Benton Expands The Great Burnt Copper Deposit Down Plunge Through Recent Drilling Results from Phase 3 Exploration

Rhea-AI Summary

Benton Resources Inc. (TSXV: BEX) has announced positive results from its phase three drill program at the Great Burnt Copper Deposit in Newfoundland. The drilling has expanded the deposit down plunge and along strike to the south, with significant copper intersections. Notable results include:

- Drill hole GB-24-45: 1.72% Cu and 5.55 g/t Ag over 12.30 m
- Drill hole GB-24-41: 6.12% Cu and 11.30 g/t Ag over 1.00 m

The company has initiated its phase four drill program, targeting the deposit 200 m further along strike to the south at approximately 450 m below surface. Benton's CEO, Stephen Stares, expressed optimism about the potential for higher grades as they continue to expand the deposit, which remains open at depth and along strike.

Positive

• Expansion of Great Burnt Copper Deposit down plunge and along strike
• Significant copper intersections in phase three drilling (e.g., 1.72% Cu over 12.30 m)
• Initiation of phase four drill program targeting further expansion
• Deposit remains open at depth and along strike, indicating potential for additional resources

Negative

• None.

Thunder Bay, Ontario--(Newsfile Corp. - August 27, 2024) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has received results from the phase three drill program (see Table 1) at the Great Burnt project in Newfoundland. These latest results continue to show that the Great Burnt Deposit is continuous down plunge and along strike to the south, adding substantially to the deposit at depth. Drill hole GB-24-45 cut 12.30 meters of 1.72 % Cu and 5.55 g/t Ag over 12.30 m with higher grades up to 6.12% Cu and 11.30 g/t Ag over 1.00 m in drill hole GB-24-41 (See Figure 1). The Company has recently started its phase four drill program, with the first hole collared and in-progress a further 200 m along strike to the south. This hole is targeting the deposit at approximately 450 m below surface.

Company President and CEO, Stephen Stares stated, "The recent set of Phase 3 results received at Great Burnt are in line with most viable VMS deposits around the globe and are very substantial as we continue to expand the VMS system. Due to the nature of prior phases of results at the Great Burnt Deposit, we are hopeful to intersect higher grades, as we continue to expand the deposit at depth and along strike, both of which remain completely open."

Figure 1 - Great Burnt Copper Deposit Generalized Longitudinal Sections

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3657/221208_68850f8534cb08f0_002full.jpg

At South Pond, the Company has planned 12 holes to date, with many more to be proposed along the 2.7 km trend. This drilling will commence after the deep drilling is completed at Great Burnt.

In addition, and for the interest of shareholders, the Company would like to illustrate the total potential value using Cu Equivalent which is adopted by many peers in the industry. The Company has assembled a table with Cu and Cu Equivalents to show the comparison from highlights of all holes drilled in Phase 3.

Table 1: Results from the drilling for Phase 3 of drilling are shown below:

DDH #		From (m)	To (m)	Length (m	Cu (%)	Cu Eq (%	Ag (g/t)	Co (%)	Zn (%)	Au (g/t)
GB-24-38		344.40	349.40	5.00	1.68	2.07	3.94	0.01	0.68	0.05
	incl	345.40	349.40	4.00	2.10	2.58	4.93	0.01	0.84	0.06
	incl	345.40	348.40	3.00	2.76	3.41	6.57	0.02	1.10	0.08
	incl	345.40	346.40	1.00	3.26	4.29	8.60	0.04	1.68	0.16
GB-24-39		320.90	332.40	11.50	1.10	1.46	1.86	0.01	0.65	0.05
	incl	328.50	330.40	1.90	4.06	5.03	6.32	0.02	1.72	0.16
	incl	328.50	329.50	1.00	5.70	6.74	12.00	0.04	1.60	0.18
GB-24-40		293.00	297.40	4.40	1.09	1.15	0.72	0.01	0.02	0.02
	incl	294.70	295.25	0.55	3.18	3.28	2.60	0.02	0.05	0.02
	and	328.87	334.57	5.70	2.34	3.23	5.14	0.02	1.61	0.12
	incl	329.54	333.13	3.59	3.47	4.76	6.71	0.03	2.34	0.18
	incl	330.13	331.13	1.00	4.52	5.92	11.60	0.03	2.45	0.21
GB-24-41		265.78	299.50	33.72	0.65	0.75	1.07	0.01	0.11	0.02
	incl	281.50	288.50	7.00	1.42	1.52	2.60	0.01	0.08	0.03
	incl	285.30	287.20	1.90	4.10	4.30	7.65	0.01	0.17	0.05
	incl	286.20	287.20	1.00	6.12	6.39	11.30	0.01	0.27	0.05
GB-24-43		301.14	305.87	4.73	0.69	0.80	0.87	0.01	0.03	0.09
	incl	301.14	303.14	2.00	1.24	1.41	1.55	0.01	0.04	0.18
	and	366.20	375.10	8.90	0.46	1.01	1.76	0.01	1.08	0.05
	incl	369.90	375.10	5.20	0.69	1.60	2.92	0.01	1.83	0.07
	incl	372.90	374.10	1.20	1.15	1.37	3.00	0.01	0.33	0.03
GB-24-44		292.70	300.70	8.00	0.40	0.50	0.98	0.01	0.09	0.03
	incl	296.70	298.70	2.00	1.40	1.64	3.90	0.01	0.30	0.08
GB-24-45		332.00	354.80	22.80	1.23	1.58	3.90	0.02	0.46	0.09
	incl	341.50	353.80	12.30	1.72	2.23	5.55	0.02	0.74	0.12
	incl	350.30	353.80	3.50	2.15	2.46	6.42	0.01	0.38	0.09
	and	341.50	345.30	3.80	2.21	3.09	7.06	0.02	1.47	0.18
GB-24-47		276.02	278.42	2.40	0.72	0.92	1.23	0.01	0.25	0.08
	incl	276.52	277.52	1.00	1.32	1.70	2.40	0.02	0.54	0.10

 

Note: Cu Eq calculated from Metal Equivalent Calculator @ www.metalequivalent.com

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).

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.

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 @ 3.21% Cu Indicated and 482,000 @ 2.35% Cu Inferred. The Project has an excellent geological setting covering 25km of strike and boasts six known Cu-Au-Ag zones over 15km that are all open for expansion. Further potential for discovery is excellent given the extensive number of untested geophysical targets and Cu-Au soil anomalies. Phase 1 and 2 drill programs returned impressive results including 25.42 m of 5.51% Cu, including 9.78 m of 8.31% Cu, and 1.00 m of 12.70% Cu.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221208

FAQ

What were the key results from Benton Resources' (TSXV: BEX) phase three drilling at the Great Burnt Copper Deposit?

Key results from the phase three drilling include 1.72% Cu and 5.55 g/t Ag over 12.30 m in drill hole GB-24-45, and 6.12% Cu and 11.30 g/t Ag over 1.00 m in drill hole GB-24-41. These results demonstrate the expansion of the deposit down plunge and along strike to the south.

Has Benton Resources (TSXV: BEX) started its phase four drilling program at the Great Burnt Copper Deposit?

Yes, Benton Resources has recently started its phase four drill program at the Great Burnt Copper Deposit. The first hole is collared and in-progress, targeting the deposit 200 m further along strike to the south at approximately 450 m below surface.

What is the potential for further expansion of the Great Burnt Copper Deposit according to Benton Resources (TSXV: BEX)?

According to Benton Resources, the Great Burnt Copper Deposit remains open at depth and along strike. The company is optimistic about the potential for higher grades as they continue to expand the deposit through further drilling.

What are Benton Resources' (TSXV: BEX) plans for the South Pond area at the Great Burnt project?

Benton Resources has planned 12 holes to date at the South Pond area, with more to be proposed along the 2.7 km trend. Drilling at South Pond will commence after the deep drilling is completed at the Great Burnt Copper Deposit.