Nov 10 2014
Benton Resources Inc. ("Benton" or "the Company") is pleased to announce that the Company's joint venture partner (the "Partner") has recently completed a 2,950km VTEMplus electro magnetics (EM) and magnetics (Mag) airborne survey at the Mealy Lake property in Labrador of which 1254km covered Benton's land position.
Preliminary data suggests multiple strong and moderate EM conductors have been identified in numerous areas of the project. Subsequent field follow up to assess the preliminary conductive areas have identified pyrrhotite and chalcopyrite sulphide mineralization in limited gossanous exposures that appear to have cumulate textures. To date, preliminary grab samples in two areas within the Benton option ground have returned values from copper mineralization with one area assaying from trace to 1% copper. Soils were also completed in areas showing anomalous EM responses but limited outcrop exposure to aid in identification of possible base and precious metal mineralization. Due to the late season start, processing of geophysical data and compilation of ground data is currently ongoing.
The Mealy project is contiguous and within the same mafic complex as Altius Minerals Corp.'s ("Altius") Natashquan property located approximately 140 kilometres southwest of Churchill Falls in Labrador. Altius previously announced their new Natashquan property Ni-Cu-Co-PGE discovery which they subsequently joint ventured to Anglo American ("Anglo"). Exploration highlights from Altius' Nastashquan discovery include; "2.68g/t combined Pt, Pd and Au (grab) - 6.14% Cu and 388ppb Pt - 1.04g/t combined Pt, Pd, Au and 1.06% Cu over 1.30m (channel) - 1.04 combined Pt, Pd, Au and 3.92% Cu over 1.00m (channel) - 2.49g/t combined Pt, Pd and Au and 1.07% Ni (grab) - several grab samples >7% Cu" (http://altiusminerals.com/projects/natashquan).
Under terms of the agreement, the Company's Partner can earn a 71% interest in Benton's Mealy Project by spending $2.4 million in exploration within 4 years (see Benton press release dated August 16, 2013) at which point a joint venture will be formed between the Company and the Partner. Benton will retain a 1% NSR on the project and the Partner will be the operator of the project while it holds a majority interest.
About Benton Resources Inc. (TSXV: BEX)
Benton Resources Inc is a Canadian-based junior with a diversified property portfolio in Gold-Silver, Nickel, Copper, and Platinum group elements. The Company is well funded with approximately $6.0 million in cash and $0.7 million in marketable securities.
Stephen House (P.Geo.), is the qualified person responsible for this release.
On behalf of the Board of Directors of Benton Resources Inc.,
Stephen Stares, President
Source: http://www.bentonresources.ca