Benton Commences Phase 2 Drilling at the Great Burnt Copper-Gold Project and Considers Options for the High-Grade Uranium Discovery at Kepenkeck Joint Venture
Benton Commences Phase 2 Drilling at the
Great Burnt Copper-Gold Project and
Considers Options for the High-Grade Uranium
Discovery at Kepenkeck Joint Venture
Thunder Bay, Ontario--(Newsfile Corp. - February 21, 2024) - Benton Resources Inc. (TSXV: BEX)
("Benton" or the "Company") is pleased to announce that it has commenced its Phase 2 diamond drilling
program at Great Burnt Project, with drill pad preparation underway for testing the down dip and down
plunge extensions of GB-23-12 which cut 25.42m grading 5.51% Cu (see news release dated January
3, 2024). The Company plans to complete a minimum of 3,000 m of drilling in this program, which will
target expansion and infill of the Great Burnt Main deposit. Results will be released as they are received
and compiled by the Company.
In addition, given the current uranium price as well as the market interest in uranium, the Company and
its joint venture partner Sokoman Minerals Corp. (together, the "Alliance") are exploring the excellent
uranium potential at its Kepenkeck Project. While exploring for gold in 2022, the Alliance discovered
high-grade uranium where 5 samples were collected from a radioactive area of black topsoil and sandy
till returned significant uranium values grading between 0.06% to 1.86% U308. The area sits in
favourable geology along the projected contact of a hot radioactive granite and sedimentary unit that
could host a high-grade roll-front and/or low-grade granite-type uranium deposit. The Alliance is
considering its options for advancing the discovery, including optioning or selling the project. Interested
parties should contact Benton or Sokoman's management team for further information.
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 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 @ 3.21% Cu Indicated and
482,000 @ 2.35% Cu Inferred (P&E Mining Consultants, 2022). 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. The Phase 1 drill program consisting of over 5,650
metres has just been wrapped and results include 25.42 m of 5.51% Cu, including 9.78 m of 8.31% Cu,
and 1.00 m of 12.70% Cu from hole GB-23-12.
Phase 2 drilling is underway.
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:
807-474-9020
Email:
Iryna Zheliasko, Investor Relations
Phone
:
647-249-9298 ext. 322
:
Website:
www.bentonresources.ca
Twitter:
@BentonResources
Facebook:
@BentonResourcesBEX
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of
applicable securities legislation. Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and estimates of amounts not yet
determinable. Any statements that express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not statements of historical fact and may
be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause
actual events or results to differ from those reflected in the forward-looking statements, including,
without limitation: risks related to failure to obtain adequate financing on a timely basis and on
acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks
associated with mining and exploration; risks related to the maintenance of stock exchange listings;
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
expectations; risks related to gold price and other commodity price fluctuations; and other risks and
uncertainties related to the Company's prospects, properties and business detailed elsewhere in the
Company's disclosure record. Should one or more of these risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those
described in forward-looking statements. Investors are cautioned against attributing undue certainty to
forward-looking statements. These forward-looking statements are made as of the date hereof and the
Company does not assume any obligation to update or revise them to reflect new events or
circumstances. Actual events or results could differ materially from the Company's expectations or
projections.
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https://www.newsfilecorp.com/release/198633