Benton Expands The Great Burnt Copper Deposit Down Plunge Through Recent Drilling Results from Phase 3 Exploration
Benton Expands The Great Burnt Copper
Deposit Down Plunge Through Recent Drilling
Results from Phase 3 Exploration
Thunder Bay, Ontario--(Newsfile Corp. - August 27, 2024) - Benton Resources Inc. (TSXV: BEX)
("Benton" or the "Company") is pleased to announce that it 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 meters of 1.72 % Cu and 5.55 g/t Ag
over 12.30 m with higher grades up to 6.12% Cu and 11.30 g/t Ag over 1.00 m in drill hole GB-24-41
(See Figure 1). 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 CEO, 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."
Figure 1 - Great Burnt Copper Deposit Generalized Longitudinal Sections
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3657/221208_68850f8534cb08f0_002full.jpg
At South Pond, the Company has planned 12 holes to date, with many more to be proposed along the
2.7 km 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.
Table 1: Results from the drilling for Phase 3 of drilling are shown below:
DDH #
From (m)
To (m)
Length (m
Cu (%)
Cu Eq (%
Ag (g/t)
Co (%)
Zn (%)
Au (g/t)
GB-24-38
344.40
349.40
5.00
1.68
2.07
3.94
0.01
0.68
0.05
incl
345.40
349.40
4.00
2.10
2.58
4.93
0.01
0.84
0.06
incl
345.40
348.40
3.00
2.76
3.41
6.57
0.02
1.10
0.08
incl
345.40
346.40
1.00
3.26
4.29
8.60
0.04
1.68
0.16
GB-24-39
320.90
332.40
11.50
1.10
1.46
1.86
0.01
0.65
0.05
incl
328.50
330.40
1.90
4.06
5.03
6.32
0.02
1.72
0.16
incl
328.50
329.50
1.00
5.70
6.74
12.00
0.04
1.60
0.18
GB-24-40
293.00
297.40
4.40
1.09
1.15
0.72
0.01
0.02
0.02
incl
294.70
295.25
0.55
3.18
3.28
2.60
0.02
0.05
0.02
and
328.87
334.57
5.70
2.34
3.23
5.14
0.02
1.61
0.12
incl
329.54
333.13
3.59
3.47
4.76
6.71
0.03
2.34
0.18
incl
330.13
331.13
1.00
4.52
5.92
11.60
0.03
2.45
0.21
GB-24-41
265.78
299.50
33.72
0.65
0.75
1.07
0.01
0.11
0.02
incl
281.50
288.50
7.00
1.42
1.52
2.60
0.01
0.08
0.03
incl
285.30
287.20
1.90
4.10
4.30
7.65
0.01
0.17
0.05
incl
286.20
287.20
1.00
6.12
6.39
11.30
0.01
0.27
0.05
GB-24-43
301.14
305.87
4.73
0.69
0.80
0.87
0.01
0.03
0.09
incl
301.14
303.14
2.00
1.24
1.41
1.55
0.01
0.04
0.18
and
366.20
375.10
8.90
0.46
1.01
1.76
0.01
1.08
0.05
incl
369.90
375.10
5.20
0.69
1.60
2.92
0.01
1.83
0.07
incl
372.90
374.10
1.20
1.15
1.37
3.00
0.01
0.33
0.03
GB-24-44
292.70
300.70
8.00
0.40
0.50
0.98
0.01
0.09
0.03
incl
296.70
298.70
2.00
1.40
1.64
3.90
0.01
0.30
0.08
GB-24-45
332.00
354.80
22.80
1.23
1.58
3.90
0.02
0.46
0.09
incl
341.50
353.80
12.30
1.72
2.23
5.55
0.02
0.74
0.12
incl
350.30
353.80
3.50
2.15
2.46
6.42
0.01
0.38
0.09
and
341.50
345.30
3.80
2.21
3.09
7.06
0.02
1.47
0.18
GB-24-47
276.02
278.42
2.40
0.72
0.92
1.23
0.01
0.25
0.08
incl
276.52
277.52
1.00
1.32
1.70
2.40
0.02
0.54
0.10
Note: Cu Eq calculated from Metal Equivalent Calculator @
www.metalequivalent.com
QA/QC Protocols
Core and rock samples, including standards, blanks and duplicates, are submitted to Eastern Analytical
Ltd., Springdale, Newfoundland 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) @ 30g + ICP-34 method that delivers a 34-element package utilizing a
200 mg subsample totally dissolved in four acids and analyzed by ICP-OES analytical technique.
Overlimits are analysed 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 (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. 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,
BEX 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 @ 3.21% Cu Indicated and
482,000 @ 2.35% Cu Inferred. The Project has an excellent geological setting covering 25km of strike
and boasts six known Cu-Au-Ag zones over 15km 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% Cu,
including 9.78 m of 8.31% Cu, and 1.00 m of 12.70% Cu.
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:
Nick Konkin, Investor Relations
Phone
: 647-249-9298 ext. 322
:
Website:
www.bentonresources.ca
Twitter:
@BentonResources
Facebook:
@BentonResourcesBEX
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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
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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,
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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
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forward-looking statements. These forward-looking statements are made as of the date hereof and the
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