Business
Benton starts drilling Sally Lake and Area 41
Benton starts drilling Sally Lake and Area 41
About this update from Silver Valley Metals Corp
[{"type":"text","content":"Benton starts drilling Sally Lake and Area 41\n\n\n\nBenton starts drilling Sally Lake and Area 41\n\nThunder Bay , Ontario CANADA, May 16, 2008 /FSC/ - Benton Resources Corp. (BTC - TSX Venture, BNRJF - OTCBB_Pink_Sheets), (\"Benton\" or the \"Company\") is pleased to announce that drilling has commenced on the Sally Lake and Area 41 Copper-PGM (platinum group metal) mineralized zones located on the western extent of the Company's Bermuda Property near Marathon, Ontario. \n\nDiamond drilling at Sally Lake during the 1960s outlined a resource of 60 million tons grading 0.2% copper (Cu), 27% iron (Fe), 5% titanium (Ti), and 5% phophorus (P) (Schneider's et at, 2004; OGS OFR 6148). The reader should be cautioned that the resources and reserve estimates are historical in nature, have not been verified by the issuer's qualified person and should not be relied upon. The historic resource and surrounding area was not assayed for platinum (Pt), palladium (Pd), or gold (Au) during the 1960s. Selected surface grab samples collected by Benton personnel in this area returned up to 0.06% Cu with 0.87gpt Pt + 3.05gpt Pd + 0.12gpt Au and 1.21% Cu with 1.73gpt Pt + 2.09gpt Pd + 0.18gpt Au.\n\nIn Area 41, previous drilling completed by Benton returned significant intersections of TPM (Total Precious Metal = Pt + Pd + Au) and Cu including hole SL-06-01 which returned 0.28% Cu with 1.27 gpt TPM (0.42gpt Pt + 0.74gpt Pd + 0.11gpt Au) and 0.28% Cu over 57.7m (metres) including a 24.6m intersection grading 0.35% Cu with 2.02gpt TPM (0.67gpt Pt + 1.17gpt Pd + 0.18gpt Au). All intervals reflect drill thickness (drill thickness).\n\nBenton has 6 drill holes planned at the Sally Lake Deposit to evaluate the potential of the iron titanium along with the copper, vanadium and TPM's. An additional 5 holes will be drilled at Area 41 to better define the mineralized zone of copper and TPM's that were intersected in the 2006 drill program.\n\nResults of the drilling will be released as they are received and compiled.\n\nAbout Benton Resources Corp:\n\nBenton Resources Corp. (the \"Company\") is a mineral exploration company listed on the TSX Venture Exchange under the symbol BTC. Benton's aggressive and experienced management team is focused on base and precious group metal exploration. The Comp...