Mining
Wednesday, December 13th, 2023 6:24 pm EDT
Key Points
- Excellent Assay Results at Great Burnt Copper Deposit: Benton Resources Inc. has reported additional excellent assay results from its recently completed drill program at the Great Burnt Copper deposit in south-central Newfoundland. The company expanded the deposit significantly up dip and along strike with the latest three drill holes, GB-23-09, 10, and 11. Notable highlights include GB-23-10, which intersected a wide interval of stringer, disseminated, semi-massive, and massive sulphides grading 2.38% Cu over 24.17m.
- Expansion of High-Grade System: The results from the Phase 1 drill program demonstrate a significant expansion of the high-grade system at Great Burnt. The deposit remains open up dip, down plunge, and along strike. Other drill holes, GB-23-09 and 11, also yielded impressive results, with GB-23-09 intersecting 3.46% Cu over 8.16m, and GB-23-11 grading 1.88% Cu over 15.71m.
- Winter Exploration Program and Company Outlook: President and CEO Stephen Stares expressed satisfaction with the results and highlighted the potential for further expansion of the robust system at Great Burnt. The company is preparing for a winter exploration program designed to further expand the deposit, indicating optimism about the project’s prospects.
Thunder Bay, Ontario–(Newsfile Corp. – December 13, 2023) – Benton Resources Inc. (TSXV: BEX) (“Benton” or the “Company”) is pleased to announce that it has received additional excellent assay results from its recently completed drill program at the Great Burnt Copper deposit in south-central Newfoundland. The Company has significantly expanded the deposit up dip and along strike with the latest three drill holes, GB-23-09, 10 and 11. Highlights of these holes include GB-23-10, which intersected a wide interval of stringer, disseminated, semi-massive and massive sulphides grading 2.38% Cu over 24.17m, including 3.07% Cu over 18.18m, including 4.00% Cu over 7.57m, including 8.23% Cu over 1.00m.
The Company continues to be impressed with the success of its inaugural Phase 1 drill program. These results demonstrate significant expansion of this high-grade system where it remains open up dip, down plunge and along strike. Holes GB-23-09 and 11 also yielded very impressive results with GB-23-09 intersecting 3.46% Cu over 8.16m, including 4.58% Cu over 6.16m, including 6.75% Cu over 4.00m, including 9.59% Cu over 1.00m and GB-23-11 grading 1.88% Cu over 15.71m, including 2.31% Cu over 12.71m, including 4.02% Cu over 3.00m.
President and CEO Stephen Stares states, “These latest results continue to demonstrate the potential for significant expansion of the robust system at Great Burnt. We are looking forward to further assay results as we prepare for our winter exploration program designed to expand the deposit.”
Figure 1
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GB-23-01 through GB-23-22 are summarized in the table below:
Note: Intervals reported for the 2023 drilling are core lengths, estimated to be approximately 95% of true width for holes GB-23-11, 12, 13, 14 and approximately 70% of true width for the remaining holes.
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 35-element package utilizing a 200mg subsample totally dissolved in four acids and analyzed by ICP-OES analytical technique. Overlimits are analysed with Eastern’s atomic absorption method, using a 0.200g 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 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.
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: sstares@bentonresources.ca
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.
