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Benton intersects high grade nickel and gold at Armit Lake
Benton intersects high grade nickel and gold at Armit Lake
About this update from Silver Valley Metals Corp
[{"type":"text","content":"Benton intersects high grade nickel and gold at Armit Lake\n\n\n\nBenton intersects high grade nickel and gold at Armit Lake\n\nThunder Bay , Ontario CANADA, May 12, 2008 /FSC/ - Benton Resources Corp. (BTC - TSX Venture, BNRJF - OTCBB_Pink_Sheets), (\"Benton\" or the \"Company\") is pleased to release partial assay results from the first phase of diamond drilling at the Company's 100% owned Armit Lake property. Results have been received for five (holes 1, 2, 7, 8, and9) of the total thirteen drill holes completed.\n\nThe most significant results include a mineralized zone in Hole 08 that assayed 1.57% nickel (Ni) and 0.08% cobalt (Co) over 7.8 metres (m) from 32.0m to 39.8m down hole in an altered ultramafic rock unit. Within this intersection was narrower but higher grading material of 3.7% Ni and 0.2% Co over 2.55m. Hole 08 was drilled under the DC Creek nickel showing where selected surface grab samples returned up to 4.17% Ni. Hole 09, designed to test the mineralization under Hole 08 intersected 0.60% Ni over 1.5m before entering an intensely altered fault zone. The nickel tenor is quite good considering the relatively low sulphide content of 10-15%.\n\nThe second significant intersection is a new gold (Au) discovery. Hole 07, drilled 800m to the east of Hole 08, intersected a new gold zone that graded 23.03grams per tonne (gpt) Au over 1.5m at 100m down hole. The gold intersection is surrounded by a low grade halo and is hosted by a mixed and altered mafic volcanic and metasediment package containing 2-3% sulphide. Follow up drilling is needed to determine the extent and true thickness of the nickel and gold mineralization.\n\nDrill holes 01 and 02 tested a strike extensive coincident ground magnetic and induced polarization (IP) target in the west central portion of the property. The holes were 600m apart and intersected well banded oxide and silica (chert) facies iron formation. The most significant assay came from Hole 01 that included 0.36gpt Au over 1.5m at 180m down hole in an altered ultramafic. Hole 02 drilled through the iron formation but stopped short of the altered ultramafic.\n\nThe Armit Lake property has seen limited historical exploration efforts so the new gold and nickel discoveries i...