Business
Benton completes airborne survey near Timmins, Ontario
Benton completes airborne survey near Timmins, Ontario
About this update from Silver Valley Metals Corp
[{"type":"text","content":"Benton completes airborne survey near Timmins, Ontario\n\n\n\nBenton completes airborne survey near Timmins, Ontario \n\nThunder Bay , Ontario CANADA, July 03, 2008 /FSC/ - Benton Resources Corp. (BTC - TSX Venture, BNRJF - OTCBB_Pink_Sheets), (\"Benton\") and Pacific Northwest Capital Corp. (\"PFN\") (TSXV: PFN) are pleased to announce that a helicopter-borne magnetic and electromagnetic (VTEM) survey has been completed over the Tooms Township claim block of the Swayze JV Project located west of Timmins, Ontario.\n\nThe Swayze joint venture was formed to explore for nickel-copper-platinum-palladium deposits in the ultramafic rocks of the Swayze Greenstone Complex, centered 80 km southwest of Timmins. Land holdings include three claim blocks totaling 670 units located in Tooms, Heenan and Kenogaming Townships. The Tooms Property is host to several nickel showings with historic drill core values of up to 0.83% Ni over 7.3m including 2.5% Ni over 1.6m (MNDM assessment files). On the Heenan Twp claim block, a 20 km grid has been established and ground magnetic and induced polarization surveys (IP) have been completed over a new gold-bearing zone discovered by prospectors John Hussey and Armand Aube of Timmins, Ontario. Initial surface grab samples from the zone have returned up to 4.3 grams per tonne gold.\n\nMapping and prospecting crews are currently active on the Heenan and Kenogaming claim blocks and will be dispatched to the Tooms property when results from the airborne survey have been compiled.\n\nBenton Resources Corp. and Pacific North West Capital are participating in a 50% - 50% Joint Venture whereby both Companies agree to bear all expenditures and participate in a single purpose unincorporated Joint Venture for the purpose of carrying out all mineral exploration. Benton is the Operator for the project and will be responsible for carrying out all exploration activities.\n\nAbout Benton Resources Corp:\nBenton Resources Corp. (the \"Company\") is a mineral exploration company listed on the TSX Venture Exchange under the symbol BTC. Benton's aggressive and experienced management team is focused on base and precious group metal exploration. The Company's diverse property portfolio includes Canadian projects which are highly prospective for gold, uranium, pl...