Benton Resources Stock Price, News & Analysis

Benton Resources (BNTRF) reported significant high-grade copper results from its Great Burnt Project drilling program. The key highlight comes from drill hole GB-25-65, which intersected 2.49% Cu over 12.30m (2.95% CuEq), including a high-grade section of 5.27% Cu over 4.80m (6.34% CuEq) in the Great Burnt Main Zone. The company discovered multiple new copper-rich zones east of the main zone, with intersections including 3.32% Cu over 0.33m and 1.27% Cu over 2.85m. Additionally, promising gold mineralization was found 150m north of the main zone, returning 2.15g/t Au over 7.70m. The company has completed its deepest hole to date (GB-26-66) and identified a strong conductor through EM survey. Benton holds a 70% interest in the project, with Homeland Nickel owning the remaining 30%.

Benton Resources (TSXV: BEX) has expanded its land position in the Tulks Volcanic Belt through a second purchase agreement with Puddle Pond Resources, acquiring 6 licenses totaling 67 units for $10,000 and 300,000 shares, subject to a 2% NSR. This follows a previous acquisition of 4 licenses (31 units) for $15,000 and 200,000 shares. The company reports significant early prospecting success, including the Trinity Zone discovery with high-grade samples showing up to 14.6% Zinc, 2.53% Copper, and 68.7 g/t Silver. Additionally, two gold mineralization areas have been identified, with the Rickirb gold discovery extended by 100m NNE, showing samples up to 6.41 g/t Au, and a second area 7.7 km SW of Rickirb yielding samples up to 6.0 g/t Au.

Benton Resources (BNTRF) has made significant discoveries at its Dominion Lake project in Newfoundland during a 15-day prospecting program. The newly discovered Trinity Zone, located 3.5 km SSE of Daniel's Pond VMS Deposit, yielded impressive grab samples with up to 14.60% zinc, 2.53% copper, 68.70 g/t silver, 1.31% lead, and 0.17 g/t gold. The company also extended the Rickirb gold discovery by 100m, with samples grading up to 6.41 g/t gold, and identified a new gold-bearing area 7.7 km SW of Rickirb Zone with samples up to 6.00 g/t gold. To expand its presence, Benton acquired additional land through a purchase agreement worth $15,000 cash and 200,000 shares, subject to a 2% NSR. The project's strategic location, just 21 km from Calibre Mining's newest gold mine, positions it well in this emerging exploration area.

Benton Resources (TSXV: BEX) has announced a significant new gold discovery at its Great Burnt Copper-Gold Project. Drill hole GB-25-63 intercepted 2.15 g/t gold over 7.70m, including 5.46 g/t over 2.75m, approximately 150m north of the Great Burnt Copper deposit. The company also reported successful intersections in the Great Burnt Main Zone and Footwall Zone, with hole GB-25-65 cutting massive sulphide sections. Benton has completed 5,090m of drilling in its phase 5 program, totaling over 23,300m since late 2023. A 5.9km surface pulse EM survey along the South Pond trend has identified new conductive targets for future exploration. Benton holds a 70% interest in the project, with Homeland Nickel holding the remaining 30%.

Benton Resources (TSXV: BEX) has resumed diamond drilling at its Great Burnt Copper Gold project. The company is drilling Hole GB-25-61 to test 50m below a recent discovery at the North Stringer Zone, where previous Hole GB-25-59 yielded two mineralized zones: an upper zone with 0.69% Cu over 14.40m (including 0.67g/t Au) and a lower zone with 0.80% Cu over 15.00m. The company plans 4 holes to expand this area. Additionally, a 50m step-out hole will test the GB Main Deposit's southern continuation, targeting an EM conductor where previous drilling returned 0.77% Cu over 32.1m. Benton has completed a 5km surface EM survey along the South Pond trend and plans to extend it by 1km to the northern claim boundary. Benton holds a 70% interest in the project, with Homeland Nickel holding the remaining 30%.

Benton Resources has completed its planned spin-out of Vinland Lithium shares. Shareholders owning at least 5,000 Benton shares will receive approximately 50 Vinland shares for each 5,000 Benton shares held, effective April 30, 2025.

Key details:

• Benton will distribute 2,025,126 Vinland common shares to shareholders while retaining 2,000,000 shares
• Vinland has approximately 10,000,000 total issued shares
• Sokoman Minerals will spin out the same number of Vinland shares to its shareholders
• New Benton shares will trade under security number CA0832971018

The transition will occur on April 30, 2025, when New Benton shares begin trading on the Exchange. Old Benton shares will be delisted on April 29, 2025. While Vinland shares won't be listed immediately, the company has applied for Exchange listing. Shareholders with less than 5,000 Benton shares won't receive Vinland shares.

Benton Resources (TSXV: BEX) has completed the planned spin-out of approximately half of its Vinland Lithium shares. Shareholders owning at least 5,000 Benton shares will receive approximately 50 Vinland shares for each 5,000 Benton shares held, effective April 30, 2025.

Benton will distribute a total of 2,025,126 Vinland common shares while retaining 2,000,000 shares. Vinland has approximately 10,000,000 total issued shares. Sokoman Minerals Corp. is simultaneously spinning out an equal number of Vinland shares to its shareholders.

The new Benton shares (New Benton) will be listed on the Exchange on April 29, 2025, with the old shares delisting on April 28, 2025. While Vinland shares won't be immediately listed, the company has applied for Exchange listing separately.

Benton Resources (TSXV: BEX) has completed 70% of a planned 5 km surface Pulse Electromagnetic survey along the northern portion of the South Pond trend on the Great Burnt Property. The survey has identified several new conductive plates associated with known mineralized zones at surface, potentially situated near an anticlinal fold crest.

Recent drilling highlights from the South Pond trend include significant gold intersections across multiple holes, with notable results such as 1.62 g/t Au over 43.75m (SP-24-03) and 1.88 g/t Au over 54.50m (SP-24-32). The company plans to resume drilling at the Great Burnt Main Zone, where previous hole GB-25-53 intersected 0.77% Cu over 32.1m including higher-grade sections.

Additional drilling is planned around the new discovery beneath the North Stringer Zone, where recent results showed 0.69% Cu over 14.40m with associated gold mineralization, and 0.80% Cu over 15.00m in the lower zone. Benton holds a 70% interest in the Great Burnt Copper-Gold Project, with Homeland Nickel holding the remaining 30%.

Benton Resources (TSXV: BEX) has received shareholder approval to spin out approximately 2 million of its 4 million common shares of Vinland Lithium Inc. to its shareholders. The spin-out, approved at the March 21, 2025 annual meeting, will distribute shares at a ratio of approximately 50 Vinland shares per 5,000 Benton shares.

Vinland Lithium, which holds the Killick Lithium Project, is currently owned by Benton (40%), Sokoman Minerals (40%), and Piedmont Lithium Newfoundland Holdings (20%). The distribution is expected to occur around April 30, 2025. Notably, Piedmont has invested CAD$2.0M at CAD$1.00 per share and has the option to earn up to 62.5% direct interest in Killick Lithium by spending CAD$12.0M in exploration and development.

Upon Piedmont completing all earn-in options, they will have paid Benton and Sokoman CAD$10.0M in Piedmont Lithium shares. Benton and Sokoman will collectively retain a 2% NSR on the Killick project.