By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, November 22, 2016

The stock markets are trading higher today across the board. Most indices hit all-time highs recently, and although Tuesday saw some minor dips, overall the sentiment was bullish in all sectors except healthcare, which went down 2%. The Dow Jones industrial average broke above 19,000 for the first time ever today shortly after market open. The bullish agenda is being supported by President-elect Donald Trump’s surprise win over Hillary Clinton, who was perceived as anti-market by some people on the street.

The S&P 500 also went over 2200 for the first time, with telecom in the lead. The Nasdaq composite also saw all-time highs.

In this bullish market, small Canadian mining company Benton Resources Inc. (TSX-Venture:BEX) had some good news. The company announced encouraging initial results from its 100%-owned Iron Duke gold project. Grades of selective grab samples ranged from trace to 64.1grams per tonne (gpt) gold (Au) and composite channel samples returned 8.17gpt Au over 1.8 metres (m) and 6.68gpt over 2m.

The company completed five trenches over a strike length of 260m and all these trenches uncovered anomalous gold values, which means that the system is open in both directions. The gold values are associated with silicified altered volcanics and meta-sediments with abundant pyrite and arsenopyrite mineralization. The company was unable to complete washing and detailed mapping due to winter coming in, but this will be done in the spring.

Stephen Stares, Company President and CEO commented, "We are pleased with these initial results and believe these gold values show the potential of this early stage gold project. This will provide Benton with the initial data to plan drill holes and advance the project accordingly.”

Based in Canada, Benton Resources Inc is a well-funded junior miner with a property portfolio diversified in Gold-Silver, Nickel, Copper, and Platinum. Benton is engaged in acquiring, exploring and developing mineral properties. It currently has projects in gold, base metals, uranium and platinum group metals, including at the Saganaga Lake Property and Abernethy property. The Saganaga Lake Property consists of mining rights of approximately 20 claims totaling over 51 units. The Abernethy Property is located over 10 kilometers southwest of Kenora, Ontario, and has about nine claims totaling over 67 units. The company also has interest in the Cape Ray East Property. This property includes approximately 510 contiguous claims.

At last check, shares of BEX were even on the day at $0.08, but continue to trade at the upper band of its 52-week range of $0.11 hit earlier this month.

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