THUNDER BAY, ONTARIO, Aug 5 -- Benton Resources Corp. ("Benton" or "the Company") (TSX VENTURE: BTC) is pleased to announce that the Company has initiated drilling on the Kingurutik Lake copper-nickel project located approximately 60 kilometres north of the world class Voisey's Bay nickel-copper-cobalt deposit in Labrador. Based on a review of previous data compiled from exploration programs completed by Teck Resources Limited ("Teck") in 2007 and 2008 a drill program has been designed comprising approximately 3000 metres in 12 drill holes to test six separate target areas. Benton will be operator as Teck has elected not to participate in the proposed drill program. Several large gossans were located and mapped by the provincial government's geological division in 2000 and historical exploration work in the area had identified high-grade copper and nickel mineralization with grades up to 6.8% copper and 1.7% nickel. Two years of systematic exploration by Teck and Benton has been completed including airborne electromagnetic and magnetic surveys with ground follow-up by mapping, prospecting, sampling and UTEM geophysical surveys. As a result, groundwork has identified multiple diamond drill targets of which six priority areas will be tested with the current drill program.
Benton is a Canadian based junior mining company with multiple joint ventures and a diversified property portfolio in gold, nickel, copper, and platinum group elements. The Company currently has approximately $C9 million in cash, owns 38.7 million shares and 19.1 million warrants in Coro Mining Corp (TSX: COP), holds 1.5 million shares in Marathon PGM Corp (TSX: MAR), holds 1.5 million shares in Puget Ventures (TSX VENTURE: PVS), holds 815,000 Bell Copper Corp shares (TSX VENTURE: BCU) and retains a 2% Net Smelter Return royalty on the northern portion of the Marathon PGM deposit. The Company is also in the process of transferring its 100% owned Bermuda mineral property located near Marathon, Ontario into a new company to be named Coldwell Copper Corp.
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.
Clinton Barr (P.Geo.), V.P. Exploration for Benton Resources Corp., is the qualified person responsible for this release.
On behalf of the Board of Directors of Benton Resources Corp.
Stephen Stares, President