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Benton Options High Grade Copper Silver Gold Project from White Metal Resources Corp.
Thunder Bay, Ontario--(Newsfile Corp. - May 20, 2020) - Benton Resources Inc. (TSXV: BEX) ('Be...
About this update from Benton Resources, Inc.
[{"type":"text","content":"Benton Options High Grade Copper Silver Gold Project from White Metal Resources Corp.Thunder Bay, Ontario--(Newsfile Corp. - May 20, 2020) - Benton Resources Inc. (TSXV: BEX) ('Benton' or 'the Company') is pleased to announce that the Company has entered into a binding Letter Of Intent (\"LOI\") with White Metal Resources Corp (TSXV: WHM) (\"WHM\") whereby Benton can earn up to a 70% interest in WHM's Far Lake project (the \"Property\") located 80km west of Thunder Bay, Ontario. Recent exploration completed by WHM led to the discovery of a high-grade, semi-massive sulphide copper occurrence. Recent trenching and sampling programs at the Far Lake copper-silver-gold project provided results that include a 0.7m channel sample across massive sulphide that assayed 22.0% Cu, 30.2 g/t Ag, and 0.25 g/t Au as well as another channel sample that graded 3.54% Cu over 3m, including 4.96% Cu over 1m. Mineralization is located within a northwest-southeast trending, brecciated and silicified structure that bisects a regional granitic pluton. Sulphide mineralization in the structure has been delineated for approximately 400m and remains open in all directions. In addition, a parallel zone 2.1km west of the copper occurrence was located in the spring of 2020 and exhibits a similar intense brecciation and silicification. This second structure has been traced intermittently over a 5km strike length with chalcopyrite (copper sulphide) mineralization occurring throughout. The new zone is highly silicified and exhibits brecciation and an abundance of quartz veining with local silicified areas measuring up to 200m wide. Mineralization identified to-date on the Property displays characteristics suggestive of multiple mineralizing events, at both the property and regional scale. Beyond the large silicified zones, the project also contains a boulder that was assayed by WHM and contained 0.293% Cu, 1.71g/t Pd, 0.3g/t Pt and 0.219g/t Au. Locating the source of this boulder will be an important activity to prove that Far Lake has the potential to also not only host copper-silver-gold, but also PGE's. The appearance of the boulder suggests the bedrock source is not far and only traveled a short distance during glaciation. While the project is very early stage and has little historical exploration, there are a number of exciting targets that can be efficientl...