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Benton hits wide zones of Platinum group metals and Copper at Area 41
Benton hits wide zones of Platinum group metals and Copper at Area 41
About this update from Silver Valley Metals Corp
[{"type":"text","content":"Benton hits wide zones of Platinum group metals and Copper at Area 41\n\n\n\nBenton hits wide zones of Platinum group metals and Copper at Area 41\n\nThunder Bay , Ontario CANADA, June 25, 2008 /FSC/ - Benton Resources Corp. (BTC - TSX Venture, BNRJF - OTCBB_Pink_Sheets), is pleased to announce that assay results for the first hole drilled from the most recent drill campaign at Area 41 have been received. \n\nDrill hole SL-08-21 intersected 61.5m grading 1.29gpt TPM and 0.17% Cu. Several higher grade sections within the above intersection include 4.06gpt TPM and 0.17% Cu over 4.5m and 4.34gpt TMP and 0.29% Cu over 3.0m.\n\nThe Company views the new results as very significant as they extend the known mineralization to depth and confirm high platinum to palladium ratios at Area 41. The Pt:Pd ratio at Area 41 is approximately 1:2 versus the historical ratio of 1:4 on the remainder of the Bermuda Property.\n\nBenton is currently waiting for results from an additional 4 holes drilled at Area 41 and a further 6 holes drilled on the Sally Lake deposit area. The Sally Lake deposit, drilled in the 1960's, has a historical resource of 60mt grading 0.2% copper, 27% iron and 5% titanium (Schneider's et at, 2004; OGS OFR 6148). This resource is non 43-101compliant and the company has not verified the calculation. During the time of exploration in the 1960's assays for Platinum, Palladium and Gold was not completed. Surface sampling completed by Benton personnel has returned results of up to 5.0 gpt TPM at Sally Lake. Benton is currently evaluating the potential of the iron, titanium, vanadium, and phosphorus along with the copper and platinum group metals.\n\nManagement is excited about these recent results from the west end of the Coldwell Complex as they demonstrate the potential to host large resources of platinum group metals and copper similar to the nearby Marathon deposit, which is currently undergoing a feasibility study by Marathon PGM Corp. \n\nResults for the remainder of the drilling will be released as they are received and compiled. \n \n From To Length &...