Benton Receives Further High-Grade Copper Results Including 5.81% Cu over 24.00 m at Great Burnt Project in Newfoundland
Benton Receives Further High-Grade Copper
Results Including 5.81% Cu over 24.00 m at
Great Burnt Project in Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - January 30, 2024) - Benton Resources Inc. (TSXV:
BEX) ("Benton" or the "Company") is pleased to announce that it has received assays from the final five
Phase 1 drill holes from the fall drill program at the Great Burnt Copper deposit, located in south-central
Newfoundland. The last five holes (GB-23-18 to GB-23-22) were drilled in the central and upper part of
the deposit and returned exceptional results that both confirm and improve significantly on historic data.
Highlights from these infill holes include:
Hole GB-23-18 cut
4.22%
copper over
8.17m,
including
7.05%
copper over
4.17m
Hole GB-23-20 cut
3.05%
copper over
17.12m,
including
11.11%
copper over
1.85m
Hole GB-23-21 cut
5.81%
copper over
24.00m,
including
11.47%
copper over
7.00m
Hole GB-23-22 cut
3.59%
copper over
21.68m,
including
15.30%
copper over
2.00m
Benton's Phase 1 drilling at Great Burnt has been extremely successful in expanding the previously
defined limits of the deposit through expansion drilling and increasing the grade and width of the deposit
from infill and twin-hole drilling. With these latest results, the Company is extremely optimistic that the
present Mineral Resource can be significantly improved. Additional drilling is being planned and will
commence this winter.
The Company is encouraged by the results of these latest drill holes and plans to further test the deposit,
both within the current Mineral Resource area and also by expanding the deposit down plunge and along
strike during the Phase 2 program.
President and CEO Stephen Stares stated
: "This has been the most successful drill campaign in the
history of our Company, delivering exceptional grades and thicknesses. Our team is excited about the
future of this excellent project and our ability to expand the deposit. Calibre Mining Corp.'s Valentine
Gold project and New Found Gold Corp.'s Keats discovery are excellent analogs of historically
underexplored projects in Newfoundland that now host significant resources resulting from completing
the work required to expose their true size and value. We feel that the Great Burnt Project will benefit
similarly as we advance this very prospective project."
Table 1 - Phase 1 Drill Program Assay Results
DDH #
Location
From (m)
To (m)
Length (m)
Cu (%)
Ag (g/t)
Co (%)
Zn (%)
Au (g/t)
PREVIOUSLY REPORTED PHASE 1 ASSAYS
GB-02-02
Main
Deposit
161.89
174.89
13.00
8.31
4.63
0.04
0.40
0.05
incl
169.89
172.89
3.00
12.80
6.77
0.06
0.81
0.07
GB-02-04
Main
Deposit
183.13
210.00
26.87
7.18
3.32
0.03
0.22
0.05
incl
199.72
210.00
10.28
11.16
5.18
0.04
0.45
0.06
GB-02-07
Main
Deposit
220.39
232.69
12.30
7.20
7.12
0.05
0.40
0.12
incl
222.39
229.39
7.00
10.60
10.11
0.06
0.59
0.11
GB-23-12
Main
Deposit
303.08
328.50
25.42
5.51
21.82
0.03
0.94
0.37
incl
304.00
305.00
1.00
12.70
20.70
0.05
0.94
0.15
GB-23-15
Main
Deposit
129.03
151.62
22.59
5.03
2.03
0.03
0.26
0.02
incl
136.00
136.50
0.50
20.00
8.50
0.05
1.43
0.07
CURRENTLY REPORTED PHASE 1 ASSAYS
GB-23-18
Main
Deposit
150.95
159.12
8.17
4.22
1.00
0.03
0.17
0.03
incl
153.95
158.12
4.17
7.05
1.65
0.04
0.23
0.04
incl
154.95
158.12
3.17
8.38
2.04
0.04
0.34
0.05
incl
156.45
157.24
0.79
11.00
7.00
0.05
0.46
0.04
GB-23-19
Main
Deposit
151.39
162.50
11.11
0.70
0.20
0.01
0.02
0.01
incl
157.00
161.00
4.00
0.95
0.30
0.01
0.03
0.01
incl
153.00
154.00
1.00
1.79
0.40
0.01
0.03
0.08
GB-23-20
Main
Deposit
141.88
159.00
17.12
3.05
5.79
0.03
1.00
0.11
incl
144.00
158.00
14.00
3.54
6.74
0.03
1.20
0.13
incl
144.89
146.74
1.85
11.11
20.24
0.03
1.23
0.13
and
99.02
104.50
5.48
1.59
0.19
0.01
0.03
0.03
incl
100.02
103.56
3.54
2.43
0.29
0.01
0.03
0.05
incl
101.02
102.00
0.98
4.16
0.40
0.03
0.06
0.08
GB-23-21
Main
Deposit
85.00
109.00
24.00
5.81
6.22
0.03
0.91
0.07
incl
85.00
102.42
17.42
7.18
7.60
0.04
0.98
0.08
incl
92.42
102.42
10.00
9.15
10.93
0.04
1.46
0.11
incl
93.42
100.42
7.00
11.47
13.73
0.04
1.45
0.13
GB-23-22
Main
Deposit
83.00
104.68
21.68
3.59
3.55
0.02
0.36
0.04
incl
83.00
97.50
14.50
5.32
5.15
0.02
0.51
0.06
incl
85.62
96.16
10.54
7.19
6.98
0.03
0.68
0.08
incl
85.62
89.13
3.51
13.52
13.30
0.04
1.29
0.15
incl
86.67
88.67
2.00
15.30
14.95
0.04
1.47
0.18
incl
87.67
88.67
1.00
18.30
17.50
0.04
1.66
0.22
Note: Intervals reported for the Phase 1 2023 drilling are core lengths, estimated to be approximately
90-95% of true width for holes GB-23-11, 12, 13, 14, 22 and approximately 70% of true width for the
remaining holes. Intercepts do not include stringer/disseminated mineralization.
In addition to drilling, prospecting and soil geochemical sampling completed by the Company have
confirmed excellent potential to the north of the main Great Burnt deposit, where historical work has
identified at least five additional occurrences/zones. The Company will conduct further detailed
exploration in preparation for drilling these areas in the spring/summer of 2024.
Figure 1 - Great Burnt Copper Deposit Long Section
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3657/196071_427aa3c0142ad9e8_003full.jpg
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 analysed
using Eastern's Au (Fire assay) @ 30g + ICP-34 method that delivers a 35-element package utilizing a
200mg subsample totally dissolved in four acids and analysed by ICP-OES analytical technique.
Overlimits are analysed with Eastern's atomic absorption method, using a 0.200g to 2.00g 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 either prepared it 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 highly prospective
multi-mineral property portfolio. In addition, it holds large equity positions in other mining companies that
are advancing high-quality assets, and 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 442,000 tonnes @ 2.50% Cu Indicated and
829,000 @ 2.11% Cu Inferred. 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. Preparation for 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: [email protected]
Grove Corporate Services
Iryna Zheliasko, Manager - IR & Corporate Communications
Phone: 647-249-9298 x 322
Email: [email protected]
Website: www.bentonresources.ca
Twitter: @BentonResources
Facebook: @BentonResourcesBEX
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RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forw ard-looking statements" w ithin the meaning of
applicable securities legislation. Forw ard-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 "forw ard-looking statements."
Forw ard-looking statements are subject to a variety of risks and uncertainties w hich could cause
actual events or results to differ from those reflected in the forw ard-looking statements, including,
w ithout 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 w ith 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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