Benton and Metals Creek Option New GOLD Discovery IN Staghorn Property Area, Central Newfoundland
BENTON AND METALS CREEK OPTION NEW GOLD DISCOVERY IN
STAGHORN PROPERTY AREA, CENTRAL NEWFOUNDLAND
April 12, 2017
Thunder Bay, Ontario: Benton Resources Inc. (TSXV: BEX) (“Benton”) and Metals Creek Resources
Corp. (TSXV: MEK) (“Metals Creek”) are pleased to announce that they have jointly executed a letter of
intent (the “Agreement”) with a Newfoundland prospector (the “Vendor”) pursuant to which Metals Creek
and Benton have been granted the option to acquire a 100% interest (50% each) in 22 claim units (the
“Property”) located in the Victoria Lake area, Central Newfoundland.
Under the Agreement, Benton and Metals Creek will make staged payments to the Vendor totaling
$45,000 ($5,000 on signing) and 425,000 common shares (50,000 on signing) over a three year period.
All cash and share payments will be split 50% Benton and 50% Metals Creek. The Vendor will retain a
2% net smelter return (“NSR”) on the Property. Benton and Metals Creek will have the right to buy back
1% of the NSR for $1,000,000. This transaction is subject to TSX Venture Exchange approval as well as
a due diligence period expiring June 15, 2017.
The optioned property will be folded into the Staghorn Project in which Benton is earning a 60% interest.
The Staghorn Project covers a portion of the regional Cape Ray Fault Zone that hosts a number of
significant gold deposits including Marathon Gold’s Valentine Lake deposit, located 30km to the northeast
and Benton’s Cape Ray gold deposits approximately 100 km to the southwest. The optioned property is
contiguous with the northeast boundary of the Staghorn Gold Project. Recent prospecting by the Vendor
resulted in the discovery of several areas of mineralized outcrop and float along a 1.6 kilometer strike
length on the Property. Selective grab samples submitted by the vendor returned gold values up to 18.86
grams per tonne (“gpt”), 61gpt silver, 1.7% copper, 0.59% lead, 0.15% antimony, and 2.76% zinc (not all
in same sample). Most of the gold-bearing samples are described as quartz-carbonate material with
varying amounts of pyrite, chalcopyrite, arsenopyrite and galena. Highlights from the most recent
samples collected from an outcropping area of a gossanous felsic volcanic unit cut by numerous quartz
veins where three of these samples returned assays of 18gpt, 7gpt and 1gpt gold. The mineralization
appears to be related to an east-west fault that traverses the property and may be a splay off the
auriferous Cape Ray Fault system
In addition, Benton and Metals Creek have staked an additional 30 claim units to the north and west of
the optioned claims.
Benton and Metals Creek plan on a completing a property review once spring breakup is over and
weather conditions allow for additional sampling. This new acquisition enhances the value of the
Staghorn Gold Project and adds a number of new untested gold targets to the project.
About Benton Resources Inc. (TSXV: 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"
684 Squier Street
Thunder Bay, ON P7B 4A8
Tel: 807-475-7474
Fax: 807-475-7200
www.bentonresources.ca
TSX-V: BEX
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 legislatio n.
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 ad equate
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 result s, 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 fluctua tions;
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
For further information contact Stephen Stares @:
684 Squier Street
Thunder Bay, ON P7B 4A8
Phone (807)475-7474
Fax (807)475-7200
www.bentonresources.ca