Benton Resources Inc.

Benton Resources Inc.

November 06, 2014 09:00 ET

Multiple Conductive Horizons Identified at Benton's Mealy Lake Cu-Ni-PGM Project

THUNDER BAY, ONTARIO--(Marketwired - Nov. 6, 2014) - Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") is pleased to announce that the Company's joint venture partner (the "Partner") has recently completed a 2,950km VTEMplus electro magnetics (EM) and magnetics (Mag) airborne survey at the Mealy Lake property in Labrador of which 1254km covered Benton's land position. Preliminary data suggests multiple strong and moderate EM conductors have been identified in numerous areas of the project. Subsequent field follow up to assess the preliminary conductive areas have identified pyrrhotite and chalcopyrite sulphide mineralization in limited gossanous exposures that appear to have cumulate textures. To date, preliminary grab samples in two areas within the Benton option ground have returned values from copper mineralization with one area assaying from trace to 1% copper. Soils were also completed in areas showing anomalous EM responses but limited outcrop exposure to aid in identification of possible base and precious metal mineralization. Due to the late season start, processing of geophysical data and compilation of ground data is currently ongoing.

The Mealy project is contiguous and within the same mafic complex as Altius Minerals Corp.'s ("Altius") Natashquan property located approximately 140 kilometres southwest of Churchill Falls in Labrador. Altius previously announced their new Natashquan property Ni-Cu-Co-PGE discovery which they subsequently joint ventured to Anglo American ("Anglo"). Exploration highlights from Altius' Nastashquan discovery include; "2.68g/t combined Pt, Pd and Au (grab) - 6.14% Cu and 388ppb Pt - 1.04g/t combined Pt, Pd, Au and 1.06% Cu over 1.30m (channel) - 1.04 combined Pt, Pd, Au and 3.92% Cu over 1.00m (channel) - 2.49g/t combined Pt, Pd and Au and 1.07% Ni (grab) - several grab samples >7% Cu" (

Under terms of the agreement, the Company's Partner can earn a 71% interest in Benton's Mealy Project by spending $2.4 million in exploration within 4 years (see Benton press release dated August 16, 2013) at which point a joint venture will be formed between the Company and the Partner. Benton will retain a 1% NSR on the project and the Partner will be the operator of the project while it holds a majority interest.

About Benton Resources Inc. (TSXV: BEX)

Benton Resources Inc is a Canadian-based junior with a diversified property portfolio in Gold-Silver, Nickel, Copper, and Platinum group elements. The Company is well funded with approximately $6.0 million in cash and $0.7 million in marketable securities.

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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