Benton Confirms New Gold Zone on Cape Ray Project; Trading Near Yr Low
Benton Resources Inc. (BEX.V), which is trading near a year low 8 cents, announced that the company has received assay results from the newly identified PW Zone where re-sampling of two historical holes drilled in 1979 has confirmed the presence of bulk tonnage type gold grades and thicknesses in these drill holes. It said the two holes were drilled approximately 150 meters apart and show "good continuity" of gold associated with a granitic intrusive unit interpreted to be the possible extension of the Windowglass Hill (WGH) deposit located 1.2km to the southwest.
Drill hole PB79-128 intersected 2 separate mineralized zones grading 1.64 gpt gold over 28.96m (including 4.68 gpt gold over 6.25m) and 1.18 gpt gold over 21.34m. Drill hole PB79-133, located approximately 150m along strike to the NE returned 1.38 gpt gold over 20.73m including 7.86 gpt gold over 2.44m.
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