Benton Intersects Gold Mineralization in First Five Holes at the Panama Zone in Red Lake Mining District
Benton Intersects Gold Mineralization in First Five Holes
at the Panama Zone in Red Lake Mining District
Thunder Bay, Ontario--(Newsfile Corp. - March 4, 2019) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is
pleased to announce that Benton has received assays for the first 5 of 7 drill holes completed on the Panama Zone in the Red
Lake Mining district.
Each hole exhibits anomalous gold values over significant thickness and is consistent with the results of
historical work.
Benton's drilling has identified an extensive, 5+ metre quartz flooded shear zone containing variable amounts of
pyrite and silicification associated with gold mineralization. Highlights for the first five holes at the Panama zone are as follows:
Hole
From (m)
To (m)
Interval
Gold (g/t)
Composite
PL-19-01
79.6
87.2
7.6
1.58
1.58g/t over 7.6m
incl
79.6
84.3
4.7
2.34
2.34g/t Au over 4.7m
PL-19-02
148.5
155
6.5
1.23
1.23g/t Au over 6.5m
PL-19-03
79.6
85.4
5.8
1.21
1.21g/t Au over 5.8m
incl
82.4
84.4
2
2.55
2.55g/t Au over 2m
PL-19-04
72.8
78.6
5.8
1.07
1.07g/t Au over 5.8m
incl
75.8
78.6
2.8
1.67
1.67g/t Au over 2.8m
PL-19-05B
77.5
93.6
16.1
0.57
0.57g/t Au over 16.1
incl
89
91
2
2.07
2.07g/t Au over 2m
Note: Reported intercepts are core lengths not true widths
Drill-hole 8 in the program is underway and will test the Slate Zone where Benton had grab samples grading from trace to
6.17gpt gold.
This sampling was located approximately 120m north 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 believes that the grab samples may represent the source of the till anomaly and hole 8 will test this zone at depth.
Results
from the remaining holes will be released as they become available.
Nathan Sims (P.Geo.), Senior Exploration manager for Benton Resources Inc., is the qualified person responsible for this
release and has prepared or supervised the preparation of or reviewed and approved the scientific and technical disclosure in
this news release.
About Benton Resources Inc. (TSXV: BEX)
Benton Resources Inc 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 web site. Most projects have an up to date 43-101 report available. Interested parties can contact
Stephen Stares from the contact below.
On behalf of the Board of Directors of Benton Resources Inc.,
"Stephen Stares"
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.
For further information contact Stephen Stares @:
684 Squier Street,
Thunder Bay, ON
P7B 4A8
Phone (807)475-7474
Cell (807)474-9020
Fax (807)475-7200
www.bentonresources.ca
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/43193