Benton Resources Corp ('Benton') Advised of Coro Mining Corp.'s Public Hearing Date on Their San Jorge Project
THUNDER BAY, ONTARIO -- (Marketwire) -- 07/27/10 -- Benton Resources Corp. (TSX VENTURE: BTC) ('Benton') has been notified by Coro Mining Corp. ('Coro') that they have received notice of a Public Hearing date for their San Jorge project in Mendoza, Argentina. The following is Coro's quoted press release:
'CORO ANNOUNCES SAN JORGE ENVIRONMENTAL IMPACT STUDY PUBLIC HEARING DATE SET FOR OCTOBER 20, 2010
July 26, 2010, Coro Mining Corp. ('Coro' or the 'Company') (TSX Symbol: COP) is pleased to announce that its 100% owned Argentinean subsidiary, Minera San Jorge S.A. has received an official resolution from the Government of the Province of Mendoza, dated 20th July 2010, notifying that the Public Hearing for its San Jorge project, will take place on October 20th 2010.
The Public Hearing is the final step in the process prior to the Environmental Impact Study ('EIS') being submitted to the provincial Government for approval. The Public Hearing date is conditional on the Company completing within 45 days from the date of the resolution, certain reconfirmatory hydrological studies as determined by the provincial General Department of Irrigation. The Company is confident it will be able to complete these studies in the prescribed time.
Alan Stephens President and CEO of Coro commented, 'We have been in discussions for the past several months with the provincial government concerning the slow progress of the EIS approval process. We are pleased that as a result of these discussions, a date for the Public Audience has finally been announced. We now look forward to being able to present San Jorge to the people of the province at the Public Hearing.'
CORO MINING CORP.
'Alan Stephens'
Alan Stephens
President and CEO
About San Jorge:
The San Jorge copper-gold project is located in Mendoza, Argentina. The Company completed an independent Preliminary Economic Assessment ('PEA'), in April 2008 which contemplated production of 39,500 tonnes of copper per annum and 39,000 ounces of gold per annum over a 16 year mine life. The deposit remains open to the west and at depth and using a $2.00 per pound copper and $600 per ounce gold price returned an after tax NPV of $220 million, with a capital expenditure of $277 million.
Alan Stephens FIMMM, President and CEO of Coro, a geologist with more than 33 years of industry experience is the Qualified Person for Coro who has reviewed and approved the contents of this News Release. In respect of the PEA, it should be noted that mineral resources that are not mineral reserves do not have demonstrated economic viability.
About Coro Mining Corp.:
The Company was founded with the goal of building a mining company focused on medium-sized base and precious metals deposits in Latin America. The Company intends to achieve this through the exploration for, and acquisition of, projects that can be developed and placed into production. Coro's properties include the advanced San Jorge copper-gold project, in Argentina, and the Chacay, Llancahue and Celeste copper exploration properties located in Chile. The Company also holds 9,140,353 shares (a 20.5% interest) in Valley High, which holds the Cordero property in Mexico. (www.valleyhighventures.com).
For further information please visit the Company's website at www.coromining.com or contact Michael Philpot, Executive Vice-President at (604) 682 5546 or investor.info@coromining.com'
About Benton Resources Corp.:
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 $9 million in cash, owns 38.7 million shares and 19.1 million warrant 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 (TSX VENTURE: BCU) and retains a 2% Net Smelter Royalty on the northern portion of the Marathon PGM deposit. The company is also in the process spinning out its 100% Bermuda property to its share holders into a new company to be named Coldwell Copper Corp.
On behalf of the Board of Directors of Benton Resources Corp.
Stephen Stares, President
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Contacts:
Benton Resources Corp.
Stephen Stares
(807)475-7474
(807)475-7200 (FAX)
www.bentonresources.ca
Investor Relations
Clair Calvert
204-799-2086