Benton Resources Inc.

Benton Resources Inc.

November 05, 2014 12:12 ET

Benton Completes Drilling at Cape Ray and Announces Final Assay Results

THUNDER BAY, ONTARIO--(Marketwired - Nov. 5, 2014) - Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") is pleased to announce that it has now received all results from drilling on the Cape Ray Project. The Company completed 3051.6m of diamond drilling in 17 exploratory holes. While most drill holes were designed to test for new gold mineralization outside the known resources, two holes PB14-393 and 394 were successful in confirming the continuity of gold mineralization between the 04 and 41 deposits indicating that there is potential to merge the two deposits into one and thus increasing the overall resource. PB14-393 intersected 3 separate zones of mineralized graphitic fault and quartz vein material that graded 2.18gpt Au with 5.2gpt Ag over 1.0m from 131.2 to 132.2m, 6.89gpt Au with 60.5gpt Ag over 1.1m from 172.5 to 173.6m, and 0.57gpt Au with 13.0gpt Ag over 2.6m from 254.6 to 257.2m. Drill hole PB14-394 also intersected multiple mineralized horizons that graded 2.07gpt Au with 2.45gpt Ag over 1.8m from 172.2 to 174m and 2.2gpt Au with 5.2gpt Ag over 0.5 m from 182.0 to 182.5m (all thicknesses are core length).

In addition, two holes totaling 212m were drilled into the 04 deposit for metallurgical purposes. Drill hole M14-01 graded 13.4gpt Au, 22.0gpt Ag, 0.82% Pb, 0.20% Cu and 0.98% Zn over 13.0m and was drilled shallowly across the deposit, twinning historical hole PB77-08 (9.5gpt Au, 15.1gpt Ag, 1.05% Pb, 0.18% Cu, and 0.72% Zn over 11.4m). Drill hole M14-02 was drilled down dip along the zone of mineralization on the same section and intersected 15.2gpt Au, 13.3gpt Ag, 1.0% Pb, 0.2% Cu and 0.77% Zn over 18.0m. These mineralized intervals represent core lengths however true thickness is approximately 80% of the core length. As the holes were drilled for metallurgical purposes whole core was used and crushed to less than 0.6 to 0.75 inch from which a 250 gram sample was split, pulverized and a 30 gram sample analysed. It should be noted that the crush size is not amenable to NI 43-101 standards as it is considered to be too coarse to achieve proper homogeneity of the sample and thereby potentially causing biased results.

All split and whole core metallurgical samples were sent to and analyzed by Eastern Analytical Ltd of Springdale, NL. A complete list of the drill results with a surface plan map can be found on the Company's website

The Cape Ray gold project is host to 6 historical gold deposits located approximately 20 kilometers north of the town of Port aux Basques, Newfoundland. The company has recently signed a letter of intent with Nordmin Engineering ("Nordmin"), whereby Nordmin can earn a 50% interest in the property by completing a feasibility study on the mining of the 04, 41, 51 and Windowglass Hill 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 120 km to the northeast of Benton's claim block.

Benton would like to thank the government of Newfoundland and Labrador for financial support of this project through the Junior Exploration Assistance program, part of the provincial Mineral Incentive Program.

About Benton Resources Inc. (TSX VENTURE:BEX)

Benton Resources Inc is a well-funded listed Canadian based junior with multiple joint ventures and a diversified property portfolio in Gold-Silver, Nickel, Copper, and Platinum group elements.

Stephen House (P.Geo.), is the qualified person responsible for this release.

On behalf of the Board of Directors of Benton Resources Inc.,

Stephen Stares, President


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.

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