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Buchans & Benton Announce Drilling Results from Newfoundland

Buchans Minerals Corporation (BMC.V) and Benton Resources Corp. (BTC.V) - which last traded at 8 cents and 34 cents respectively - announced results from their initial drill test of the Goldquest gold prospect on their Long Range Joint Venture property in central Newfoundland.

The companies said they drilled eight holes totaling 823 metres to test mineralized quartz veins in bedrock and float associated with the Goldquest Trend, an open-ended 750 metre long trend defined by anomalous gold in bedrock and float. Results include intersections of mineralized quartz veins in the Goldquest North area, including 5.49 g/t gold and 4.5 g/t silver over 0.30 m as well as 2.13 g/t gold and 8.4 g/t silver over 0.10 m. All four holes drilled in the North area returned anomalous assays exceeding 0.5 g/t gold, intersecting multiple sulphide-bearing quartz veins ranging from centimetres to 0.3 metres in width. Drilling in the Goldquest South area intersected variably mineralized bedrock containing minor quartz veins with anomalous gold values; however, no large veins similar to the abundant high-grade quartz float discovered by recent prospecting and trenching were intersected in either of the four holes drilled in this area.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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