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Benton Resources Corp. (BTC) to aggressively pursue acquisition and advancement of copper-nickel-cobalt projects
THUNDER BAY, ON, Nov. 16 /CNW/ - Benton Resources Corp. ("Benton") is pleased to announce the acq...
About this update from Silver Valley Metals Corp
[{"type":"text","content":"\n\n\n\nTHUNDER BAY, ON, Nov. 16 /CNW/ - Benton Resources Corp. ("Benton") is\npleased to announce the acquisition by staking of two new copper-nickel-cobalt\n(Cu-Ni-Co) projects in Labrador. The Delta property is located approximately\n25km to the southeast of the Voisey's Bay Cu-Ni-Co deposit and the Rim\nproperty is located approximately 100 km south of the Voisey's Bay deposit.\n\n\nThe Delta property is situated in a geological setting consisting of\nmafic intrusive rocks (troctolitic and gabbroic) with coincident aeromagnetic\nfeatures and locally anomalous copper, nickel, and cobalt in lake sediments.\nThe Delta property is composed of two claim blocks totaling 184 units and is\nenclosed by CVRD Inco claims that are currently undergoing Ni-Cu-Co\nexploration.\n\n\nThe Rim property consists of seven claim blocks totaling 1566 claims\nunits that cover similar geophysical and geochemical features noted in the\nVoisey's Bay deposit area. The project is situated along the rim of a large\nmid-Proterozoic intrusive complex and cut by numerous structures. Historical\ndiamond drilling adjacent to the Rim property intersected high grade Cu-Ni-Co\nmineralization grading up to 10.2% Cu, 11.6% Ni, and 0.42% Co during the late\n1990's (Donner Metals Ltd. website, www.donnermetals.com, SVB Project). Benton\nis planning an aggressive spring program on both projects.\n\n\nBenton has also granted 25,000 options to an employee of the company\nexercisable at $0.93 for five years.\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 Litigation Reform act of 1995.\nInvestors are cautioned that such forward-looking statements involve risks and\nuncertainties.\n\n\n","length":2210,"tagName":"div"}]