Thunder Bay, Ontario--(Newsfile Corp. - June 22, 2018) - Benton Resources Inc. (TSXV: BEX) ("Benton" or "the Company"), Metals Creek Resources Corp. (TSXV: MEK) (Metals Creek) and Quadro Resources Inc. (TSXV: QRO) are pleased to announce the acquisition of a new property on Newfoundland's Great Northern Peninsula where reconnaissance prospecting discovered a new Galena-Chalcopyrite-Zinc-Fluorite zone. The zone consists of a number of 2-10cm mineralized veins over a 20+ metre wide outcrop and a strike length of greater than 300m. Representatives of the three companies were sharing mobilization and transportation costs while working adjacent properties when the discovery was made, therefore agreed to stake the ground as equal partners.
Eighteen grab samples were taken from the new zone of which nine (9) selective samples were rushed for analysis. Highlights from these assay results include up to 15.5% Lead (Pb) and 192 grams per tonne (g/t) silver. Below is a table of results for the expedited assays.
The grab samples disclosed in this release are selective by nature and are unlikely to represent average grades of the property.
The property is located approximately 7km from the southeast boundary of Altius Minerals Corporation's Sail Pond discovery, where Altius obtained grab samples up to 2,030 g/t Ag, 7.08% Cu, 9.40% Pb, 2.54% Sb, 0.46 g/t Au (http://altiusminerals.com/projects/sail-pond).
In addition, Benton would like to announce it has completed a prospecting and mapping program on both its GNP Black Shale Gold Project and the Cape Eagle claim blocks. Both projects are mapped by the Newfoundland government as having similar geology to that of White Metal Resources Corp's new discovery where they recently announced highly anomalous gold values from their Gunners Cove Project over approximately a 15km2 area in black sedimentary shale units (See TSXV: WHM- PR dated November 20, 2017). In addition, Benton's Cape Eagle project is tied directly to the east of the Altius Sail Pond discovery. Results from Benton samples will be released once received and compiled.
The Company believes the Gunners Cove style of gold mineralization could potentially represent an important new discovery in a unique geological environment similar to other large gold deposits hosted in black shale environments around the world.
About Benton Resources Inc. (TSXV: BEX)
Benton Resources Inc. is a well-funded Canadian-based project generator with a diversified property portfolio in Gold-Silver, Nickel, Copper, and Platinum group elements. Benton holds multiple high grade 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 using the contact information below.
Mr. Nathan Sims, P. Geo., has acted as the Qualified Person, as defined in NI 43-101, with respect to the disclosure of the scientific and technical information relating to the exploration results contained in this press release.
On behalf of the Board of Directors of Benton Resources Inc.,
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.
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