Benton Acquires Highly Strategic Land Position Around the South Pond Deposits in the Northern Portion of the Great Burnt Copper-Gold Project and Continues to Intersect Copper-Rich Massive Sulphides in Drilling
Benton Acquires Highly Strategic Land
Position Around the South Pond Deposits in
the Northern Portion of the Great Burnt
Copper-Gold Project and Continues to
Intersect Copper-Rich Massive Sulphides in
Drilling
Thunder Bay, Ontario--(Newsfile Corp. - October 30, 2023) - Benton Resources Inc. (TSXV:
BEX) ("Benton" or the "Company") is pleased to announce that it has entered into an option agreement
to acquire a 100% interest in a strategic mineral license (the "Property") encompassing 27 claim units
that surrounds the Northern portion of Benton's recently acquired Great Burnt Copper-Gold Project. The
Property was optioned from Stephen Stockley Agriculture and Fabrication Inc. ("SSAF") and surrounds
the South Pond, South Pond A and South Pond B deposits. The SSAF ground also hosts strong
untested Electro Magnetic (EM) anomalies that sit on the flank of a magnetic high, indicative of a system
that could host Volcanic Massive Sulphides (VMS) or Copper - Nickel Magmatic Sulphides. See
attached map.
Benton is excited to add this strategic land position as it continues with its drilling effort 14km to the
south on the Great Burnt Main deposit. Benton has now completed 2,236m of drilling in 9 holes with all
holes intersecting semi-massive and massive sulphides containing significant chalcopyrite (copper)
mineralization. The Company's priority is expansion of the Great Burnt high-grade core in the Main
Deposit which has been extremely successful to date.
Hole GB-23-01
through
GB-23-09
were
completed over a 295m strike length.
Hole GB-23-01
was an infill hole to test the zone 12m updip from
GB-18-05 and 20m downdip from GB-20-20 and intersected a combined 12.30m of semi-
massive/massive sulphides in 4 separate zones (from 69.05 to 72.30m, 82.75 to 87.10m, 90.00 to
94.05m and 95.05 to 95.70m).
GB-23-02
intersected the zone 20m updip from GB-20-05 which cut
12.91m of semi-massive/massive sulphides between 162.89 to 175.80m.
GB-23-03
intersected the
zone 30m updip from GB-20-05 and cut a combined 1.3m of semi-massive/massive sulphides from
154.80 to 155.50m
and158.00 to 158.60m.
GB-23-04
intersected the zone 12m south of historical drill
hole GB-86 and cut a combined total of 16.6m of semi-massive/massive sulphides from 186.60 to
193.20m and 200.00 to 210.00m.
GB-23-05,
drilled from this same set-up, intersected the zone 15m up-
dip and cut a total of 2.6m of semi-massive/massive sulphides from
186.73 to 189.28m. GB-23-06
and
GB-23-07
were collared a further 40m south of GB-23-04 and 05
and both cut semi-massive/massive
sulphides from 196.72 to 203.46 (GB-23-06), 202.07 to 206.35 and 220.39 to 231.54m (GB-23-07).
GB-23-08
and
GB-23-09
were collared 25m south of GB-23-06 and 07 and both holes intersected the
down plunge extension of the semi-massive/massive sulphides. The Company has included photos of
the various sulphide intercepts below.
Stephen Stares, President and CEO of the Company commented, "The Great Burnt project continues to
deliver exceptional drill intercepts and I'm very excited about the overall potential of this large copper-
gold system. We are also excited about the prospects of the new SSAF option, contiguous with the main
project claim package, and we are delighted to work with the SSAF team in the mining-friendly province
of Newfoundland."
"We are pleased to partner with Benton, a reputable company with strong ties to Central Newfoundland,
on this promising copper-gold project. The SSAF property complements Benton's claim package and
offers significant exploration potential. This partnership aligns with our strategy of developing quality
assets and building long-term collaborations. We are impressed by the drill results announced today and
look forward to exploring more opportunities with Benton in the future," said Angie Stockley, Chief
Commercial Officer of SSAF Inc., President of the NL Minerals Collective.
Figure 1
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Figure 2
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GB-23-04
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GB-23-06
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GB-23-09
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Great Burnt Copper-Gold Project
The
Great Burnt Main Zone
has an NI 43-101 compliant resource prepared in 2022 for Spruce Ridge
Resources Ltd. by P&E Mining Consultants Inc. of 667,000 Tonnes (47.2 Mlb) Cu at 3.21% (indicated)
and 482,000 Tonnes (25.0 Mlb) Cu at 2.35% (inferred), contained within mining lease 211(10210M).
The Copper resource remains open to the south and at depth. Highlights of the drill programs to date
include:
GB20-05: 27.20 m of 8.06% Cu, including 7.75 m of 16.88% Cu
GB20-20: 22.75 m of 6.89% Cu, including 12.55 m of 10.59% Cu
GB18-05: 20.94 m of 6.21% Cu, including 6.98 m of 10.71% Cu
GB18-06: 9.97 m of 7.45% Cu, including 5.03 m of 11.42% Cu
GB16-08: 7.50 m of 9.45% Cu, including 3.00 m of 19.30% Cu
GB16-09: 5.75 m of 6.68% Cu, including 1.50 m of 11.70% Cu
Exploration at the
South Pond Zone
has identified potential for both copper and gold along several
kilometers of strike.
Highlights of the 2021 drill program include:
SP21-01: 1.69g/t Au over 51.00 m, including 3.19g/t Au over 11.00 m, within 10 m of
surface
SP21-03: 2.36g/t Au over 15.00 m, including 11.33g/t Au over 1.00 m
SP21-08: 1.75g/t Au over 21.20 m, including 2.82g/t Au over 10.20 m
SP21-11: 1.34g/t Au over 17.60 m, including 2.48g/t Au over 4.20 m
SP21-14: 2.06g/t Au over 21.00 m
SP21-16: 1.72g/t Au over 10.00 m
Note: Widths quoted are true core length, true widths are estimated at approximately 70% of core lengths
QP
Stephen House (P.Geo.), Vice President of Exploration for Benton Resources Inc., the 'Qualified Person'
under National Instrument 43-101, has approved the scientific and technical disclosure in this news
release and prepared or supervised it's 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 also a 50/50 partner in a strategic alliance with Sokoman Minerals Corp. through three large-
scale joint-venture properties, including Grey River Gold, and Kepenkeck in Newfoundland.
On behalf of the Board of Directors of Benton Resources Inc.,
"Stephen Stares"
Stephen Stares, President
Parties interested in seeking more information about properties available for option can contact Mr.
Stares at the number below.
For further information, please contact:
Stephen Stares, President & CEO
Phone:
807-475-7474
Email:
Website:
www.bentonresources.ca
Twitter:
@BentonResources
Facebook:
@BentonResourcesBEX
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risks related to environmental regulation and liability; the potential for delays in exploration or
development activities or the completion of feasibility studies; the uncertainty of profitability; risks and
uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral
deposits; risks related to the inherent uncertainty of production and cost estimates and the potential
for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility
that future exploration, development or mining results will not be consistent with the Company's
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