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Benton and Grandcru commence trenching program on new uranium discovery
Benton and Grandcru commence trenching program on new uranium discovery.
About this update from Silver Valley Metals Corp
[{"type":"text","content":"\n\n\n\nTHUNDER BAY, ON, July 25 /CNW/ - Benton Resources Corp. ("Benton") and\njoint venture partner Grandcru Resources Corp ("Grandcru") are pleased to\nannounce that a trenching program has commenced on the South Sibley block\nwhere the companies have previously announced encouraging results from an\nongoing prospecting program. Pursuant to the previous announcement (BTC PR\nJune 14, 2007), samples collected graded up to 1.01% U(3)0(8), 71.0 grams per\ntonne (gpt) silver, 0.20% copper, and 0.15% lead from a mineralized hematite\nbreccia zone. These samples also contain elevated values for molybdenum (up to\n440 ppm, background 12 ppm), arsenic (up to 139 ppm, background 5 ppm), and\nrare earth elements cerium (up to 466 ppm, background 60 ppm), and lanthanum\n(up to 221 ppm, background 12 ppm).\n\n\nThe coincident uranium-copper-silver assays in a hematite breccia host\nalong with the enriched element values suggest a similar geochemical signature\nas noted in IOCG deposits around the world (Olympic Dam in Australia, Salobo\nin Brazil). The samples cover an area measuring approximately 200 metres by\n250 metres and are proximal to the Goodmorning Lake fault zone. Preliminary\ndata from the recently completed airborne geophysical survey (Geotech Ltd.,\nVTEM) suggest the mineralization is associated with conductive electromagnetic\n(EM) responses.\n\n\nBenton and Grandcru are pleased about the new discoveries and potential\nIOCG targets as they search for Athabasca-type uranium deposits under the\nSibley sediments on the unconformity. The South Sibley property has excellent\naccessibility and lies only a few kilometers north of the Trans Canada\nHighway. Prospecting is ongoing and results from other highly radioactive\nzones are anticipated in the near future.\n\n\nClinton Barr (P.Geo.), V.P. Exploration for Benton Resources Corp., is\nthe qualified person responsible for this release.\n\n\nOn behalf of the Board of Directors of Benton Resources Corp.\n\n\n"Stephen Stares"\n\n\nStephen Stares, President\n\n\nTHE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT\n\n\nRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.\n\n\nForward-looking statements in this release are made pursuant to the safe\nharbor provisions of the Private Securities.\n\n\n","length":2387,"tagName":"div"}]