Business
Benton updates exploration plans for 2008
Benton updates exploration plans for 2008
About this update from Silver Valley Metals Corp
[{"type":"text","content":"Benton updates exploration plans for 2008\n\n\n\nBenton updates exploration plans for 2008 \n\nThunder Bay , Ontario CANADA, April 04, 2008 /FSC/ - Benton Resources Corp. (BTC - TSX Venture, BNRJF - OTCBB_Pink_Sheets), (\"Benton\" or the \"Company\") is pleased to announce exploration plans for the 2008 field season on Benton's projects.\n\nBERMUDA\n\nBenton has signed a Letter Agreement to enter into an Option and Joint Venture Agreement (\"OJVA\") with Marathon PGM Corporation (Marathon) in respect to the eastern portion of Benton's 100% owned Bermuda Property, now named the Bamoos/Claw Lake/Four Dam Property (\"the BCF Property\"). The BCF Property covers 2249 hectares and is located to the north along strike and contiguous to the Marathon PGM-Cu Project. Under the terms of the OJVA Benton will allow Marathon to earn a 60% interest in the BCF Property through work, stock issue and cash payments (see BTC NR Jan 2008). Marathon has planned an aggressive work program to start in early April.\n\nOn the western portion of the Bermuda Property, Benton continues to hold a 100% interest in the Area 41 Zone and the historical Sally and Wullie Lake Deposits. Benton is planning an extensive drill program starting in late April to delineate the Area 41 zone which has been traced for more than 900 meters in drilling and has previous drill intersections of up to 1.27 gpt TPM (Pt+Pd+Au) and 0.28% Cu over 57.5 meters (SL-06-01). The Company will also further test surface showings on the Sally Lake deposit area. \n\nKINGURUTIK LAKE PROPERTY\n\nBenton's joint venture partner, Teck Cominco Limited, has recently completed an airborne geophysical survey over the remaining portions of the large Kingurutik Lake nickel property located in Labrador, north of the Voisey's Bay nickel-copper-cobalt mine. Teck Cominco is operator of the joint venture and interpretation of the survey is pending.\n\nGOODCHILD\n\nLinecutting and pulse electromagnetic surveys (currently awaiting interpretation) have just been completed on the Goodchild nickel project located north of Marathon, Ontario. Diamond drill testing of priority targets is expected to commence in June. The Goodchild project is host to several nickel showings with grab samples assaying up to...