Benton Resources Inc.

Benton Resources Inc.

October 11, 2013 11:08 ET

Benton Identifies Large Soil Anomaly Along Strike from 51 Deposit at Cape Ray, Newfoundland

THUNDER BAY, ONTARIO--(Marketwired - Oct. 11, 2013) - Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") is pleased to announce that the Company has received the first batch of soil geochemical and prospecting results from ongoing exploration on the Cape Ray Project. To date the exploration surveys have been quite effective in delineating anomalous zones of mineralization and have identified a distinct 600m long by 150m wide gold-lead-zinc-silver geochemical anomaly (trace to 801ppb Au, 2 to 561gpt Pb, 3 to 326gpt Zn, trace to 4.1gpt Ag) associated with a distinct magnetic low signature similar to that associated with the 51 deposit situated 600m along strike to the north east. Very little historical drilling has ever been completed in this new geochemically anomalous area which remains open along strike to the south west. A map exhibiting the anomalous soil geochemical area and coincident magnetic low can be viewed on the Company's website. Efforts are currently underway to expand the grid and soil survey to determine the limits of the anomalous mineralized area. Additionally, prospecting has returned gold assays near, and along strike from, the PW zone which ranged from trace to 69.8gpt, 9.4gpt, 5.0gpt and 8.9gpt in select grab samples in the area where an Induced Polarization geophysical survey is currently underway.

Stephen Stares, President and CEO of Benton commented: "The Cape Ray Project continues to provide exciting results and coincident soil geochemical and geophysical anomalies should furnish Benton with quality diamond drill targets. Consolidation of this Cape Ray land package will allow the Company to move forward with an organized exploration program with the view to expand existing mineralized zones, delineate new ones, and update NI 43-101 compliant resources".

About Benton Resources Inc. (TSX VENTURE:BEX)

Benton Resources Inc. is a well-funded Canadian-based junior with approximately $7 million in cash and $1.4 million in equities with multiple joint ventures and a diversified property portfolio in Gold, Silver, Nickel, Copper, and Platinum group elements.

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 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 Information

  • Benton Resources Inc.
    Stephen Stares
    (807)475-7200 (FAX)

    Benton Resources Inc.
    3250 Highway 130
    Rosslyn, ON P7K 0B1