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Benton Resources updates on Kingurutik nickel project

Steel News - Published on Tue, 26 Oct 2010

Benton Resources Corporation announced that the company has received assay results from the recently completed drill program on the Kingurutik Lake Nickel project located approximately 60 kilometers north of the world class Voisey\'s Bay nickel copper cobalt deposit. The project is a JV between Benton and Teck Resources Limited.

Teck did not contribute to the current program and as a result will incur dilution of its interest which was 50% prior to the program. The amount of dilution will be calculated once the final program expenditures have been approved. Several of the drill targets tested intersected magmatic sulphide mineralization that returned significant amounts of nickel, copper, and cobalt values that suggests further work is warranted to evaluate the size of these mineralized zones. Of particular interest are the results from the A Zone area that was tested with a single drill hole. This hole intersected multiple intervals of semi massive sulphide with several sections grading better than 1% nickel and 1% copper. Follow up work is currently being planned for early spring to explore and delineate the significant mineralization.

Benton would like to thank the government of Newfoundland and Labrador for financial support of this project through the Junior Exploration Assistance program, part of the provincial Mineral Incentive Program.

Benton also wishes to announce that it has initiated drilling on the Deloro property, located 900 meters west of the past producing Delnite gold mine in Timmins, Ontario. A 1,500 meter drill program will test at depth, the south zone mineralization previously intersected in the December, 2009 and January, 2010 drilling programs. The South Zone is located approximately 500 meters south of the Delnite mine horizon. Mineralization consists of brecciate quartz tourmaline veins hosted with pyrite rich sericitized mafic volcanic rocks. Significant results from previous drilling by Benton on the south zone include 8.57 grams per tonne Au over 3.5 meters (hole DH09-12), 5.32 grams per tonne Au over 1.0 meters (hole DH10-14) and 3.02 grams per tonne Au over 1.5 meters (hole DH10-27).

Posted By : admin on Tue, 26 Oct 2010
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