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BENTON RESOURCES CORP. (BTC) Completes Airborne Survey on Goodchild Ni-Cu-PGE Project and Commences Drilling on Bermuda Cu-PGM Project
BENTON RESOURCES CORP. (BTC) Completes Airborne Survey on Goodchild Ni-Cu-PGE Project and Commences Drilling on Bermuda Cu-PGM Project.
About this update from Silver Valley Metals Corp
[{"type":"text","content":"\n\n\n\nTHUNDER BAY, ON, June 12 /CNW/ - Benton Resources Corp. ("Benton" or\n"Company") is pleased to announce that the Company and its partner Stillwater\nMining Company ("SWC") have completed a 957 line-kilometer airborne magnetic\nand electromagnetic (VTEM) survey on the Goodchild and South Goodchild\nNi-Cu-PGE projects (collectively the "Goodchild Project"). A full\ninterpretation of the data is expected soon.\n\n\nThe Goodchild Project is located approximately 15 kilometres north of\nMarathon, Ontario and is host to several nickel showings with grab samples\nassaying up to 12.6% nickel (obtained by Falconbridge/Xstrata personnel during\nlate 2006 field season). The large ultramafic intrusion measures approximately\n5km by 8km and has numerous untested airborne electromagnetic anomalies\ndetected from a survey completed almost 20 years ago.\n\n\nIn addition to completion of the Goodchild airborne survey, Benton would\nlike to announce that the company has commenced drilling on its 100% owned\nBermuda Cu-PGM project located 10km north of the town of Marathon, Ontario.\nThe Bermuda property lies directly along strike of Marathon PGM Corp's deposit\nwhich has a resource of 2.9 million ounces TPM (Total Precious Metals(equal sign)\nPlatinum+Palladium+Gold) and 514 million pounds of copper (MAR PR Feb 17,\n2007). Exploration at Bermuda has uncovered significant mineralization over a\nstrike length of 17km and intercepts thus far have been very similar to those\nfrom the Marathon deposit. Drill results from the first phases of exploration\ninclude 1.74gpt TPM and 0.28 Cu over 29.3 metres (collared 50 metres north of\nthe Marathon deposit), 1.16gpt TPM and 0.43 Cu over 41.5 metres and 3.11gpt\nTPM with 0.41% Cu over 11.6 metres (collared 450 metres north of the Marathon\ndeposit) and 1.25gpt TPM and 0.58% Cu over 102m (collared 400m north on the\nMarathon deposit).\n\n\nBenton's newest discovery at Bermuda sits approximately 14km west along\nstrike of the Marathon deposit where trenching and drilling has recently\nidentified a large copper and precious metal zone named Area 41. Drill\nintercepts from Area 41 have included up to 61.15 metres grading 1.23gpt TPM\nand 0.28% Cu. Benton will keep shareholders updated on developments on the\nProjects as exploration moves forward.\n\n\nClinton Barr...