Benton Receives Exploration Permits for Great Burnt Copper-Gold Project and Initiates First Phase Drill Program
Benton Receives Exploration Permits for Great
Burnt Copper-Gold Project and Initiates First
Phase Drill Program
Thunder Bay, Ontario--(Newsfile Corp. - October 3, 2023) - Benton Resources Inc. (TSXV: BEX)
("Benton" or the "Company") is pleased to announce that it is in receipt of all requisite permits for
exploration on the Great Burnt Copper-Gold project which was recently optioned from Spruce Ridge
Resources Ltd. ("Spruce") (see news release dated August 16, 2023). The permits received cover
prospecting, geophysics, trenching, geochemical sampling, and diamond drilling. The Company is also
pleased to announce that it has initiated the mobilization of an aggressive exploration program this fall
and that a ten-person camp is nearly complete.
It is anticipated that prospecting, mapping, and diamond
drilling could start as early as Friday October 6, 2023. The Company plans to conduct a minimum
3,000m of drilling in this first phase of work which will target infill and expansion of the Great Burnt Main
Zone and South Pond deposits, along with testing various new targets identified by the current and
ongoing compilation of historical data. Highlights from drilling conducted by Spruce is summarized
below.
Great Burnt Copper-Gold Project
The
Great Burnt Main Zone
has an NI 43-101 compliant resource prepared in 2022 for Spruce 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 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 also a 50/50 partner in a strategic alliance with Sokoman Minerals Corp. through three large-
scale joint-venture properties, including Grey River Gold, Golden Hope, 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
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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