18:27:26 EDT Wed 09 Oct 2024
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Benton Resources Inc
Symbol BEX
Shares Issued 189,137,121
Close 2024-08-27 C$ 0.09
Market Cap C$ 17,022,341
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Benton drills 12.3 m of 1.72% Cu at Great Burnt

2024-08-27 17:51 ET - News Release

Mr. Stephen Stares reports

BENTON EXPANDS THE GREAT BURNT COPPER DEPOSIT DOWN PLUNGE THROUGH RECENT DRILLING RESULTS FROM PHASE 3 EXPLORATION

Benton Resources Inc. has received results from the phase three drill program (see Table 1) at the Great Burnt project in Newfoundland. These latest results continue to show that the Great Burnt deposit is continuous down plunge and along strike to the south, adding substantially to the deposit at depth. Drill hole GB-24-45 cut 12.30 metres of 1.72 per cent Cu (copper) and 5.55 g/t (grams per tonne) Ag (silver) over 12.30 m with higher grades up to 6.12 per cent Cu and 11.30 g/t Ag over 1.00 m in drill hole GB-24-41. The company has recently started its phase four drill program, with the first hole collared and in-progress a further 200 m along strike to the south. This hole is targeting the deposit at approximately 450 m below surface.

Company president and chief executive officer Stephen Stares stated: "The recent set of phase 3 results received at Great Burnt are in line with most viable VMS deposits around the globe and are very substantial as we continue to expand the VMS system. Due to the nature of prior phases of results at the Great Burnt deposit, we are hopeful to intersect higher grades, as we continue to expand the deposit at depth and along strike, both of which remain completely open."

At South Pond, the company has planned 12 holes to date, with many more to be proposed along the 2.7-kilometre trend. This drilling will commence after the deep drilling is completed at Great Burnt.

In addition, and for the interest of shareholders, the company would like to illustrate the total potential value using Cu equivalent which is adopted by many peers in the industry. The company has assembled a table with Cu and Cu equivalents to show the comparison from highlights of all holes drilled in phase 3.

QA/QC protocols

Core and rock samples, including standards, blanks and duplicates, are submitted to Eastern Analytical Ltd., Springdale, Nfld., for preparation and analysis. All samples were acquired by saw cut (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 plus ICP-34 method that delivers a 34-element package utilizing a 200-milligram subsample totally dissolved in four acids and analyzed by ICP-OES 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 Ltd. achieved ISO 17025 accreditation in February, 2014 (for more details on the scope of accreditation visit the CALA website).

QP

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-V 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 Great Burnt copper-gold project in central Newfoundland, which has a mineral resource estimate of 667,000 tonnes at 3.21 per cent copper indicated and 482,000 tonnes at 2.35 per cent copper inferred. The project has an excellent geological setting covering 25 kilometres of strike and boasts six known copper/gold/silver zones over 15 kilometres that are all open for expansion. Further potential for discovery is excellent given the extensive number of untested geophysical targets and copper/gold soil anomalies. Phase 1 and phase 2 drill programs returned impressive results, including 25.42 metres of 5.51 per cent copper, including 9.78 metres of 8.31 per cent copper, and 1.00 metre of 12.70 per cent copper.

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