THUNDER BAY, ONTARIO–(Marketwired – Oct. 26, 2016) – Benton Resources Inc. (TSX VENTURE:BEX) (“Benton” or “the Company”) is pleased to announce that Benton has staked 20 claims located 2.5km along trend and contiguous to Altius Minerals’ (“Altius”) Alder Zone. Benton acquired the ground through a recent staking rush and was fortunate enough secure a favourable land position prior to other competing parties who were pursuing the same claim package. On September 20, 2016 (see Altius PR), Altius announced the discovery of wide-spread and high-grade gold occurrences on their Wilding Lake Project, containing the Alder Zone, located northeast of Marathon’s Valentine Lake deposits. The discoveries are described by Altius as follows:
“Mineralization at the Alder Zone occurs as coarse, free gold in association with chalcopyrite, rare scheelite, and gold-silver telluride, in association with tourmaline bearing quartz veins. One hundred and seven cut channel samples collected to date from outcrop in trenches have yielded uncut gold values ranging up to 13.9 g/t over 4.0 m, 5.4 g/t over 3.6 m, and 49.3 g/t over 4.6 m (including 279 g/t gold over 0.9 m). Several additional gold occurrences in outcrop and float have also been discovered by reconnaissance prospecting along trend up to 3.5 km away from the Alder Zone. Also, two initial grab samples from a recently exposed pyrite-bearing shear zone occurrence named Jigger, located 15.2 km to the northeast, have returned results of 8.4 and 19.7 g/t gold in grab samples.”
Benton will deploy prospectors to the project shortly in order to evaluate the geology, mineralization and overall potential of the project.
In addition, Benton would like to announce that it has staked an additional 4 claims to increase the size of its recently acquired Iron Duke project to 91 units in aggregate. Trenching is currently underway to open the areas where the Company obtained anomalous gold values including areas where sampling returned grades from trace up to 20 g/t Au in grab samples. Results of this program will be released once received and compiled by the Company.
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 (P.Geo.), V.P. Exploration for Benton Resources Inc., is the qualified person responsible for this 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.
Stephen Stares
(807) 475-7474
(807) 475-7200 (FAX)
www.bentonresources.ca
Investor Relations: Renmark Financial Communications Inc.
Bettina Filippone
(416) 644-2020 or (514) 939-3989
[email protected]
www.renmarkfinancial.com
