Benton Resources Inc.

Benton Resources Inc.

March 05, 2015 09:00 ET

Benton Provides Cape Ray Update

THUNDER BAY, ONTARIO--(Marketwired - March 5, 2015) - Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") would like to update its shareholders on the current status of the Cape Ray Project.

On January 20, 2015, Benton announced that it has fully executed its final Option and Joint Venture agreement ("Agreement") with Nordmin Engineering Ltd. ("Nordmin") to advance the 04, 41, 51 and Windowglass Hill (WGH) deposits deposits at the Cape Ray project located in southwest Newfoundland towards production. Nordmin has made an initial payment of $125,000 to Benton as per the agreement, with an additional $125,000 to be paid to Benton later this year.

Nordmin has provided Benton with an update of work completed to date on the project.

Resource models have been completed for the four deposits and a 43-101 report is in progress and is anticipated to be completed by April 30 of this year.

In November, 2014, Nordmin collected 3 bulk samples, one each for the 51, 41 and 04 deposits. At the 41 and 51 deposits, mineralization on surface was trenched and blasted and fresh material collected. Sample weight of material tested was 101.4 kg at the 51 trench and 61.5 kg at the 41 trench. Due to thicker overburden cover at the 04 zone, 2 holes were drilled through the mineralized zone and 94.7 kg of core was collected for testing. Head grades for each of the samples reported as follows: 51 deposit - 6.83 gpt Au and 14.0 gpt Ag, 04 Deposit - 11.47 gpt Au and 12.0 gpt Ag and the 41 Deposit - 2.56 gpt Au and 21.5 gpt Ag. Preliminary recoveries of 97% were obtained from all 3 sites using a grind size ranging from 95 to 105 microns (80% passing) from cyanide bottle roll leach tests. Separate gravity test work was done using a Knelson Concentrator on each of the three locations. A three stage process, using 3 separate grinds of 813-665 microns, 239-216 microns and 69-59 microns (80% passing) achieved recoveries of 80% au, 49% Ag for the 04 deposit, 73% Au, 33% Ag for the 41 deposit and 86% Au, 39% Ag for the 51 deposit. Additional test work is ongoing.

In addition, environmental base line sampling will begin in early spring as a precursor to future permitting applications and a diamond drilling program to test the gaps between the 04-41 and 41-51 deposits is being planned for late spring-early summer of this year.

About Benton Resources Inc. (TSX VENTURE:BEX)

Benton Resources Inc is a well funded Canadian based junior 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

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