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Benton Drilling Intersects Gold in the PW Zone at Cape Ray

18.09.2014  |  Marketwired

THUNDER BAY, ONTARIO--(Marketwired - Sep 18, 2014) - Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") is pleased to announce that drilling has confirmed the potential for discovering additional gold resources on its 100% owned Cape Ray gold project located in southwest Newfoundland along the Cape Ray fault. Results from the recent diamond drill program have significantly increased the potential of the PW zone which has returned grades of gold and silver with base metal credits. The PW zone is situated west of the 51 Deposit and is considered the eastern strike extent of the Windowglass Hill granite and mineralization. Highlights from the PW zone include DDH PB14-387 that intersected 7.01gpt Au with 16.7gpt Ag over 3.5m within a larger envelope of 2.42gpt Au with 10.4gpt Ag over 12.1m. Another 180m along strike to the west DDH PB14-385 intersected two intervals grading 5.03gpt Au with 14.8gpt Ag over 1.6m and 4.9gpt Au and 3.6gpt Ag over 1.5m within a larger mineralized envelope grading 0.56gpt Au with 1.9gpt Ag over 50.3m (all widths presented above are core length). The Company believes that the PW zone could represent the next new resource within the Cape Ray gold project and may increase the current historically outlined gold resources. To date the Company has completed a total of 15 exploratory drill holes testing various geophysical (IP / resistivity) and geochemical (lithogeochemical and soils) precious and base metal anomalies of which several remain to be evaluated. Assays for several holes in the current program are still pending and will be released once the Company has received and compiled the results. Benton is currently planning the next phase of exploration and drilling which is anticipated to commence soon. A table of results and a map showing the PW zone can be seen on the Company's website at www.bentonresources.ca.

The Cape Ray gold project is host to six gold deposits. Benton controls a 100% interest in 60km of strike length along the Cape Ray fault, a significant regional gold-bearing structure that hosts the Cape Ray deposits as well as Marathon Gold's Valentine Lake deposit located 120km to the northeast of Benton's claim position.

About Benton Resources Inc. (TSX VENTURE:BEX)

Benton Resources Inc. is Canadian based junior currently focused on exploration at its 100% owned Cape Ray gold property. The Company is well funded with approximately $6.2 million in cash and $0.7 million in marketable securities.

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.



Contact

Benton Resources Inc.
Stephen Stares
President
(807) 475-7474
(807) 475-7200
www.bentonresources.ca


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