THUNDER BAY, ONTARIO--(Marketwired - Oct. 15, 2015) - Benton Resources Inc. (TSX VENTURE:BEX) ("Benton" or "the Company") is pleased to announce that the Company has received its permit for drilling on the Staghorn gold property (under option from Metals Creek Resources Corp., see Benton press release dated November 18, 2014). Benton is planning a 1000m to 1500m diamond drilling program to test multiple gold showings, soil geochemical and geophysical anomalies identified by the Company during this summer's exploration program. One of the priority drill targets will be the high grade Ryan's Hammer trend, where selective grab samples from numerous large angular mineralized boulders and outcrop have returned significant assay results ranging from trace up to 31 grams per tonne (gpt) gold. Drilling will also test the Rich House zone where selective grab samples returned assays ranging from trace up to 189.2 gpt gold. Drilling is expected to commence within the next few days and results will be released once they are received and compiled by the Company.
The Cape Ray/Victoria Lake regional fault zone hosts a number of gold deposits, including Marathon Gold's Valentine Lake deposit, located 30km to the northeast of the Staghorn project, and Benton's Cape Ray gold deposits located approximately 100km to the southwest.
All assays were completed by Eastern Analytical of Springdale, NL using pulp metallic and fire assay.
About Benton Resources Inc. (TSX VENTURE:BEX)
Benton Resources Inc. is a well funded Canadian-based junior with a diversified property portfolio in Gold-Silver, Nickel, Copper, and Platinum group elements.
Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Inc., is the qualified person responsible for this release.
On behalf of the Board of Directors of Benton Resources Inc.,
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections