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Benton Resources Inc
Symbol BEX
Shares Issued 189,137,121
Close 2024-08-21 C$ 0.095
Market Cap C$ 17,968,026
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Benton acquires eight claim units at Great Burnt

2024-08-21 17:07 ET - News Release

Mr. Stephen Stares reports

BENTON STAKES STRATEGIC LAND AT GREAT BURNT AND PROVIDES EXPLORATION UPDATE - CHANNEL SAMPLE ASSAYS 3.79 G/T GOLD, 0.68% COPPER & 4.10 G/T SILVER OVER 5.10 M AT SOUTH POND

Benton Resources Inc. has acquired by staking a 100-per-cent interest in eight claim units covering the southern favourable geological extension located approximately 1.2 kilometres (km) to the south of the Great Burnt copper deposit. Recent mapping and prospecting have identified multiple quartz stockwork and veins containing galena, sphalerite and chalcopyrite near a previously identified government showing. Assays are pending for this new sampling.

The company has also received new results from channel sampling at the South Pond deposit. These results include 3.78 grams per tonne (g/t) gold (Au), 0.68 per cent copper (Cu) and 4.10 g/t silver (Ag) over 5.10 metres (m), including 9.91 g/t Au, 1.60 per cent Cu and 5.50 g/t Ag, with multiple other samples grading over one g/t Au and 1 per cent Cu from various samples across other trenches (see the attached table).

Diamond drilling will resume this week and the company is planning a deeper drilling program at the Great Burnt deposit, extending 200 m downplunge to south in hopes of expanding the deposit beyond the successful expansion in phase 3. Drilling is also planned at the South Pond deposit through to the South Pond B deposit, where a recent ground magnetics survey has detailed numerous high-priority targets. The company also expects the remaining drill results from the Great Burnt phase 3 drilling shortly and will release them once compiled.

Highlights from the exploration activities this summer to date:

  • Completed several acquisition transactions, including staking to acquiring strategic land positions covering important geological units that could host new deposits;
  • Expanded the Great Burnt copper deposit downplunge to 850 m strike length;
  • Results pending for deep drill holes at Great Burnt, leaving the deposit wide open for expansion;
  • Identified several new horizons of mineralization in bedrock and boulders with grades exceeding 1 per cent copper and gold grades exceeding five g/t;
  • Identified new copper, gold, nickel and cobalt soil anomaly trends property wide;
  • Geological mapping and sampling of trenches and historic drill core have provided a good understanding of the mineralization for continued exploration;
  • Detailed ground magnetics potentially link the South Pond deposit to South Pond B deposit giving it a 2.7 km strike length;
  • Trenching at South Pond returns 3.78 g/t gold and 0.66 per cent copper over 5.10 m, which is open ended.

Recent detailed mapping and relogging of the core from historical holes show the deposits has potentially been folded and refolded, creating a core of semi-massive to massive sulphides containing mainly magnetic pyrrhotite with lesser amounts of chalcopyrite and pyrite, which seemingly host the gold mineralization over a possible strike length of at least 2.7 km. Historically, most of the holes were potentially drilled above or below this core of mineralization. Some drill holes did cut the centre of the core returning very significant results, such as 1.69 g/t gold over 51.0 m in SP 21-01.

QA/QC (quality assurance/quality control) protocols

Core and rock samples, including standards, blanks and duplicates, are submitted to Eastern Analytical Ltd., in Springdale, Nfld., for preparation and analysis. All samples were acquired by sawcut (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) at 30 grams (g) plus ICP-34 method that delivers a 34-element package utilizing a 200-milligram (mg) subsample totally dissolved in four acids and analyzed by ICP-OES (inductively coupled plasma-optical emission spectroscopy) analytical technique. Overlimits are analyzed 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 achieved ISO 17025 accreditation in February, 2014.

QP (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 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, Benton 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 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 km of strike and boasts six known Cu-Au-Ag 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. Phase 1 and 2 drill programs 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.

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