15:23:52 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Benton Resources Inc
Symbol BEX
Shares Issued 84,168,531
Close 2019-04-24 C$ 0.045
Market Cap C$ 3,787,584
Recent Sedar Documents

Benton Resources completes sampling survey at Panama

2019-04-25 10:18 ET - News Release

Mr. Stephen Stares reports

BENTON COMPLETES LAKE SEDIMENT SAMPLING SURVEY AND COMMENCES DETAILED AIRBORNE MAGNETIC SURVEY AT THE PANAMA PROJECT, RED LAKE MINING DISTRICT

Benton Resources Inc. has collected 120 lake sediment samples, which have now been submitted for analysis at Activation Laboratories in Thunder Bay, Ont. The survey was completed on Slate Lake and designed to delineate the source of the 107 gold grains in a glacial till sample collected by the Geological Survey of Canada in 1999. This sample had the highest count of gold grains in the survey and the bedrock source has yet to be determined, but it is believed to be within the area of the sediment survey.

Benton has also contracted Prospectair Geosurveys to fly a highly detailed, 50-metre-spaced airborne magnetic survey over the entire project, which is scheduled to be completed within two weeks. Interpretation of the survey will aid in targeting favourable structures, folds and lithological contacts for summer prospecting and mapping.

Highlights from Benton's phase 1 drill program released last month are provided in the attached table.

Hole               From           To     Interval         Gold                    Composite 
                     (m)          (m)          (m)        (g/t)
      
PL-19-01           79.6         87.2          7.6         1.58       1.58 g/t Au over 7.6 m
Including          79.6         84.3          4.7         2.34       2.34 g/t Au over 4.7 m
PL-19-02          148.5          155          6.5         1.23       1.23 g/t Au over 6.5 m
PL-19-03           79.6         85.4          5.8         1.21       1.21 g/t Au over 5.8 m
Including          82.4         84.4            2         2.55         2.55 g/t Au over 2 m
PL-19-04           72.8         78.6          5.8         1.07       1.07 g/t Au over 5.8 m
Including          75.8         78.6          2.8         1.67       1.67 g/t Au over 2.8 m
PL-19-05B          77.5         93.6         16.1         0.57      0.57 g/t Au over 16.1 m
Including            89           91            2         2.07         2.07 g/t Au over 2 m
PL-19-06             82           83            1        0.427        0.427 g/t Au over 1 m
PL-19-07           35.4         36.4            1        0.563        0.563 g/t Au over 1 m
PL-19-08          270.5          279          8.4         0.18       0.18 g/t Au over 8.4 m
PL-19-09            100          102            2        0.425        0.425 g/t Au over 2 m 

Bolton Bay option

The company has terminated the Bolton Bay option (see company press release dated April 13, 2018), as results obtained by Benton did not meet the company's expectations. More work is required to advance Bolton Bay and Benton feels that its efforts are better focused elsewhere.

Qualified person

Nathan Sims, professional geoscientist, senior exploration manager for Benton Resources, 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.

About Benton Resources Inc.

Benton Resources is a well-financed 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 NI 43-101 report available.

We seek Safe Harbor.

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