Business
Benton Stakes New Black Shale Project and Provides Update
Thunder Bay, Ontario--(Newsfile Corp. - January 30, 2018) - Benton Resources Inc. (TSXV: BEX...
About this update from Benton Resources, Inc.
[{"type":"text","content":"Benton Stakes New Black Shale Project and Provides UpdateThunder Bay, Ontario--(Newsfile Corp. - January 30, 2018) - Benton Resources Inc. (TSXV: BEX) (\"Benton\" or \"the Company\") would like to announce that it has acquired the Cape Eagle project on the Great Northern Peninsula by staking 4 licenses containing 228 claim units which covers similar geology to that of the Company's GNP project and that of White Metal Resources Corp's new black shale discovery of anomalous gold values over approximately a 15 square kilometer area (see White Metal Resources Corp. PR dated November 20, 2017). Benton's management believes this gold-enriched black shale model exhibits many similarities to that of the large Sukhoi Log deposit located in Russia. The Company intends to immediately apply for a permit to conduct an electro-magnetic (EM) airborne survey which could be completed concurrently with that being completed at the Company's new black shale GNP project located 26 km to the north. The new property may also have base metal potential as it surrounds Altius Minerals Corporation's Sail Pond project which is host to high grade silver, copper, lead and zinc mineralization. In addition, Benton has been creating ice pads at their Bedivere Lake gold project in preparation for the upcoming third phase of diamond drilling. The Bedivere gold project is located 130km west of Thunder Bay in northwest Ontario and strategically located between the multi-million ounce Hammond Reef gold deposit located 43km to the west and the Moss Lake gold deposit located 37km to the east. Highlights from 2017 drilling at Bedivere include 6.43grams per tonne (\"gpt\") over 2.0m in BED-17-001 and 37.3gpt gold (\"Au\") over 1.0m in BED-17-003, 3.09gpt Au over 4.0m and 11.2gpt Au over 1.0m in BED-17-13, 7.87gpt over 2.1m in BED-17-16 and 2.73gpt over 4.0m in BED-17-20. The Company is now starting to see distinctive plunges of higher grades within the wide alteration zones and will target these areas in the upcoming drill program as well as attempt to extend the main Traxxin Zone mineralization along strike to the north. In addition drilling has identified highly prospective areas to the south where wide zones of highly anomalous gold have been intersected in the last hole completed, BED-17-021, including 42.0m of altered quartz breccias that grade 0.21gpt Au with loca...