THUNDER BAY, ONTARIO–(Marketwired – Nov. 22, 2016) – Benton Resources Inc. (TSX VENTURE:BEX) (the “Company”) is pleased to announce that the prospecting and mechanical trenching program at its 100%-owned Iron Duke gold project has returned encouraging initial results. Grades of selective grab samples ranged from trace to 64.1grams per tonne (gpt) gold (Au) and composite channel samples returned 8.17gpt Au over 1.8 metres (m) and 6.68gpt over 2m. Five trenches were completed over a strike length of 260m and all uncovered anomalous gold values, providing evidence that the system is open in both directions. The gold values are associated with silicified altered volcanics and meta-sediments with abundant pyrite and arsenopyrite mineralization. Due to the onset of winter, the Company couldn’t complete washing and detailed mapping which will be completed in the spring when weather permits.
Assays for the initial channel samples are listed below:
| Trench A | 0.52g/t over 5.4m | ||||
| Trench B | 0.43g/t over 2m | ||||
| Trench C | 8.17g/t over 1.8m | ||||
| 6.68g/t over 2m | |||||
| Trench D | 4.19g/t over 1.7m | ||||
| 1.55g/t over 3.8m | |||||
| incl | 1.90g/t over 2.1m | ||||
| Trench E | 0.92g/t over 3.3m | ||||
| 0.98g/t over 3m |
Stephen Stares, Company President and CEO commented, “We are pleased with these initial results and believe these gold values show the potential of this early stage gold project. This will provide Benton with the initial data to plan drill holes and advance the project accordingly.”
About Benton Resources Inc. (TSX VENTURE:BEX)
Benton Resources Inc is a well-funded Canadian-based junior with a diversified property portfolio in Gold-Silver, Nickel, Copper, and Platinum group elements.
Clinton Barr, PGeo, Vice-President of Exploration for Benton Resources Inc., is the qualified person responsible for this release and has prepared, supervised and approved the preparation of the scientific and technical disclosure contained within the release.
On behalf of the Board of Directors of Benton Resources Inc.,
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.”
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company’s prospects, properties and business detailed elsewhere in the Company’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company’s expectations or projections.
684 Squier St
Thunder Bay, ON P7B 4A8
Phone (807) 475-7474
Fax (807) 475-7200
www.bentonresources.ca
Investor Relations:
Renmark Financial Communications Inc.
Bettina Filippone
[email protected]
Tel.: (416) 644-2020 or (514) 939-3989
www.renmarkfinancial.com
