Benton Resources Corp ("Benton") advised of latest drill results from Marathon's drill program on the BCF Property
Benton Resources Corp ("Benton") advised of latest drill results from Marathon's drill program on the BCF Property
Thunder Bay, Ontario and Vancouver, British Columbia CANADA, August 27, 2008 /FSC/ - Benton Resources Corp. (BTC - TSX Venture, BNRJF - OTCBB_Pink_Sheets), ("Benton") has been notified by Marathon PGM Corporation ("Marathon") of the latest drill results from the BCF Property located north of Marathon, Ontario. Marathon is currently earning into the BCF Property under an option and joint venture agreement with Benton and is operator of the project. The following is Marathon's quoted press release:
"Marathon Intersects 1.05g/t PGM and Au and 0.30% Cu
over 32m on BCF JV Property
August 27, 2008 - Toronto, Ontario: Marathon PGM Corporation ("Marathon" or "the Company", MAR-TSX) is pleased to announce the newest drilling results from the Bamoos-Claw Lake-Four Dams ("BCF") Property, which is being explored under an option and joint venture agreement with Benton Resources (TSX.v:BTC). The BCF property adjoins the northern margin of the Company's Marathon Project north of Marathon, Ontario.
Highlights:
* hole MB-08-19 intersected 32m grading 1.05g/t PGM and Au and 0.30% Cu
* hole MB-08-23 intersected 28m grading 0.57g/t PGM and Au and 0.23% Cu
* downdip continuity of mineralization established
* new resource/reserve estimation is nearing completion
Marathon holes MB-08-19 and -23 are down dip from the Main Zone and located 75 m south and along strike from the 100m intersection found in hole MB-08-10. Infill drilling on the BCF property is a high priority for Marathon, as mineralization on the northern end of the Marathon deposit will provide additional tonnes to the upcoming reserve. This work is important for the Marathon Feasibility Study, as Marathon has the right to mine up to 200 meters into the BCF property prior to the JV being completed.
"These results demonstrate how extensive mineralization is, well beyond the current resource pitshell," said David Good, VP of Exploration. "Occurrences of mineralization are found for several kilometres along strike to the northwest, which will provide excellent future exploration potential."
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Results from Marathon-Benton JV Drilling
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Total
Hole From To True Pd Pt Au PGM and Cu
(m) (m) Thickness (m) (g/t) (g/t) (g/t) Au (g/t) (%)
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MB-08-18 200 206 6 0.43 0.18 0.07 0.68 0.16
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MB-08-19 170 178 8 0.73 0.27 0.07 1.07 0.14
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MB-08-19 228 238 10 0.66 0.21 0.06 0.93 0.33
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MB-08-19 242 250 8 1.05 0.29 0.10 1.44 0.29
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MB-08-19 266 270 4 0.36 0.12 0.11 0.59 0.19
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MB-08-19 276 308 32 0.73 0.24 0.08 1.05 0.30
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MB-08-20 195 199 4 0.34 0.09 0.09 0.52 0.18
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MB-08-20 210 216 6 0.31 0.15 0.04 0.50 0.17
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MB-08-22 224 234 10 0.77 0.20 0.08 1.04 0.08
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MB-08-23 273 301 28 0.39 0.13 0.05 0.57 0.23
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MB-08-23 297 301 4 0.55 0.29 0.04 0.89 0.30
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MB-08-23 307 311 4 0.91 0.09 0.03 1.03 0.56
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(1) Holes MB-08-17 and -21 intersected no significant values
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Please click on http://www.marathonpgm.com/newsmaps/2008-39.jpg to view a drill map.
Current Drilling
Marathon's drilling and trenching programs for 2008 on the BCF property will provide critical information for both furthering exploration and mine planning. Details of geology assist and guide exploration, while the mineralized boundaries will be used for mine development and planning.
Collaborating in exploration is of mutual benefit to Marathon and Benton. Information being shared between geologists is assisting prospecting further along strike, as well as adding to the knowledge base. Marathon's holes have enlarged the boundaries of mineralization, assisted by historical holes drilled by Fleck and Anaconda as well as recent drilling by Benton.
Drilling intersected mineralization that is characteristic of the Marathon deposit. Continuity of mineralization was confirmed on and across section, as well as down-dip. Marathon's drilling on the BCF property is expected to resume in 2009, where the focus will be expanding the resource along strike to the northwest.
All of the samples were sent to Accurassay, an accredited laboratory in Thunder Bay, Ontario, to be assayed using fire assay and other standard techniques.
David Good, P.Geo., VP of Exploration is Marathon's Qualified Person in compliance with National Instrument 43-101 with respect to this release. Dr. Good has reviewed the contents for accuracy and has approved this press release on behalf of Marathon.
About Marathon PGM Corporation:
Marathon is in the process of completing a definitive feasibility study on the Marathon PGM-Cu deposit, which is on track for completion in September. Marathon also has development and exploration stage properties in southeastern Manitoba and western Newfoundland and Labrador. Marathon's management plans to build on this focus through the advancement of its properties, focusing on resource development and by examining other strategic PGM and base metal opportunities within Canada.
Cautionary Statement Regarding Forward Looking Information:
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking statements". Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These risks and uncertainties include but are not limited to those identified and reported in Management's Discussion and Analysis for the year ended December 31, 2007. Circumstances or management's estimates or opinions could change, and management disclaims any obligation to revise or update forward-looking statements, whether for new information, future events or otherwise. The reader is cautioned not to place undue reliance on forward-looking statements."
For further information contact Stephen Stares
3290 Willard Ave
Thunder Bay, Ontario, P7E 6J7
Phone (807) 475-7474
Fax (807) 475-7200
www.bentonresources.ca
Investor relations:
First Canadian Capital Corp.
Daniel Boase
Phone (416) 742 5600
Toll Free: 1-866-580-8891
In U.S.A:
The Windward Agency
Kelly Boatright
Phone (704) 588 8600
Reliance on Marathon PGM and Forward-Looking Statements
The information contained in this press release is a verbatim extract of the press release issued by Marathon PGM Corporation. Although Benton believes the information included in the press release to be generally reliable, the data has not been independently verified and Benton does not assume any liability for the accuracy or completeness of such information. Furthermore, as noted above in the verbatim extract, the press release may contain forward-looking information within the meaning of applicable securities laws. Such information includes the statements contained in the verbatim extract regarding Marathon PGM's exploration and drilling plans, plans to update the mineral resource and the estimation of mineral resources and are subject to risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. The risks include those that are set out above in the verbatim extract and those contained in public documents of Marathon PGM filed on SEDAR as well as the risks set out in Benton's public documents including its management information circular and quarterly and annual management's discussion and analysis. There is no assurance that the forward-looking information contained in the press release will prove to be accurate. Accordingly, readers should not place undue reliance on the forward-looking information.
All of the information contained in the press release is qualified by this cautionary statement.
Source: Benton Resources Corp.(BTC - TSX-V) (BNRJF - Pink Sheets) http://www.bentonresources.ca
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