Benton Announces Results from Further Metallurgical Testwork and Initiates Drill Campaign for the Cape Ray Project
10 Fevereiro 2014 - 4:09PM
Marketwired
Benton Announces Results from Further Metallurgical Testwork and
Initiates Drill Campaign for the Cape Ray Project
THUNDER BAY, ONTARIO--(Marketwired - Feb 10, 2014) - Benton
Resources Inc. (TSX-VENTURE:BEX) ("Benton" or "the Company") is
pleased to announce that it has awarded Cabo Drilling of
Springdale, NL the contract for the upcoming diamond drill program
which is scheduled to start within a week on the Cape Ray Gold
project. The 2,000 metre drill program is designed to test various
targets which includes the immediate extension of the 51 deposit to
the west, the east and west strike extent of the PW zone, and test
various new coincident geophysical (induced polarization) and gold
geochemical (soil and rock) west of the 51 Deposit.
Furthermore, on December 3, 2013, the Company announced
favourable results from metallurgical test work completed on a 150
kilogram mini bulk sample taken from a trench over the 51 deposit
on the Cape Ray property. Results from these tests suggest that 82%
of the gold can be recovered into a high grade concentrate produced
through a combination of Dense Media Separation (DMS) and gravity
concentration utilizing a Falcon concentrator. Since that time, the
company has completed a gravity only test utilizing a series of
Falcon concentrators and thus eliminating the need for a DMS plant.
Results from this test are quite encouraging and suggest a total
recovery of gold at 88.3% (total recovery in the mass balance) with
approximately 50% to 55% of the gold reporting to a high grade
gold-silver concentrate and the remainder of the gold reporting to
a lead-silver-gold concentrate. Work is ongoing to optimize lead
and silver recoveries in and these results should be available
shortly.
The Company is continuing to compile an enormous amount of
historical exploration and development data from the 6 deposits and
surrounding ground and anticipates that a much larger exploration
and drilling program will continue throughout 2014 and beyond.
About Benton Resources Inc. (TSX-VENTURE:BEX)
Benton Resources Inc is a 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 $7.1 million in cash and $0.95 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
NEITHER TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE
TSX-VENTURE EXCHANGE) ACCEPTS 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
Stares(807)475-7474(807)475-7200www.bentonresources.ca
Benton Resources (TSXV:BEX)
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