Vitesse Energy Inc. press release
Benton (TSX.V-BTC) re-acquires 100% interest in Goodchild Nickel Project
NYSE - New York Stock Exchange · Oil · Natural Gas · United States
THUNDER BAY, ON, Feb. 6 /CNW/ - Benton Resources Corp. (the "Benton" or the "Company") announces that it has received notification from Xstrata Nickel ("Xstrata") stating that Xstrata has elected to terminate its rights under the Goodchild Lake property Option and Joint Venture Agreement (PR Aug 30, 2006) between Xstrata and Benton. This allows Benton to assume 100% interest of the project. Although various major mining companies have expressed an interest in the property Benton will evaluate all options available to the Company prior to proceeding with an exploration strategy.
The project is located approximately 15 kilometres north of Marathon, Ontario and hosts several nickel showings with grab samples assaying up to 5.67% nickel (collected by Benton personnel) and 6.72% nickel (Xstrata personnel). The large ultramafic intrusion measures approximately 5km by 8km and has numerous untested airborne electromagnetic anomalies. Benton will keep their shareholders updated on developments at the property as exploration moves forward.
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"
Stephen Stares, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities.