|By Marketwired .||
|February 10, 2014 01:09 PM EST||
THUNDER BAY, ONTARIO -- (Marketwired) -- 02/10/14 -- 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
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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.