Benton Provides Update ON Bedivere GOLD Project
BENTON PROVIDES UPDATE ON BEDIVERE GOLD PROJECT
January 20, 2017
Thunder Bay, Ontario: Benton Resources Inc. (TSXV: BEX) (“Benton” or “the Company”) is pleased to
provide an update on the Company’s progress on its Bedivere Lake gold project located 130km west of
Thunder Bay, Ontario.
The Company has now received all required permits for exploration work that would include line cutting,
geophysics, prospecting, geological mapping, trenching and diamond drilling. In December 2016, the
Company completed a detailed airborne magnetic survey totaling 458 line-kilometres that appears to
delineate the northeast oriented gold-bearing structure that hosts the original gold discovery (Traxxin
Zone) where select grab samples collected by the property vendors returned gold grades ranging from
trace to 1281gpt Au (41 ounces), some of which contain impressive visible gold (see Company website
for photos). To-date limited prospecting, soil sampling, mapping, and the airborne geophysical survey has
provided evidence of sporadic gold mineralization along the favorable main structure over a strike length
of approximately 7km.
The mineralized structure has undergone virtually no historical exploration and current efforts include
establishing a winter cut grid, as well as further prospecting and soil sampling. Results received from the
earliest soil samples collected range from trace to 2160ppb gold located 150m south west along the
structure from the original high grade showing located near the shoreline of Bedivere Lake and
anomalous values up to 74 ppb gold situated on the projected structure more than 5km further to the
south west. Recent follow-up prospecting along strike of the 74ppb gold-in-soil anomaly uncovered an
iron-carbonate rich shear zone with quartz stingers containing pyrite and chalcopyrite . The
mineralization, extent of the structure and gold-in-soil anomalies combined with nearby high gold values
in lake sediment anomalies (0 to 27ppb Au obtained by the Ontario government -Dyer, R.D. 1999. Lake
Sediment and Water Geochemical Data from the At ikokan-Lumby Lake Area; Northwestern Ontario.
Ontario Geological Survey, Miscellaneous Release - Data 43) provides compelling evidence that the area
is highly prospective for potential gold discoveries.
In addition, recent follow-up to an airborne magnetic anomaly uncovered mineralized mafic to ultramafic
rocks that may be prospective for copper-nickel-PGE (Platinum Group Elements) mineralization and
further investigation is needed on this and other airborne magnetic anomalies. Trail creation, prospecting
and soil sampling will continue throughout the winter.
Stephen Stares, Benton President and CEO stated "We continue to be very encouraged by our ongoing
exploration results at the Bedivere project. In our past experience working with Noranda Exploration Ltd.,
discoveries both at the Sugar Zone owned now by Harte Gold and the producing Eagle River mine, now
owned by Wesdome were found in underexplored areas associated with major structures and favorable
geology. These opportunities are extremely rare especially with areas containing new high grade gold
discoveries in multiple locations and good access and infrastructure. We are very excited to continue to
advance this underexplored structure over the next year.”
Benton would like to announce that it is exhibiting at the upcoming Vancouver Resource Investment
Conference on January 22nd and 23rd and investors are invited to visit us at booth number 810. The
Company will also be displaying the advanced Cape Ray gold project at the Newfoundland Government
Pavilion located in booths numbers 506, 508, 510, 407, 409 and 411 at the Round-Up convention on
January 23rd through 26th.
684 Squier Street
Thunder Bay, ON P7B 4A8
Tel: 807-475-7474 Fax: 807-475-7200
www.bentonresources.ca
TSX-V: BEX
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.
Benton's flagship project is the Cape Ray gold deposits located on the west coast of NL under option to
Nordmin Engineering Ltd. (“Nordmin”). Nordmin is earning up to a 50% interest in 4 of the 6 deposits
(see Benton PR January 20, 2015) owned by Benton by completing various work programs and project
milestones as well as carrying Benton to a full feasibility study and arranging 50% of project financing to
production. In March 2016, the companies released the results of a positive preliminary economic
assessment (“PEA”) for their Cape Ray Gold Project (see PR March 07, 2016). The results of the PEA
include a pre-tax net present value (“NPV”) at a 7% discount rate of $48.4 million with a pre-tax internal
rate of return (“IRR”) of 29% and a post-tax NPV at a 7% discount rate of $32.6 million with a post-tax
IRR of 24%. The reader should be cautioned that the PEA is preliminary in nature. It contains inferred
mineral resources that are considered too speculative to have the economic considerations applied to
them that would enable them to be categorized as mineral reserves.
Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Inc., is the qualified person responsible for
this release and has prepared, supervised and approved the preparation of the scientific and technical
disclosure contained within the release.
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 obt ain 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 possi bility 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