Benton Resources Completes First Phase of Drilling at Panama Project in the Red Lake Mining District and Appoints James Rogers as an Advisor
TSX VENTURE: BEX
Thunder Bay, Ontario--(Newsfile Corp. - March 27, 2019) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has received final assay results for the Phase I drill program carried out at the Panama Project in the Red Lake mining district.
- Each hole returned anomalous gold values.
- Drilling has identified an extensive, 5+ metre quartz flooded shear zone containing variable amounts of pyrite and silicification associated with gold mineralization.
- Shear zone demonstrates a potentially large structural trend that will be the focus of the Company's 2019 fieldwork.
Stephen Stares, President & CEO, commented: "We are very pleased with the results of the Phase 1 drill program as it provided Benton with valuable geological information for further targeting at the highly promising Panama Project. A detailed magnetic survey and lake sediment sampling program will be commencing soon to assist in planning targets for the 2019 field season. We are excited to move forward and see what the next Phase brings us."
Drill hole PL-19-08 was drilled to test the Slate Lake zone where Benton had grab samples grading from trace up to 6.17gpt gold on surface. The drilling was successful in intersecting the gold-bearing lithological unit at depth (270 m down-hole) containing anomalous gold over 8.4 m in a silicified arsenopyrite-rich, quartz-flooded zone. PL-19-09 was drilled south from the same setup and intersected altered feldspar porphyry ("FP") with quartz stringers and abundant sulphide. The hole ended in the FP at a final depth of 140 m. The two Slate Lake zone drill holes are located approximately 150 m west of the area where a glacial till sampling survey by the Geological Survey of Canada, 1999 (Open File 3038) identified 107 gold grains in till sampling, the highest count in the survey.
Benton's future exploration efforts at the Slate Lake zone will focus north and east of the gold grains, which the Company believes were transported by southwest-trending glaciation.
Highlights from the Phase I Drill Program are as follows:
|PL-19-01||79.6||87.2||7.6||1.58||1.58 g/t over
|incl||79.6||84.3||4.7||2.34||2.34 g/t Au over 4.7 m|
|PL-19-02||148.5||155||6.5||1.23||1.23 g/t Au over 6.5 m|
|PL-19-03||79.6||85.4||5.8||1.21||1.21 g/t Au over 5.8 m|
|incl||82.4||84.4||2||2.55||2.55 g/t Au over 2 m|
|PL-19-04||72.8||78.6||5.8||1.07||1.07 g/t Au over 5.8 m|
|incl||75.8||78.6||2.8||1.67||1.67 g/t Au over 2.8 m|
|PL-19-05B||77.5||93.6||16.1||0.57||0.57 g/t Au over 16.1 m|
|incl||89||91||2||2.07||2.07 g/t Au over
|PL-19-06||82||83||1||0.427||0.427 g/t Au over 1 m|
|PL-19-07||35.4||36.4||1||0.563||0.563 g/t Au over 1 m|
|PL-19-08||270.5||279||8.4||0.18||0.18 g/t Au over 8.4 m|
|PL-19-09||100||102||2||0.425||0.425 g/t Au over 2 m|
Note: Reported intercepts are core lengths not true widths.
The Company is also pleased to announce that Mr. James (Jim) Rogers has agreed to join Benton as an advisor. James Rogers is a geologist with forty years of experience in the mining and exploration industry. Starting as a mine geologist in 1980, Jim has almost thirty years of experience working in the Red Lake Gold mining camp in various positions, including Chief Geologist, Exploration Manager and President of a junior exploration company. In the early days, Jim and his team discovered the high-grade zone at the Red Lake mine. Jim also spent nine years as Chief Geologist at the Eskay Creek Mine where grade control and metallurgical study were critical to profitable mining and to expanding reserves.
Jim is a team player whose main strength lies in a good understanding of the economics, mining methods and the structural interpretations of ore bodies, excellent 3D and "Big Picture" strategic vision, particularly as they relate to gold system exploration and development. Jim's tremendous amount of technical knowledge in the Red Lake district will truly be an asset to the Company moving forward. Benton is delighted that he has joined the team to assist in the projects' advancement.
Nathan Sims (P.Geo.), Senior Exploration Manager for Benton Resources Inc., the 'Qualified Person'under National Instrument 43-101, has approved the scientific and technical disclosure in this news release and prepared or supervised its preparation..
On behalf of the Board of Directors of Benton Resources Inc.,
Stephen Stares, President
About Benton Resources Inc.
Benton Resources is a well-funded Canadian-based project generator with a diversified property portfolio in Gold, Silver, Nickel, Copper, and Platinum group elements. Benton holds multiple high-grade projects available for option which can be viewed on the Company's website. Most projects have an up-to-date 43-101 Report available. Benton's Panama Gold Property on the prolific Red Lake greenstone belt is being drilled at this time.
Parties interested in seeking more information about properties available for option can contact Mr. Stares at the number below.
For further information, please contact:
Stephen Stares, President & CEO
CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079 x231
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