Benton Reports Drill Results from Recently Completed Program at the Elizabeth Anne Project
THUNDER BAY, ONTARIO -- (Marketwired) -- 06/28/13 -- Benton Resources Inc. (TSX VENTURE: BEX) ("Benton" or "the Company") is pleased to announce the results from its recently completed diamond drilling program at the Elizabeth Anne gold-silver project located approximately 35km west of the Mountain Pass rare-earth mine in San Bernardino County, California. The company completed 2876 meters of diamond drilling in 10 holes to test several areas of gold and silver mineralization discovered by previous drill campaigns or recent surface sampling which included the Rascal Zone, C-Zone, Mega-Breccia and North Mega-Breccia Zones. All holes encountered gold mineralization and permitting for further drilling will start within the next few weeks.
The recently discovered Chlorite and North Chlorite zones, located 4km east of the Mega-Breccia Zone will also be permitted for drilling in the next campaign. Highlights from the recently completed drilling includes 4.97gpt Gold over 3.05m in EA13C-19 and 7.13gpt over 1.5m in EA13C-17. A map showing the drill hole locations is posted on the Company's website.
President and CEO Stephen Stares comments, "We remain impressed with the sheer size of the gold mineralized system at the Elizabeth Anne project. With the current results in hand and the fact that we've intercepted new gold-bearing horizons in several new area's in drilling and on surface, the project continues to show the potential to delineate a significant gold-silver deposit".
Highlights of the drill program are as follows:
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HOLE FROM TO INTERVAL (m) Au (g/t) Ag (g/t)
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EA13C-14 193.5 200.2 6.7 1.23 3.04
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EA13C-15 181.4 204.2 22.8 0.25 1.88
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and 265.2 298.7 33.5 0.35 1.05
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EA13C-16 445 481.6 36.6 0.17 0.26
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EA13C-17 18.3 42.7 24.4 0.99 0.49
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incl 38.1 42.7 4.6 2.82 0.71
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EA13C-18 74.7 83.8 9.1 0.46 0.55
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EA13C-19 283.5 286.5 3.05 4.97 8.09
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EA13C-21 192 260.6 68.6 0.28 0.78
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incl 211.8 230.1 18.3 0.76 1.20
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211.8 221.0 9.1 1.3 1.3
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211.8 216.4 4.6 2.28 2.06
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Note: Intervals represent core length
All samples were sent to ALS Global in Reno Nevada and were analyzed for gold using fire assay and atomic absorption plus gravimetric finish for higher grade samples. Silver analysis was part of a multi-element, Aqua Regia package plus ICP for ore-grade samples.
The Elizabeth Anne gold property is considered to lie within the southern part of the Walker Lane Gold Belt which hosts several multi-million ounce gold deposits. The Company can earn a 100% interest in the Property by paying $1.2 million over 13 years subject to a 3% Net Smelter Royalty (NSR) of which Benton has the right to purchase 50% of the NSR (1.5%) for $1.5 million and holds a Right of First Refusal to match any offer on the other 1.5% NSR.
About Benton Resources Inc. (TSX VENTURE: BEX)
Benton Resources Inc is a newly listed Canadian based junior with multiple joint ventures and a diversified property portfolio in Gold-Silver, Nickel, Copper, and Platinum group elements. The Company is well funded with approximately $8.7 million in cash and $1 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.
Contacts:
Benton Resources Inc.
Stephen Stares
(807)475-7474
(807)475-7200 (FAX)
www.bentonresources.ca
