Benton Resources

Korrektur vorbei ?

Benton Resources to acquire Bark Lake claims


2007-08-20 13:07 ET - News Release

Mr. Stephen Stares reports

BENTON OPTIONS NEW HIGH GRADE PLATINUM-PALLADIUM DISCOVERY

Benton Resources Corp. has entered into an option agreement with Joseph Hackl Sr. and Joseph Christopher Hackl Jr., whereby, subject to regulatory approval, the company has the right to earn a 100-per-cent interest in the mineral claims referred to as the Bark Lake claims, located in Northern Ontario.

Under the terms of the option agreement, the company must make cash payments totalling $59,000 and issue 40,000 common shares over a three-year period. The property is subject to a 2-per-cent net smelter return (NSR) royalty, half of which (1 per cent) may be purchased by the company for $1-million.

The Bark Lake property is host to numerous newly discovered platinum (Pt), palladium (Pd), gold (Au), copper (Cu) and nickel (Ni) showings consisting of mineralized ultramafic rock either in outcrop or dozens of mineralized boulders. The mineralized occurrences are situated along the Quetico fault, a major crustal-scale, east-west-oriented structure.

Grab samples have returned grades up to 4.35 grams per tonne (g/t) Pd, 2.64 g/t Pt, 0.74 g/t Au, 1.2 per cent Cu and 0.5 per cent Ni by the vendors. Samples collected by Benton personnel have confirmed significant precious and base metals across the project area. Benton is currently scheduling prospecting, mapping, line cutting and ground geophysics.

Clinton Barr (PGeo), vice-president of exploration for Benton Resources, is the qualified person responsible for this release.

We seek Safe Harbor.

Ich denke wir werden hier bald wieder  die 1,40 sehen


allen viel glück

Benton samples 2.25% Cu, 0.93% Ni and 0.14% Co at King


2007-09-05 11:50 ET - News Release

Mr. Stephen Stares reports

BENTON RESOURCES CORP. (BTC) RECEIVES NEW RESULTS FROM THE KING LAKE COPPER-NICKEL-COBALT PROJECT IN LABRADOR

Benton Resources Corp. has received the first batch of assays for grab samples collected from several conductive zones on the King Lake property in Labrador where it is in partnership with Teck Cominco Ltd. The results confirm the occurrence of copper, nickel and cobalt mineralization on five separate zones being explored by the joint venture.

A total of 73 grab samples were collected from five conductive areas identified by an AeroTEM survey completed in April, 2007. The conductive zones outlined by the airborne have been labelled targets P, Q, S, G and D.

Summary of highlights:


Target P -- 39 samples collected from a 700-metre by 300-metre zone returned assays grading up to 2.25 per cent copper (Cu), 0.93 per cent nickel (Ni) and 0.14 per cent cobalt (Co). These significant results are consistent with the first four King Lake samples reported by Benton on July 18, 2007, which were also taken from this target area;


The remainder is available to Stockwatch subscribers.

Benton Resources partner Tri-Gold to drill at Sibley


2007-09-18 13:42 ET - News Release

Mr. Stephen Stares reports

BENTON RESOURCES CORP. (BTC) RECEIVES NOTICE THAT ITS PARTNER TRI-GOLD RESOURCES CORP INTENDS TO DRILL SIBLEY URANIUM PROJECT

Benton Resources Corp.'s joint venture partner, Tri-Gold Resources Corp., has notified Benton that preparations are being made to drill a minimum of four diamond drill holes on the Sibley basin uranium property. Tri-Gold Resources has the exclusive rights and option to earn up to a 60-per-cent interest in the project by spending the first $1-million on exploration. After the earn-in costs have been incurred, Benton and Tri-Gold will form a joint venture on a 40:60 basis. This initial phase of drilling on the Sibley basin project is designed largely for geological purposes, by means of testing a series of conductive zones in the central portion of the property, as interpreted from the airborne Megatem survey carried out in January, 2007. The target zone is also well sited proximal to modelled basement lineaments (faults), as derived from the aeromagnetic data. Such a setting is similar to unconformity-style and basement-hosted uranium mineralization found in the Athabaska basin and believed to exist within the Sibley basin. This drill program will assist greatly in characterizing the depth and nature of the basement floor rocks and the overlying sediments. Drilling is scheduled to commence toward the end of September, 2007.

Clinton Barr (PGeo), vice-president of exploration for Benton Resources, is the qualified person responsible for this release.

We seek Safe Harbor.

Benton Resources drills 48.5 m of 0.28% Cu at Bermuda


2007-09-24 12:47 ET - News Release

Mr. Stephen Stares reports

BENTON CONTINUES TO INTERCEPT WIDE ZONES OF PGMs AND COPPER ON BERMUDA PROPERTY NORTH OF MARATHON DEPOSIT

Benton Resources Corp. has received assay results for an additional four diamond drill holes from the Bamoos area of the company's 100-per-cent-owned Bermuda property.

The latest drilling continues to intersect significant platinum-group-metal and copper mineralization on the south part of the Bamoos claim block, which is located on strike and immediately north of Marathon PGM Corp.'s Marathon deposit.

Hole BO-07-50 cut 51 metres grading 1.56 grams per tonne total precious metals (total precious metals equal platinum plus palladium plus gold) and 0.28 per cent copper, including higher-grade sections of 2.2 grams per tonne total precious metals and 0.4 per cent copper over 24 metres, and 5.4 grams per tonne total precious metals and 0.48 per cent copper over three metres. BO-07-50 is located approximately 40 metres north of the Marathon PGM-Benton Resources property boundary and 50 metres south of the hole BO-07-48 (reported in Stockwatch on Sept. 10, 2007), which cut 1.91 grams per tonne total precious metals and 0.31 per cent copper over a 33-metre core length, including six metres grading 3.7 grams per tonne total precious metals and 0.21 per cent copper

The Bark Lake property is host to numerous newly discovered Ni-Cu-Pt-Pd mineralization hosted in ultramafic rock either in outcrop or among dozens of mineralized boulders. The mineralized occurrences are situated along the Quetico fault, a major crustal-scale east-west-oriented structure. Several other companies including Teck Cominco Ltd. have recently taken an interest by staking and/or joint venturing mafic intrusive bodies along this same fault zone (see Pro-am Exploration (PMX) news of Aug. 20, 2007).

Recently announced financing

Further to its news as reported in Stockwatch Sept. 26, 2007, and Sept. 27, 2007, Benton advises that it will also pay Westwind Partners Inc. a 7-per-cent cash fee of the gross proceeds from the financing and that number of broker warrants equal to 7 per cent of the number of units and flow-through shares issued under the financing. Each broker warrant will entitle Westwind to acquire one common share of the company at an exercise price of $1.25 per common share expiring 18 months from the closing of the financing.

Clinton Barr, PGeo, vice-president exploration for Benton Resources, is the qualified pe

Sehr schoener Titel! Auch charttechnisch sehr interessant nach dem Ausbruch ueber den EMA.  

Benton Resources closes $15-million private placement


2007-10-17 12:16 ET - News Release

Mr. Stephen Stares reports

BENTON RESOURCES CORP. CLOSES $15 MILLION BOUGHT DEAL PRIVATE PLACEMENT

Benton Resources Corp. has closed the previously declared private placement of units and flow-through shares underwritten by a syndicate of underwriters led by Westwind Partners Inc., and including PI Financial Corp., First Canadian Capital Markets Ltd. and M Partners. The offering consisted of 9.6 million units priced at $1.25 and 2.07 million flow-through shares priced at $1.45 for total gross proceeds of $15,001,500. Each unit consists of one common share and one common-share purchase warrant, with each warrant entitling the holder to purchase one additional common share of Benton Resources at a price of $1.60 for 18 months from the closing date.

In connection with the closing today, the company also issued to the underwriters as partial consideration a total of 816,900 compensation warrants, each such compensation warrant entitling the holder thereof to acquire one common share of the company at a price of $1.25 until April 16, 2009.

The common shares and common-share purchase warrants comprising the units and the flow-through shares have a hold period expiring on Feb. 17, 2008. Benton Resources plans to use the net proceeds from the sale of the units for exploration and general corporate purposes. The proceeds from the sale of the flow-through shares will be used for general exploration expenditures, which will constitute Canadian exploration expenses (as defined in the Income Tax Act) and will be renounced for the 2007 taxation year.

Historical shallow diamond drilling completed by Eastern Mining & Smelting in 1956 intersected 23.9 metres (m) grading 1.02 per cent Cu and 15.1 grams per tonne combined precious metal (interpreted as silver) at approximately 60 m vertically below surface. Diamond drilling completed by Falconbridge Nickel Mines Ltd. during the late 1980s intersected 1.17 per cent Cu and 9.5 g/t Ag over 29.5 m (at approximately 50 m vertical) that included 2.04 per cent Cu and 5.3 g/t Ag over 11.95 m. An undercut drill hole intersected a metamorphosed ultramafic (peridotite) that yielded 22.8 m grading 0.1 per cent Cu and 0.31 per cent Ni (at 140 m vertical), suggesting better potential for nickel mineralization. All intervals are core lengths and true thicknesses are currently unknown. Surface channel sampling completed by Atikwa Minerals Ltd. in 2003 returned anomalous levels of platinum and palladium values (0.09 to 0.145 g/t). The mineralization host is described as metamorphosed intrusive mafic-ultramafic (gabbro, pyroxenite and peridotite) units in sulphide-rich metasediments of Archean age.

Benton believes the property geology is highly favourable for nickel-copper mineralization and is currently organizing grid establishment to be followed by ground geophysics for this upcoming winter season. The groundwork will be used to delineate diamond drill targets. This new acquisition conforms to Benton's focus of directing exploration efforts toward nickel-copper mineralization.

Clinton Barr, PGeo, vice-president exploration for Benton, is the qualified person responsible for this release.

We seek Safe Harbor.



 
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Phillip Walford, President and CEO noted, "Drilling results from the Benton JV ground are turning out to be a winning situation for both companies. These thick intersections will add tonnes quickly to the resource. Marathon has over 117 million tonnes in resource now and the results from the JV are adding to a world class PGM deposit."



   Results from Marathon-Benton JV Drilling
   ----------------------------------------
   --------------------------------------------------
                              True                            Total
               From    To   Thickness  Pd      Pt      Au    PGM and    Cu
     Hole       (m)    (m)     (m)    (g/t)   (g/t)   (g/t)  Au (g/t)   (%)
   --------------------------------------------------
   MB-08-09     123    129       6     0.73    0.24    0.06    1.03    0.23
   --------------------------------------------------
   MB-08-09     141    155      14     1.70    0.38    0.15    2.22    0.33
   --------------------------------------------------
   MB-08-10     146    280     134     0.63    0.20    0.07    0.90    0.27
   --------------------------------------------------
   including    166    240      74     0.78    0.24    0.09    1.12    0.35
   --------------------------------------------------
   MB-08-11     126    146      20     1.55    0.51    0.15    2.21    0.54
   --------------------------------------------------
   including    138    144       6     3.08    1.15    0.28    4.51    0.65
   --------------------------------------------------
   MB-08-11     170    186      16     0.75    0.22    0.13    1.10    0.27
   --------------------------------------------------
   MB-08-12     146    208      62     0.56    0.18    0.07    0.81    0.17
   --------------------------------------------------
   MB-08-12     170    174       4     2.62    0.62    0.19    3.42    0.49
   --------------------------------------------------
   MB-08-12     186    208      22     0.73    0.21    0.08    1.02    0.11
   --------------------------------------------------
   MB-08-12     188    202      14     0.90    0.26    0.09    1.25    0.23
   --------------------------------------------------
   MB-08-13     112    118       6     1.19    0.28    0.11    1.58    0.35
   --------------------------------------------------
   MB-08-13     152    168      16     0.72    0.23    0.07    1.02    0.33
   --------------------------------------------------
   including    152    158       6     0.74    0.21    0.06    1.01    0.50
   --------------------------------------------------
   including    162    168       6     1.12    0.38    0.12    1.62    0.35
   --------------------------------------------------
   MB-08-14     122    128       6     1.04    0.34    0.12    1.51    0.20
   --------------------------------------------------
   MB-08-14     132    156      24     1.14    0.32    0.13    1.58    0.34
   --------------------------------------------------
   MB-08-16      38     62      24     1.08    0.33    0.16    1.57    0.39
   --------------------------------------------------


Current Drilling

Marathon's drilling on the BCF property has yielded useful information regarding the geology and extent of mineralization. In particular, Marathon's drillholes have extended mineralization boundaries indicated by historical holes and recent drilling completed by Benton.

Hole MB-08-12 is located on section 6150, which represents the boundary between Marathon and Benton's properties. Elimination of the boundary pillar as a result of the JV enables complete extraction of resources, as the boundary pillar would have otherwise tied up substantial tonnes. Multiple wide intersections of mineralization in hole MB-08-12 extend the mineralization downdip.

Marathon holes MB08-09, -10, -11, -12, -13, -14 and -16 all intersected mineralization and have expanded the dimensions of the known mineralization.

Drilling on the BCF property is expected to resume in July. Marathon currently has two rigs drilling on the Marathon property extending the high-grade W horizon and filling in drilling gaps. Drilling of the Marathon and Benton JV properties will assist in expanding the resource.

All of the samples were sent to Accurassay, an accredited laboratory in Thunder Bay, Ontario, to be assayed using fire assay and other standard techniques.

David Good, P.Geo., VP of Exploration is Marathon's Qualified Person in compliance with National Instrument 43-101 with respect to this release. Dr. Good has reviewed the contents for accuracy and has approved this press release on behalf of Marathon.

About Marathon PGM Corporation:

Marathon is in the process of completing a definitive feasibility study on the Marathon PGM-Cu deposit. Marathon also has development and exploration stage properties in southeastern Manitoba and western Newfoundland and Labrador. Marathon's management plans to build on this focus through the advancement of its properties, focusing on resource development and by examining other strategic PGM and base metal opportunities within Canada.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking statements". Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These risks and uncertainties include but are not limited to those identified and reported in Management's Discussion and Analysis for the year ended December 31, 2007. Circumstances or management's estimates or opinions could change, and management disclaims any obligation to revise or update forward-looking statements, whether for new information, future events or otherwise. The reader is cautioned not to place undue reliance on forward-looking statements.

We seek Safe Harbor.

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