Benton Increases Interest in Great Burnt Project and Identifies High Priority Target
Rhea-AI Summary
Benton Resources (OTC:BNTRF) announced that Homeland Nickel will no longer participate in the Great Burnt joint venture, leaving Benton with a deemed 73.51% interest (as of Dec 31, 2025) after $6,108,232.33 in exploration spend versus Homeland's $2,201,071.93.
Benton plans an aggressive summer program including airborne EM/magnetic surveys, prospecting, trenching and diamond drilling and reported soil gold values up to 5.1 g/t Au near newly sampled float assaying 12.0 g/t Au.
AI-generated analysis. Not financial advice.
Positive
- Benton holds a 73.51% interest in Great Burnt after deemed expenditures
- Winter soils returned up to 5.1 g/t Au, with nearby float to 12.0 g/t Au
- Planned summer program includes airborne EM/magnetic survey and diamond drilling
Negative
- Benton will assume greater exploration spending and operational responsibility
- Assays reported are from selective grab/soil samples and may not represent average mineralization
News Market Reaction – BNTRF
On the day this news was published, BNTRF gained 13.98%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Thunder Bay, Ontario--(Newsfile Corp. - April 6, 2026) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has received notice from Homeland Nickel Inc ("Homeland") that they will no longer participate in its joint venture with Benton (see news release dated August 17, 2023) on the Great Burnt property which encompasses the South Pond gold-copper deposit and the Great Burnt copper deposit (the "GB Property") in central Newfoundland.
As a result, and as of December 31, 2025, Homeland had been deemed to incur
The Company is planning an aggressive summer exploration program which will work toward delineating updated resources for both South Pond Gold-Copper Deposit and the Great Burnt Copper Deposit. In addition, the Company will continue to explore its vast land package at GB and GB south projects. This will include an Airborne Electro Magnetic (EM), Magnetic Survey on the southern half of the project, follow up prospecting, mapping, trenching and diamond drilling. The Company will complete further soil sampling over areas that have seen little historical exploration. With continued successful results, the Company will advance compilation, prospecting, mapping, ground geophysics, trenching and diamond drilling project wide. The Company remains confident that additional copper and gold zones will be discovered.
On the northern portion of the project, recently received assay results from a small winter soil sampling program have returned very significant gold values in soils grading from trace up to 5.1g/t Au. This immediate area is also host to multiple bedrock and float samples assaying to 896 ppb Au and is located 330 m southwest of float samples discovered in the fall of 2025 that assayed 12.0 g/t Au. The Company will continue work in this highly prospective area outside of the known extents of the South Pond Deposit.
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). Grab samples are selective in nature and may not represent the average mineralization of a bedrock exposure.
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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