Benton Resources Receives Airborne Data and Initiates Work at Panama Project in the Red Lake Mining District
Thunder Bay, June 13, 2019 - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has received data from its recently flown high-detail airborne magnetic survey and has identified several high priority targets for immediate follow-up. Of particular interest is a distinct fold that extends over 600 m west from the known mineralization at the Panama Zone. This fold zone has not been previously mapped and is one of many structural features identified by the geophysical survey which Benton will inspect in the field.
Benton will collect soil samples, prospect and map this area along with other high priority targets this summer. Further evaluation of the detailed airborne is currently underway and other targets will be followed up on when received. The Panama project is host to some of the highest unsourced gold grains (107 grains) in glacial till discovered by the Geological Survey of Canada, 1999 (Open File 3038).
Benton is also pleased to be presenting the project this Friday at the CIM Exploration Roundup in Red Lake, ON.
Highlights from Benton's recently released Phase I drill program are as follows:
|PL-19-01||79.6||87.2||7.6||1.58||1.58 g/t over 7.6 m|
|incl||79.6||84.3||4.7||2.34||2.34 g/t Au over 4.7 m|
|PL-19-02||148.5||155||6.5||1.23||1.23 g/t Au over 6.5 m|
|PL-19-03||79.6||85.4||5.8||1.21||1.21 g/t Au over 5.8 m|
|incl||82.4||84.4||2||2.55||2.55 g/t Au over 2 m|
|PL-19-04||72.8||78.6||5.8||1.07||1.07 g/t Au over 5.8 m|
|incl||75.8||78.6||2.8||1.67||1.67 g/t Au over 2.8 m|
|PL-19-05B||77.5||93.6||16.1||0.57||0.57 g/t Au over 16.1 m|
|incl||89||91||2||2.07||2.07 g/t Au over 2 m|
|PL-19-06||82||83||1||0.427||0.427 g/t Au over 1 m|
|PL-19-07||35.4||36.4||1||0.563||0.563 g/t Au over 1 m|
|PL-19-08||270.5||279||8.4||0.18||0.18 g/t Au over 8.4 m|
|PL-19-09||100||102||2||0.425||0.425 g/t Au over 2 m|
Note: Reported intercepts are core lengths not true widths.
To view an enhanced version of Figure 1, please visit:
Nathan Sims (P.Geo.), Senior Exploration Manager for Benton Resources Inc., the 'Qualified Person' under National Instrument 43-101, has approved the scientific and technical disclosure in this news release and prepared or supervised its preparation.
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. Many 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
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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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