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Benton Resources Inc. (OTC: BNTRF) is a well-financed mineral exploration company specializing in the discovery, development, and advancement of high-grade mining assets across Canada. Listed on the TSX Venture Exchange under the symbol BEX, Benton boasts a diversified and highly prospective property portfolio, with a primary focus on copper and gold exploration. The company also holds significant equity positions in other mining ventures, further enhancing its strategic reach and financial stability.
Core Projects and Exploration Focus
Benton’s flagship project is the Great Burnt Copper-Gold Project, located in central Newfoundland. This advanced-stage asset is characterized by a robust mineral resource estimate of 667,000 tonnes @ 3.21% Cu (Indicated) and 482,000 tonnes @ 2.35% Cu (Inferred). Covering 25 kilometers of strike length, the project encompasses six known copper-gold-silver zones, all of which remain open for expansion. Benton’s exploration efforts have yielded impressive results, including drill intersections of 25.42 meters grading 5.51% Cu and 74.20 meters grading 1.43 g/t Au, demonstrating the project’s enormous potential for resource growth.
Additionally, Benton is advancing the South Pond Gold Zone (SPGZ), located approximately 7.5 kilometers north of the Great Burnt Copper-Gold Zone. This emerging gold system spans over 3 kilometers, with drilling confirming significant gold mineralization, including 43.75 meters grading 1.62 g/t Au and 54.5 meters grading 1.88 g/t Au. The zone remains open in all directions, offering substantial upside for future exploration.
Strategic Diversification and Partnerships
Beyond its flagship projects, Benton has strategically diversified its portfolio to include lithium and nickel exploration. The company recently announced the spinout of its Vinland Lithium Inc. shares, providing shareholders exposure to the burgeoning lithium market. Additionally, Benton has identified a significant nickel anomaly near its Great Burnt Project, with soil sampling and geophysical surveys revealing promising targets for future drilling.
Benton’s business model is further strengthened by its retention of net smelter return (NSR) royalties on several properties, ensuring potential long-term cash flow from future production. The company’s partnerships, such as its 70%-30% joint venture with Homeland Nickel Inc., underscore its collaborative approach to advancing high-quality assets while mitigating exploration risks.
Commitment to Excellence and Sustainability
Benton Resources adheres to stringent QA/QC protocols and works with accredited assay laboratories to ensure the reliability of its exploration data. The company also benefits from financial grants under Newfoundland and Labrador’s Junior Exploration Assistance program, reflecting its commitment to responsible and sustainable mineral exploration in one of Canada’s most favorable mining jurisdictions.
With a proven track record of exploration success, a diversified asset base, and a strategic focus on high-grade copper, gold, and critical minerals, Benton Resources is well-positioned to capitalize on the growing global demand for essential raw materials.
Benton Resources (TSXV: BEX) announces plans for a shareholder vote on January 8, 2025, to approve the spin-out of approximately 2 million shares of Vinland Lithium. Vinland, which holds the Killick lithium project, is currently owned by Benton (40%), Sokoman Minerals (40%), and Piedmont Lithium (20%). Following approval, the TSX Venture Exchange has conditionally agreed to list Vinland's approximately 10 million shares. The expected distribution ratio is about 50 Vinland shares per 5,000 Benton shares, with a minimum holding requirement of 5,000 Benton shares to receive the distribution.
Benton Resources has extended the South Pond Gold Zone at its Great Burnt Copper-Gold project by 600 meters south with significant drilling results. Notable intercepts include 1.48g/t gold over 24.00m in SP-24-09 and two zones in SP-24-10 yielding 1.04g/t Au over 20.00m and 1.54g/t Au over 25.00m. The company has completed 30 diamond drill holes totaling 3,380m, with all holes intersecting significant mineralization. The exploration model suggests a structurally thickened mineralized sequence that may be suitable for shallow open-pit mining methods. Benton holds a 70% interest in the project, with Homeland Nickel holding the remaining 30%.
Benton Resources Inc. (TSXV: BEX) has announced significant gold intersections from its drilling program at the South Pond Gold Zone (SPGZ) in Newfoundland. Notable results include 74.20 m of 1.43g/t Gold in Hole SP-24-07 and 43.75 m of 1.62g/t Gold in Hole SP-24-03. The SPGZ remains open in all directions, with 23 drill holes completed totaling 3,183 m.
The company has developed a new geological model suggesting a structurally thickened mineralized sequence near the surface, potentially suitable for open-pit mining. All 22 holes drilled along the 2.5 km mineralized magnetic horizon have intersected significant mineralization.
At the Great Burnt Copper Deposit, Benton completed a 200 m step-out hole and is planning further exploration. The company has earned a 70% interest in the Great Burnt Copper-Gold Project, with Homeland Nickel holding the remaining 30%.
Benton Resources Inc. (TSXV: BEX) reports encouraging drill results from Clean Air Metals Inc.'s Thunder Bay North project. Benton holds approximately 24.6 million shares of Clean Air and retains a 0.5% net smelter return royalty on parts of the project. Highlights include:
- 51.79m of 4.92 g/t Pt, 4.66 g/t Pd, 1.07% Cu, and 0.55% Ni in hole CL24-001
- 31.40m of 4.22 g/t Pt, 4.04 g/t Pd, 0.95% Cu, and 0.56% Ni in hole CL24-003
Clean Air Metals is focusing on advancing the Thunder Bay North project, targeting near-surface high-grade zones. The company is considering moving to advanced exploration, including a potential bulk sample extraction from the Bridge zone at the Current deposit.
Benton also provides an update on its Great Burnt project, with Phase 4 diamond drilling underway and surface exploration ongoing. The company has granted 3.75 million stock options to various stakeholders at $0.12 per share for five years.
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.
Benton Resources Inc. (TSXV: BEX) has acquired 8 claim units near the Great Burnt Copper Deposit and reported new channel sampling results from the South Pond deposit. Highlights include:
1. Channel samples of 3.78 g/t Gold, 0.68% Copper, and 4.10 g/t Silver over 5.10 m at South Pond.
2. Resumed diamond drilling at Great Burnt Deposit, extending 200 m down plunge.
3. Expanded Great Burnt Copper Deposit to 850 m strike length.
4. Identified new mineralization with grades exceeding 1% Copper and 5 g/t Gold.
5. Detailed ground magnetics potentially link South Pond to South Pond B deposit, giving it a 2.7 km strike length.
Benton Resources Inc. (TSXV: BEX) has successfully closed its brokered flow-through private placement financing, raising $1,146,411.75 in gross proceeds. The company issued 6,947,950 flow-through units, each comprising one flow-through common share and half a common share purchase warrant. The warrants are exercisable at $0.25 for one non-flow-through common share within a 2-year period.
The funds will be used for eligible Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures. Haywood Securities Inc. led the financing, with Red Cloud Securities Inc. and Canaccord Genuity Corp. as part of the syndicate. Benton paid $80,249.00 in cash fees and issued 486,356 compensation options to the agents, exercisable at $0.165 per share for 2 years.
Benton Resources Inc. (TSXV: BEX) has completed its $2.5 million earn-in for a 70% interest in the Great Burnt Copper project in Newfoundland. The company has temporarily paused drilling while awaiting Homeland Nickel Inc.'s formal acceptance of expenditures and decision on future participation. Benton plans to continue aggressive exploration with 10,000-15,000 meters of additional drilling.
Recent Phase Three drill results have expanded the Great Burnt Deposit down plunge and along strike, with high-grade copper intersections and significant zinc, silver, cobalt, and gold content. Highlights include:
- GB-24-38: 5.00m at 1.68% Cu, including 1.00m at 3.26% Cu
- GB-24-39: 11.50m at 1.10% Cu, including 1.00m at 5.70% Cu
- GB-24-40: 5.70m at 2.34% Cu, including 1.00m at 4.52% Cu
The deposit remains open for expansion, with further assay results pending.
Benton Resources continues its Phase 3 diamond drill program at the Great Burnt Copper Deposit, successfully expanding the deposit approximately 150m down plunge and along strike to the south. Out of 10 holes drilled, 7 intersected massive sulphide. Preliminary gold assays from the South Pond area showed promising grades up to 9.91 gpt Au and 5.19 gpt Au, with more base metal results pending. Soil sampling identified a new 2 km gold anomaly. Historic and new geophysical data are being interpreted for further exploration.
Benton Resources announced an academic partnership for the Killick Lithium Project in Newfoundland. The project, which began on April 1, 2024, has been awarded $1.32 million in research grants over three years by NSERC. The research aims to understand the origin of lithium resources in the region. The collaboration involves St. Francis Xavier University and Memorial University, along with contributions from Sokoman Minerals, Piedmont Lithium, and the Geological Survey of Newfoundland and Labrador. The research will provide training opportunities for students in field methods and data collection. The project aligns with Canada's Critical Minerals Strategy, aimed at boosting the supply of critical minerals for the green and digital economy.
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