Mr. Stephen Stares reports
BENTON COMPLETES PHASE 2 DRILL PROGRAM AND MOBILIZES DOWN-HOLE GEOPHYSICAL CREW TO DELINEATE ELECTRO-MAGNETIC TARGETS FOR PHASE 3 PROGRAM AT GREAT BURNT COPPER DEPOSIT, NEWFOUNDLAND
Benton Resources Inc. has successfully completed its phase 2 drill program, encompassing 15 holes for a total of 3,260 metres, at its Great Burnt project in Newfoundland. Results for the initial drill holes are expected shortly and will be released once received and compiled.
Highlights from phase 2 to date include:
- Successfully expanded the Great Burnt deposit 50 metres down plunge and along strike to the south;
- Successfully demonstrated that the deposit is wide open for expansion;
- Defined partial up dip and down dip limits of the main zone;
- Majority of drill holes intersected stringer, semi-massive and/or massive sulphide from 0.5 m to 17.75 m.
In addition, the company has engaged Eastern Geophysics to complete a Crone downhole pulse electromagnetic survey on seven drill holes for targeting of massive sulphides near the main zone over a 300 to 400 m area. This includes surveying the two deepest holes completed by Benton to date to test for further expansion of the massive sulphide zone. Benton's team continues to be excited about the excellent potential of Great Burnt project and the mobilization of the geophysical crew will commence this week.
Upon completion of the survey, the company will prepare for its phase 3 exploration program to begin in May-June, which will include drilling, trenching, surface sampling, prospecting, structural mapping, as well as soil and rock geochemistry sampling.
Benton's president and chief executive officer Stephen Stares stated: "This will be an exciting summer for Benton and its shareholders as we embark on our third drill program at Great Burnt in the coming weeks. We have a tremendous amount of work to do on this highly prospective and underexplored 25 km volcanic belt at Great Burnt. We remain confident that our upcoming aggressive ground exploration program will lead to additional discoveries at the project. We look forward to receiving assays results from this program and continuing to expand on this large copper-gold system in 2024."
Qualified person
Stephen House (PGeo), vice-president of exploration for Benton Resources, 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 at 3.21 per cent Cu indicated and 482,000 at 2.35 per cent Cu inferred. The project has an excellent geological setting covering 25 kilometres of strike and boasts six known copper-gold-silver zones over 15 km 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 5,650 m, completed in November, returned impressive results including 25.42 m of 5.51 per cent Cu, including 9.78 m of 8.31 per cent Cu and 1.00 m of 12.70 per cent Cu from hole GB-23-12.
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