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Benton Options Part of Trillium Vanguard Property
Jan. 12, 2011 (Filing Services Canada) -- Trillium North Minerals Ltd. (TNM - TSX Venture), ("T...
About this update from Silver Valley Metals Corp
[{"type":"text","content":"\nBenton Options Part of Trillium Vanguard Property\n\n\n Jan. 12, 2011 (Filing Services Canada) -- Trillium North Minerals Ltd. (TNM - TSX Venture), (\"Trillium\") and Benton Resources Corp. (BTC ? TSX Venture)(\"Benton\"), have signed a Letter of Intent (\"LOI\") which grants Benton the exclusive right to earn up to 70% interest in 5 mineral claims totaling 27 units by making various option payments and work commitments.  Under the terms set out in the LOI, Benton can earn an initial 50% interest in the property by paying $80,000 in cash and 100,000 shares to Trillium and completing $200,000 in exploration expenditures over 3 years.  Benton can earn an additional 10% by completing a further $200,000 in exploration expenditures over a further 2 years and a further 10% by completing a further $600,000 in exploration expenditures over a further 2 years.The Shebandowan North property is located approximately 90 km west of Thunder Bay, Ontario and adjoins Benton's newly acquired 100%-owned Shebandowan project located in the central portion of the Shebandowan greenstone belt.  Located less than 20 km along strike to the west are the past producing Ardeen and Coldstream gold deposits as well as the Moss Lake gold deposit.  The Moss Lake deposit hosts a NI 43-101 compliant resource of 56.1Mt grading 0.92 g/t gold containing approximately 1.51 million ounces of gold (www.mosslakegold.com). The Coldstream deposit contains a historic resource (non NI 43-101 compliant) of 5.1Mt grading 1.4 g/t gold (www.altoventures.com). Approximately 20 km along strike to the west of the North Shebandowan project sits the Swamp River / Band-Ore gold deposit with a historic resource (non NI 43-101 compliant; Canadian Mines Handbook, 1998-99, p.63) of 998,000T grading 0.12 oz/T gold (approximately 905,000t grading 4.11 g/t) and the Vanguard Copper-Zinc-Gold deposit is situated only 4 km along strike to the east (www.trilliumnorth.com). Nickel production from the Shebandowan greenstone belt consisted of historic production of 8.7 million tons grading 2.07% nickel, 1% copper and approximately 3 g/t combined platinum group metals plus gold (www.nap.com) with current measured and indicated resources (NI 43-101 compliant) totaling 2.58 million tonnes grading 0.91% nickel, 0.62% copper, 1.09 g/t palladium, 0.34 g/t platin...