Home / Mining Company News Releases (Unreviewed) / Benton Seeks Interest for High Grade Copper-Nickel-Cobalt and Platinum Group Metal Project

Benton Seeks Interest for High Grade Copper-Nickel-Cobalt and Platinum Group Metal Project

Thunder Bay, Ontario–(Newsfile Corp. – November 28, 2017) – Benton Resources Inc. (TSXV: BEX) (“Benton” or “the Company”) is would like to announce that with the current strong prices for copper, nickel, cobalt and palladium , it may be an opportune time to seek interest for the potential option, sale or joint venture of its 100%-owned Providence Copper-Nickel-Cobalt and Platinum Group Metals (Cu-Ni-Co-PGM) project. The property is located approximately 70 kilometers from the Diavik Diamond Mine where the existing ice road provides a potential access route. The property consists of 2 leases that cover approximately a 2.1km strike length of a recently recognized volcanic belt that is host to the first discovery of magmatic Copper-Nickel-Cobalt-Platinum Group Metals massive sulphide mineralization in the Slave Craton.  The project, which was first discovered by Arctic Star Exploration Corp. (“Arctic”) in 2008 comes with an well established camp, equipment and a well assembled data base of drilling, geology, geophysics, geochemistry and modeling which has totaled more than $5.5 million in expenditures. The geology of the project is a well-recognized komatiitic-hosted deposit and to date has produced excellent results that include 5.1m grading 3.48% combined nickel + copper with 2.3 grams per tonne (gpt) platinum, palladium and rhodium and 2.3 meters of 11.2 gpt platinum, palladium,  rhodium, and other PGMs drilled by Arctic Star. Further drilling by Platinum Group Metals Ltd intersected 4.25mgrading 1.62% Ni, 1.04% Cur and 2.03gpt platinum+palladium and 3.65m of 1.79% Ni, 1.41% Cu with 2.28gpt platinum+palladium.  Microprobe work by the previous operators confirmed cobaltite occurs as discrete grains in sulphides and platinum group elements have been observed as large grains of bismuth-palladium-telluride along with iridium-rhodium-cobaltite in pyrrhotite. These zones are open for further drilling.

Highlights of the Providence Lake nickel discovery.

Hole
ID
From To Interval
(meter)
Ni% Cu% Co% Pt g/t Pd g/t Os g/t Ru g/t Ir g/t Rh g/t
08CR-10 117.6 117.8 0.2 1.34 2.92 0.13 2.730 1.300 0.040 0.090 0.041 0.290
  118.2 118.8 0.6 1.77 0.46 0.16 0.660 2.260 0.140 0.290 0.186 0.460
08CR-11 139.75 141.4 1.65 1.69 1.00 0.17 0.340 2.240 0.165 0.130 0.513 0.220
08CR-12 95.32 99.7 2.23 1.30 1.80 0.13 0.550 2.290 0.162 0.121 0.271 0.245
08CR-13 99.5 101.8 2.3 1.67 0.75 0.17 8.794 1.227 0.167 0.168 0.559 0.284
  103.3 104.6 1.30 1.21 1.11 0.12 0.186 1.450 0.243 0.184 0.590 0.452
08CR-17 97.45 99.85 2.4 1.76 1.11 0.17 0.174 1.783 0.371 0.311 0.674 0.866
08CR-18 98.35 103.45 5.1 1.73 1.75 0.17 0.250 1.230 0.354 0.264 0.749 0.794
08CR-19 126 129.4 3.4 1.71 1.33 0.17 0.751 1.702 0.295 0.260 0.693 0.610
08CR-21 58.1 60.6 2.5 0.93 0.46 0.08 0.115 0.115 0.190 0.151 0.418 0.382
08CR-23 91.4 95 3.6 1.32 1.43 0.10 0.447 1.062 0.149 0.121 0.390 0.326

In addition Benton holds multiple high grade gold projects available for option which can be viewed on the Company’s web site. Most projects have an up-to-date NI 43-101 report available. Interested parties can contact Stephen Stares, Company President, from the contact below.

About Benton Resources Inc. (TSXV: 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 has prepared, supervised the preparation or approved the scientific and technical disclosure in the news release.

On behalf of the Board of Directors of Benton Resources Inc.,

“Stephen Stares”

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

For further information contact Stephen Stares @:
684 Squier Street,
Thunder Bay, ON
P7B 4A8
Phone (807)475-7474
Cell (807)474-9020
Fax (807)475-7200
www.bentonresources.ca
[email protected]

 

Disclaimer: This is an unedited and minimally reviewed public mining company press release originally published at http://www.newsfilecorp.com/release/30842/Benton-Seeks-Interest-for-High-Grade-CopperNickelCobalt-and-Platinum-Group-Metal-Project. We have linked to our knowledge base articles from within the content of this release in order to help explain some of the terminology used and provide continuity from previous and related news coverage. You can access more in-depth mining company project reviews on our site, as well a knowledge base of articles on mineral exploration, mining and geology-related topics.

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