Benton Resources Corp.
TSX VENTURE : BTC

Benton Resources Corp.

March 18, 2010 09:00 ET

Benton Initiates Phase 3 Drill Program on Golden Harp Option

THUNDER BAY, ONTARIO--(Marketwire - March 18, 2010) - Benton Resources Corp. (TSX VENTURE:BTC) ("Benton" or "the Company") is pleased to announce that the third phase of diamond drilling on the Copper Hill Block A property optioned from Golden Harp Resources Inc. ("Golden Harp") has been initiated. The drill program is designed to test beneath the surface mineralization of the Crocker zone as well as the low grade bulk tonnage potential of the MC zone. The Crocker zone was discovered by Benton in the fall of 2009 and is hosted within brecciated felsic (syenite fragmental) and lesser ultramafic volcanic rocks. The showing is defined by a distinct B-horizon soil anomaly of >50 ppb Au (with individual soil samples up to 6,840 ppb Au) and surface grab samples grading up to 9.65 gpt gold. Work to date suggests mineralization associated with the Crocker zone is controlled by a NNW trending structure splaying off of the Hydro Creek fault. At the MC Zone, Benton's Phase 2 drill program completed during 2009 intersected thick intervals of anomalous gold mineralization. Drill core intervals included 0.25 gpt gold over 142.9m in drill hole GH09-21 and 0.33 gpt gold over 122m in drill hole GH09-22.

The Golden Harp Block A property is located approximately 100 km south of Timmins and 87 km southwest of Kirkland Lake, Ontario. Benton is currently in the midst of earning up to a 70% interest in the property from Golden Harp.

The Company also announces the granting of 3,270,000 incentive stock options exercisable at $0.56 for five years to employees, consultants, officers and directors of the Company.

Benton is a Canadian based junior with multiple joint ventures and a diversified property portfolio in Gold, Nickel, Copper, and Platinum group elements. The company currently has approximately $12.5 million in cash, owns approximately 36% interest in Coro Mining Corp (TSX:COP), holds an approximate 5% interest in Marathon PGM Corp (TSX:MAR) and retains a 2% Net Smelter Royalty on the northern portion of the Marathon PGM deposit.

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, President

Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information

  • Benton Resources Corp.
    Stephen Stares
    (807) 475-7474
    (807) 475-7200 (FAX)
    or
    Benton Resources Corp.
    Clair Calvert
    Investor Relations
    (204) 799-2086
    www.bentonresources.com