Benton Intersects Massive Sulphides Down Plunge and Along Strike at Great Burnt Copper Deposit

Rhea-AI Summary

Benton Resources Inc. expands Great Burnt deposit in Newfoundland, showcasing potential for further growth. The Phase 2 drill program reveals multiple sulphide intersections, including a significant 4.1m massive sulphide zone. President Stephen Stares highlights the vast potential of the VMS system, anticipating continued success in the copper-gold system.

Thunder Bay, Ontario--(Newsfile Corp. - March 11, 2024) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has successfully expanded the Great Burnt deposit in south-central Newfoundland another 50 m down plunge and along strike to the south, continuing to demonstrate that the deposit is wide open for expansion.

The Company has completed 12 holes for 2,630 m in the Phase 2 drill program that was designed for infill definition of up dip and down dip limits, as well as expansion down plunge and along strike. Multiple intersections of stringer, semi-massive and massive sulphides have been intersected from 0.5 m to 17.75 m, including a 4.1 m massive sulphide zone in hole GB-24-34 which is the deepest and most southern drill hole ever drilled in the deposit. An undercut hole is currently underway to test down dip of the intercept.

President and CEO Stephen Stares States, "This new drill intercept to the south indicates the significant potential that lies to the south and down plunge at Great Burnt. We are very excited that our team has expanded and proven that the VMS system is wide open and look forward to receiving assays results and continued success in this large copper-gold system."

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. 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 currently 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. The Phase 1 drill program consisting of over 5,650m, completed in November, returned impressive results including 25.42m of 5.51% Cu, including 9.78 m of 8.31% Cu, and 1.00 m of 12.70% Cu from hole GB-23-12.

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

Iryna Zheliasko, Investor Relations
Phone: 647-249-9298 ext. 322
Email: iryna@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/201205

FAQ

What is the latest announcement from Benton Resources Inc. regarding the Great Burnt deposit?

Benton Resources Inc. has successfully expanded the Great Burnt deposit in south-central Newfoundland by 50m down plunge and along strike to the south, indicating potential for further growth.

How many holes were completed in the Phase 2 drill program by Benton Resources Inc.?

Benton Resources Inc. completed 12 holes for 2,630m in the Phase 2 drill program.

What types of sulphides were intersected in the drill program by Benton Resources Inc.?

Multiple intersections of stringer, semi-massive, and massive sulphides were encountered, including a 4.1m massive sulphide zone.

Who is the 'Qualified Person' responsible for the scientific and technical disclosure in the news release by Benton Resources Inc.?

Stephen House (P.Geo.), Vice President of Exploration for Benton Resources Inc., is the 'Qualified Person' under National Instrument 43-101.

What does President Stephen Stares of Benton Resources Inc. mention about the new drill intercept?

Stephen Stares highlights the significant potential to the south and down plunge at Great Burnt, expressing excitement for the expanded VMS system.

What are the future expectations for Benton Resources Inc. in relation to the Great Burnt deposit?

Benton Resources Inc. anticipates continued success in the large copper-gold system, awaiting assay results and further growth opportunities.