Benton Reports Results of Phase II Drilling at Far Lake Copper-Silver Project, Ontario
Benton Reports Results of Phase II Drilling at
Far Lake Copper-Silver Project, Ontario
Thunder Bay, Ontario--(Newsfile Corp. - June 4, 2021) - Benton Resources Inc. (TSXV: BEX) ("Benton"
or "the Company") today announces results from the Phase II drilling program at its Far Lake Copper-
Silver project located 80 km west of Thunder Bay, Ontario. The second phase of drilling at Far Lake
totaled 2,696 m and was designed to test new areas associated with surface mineralization as well as
various chargeability anomalies outlined by a deep, 3D IP geophysical survey. Highlights from this latest
campaign include copper mineralization in the previously untested Centre Pond zone, intersected at a
drill hole depth of 338 m (DDH FL-21-17).
Benton continues to be encouraged by the Cu mineralization identified in this intrusive complex and will
continue to model the data collected for further targeting on the project. The Company is presently
collecting up to 3,500 soil samples for multi-element analysis and is actively mapping and prospecting
the property to generate further targets for drilling later this year. Geochemical anomalies identified in
2020 soil sampling led to the discovery at FL-20-11.
Additional sampling of DDH FL-20-11 (drilled in the first campaign) increased the width of a previously
released mineralized interval by 4 m, expanding the mineralized zone to
0.15% Cu over 64.2 m
including
0.35% Cu over 15.6 m and 1.08% Cu and 1.63 g/t Ag over 2.6 m.
Drill hole FL-20-11 is located approximately
1,800 m
NW along the same structure as the Far Lake
Discovery Zone
where surface sampling produced Cu grades up to
22%
over 0.7 m and first phase
drill results yielded intercepts of
0.19% Cu and 0.34 g/t Ag over 33.6 m
including
1.11% Cu and 1.33
g/t Ag over 3.1 m
(FL-20-03). The Discovery Zone continues to be interrupted by mafic dykes and the
Company continues to model the dykes to better understand the structure controlling mineralization and
to avoid hitting them in future drilling within the mineralized zones.
Drill holes
FL-21-13 & 14
were drilled in the vicinity of hole FL-20-11 (
0.15% Cu over 64.2 m
) and were
successful at intersecting the granodiorite with advanced argillic alteration that hosts up to 5%
chalcopyrite locally. Additionally, the granodiorite includes moderate phyllic (chl-ser), propylitic (qtz-epi-
carb) and weak potassic (kspar-alb-qtz) alteration. Highlights from these holes include
0.25% Cu over 3
m
and
0.12% Cu over 3 m
, in holes 13 and 14 respectively.
FL-21-15
was nearly a 200 m eastern step-out from FL-20-11 and again intersected a chalcopyrite
mineralized altered granodiorite containing up to
0.1% Cu over 14 m
.
FL-21-16
was the deepest hole of the campaign and targeted a deep IP chargeability anomaly
coinciding with mineralized surface samples. Anomalous copper mineralization was encountered
throughout the hole, but more importantly intersected a major lithological contact between granitic and
metasedimentary rocks at depth, which will be important when mapping the units on the property.
FL-21-17
was drilled 425 m below the Centre Pond zone and intersected mainly red granite with strong
potassic, hematite alteration with magnetite. The coarse, red granite contains blebby chalcopyrite and
pyrite. Highlights include
0.16% Cu over 6 m
.
FL-21-18
targeted an airborne VLF anomaly along strike of the discovery zone. Copper mineralization
was insignificant, but the hole intersected a wet structure that could account for the anomaly.
FL-21-19
was drilled below the discovery zone at depths deeper than the first phase of drilling. Sulphide
mineralization is primarily seen as blebby or disseminated pyrite in zones of strong deformation as well
as chalcopyrite in zones of strong deformation, as blebs in a silica-infilled breccias or as wisps in a
quartz vein.
Highlights include
0.13% Cu over 23 m
.
FL-21-20
was a southern step-out from hole 19 and designed to intersect high-grade copper at depth.
Unfortunately, this hole encountered another wide intrusive gabbro at an unexpected depth and angle
and the mineralized zone was nearly missed altogether. Mineralized intervals include 0.12% Cu over 1.4
m and 0.11% Cu over 3 m.
In addition to copper mineralization, the campaign intersected weakly anomalous uranium in FL-21-16
(21ppm U over 10 m) and FL-21-19 (23.8ppm over 9 m).
Up-to-date copper results from Far Lake drilling are as follows:
Hole ID
From
To
Interval
Cu (%)
*FL-20-01
46.2
48
1.8
0.23
*FL-20-02
35.6
36.4
0.8
0.44
*FL-20-03
26.2
59.8
33.6
0.19
incl
29.2
32.3
3.1
1.11
*FL-20-04
45
72.3
27.3
0.11
48.3
54.3
6
0.21
*FL-20-05
55.9
64.9
9
0.11
and
74.9
79.9
5
0.15
*FL-20-06
NSA**
*FL-20-07
NSA**
*FL-20-08
33.3
34.9
1.6
*FL-20-09
93.7
134.5
40.8
0.051
*FL-20-10
138.3
152.3
14
0.023
FL-20-11
82.8
147
64.2
0.15
incl
120.6
136.2
15.6
0.35
incl
124.7
128.3
3.6
1.08
*FL-20-12
102.4
106.5
4.1
0.09
FL-20-13
218
221
3
0.25
and
249
253
4
0.11
FL-20-14
166
169
3
0.12
FL-20-15
115
129
14
0.1
FL-20-16
414.2
428
13.8
0.022
FL-20-17
336.5
342.5
6
0.16
incl
336.5
338
1.5
0.56
FL-20-18
NSA**
FL-20-19
201
224
23
0.13
FL-20-20
162.75
164.15
1.4
0.12
and
288.5
291.5
3
0.11
*Previously released results
**No significant assays
A map showing the location of each hole is available on the Company's website
(
www.bentonresources.ca
).
The Company would also like to announce that it has made the first anniversary payment pursuant to its
option agreement with White Metal Resources Corp. ("White Metal") on the Far Lake property (see
Company news release dated May 20, 2020). The Company paid White Metal $30,000 and issued
400,000 common shares of the Company.
Equity Holdings
Benton continues to be very encouraged by the progress made by Clean Air Metals Inc. ("Clean Air"), in
which Benton holds 24.6 million shares. Clean Air has two drill rigs operating on the Thunder Bay North
and Escape Lake Copper-Nickel-PGM projects and has released excellent drill results from its ongoing
drill campaign. Benton looks forward to receiving ongoing encouraging drill results and future project
advancement.
Benton also holds 3,940,000 shares of Quadro Resources Ltd, which is advancing various projects in
Newfoundland and Ontario. Additionally, Benton holds 3.6 million shares of Maxtech Ventures Inc.
Maxtech has an Option and Joint Venture agreement on Benton's Panama Lake gold project in the Red
Lake mining region. Further, Benton holds
1.36 million shares of Metallica Metals advancing Benton's
Saganaga (Starr) Gold project, and 1.0 million shares of Sokoman Minerals Corp. which continues to
release excellent drill results from its Moosehead Project in Newfoundland. Benton recently entered into
a strategic alliance with Sokoman Minerals for three large-scale joint venture properties including Grey
River, Golden Hope and Kepenkeck in Newfoundland.
Benton also has two NW Ontario projects optioned to Rio Tinto Exploration Canada (the Bark Lake and
West Baril Lake Copper-Nickel PGE projects).
QP
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"
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.
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
Phone:
807-475-7474
Email:
CHF Capital Markets
Cathy Hume, CEO
Phone:
416-868-1079 x251
Email:
Website:
www.bentonresources.ca
Twitter:
@BentonResources
Facebook:
@BentonResourcesBEX
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The information contained herein contains "forward-looking statements" within the meaning of
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Forward-looking statements are subject to a variety of risks and uncertainties which could cause
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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
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forward-looking statements. These forward-looking statements are made as of the date hereof and the
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circumstances. Actual events or results could differ materially from the Company's expectations or
projections.
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