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Benton Resources Corp. (BTC) receives confirmation of additional ground acquisition from partner on the King Lake project in Labrador
Benton Resources Corp. (BTC) receives confirmation of additional ground acquisition from partner on the King Lake project in Labrador.
About this update from Silver Valley Metals Corp
[{"type":"text","content":"\n\n\n\nTHUNDER BAY, ON, Aug. 15 /CNW/ - Benton Resources Corp. ("Benton") has\nreceived notification from its partner Teck Cominco Limited ("Teck Cominco")\nthat they have elected to participate and add the 788 claim units recently\nstaked by Benton to the King Lake Project. The Property now totals 1793\ncontiguous claims contained in an area measuring approximately 30 by\n15 kilometres in size. This additional ground is subject to the terms and\ncondition of Benton's and Teck Cominco's original agreement.\n\n\nBenton and Teck Cominco completed an initial exploration program of\nprospecting and mapping in July and are currently awaiting results. Four grab\nsamples collected and submitted by Benton's management from the King Lake\nproject in June verify that copper, nickel and cobalt mineralization is\nassociated with a the large conductive anomaly and coincident gossanous zone\n(PR dated June 7, 2007). The four samples returned values ranging from 0.43 to\n2.02% copper, 0.06 to 0.86% nickel, and 0.07 to 0.11% cobalt. Benton and\nTeck Cominco are currently planning the next exploration phase consisting of\nground geophysics and additional geological mapping.\n\n\nThe King Lake Nickel project is located 60 km north of the world class\nVoisey's Bay nickel deposit in Labrador and is host to numerous, high-grade\nnickel-copper showings that have returned up to 6.8% copper and 1.9% nickel.\n\n\nClinton Barr (P.Geo.), V.P. Exploration for Benton Resources Corp., is\nthe qualified person responsible for this release.\n\n\nOn behalf of the Board of Directors of Benton Resources Corp.\n\n\n"Stephen Stares"\n\n\nStephen Stares, President\n\n\nTHE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT\n\n\nRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.\n\n\nForward-looking statements in this release are made pursuant to the safe\nharbor provisions of the Private Securities.\n\n\n","length":2009,"tagName":"div"}]