Benton Acquires Highly Strategic Land Position Around the South Pond Deposits in the Northern Portion of the Great Burnt Copper-Gold Project and Continues to Intersect Copper-Rich Massive Sulphides in Drilling
- Benton Resources has acquired a strategic mineral license surrounding its Great Burnt Copper-Gold Project, expanding its land position.
- The property includes deposits and untested EM anomalies, indicating potential for Volcanic Massive Sulphides or Copper-Nickel Magmatic Sulphides.
- Benton has completed 2,236m of drilling in 9 holes, with all holes intersecting semi-massive and massive sulphides containing significant chalcopyrite mineralization.
- The company's priority is expanding the high-grade core in the Main Deposit, which has been successful so far.
- None.
Thunder Bay, Ontario--(Newsfile Corp. - October 30, 2023) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has entered into an option agreement to acquire a
Benton is excited to add this strategic land position as it continues with its drilling effort 14km to the south on the Great Burnt Main deposit. Benton has now completed 2,236m of drilling in 9 holes with all holes intersecting semi-massive and massive sulphides containing significant chalcopyrite (copper) mineralization. The Company's priority is expansion of the Great Burnt high-grade core in the Main Deposit which has been extremely successful to date. Hole GB-23-01 through GB-23-09 were completed over a 295m strike length. Hole GB-23-01 was an infill hole to test the zone 12m updip from GB-18-05 and 20m downdip from GB-20-20 and intersected a combined 12.30m of semi-massive/massive sulphides in 4 separate zones (from 69.05 to 72.30m, 82.75 to 87.10m, 90.00 to 94.05m and 95.05 to 95.70m). GB-23-02 intersected the zone 20m updip from GB-20-05 which cut 12.91m of semi-massive/massive sulphides between 162.89 to 175.80m. GB-23-03 intersected the zone 30m updip from GB-20-05 and cut a combined 1.3m of semi-massive/massive sulphides from 154.80 to 155.50m and158.00 to 158.60m. GB-23-04 intersected the zone 12m south of historical drill hole GB-86 and cut a combined total of 16.6m of semi-massive/massive sulphides from 186.60 to 193.20m and 200.00 to 210.00m. GB-23-05, drilled from this same set-up, intersected the zone 15m up-dip and cut a total of 2.6m of semi-massive/massive sulphides from 186.73 to 189.28m. GB-23-06 and GB-23-07 were collared a further 40m south of GB-23-04 and 05 and both cut semi-massive/massive sulphides from 196.72 to 203.46 (GB-23-06), 202.07 to 206.35 and 220.39 to 231.54m (GB-23-07). GB-23-08 and GB-23-09 were collared 25m south of GB-23-06 and 07 and both holes intersected the down plunge extension of the semi-massive/massive sulphides. The Company has included photos of the various sulphide intercepts below.
Stephen Stares, President and CEO of the Company commented, "The Great Burnt project continues to deliver exceptional drill intercepts and I'm very excited about the overall potential of this large copper-gold system. We are also excited about the prospects of the new SSAF option, contiguous with the main project claim package, and we are delighted to work with the SSAF team in the mining-friendly province of Newfoundland."
"We are pleased to partner with Benton, a reputable company with strong ties to Central Newfoundland, on this promising copper-gold project. The SSAF property complements Benton's claim package and offers significant exploration potential. This partnership aligns with our strategy of developing quality assets and building long-term collaborations. We are impressed by the drill results announced today and look forward to exploring more opportunities with Benton in the future," said Angie Stockley, Chief Commercial Officer of SSAF Inc., President of the NL Minerals Collective.
Figure 1
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Figure 2
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GB-23-04
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GB-23-06
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GB-23-09
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Great Burnt Copper-Gold Project
The Great Burnt Main Zone has an NI 43-101 compliant resource prepared in 2022 for Spruce Ridge Resources Ltd. by P&E Mining Consultants Inc. of 667,000 Tonnes (47.2 Mlb) Cu at
- GB20-05: 27.20 m of
8.06% Cu, including 7.75 m of16.88% Cu - GB20-20: 22.75 m of
6.89% Cu, including 12.55 m of10.59% Cu - GB18-05: 20.94 m of
6.21% Cu, including 6.98 m of10.71% Cu - GB18-06: 9.97 m of
7.45% Cu, including 5.03 m of11.42% Cu - GB16-08: 7.50 m of
9.45% Cu, including 3.00 m of19.30% Cu - GB16-09: 5.75 m of
6.68% Cu, including 1.50 m of11.70% Cu
Exploration at the South Pond Zone has identified potential for both copper and gold along several kilometers of strike. Highlights of the 2021 drill program include:
- SP21-01: 1.69g/t Au over 51.00 m, including 3.19g/t Au over 11.00 m, within 10 m of surface
- SP21-03: 2.36g/t Au over 15.00 m, including 11.33g/t Au over 1.00 m
- SP21-08: 1.75g/t Au over 21.20 m, including 2.82g/t Au over 10.20 m
- SP21-11: 1.34g/t Au over 17.60 m, including 2.48g/t Au over 4.20 m
- SP21-14: 2.06g/t Au over 21.00 m
- SP21-16: 1.72g/t Au over 10.00 m
Note: Widths quoted are true core length, true widths are estimated at approximately
QP
Stephen House (P.Geo.), Vice President of Exploration for Benton Resources Inc., the 'Qualified Person' under National Instrument 43-101, has approved the scientific and technical disclosure in this news release and prepared or supervised it's preparation.
About Benton Resources Inc.
Benton Resources is a well-financed mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Following a project generation business model, Benton has a diversified, highly prospective property portfolio of gold, silver, nickel, copper, platinum group elements and, most recently, lithium and cesium assets. In addition, it currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains net smelter return (NSR) royalties with potential long-term cash flow.
Benton is also a 50/50 partner in a strategic alliance with Sokoman Minerals Corp. through three large-scale joint-venture properties, including Grey River Gold, and Kepenkeck in Newfoundland.
On behalf of the Board of Directors of Benton Resources Inc.,
"Stephen Stares"
Stephen Stares, President
Parties interested in seeking more information about properties available for option can contact Mr. Stares at the number below.
For further information, please contact:
Stephen Stares, President & CEO
Phone: 807-475-7474
Email: sstares@bentonresources.ca
Website: www.bentonresources.ca
Twitter: @BentonResources
Facebook: @BentonResourcesBEX
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.
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