White Metal Receives Update from Benton Resources on Exploration Results at Far Lake Project, Ontario
White Metal Receives Update from Benton
Resources on Exploration Results at Far Lake
Project, Ontario
Thunder Bay, Ontario--(Newsfile Corp. - January 19, 2021) -
White Metal Resources Corp.
(TSXV:WHM)
("White Metal") is pleased to announce that it has received an update from Benton
Resources Inc. ("Benton") regarding its first phase drilling program and ongoing 3D IP survey at the Far
Lake IOCG Project (
aka
Far Lake Copper-Gold Project).
The Far Lake IOCG Project is currently under
option to Benton whereby Benton can earn up to a 70% interest in the Project (
see
White Metal news
release dated May 20, 2020). The news release, which was issued by Benton earlier today, is
reproduced below:
Benton Confirms Widespread Copper Mineralization at Far Lake IOCG Project;
3D IP Survey Identifies Large Chargeability Targets for Drilling
Thunder Bay, Ontario--(Newsfile Corp. - January 19, 2021) - Benton Resources Inc. ('Benton' or 'the
Company') (TSX-V: BEX) is pleased to announce that it has discovered wide zones of mineralization at
the Company's Far Lake IOCG project ("Far Lake") including
0.15% Cu and 0.15 g/t Ag over 60.4 m,
including
0.35% Cu and 0.51 g/t Ag over 15.6 m and 1.08% Cu and 1.63 g/t Ag over 2.6 m
in drill
hole FL-20-11. 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. Drill
holes FL-20-01 to FL-20-05 completed in the discovery zone yielded results including
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 Far Lake
project, pursuant to which the Company currently holds under option from White Metal Resources Corp.
(TSX-V: WHM) (see Company PR dated May 20, 2020), is located 80km west of Thunder Bay, Ontario.
FL-20-01 to FL-20-05 were shallow holes and mineralized targets were interrupted by a series of
diabase dykes and sills. Future drilling in this area will therefore be deeper to avoid intersecting these
younger mafic intrusions. The Company is very encouraged by the Cu mineralization intersected in
almost every hole and confirms that there is a direct correlation between Cu-sulphides and the two NW
trending structures that cross the property.
In December 2020, the Company hired Abitibi Geophysics ("Abitibi") to complete a 3D DasVision IP
survey which is nearing completion. Preliminary data has identified chargeability targets between 350-
800 m in depth that coincide with the FL#1 and FL#2 structures which contain and appear to be
controlling the Cu mineralization discovered to-date. The DasVision, distributed array survey, is
designed for deep mineral exploration, up to 1,000m depth. Benton will rely on this new dataset to
expand its exploration at depth.
President and CEO of the Company Stephen Stares stated: "The exploration steps taken thus far to
advance and understand the Far Lake project have delivered valuable information about the system, and
the results from the maiden drill program have confirmed that Benton has indeed discovered an
extremely large copper system. The new deep IP data received from Abitibi has now identified large
chargeability anomalies on the same structures and in close proximity to that of the new copper
discoveries, so we believe this next drill program could deliver very promising results."
Results of the first drilling program are as follows:
Hole ID
From (m)
To (m)
Interval (m)
Cu (%)
Ag (g/t)
Au (g/t)
FL-20-01
46.2
48
1.8
0.23
0.63
FL-20-02
35.6
36.4
0.8
0.44
0.9
FL-20-03
26.2
59.8
33.6
0.19
0.34
incl
29.2
32.3
3.1
1.11
1.33
FL-20-04
45
72.3
27.3
0.11
0.21
48.3
54.3
6
0.21
0.43
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
0.23
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
143.2
60.4
0.15
0.22
incl
120.6
136.2
15.6
0.35
0.51
incl
124.7
128.3
3.6
1.08
1.63
FL-20-12
102.4
106.5
4.1
0.09
* No Significant Assays
** Additional sampling above and below this interval is being completed
Drill holes FL-20-01 to FL-20-05 were shallow holes drilled over a 200m strike length into the Far Lake
discovery zone and were all interrupted by diabase dykes/sills.
Drill hole FL-20-06 intersected a silicified breccia in and E-W interpreted structure with no significant Cu
results.
FL-20-07 was drilled approximately 2 km south of the main Far Lake copper zone. The hole was
designed to test two parallel EM conductive anomalies on the northern edge of the Shebandowan
greenstone belt. Alteration and pyrite mineralization were abundant, but no significant results were
received.
Drill hole FL-20-08 was drilled to test a new gold occurrence (trace to 970 ppb Au) which was identified
by Benton along the north shore of Kabaigon Lake. Drill results included 0.23g/t Au over 1.6m.
Drill hole FL-20-09 and FL-20-10 were drilled as a fence to test a 250-300 m width of the Two-Pond
structural zone that contains chalcopyrite and abundant silicification on surface. Both holes intersected
intense epidote alteration and fine chalcopyrite, mineralized in small quartz veinlets flooded throughout a
metasediment over several metres.
Drill hole FL-20-11 was designed to test Cu mineralization below the trenches dug by Benton in 2020,
along strike of the discovery zone. This area contained the highest Cu-in-soil assay values with
coincident anomalous Cu in trench sampling. The hole was drilled approximately 100m south of the
widest soil anomaly and intersected large, silicified zones, breccias, epithermal style veining and intense
sericite and epidote alteration. Highlights include
0.15% Cu and 0.15g/t Ag over 60.4m,
including
0.35% Cu and 0.51 g/t Ag over 15.6 m and 1.08% Cu and 1.63 g/t Ag over 2.6m.
Drill hole FL-20-12 was drilled below the highest Cu-in-soil anomaly on the property located along the
FL#1 structure plus outcrop containing chalcopyrite (with malachite and azurite). This hole was the
deepest of the drill program which ended at 297 m in a rusty red highly magnetic granite. Abundant
magnetite is often associated with fine-grained, disseminated chalcopyrite.
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 project 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 1.0 million shares of Sokoman Minerals Corp. (TSX-V: SIC)
which has recently released excellent drill results from its Moosehead Project in Newfoundland, and 1.36
million shares of Metallica Metals (CNQ: MM) advancing Benton's Saganaga Gold project. 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 x231
Email:
Website:
www.bentonresources.ca
Twitter:
@BentonResources
Facebook:
@BentonResourcesBEX
About White Metal Resources Corp (TSXV: WHM):
White Metal Resources Corp. is a junior exploration company exploring
in Canada. For more information
in regards to White Metal Resources Corp. you can visit the company's Web Page at
www.whitemetalres.com
.
On behalf of the Board of Directors of White Metal Resources Corp.
"Michael Stares"
President & CEO, Director
For further information contact:
Michael Stares
President & CEO, Director
684 Squier Street
Thunder Bay, Ontario, Canada, P7B 4A8
Phone: (807) 358-2420
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