Business
Benton discovers new zinc showing on recently staked Gem Property
Benton discovers new zinc showing on recently staked Gem Property.
About this update from Silver Valley Metals Corp
[{"type":"text","content":"\n\n\n\nTHUNDER BAY, ON, Oct. 24 /CNW/ - Benton Resources Corp ("Benton" or the\n"Company") is pleased to report that it has recently acquired by staking a new\ncopper-zinc project.\n\n\nRecent prospecting on the Gem Property, located north of Thunder Bay,\nOntario in the Garden Lake Greenstone Belt, has identified several large\ngossanous outcrops with local pods of massive sulphides consisting of\npyrrhotite, pyrite, sphalerite and galena mineralization. This new showing,\nnamed Ruby Hill, is currently the focus of a mechanical trenching program\ninitiated to expose the extent and nature of the base metal mineralization.\n\n\nThe property is host to numerous coincident electromagnetic airborne\nconductive anomalies and aeromagnetic highs identified by a government\ngeophysical airborne survey released in 2000. Conductive responses in the\nimmediate area of the newly discovered base metal mineralization range from\nweak to strong and stretch for more than 1.2 kilometres along the strike of\nthe host country rock.\n\n\nResearch of the government assessment files indicates that very little\nexploration has taken place in the area. Several diamond drill collars have\nbeen located approximately two kilometres across strike to the south of the\nnew base metal discovery.\n\n\nThe Gem Property is a significant new addition to Benton's already large\nprospective property portfolio. Prospecting and mechanical trenching will\ncontinue with grid establishment, geological mapping, and ground geophysical\nsurveys (magnetics and electromagnetics (MaxMin)) currently being designed.\nGrab samples of the mineralization have been collected and submitted to\nAccurassay Laboratories of Thunder Bay, Ontario. These results are currently\npending and will be reported on when received.\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":2398,"tagName":"div"}]