Benton Stakes Additional Ground and Updates Exploration Activities at Cape Ray, Newfoundland
October 9, 2013 (Source: Marketwired) — Benton Resources Inc. (TSX VENTURE:BEX) (“Benton” or “the Company”) is pleased to announce that the Company has staked an additional 108 claim units contiguous to the Cape Ray project bringing the total land holding to 657 claim units (16,425 hectares). These new claim units encompass several areas of highly prospective ground proximal to the Cape Ray deposits and where historical drilling intersected highly anomalous values of Copper, Lead, Zinc, Silver and Gold. Other historical work in the area included a glacial till sampling program from which heavy mineral concentrates were processed that yielded assays up to 3.06gpt Gold for which the source has yet to be explained.
Current ongoing ground exploration consisting of prospecting, soil geochemical sampling, line-cutting, geological mapping and an Induce Polarization geophysical survey are underway and results of the metallurgical test work being completed on the 150 kilogram mini bulk sample submitted to Met-Solve Laboratories (see Benton Resources NR August 29, 2013) are expected shortly.
About Benton Resources Inc. (TSX VENTURE:BEX)
Benton Resources Inc. is a well-funded Canadian-based junior with approximately $7 million in cash and $1.4 million in equities with multiple joint ventures and 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.,
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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.
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