Benton Discovers New Gold Horizon 21 km North-Northeast of Calibre's Marathon Deposit and Options Additional Ground
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 ha annunciato una nuova scoperta d'oro presso il suo progetto Dominion Lake. La recentemente scoperta Rickirb Zone presenta una zona fratturata larga 50 m con un'area inondanta di quarzo larga oltre 12,0 m, estesa per circa 120 m. I campionamenti hanno rivelato gradi fino a 4,6 g/t di oro, con 7 campioni su 30 che presentano un grado superiore a 0,5 g/t Au.
L'azienda ha inoltre firmato un accordo di opzione con Herbert Froude per acquisire ulteriori licenze minerarie. Il pacchetto di terreni ampliato ora circonda due depositi VMS: Daniel's Pond e Bobby's Pond. Froude manterrà un 2% di NSR, con Benton che avrà l'opzione di riacquistare l'1% per 500.000 dollari.
Benton Resources ha anunciado un nuevo descubrimiento de oro en su Proyecto Dominion Lake. La recién descubierta Rickirb Zone presenta una zona de cizallamiento de 50 m de ancho con un área inundada de cuarzo de más de 12,0 m de ancho, trazada por aproximadamente 120 m. El muestreo reveló grados de hasta 4.6 g/t de oro, con 7 de 30 muestras de captura que tienen grados superiores a 0.5 g/t Au.
La empresa también ha ejecutado un acuerdo de opción con Herbert Froude para adquirir licencias minerales adicionales. El paquete de tierras ampliado ahora rodea dos depósitos VMS: Daniel's Pond y Bobby's Pond. Froude retendrá un 2% de NSR, con Benton teniendo la opción de recomprar el 1% por 500,000 dólares.
벤튼 리소스(Benton Resources)는 도미니언 호수 프로젝트(Dominion Lake Project)에서 새로운 금 발견을 발표했습니다. 새롭게 발견된 리키르브 존(Rickirb Zone)은 50m 폭의 단층 구역과 약 120m에 걸쳐 있는 12.0m 폭의 석영이 침수된 지역을 특징으로 합니다. 샘플 분석 결과 4.6 g/t 금의 등급이 나타났으며, 30개의 표본 중 7개가 0.5 g/t Au를 초과하는 것으로 나타났습니다.
회사는 또한 허버트 프라우드(Herbert Froude)와 추가 광물 라이센스를 인수하기 위한 옵션 계약을 체결했습니다. 확장된 토지 패키지는 이제 다니엘 연못(Daniel's Pond)과 바비 연못(Bobby's Pond)이라는 두 개의 VMS 매장지를 둘러싸고 있습니다. 프라우드는 2% NSR을 유지하며, 벤턴은 500,000 달러에 1%를 되사는 옵션을 가집니다.
Benton Resources a annoncé une nouvelle découverte d'or dans son projet Dominion Lake. La nouvelle zone découverte, Rickirb Zone, présente une zone de cisaillement large de 50 m avec une zone inondée de quartz de plus de 12,0 m de large, tracée sur environ 120 m. Les échantillons ont révélé des teneurs allant jusqu'à 4,6 g/t d'or, avec 7 échantillons sur 30 présentant des grades supérieurs à 0,5 g/t Au.
L'entreprise a également conclu un accord d'option avec Herbert Froude pour acquérir des licences minérales supplémentaires. Le paquet de terres élargi entoure maintenant deux dépôts VMS : Daniel's Pond et Bobby's Pond. Froude conservera 2 % de NSR, Benton ayant l'option de racheter 1 % pour 500 000 dollars.
Benton Resources hat eine neue Goldentdeckung bei seinem Dominion Lake Projekt bekannt gegeben. Die neu entdeckte Rickirb Zone weist eine 50 m breite Scherzone mit einem >12,0 m breiten Quarzbereich auf, der über etwa 120 m verfolgt werden kann. Probennahmen ergaben Gehalte von bis zu 4,6 g/t Gold, wobei 7 von 30 Grabproben >0,5 g/t Au aufwiesen.
Das Unternehmen hat auch einen Optionsvertrag mit Herbert Froude ausgeführt, um zusätzliche Mineralrechte zu erwerben. Das erweiterte Landpaket umschließt nun zwei VMS-Lagerstätten: Daniel's Pond und Bobby's Pond. Froude behält eine 2% NSR, mit Benton, das die Option hat, 1% für 500.000 Dollar zurückzukaufen.
- New gold discovery with grades up to 4.6 g/t Au
- Strategic expansion of land package through Froude Option Agreement
- Property surrounds two known VMS deposits
- Substantial cash and share payments required over 4 years for Froude Option
- 2% NSR royalty obligation on new claims
Thunder Bay, Ontario--(Newsfile Corp. - November 28, 2024) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has made a new gold discovery on its
A small prospecting program conducted in late summer 2024 on the recently staked Dominion Lake claims resulted in the discovery of a 50 m wide sheared zone in contact with >12.0 m wide exposed quartz-flooded and silicified zone that has been traced intermittently for approximately 120 m. The new zone, named the Rickirb Zone, has returned grades as high as 4.6 grams per tonne (g/t) gold (Au). The Company has collected a total of 30 grab samples within a 200 m area of the new zone, with 7 samples grading greater than 0.5 g/t Au. The zone has a trend of 20 degrees and is situated 21 km north-northeast of Calibre Mining Corp.'s Marathon Deposit.
In conjunction with the new gold discovery, the Company has executed an option agreement to acquire a
Terms of the agreement to acquire a
- pay Herbert Froude
$8,000 upon signing the agreement, and upon receipt of regulatory approval (the "Effective Date") issue Herbert Froude 80,000 common shares of the Company; - on the first anniversary of the Effective Date, issue to Herbert Froude 80,000 common shares of the Company and pay
$8,000 ; - on the second anniversary of the Effective Date, issue to Herbert Froude 80,000 common shares of the Company and pay
$800 0; - on the third anniversary of the Effective Date, issue to Herbert Froude 80,000 common shares of the Company and pay
$10,000 ; and - on the fourth anniversary of the Effective Date, issue to Herbert Froude 120,000 common shares of the Company and pay
$20,000.
Herbert Froude will retain a
Figure 1: Regional Map
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Figure 2:
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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 its preparation.
QA/QC Protocols
Core and rock samples, including standards, blanks and duplicates, are submitted to Eastern Analytical Ltd., Springdale, Newfoundland for preparation and analysis. All samples were acquired by saw-cut (channels/drill core) with one-half submitted for assay and one-half retained for reference, or hand (rocks) and delivered, by Benton personnel, in sealed bags, to the Springdale lab of Eastern Analytical, which is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples are analyzed using Eastern's Au (Fire assay) @ 30g + ICP-34 method that delivers a 34-element package utilizing a 200 mg subsample totally dissolved in four acids and analyzed by ICP-OES analytical technique. Overlimits are analysed with Eastern's atomic absorption method, using a 0.200 g to 2.00 g of sample, digested with three acids. All reported assays are uncut. Eastern Analytical Ltd. achieved ISO 17025 accreditation in February 2014 (for more details on the scope of accreditation visit the CALA website).
About Benton Resources Inc.
Benton Resources is a well-financed mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Benton has a diversified, highly prospective property portfolio and 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 focused on advancing its high-grade Copper-Gold Great Burnt Project in central Newfoundland, which has a Mineral Resource estimate of 667,000 tonnes @
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: 807-474-9020
Email: sstares@bentonresources.ca
Nick Konkin, Investor Relations
Phone: 647-249-9298 ext. 322
Email: nick@grovecorp.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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FAQ
What are the gold grades discovered at Benton Resources' (BNTRF) Rickirb Zone?
What is the size of the new gold zone discovered by Benton Resources (BNTRF)?
What are the terms of Benton Resources' (BNTRF) Froude Option Agreement?
