Benton Announces Initial Results from Metallurgical Testwork and Provides Exploration Update on Cape Ray Project
03 Dezembro 2013 - 12:00PM
Marketwired
Benton Announces Initial Results from Metallurgical Testwork and
Provides Exploration Update on Cape Ray Project
THUNDER BAY, ONTARIO--(Marketwired - Dec 3, 2013) - Benton
Resources Inc. (TSX-VENTURE:BEX) ("Benton" or "the Company") is
pleased to announce the results of the first phase of metallurgical
test work on the 51 Zone gold deposit located on the Cape Ray
property in southwest Newfoundland.
In August 2013, the Company collected a 150 kilogram mini bulk
sample from a trench over the 51 deposit and contracted Met-Solve
Laboratories in Langley, B.C. to complete the metallurgical testing
to determine if a high value precious and base metal concentrate
could be produced by Dense Media Separation (DMS) and gravity
concentration. The production of a high value concentrate would
greatly reduce processing costs and eliminate the need for an
on-site conventional milling operation at the Cape Ray
property.
Highlights of the Initial results are shown in tables below:
Table I: Overall Recoveries (combined from DMS and
Gravity Concentration) |
|
Specific Gravity Cut |
Gold |
Silver |
Lead |
Flowsheet |
Point |
Rec. (%) |
Rec. (%) |
Rec (%) |
1 |
2.93 |
68.0 |
64.1 |
77.9 |
2 |
2.83 |
76.9 |
71.4 |
81.1 |
The Company is very encouraged by these results and additional
work to optimize concentrate recoveries is ongoing. These tests
include testing finer crush sizes for the DMS feed (the above
results were achieved using a maximum crush size of 1.9cm) and
testing a finer grind of feed for the falcon concentrator. A flow
sheet of the process can be viewed on the Company's web site.
Exploration Update:
The Company has completed the amalgamation of 6 gold deposits
that include the historic Cape Ray gold deposits, located in
southwest Newfoundland. Benton now controls a 100% interest in 60km
of strike length along the Cape Ray Fault, a significant regional
gold-bearing structure that hosts the Cape Ray deposits as well as
Marathon Gold's Valentine Lake deposit located 120 km to the
northeast of Benton's claim block.
The Company is currently compiling more than $15 million dollars
of historical exploration and development data from the 6 deposits
and surrounding ground including 427 diamond drill holes, assay
data, trenching, geophysical surveys, geochemical surveys,
underground development on the 41 deposit and historical
feasibility studies completed during the 1980's and 1990's.
Recently the Company completed additional soil sampling along
strike from our previously announced (see Benton PR dated October
11, 2013) 600m long by 150m wide gold-lead-zinc-silver soil anomaly
(trace to 801ppb Au, 2 to 561gpt Pb, 3 to 326gpt Zn, trace to
4.1gpt Ag). The anomaly is associated with a distinct magnetic low
signature similar to that associated with the 51 deposit situated
600m along strike to the north east. Very little historical
drilling has ever been completed in this new geochemically
anomalous area which remains open along strike to the southwest.
Additional prospecting has returned selective grab sample gold
assays of 1.0gpt and 39gpt gold near, and along strike from, the PW
zone and compliments previously announced results which returned
69.8gpt, 9.4gpt, 5.0gpt and 8.9gpt in the area. The grab samples
are associated with a distinct chargeability and resistivity
Induced Polarization (IP) anomaly and are believed to represent the
strike extension of the Windowglass Hill (WGH) granite which hosts
the WGH gold deposit 1.2km to the southwest. A map exhibiting the
anomalous soil geochemical area and coincident magnetic low can be
viewed on the Company's website.
Highlights of current advancements and near-term plans:
- First metallurgical test exhibit excellent results and further
testing is underway to further enhance recoveries
- Coincidental geophysical IP and geochemical anomalies along
strike to the SW from the 51 deposit with no previous drilling
- High grade surface samples ranging from 1gpt to 69gpt gold
associated with a coincident IP anomaly, possibly linking the PW
zone and Window Glass Hill deposit which are 1.2km apart
- Multiple new grab sample and gold-in-soil showings on Cape Ray
East property, located 3km east of the Isle Aux Morts deposit
- Drilling to start on new targets in early 2014
- Additional work to be completed on the 4 newly acquired
deposits to upgrade to NI 43-101 compliance status
- Results pending from recently completed soil geochemical survey
to be compiled and released soon
- Further ground geophysics and soil geochemistry to be conducted
over the winter
About Benton Resources Inc. (TSX-VENTURE:BEX)
Benton Resources Inc is a newly listed Canadian based junior
with multiple joint ventures and a diversified property portfolio
in Gold-Silver, Nickel, Copper, and Platinum group elements. The
Company is well funded with approximately $7.2 million in cash and
$1.0 million in marketable securities.
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.
Benton Resources Inc.Stephen
StaresPresident(807)475-7474(807)475-7200www.bentonresources.ca
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