Benton Resources Completes Heliborne Magnetic Survey at the Panama Project
Thunder Bay, May 16, 2019 - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') today announced that it has completed a 1,913-line kilometre, High-Resolution Heliborne Magnetic Survey over the entire Panama Lake Project.
The survey will be a valuable tool in delineating structure and lithological contacts, two very important features which control gold mineralization throughout the Red Lake District. Benton will use this survey to prioritize targets for summer exploration as the Company plans to focus most of its field season on exploring the Panama, Slate Lake and Ben Lake Zones at the Panama Project.
New Website and Branding
Benton would also like to announce that it has released a new user- and mobile-friendly website (www.bentonresources.ca) with updated corporate materials to reflect the Company's new branding.
The Company would like to acknowledge the Province of Newfoundland and Labrador for their continued support of the Company through the Junior Exploration Assistance Program. As an applicant of the program, Benton received a $9,525 grant to subsidize the exploration work performed on the GNP Property located on the Northern Peninsula of Newfoundland.
On behalf of the Board of Directors of Benton Resources Inc.,
Stephen Stares, President
About Benton Resources Inc.
Benton Resources Inc. is a well-funded Canadian-based project generator with a diversified property portfolio in Gold, Silver, Nickel, Copper, and Platinum group elements. Benton holds multiple high-grade projects available for option which can be viewed on the Company's website. Most projects have an up-to-date 43-101 Report available.
Parties interested in seeking more information about properties available for option can contact Mr. Stares at the number below.
For further information, please contact:
Stephen Stares, President & CEO
CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079 x231
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 Ltd.; 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.
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