Benton Releases Additional Drill Results on the Bedivere Gold Project
Benton Releases Additional Drill Results on the Bedivere
Gold Project
Thunder Bay, Ontario--(Newsfile Corp. - August 31, 2017) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company") is
pleased to announce that it has received additional results from the recently completed 14-hole diamond drill program at their
Bedivere Gold Project located in northwestern Ontario.
Highlights from hole BED-17-013 include 0.8gpt (grams per tonne) Au
(gold) over 23.0m (metres) including 3.09gpt Au over 4.0m and 11.2gpt Au over 1.0m as well as a lower zone of 4.04gpt over
1.0m. The first drill campaign demonstrates the gold-bearing system is highly fertile, open at depth and along strike in both
directions. Grid establishment followed by an Induced Polarization (I.P.) geophysical survey is starting immediately to help define
further drill targets.
Assay results from drilling received to date by the Company are summarized in the table below.
Hole
From
To
Interval
Grade (Au g/t)
BED-17-001*
2.7
5.0
2.3
1.82
17.9
31.9
14.0
1.50
includes
17.9
21.9
4.0
3.63
includes
17.9
19.9
2.0
6.43
includes
25.9
28.9
3.0
1.41
BED-17-002*
20.3
24.3
4.0
0.77
includes
22.3
23.3
1.0
1.98
51.0
52.0
1.0
4.85
BED-17-003*
22.7
23.7
1.0
37.30
BED-17-004*
39.8
40.8
1.0
1.10
49.4
52.2
2.8
0.96
51.2
52.2
1.0
1.86
BED-17-005*
34.0
56.2
22.2
1.07
includes
37.8
56.2
18.4
1.26
includes
43.8
56.2
12.4
1.71
includes
50.5
56.2
5.7
3.37
includes
52.5
55.2
2.7
6.59
includes
53.3
55.2
1.9
8.90
BED-17-006*
51.0
53.0
2.0
2.66
BED-17-007*
38.0
51.0
13.0
0.63
includes
50.0
51.0
1.0
5.46
BED-17-008*
50.0
51.0
1.0
2.65
BED-17-009
NSA
BED-17-010
32.3
34.3
2.0
0.44
BED-17-011
31.4
45.0
13.6
0.34
includes
31.4
35.7
4.3
0.51
BED-17-012
23.9
25.0
1.1
0.74
BED-17-013
12.5
35.5
23.0
0.80
Includes
12.5
16.5
4.0
3.09
Includes
14.5
15.5
1.0
11.20
34.5
35.5
1.0
4.04
BED-17-014
13.0
49.0
36.0
0.63
Includes
13.0
25.0
12.0
1.16
Includes
13.0
18.0
5.0
2.06
Includes
23.0
25.0
2.0
1.40
Includes
44.0
49.0
5.0
1.55
includes
44.0
45.0
1.0
5.83
Note: 1) intervals are reported as core lengths 2) drill hole numbers followed by an asterisk "*" note holes previously reported on,
3) NSA = No Significant Assays
The core was split or cut in half with one half being stored for future reference and the other half tagged and sent to Activation
Laboratories Ltd. in Thunder Bay, ON.
The core samples were analyzed for gold using using fire assay (FA) with an atomic
absorption (AA) finish.
Samples with grades greater than 5gpt gold were completed with a gravimetric finish.
Standards and
blanks were inserted into the sample batches as part of the Company's QA/QC protocols.
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 also controls the Cape Ray gold deposits located on the west coast of Newfoundland.
The results of the Cape Ray PEA
include a pre-tax net present value ("NPV") at a 7% discount rate of $48.5 million with a pre-tax internal rate of return ("IRR") of
31% and a post-tax NPV at a 7% discount rate of $32.4 million with a post-tax IRR of 25%. 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 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"
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
Fax (807)475-7200
www.bentonresources.ca