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Benton Resources Corp ("Benton") receives further encouraging results from its joint venture partner on the BCF property quoted below
Benton Resources Corp ("Benton") receives further encouraging results from its joint venture part...
About this update from Silver Valley Metals Corp
[{"type":"text","content":"Benton Resources Corp (\"Benton\") receives further encouraging results from its joint venture partner on the BCF property quoted below\n\n\n\nBenton Resources Corp (\"Benton\") receives further encouraging results from its joint venture partner on the BCF property quoted below\n\nMarathon Completes 2008 Drilling Program on BCF JV Property, Intersecting 1.41g/t PGM and Au and 0.34% Cu Over 100m\n\nThunder Bay, Ontario and Vancouver, British Columbia CANADA, September 04, 2008 /FSC/ - Benton Resources Corp. (BTC - TSX Venture, BNRJF - OTCBB_Pink_Sheets), September 4, 2008 - Toronto, Ontario: Marathon PGM Corporation (\"Marathon\" or \"the Company\", MAR-TSX) announced today the latest 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. \n\nHighlights:\n* hole MB-08-42 intersected 100m grading 1.41g/t PGM and Au and 0.34% Cu \n* hole MB-08-33 intersected 92m grading 1.32g/t PGM and Au and 0.30% Cu \n* BCF drilling will be added to upcoming reserve estimate\n* delineating the northern margin of mineralization is important for mine planning purposes\n\nSignificant results from the BCF drilling include two intersections of 92m and 100m intersection at grades slightly better than the average for the Main Zone. The first intersection in hole MB-08-33 consists of 92m grading 0.30% Cu and 1.32g/t PGM and Au including 27m grading 0.54% Cu and 3.00g/t PGM and Au. The second intersection in hole MB-08-42 consists of 100m grading 0.34% Cu and 1.41g/t PGM and Au including 16m grading 0.67% Cu and 3.01 g/t PGM and Au. This intersection is significant as it occurs 35m south along strike of hole MB-08-10 which also contained 100m of mineralization. \n\nThe joint venture with Benton Resources has been of great importance to Marathon. The JV agreement allows for mining of the boundary pillar that would otherwise be required by law to be left between Marathon's and Benton's properties. Consequently, the resources to the north and south of this boundary will be added to the upcoming reserve estimates. Marathon h...