is focused on base and precious group metal exploration. The Company's diverse property portfolio includes Canadian projects which are highly prospective for gold, uranium, platinum, palladium, nickel and copper. The Company currently has approximately $20 million in working capital.
About Pacific North West Capital Corp:
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be a Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel, Benton Resources, First Nickel and SOQUEM.
Pacific North West Capital Corp. has approximately $9.5 million in working capital and securities.
On behalf of the Board of Directors
(signed)
Harry Barr
President & CEO
The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release
Disclaimer: This news release may contain certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with The Toronto Stock Exchange, British Columbia Securities Commission and the United States Securities & Exchange Commission.
CONTACT: Tel: (604) 685-1870; Fax: (604) 685-8045; Email: info@pfncapital.com, or visit www.pfncapital.com; 2303 West 41st Avenue, Vancouver, B.C., Canada, V6M 2A3
--------------------------------------------------------------------------------
Source: Pacific North West Capital Corp.
sumisu
17 years ago
Benton identifies multiple anomalies from the Rim Property airborne survey
Monday June 9, 10:54 am ET
http://biz.yahoo.com/cnw/080609/benton_rim_property.html?.v=1
THUNDER BAY, ON, June 9 /CNW/ - Benton Resources Corp. ("Benton" or the "Company") is pleased to announce that the results have been received from Geotech Ltd. ("Geotech") for an airborne geophysical survey completed over the Rim Property. The property is located in Labrador approximately 100km south of the Voisey's Bay nickel deposit. The report supplied by Geotech is a logistical report covering an 1863 line-kilometre survey and covers most of the property. The remainder has been covered by previous airborne surveys that are available in the public domain and will be integrated with the new survey into one compilation effort. A proper interpretation of the electromagnetic ("EM") data is also needed to determine the conductance and depth of the anomalous responses to help prioritize follow-up targets.
The magnetic data exhibits numerous structures crosscut the property in northeast, northwest and east-west orientations. A 6km by 4km area to the southwest portion of the property is of particular interest due to the convergence of the various structures coincident with the most intense conductive responses.
The preliminary airborne EM profile and total magnetic field maps can be viewed at the Company's website (www.bentonresources.ca).
About Benton Resources Corp:
Benton Resources Corp. (the "Company") is a mineral exploration company listed on the TSX Venture Exchange under the symbol BTC. Benton's aggressive and experienced management team is focused on base and precious group metal exploration. The Company's diverse property portfolio includes Canadian projects which are highly prospective for gold, uranium, platinum, palladium, nickel and copper. Benton Management believes due to the current market conditions the Company is extremely undervalued. The Company currently has approximately $20 million in working capital and an extremely prospective property portfolio.
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"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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.
For further information
Stephen Stares, 3290 Willard Ave, Thunder Bay, Ontario, P7E 6J7, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: First Canadian Capital Corp., Daniel Boase, Phone (416) 742-5600, Toll Free: 1-866-580-8891
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
Benton starts drilling Sally Lake and Area 41
Friday May 16, 2:28 pm ET
http://biz.yahoo.com/cnw/080516/benton_res_drilling.html?.v=1
THUNDER BAY, ON, May 16 /CNW/ - Benton Resources Corp. ("Benton" or the "Company") is pleased to announce that drilling has commenced on the Sally Lake and Area 41 Copper-PGM (platinum group metal) mineralized zones located on the western extent of the Company's Bermuda Property near Marathon, Ontario.
Diamond drilling at Sally Lake during the 1960s outlined a resource of 60 million tons grading 0.2% copper (Cu), 27% iron (Fe), 5% titanium (Ti), and 5% phophorus (P) (Schneider's et at, 2004; OGS OFR 6148). The reader should be cautioned that the resources and reserve estimates are historical in nature, have not been verified by the issuer's qualified person and should not be relied upon. The historic resource and surrounding area was not assayed for platinum (Pt), palladium (Pd), or gold (Au) during the 1960s. Selected surface grab samples collected by Benton personnel in this area returned up to 0.06% Cu with 0.87gpt Pt + 3.05gpt Pd + 0.12gpt Au and 1.21% Cu with 1.73gpt Pt + 2.09gpt Pd + 0.18gpt Au.
In Area 41, previous drilling completed by Benton returned significant intersections of TPM (Total Precious Metal = Pt + Pd + Au) and Cu including hole SL-06-01 which returned 0.28% Cu with 1.27 gpt TPM (0.42gpt Pt + 0.74gpt Pd + 0.11gpt Au) and 0.28% Cu over 57.7m (metres) including a 24.6m intersection grading 0.35% Cu with 2.02gpt TPM (0.67gpt Pt + 1.17gpt Pd + 0.18gpt Au). All intervals reflect drill thickness (drill thickness).
Benton has 6 drill holes planned at the Sally Lake Deposit to evaluate the potential of the iron titanium along with the copper, vanadium and TPM's. An additional 5 holes will be drilled at Area 41 to better define the mineralized zone of copper and TPM's that were intersected in the 2006 drill program.
Results of the drilling will be released as they are received and compiled.
About Benton Resources Corp:
Benton Resources Corp. (the "Company") is a mineral exploration company listed on the TSX Venture Exchange under the symbol BTC. Benton's aggressive and experienced management team is focused on base and precious group metal exploration. The Company's diverse property portfolio includes Canadian projects which are highly prospective for gold, uranium, platinum, palladium, nickel and copper. Benton Management believes due to the current market conditions the Company is extremely undervalued. The Company currently has approximately $20 million in working capital and an extremely prospective property portfolio.
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"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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.
For further information
Stephen Stares, 3290 Willard Ave, Thunder Bay, Ontario, P7E 6J7, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: First Canadian Capital Corp., Daniel Boase, Phone (416) 742-5600, Toll Free: 1-866-580-8891
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
Benton intersects high grade nickel and gold at Armit Lake
Monday May 12, 8:00 am ET
http://biz.yahoo.com/cnw/080512/benton_armit_lake.html?.v=1
THUNDER BAY, ON, May 12 /CNW/ - Benton Resources Corp. ("Benton" or the "Company") is pleased to release partial assay results from the first phase of diamond drilling at the Company's 100% owned Armit Lake property. Results have been received for five (holes 1, 2, 7, 8, and 9) of the total thirteen drill holes completed.
The most significant results include a mineralized zone in Hole 08 that assayed 1.57% nickel (Ni) and 0.08% cobalt (Co) over 7.8 metres (m) from 32.0m to 39.8m down hole in an altered ultramafic rock unit. Within this intersection was narrower but higher grading material of 3.7% Ni and 0.2% Co over 2.55m. Hole 08 was drilled under the DC Creek nickel showing where selected surface grab samples returned up to 4.17% Ni. Hole 09, designed to test the mineralization under Hole 08 intersected 0.60% Ni over 1.5m before entering an intensely altered fault zone. The nickel tenor is quite good considering the relatively low sulphide content of 10-15%.
The second significant intersection is a new gold (Au) discovery. Hole 07, drilled 800m to the east of Hole 08, intersected a new gold zone that graded 23.03grams per tonne (gpt) Au over 1.5m at 100m down hole. The gold intersection is surrounded by a low grade halo and is hosted by a mixed and altered mafic volcanic and metasediment package containing 2-3% sulphide. Follow up drilling is needed to determine the extent and true thickness of the nickel and gold mineralization.
Drill holes 01 and 02 tested a strike extensive coincident ground magnetic and induced polarization (IP) target in the west central portion of the property. The holes were 600m apart and intersected well banded oxide and silica (chert) facies iron formation. The most significant assay came from Hole 01 that included 0.36gpt Au over 1.5m at 180m down hole in an altered ultramafic. Hole 02 drilled through the iron formation but stopped short of the altered ultramafic.
The Armit Lake property has seen limited historical exploration efforts so the new gold and nickel discoveries in the first phase of drilling are extremely significant. The Company feels that given the large size of the property and the distance between the current drill holes the potential to discover additional mineralized zones of economic interest is high. Significant results from the remaining drill holes will be released when they are received and compiled. All samples were delivered too and assayed by Accurassay Laboratories in Thunder Bay Ontario.
About Benton Resources Corp:
Benton Resources Corp. (the "Company") is a mineral exploration company listed on the TSX Venture Exchange under the symbol BTC. Benton's aggressive and experienced management team is focused on base and precious group metal exploration. The Company's diverse property portfolio includes Canadian projects which are highly prospective for gold, uranium, platinum, palladium, nickel and copper. Benton Management believes that the Company is extremely undervalued in the current market conditions. The Company currently has approximately $20 million in working capital and an extremely prospective property portfolio.
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"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking statements in this release are made pursuant to the safe
harbor provisions of the Private Securities.
For further information
Stephen Stares, 3290 Willard Ave, Thunder Bay, Ontario, P7E 6J7, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: First Canadian Capital Corp., Daniel Boase, Phone (416) 742-5600, Toll Free: 1-866-580-8891
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
Benton updates exploration plans for 2008
Friday April 4, 10:05 am ET
http://biz.yahoo.com/cnw/080404/benton_exploration_08.html?.v=1
THUNDER BAY, ON, April 4 /CNW/ - Benton Resources Corp. ("Benton" or the "Company") is pleased to announce exploration plans for the 2008 field season on Benton's projects.
BERMUDA
Benton has signed a Letter Agreement to enter into an Option and Joint Venture Agreement ("OJVA") with Marathon PGM Corporation (Marathon) in respect to the eastern portion of Benton's 100% owned Bermuda Property, now named the Bamoos/Claw Lake/Four Dam Property ("the BCF Property"). The BCF Property covers 2249 hectares and is located to the north along strike and contiguous to the Marathon PGM-Cu Project. Under the terms of the OJVA Benton will allow Marathon to earn a 60% interest in the BCF Property through work, stock issue and cash payments (see BTC NR Jan 2008). Marathon has planned an aggressive work program to start in early April.
On the western portion of the Bermuda Property, Benton continues to hold a 100% interest in the Area 41 Zone and the historical Sally and Wullie Lake Deposits. Benton is planning an extensive drill program starting in late April to delineate the Area 41 zone which has been traced for more than 900 meters in drilling and has previous drill intersections of up to 1.27 gpt TPM (Pt+Pd+Au) and 0.28% Cu over 57.5 meters (SL-06-01). The Company will also further test surface showings on the Sally Lake deposit area.
KINGURUTIK LAKE PROPERTY
Benton's joint venture partner, Teck Cominco Limited, has recently completed an airborne geophysical survey over the remaining portions of the large Kingurutik Lake nickel property located in Labrador, north of the Voisey's Bay nickel-copper-cobalt mine. Teck Cominco is operator of the joint venture and interpretation of the survey is pending.
GOODCHILD
Linecutting and pulse electromagnetic surveys (currently awaiting interpretation) have just been completed on the Goodchild nickel project located north of Marathon, Ontario. Diamond drill testing of priority targets is expected to commence in June. The Goodchild project is host to several nickel showings with grab samples assaying up to 12.6% nickel (obtained by Falconbridge/Xstrata personnel during late 2006 field season). Stillwater Mining Company is earning into the property through a Participation Agreement with Benton. Benton will remain operator of the project for the first three years of the agreement.
HOPE BROOK
At the Hope Brook gold project, all existing drill holes have been compiled and a 3d model of the mine area has been completed. Several high priority targets have been identified. The focus of early summer exploration and drilling programs will be to focus on these target areas, including the 240 Zone, which is located approximately 1.0 km southwest of the Hope Brook Deposit. Historical drill intersections on the 240 Zone include 5.43 gpt Au over 15 meters (CE-383A), 7.08 gpt Au over 5.8 meters (CE-240) and 3.88 gpt Au over 41 meters incl. 5.82 gpt Au over 12.0 meters (CE-246). A large 20 man camp is currently being permitted and this summer's work plans are moving forward rapidly. Airborne geophysics will start within a week which will help in targeting further mineralized areas on the property.
SWAYZE JV
Benton and Pacific Northwest Capital Corp. (PFN) have formed a joint venture to actively explore for nickel in the Swayze Greenstone Belt, located 60 kilometers west of Timmins, Ontario. Three large blocks of ground located in Tooms Heenan and Kenogaming Townships have been either staked or optioned and compilation of these areas is ongoing. On the Tooms property, which hosts several historical nickel showings including the Granges Showing (drill intersections of up to 0.55% Ni over 7.6 meters including 1.6% Ni over 1.6 meters), and the Tooms Ni Showing, (drill intersections of up to 0.63% Ni over 7.3 meters including 1.6% Ni over 0.88 meters (MNDM Assessment Files), an airborne VTEM survey is planned for mid May, with ground follow-up work planned for the summer. Work programs including prospecting and mapping will also be completed in early summer on the Heenan and Kenogaming properties.
BARK LAKE
The recent diamond drill program on the Bark Lake property has been completed which tested numerous ground geophysical responses. All split core samples have been submitted to Accurassay Laboratories of Thunder Bay, Ontario. The results will be released when received and compiled.
ARMIT LAKE
A diamond drill program has commenced on the Armit Lake property. The program is designed to test numerous targets as defined by ground geophysical surveys (MaxMin, magnetics, induced polarization) associated with mineralized surface showings grading up to 4.17% nickel, 1.24% copper and 25.4 g/t gold (see BTC NR March 18, 2008). Split core samples are sent to Accurassay Laboratories on an ongoing basis throughout the drill program. The results of the drilling will be released as they are received and compiled.
SAGANAGA /Q9 GOLD
Given the high price of gold and the grade of the last drill hole completed on the project (20.0m grading 5.36 gpt gold) the company considers the property to be of exceptional value. In addition Benton has discovered a new zone named the Megan vein. Recent limited selective grab samples taken during snow cover on new logging roads in the area show significant grades of up to 8.16 gpt gold and 124.85 gpt Ag (7 samples ranging from 9 to 8163ppb averaging 2700ppb Au and 1 to 124.85ppm averaging 49.35ppm Ag). This vein will be subject to spring trenching and mapping. The company has received all reports from Teck Cominco Limited who was joint-ventured with Benton until last year, and has now identified several extensive high priority lithogeochemical anomalies to follow up with. Coincidentally, the Megan Vein area coincides with one of these targets identified by Teck's ground work.
RIM PROPERTY
An airborne geophysical survey is currently underway on Benton's Rim Property located south west of the Voisey's Bay Mine in Labrador. The new data will be merged with the more recent historical archived airborne and used to focus initial exploration efforts (prospecting, stratigraphic mapping) during the upcoming field season prior to selecting diamond drill targets.
OTHER PROPERTIES
Benton is currently pursuing joint venture opportunities for the remaining projects in the Company's portfolio.
About Benton Resources Corp:
Benton Resources Corp. is a mineral exploration company listed on the TSX Venture Exchange under the symbol BTC. Benton's aggressive and experienced management team is focused on base and precious group metal exploration. The Company's diverse property portfolio includes Canadian projects which are highly prospective for gold, uranium, platinum, palladium, nickel, and copper. Benton Management believes due to the current market conditions the Company is extremely undervalued. The Company currently has approximately $20 million in working capital and a highly prospective property portfolio.
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"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 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.
For further information
Stephen Stares, 611 Montreal Street, Thunder Bay, Ontario, P7E 3P2, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: First Canadian Capital Corp., Daniel Boase, Phone (416) 742-5600, Toll Free: 1-866-580-8891, Fax (416) 742-6410
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
Benton's partner initiates drill program on the BCF property in Marathon
Wednesday March 26, 2:19 pm ET
http://biz.yahoo.com/cnw/080326/benton_drill_program.html?.v=1
THUNDER BAY, ON, March 26 /CNW/ - Benton Resources Corp. ("Benton" or the "Company") is pleased to report that the Company has been notified by its joint venture partner Marathon PGM Corporation ("MAR") that diamond drilling has started on Benton's BCF (formerly east part of the Bermuda) property north of the Marathon Cu-PGE Deposit. Benton and MAR have recently entered into a joint venture agreement to develop the project. The drilling will initially concentrate on defining the northern extension of the Marathon Deposit and incorporating the results into MAR's resource estimates. MAR has indicated that 8,000 to 10,000 metres of drilling will be completed over the next few months. Results of the drilling will be released as they are received and compiled.
Under the terms of the OJVA, MAR has the option to earn a 60% participating interest in the BCF Property by (i) issuing Benton 120,000 common shares on signing of the OJVA, subject to regulatory approval; (ii) completing work expenditures of $1.5 million per year during the first four years of the OJVA and an additional $2 million on or before the fifth anniversary and; (iii) making cash payments of $500,000 per year on or before the anniversary date of the OJVA for the first three years (for a total $1.5 million).
During the earn-in period, all work will be supervised and carried out by MAR. After MAR has issued the 120,000 shares, made the $1.5 million cash payments and spent the $8 million, Marathon will have "earned in" to 60% of the JV.
During the earn-in period MAR may mine up to 200 metres north of its property into the BCF Property. If Marathon mines any part of the BCF Property prior to the JV, MAR will receive all revenue and (i) pay all costs, (ii) pay all royalties due from the BCF Property, and (iii) pay an additional 2% NSR royalty to Benton.
After the JV is formed, MAR will be operator and any ore that is discovered on the BCF property will be mined and processed by Marathon at its facilities. Under the JV agreement, Marathon will charge the JV for all direct, indirect and overhead costs including a charge to recover its capital costs as well as a 4% management fee.
Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Corp., is the qualified person responsible for this release.
About Benton Resources Corp:
Benton Resources Corp. (the "Company") is a mineral exploration company listed on the TSX Venture Exchange under the symbol BTC. Benton's aggressive and experienced management team is focused on base and precious group metal exploration. The Company's diverse property portfolio includes Canadian projects which are highly prospective for gold, uranium, platinum, palladium, nickel and copper. The Company currently has approximately $20 million in working capital and many of its projects are being funded by Joint Venture partners such as Teck Cominco Limited, Stillwater Mining Company and junior exploration companies.
On behalf of the Board of Directors of Benton Resources Corp.
"Stephen Stares"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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.
For further information
Stephen Stares @ 3290 Willard Ave, Thunder Bay, Ont., P7E 6J7, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: In Canada: First Canadian Capital, Daniel Boase, Phone (416) 742-5600, Fax (416) 742-6410
In U.S.A.: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
Diamond drill mobilized to Armit Lake Property
Tuesday March 18, 2:32 pm ET
http://biz.yahoo.com/cnw/080318/benton_armit_lake_prp.html?.v=1
THUNDER BAY, ON, March 18 /CNW/ - Benton Resources Corp. ("Benton" or the "Company") is pleased to report that in addition to ongoing drilling at Bark Lake, a diamond drill rig has now arrived at the 100% owned Armit Lake Property and coring will start immediately. The program at Armit will encompass at least 15 drill holes for a minimum of 2000 metres and is designed to test numerous ground geophysical anomalies, magnetic and MaxMin electromagnetic (EM) conductors. Some of the EM anomalies are associated with sulphide-chert-magnetite iron formation while others are covered by overburden. Individual selected grab samples collected by Company personnel returned assays grading up to 25.4 gram per tonne gold and 1.24% copper associated with the iron formations and up to 4.17% nickel associated with ultramafic bodies in close proximity to the iron formations.
Poor access to the property has hampered historical exploration efforts however new logging roads have greatly improved access. A search of the government assessment files indicate the targets to be tested have seen virtually no historical ground work. The results of the drill program will be released as they are received.
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"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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.
For further information
Stephen Stares @ 3290 Willard Ave, Thunder Bay, Ont., P7E 6J7, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: In Canada: First Canadian Capital, Daniel Boase, Phone (416) 742-5600, Fax (416) 742-6410
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
Benton Resources Corp. (BTC) Acquires and Joint Ventures new Ni-Cu-Co property
Friday March 14, 9:51 am ET
http://biz.yahoo.com/cnw/080314/benton_resc_acquires.html?.v=1
THUNDER BAY, ON, March 14 /CNW/ - Benton Resources Corp. ("Benton" or the "Company") is pleased to report that the Company has entered into an option agreement to acquire 70% of the Portage Lake Nickel-Copper-Cobalt (Ni-Cu-Co) property located in Central Newfoundland. The property consists of seven unpatented mining licenses totaling 593 units. The project is Joint Ventured with Golden Dory Resources (GDR) which has an option to acquire the remaining 30% interest and which will be funding 30% of exploration costs. To earn its 70% interest Benton will make payments totaling $87,000 in cash and issue to the vendors 136,000 shares over 3 years. The property is also subject to a 2% NSR payable to the vendors of which Benton and GDR can buy back 1% for 1 million dollars. The property is host to several newly discovered Cu-Ni-Co showings that lie within a large mafic intrusion which has been recently identified and mapped by the Newfoundland government.
Benton believes the property geology is highly favourable for nickel-copper mineralization and is currently organizing an airborne survey to look for conductive bodies within the large intrusion. The ground work will follow as soon as weather permits to delineate diamond drill targets.
The Company also announces that it has agreed to grant 2,000,000 incentive stock options to directors, employees and consultants of the Company, exercisable at a price of $0.70 per share for a period of five years from the date of grant.
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"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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.
For further information
Stephen Stares, 3290 Willard Ave, Thunder Bay, Ont., P7E 6J7, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: In Canada: First Canadian Capital, Daniel Boase, Phone (416) 742-5600, Fax (416) 742-6410, In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
Benton Completes Option and Joint Venture Agreement with Marathon
Thursday March 13, 12:08 pm ET
http://biz.yahoo.com/cnw/080313/benton_joint_venture.html?.v=1
THUNDER BAY, ON, March 13 /CNW/ - Benton Resources Corp ("Benton", BTC:TSX.V) is pleased to announce that it has completed the Option and Joint Venture Agreement on the Bamoos Lake - Claw Lake - Four Dams ("BCF") Property with Marathon PGM Corporation ("Marathon", MAR:TSX)
Highlights:
- the planned Main Zone pit outline has been expanded by approximatel 200 m to the north
- this added resource, as well as the definition of additional resources encountered in the in-fill drilling on the Main Zone has the potential to add years to the life of mine, or to encourage a higher through-put rate than presently being considered
- Marathon now expects the definitive feasibility study to be completed by Q3 of 2008
- the BCF Property adds 4 mineralized zones and a large untested area with potential magnetite-hosted PGM mineralization
"We have just increased the mine life by eliminating the boundary pillar and adding tonnage to the Main Zone. This is a win-win situation for both Marathon and Benton as we continue to build Canada's next PGM mining district," commented Phillip Walford, Marathon's President and CEO.
BCF Property Drilling
---------------------
An 8-10,000 m drilling program will commence on the BCF property at the north end of the Marathon Main Zone within the next two weeks. The objectives are to create a resource by a combination of in-fill drilling and exploration holes along strike and down dip of known mineralization. This new resource will be added to the Main Zone resource as part of the ongoing definitive feasibility study. An additional program of prospecting, trenching and channel sampling will begin over the Magnetite and Claw Lake zones in May. Exploration of the Magnetite Zones on the BCF Property is of particular interest as it is on-strike from Marathon's PGM-bearing Magnetite Zones to the south. No resources have been developed on the BCF Property.
Current Drilling
----------------
Marathon has completed a total of 11 holes comprising 2,600 metres so far in the 2008 drilling season. This program is specifically designed to close drilling gaps and increase measured and indicated resources. Many of these gaps are in fact are more strongly mineralized than interpreted in the last resource estimation to the point of surpassing the modeled expectations. Drilling to date has been very positive, as multiple intersections of the high grade W-horizon have been discovered outside of the current resource pitshell.
Option Terms
------------
Under the terms of the OJVA, Marathon has the option to earn a 60% participating interest in the BCF Property by (i) issuing Benton 120,000 common shares on signing of the OJVA, subject to regulatory approval; (ii) completing work expenditures of $1.5 million per year during the first four years of the OJVA and an additional $2 million on or before the fifth anniversary and; (iii) making cash payments of $500,000 per year on or before the anniversary date of the OJVA for the first three years (for a total $1.5 million).
During the earn-in period, all work will be supervised and carried out by Marathon. After Marathon has issued the 120,000 shares, made the $1.5 million cash payments and spent the $8 million, Marathon will have "earned in" to 60% of the JV.
During the earn-in period Marathon may mine up to 200 metres north of its property into the BCF Property. If Marathon mines any part of the BCF Property prior to the JV, Marathon will receive all revenue and (i) pay all costs, (ii) pay all royalties due from the BCF Property, and (iii) pay an additional 2% NSR royalty to Benton.
After the JV is formed, Marathon will be operator and any ore that is discovered on the BCF property will be mined and processed by Marathon at its facilities. Under the JV agreement, Marathon will charge the JV for all direct, indirect and overhead costs including a charge to recover its capital costs as well as a 4% management fee.
Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Corp., is the qualified person responsible for this release.
About Benton Resources Corp:
Benton Resources Corp. (the "Company") is a mineral exploration company listed on the TSX Venture Exchange under the symbol BTC. Benton's aggressive and experienced management team is focused on base and precious group metal exploration. The Company's diverse property portfolio includes Canadian projects which are highly prospective for gold, uranium, platinum, palladium, nickel and copper. The Company currently has approximately $20 million in working capital.
On behalf of the Board of Directors of Benton Resources Corp.
"Stephen Stares"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward- looking statements in this release are made pursuant to the safe
harbor provisions of the Private Securities.
For further information
Stephen Stares, 3290 Willard Ave, Thunder Bay, Ontario, P7E 6J7, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: First Canadian Capital Corp., Daniel Boase, Phone (416) 742-5600, Toll Free: 1-866-580-8891
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
New airborne coverage initiated for Kingurutik Lake Ni-Co-Co Project in Labrador
Monday March 3, 10:46 am ET
http://biz.yahoo.com/cnw/080303/benton_resources_proj.html?.v=1
THUNDER BAY, ON, March 3 /CNW/ - Benton Resources Corp. ("Benton") is pleased to report that they have been notified by their joint venture partner Teck Cominco Limited ("Teck Cominco") that a 1673 line-kilometre AeroTEM II airborne survey has been started on the remaining ground not covered by last years survey on the Kingurutik Lake joint venture land package. The new airborne survey is designed to delineate conductive sources associated with nickel and copper mineralization similar to that discovered as part of the airborne follow-up program last summer.
To date a total of 324 grab samples have been collected from numerous conductive target areas identified by the 2007 survey. The selected samples from many of the targets returned encouraging nickel, copper, and cobalt values. Ground geophysical (UTEM) surveying over one of the targets, target "P", detected a strong conductive response that may form part of a future drill program. Target zones outlined by the 2007 airborne survey, which have been labeled alphabetically A through V, and rock sample results from these targets and a location map, have been posted on Benton's Web site at http://www.bentonresources.ca.
Teck Cominco is the operator of the J.V and is currently developing a follow-up exploration program for the 2008 field season. Teck Cominco can increase their interest from 50% to 60% by spending the next $4 million on exploration. Both companies remain optimistic about the potential of the project as the results demonstrate that most of the high priority electromagnetic anomalies have associated copper-nickel-cobalt mineralization at surface.
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"
Stephen Stares, President
<<
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking statements in this release are made pursuant to the
safeharbor provisions of the Private Securities.
>>
For further information
Stephen Stares @ 3290 Willard Ave, Thunder Bay, Ont., P7E 6J7, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: In Canada: First Canadian Capital, Daniel Boase, Phone (416) 742-5600, Fax (416) 742-6410
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
Benton mobilizes drill to new high grade nickel, copper, platinum and palladium discovery at Bark Lake
Friday February 22, 9:24 am ET
http://biz.yahoo.com/cnw/080222/benton_bark_lake_dril.html?.v=1
THUNDER BAY, ON, Feb. 22 /CNW/ - Benton Resources Corp. ("Benton" or the "Company") is pleased to report that the Company has mobilized a drill to the Bark Lake project. The first phase drill program will consist of 5-7 holes totaling a minimum of 1000 metres of drilling. The program will focus on testing moderate to strong induced polarization anomalies coincidental with magnetic anomalies. These anomalies lie within close proximity to high grade base and precious metal surface samples which returned individual assays grading up to 1.5% Nickel, 1.2% Copper, 2.6 grams per tonne (gpt) Platinum, 1.4gpt Palladium and 0.7gpt gold. 12 out of the 16 samples taken from the area returned results higher in Platinum than Palladium. Management believes the project has excellent potential and results of the diamond drilling program will be released as they are received.
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"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVEIWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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.
For further information
Stephen Stares, 611 Montreal Street, Thunder Bay, Ontario, P7E 3P2, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: In Canada: First Canadian Capital, Daniel Boase, Phone (416) 742-5600, Fax (416) 742-6410
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
Benton and Pacific North West to jointly explore Swayze Greenstone Belt
Tuesday February 12, 9:31 am ET
http://biz.yahoo.com/cnw/080212/benton_joint_venture.html?.v=1
THUNDER BAY, ON, Feb. 12 /CNW/ - Benton Resources Corp. (TSX.V : BTC) ("Benton") and Pacific North West Capital Corp. ("PFN") (TSX: PFN - News) are pleased to report that they have entered into a Joint Venture (JV) agreement to undertake exploration on the Swayze Nickel Project. The Swayze Joint Venture Project is situated in the Swayze Greenstone Belt, approximately 100km south-west of Timmins, Ontario and incorporates some fifty townships. The Swayze Greenstone Belt represents the western extension of the Abitibi Greenstone Belt, which is the host to numerous ultramafic-hosted Ni deposits including the producing Redstone Mine (Liberty) south of Timmins as well as the newly discovered Golden Chalice Occurrence.
The Swayze Joint Venture Project was initiated by both companies to include each of their property holdings within the project area. These holdings will continue to grow through the staking and optioning of selected properties that have the potential to host nickel, copper, and PGM mineralization within the belt. Exploration programs will be designed to identify and test priority areas within the project boundaries. The Swayze is underlain in several areas by ultramafic flows and intrusions, some of which host historical nickel showings including the Joint Ventures' Tooms Showing which has historically reported 2.5% Ni over 1.6m within a drill intersection of 0.63% Ni over 7.3 metres.
Benton Resources and Pacific North West Capital have entered into a 50% - 50% Joint Venture Agreement whereby both Companies agree to bear all expenditures and participate in a single purpose unincorporated Joint Venture for the purpose of carrying out all mineral exploration for a three year period, totaling a minimum of $1,200,000.
Benton will act as Operator for the project and will be responsible for carrying out all exploration activities.
About Benton Resources Corp:
Benton Resources Corp. is a mineral exploration company listed on the TSX Venture Exchange under the symbol BTC. Benton's aggressive and experienced management team is focused on base and precious group metal exploration. The Company's diverse property portfolio includes Canadian projects which are highly prospective for gold, uranium, platinum, palladium, nickel and copper. The Company currently has approximately $20 million in working capital.
About Pacific North West Capital Corp:
Pacific North West Capital Corp. (TSX.PFN OTCBB.PAWEF Frankfurt.P7J) is a mineral exploration company focused on Platinum Group Metals (PGMs) and Base Metals. Management's corporate philosophy is to be Project Generator, Explorer and Project Operator with the objective of option/joint venturing projects with major mining companies through to production. To that end, Pacific North West Capital's current option/joint ventures agreements are with Anglo Platinum, Stillwater Mining Company, Xstrata Nickel and SOQUEM. The company has approximately $9 million in working capital and securities with no debt.
On behalf of the Board of Directors of Benton Resources Corp.
"Stephen Stares"
Stephen Stares, President
<<
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward- looking statements in this release are made pursuant to
the safe harbor provisions of the Private Securities.
>>
For further information
Stephen Stares, 3290 Willard Ave, Thunder Bay, Ontario, P7E 6J7, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: First Canadian Capital Corp., Daniel Boase, Phone (416) 742-5600, Toll Free: 1-866-580-8891
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
Benton and Marathon PGM join forces in Coldwell Complex
Monday January 28, 9:29 am ET
http://biz.yahoo.com/cnw/080128/benton_marathon_ojva.html?.v=1
THUNDER BAY, ON, Jan. 28 /CNW/ - Benton Resources Corp. ("Benton" or the "Company") is pleased to announce that it has signed a Letter Agreement to enter into an Option and Joint Venture Agreement ("OJVA") with Marathon PGM Corporation (Marathon) in respect to the eastern portion of Benton's 100% owned Bermuda Property now named the Bamoos/Claw Lake/Four Dam Property ("the BCF Property"). The BCF Property covers 2249 hectares and is located to the north along strike and contiguous to the Marathon PGM-Cu Project. Under the terms of the OJVA Benton will allow Marathon to earn a 60% interest in the BCF Property through work, stock issue and cash payments.
The agreement is important for Benton and Marathon as: (i) Marathon's Main Zone deposit extends on to the Bamoos lease by at least 200 m and this agreement eliminates the boundary pillar that would otherwise have prevented either party from mining; and (ii) it allows the remainder of the BCF to be developed in the context of Marathon's existing plans to put its Marathon Project into production with the associated capital cost savings for infrastructure. Benton owns 100% of the BCF Property subject to an underlying 2% NSR over part of the BCF Property and a 1% NSR over the balance. After a careful review of all the data including an evaluation of the drilling to date, Benton's management believes that the best way to maximize the value of this area is to form a relationship with Marathon and to jointly develop the area. In addition to receiving immediate cash and shares of Marathon, the OJVA will allow Benton to have a possible near term cash flow as well as possible access to infrastructure and milling facilities if Marathon continues into a full operational mine. In management's view the OJVA represents an excellent opportunity for Benton's shareholders to benefit from any newly built mining infrastructure while keeping the Company's share dilution and cash spending to a minimum. The OJVA will be completed and signed as soon as practicable. Benton will continue to move forward with full exploration plans for the Area 41 zone located in the western half of the Bermuda project
The Bamoos/Claw Lake/Four Dams Property
Mineralization at Claw Lake and Four Dams has been identified based on drilling conducted by Benton. The Top Zone is a recently identified area of mineralization that straddles the property boundary. Marathon will focus on bringing the Main Zone extension on the Bamoos property to a resource during the 2008 exploration campaign. The zone has been explored by Benton through drilling and trenching, as well as by Anaconda Canada which previously explored the property in the 1960's. Marathon has all the data and drill core from the Anaconda program. Work will commence on the BCF Property in late April.
Agreement Terms of the BCF Property
Under the terms of the OJVA, Benton will grant Marathon the option (the "Option") to earn a 60% participating interest in the BCF Property by (i) issuing Benton 120,000 common shares of Marathon on signing of the OJVA, subject to regulatory approval (ii) completing Work Expenditures on the BCF Property of $1.5 million per year during the first four Option years of the OJVA and an additional $2 million on or before the fifth anniversary and (iii) making cash payments of $500,000 per year on or before the anniversary date of the OJVA for the first three years (for a total $1.5 million). During the term of the Option (the "earn-in period"), all work will be supervised and carried out by Marathon. After Marathon has issued the 120,000 shares, made the $1.5 million cash payments and spent the $8 million, Marathon will have earned a 60% in the BCF Property and the JV will be formed with Marathon having a 60% interest and Benton a 40% interest.
During the earn in period Marathon may mine up to 200 metres north of its property into the BCF Property. If Marathon does mine any part of the BCF Property prior to formation of the JV, Marathon will (i) pay all costs, (ii) pay all underlying royalties owing on the BCF Property, (iii) pay an additional 2% NSR royalty to Benton and receive all revenue.
After the JV is formed Marathon will be operator of the JV and it is agreed that any project ore that is discovered on the BCF Property would be mined and processed by Marathon at its facilities. Under the JV, Marathon will charge the J.V for all direct, indirect and overhead costs including a pro rata charge to recover its capital costs as well as a 4% management fee.
Stephen Stares, President and CEO of Benton states... "We are very excited about the deal with Marathon as they are a well rounded group of professionals that have the ability to really make this area a mining district. Whenever there are two deposits adjacent to each other that have the potential to go into production, sharing the capital costs of milling facilities and development almost invariably creates a tremendous benefit for all involved. We think this is a win/win situation for both Benton and Marathon and we look forward to the mutual advantages this relationship provides".
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"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward- looking statements in this release are made pursuant to the safe
harbor provisions of the Private Securities.
For further information
Stephen Stares, 3290 Willard Ave, Thunder Bay, Ontario, P7E 6J7, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: First Canadian Capital Corp., Daniel Boase, Phone (416) 742-5600, Toll Free: 1-866-580-8891
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
OT
INTRODUCTION
The title of this board, Peak Oil – Epochal Event of Our Lives, purposely includes the word epochal, meaning without parallel.
Why will Peak Oil be without parallel?
Look at past events in the Middle East, which interrupted the supply of oil throughout the world and especially in the United States. These disruptions were geopolitical events and were ultimately resolved with diplomacy.
Peak Oil, on the other hand, will be a geological event, something that mankind has never faced before and certainly cannot control. It will inevitably occur when mankind has consumed half of nature's oil, which is a finite resource.
Illustrated below is Hubbert's Curve, which shows the growth, peak, and decline of worldwide individual and regional wells. This sequence will occur while world population dramatically increases and as Asia, in particular, accelerates its industrialization.
Peak Oil will adversely affect many aspects of our lives. For example, over the last 100 years, gas powered engines have contributed to the discovery and expansion of the automobile and airplane industries. Recently the population of the United States reached 300 million and vehicles now total 225 million. Future population growth, with a corresponding increase in vehicles, will further deplete oil supplies.
Agriculture has changed from numerous labor and animal-intensive family farms to a machine-intensive industry controlled by corporations. Further, much of the increased productivity of farm soil emanates from petroleum-based fertilizers.
Farming and transportation are just two segments of society that must adjust to prospective oil declines. The critical question is how will our entire society adjust to a worldwide oil scarcity.
M. King Hubbert, a Shell geologist, predicted in 1956 that oil production in the United States would peak in 1970. In hindsight, it did. He also predicted worldwide oil reserves and oil production would peak between 2004 – 2010.
Mr. Hubbert's warning was given, yet it has been largely ignored. Oil discoveries and plentiful oil reserves in Alaska and the North Sea made many people complacent. In addition, new technologies were developed, so that oil was sucked up from the earth as if by giant straws. Although oil was abundant in the 1980's and 1990's, reserves in this century are in demonstrable decline.
China, in particular, recognizes the potential shortage of oil. It canvasses the world making oil deals to secure its energy future. It is also currently building 30 nuclear reactors and 7 hydroelectric dams to supplement its energy needs.
Sadly, the United States lingers behind. Its attitude seems to be that oil will always be abundant, probably because it has been in the past. Even with the dramatic crude oil price increases of the past three years, there still is a reluctance to confront this potential problem.
PURPOSE OF THIS BOARD
One purpose of this board is to provide I-Hub members with a repository of Peak Oil articles. Hopefully these will stimulate interest in the topic and I invite readers to post their thoughts.
Another important purpose of this board is to help people in preparing for or coping with the Peak Oil event. To this end, various links by category have been supplied below.
Good luck!
sumisu
=========================================================================
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
TABLE OF CONTENTS
GETTING READY FOR PEAK OIL & SUSTAINABLE LIVING
PEAK OIL READING LIST FROM JIM PUPLAVA
PEAK OIL SITES, BLOGS, & ORGANIZATIONS
NARRATIVE LINKS
M. KING HUBBERT
FSN/JIM PUPLAVA AUDIO INTERVIEWS
GOOGLE & OTHER VIDEOS
TRANSPORTATION CONSIDERATIONS
COMMUNITY SOLUTIONS & NEW URBANISM
OTHER NATIONS - STATUS FOR PEAK OIL
CHARTS OF INTEREST
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
GETTING READY FOR PEAK OIL & SUSTAINABLE LIVING
A companion board titled "PEAK OIL - SUSTAINABLE LIVING" was spun off from this board to provide an archive of postings and sources of information which will aid the community to adopt and survive in a world of declining energy resources. Please review at: http://investorshub.advfn.com/boards/board.asp?board_id=9881
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PEAK OIL READING LIST FROM JIM PUPLAVA
http://www.financialsense.com/resources/peakoil.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
PEAK OIL SITES, BLOGS, & ORGANIZATIONS
Peak Oil Clock
http://www.energyandcapital.com/peakoilclock/
Peak Oil News & Message Boards
http://www.peakoil.com/
The Oil Drum
http://www.theoildrum.com/
Energy Bulletin: Peak Oil Primer and Links
http://www.energybulletin.net/primer.php
Association for the Study of Peak Oil&Gas
http://www.peakoil.net
Dry Dipstick
http://www.drydipstick.com
Simmons & Company International
http://www.simmonsco-intl.com/research.aspx?Type=msspeeches
National Petroleum Council
http://www.npc.org
Life After the Oil Crash
http://www.lifeaftertheoilcrash.net/
The Coming Global Oil Crisis
http://www.oilcrisis.com
The View From The Peak
http://www.theviewfromthepeak.net
Energy Balance
http://ergobalance.blogspot.com/2007/02/10-commandments-guidelines-for-humanity.html
Energy Outlook
http://energyoutlook.blogspot.com/
Global Public Media - Public Service Broadcasting For A Post Carbon World
http://globalpublicmedia.com/
PeakOilDesign
http://peakoildesign.com/
Post Carbon Institute
http://www.postcarbon.org/
NEI Nuclear Notes
http://neinuclearnotes.blogspot.com/
PLENTY
http://www.plentymag.com/
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
NARRATIVE LINKS
Another Nail in the Coffin of the Case Against Peak Oil, Matt Simmons, Nov 2007
http://www.simmonsco-intl.com/files/Another%20Nail%20in%20the%20Coffin.pdf
Megaprojects update: Just how close to Peak Oil are we? 10 18 07
Chris Skrebowski: Trustee of the Oil Depletion Analysis Centre
http://www.aspousa.org/proceedings/houston/presentations/Chris%20Skrebowski%20megaprojects.pdf
Crisis, what energy crisis? Euan Mearns, The Oil Drum: Europe. 07 03 07
Over 50 links to Oil Drum articles from the past year are provided which combined provide a comprehensive overview of the issues surrounding peak oil and energy decline. http://www.energybulletin.net/31608.html
On the Precipice: Energy Security & Economic Stability on the Edge, Daniel Davis, 07 17 07
http://www.aspo-usa.com/assets/documents/Danny_Davis_On_the_Precipice.pdf
Evolutionary psychology and peak oil:
A Malthusian inspired "heads up" for humanity. by Dr. Michael E. Mills
http://www.drmillslmu.com/peakoil.htm
Peak oil: Facts converge with theory
http://tinyurl.com/2gtud4
11 incontrovertible truths of oil production & peak oil arguments by PeakEngineer, 05 23 07
http://www.investorshub.com/boards/read_msg.asp?message_id=19902674
Peak Oil, Carrying Capacity and Overshoot:Population, the Elephant in the Room, © Copyright 2007, Paul Chefurka
http://www.paulchefurka.ca/Population.html
CRUDE OIL
Uncertainty about Future Oil Supply Makes It Important to Develop a Strategy for Addressing a Peak and Decline in Oil Production, GAO Report, 03 29 07
http://www.gao.gov/new.items/d07283.pdf
DIE OFF - a population crash resource page
http://www.dieoff.com/index.html
PRESIDENT JIMMY CARTER
http://tinyurl.com/srbdp
Portland, Oregon City Council unanimously passed a resolution to create a peak oil task force - 05 10 06
http://www.portlandpeakoil.org/
Testimony before the Australian Senate by Dr. Samsam Bakhtiari, a senior expert employed by the National Iranian Oil Company (NIOC), 07 11 06
http://www.aph.gov.au/hansard/senate/commttee/S9515.pdf
The Hirsch Report - February 2005
http://www.investorshub.com/boards/read_msg.asp?message_id=10310387
The Financial Sense Energy Resource Page
http://www.financialsense.com/energy/main.htm
Financial Sense Big Picture Archive
http://www.financialsense.com/fsn/2006.html
OIL: A TRAVELOGUE OF ADDICTION by Chicago Tribune, 07 29 06
(Suggested viewing: Open link and click on Watch documentary (left-hand column)).
http://www.chicagotribune.com/news/specials/broadband/chi-oilsafari-html,0,7894741.htmlstory
Peak Oil: Gas Prices, Supply Depletion & Energy Crisis: From NewCulture.org, 07 27 06
http://www.youtube.com/watch?v=DMQd5nGEkr4&mode=related&search
Exploring emotional reactions to peak oil
by Kathy McMahon
http://www.energybulletin.net/19718.html
Denial Of Energy Crisis Is A Conditioned Response
by By Dave Wheelock
http://investorshub.advfn.com/boards/read_msg.asp?message_id=25561271
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
M. KING HUBBERT
Hubbert peak theory
From Wikipedia, the free encyclopedia
http://en.wikipedia.org/wiki/Peak_oil
A Tribute To M. King Hubbert
http://www.mkinghubbert.com/
Outlook for Fuel Reserves
http://www.mkinghubbert.com/files/hubbert_1974.pdf
Nuclear Energy and the Fossil Fuels by M. King Hubbert, 1956
Published on 8 Mar 2006 by Energy Bulletin. Archived on 8 Mar 2006.
http://www.energybulletin.net/13630.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FSN/JIM PUPLAVA AUDIO INTERVIEWS
Financial Sense Newshour (FSN): Richard Heinberg Audio Interview by Jim Puplava; 09 22 07. "Peak Everything: Waking up to the Century of Declines"
http://www.financialsense.com/Experts/2007/Heinberg.html
FSN: Matthew Simmons Audio Interview by Jim Puplava; 08 18 07, "All the Canaries Have Stopped Singing"
http://www.financialsense.com/Experts/2007/Simmons.html
FSN: Matthew R. Simmons Audio Interview; 11 25 06, Critique of the CERA Report
http://www.financialsense.com/Experts/2006/Simmons.html
FSN: Richard Heinberg Audio Interview; 10 21 06
"The Oil Depletion Protocol: A Plan to Avert Oil Wars, Terrorism and Economic Collapse"
http://www.financialsense.com/Experts/2006/Heinberg.html
FSN: Matthew R. Simmons Audio Interview; 09 30 06
http://www.financialsense.com/Experts/2006/Simmons.html
FNS:Paul Kruger, Author Audio Interview; 06 03 06
"Alternative Energy Resources: The Quest for Sustainable Energy"
http://www.financialsense.com/Experts/2006/Kruger.html
FSN: Peter Tertzakian Audio Interview; 04 15 06
"A Thousand Barrels A Second: The Coming Oil Break Point and the Challenges Facing an Energy Dependent World"
http://www.financialsense.com/Experts/2006/Tertzakian.html
FSN: The Last Oil Crisis; 03 04 06
http://www.financialsense.com/fsn/BP/2006/0304.html
FSN: Energy Roundtable - Jim Puplava, James Howard Kunstler, Richard Heinberg (Audio Discussion )- 02 18 06
http://www.financialsense.com/Experts/roundtable/2006/0218.html
FSN:"Zapata" George Blake Audio Interview; 02 04 06
"Everything But The Kitchen Sink!"
http://www.financialsense.com/Experts/2006/Blake.html
FSN:"Energy, The Big Story of 2005"
(Select December 24 - Part 1)
http://www.financialsense.com/fsn/2005.html
FSN: James Howard Kunstler Audio Interview; 10 01 05 -"The Long Emergency"
http://www.financialsense.com/Experts/2005/Kunstler.html
FSN: Matthew R. Simmons Audio Interview; 08 06 05 -"Twilight In The Desert"
http://www.financialsense.com/Experts/2005/Simmons.html
FSN: Kenneth S. Deffeyes Audio Interview; 05 21 05 -
"Beyond Oil: The View From Huppert's Peak"
http://www.financialsense.com/Experts/2005/Deffeyes.html
FSN: Michael T. Klare, Audio Interview; 01 15 05 -
"Blood and Oil: The Dangers and Consequences of America's Growing Petroleum Dependency"
http://www.financialsense.com/Experts/2005/Klare.html
FSN: Matt Savinar Audio Interview; 10 23 2004-
"The Oil Age Is Over: What to Expect as the World Runs Out of Cheap Oil, 2005-2050"
http://www.financialsense.com/Experts/2004/Savinar.html
FSN: Julian Darley, Author, Audio Interview; 09 25 2004-
"High Noon for Natural Gas: The New Energy Crisis"
http://www.financialsense.com/Experts/2004/Darley.html
FSN: Richard Heinberg Audio Interviews; 08 07 04 -"Powerdown" & 02 23 03 - The Party's Over
http://www.financialsense.com/Experts/2004/Heinberg.html
FSN: Stephen Leeb Audio Interview; 05 08 04 -
"The Oil Factor: Protect Yourself--and Profit--From the Coming Energy Crisis" (co-author with Donna Leeb)
http://www.financialsense.com/Experts/2004/Leeb.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
GOOGLE & OTHER AUDIOS AND VIDEOS
Video: A High-Risk Barrel, September 28, 2007
http://novakeo.com/?p=1054&jal_no_js=true&poll_id=10
Crude Impact 1
http://www.youtube.com/watch?v=zIps6Jd6sT4
Matt Savinar - Coast to Coast, 10/07
http://klrietmann.bingodisk.com/bingo/public/Savinarc2c111.mp3
A Crude Awakening
http://tinyurl.com/yp88uu
Matthew Simmons on Peak Oil, ASPO Conference at Boston University 10 27 06
http://video.google.com/videoplay?docid=-429585738009344102&q=peak+oil'
Peak Oil, Richard Heinberg, 09/11/06
http://video.google.com/videoplay?docid=-2141508903056009420
The Long Emergency: Surviving Catastophies of the 21st Century, 10 30 05
http://tinyurl.com/2g6p35
Real Oil Crisis - 11 24 05 (Video Presentation)
http://www.abc.net.au/catalyst/stories/s1515141.htm
The End of Suburbia (Video Promo)
http://tinyurl.com/yqztov
Radio Netherlands: The Age of Petroleum draws to a close
http://download.omroep.nl/rnw/smac/cms/earthbeat_en_071122_44_1kHz.mp3
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
TRANSPORTATION CONSIDERATIONS
A 10% Reduction in America's Oil Use in Ten to Twelve Years
An Overlooked, Practical, and Affordable Approach Using Mature Existing Technology by Alan S. Drake, May 2006 • Rev. October 2006
http://www.lightrailnow.org/features/f_lrt_2006-05a.htm
Electrification of transportation as a response to peaking of world oil production by Alan S. Drake 12 19 05 in Light Rail Now
http://www.energybulletin.net/14492.html
Public Transport Industry Issues
http://www.lightrailnow.org/industry_issues.htm#electrification
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
COMMUNITY SOLUTIONS & NEW URBANISM
The Community Solution
http://www.communitysolution.org/
WORLD CHANGING
http://www.worldchanging.com/about/
How to Wean a Town Off Fossil Fuels
http://www.worldchanging.com/archives/005135.html
A Community Solution to Peak Oil: An interview with Megan Quinn http://www.energybulletin.net/5721
Sustain Lane | The Healthy, Sustainable Living Community Resource
http://www.sustainlane.com/
Culture Change
http://culturechange.org/cms/index.php
Communities, Refuges, and Refuge-Communities by Zachary Nowak
http://www.energybulletin.net/21172.html
Karavans - Moving Toward a New World of Self-Sufficiency, Sustainability, and Genuine Community
http://www.karavans.com/peakoil.html
New Urbanism
http://www.newurbanism.org/
The New Urbanisn
http://www.newurbannews.com/AboutNewUrbanism.html
Online NewsHour - New Urbanism
http://www.pbs.org/newshour/newurbanism/
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
OTHER NATIONS - STATUS FOR PEAK OIL
Closing the 'Collapse Gap': the USSR was better prepared for peak oil than the US by Dmitry Orlov, 12 04 06
http://energybulletin.net/23259.html
The power of community: How Cuba survived peak oil
by Megan Quinn, 02 25 06
http://www.energybulletin.net/13171.html
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
CHARTS OF INTEREST
Source and worthy explanation of charts at:http://www.peakoil.com/sample/
sumisu
17 years ago
Benton Resources Corp. (BTC) Acquires New Ni-Cu Property
Thursday December 6, 1:16 pm ET
http://biz.yahoo.com/cnw/071206/benton_new_ni_cu_prop.html?.v=1
THUNDER BAY, ON, Dec. 6 /CNW/ - Benton Resources Corp. ("Benton" or the "Company") is pleased to report that the Company has entered into a binding letter of intent to acquire the Rex Lake Nickel-Copper (Ni-Cu) property located approximately 90 kilometres north of Kenora, Ontario. The property consists of eight unpatented mining claims totaling 85 units. Benton can earn 100% interest by paying $50,000 and 30,000 shares over 3 years. The property is also subject to a 2% NSR payable to the vendor, of which Benton can buy back 1% for 1 million dollars. Historic mineral deposits in the area include the past producing Gordon Lake Ni-Cu-PGE Mine, past producing Werner Lake Cu-Co-Au Mine and the Norpax Ni-Cu-PGE Deposit located along strike 15km, 19km and 24km east of the Rex Lake Property respectively.
Historical shallow diamond drilling completed by Eastern Mining and Smelting in 1956 intersected 23.9m (metres) grading 1.02% Cu and 15.1gpt (gram per tonne) combined precious metal (interpreted as silver) at approximately 60m vertically below surface. Diamond drilling completed by Falconbridge Nickel Mines Limited during the late 1980s intersected 1.17% Cu and 9.5gpt Ag over 29.5m (at approximately 50m vertical) that included 2.04% Cu and 5.3gpt Ag over 11.95m. An undercut drill hole intersected a metamorphosed ultramafic (peridotite) that yielded 22.8m grading 0.1% Cu and 0.31% Ni (at 140m vertical), suggesting better potential for nickel mineralization. All intervals are core lengths and true thicknesses are currently unknown. Surface channel sampling completed by Atikwa Minerals Limited in 2003 returned anomalous levels of platinum and palladium values (0.09 to 0.145gpt). The mineralization host is described as metamorphosed intrusive mafic-ultramafic (gabbro, pyroxenite, peridotite) units in sulphide-rich metasediments of Archean age.
Benton believes the property geology is highly favourable for nickel-copper mineralization and is currently organizing grid establishment to be followed by ground geophysics for this upcoming winter season. The ground work will be used to delineate diamond drill targets. This new acquisition conforms to Benton's focus of directing exploration efforts towards nickel-copper mineralization.
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"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities.
For further information
Stephen Stares @ 3290 Willard Ave, Thunder Bay, Ont., P7E 6J7, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: In Canada: First Canadian Capital, Daniel Boase, Phone (416) 742-5600, Fax (416) 742-6410
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
Benton Resources Corp. (BTC) receives high grade zinc results from Gem property and regains 100% interest in Saganaga / Q-9 gold project
Friday November 23, 1:11 pm ET
http://biz.yahoo.com/cnw/071123/benton_zn_gem_propert.html?.v=1
THUNDER BAY, ON, Nov. 23 /CNW/ - Benton Resources Corp. ("Benton") is pleased to report that high grade zinc assays have been received from the Ruby Hill showing on the Gem project located 140 kilometres north of Thunder Bay, Ontario. Nine grab samples taken over a 300 metre strike length along the new discovery returned zinc (Zn) values ranging from 46 to 130423 ppm (13% Zn; ppm (equal sign) parts per million), 109 to 6287 ppm nickel (0.63% Ni), and 132 to 6413 ppm lead (0.64% Pb). The Ruby Hill showing occurs in an area of multiple coincident airborne magnetic highs and EM conductors associated with Archean-aged volcanic stratigraphy. Grid establishment is now being planned to be followed by ground geophysics to better define potential diamond drill targets. A mechanical trenching program was initiated but cancelled early due to inclement weather. Four other prospected areas located and sampled 0.5 to 6 kilometres from the Ruby Hill showing are currently being compiled.
Analytical Method
All samples were submitted to ISO:17025 accredited Accurassay Laboratories of Thunder Bay, Ontario. Precious metal values were extracted using aqua regia digestion with atomic absorption finish and an inductively coupled plasma finish for multi element analyses.
Benton would also like to announce that Teck Cominco Limited has elected not to continue the option to earn in on Benton's Saganaga and Q-9 gold project thus leaving Benton with 100% interest in the project. Benton is planning a drill program to follow up on Teck Cominco's last drill hole which intersected 5.5 grams per tonne (gpt) gold over 20 metres drilled in December 2006. Another areas that Benton will follow up is the Powell vein where drilling by a previous operator intersected 30 gpt over 5.9 metres.
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"
Stephen Stares, President
<<
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking statements in this release are made pursuant to the
safe harbor provisions of the Private Securities.
>>
For further information
Stephen Stares, 3290 Willard Ave, Thunder Bay, Ont., P7E 6J7, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: In Canada: First Canadian Capital, Daniel Boase, Phone (416) 742-5600, Fax (416) 742-6410
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
Benton continues to intercept PGMs and copper on Bermuda Property north of Marathon deposit.
Wednesday November 14, 1:55 pm ET
THUNDER BAY, ON, Nov. 14 /CNW/ - Benton Resources Corp. ("Benton" or the "Company") is pleased to announce the final results from the summer exploration diamond drill program carried out in the Bamoos area of the Company's 100% owned Bermuda Property.
Results from the latest 7 diamond drill holes and previously released 12 holes completed in the Bamoos area continue to demonstrate that significant platinum, palladium and copper mineralization over considerable thicknesses extend north of the Marathon copper (Cu) and platinum group metals (PGM) deposit on to Benton's property.
Holes BO-07-51 and BO-07-55 were drilled approximately 45 meters (m) north of the Benton - Marathon PGM boundary and undercut previously released drill hole BO-07-50 (51m grading 1.56gpt (grams per tonne) total precious metals (TPM (equal sign) platinum + palladium + gold) and 0.28% copper (Cu), including higher grading sections of 2.2gpt TPM and 0.40% Cu over 24m and 5.4gpt TPM and 0.48% over 3m. Hole BO-07-51 returned 59.5m grading 0.70m (including 4.5m of 1.15gpt TPM and 0.27% Cu and 6.0m of 2.0 gpt TPM and 0.48% Cu over 6m while hole BO-07-55 returned 27.7m grading 0.88gpt TPM and 0.19% Cu including 3m of 3.84gpt TPM and 0.38% Cu.
Holes BO-07-39, 43, 46, 47 and 53 were drilled north and west of holes 51 and 55, and were designed to test for multiple mineralized zones within the thick gabbroic host unit. Of particular interest is diamond drill hole BO-07-47, collared approximately 275m north of the Benton - Marathon PGM property boundary. This hole cut two separate zones of mineralization, including an upper magnetite zone grading 1.02gpt and 0.08% Cu over 7.0m and a lower zone, interpreted as the northwest extension of the Marathon deposit main zone, which cut 41.9m grading 0.89gpt TPM and 0.36%Cu (including higher grade sections of 6m of 1.37gpt TPM and 0.33% Cu and 4.5m of 1.38gpt TPM and 0.62% Cu.
Benton is continuing to drill on the property. A total of 15 drill holes have now been completed on the Claw Lake Zone, located approximately 1.5 km north of the Marathon deposit. Previous surface grab samples from trenches on the Claw Lake Zone have returned values of up to 4.7 gpt TPM and 1.5% Cu. Results of these drill holes will be released as they are received.
Following is a table of the 7 final drill hole results:
[continued in following link]
http://biz.yahoo.com/cnw/071114/benton_bamoos_results.html?.v=1
sumisu
17 years ago
Benton Resources Corp. (BTC) receives confirmation from partner on Kingurutik Lake copper-nickel-cobalt project in Labrador
Tuesday November 13, 9:20 am ET
http://biz.yahoo.com/cnw/071113/benton_king_lake_teck.html?.v=1
THUNDER BAY, ON, Nov. 13 /CNW/ - Benton Resources Corp. ("Benton") is pleased to report that Benton has been notified by its partner Teck Cominco Limited ("Teck Cominco") that under the Kingurutik Lake (previously King Lake) participation agreement Teck Cominco has elected to exercise its right to earn a further 10% interest in the project, thereby increasing its interest to 60%, by spending the next $4 million in exploration on the project.
Benton management believes that Teck Cominco's decision continues to support the fact that the project is an exceptional Cu-Ni-Co exploration project that has the possibility to host a large magmatic Cu, Ni and Co type deposit at Kingurutik Lake where grab sample results assayed up to 6.0% Cu, 1.18% Ni and 0.26% Co associated with conductive zones on the large property. The target zones outlined by the airborne survey have been labeled alphabetically A through V and sample results for all targets, along with a location map, have been posted on Benton's Web site at http://www.bentonresources.ca.
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"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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.
For further information
Stephen Stares @ 3290 Willard Ave, Thunder Bay, Ont., P7E 6J7, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: In Canada: First Canadian Capital, Daniel Boase, Phone (416) 742-5600, Fax (416) 742-6410
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
Benton discovers new zinc showing on recently staked Gem Property
Wednesday October 24, 9:42 am ET
http://biz.yahoo.com/cnw/071024/benton_gem_zinc_found.html?.v=1
THUNDER BAY, ON, Oct. 24 /CNW/ - Benton Resources Corp ("Benton" or the "Company") is pleased to report that it has recently acquired by staking a new copper-zinc project.
Recent prospecting on the Gem Property, located north of Thunder Bay, Ontario in the Garden Lake Greenstone Belt, has identified several large gossanous outcrops with local pods of massive sulphides consisting of pyrrhotite, pyrite, sphalerite and galena mineralization. This new showing, named Ruby Hill, is currently the focus of a mechanical trenching program initiated to expose the extent and nature of the base metal mineralization.
The property is host to numerous coincident electromagnetic airborne conductive anomalies and aeromagnetic highs identified by a government geophysical airborne survey released in 2000. Conductive responses in the immediate area of the newly discovered base metal mineralization range from weak to strong and stretch for more than 1.2 kilometres along the strike of the host country rock.
Research of the government assessment files indicates that very little exploration has taken place in the area. Several diamond drill collars have been located approximately two kilometres across strike to the south of the new base metal discovery.
The Gem Property is a significant new addition to Benton's already large prospective property portfolio. Prospecting and mechanical trenching will continue with grid establishment, geological mapping, and ground geophysical surveys (magnetics and electromagnetics (MaxMin)) currently being designed. Grab samples of the mineralization have been collected and submitted to Accurassay Laboratories of Thunder Bay, Ontario. These results are currently pending and will be reported on when received.
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"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities.
For further information
Stephen Stares, 611 Montreal Street, Thunder Bay, Ontario, P7E 3P2, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: In Canada: First Canadian Capital, Daniel Boase, Phone (416) 742-5600, Fax (416) 742-6410
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
Benton discovers new high grade nickel and copper along with platinum and palladium at Bark Lake
Friday October 5, 9:51 am ET
http://biz.yahoo.com/cnw/071005/benton_resources_upda.html?.v=1
THUNDER BAY, ON, Oct. 5 /CNW/ - Benton Resources Corporation ("Benton" or the "Company") is pleased to report that initial grab sampling from the first phase prospecting program on its Bark Lake Project has identified high grade Nickel (Ni) and Copper (Cu), along with Platinum (Pt), Palladium (Pd) and Gold (Au). The new samples, which were taken approximately 200 meters to the north of the previously announced area of mineralization (BTC P.R Aug 20, 2007) has returned individual assays grading up to 1.5% Nickel, 1.2% Copper, 2.6 gram per tonne (gpt) Pt, 1.4gpt Pd and 0.7gpt Au. Twelve out of the 16 samples taken from the area returned results higher in Platinum than Palladium. Also of particular interest was the discovery of several semi-massive, net-textured sulphide boulders, with one measuring around 1 cubic metre in size and assaying 1.5% Ni. The boulders are angular in nature and believed to be located very close to source. Given the many positive indications at this early stage Benton management feels that the Bark Lake Project has good potential to host a Ni-Cu-Pt-Pd deposit of economic significance.
Through additional recent staking, Benton has more than doubled its initial land position at Bark Lake and has started an aggressive exploration program to include line cutting (now complete), followed by geological mapping, prospecting, ground geophysics including magnetics, Max-Min electromagnetics, and an induced polarization survey to be followed by diamond drilling.
The Bark Lake property is host to numerous newly discovered Ni-Cu-Pt-Pd mineralization hosted in ultramafic rock either in outcrop or among dozens of mineralized boulders. The mineralized occurrences are situated along the Quetico Fault, a major crustal-scale east west oriented structure. Several other companies including Teck Cominco Ltd, have recently taken an interest by staking and/or joint venturing mafic intrusive bodies along this same fault zone (See Pro-am Exploration (PMX) news of August 20, 2007).
Recently Announced Financing:
Further to its news releases of September 26, 2007 and September 27, 2007 Benton advises that it will also pay Westwind Partners Inc. ("Westwind") a 7% cash fee of the gross proceeds from the financing and that number of broker warrants equal to 7% of the number of units and flow-through shares issued under the financing. Each broker warrant will entitle Westwind to acquire one common share of the Company at an exercise price of $1.25 per common share expiring 18 months from the closing of the financing.
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"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVEIWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities.
For further information
Stephen Stares, 611 Montreal Street, Thunder Bay, Ontario, P7E 3P2, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: In Canada: First Canadian Capital, Daniel Boase, Phone (416) 742-5600, Fax (416) 742-6410
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
Benton continues to intercept wide zones of PGMs and copper on Bermuda Property north of Marathon deposit.
Monday September 24, 12:47 pm ET
THUNDER BAY, ON, Sept. 24 /CNW/ - Benton Resources Corp. (the "Company") is pleased to announce that it has received assay results for an additional four diamond drill holes from the Bamoos area of the Company's 100% owned Bermuda Property.
The latest drilling continues to intersect significant Platinum Group Metals (PGMs) and copper (Cu) mineralization on the south part of the Bamoos claim block, which is located on strike and immediately north of Marathon PGM Corp.'s Marathon deposit.
Hole BO-07-50 cut 51 metres grading 1.56gpt (grams per tonne) total precious metals (TPM (equal sign) platinum + palladium + gold) and 0.28% copper, including higher grade sections of 2.2gpt TPM and 0.40% Cu over 24 metres and 5.4gpt TPM and 0.48% over 3 metres. BO-07-50 is located approximately 40 metres north of the Marathon PGM - Benton property boundary and 50 metres south of the previously announced hole BO-07-48 (Sept 10, 2007 press release), which cut 1.91gpt TPM and 0.31% Cu over a 33 metre core length, including 6.0 metres grading 3.7gpt TPM and 0.21% Cu.
Results have also been received for holes BO-07-36, 37 and 38, drilled approximately 500 metres north of the Marathon PGM - Benton property boundary. Hole BO-07-38 cut 9.55 metres grading 1.52 gpt TPM and 0.40% Cu. Hole BO-07-37, collared 60m east of hole 38, intersected 4.5 metres grading 0.78 gpt TPM and 0.12% Cu. Hole BO-07-36, located approximately 60 metres east of hole 37, was collared too far east and did not intersect the gabbro target.
Benton is eagerly awaiting results of the remaining drill holes, including holes BO-07-33, 46 and 47, which were drilled approximately 200 metres to the south of hole BO-06-20 (Benton's best hole to date). BO-06-20 cut 1.25gpt TPM and 0.58%Cu over 102 metres.
An autumn drilling program is scheduled to start up within 10 days. Approximately 6000 metres out of the scheduled 10,000 metre diamond drilling program has now been completed for the Bamoos area.
Following is a table of the four new drill holes:
[table included in following link]
http://biz.yahoo.com/cnw/070924/benton_drill_results.html?.v=1
sumisu
17 years ago
Benton intercepts wide zones of PGMs and copper on Bermuda Property north of Marathon deposit
Monday September 10, 12:20 pm ET
THUNDER BAY, ON, Sept. 10 /CNW/ - Benton Resources Corp. (the "Company") is pleased to announce that it has received assay results from the first 11 diamond drill holes on the Bamoos area and 3 holes from the Wullie Lake area at the Company's 100% owned Bermuda Property. The results continue to show that the large system of PGM (Platinum Group Metals) and copper mineralization situated on Benton's property has potential to host a significant resource.
The latest results are very encouraging and primarily come from a 3 hole fence drilled 100 meters north of the Marathon PGM Corp's main deposit. Diamond drill hole BO-07-48 intercepted 1.91gpt (grams per tonne) TPM (Total Precious Metals (equal sign) platinum + palladium + gold) and 0.31% Cu (Copper) over a 33 metre core length, which included 6.0 metres grading 3.7gpt TPM and 0.21% Cu. Hole BO-07-49, collared 100 metres behind (to the west) of BO-07-48, returned 0.918 gpt TPM and 0.19% Cu over a 53.6 metre core length, including 13.5 meters grading 1.49 gpt TPM and 0.34%Cu. In addition, hole BO-07-54 was collared 250 metres behind (to the west) of hole BO-07-48 and intersected 2.19gpt TPM and 0.31% Cu over 23.45 metres, including 4.27gpt TPM with 0.38% Cu over 4.50 metres. All three holes were drilled at an azimuth of 090 degrees with dips at -50 degrees.
Hole BO-07-30, drilled 500 metres to the north of the Marathon Deposit, cut 13.5 metres grading 1.26gpt TPM and 0.10% Cu.
Benton has now completed approximately 6000 metres out of the scheduled 10,000 metre diamond drilling program for the Bamoos area. Drilling has been temporarily halted and the Company is compiling all received and incoming data before planning the next series of holes. More results from the current drill program are expected to be announced shortly.
Recently Marathon PGM Corp (MAR) has undertaken a full feasibility study on the Marathon deposit, which now has a measured and indicated resource of 2.6 million ounces TPM and 462 million pounds of copper (MAR P.R Feb 19, 2007), with a production decision expected soon. That deposit has been drill tested up to Benton's south boundary and Benton management believes that the northern extension of MAR's deposit has been outlined on the Bermuda property.
At the Bermuda property's Wullie Lake area, located approximately 10km to the west of the Bamoos drilling, the company drilled 3 holes from 2 widely spaced set ups. All thee holes intercepted thick zones of copper mineralization grading up to 0.26% over 33 metres, including 14.5 metres grading 0.44% copper. The Company is currently assessing the data to determine the next phase of drilling around Wullie Lake.
The Company is also currently in negotiations for a 10,000 metre diamond drill contract for the Sally Lake and Area 41 targets located approximately 13km west of the Bamoos area. Drilling by Benton at Area 41 in December 2006 intersected 68 metres grading 1.25gpt TPM and 0.28% copper. Following is a table of new drill results from the Bamoos and Wullie Lake areas. All Samples were submitted to Accurassay Laboratories in Thunder Bay, Ontario.
List of drill holes:
[continued in following link]
http://biz.yahoo.com/cnw/070910/benton_pgms_bermuda.html?.v=1
sumisu
17 years ago
Benton Resources Corp. (BTC) receives new results from the King Lake copper-nickel-cobalt project in Labrador
Wednesday September 5, 10:07 am ET
http://biz.yahoo.com/cnw/070905/benton_king_lake_proj.html?.v=1
THUNDER BAY, ON, Sept. 5 /CNW/ - Benton Resources Corp. ("Benton") is pleased to report the first batch of assays for grab samples collected from several conductive zones on the King Lake property in Labrador where it is in partnership with Teck Cominco Limited ("Teck Cominco"). The results confirm the occurrence of copper, nickel and cobalt mineralization on five separate zones being explored by the joint venture.
A total of 73 grab samples were collected from five conductive areas identified by an AeroTEM survey completed in April 2007. The conductive zones outlined by the airborne have been labeled Targets P, Q, S, G, and D. A summary of highlights follows:
Target P: 39 samples collected from a 700 metre by 300 metre zone returned assays grading up to 2.25% copper (Cu), 0.93% nickel (Ni), and 0.14% cobalt (Co). These significant results are consistent with the first four King Lake samples reported by Benton on July 18, 2007, which were also taken from this target area.
Target Q: 27 samples collected in two groups. The samples were gathered from two separate linear zones, 300 metres apart, with each zone measuring approximately 200 metres by 30 metres. Assays from Target Q graded up to 1.97% Cu, 0.70% Ni and 0.13% Co.
Target S: 3 samples collected from a 150 metre by 75 metre zone returned assays grading up to 1.90% Cu, 0.22% Ni and 0.14% Co. Samples from Target S also returned the highest gold and silver values at 674 ppb and 4.82 ppm respectively.
Target G: 2 samples collected 5 metres apart returned assays grading up to 1.00% Cu, 1.18% Ni, and 0.15% Co. The highest platinum (Pt) and palladium (Pd) values came from these two samples, including 239 ppb Pd and 115 ppb Pt.
Target D: 2 samples collected 10 metres apart returned assays grading up to 0.24% Cu, 0.85% Ni and 0.06% Co.
In addition to the above areas, a single sample was collected from a showing discovered in the mid-1990s by Castle Rock Exploration ("CRE"). This showing is situated 6 km due south of Targets D and G and 10 km east of Targets P and Q. Assays from four samples reported by CRE contained values of 0.22% to 0.78% Cu and 0.23% to 0.86% Ni. This showing did not appear to have a conductive response based on the new AeroTEM survey and the single sample recently collected by Benton and Teck Cominco personnel returned 0.22% Cu, 0.49% Ni, and 0.04% Co.
Please visit Benton's website at www.bentonresources.ca for a complete table of all assay results and to view a map showing locations of the various conductive zones and samples taken.
Benton and Teck Cominco remain excited about the project as the results demonstrate that most of the high priority electromagnetic anomalies have associated copper-nickel-cobalt mineralization. Benton and Teck Cominco are now in the process of mobilizing a ground geophysics crew to the property to better define some of the large conductive zones and to prioritize potential diamond drill targets. A second batch of grab samples collected from the property has been submitted for assay and will be reported on when received.
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"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking statements in this release are made pursuant to the safe
harbor provisions of the Private Securities.
For further information
Stephen Stares @ 3290 Willard Ave, Thunder Bay, Ont., P7E 6J7, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: In Canada: First Canadian Capital, Daniel Boase, Phone (416) 742-5600, Fax (416) 742-6410
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
Benton options new high grade platinum-palladium discovery
Monday August 20, 12:49 pm ET
http://biz.yahoo.com/cnw/070820/benton_res_discovery.html?.v=1
THUNDER BAY, ON, Aug. 20 /CNW/ - Benton Resources Corporation ("Benton" or the "Company") is pleased to report that it has entered into an option agreement with Joseph Hackl Sr. and Joseph Christopher Hackl Jr. (the "Vendors") whereby, subject to regulatory approval, the Company has the right to earn a 100% interest in the mineral claims referred to as the Bark Lake claims located in northern Ontario (the "Property").
Under the terms of the option agreement, the Company must make cash payments totaling $59,000 and issue 40,000 common shares over a three year period. The Property is subject to a 2% NSR royalty, half of which (1%) may be purchased by the Company for $1,000,000.
The Bark Lake property is host to numerous newly discovered platinum (Pt), palladium (Pd), gold (Au), copper (Cu) and nickel (Ni) showings consist of mineralized ultramafic rock either in outcrop or dozens of mineralized boulders. The mineralized occurrences are situated along the Quetico Fault, a major crustal-scale east west oriented structure.
Grab samples have returned grades up to 4.35gpt Pd, 2.64gpt Pt, 0.74gpt Au, 1.2% Cu, 0.5% Ni by the Vendors. Samples collected by Benton personnel have confirmed significant precious and base metals across the project area. Benton is currently scheduling prospecting, mapping, line-cutting and ground geophysics.
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"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities.
For further information
Stephen Stares, 611 Montreal Street, Thunder Bay, Ontario, P7E 3P2, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: In Canada: First Canadian Capital, Daniel Boase, Phone (416) 742-5600, Fax (416) 742-6410
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
--------------------------------------------------------------------------------
Source: Benton Resources Corp.
sumisu
17 years ago
Benton Resources Corp. (BTC) receives confirmation of additional ground acquisition from partner on the King Lake project in Labrador
Wednesday August 15, 11:05 am ET
http://biz.yahoo.com/cnw/070815/benton_resources_acq.html?.v=1
THUNDER BAY, ON, Aug. 15 /CNW/ - Benton Resources Corp. ("Benton") has received notification from its partner Teck Cominco Limited ("Teck Cominco") that they have elected to participate and add the 788 claim units recently staked by Benton to the King Lake Project. The Property now totals 1793 contiguous claims contained in an area measuring approximately 30 by 15 kilometres in size. This additional ground is subject to the terms and condition of Benton's and Teck Cominco's original agreement.
Benton and Teck Cominco completed an initial exploration program of prospecting and mapping in July and are currently awaiting results. Four grab samples collected and submitted by Benton's management from the King Lake project in June verify that copper, nickel and cobalt mineralization is associated with a the large conductive anomaly and coincident gossanous zone (PR dated June 7, 2007). The four samples returned values ranging from 0.43 to 2.02% copper, 0.06 to 0.86% nickel, and 0.07 to 0.11% cobalt. Benton and Teck Cominco are currently planning the next exploration phase consisting of ground geophysics and additional geological mapping.
The King Lake Nickel project is located 60 km north of the world class Voisey's Bay nickel deposit in Labrador and is host to numerous, high-grade nickel-copper showings that have returned up to 6.8% copper and 1.9% nickel.
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"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities.
For further information
Stephen Stares @ 3290 Willard Ave, Thunder Bay, Ont., P7E 6J7, Phone (807) 475-7474, Fax (807) 475-7200, www.bentonresources.ca
Investor relations: In Canada: First Canadian Capital, Daniel Boase, Phone (416) 742-5600, Fax (416) 742-6410
In U.S.A: The Windward Agency, Kelly Boatright, Phone (704) 588-8600
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Source: Benton Resources Corp.
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