05:47:01 EST Sun 07 Dec 2025
Enter Symbol
or Name
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Benton Resources Inc
Symbol BEX
Shares Issued 206,631,643
Close 2025-10-08 C$ 0.085
Market Cap C$ 17,563,690
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Benton samples up to 31.35 g/t Au at Great Burnt

2025-10-08 17:38 ET - News Release

Mr. Stephen Stares reports

BENTON CONTINUES TO DELIVER HIGH-GRADE GOLD RESULTS AT GREAT BURNT, INCLUDING 31.35 G/T FROM NEW SURFACE SAMPLING

Benton Resources Inc. has received the high-grade gold results up to 31.35 g/t (grams per tonne) from surface prospecting, located just a few hundred metres northwest from the Great Burnt copper deposit (see the attached table). This new mineralization may represent the northern extension of the previously announced NGB target (see news release dated Sept. 10, 2025), where drill hole GB-25-63 intersected 5.46 g/t gold and 0.35 per cent copper over 2.75 metres (m), and 2.16 g/t gold and 1.09 per cent copper over 3.00 m, and hole GB-25-59 returned 2.15 g/t gold and 1.09 per cent copper over 3.00 m, located 50 m to the south. Bedrock sampling returned additional results of 31.35, 4.57, 2.56 and 1.19 g/t. Drilling intersections and surface sampling now define a minimum defined strike length of over 280 m of this new zone and remains open. It is important to note that most of the historical holes were not assayed for gold.

Limited exposure more than 200 m north-northwest of GB-25-63 describes the zone as a silicified mafic volcanic, containing breccia and fractured-filled pyrrhotite and chalcopyrite mineralization up to five m in width. This area has seen very little historical exploration and remains wide open to the north. Multiple samples collected from the trend returned assays above 1.0 g/t gold. The company is planning immediate follow-up work, including further prospecting to the north, soil sampling and trenching.

Benton continues to identify new high-priority drill targets on the project and will aim to test several of these targets in the current drill campaign. Drilling also continues in the South Pond area, with the goal of connecting more than 2.7 kilometres (km) of gold mineralization, which is open to the north and south. The drill core for all holes is currently being logged, cut and sampled, and will immediately be sent to Eastern Analytical for gold and ICP (inductively coupled plasma) base metal assays. Results will be released as soon as received and compiled.

In addition, the company has decided to limit its current financing to a maximum of $2.0-million and further to its Sept. 17, 2025, Sept. 23, 2025, and Sept. 29, 2025, news releases, the company is pleased to announce that it has filed documents with the TSX Venture Exchange, seeking final approval to close its 5.5-cent unit private placement financing for aggregate gross proceeds of $1,980,011. In this second and final tranche close, the company will issue 2,627,272 units, each unit consisting of one common share of the company and one common share purchase warrant, with each warrant entitling the holder to acquire an additional common share of the company at 10 cents for a period of five years from the date of issue, for a total of 36,000,182 units. The company will use the proceeds from the private placement to advance its Newfoundland projects and for general working capital purposes. The financing is subject to final TSX Venture Exchange approval and all securities issued pursuant to the financing are subject to a four-month hold from the date of issue.

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.

QA/QC (quality assurance/quality control) 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 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 (gold) (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 Analytical's atomic absorption method, using 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. Grab samples are selective in nature and may not represent the average mineralization of a bedrock exposure.

About Benton Resources Inc.

Benton Resources 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 copper (Cu) indicated and 482,000 tonnes 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 (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. Phase 1 phase 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. Drilling at the South Pond gold zone, approximately 7.5 km north of the Great Burnt copper-gold zone, has confirmed a robust gold-mineralized system over 2.5 km, with results of 74.20 m of 1.43 g/t Au and 43.75 m of 1.62 g/t Au, and is open for expansion in all directions.

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