Benton Resources Inc.
TSX VENTURE : BEX

Benton Resources Inc.

April 03, 2017 12:20 ET

Benton Provides Update on Ongoing Exploration at Bedivere Gold Project

THUNDER BAY, ONTARIO--(Marketwired - April 3, 2017) - Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") is pleased to announce that exploration work at the Bedivere gold project is progressing well as the company prepares for diamond drilling anticipated to start early this field season. Work to date includes baseline establishment, soil sampling, trail creation and limited mechanical trenching has been completed. The trenching has been limited to the Traxxin gold zone and another gold showing located a further 800m southwest along the strike of the mineralized structure. Surface grab samples from the Traxxin zone graded from trace up to 1281gpt gold (41 ounces), some of which contain impressive visible gold (see Company website for photos). Washing and channel sampling of the mineralized system exposed by the trenching will be initiated as weather permits. The exposed Traxxin zone is a mineralized pyrite-rich zone of quartz veining and stockwork with intense chlorite and iron carbonate alteration. Where exposed, the mineralized zone ranges from 15m to 40m wide and is at minimum 250m long before being lost under cover to the southwest in swampy conditions and into the lake to the northeast.

The Company has also completed a second airborne geophysical survey to cover the entire Bedivere project. The survey was flown by CGG Canada Services Ltd. and included magnetic and time domain electromagnetic ("EM"). The Company is pleased to announce that preliminary data shows multiple high priority targets of weak to strong conductive responses. The Company has identified copper and zinc mineralization in multiple locations associated with felsic to intermediate volcanic rocks and ultramafic intrusive rock units and believes that the project has potential for significant base metal mineralization in addition to the Traxxin gold zone. The EM responses are located in areas where very little previous work has ever been recorded making them intriguing exploration targets for follow-up.

The Company will be attending the Ontario Prospectors Exploration Showcase on April 4th to 6th at the Valhalla Inn, Thunder Bay. The Company will be showcasing maps, rocks from the Traxxin zone and the newly discovered base metal showings.

About Benton Resources Inc. (TSX VENTURE:BEX)

Benton Resources Inc is a well-funded Canadian-based junior with 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 has prepared, supervised the preparation or approved the scientific and technical disclosure in the news release.

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

Stephen Stares, President

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

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

  • Stephen Stares
    684 Squier Street
    Thunder Bay, ON P7B 4A8
    Phone (807) 475-7474
    Fax (807) 475-7200
    www.bentonresources.ca