Benton Receives Update from Coro on the Berta, Payen and El Desesperado Projects in Chili
3250 Hwy 130, Rosslyn, ON P7K 0B1 Tel: 807-475-7474 Fax: 807-475-7200 www.bentoncapital.ca TSX-V: BTC
BENTON RECEIVES UPDATE FROM CORO ON THE BERTA, PAYEN AND EL DESESPERADO PROJECTS IN CHILI
August 8, 2013
Thunder Bay, Ontario: Benton Capital Corp. (TSXV: BTC) (“Benton”) is pleased to provide its shareholders with an update from Coro Mining Corp. (TSX: COP) (“Coro”) regarding Coro’s Berta, Payen, and El Desesperado projects in Chili. Benton continues to hold approximately 42% of the common shares of Coro.
Stephen Stares, Benton’s President and CEO commented, “We commend Coro’s team for demonstrating sound strategic management and their ability to continue to move their projects forward in difficult times. Attracting partners to their projects such as Freeport-McMoRan Copper & Gold Inc. is a testament to the high quality property portfolio that Coro possesses in Chile. The substantial increase in resources at Berta now provides Coro with the opportunity of having 5,000 to 10,000 tpy of near term copper cathode production while not having to finance the development of this project while ProPipe earns in. We believe that Coro is well positioned for success moving forward”.
Coro’s press releases from August 7 and 8, 2013 respectively are reproduced below:
CORO REPORTS SUBSTANTIALLY INCREASED RESOURCES FOR BERTA PROJECT
August 7th 2013, Coro Mining Corp. (“Coro” or the “Company”) (TSX Symbol: COP) is pleased to announce the results of an updated, independent, National Instrument 43-101 compliant resource estimate for its Berta copper leach project, located approximately 20km west of the village of Inca de Oro, in the III Region of Chile. Coro is also pleased to announce the results of confirmatory metallurgical column test work completed for the Berta Central deposits.
On May 8th 2013, the Company announced that it had signed a Letter of Intent ("LOI") with ProPipe SA, ("ProPipe") an engineering firm based in Santiago, Chile giving ProPipe the right to earn up to a 50% interest in the Berta property by funding the further development of the project.
Alan Stephens, President and CEO of Coro commented, “We continue to make excellent progress at Berta, where we have demonstrated a significant increase in in-pit resources, by re-assessing the economic parameters of Berta Sur and by incorporating the Berta Central deposits into the resource model. The updated in-pit resource estimate for the project now stands at 17,604,000t at a grade of 0.37%CuT, equivalent to 64,000t of contained copper, and with a low overall stripping ratio of 0.49:1. The results of the column test work from Berta Central confirm the encouraging results previously obtained from Berta Sur. Coro and ProPipe are currently optimising the development plan for Berta, with the objective of placing it into production at the rate of 5,000-10,000 tonnes per year of copper cathode, as soon as possible.”
Updated Resource Estimate
This updated resource estimate includes the Berta Sur deposit, and the Berta Central deposits, which comprise 5 individual but adjacent deposits which have been subject to prior small scale open pit mining. The resource estimate was completed by independent consultants, Geoinvestments SpA, at a variety of total copper (%CuT) grades, as shown on Table 1, below.
Table 1: Resource Estimate
| Berta Project Resource Estimate | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Zone | Cutoff | Measured | Indicated | Measured & Indicated | Inferred | ||||||||
| kt | % CuT | % CuS | kt | % CuT | % CuS | kt | % CuT | % CuS | kt | % CuT | % CuS | ||
| Berta Sur & Central | 0.10 | 16,498 | 0.34 | 0.23 | 8,653 | 0.23 | 0.14 | 25,150 | 0.30 | 0.20 | 4,845 | 0.24 | 0.15 |
| 0.15 | 13,275 | 0.39 | 0.27 | 5,780 | 0.27 | 0.18 | 19,055 | 0.36 | 0.24 | 3,249 | 0.30 | 0.20 | |
| 0.20 | 10,487 | 0.45 | 0.31 | 3,336 | 0.35 | 0.23 | 13,822 | 0.43 | 0.29 | 2,039 | 0.38 | 0.25 | |
| 0.25 | 8,355 | 0.51 | 0.36 | 1,961 | 0.44 | 0.30 | 10,316 | 0.50 | 0.35 | 1,402 | 0.45 | 0.31 | |
| 0.30 | 6,791 | 0.56 | 0.40 | 1,289 | 0.52 | 0.36 | 8,080 | 0.56 | 0.39 | 932 | 0.53 | 0.37 | |
| Berta Sur | 0.10 | 10,972 | 0.32 | 0.21 | 4,423 | 0.18 | 0.11 | 15,394 | 0.28 | 0.18 | 2,105 | 0.18 | 0.11 |
| 0.15 | 8,853 | 0.37 | 0.25 | 2,800 | 0.21 | 0.13 | 11,653 | 0.33 | 0.22 | 1,296 | 0.22 | 0.13 | |
| 0.20 | 6,892 | 0.42 | 0.29 | 1,332 | 0.26 | 0.16 | 8,225 | 0.39 | 0.27 | 720 | 0.26 | 0.16 | |
| 0.25 | 5,385 | 0.47 | 0.33 | 561 | 0.31 | 0.20 | 5,946 | 0.46 | 0.32 | 343 | 0.29 | 0.18 | |
| 0.30 | 4,288 | 0.53 | 0.37 | 261 | 0.36 | 0.24 | 4,549 | 0.52 | 0.36 | 127 | 0.33 | 0.21 | |
| Berta Central | 0.10 | 5,526 | 0.38 | 0.26 | 4,230 | 0.27 | 0.17 | 9,756 | 0.33 | 0.22 | 2,740 | 0.29 | 0.19 |
| 0.15 | 4,422 | 0.45 | 0.31 | 2,980 | 0.33 | 0.22 | 7,402 | 0.40 | 0.27 | 1,953 | 0.35 | 0.24 | |
| 0.20 | 3,594 | 0.51 | 0.36 | 2,003 | 0.41 | 0.27 | 5,598 | 0.47 | 0.33 | 1,318 | 0.44 | 0.30 | |
| 0.25 | 2,969 | 0.57 | 0.40 | 1,401 | 0.49 | 0.34 | 4,370 | 0.55 | 0.38 | 1,059 | 0.50 | 0.34 | |
| 0.30 | 2,503 | 0.63 | 0.45 | 1,028 | 0.56 | 0.39 | 3,531 | 0.61 | 0.43 | 805 | 0.57 | 0.40 |
In order to demonstrate the potential economic viability of the Berta Sur and Central resources, a series of pit optimizations using the Lersch & Grossmann algorithm was completed utilizing appropriate operating costs, results obtained from the metallurgical test work, and a variety of copper prices. For a $3.00/lb copper price and a 0.14%CuT cut-off grade, the optimum pits were determined to contain 17,604,000t at a grade of 0.37%CuT and an overall stripping ratio of 0.49:1, as detailed in Table 2, below.
Table 2: In-Pit Resource Estimate
| Berta Project In Pit Resource | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Zone | Pit | Measured | Indicated | Measured & Indicated | Waste | Strip | ||||||
| kt | % CuT | % CuS | kt | % CuT | % CuS | kt | % CuT | % CuS | kt | Ratio | ||
| Berta Sur | Berta Sur | 8,929 | 0.35 | 0.23 | 1,427 | 0.19 | 0.11 | 10,356 | 0.33 | 0.21 | 2,609 | 0.25 |
| Berta Central | Trinchera‐Salvadora | 2,242 | 0.48 | 0.30 | 527 | 0.47 | 0.29 | 2,769 | 0.48 | 0.30 | 2,499 | 0.90 |
| Carmen‐Gemela | 982 | 0.51 | 0.36 | 562 | 0.38 | 0.26 | 1,544 | 0.47 | 0.32 | 1,852 | 1.20 | |
| Nueva | 219 | 0.43 | 0.29 | 295 | 0.34 | 0.22 | 514 | 0.38 | 0.25 | 375 | 0.73 | |
| Berta II | 853 | 0.37 | 0.24 | 150 | 0.36 | 0.23 | 1,003 | 0.37 | 0.24 | 572 | 0.57 | |
| Chico | 900 | 0.30 | 0.18 | 518 | 0.25 | 0.14 | 1,418 | 0.29 | 0.17 | 762 | 0.54 | |
| Berta Sur & Central | Total | 14,125 | 0.38 | 0.25 | 3,479 | 0.29 | 0.18 | 17,604 | 0.37 | 0.23 | 8,669 | 0.49 |
The copper grade distribution for Berta Sur and Central is shown on Figure 1 and the proposed open pits are shown on Figure 2.
Parameters Used in the Construction of the Mineral Resource
An updated mineral resource block model was produced for the Berta Sur and Central deposits, using information from Coro's 2011 and 2012 drilling campaigns and from earlier Anglo American, Grand Cru Resources and Outokumpu drilling. The resource estimate was based on 152 drill holes for a total of 22,213m, as shown on Table, below.
Table 3: Drill holes
| Berta Sur & Central Drilling | Berta Sur | Berta Central | Berta Sur + Central | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Campaigns | ||||||||||||
| Company | Date | Type | Holes | Av TD (m) | Total m | Holes | Av TD (m) | Total m | Holes | Av TD (m) | Total m | |
| Outokumpu | Mar-Sept 1994 | RC | 4 | 25 | 100 | 28 | 44 | 1,221 | 32 | 41 | 1,321 | |
| Anglo American | Sep-Dec 1997 | RC | 19 | 112 | 2,126 | 16 | 121 | 1,930 | 35 | 116 | 4,056 | |
| Grand Cru Res | Feb-Jul 2007 | DDH | 3 | 435 | 1,305 | 6 | 335 | 2,007 | 9 | 368 | 3,312 | |
| CORO Phase 1 | Jul-Aug 2011 | RC | 23 | 181 | 4,160 | 23 | 181 | 4,160 | ||||
| CORO Phase 2 | Mar-Jun 2012 | RC | 14 | 300 | 4,198 | 3 | 379 | 1,136 | 17 | 314 | 5,334 | |
| CORO Infill | Jul-Aug 2012 | RC | 29 | 112 | 3,264 | 7 | 109 | 766 | 36 | 112 | 4,030 | |
| Total | 92 | 15,153 | 60 | 7,060 | 152 | 22,213 |
The mineral resource estimate has been generated from drill hole sample assay results and the interpretation of a geologic model which relates to the spatial distribution of copper in the deposit. Grade estimates were made using ordinary kriging with nominal block size measuring 5 meters long, 5 meters wide and 5 meters in height and resources have been classified by their proximity to sample locations. The small open pit workings at Berta Central were topographically surveyed and their volumes subtracted from the model. The in-pit mineral resource was constructed according to technical and economic parameters shown in Table 4.
Table 4: Technical and Economic Parameters
| Mining | $2.09/t |
| Processing | $4.74/t |
| SXEW | $0.102/lb |
| G & A | $0.045/lb |
| Sales & Marketing | $0.041/lb |
| Metallurgical Recovery | 80% |
| Inter ramp Pit Slope | 50o |
| Copper Price | $3.00/lb |
The mineral resources in this news release were estimated using current Canadian Institute of Mining, Metallurgy and Petroleum (CIM) standards, definitions and guidelines. An updated NI 43-101 technical report detailing the mineral resource estimate will be completed and filed on SEDAR (www.sedar.com), and Coro's website (www.coromining.com), within 45 days.
Metallurgical Testwork
A sample was taken from outcrop and pit walls from each of the Berta II – Nueva - Chico and Gemela - Salvadora old workings, and submitted to the Hydrometallurgy Laboratory of the Department of Metallurgical Engineering, University of Santiago de Chile (USACH) for compositing and column test work. The principal objective of this test was to ascertain if there were any material differences in the metallurgical characteristics of the Berta Central deposits and those from the previously announced Berta Sur deposit test work carried out by Geomet.
A total of three 2m column tests, with the same column dimensions used for the previous Berta Sur test work, and with granulometry of 80% - 1/2”, were completed. The curing dosage was 10kg acid/t with a curing time of 24 hours and a specific flow rate of 10 l/hm2. The head grade of the sample was 1.4%CuT/1.1%CuS, and the three columns were run at 10, 15 and 20g/l of acid concentration in the irrigation solution.
The results from the three columns showed very similar leach kinetics to that observed for the Berta Sur tests with best results obtained with concentrations of plus 15g/l acid. A summary of the Berta Sur and Berta Central test work is shown on Table 5, below. As with the previous test work for Berta Sur, recoveries in excess of 100% of the theoretical solubilities have been obtained for Berta Central, indicating recovery of copper from copper wad species.
Table 5: Metallurgical Column Test Work
| Column | Sample Location | Head assays | Theoretical | Actual | Days | NAC | ||
|---|---|---|---|---|---|---|---|---|
| % CuT | % CuS | % Sol | Rec CuT | Rec CuS | kg/t | |||
| P80 3/8" Comp A Geomet | BDH07-07 Drill Core (Berta Sur) | 0.84 | 0.59 | 70 | 91.0 | 130 | 26 | 21 |
| P80 3/8" Comp B Geomet | Surface trench, partially leached (Berta Sur) | 0.66 | 0.36 | 55 | 68.0 | 126 | 28 | 24 |
| P80 3/8" Comp C Geomet | Surface trench, partially leached (Berta Sur) | 0.38 | 0.14 | 37 | 56.0 | 150 | 28 | 22 |
| P80 1/2" (10 g/L H2SO4) USACH | Berta Central | 1.40 | 1.10 | 79 | 51.5 | 66 | 28 | 22 |
| P80 1/2" (15 g/L H2SO4) USACH | Berta Central | 1.40 | 1.10 | 79 | 80.0 | 113 | 28 | 20 |
| P80 1/2" (20 g/L H2SO4) USACH | Berta Central | 1.40 | 1.10 | 79 | 87.0 | 120 | 28 | 28 |
About Berta
Berta is a near surface, copper oxide deposit, with mineralization, as defined by drilling, mapping and geochemistry, occurring in three principal areas; Berta Sur, Berta Central and Berta Norte. It is associated with sub-vertical, elongate, potassically altered porphyry intrusive bodies and related hydrothermal and intrusive breccias, emplaced into a tonalite stock. Oxidation extends from surface to depths of 50m to 100m. Berta Sur comprises a single, coherent body of mineralization that has not been previously mined, while Berta Central comprises several smaller bodies, located immediately north of Berta Sur, which were the focus for previous small scale artisanal copper oxide production. Berta Norte comprises several, discreet, NW oriented zones of mineralization, individually 25-85m in width, 100-250m in strike length and largely gravel covered. A resource estimate has not yet been completed for Berta Norte. Coro has identified potential for additional copper oxide resources elsewhere on the property, and in the surrounding district.
Coro announced a NI43-101 compliant resource estimate for the Berta Sur area, in its news release NR12-19, dated December 6th 2012 and the results of preliminary metallurgical test work in its news release NR12-17, dated November 5th 2012. The shareholder’s agreement for the new operating company, SCM Berta, formed by Coro and ProPipe, is being finalized and additional time has been granted to ProPipe to present an Environmental Impact Declaration for the project and to complete a Preliminary Economic Evaluation, in order to accommodate an optimal development plan for the project, as a result of the resource increase.
About ProPipe SA
ProPipe is a Chilean supplier of consultancy, engineering and project management services to its customers in the mining process, infrastructure and environment markets. ProPipe have relevant experience in conceptual and basic design, preliminary feasibility and feasibilities studies, and detailed engineering for mining companies in Chile. Some of its principal clients are BHP Billiton (Minera Escondida), Antofagasta Minerals (Minera Los Pelambres, Minera El Tesoro, and Minera Esperanza), Minera Las Cenizas and Algorta Norte. ProPipe’s recent projects include the Camarones 7,000 tonne per year copper cathode plant, the Algorta Norte 78 km sea water pipeline, and Minera Escondida’s Coloso filter plant expansion project.
Qualified Person Notes
The mineral resource estimates contained in this news release have been prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). The technical information in this news release, including the information that relates to geology, mineralization, drilling, and mineral resource estimates on the Berta deposit, is based on information prepared under the supervision of, or has been reviewed by Sergio Rivera, Vice President of Exploration, Coro Mining Corp, a geologist with more than 30 years of experience and a member of the Colegio de Geologos de Chile and of the Instituto de Ingenieros de Minas de Chile. The foregoing person is a "qualified person" for the purposes of NI 43-101 with respect to the geology, mineralization and drilling being reported on. The "qualified person" responsible for the independent resource estimate at Berta Sur was Sergio Alvarado Casas, a consultant geologist with more than 27 years of experience and General Manager and partner of Geoinvestments SpA. He is a member of CIM, the Chilean Mining Commission, and the Instituto de Ingenieros de Minas de Chile. The technical information has been included herein with the consent and prior review of the above noted qualified persons. The qualified persons have verified the data disclosed, including sampling, analytical and test data underlying the information or opinions contained herein.
All mineral resources have been estimated in accordance with the definition standards on mineral resources and mineral reserves of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) referred to in National Instrument 43-101, commonly referred to as NI 43-101. U.S. reporting requirements for disclosure of mineral properties are governed by the United States Securities and Exchange Commission (SEC) Industry Guide 7. Canadian and Guide 7 standards are substantially different. This News Release uses the terms "measured," "indicated" and "inferred" resources. We advise investors that while those terms are recognized and required by Canadian regulations, the SEC does not recognize them. Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by copper pricing, environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that enable them to be categorized as mineral reserves.
CORO MINING CORP.
“Alan Stephens”
Alan Stephens President and CEO
CORO SIGNS TERM SHEET WITH MINERA AUREX FOR THE PAYEN COPPER-GOLD PORPHYRY PROJECT
August 8th, Coro Mining Corp. (“Coro” or the “Company”) (TSX Symbol: COP) is pleased to announce that its subsidiary, Minera Coro Chile Ltda. (“MCC”) has signed a Term Sheet with Minera Aurex (Chile) Limitada (“Aurex”), an indirect subsidiary of Freeport-McMoRan Copper & Gold Inc., for Aurex to acquire an interest in MCC’s Payen Property. The 1,225 hectare Property is located approximately 90km NNE of La Serena, 4km W of the Panamerican Highway and approximately 47km from the coast, in the III Region of Chile, at an elevation of 1,100m (Figure 1). Aurex and MCC intend to execute a final agreement on or before September 15th 2013, subject to Aurex’s satisfactory completion of due diligence by September 10th 2013. MCC has granted Aurex an exclusive right to acquire its interest in the property.
Coro is also pleased to announce that it has renegotiated the acquisition terms for its El Desesperado porphyry copper project, located 7km NW of Calama in the II Region of Chile.
Alan Stephens, President and CEO of Coro commented, “We believe that Payen has the potential to host a major copper-gold porphyry deposit, and we look forward to seeing the results of Aurex’s exploration program as it develops. This represents further progress in Coro’s strategy of bringing in partners for its projects in these difficult markets, and follows our recent announcements regarding advancing our Berta project to production with an experienced Chilean engineering company as our partner. We are also pleased to have renegotiated the terms of our El Desesperado option, which will facilitate its ongoing exploration. ”
Acquisition Terms
As shown on Table 1 below, Aurex may acquire a 70% interest in Payen by completing all of the following;
- Paying US$16,500,000 in option payments to the underlying Property owner
- Expending US$13,000,000 in work commitments on the Property
- Paying US$1,000,000 to MCC
- Paying an additional US$21,500,000 to MCC upon formation of an operating company owned 70% by Aurex and 30% by MCC to advance the project, immediately after Aurex’s acquisition of its interest.
Table 1: Payen Acquisition Terms (in U.S. dollars)
| Date | Underlying Option Payment | Work Commitment | Payment to MCC |
|---|---|---|---|
| On October 10 2013 By October 10 2014 By October 10 2015 By October 10 2016 On formation of operating company | $500,000 (firm) $1,000,000 $2,000,000 $13,000,000 | - $1,500,000 $3,500,000 $8,000,000 | - - $500,000 $500,000 $21,500,000 |
| Total | $16,500,000 | $13,000,000 | $22,500,000 |
The operating company may complete a Feasibility Study to NI43-101 standards on a best efforts basis by October 10, 2019 at Aurex’s expense, at which point MCC will have the option of refunding 20% of the costs of the Feasibility Study to Aurex and thereby own 20% of the operating company, or will immediately dilute to a 2% Net Smelter Return (“NSR”). If MCC elects to refund its 20% share of the Feasibility Study, the operating company shareholders will be responsible for all future costs on a pro-rata basis, or be subject to dilution.
About Payen
The large NE-SW oriented Pajonales alteration zone is located in the same 90-110 million year old belt of porphyry copper-gold deposits as Teck’s Andacollo mine, Cemin’s Dos Amigos mine, PanAust’s Inca de Oro & Carmen projects and Hot Chili’s Frontera project, which is located some 2.5km SE of the Payen property boundary.
The Payen property covers the northeastern third of the Pajonales alteration zone, where it is at its widest, and where the alteration appears most intense. The northern end of the property is transected by a NW fault which has uplifted to the north and exposed a potassically altered and quartz stockworked diorite porphyry with associated copper-gold mineralization. This has been subjected to reverse circulation drilling carried out by the Property owner in 2009, and diamond drilling completed by a private Chilean company in 2011-2012. Results of this drilling were summarized in the Company’s news release of October 17th 2012.
This mineralization is associated with a magnetic high anomaly, and Coro’s exploration has shown that several other similar mag highs are present on the property, coinciding with outcropping mineralized diorite porphyry stocks. Much of the remainder of the property hosts extensive phyllic alteration with outcropping leached cap, quartz stockworking, remnant copper oxides, and associated magnetic low and copper geochemical anomalies. High sulphidation alteration, including phreatomagmatic breccias and silicified ledges with anomalous gold, indicative of a remnant lithocap are exposed at the highest elevations. Previous geochemical sampling has indicated the presence of strongly anomalous copper associated with certain areas of the phyllic alteration, which Coro believes have good potential to host chalcocite enrichment.
The Property is subject to a 2.5%NSR, of which half (1.25%NSR) may be purchased for US$10,000,000 at any time up to Commencement of Commercial Production.
El Desesperado Project; Renegotiated Terms
Coro and the property owners have agreed to reschedule the option payments for the El Desesperado property as shown in Table 2 below.
Table 2: Amended El Desesperado Property Option Payments (in U.S. dollars)
| On or Before | Original | Renegotiated |
|---|---|---|
| 17th February 2012 | $200,000 | |
| 17th February 2013 | $500,000 | |
| 17th February 2014 | $1,300,000 | $650,000 |
| 17th February 2015 | $3,000,000 | $1,750,000 |
| 17th February 2016 | $8,000,000 | $9,900,000 |
| Total | $13,000,000 | $13,000,000 |
The El Desesperado property continues to be subject to a 1.95% sales royalty.
Alan Stephens, FIMMM, President and CEO, of Coro Mining Corp, a geologist with more than 37 years of experience, and a Qualified Person for the purposes of NI 43-101, is responsible for the contents of this news release.
CORO MINING CORP.
“Alan Stephens”
Alan Stephens President and CEO
About Coro Mining Corp.:
The Company was founded with the goal of building a mining company focused on medium-sized base and precious metals deposits in Latin America. The Company intends to achieve this through the exploration for, and acquisition of, projects that can be developed and placed into production. Coro’s properties include the Berta, Payen, El Desesperado, Llancahue, and Celeste copper exploration properties located in Chile, and the advanced San Jorge copper-gold project, in Argentina. Earlier this year, Coro sold its Chacay property to a subsidiary of Teck for US$2,500,000 in cash plus a 1.5%NSR.
For further information please visit the Company’s website at www.coromining.com or contact Michael Philpot, Executive Vice-President at (604) 682 5546 or [email protected]
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of copper, estimated future production, estimated costs of future production, permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forwardlooking statements or information. Such factors include, among others, the actual prices of copper, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the securities regulators in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland and Labrador.
About Benton Capital Corp.:
Benton Capital Corp. is a Canadian based junior which holds the Goodchild Copper-Nickel-PGM project located 5km NE of Stillwater Mining’s Marathon Copper-PGM deposit currently being permitted for production. Benton Capital Corp. also holds approximately 57.87 million shares (approximately 41.84%) of Coro Mining Corp. (TSX: COP) - a Vancouver based copper exploration company with projects located in South America.
On behalf of the Board of Directors of Benton Capital Corp.,
"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."