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Benton Completes Drilling at Far Lake Iron Oxide Copper Gold Project and Announces Non-Brokered Private Placement
Thunder Bay, Ontario--(Newsfile Corp. - November 19, 2020) - Benton Resources Inc. (TSXV: BEX)...
About this update from Benton Resources, Inc.
[{"type":"text","content":"Benton Completes Drilling at Far Lake Iron Oxide Copper Gold Project and Announces Non-Brokered Private PlacementThunder Bay, Ontario--(Newsfile Corp. - November 19, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that it has completed the maiden drill program on its Far Lake Iron Oxide Copper Gold (\"IOCG\") project located 80km west of Thunder Bay, Ontario. The drill program consisted of 12 holes totalling approximately 2,000m (BTW diamond drill core), ten of which focused on various Cu targets within a large felsic intrusive package of rocks plus two drill holes spaced approximately 4km apart targeting airborne EM conductive anomalies within metavolcanic rocks of the Shebandowan greenstone belt. In addition, the Company has confirmed the presence of anomalous Rare Earth Elements (\"REE\") and uranium associated with the large felsic intrusive complex being targeted. REE's and uranium are common, characterizing minerals of IOCG deposits around the world. Benton's anomalous REE/Uranium samples were taken within a highly magnetic granitic body (near a 500m long REE soil anomaly) and within a hematite breccia located approximately 500m southwest of the Far Lake main zone. The Company considers these occurrences to be important in helping target the potential core of a large tonnage IOCG deposit.The exploratory drill program was successful in confirming and expanding the Company's knowledge of a very large alteration system (mainly sericite, epidote and hematite) that correlates with known surface copper mineralization and has been discovered within and around the large magnetic felsic intrusion. In addition, the drilling has identified new sulphide mineralization associated with epithermal style veining associated with intense, widespread epidote alteration. Preliminary details of the drill holes are as follows:Drill holes FL-20-01 to FL-20-05 were drilled over a 200m strike length into the main Far Lake copper zone. FL-20-03 intersected some of the best coarse chalcopyrite over narrow widths. Assays are pending. Drill hole FL-20-06 intersected a silicified breccia over several metres with trace sulphide mineralization. Assays are pending. Drill hole FL-20-09 and 10 were drilled as a fence to test 250-300m width of the Two Pond structural zone that contains chalcopyrite and abundant si...