Business
Benton Resources Corp. (BTC) receives new results from the King Lake copper-nickel-cobalt project in Labrador
Benton Resources Corp. (BTC) receives new results from the King Lake copper-nickel-cobalt project in Labrador.
About this update from Silver Valley Metals Corp
[{"type":"text","content":"\n\n\n\nTHUNDER BAY, ON, Sept. 5 /CNW/ - Benton Resources Corp. ("Benton") is\npleased to report the first batch of assays for grab samples collected from\nseveral conductive zones on the King Lake property in Labrador where it is in\npartnership with Teck Cominco Limited ("Teck Cominco"). The results confirm\nthe occurrence of copper, nickel and cobalt mineralization on five separate\nzones being explored by the joint venture.\n\n\nA total of 73 grab samples were collected from five conductive areas\nidentified by an AeroTEM survey completed in April 2007. The conductive zones\noutlined by the airborne have been labeled Targets P, Q, S, G, and D. A\nsummary of highlights follows:\n\n\nTarget P: 39 samples collected from a 700 metre by 300 metre zone\nreturned assays grading up to 2.25% copper (Cu), 0.93% nickel (Ni), and 0.14%\ncobalt (Co). These significant results are consistent with the first four King\nLake samples reported by Benton on July 18, 2007, which were also taken from\nthis target area.\n\n\nTarget Q: 27 samples collected in two groups. The samples were gathered\nfrom two separate linear zones, 300 metres apart, with each zone measuring\napproximately 200 metres by 30 metres. Assays from Target Q graded up to\n1.97% Cu, 0.70% Ni and 0.13% Co.\n\n\nTarget S: 3 samples collected from a 150 metre by 75 metre zone returned\nassays grading up to 1.90% Cu, 0.22% Ni and 0.14% Co. Samples from Target S\nalso returned the highest gold and silver values at 674 ppb and 4.82 ppm\nrespectively.\n\n\nTarget G: 2 samples collected 5 metres apart returned assays grading up\nto 1.00% Cu, 1.18% Ni, and 0.15% Co. The highest platinum (Pt) and palladium\n(Pd) values came from these two samples, including 239 ppb Pd and 115 ppb Pt.\n\n\nTarget D: 2 samples collected 10 metres apart returned assays grading up\nto 0.24% Cu, 0.85% Ni and 0.06% Co.\n\n\nIn addition to the above areas, a single sample was collected from a\nshowing discovered in the mid-1990s by Castle Rock Exploration ("CRE"). This\nshowing is situated 6 km due south of Targets D and G and 10 km east of\nTargets P and Q. Assays from four samples reported by CRE contained values of\n0.22% to 0.78% Cu and 0.23% to 0.86% Ni. This showing did not appear to have a\nconductive response based on the new AeroTEM survey and the single sample\nrecently ...