Benton intersects more high grade gold on Block A property
Thu Jun 25, 8:30 AMTSX-V: BTC
THUNDER BAY, ON, June 25 /CNW/ - Benton Resources Corp (BTC: TSX.V, "Benton" or "the Company") is pleased to announce that results for the remaining five drill holes GH09-01 and GH09-04 to GH09-07 have now been received on the Golden Harp Block A option located 30 km west of Gowganda, Ontario. The purpose of the drill program was to verify gold (Au) mineralization intersected in historic drilling on the Cook Zone as well as to test the continuity of the mineralization at depth and on strike.
The Company is pleased with the results of the diamond drill program that produced several excellent intercepts such as GH09-01: 8.5 metres (m) grading 5.03 gram per tonne (gpt) Au and GH09-06: 3.0m grading 21.41 gpt Au, including 1.5 metres of 40.2 gpt Au. These intersections complement the drill results released last week (Benton PR June 18, 2009) such as GH09-02, which cut a down-hole intercept of 5.5m grading 11.9 gpt Au. This successful drill campaign contributes to the understanding of the geometry, geology, and control of the gold mineralization and will be used to help plan the next drill program.
Table of assay composites for the first holes received is as follows:
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Drill Hole From (m) To (m) Length (m) Au (gpt)
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GH09-01 204.9 234.3 29.4 2.10
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includes 214.1 222.6 8.5 5.03
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includes 220.1 222.6 2.5 10.73
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GH09-04 125.7 127.2 1.5 2.62
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and 143.5 145.1 1.6 2.13
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and 166.7 169.4 2.7 1.19
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GH09-05 196.5 204.0 7.5 0.69
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includes 201.0 202.5 1.5 1.72
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GH09-06 174.5 177.5 3.0 21.41
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includes 176.0 177.5 1.5 40.20
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GH09-07 122.0 123.3 1.3 1.5
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Surface exploration is well underway with the establishment of a 41 kilometre (km) grid. Ground geophysics (magnetics and induced polarization) and a soil sampling survey are currently in progress. Follow-up prospecting and geological mapping will begin in early July. The new grid extends southeast from the Cook Zone through to the MC Zone discovered by Golden Harp in 2008. The MC Zone, located 1.3 km east-southeast of the Cook Zone, is hosted in a thick package of pyritic, green carbonate, albite and hematite altered ultramafic and mafic volcanic rocks. To date five holes have tested the MC Zone over a strike length of 220m. All holes intersected widespread anomalous gold mineralization with some of the better down hole mineralized intervals returning 44.0m of 0.89 gpt Au (including 2.0m of 4.01 gpt Au) from hole GH-025 and 9.0m of 3.6 gpt Au (including 2.0m grading 14.29 gpt Au) from hole GH-019. After completion of the current and follow-up ground work is compiled the data will be used to help devise a second phase diamond drill program. Benton is earning up to a 70% interest in the project by spending $3.0 million on exploration along with issuing cash and shares (Benton PR March 12, 2009).
Benton currently has approximately $13.5 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"
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.
ContactsStephen Stares @: 611 Montreal StreetThunder Bay
ON
P7E 3P2
Phone (807) 475-7474
Fax (807) 475-7200
www.bentonresources.com Investor relations: In Canada: First Canadian Capital
Daniel Boase
Phone (416) 742-5600
Fax (416) 742-6410
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