Benton Resources Inc. Stakes Strategic Land at Great Burnt and Provides Exploration Update
Thunder Bay, August 21, 2024 - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has acquired by staking, a 100% interest in 8 claim units covering the southern favourable geological extension located approximately 1.2 km to the south of the Great Burnt Copper Deposit. Recent mapping and prospecting have identified multiple quartz stockwork and veins containing galena, sphalerite and chalcopyrite near a previously identified government showing. Assays are pending for this new sampling.
The Company has also received new results from channel sampling at the South Pond deposit. These results include 3.78 g/t Gold (Au), 0.68 % Copper (Cu) and 4.10 g/t Silver (Ag) over 5.10 m including 9.91 g/t Au, 1.60% Cu and 5.50 g/t Ag with multiple other samples grading over 1 g/t Au and 1% Cu from various samples across other trenches (See Channel Table below).
Trench | Length (m) | Ag (g/t) | Au (g/t) | Cu (%) | Cu Eq | |||
Malachite | 5.10 | 4.10 | 3.79 | 0.68 | 3.11 | |||
incl | 2.80 | 6.39 | 5.85 | 0.91 | 4.66 | |||
incl | 1.00 | 5.50 | 9.91 | 1.60 | 7.91 | |||
#1 West | 3.00 | 6.20 | 1.75 | 1.82 | 2.98 | |||
incl | 1.00 | 8.50 | 3.20 | 2.10 | 4.19 | |||
#1 West | 1.70 | 1.69 | 0.35 | 0.68 | 0.91 | |||
incl | 0.70 | 4.10 | 0.77 | 1.48 | 2.00 | |||
NSZ | 0.70 | 3.40 | 0.07 | 1.38 | 1.45 | |||
NSZ | 1.50 | 2.10 | 0.07 | 0.92 | 0.98 | |||
incl | 0.50 | 2.90 | 0.07 | 1.20 | 1.27 | |||
NSZ | 2.00 | 1.75 | 0.04 | 0.76 | 0.80 | |||
incl | 1.00 | 2.40 | 0.06 | 1.05 | 1.11 | |||
NSZ | 4.00 | 0.50 | 0.03 | 0.44 | 0.46 | |||
incl | 1.00 | 1.60 | 0.06 | 1.08 | 1.13 | |||
Note: Cu Eq calculated from Metal Equivalent Calculator @ www.metalequivalent.com |
Diamond drilling will resume this week, and the Company is planning a deeper drilling program at the Great Burnt Deposit, extending 200 m down plunge to south in hopes of expanding the deposit beyond the successful expansion in Phase 3. Drilling is also planned at the South Pond deposit through to the South Pond B deposit where a recent ground magnetics survey has detailed numerous high priority targets. The Company also expects the remaining drill results from the Great Burnt Phase 3 drilling shortly and will release them once compiled.
Highlights from this summer's exploration activities to date:
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Completed several acquisition transactions including staking to acquiring strategic land positions covering important geological units that could host new deposits
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Expanded the Great Burnt Copper Deposit down plunge to 850 m strike length
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Results pending for deep drill holes at Great Burnt, leaving the deposit wide open for expansion
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Identified several new horizons of mineralization in bedrock and boulders with grades exceeding 1 % Copper and Gold grades exceeding 5 g/t
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Identified new Copper, Gold, Nickel and Cobalt soil anomaly trends property wide
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Geological mapping and sampling of trenches and historic drill core has provided a good understanding of the mineralization for continued exploration
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Detailed ground magnetics potentially link the South Pond deposit to South Pond B deposit giving it a 2.7 km strike length
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Trenching at South Pond returns 3.78 g/t Gold and 0.66% Copper over 5.10 m, which is open ended
Recent detailed mapping and relogging of the core from historical holes shows the deposits has potentially been folded and refolded, creating a core of semi massive-massive sulphides containing mainly magnetic Pyrrhotite with lesser amounts of Chalcopyrite and Pyrite, which seemingly host the gold mineralization over a possible strike length of at least 2.7 km. Historically, most of the holes were potentially drilled above or below this core of mineralization. Some drill holes did cut the center of the core returning very significant results such as 1.69 g/t gold over 51.0 m in SP 21-01.
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 alysed 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: sstares@bentonresources.ca
Nick Konkin, Investor Relations
Phone: 647-249-9298 ext. 322
Email: nick@grovecorp.ca
Website: www.bentonresources.ca
Twitter: @BentonResources
Facebook: @BentonResourcesBEX
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