Benton Resources Corp. ((TSX VENTURE:BTC) ("Benton") and Royal Roads Corp. (TSX
VENTURE:RRO) ("Royal Roads") announced results from a recently completed
four-hole diamond drilling program designed to test the recently discovered
Portage Nickel-Sulphide Prospect on the Long Range property in central
Newfoundland. The 265 metre program was undertaken as a shallow test of trenched
bedrock mineralization where recent sampling returned assays up to 2.70% nickel,
0.58% copper and 0.24% cobalt in grab samples, as well as sawed channel samples
assaying up to 2.18% nickel, 0.19% copper and 0.11% cobalt over 1.0 metre. Three
of the holes intersected mineralization including an intersection of 1.36%
nickel, 0.36% copper and 0.039% cobalt over a 1 metre core length. Highlight
assay results for these three holes are presented in the table below. Assay
results for the fourth hole are not yet available, but are not anticipated to
return significant base metal mineralization. 




----------------------------------------------------------------------------
                                     Intercept
                     From                Width
Hole                   (m)    To (m)        (m)      Cu%       Ni%       Co%
----------------------------------------------------------------------------
LR-09-03             12.0      24.0       12.0     0.13      0.31     0.016
----------------------------------------------------------------------------
 Including           23.2      24.0        0.8     0.35      0.93     0.043
----------------------------------------------------------------------------
LR-09-04             10.0      22.0       12.0     0.22      0.44     0.016
----------------------------------------------------------------------------
 Including           14.0      20.0        6.0     0.27      0.63     0.021
----------------------------------------------------------------------------
 Including           18.0      18.5        0.5     0.28      1.00     0.027
----------------------------------------------------------------------------
 Including           18.5      19.0        0.5     0.44      1.72     0.050
----------------------------------------------------------------------------
LR-09-05              3.5      11.5        8.0     0.20      0.21     0.006
----------------------------------------------------------------------------



The drill program targeted mineralized gabbro containing 5 to 15% disseminated
sulphides and a 10 to 15 centimetre thick sulphide-rich band with approximately
30-40% pyrrhotite and pentlandite and lesser chalcopyrite exposed by recent
trenching. Sawed channel samples taken across the sulphide-rich band including
adjacent gabbro returned assays of up to 2.18% nickel, 0.19% copper, and 0.11%
cobalt over 1 metre, while a grab sample of the band assayed 2.70% nickel, 0.58%
copper and 0.24% cobalt. Channel samples taken from adjacent gabbro also
returned favourable assays, including 0.40% nickel, 0.19% copper, and 0.17%
cobalt over 1 metre. The sulphide-rich band was exposed over a minimum strike
length of 5 metres and likely continues under overburden to the east and west.
This band is also believed to be correlative with a weak VTEM conductive anomaly
estimated to have a minimum strike length of 200 metres. This anomaly is
considered to be more extensive than previously defined, as the conductor
appears to be screened by conductivity associated with overhead power lines.
Please visit our website (www.royalroadscorp.ca) for a map and photographs of
the mineralization exposed in the trench. 


Interpretation of the drill results suggest the sulphide-rich band represents
one of several sulphide-rich segregations within the gabbro as similar sections
of sulphide-rich gabbro were intersected in hole LR-09-03 between 23.2 and 24.0
metres, and in hole LR-09-04 between 18.0 and 19.0 metres. Each of the four
holes was drilled along a single section line. Hole LR-09-03, was drilled at an
angle of 45 degrees towards azimuth 315 degrees and collared 55 metres southeast
of the mineralized zone. LR-09-04 was drilled at an angle of 45 degrees towards
azimuth 135 degrees, and collared 16 metres northwest of the targeted
mineralized zone. Hole LR-09-05 was drilled vertically into the mineralized
zone, but was unsuccessful in coring the sulphide-rich band as the bedrock was
found to be too oxidized and crumbly to allow recovery in core. Hole LR-09-06
was collared vertically, 20 metres southeast of the zone and intersected only
weakly mineralized gabbro (assays pending). 


Management's Opinion

Will Felderhof, President and CEO of Royal Roads stated, "We are very excited
about these initial drill results as we believe the style and tenor of the
mineralization in these drill intercepts, and channel samples may reflect nickel
mineralization high up in a magmatic nickel sulphide system similar to the
Voisey-Bay deposit, except in much younger rocks. This points to a potential
massive sulphide deposit at depth which according to the accepted model should
show higher nickel tenors. In addition to targeting a potential high grade
underground deposit, further drill programs will test for a potential bulk
tonnage style of deposit somewhat similar to the Aguablanca deposit being mined
by Lundin Mining in Spain. The gabbro body being explored has never been
explored before and measures approximately 20 km by 5 km. We think this is a
very exciting development and look forward to continuing the exploration effort
on this new discovery." 


Future Exploration

Royal Roads and Benton are encouraged by these initial results from the Portage
Nickel prospect and are currently planning further exploration work consisting
of, line cutting and deep-seeking, electromagnetic geophysical surveys over the
Portage Nickel prospect and surrounding area to explore for accumulations of
nickel-rich massive sulphides. This work is expected to commence later this
month and will likely extend into 2010. The Companies are also planning a
comprehensive exploration program for 2010 that will include additional diamond
drilling of the Portage Nickel prospect and adjacent conductive anomalies as
well as further drilling to test the joint venture's Range Zone discovery where
the companies recently intersected semi-massive to massive sulphides assaying
0.39% copper and 0.032% cobalt over 29.11 m (estimated true width). The
Companies also anticipate undertaking airborne geophysical surveys over recently
staked properties comprising over 180 km2 in five additional properties covering
other nearby prospective gabbro bodies. Details will be released once programs
and budgets have been finalized. 


Background

The Long Range joint venture controls 1,674 map staked claims in central
Newfoundland covering an area of 41,850 hectares (418.5 km2). 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. The project is a 50/50 joint venture between
Royal Roads and Benton with Royal Roads as the operator. Portions of the
property are subject to net smelter royalties of up to 2%, of which 1% can be
purchased for $1 million and are also subject to underlying option agreements
requiring cash payments and share issuances for the joint venture to earn a 100%
interest. 


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 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 Ni, 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. 


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), holds an approximate 5% interest in Marathon PGM Corp (TSX:
MAR.TO) 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. 


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.


Wolf Resource Development Corporation (TSXV:RRO)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Wolf Resource Development Corporation Charts.
Wolf Resource Development Corporation (TSXV:RRO)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Wolf Resource Development Corporation Charts.