SOURCE: Benton Resources Corp.

October 05, 2007 10:10 ET

Benton Discovers New High Grade Nickel and Copper Along With Platinum and Palladium at Bark Lake

THUNDER BAY, ON--(Marketwire - October 5, 2007) - Benton Resources Corporation (TSX-V: BTC) ("Benton" or the "Company") is pleased to report that initial grab sampling from the first phase prospecting program on its Bark Lake Project has identified high grade Nickel (Ni) and Copper (Cu), along with Platinum (Pt), Palladium (Pd) and Gold (Au). The new samples, which were taken approximately 200 meters to the north of the previously announced area of mineralization (BTC P.R Aug 20, 2007), have returned individual assays grading up to 1.5% Nickel, 1.2% Copper, 2.6 gram per tonne (gpt) Pt, 1.4gpt Pd and 0.7gpt Au. Twelve out of the 16 samples taken from the area returned results higher in Platinum than Palladium. Also of particular interest was the discovery of several semi-massive, net-textured sulphide boulders, with one measuring around 1 cubic metre in size and assaying 1.5% Ni. The boulders are angular in nature and believed to be located very close to source. Given the many positive indications at this early stage Benton management feels that the Bark Lake Project has good potential to host a Ni-Cu-Pt-Pd deposit of economic significance.

Through additional recent staking, Benton has more than doubled its initial land position at Bark Lake and has started an aggressive exploration program to include line cutting (now complete), followed by geological mapping, prospecting, ground geophysics including magnetics, Max-Min electromagnetics, and an induced polarization survey to be followed by diamond drilling.

The Bark Lake property is host to numerous newly discovered Ni-Cu-Pt-Pd mineralization hosted in ultramafic rock either in outcrop or among dozens of mineralized boulders. The mineralized occurrences are situated along the Quetico Fault, a major crustal-scale east west oriented structure. Several other companies, including Teck Cominco Ltd, have recently taken an interest by staking and/or joint venturing mafic intrusive bodies along this same fault zone (See Pro-am Exploration (PMX) news of August 20, 2007).

Recently Announced Financing:

Further to its news releases of September 26, 2007 and September 27, 2007 Benton advises that it will also pay Westwind Partners Inc. ("Westwind") a 7% cash fee of the gross proceeds from the financing and that number of broker warrants equal to 7% of the number of units and flow-through shares issued under the financing. Each broker warrant will entitle Westwind to acquire one common share of the Company at an exercise price of $1.25 per common share expiring 18 months from the closing of the financing.

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


Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities.

Contact Information

  • For further information contact:
    Stephen Stares
    611 Montreal Street
    Thunder Bay, Ontario, P7E 3P2
    Phone (807) 475 7474
    Fax (807) 475 7200

    Investor relations:

    In Canada:
    First Canadian Capital
    Daniel Boase
    Phone (416) 742 5600
    Fax (416) 742 6410

    In U.S.A:
    The Windward Agency
    Kelly Boatright
    Phone (704) 588 8600