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Benton's surface samples return up to 492.6 g/t (14.37 oz/T) gold on the Block A Property
THUNDER BAY, ON, July 7 /CNW/ - Benton Resources Corp (BTC: TSX.V, "Benton" or "the Company") is ...
About this update from Silver Valley Metals Corp
[{"type":"text","content":"\n\n\n\nTHUNDER BAY, ON, July 7 /CNW/ - Benton Resources Corp (BTC: TSX.V,\n"Benton" or "the Company") is pleased to announce that the Company has\nreceived high grade assay results from the Golden Harp Block A Property,\nlocated approximately 30 km west of the town of Gowganda and 87 km southwest\nof Kirkland Lake, Ontario.\n\n\nThree (3) grab samples collected from an outcrop of sulphide-rich altered\nultramafic volcanic rock returned 492.6 g/t (14.37 oz/T), 9.94 g/t (0.29 oz/T)\nand 0.79 g/t (0.02 oz/T) gold. The samples were analysed using the screened\nmetallics method whereby the pulverized rock is sieved through several size\nfractions, each of which is then assayed with final analysis reported as a\ncalculated weighted average of gold in the entire sample. Previous surface\ngrab samples collected by Golden Harp Resources Inc. (GHR:TSXV) nearby\nreturned up to 12.0 g/t gold (see Golden Harp press release dated December 02,\n2008).\n\n\nThis discovery is significant as it is located approximately 100 meters\nsouthwest and on strike of the MC Zone. The MC Zone was discovered by Golden\nHarp Resources in 2008 and is hosted within a thick package of green\ncarbonate, albite, hematite and pyrite altered ultramafic and mafic volcanic\nrocks. To date, five holes have tested the MC Zone over a strike length of\n220m. All holes intersected widespread anomalous gold mineralization including\n44.0m of 0.89 g/t Au from hole GH-025 and 9.0m of 3.6 g/t Au (including a high\ngrade interval of 2.0m grading 14.29 g/t Au) from hole GH-019.\n\n\nThe MC Zone is located approximately 1.3 km east of the Cook Zone, where\nrecent drilling by Benton intersected 8.5m grading 5.03 g/t Au (GH09-01), 5.5m\ngrading 11.9 g/t Au (GH09-02) and 3.0m grading 21.41 g/t Au (GH09-06).\n\n\nAn active exploration program is ongoing on the property. A 41 kilometre\n(km) grid has been established and soil sampling (assays pending) and ground\nmagnetic surveys have been completed. An induced polarization survey is\ncurrently in progress and prospecting and geological mapping will begin this\nweek.\n\n\nNote: g/t (equal sign) gram per tonne, oz/t (equal sign) ounce per ton.\n\n\nBenton currently has approximately $13.5 million in cash, owns a 34.3%\ninterest in Coro Mining Corp (TSX.COP), holds an approximate 5% interest in\nMarathon PGM Corp (T...