Welcome to our dedicated page for Benton Resources news (Ticker: BNTRF), a resource for investors and traders seeking the latest updates and insights on Benton Resources stock.
Benton Resources Inc. (OTC: BNTRF) is a well-financed mineral exploration company specializing in the discovery, development, and advancement of high-grade mining assets across Canada. Listed on the TSX Venture Exchange under the symbol BEX, Benton boasts a diversified and highly prospective property portfolio, with a primary focus on copper and gold exploration. The company also holds significant equity positions in other mining ventures, further enhancing its strategic reach and financial stability.
Core Projects and Exploration Focus
Benton’s flagship project is the Great Burnt Copper-Gold Project, located in central Newfoundland. This advanced-stage asset is characterized by a robust mineral resource estimate of 667,000 tonnes @ 3.21% Cu (Indicated) and 482,000 tonnes @ 2.35% Cu (Inferred). Covering 25 kilometers of strike length, the project encompasses six known copper-gold-silver zones, all of which remain open for expansion. Benton’s exploration efforts have yielded impressive results, including drill intersections of 25.42 meters grading 5.51% Cu and 74.20 meters grading 1.43 g/t Au, demonstrating the project’s enormous potential for resource growth.
Additionally, Benton is advancing the South Pond Gold Zone (SPGZ), located approximately 7.5 kilometers north of the Great Burnt Copper-Gold Zone. This emerging gold system spans over 3 kilometers, with drilling confirming significant gold mineralization, including 43.75 meters grading 1.62 g/t Au and 54.5 meters grading 1.88 g/t Au. The zone remains open in all directions, offering substantial upside for future exploration.
Strategic Diversification and Partnerships
Beyond its flagship projects, Benton has strategically diversified its portfolio to include lithium and nickel exploration. The company recently announced the spinout of its Vinland Lithium Inc. shares, providing shareholders exposure to the burgeoning lithium market. Additionally, Benton has identified a significant nickel anomaly near its Great Burnt Project, with soil sampling and geophysical surveys revealing promising targets for future drilling.
Benton’s business model is further strengthened by its retention of net smelter return (NSR) royalties on several properties, ensuring potential long-term cash flow from future production. The company’s partnerships, such as its 70%-30% joint venture with Homeland Nickel Inc., underscore its collaborative approach to advancing high-quality assets while mitigating exploration risks.
Commitment to Excellence and Sustainability
Benton Resources adheres to stringent QA/QC protocols and works with accredited assay laboratories to ensure the reliability of its exploration data. The company also benefits from financial grants under Newfoundland and Labrador’s Junior Exploration Assistance program, reflecting its commitment to responsible and sustainable mineral exploration in one of Canada’s most favorable mining jurisdictions.
With a proven track record of exploration success, a diversified asset base, and a strategic focus on high-grade copper, gold, and critical minerals, Benton Resources is well-positioned to capitalize on the growing global demand for essential raw materials.
Benton Resources (TSXV: BEX) reports significant drilling results from its Great Burnt Main Zone (GBMZ) copper project. Drill hole GB-25-60 intercepted a 15.00m section containing 10.40m of massive and semi-massive sulphide with heavy chalcopyrite, with core angles estimated at 80-90% true thickness.
The company also announced a new discovery in the North Stringer Zone (NSZ), where hole GB-25-59 intersected two well-mineralized chalcopyrite-pyrrhotite zones. The current drill program has completed 3,220m to date, targeting various new areas including the North Stringer/Footwall Zones.
Benton has temporarily paused drilling while awaiting results and completing geophysical programs. Eastern Geophysics has been contracted for downhole EM surveying, and a deep surface ground EM survey is planned for selected areas including the South Pond Copper-Gold deposit. Benton holds a 70% interest in the Great Burnt Copper-Gold Project, with Homeland Nickel Inc. holding the remaining 30%.
Benton Resources (TSXV: BEX) has successfully expanded its Great Burnt Main Zone (GBMZ) to 950m in strike length down plunge. Recent drilling highlights include:
- Hole GB-25-53: 7.2m of heavy stringer and semi-massive copper mineralization
- Hole GB-25-54: 10.43m of stringer, semi-massive and massive sulphide mineralization, plus a second 10.76m mineralized zone
The current drill program, totaling 2,370m to date, has targeted several new areas including North Stringer/Footwall zones and various shallow magnetic and geophysical anomalies. Most drill holes have intersected weak to strong mineralization. The company plans to conduct downhole geophysics to define potential massive sulphide zones at depth for further drilling.
Benton holds a 70% interest in the Great Burnt Copper-Gold Project, with Homeland Nickel Inc. holding the remaining 30%. The project spans 25km in strike length.
Benton Resources (TSXV: BEX) has announced significant copper results from its Great Burnt project. Drill hole GB-24-49 intersected the Main Zone with 22.0 meters grading 7.47% copper, including 15.0 meters of 10.02% copper and 8.0 meters of 11.93% copper. The hole also confirmed mineralization in a parallel Footwall Zone, with sections grading 0.25% copper and 0.9g/t gold over 9.5 meters.
The company has resumed drilling to test this parallel horizon and the down plunge extension of the Main Zone. Additionally, anomalous results were discovered 200m west of the historical End Zone, including sections with 0.17% copper and a 4.0m section grading 0.12% nickel. Benton holds a 70% interest in the Great Burnt Copper-Gold project, with Homeland Nickel Inc. holding the remaining 30%.
Benton Resources (TSXV: BEX) has provided a corporate update highlighting several key developments. The company will hold its AGM on March 6, 2025, where shareholders will vote on the spinout of approximately 2 million shares of Vinland Lithium Inc. to shareholders of record as of January 20, 2025.
The company is resuming drilling at the Great Burnt Copper Deposit, with plans for 15,000m of drilling in 2025. Recent drilling results have been promising, with highlights including intersections of 13.00m of 8.31% Cu and 26.87m of 7.18% Cu.
A new gold discovery was made at the company's 100%-owned Dominion Lake Gold-VMS Base Metal project, located 21km north-northeast of Calibre Mining's Marathon Deposit. The newly discovered Rickirb Zone has returned grades up to 4.6 g/t gold.
Benton maintains a significant position in Clean Air Metals Inc. with 24.6 million shares and a 0.5% NSR on their Thunder Bay North Project, where drilling is currently underway with plans for potential bulk sampling.
Benton Resources (TSXV: BEX) has announced its best gold results to date at the South Pond Gold-Copper Zone (SPGCZ) within its Great Burnt Lake project in Newfoundland. The key highlight is drill hole SP-24-32, which cut 1.88 g/t Au over 54.50 m, including two higher-grade zones: an upper section grading 2.41 g/t over 14.00 m (including 9.68 g/t over 1.00 m) and a lower section grading 3.34 g/t over 12.00 m (including 4.87 g/t over 3.00 m).
The SPGCZ structure spans approximately 3.0 km and remains open, located 8 km north of the Great Burnt Lake Copper Deposit. The company plans to resume drilling in mid-January at the Great Burnt Copper Deposit and has scheduled a 15,000 m drill program for 2025. Benton holds a 70% interest in the project, with Homeland Nickel holding the remaining 30%.
Benton Resources (TSXV: BEX) has successfully closed its non-brokered private placement financing, raising $1,025,923 through the issuance of 9,326,571 Charity Flow-through Units at $0.11 per unit. Each unit includes one flow-through common share and half a warrant, with warrants exercisable at $0.11 for 36 months. The company paid $33,172 in finders' fees and issued 473,880 finders' warrants. The proceeds will fund Canadian exploration expenses, qualifying as flow-through mining expenditures, which must be incurred by December 31, 2025, and will be renounced to subscribers effective December 31, 2024.
Benton Resources (TSXV: BEX) has completed a significant drill hole at the Great Burnt Main Deposit, intersecting 21.1 meters of semi-massive to massive sulphide with high-grade copper mineralization at the main zone, and 12.3 meters of stringer mineralization in the footwall zone. The drill hole GB-24-49 served as both an infill hole within the Main Deposit and tested a parallel conductor approximately 150 meters east of the main deposit. The footwall intersection at 393 meters revealed hard silicified mafic volcanics with stringer pyrrhotite and chalcopyrite. Drilling will pause for Christmas and resume in mid-January to test additional deep and parallel targets. Benton holds a 70% interest in the Great Burnt Copper-Gold Project, with Homeland Nickel holding the remaining 30%.
Benton Resources has resumed drilling at the Great Burnt Copper Deposit (GBCD) to test newly identified parallel and deep EM conductors. The company has extended the South Pond Gold-Copper Zone to 2.3 km in length, which remains open to expansion. Notable drilling results from 2023-2024 include intersections of up to 13.00m of 8.31% Cu and 26.87m of 7.18% Cu.
A new semi-massive sulphide zone has been discovered 1 km south of South Pond, and a further 15,000m drill program is planned for 2024-2025. The company's geological model suggests mineralized sequence is structurally thickened, potentially suitable for shallow open-pit mining methods.
Benton Resources has announced a new gold discovery at its Dominion Lake Project. The newly discovered Rickirb Zone features a 50m wide sheared zone with a >12.0m wide quartz-flooded area, traced for approximately 120m. Sampling revealed grades up to 4.6 g/t gold, with 7 out of 30 grab samples grading >0.5 g/t Au.
The company has also executed an option agreement with Herbert Froude to acquire additional mineral licenses. The expanded land package now surrounds two VMS deposits: Daniel's Pond and Bobby's Pond. Froude will retain a 2% NSR, with Benton having the option to buy back 1% for $500,000.
Benton Resources has identified a deep electro-magnetic anomaly below the Great Burnt Copper Deposit that could extend its strike length from 850m to 1,050m. The company reported significant drilling results including intersections of up to 13.00m of 8.31% Cu and 26.87m of 7.18% Cu. At the South Pond Gold Zone, drilling has extended gold mineralization to over 1.7km strike length, with highlights including 19.75m grading 1.42g/t Au. Additionally, a large nickel anomaly has been identified, with rock samples grading between 0.13% to 0.23% Ni. The company plans a further 15,000m drill program for 2024-2025.
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