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Benton Resources Inc. reports mineral exploration developments across a diversified property portfolio, with recurring updates on copper, gold, platinum, palladium, lithium and natural hydrogen prospects. Company news frequently centers on Newfoundland exploration, including the Great Burnt property, the South Pond gold-copper deposit and the Great Burnt copper deposit, as well as drilling results, geophysical targets, metallurgical testing and joint-venture interests.
Benton updates also cover newly staked project areas, technical oversight under Canadian mining disclosure standards, equity interests in other mining companies, retained net smelter return royalties, conference participation, advisor appointments and other governance or capital-structure matters tied to its exploration business.
Benton Resources (BNTRF/BEX) and Metals Creek (MEK/MCREF) received TSX Venture Exchange approval for their joint acquisition from G2B Gold of interests in two mineral licences totaling 50 claim units in Newfoundland.
The Deer Lake Basin (20 units) and Parsons Pond (30 units) properties will be owned 50% by each company and are subject to a 2% net smelter royalty (NSR) in favour of G2B. Consideration consists of 120,000 common shares of Metals Creek and 82,500 common shares of Benton, plus the NSR, with a right for the companies to buy back 1% of the NSR at any time for $1 million.
Separately, Benton acquired a 100% interest in mineral licence 040650M (2 claim units) by issuing 17,500 Benton shares to G2B, also subject to a 2% NSR with a 1% buyback right for $1 million. This licence ties directly onto Benton's Dominion Copper-Gold-Zinc project in central Newfoundland.
Benton Resources (BNTRF) reports high-grade gold channel sample assays up to 30.53 g/t Au from the Rickirb gold zone at its Dominion project in Newfoundland.
Three trenches over an intermittent strike length of more than 210 m, which remains open to the northeast and southwest, all returned significant gold values. Trench #1 highlights include 11.2 m grading 1.80 g/t Au, including 3.0 m at 6.36 g/t Au and 1.0 m at 10.58 g/t Au, plus 2.0 m at 8.00 g/t Au with 0.5 m at 30.53 g/t Au. Trench #2 returned 3.7 m at 4.20 g/t Au, including 0.9 m at 15.29 g/t Au. Trench #3 includes 5.7 m at 1.85 g/t Au and 5.7 m at 0.67 g/t Au in separate lines, with shorter higher-grade intervals.
The company has completed 12 trenches with more than 200 channel and grab samples collected, and states that Rickirb is now a 210 m long exposed, drill-ready gold system.
Benton Resources (BNTRF) and Metals Creek reported preliminary soil gas survey results identifying anomalous hydrogen and helium concentrations at the Smoking Gun and Parson's Pond projects in western Newfoundland.
The program collected 710 samples over about two weeks, analyzing hydrogen, helium, neon, CO2 and C1–C4 hydrocarbons. At Smoking Gun, two broad anomalies returned hydrogen values up to 600 ppm and helium up to 7.7 ppm within a geological setting described as favourable for gas generation and entrapment. At Parson's Pond, two hydrogen anomalies reached up to 900 ppm, with overall higher hydrogen but lower helium than Smoking Gun. Management views these early‑stage results as encouraging indications of potential subsurface hydrogen and, at Smoking Gun, helium, though further work is required.
Benton Resources (BNTRF) and Metals Creek Resources (MEK) have acquired an additional 262 claim units by staking, expanding the Smoking Gun Hydrogen/Helium Project in the Deer Lake Basin in Western Newfoundland.
The companies recently completed two regional soil gas programs at Parson's Pond and Smoking Gun and are awaiting final analytical results. Hydrogen and helium drill targets will be defined and an inaugural drill program planned after compiling these data. Both Parson's Pond and Deer Lake basins are interpreted as prospective for hydrogen and helium, although the companies caution that the presence of gas or nearby discoveries does not guarantee hydrogen or helium, and further studies are required.
Benton Resources (OTC: BNTRF, TSXV: BEX) reports progress at its Dominion Project, where multiple trenches have exposed the Rickirb gold zone over an intermittent 210 m strike length, open to the northeast and southwest. The altered quartz-feldspar porphyry zone averages 5–12 m in width with 2–10% pyrite, and more than 150 channel samples have been collected and submitted for gold/ICP analysis, with results pending.
At Dominion, current targets include the Bear #3 gold zone with grab samples up to 10.8 g/t Au, the Rickirb zone with grab samples up to 6.41 g/t Au, and the Trinity base metal zone with samples up to 14.6% Zn, 1.31% Pb, 2.53% Cu and 68.7 g/t Ag. Benton also outlines multiple additional zinc‑silver‑gold occurrences across the project.
At the Stoney Caldera Copper-Gold Project, Benton has identified the new Reid gold zone, where ten grab samples from sub‑crop and angular boulders along a 600 m trend returned anomalous gold from 82 ppb to 2.01 g/t, with half exceeding 0.5 g/t. Follow‑up geophysics, soil geochemistry, prospecting and trenching are planned. The company adds that the planned spinout of its high‑grade Great Burnt Copper‑Gold project is well underway, with financial carve‑outs, a technical report update and listing documents in progress.
Benton Resources (OTC: BNTRF, TSXV: BEX) and Metals Creek entered a purchase agreement with G2B Gold to jointly acquire a 100% interest in two mineral licences totaling 30 claim units in Newfoundland’s Deer Lake Basin and Parson's Pond, split 50/50 and subject to a 2% net smelter royalty (NSR) in favour of G2B. Consideration comprises 120,000 Metals Creek shares and 82,500 Benton shares on closing, with an option to buy back 1% NSR for $1 million.
Benton also agreed separately to acquire mineral licence 040650M (4 claim units) tying onto its Dominion Copper-Gold-Zinc project by issuing 17,500 Benton shares, with a similar 2% NSR and 1% buyback right for $1 million. Both agreements require TSXV approval. The companies completed large-scale hydrogen-helium soil gas programs at Parson's Pond and the Smoking Gun project, collecting over 700 samples now at a Saskatchewan lab for analysis. Historical drilling in the area recorded anomalous helium up to 8,900 ppb and significant methane gas occurrences, supporting further hydrogen and helium exploration planning.
Benton Resources (OTCQB: BNTRF) and 50% partner Metals Creek have begun large-scale hydrogen-helium soil gas sampling at the Smoking Gun and Parson's Pond projects in Newfoundland. The program, overseen by Rudy Willick of Rudiger Re-Chem, will collect about 650–750 soil gas samples over an estimated 2–3 weeks.
Samples will be analyzed in Saskatoon for hydrogen, helium, neon, CO2 and C1–C4 hydrocarbons, with final data and a summary report provided to the companies. Historical data at Smoking Gun show helium values up to 8,900 ppb and long‑lasting gas flow, while Parson's Pond features drill logs with methane levels up to 72% and geological indicators considered favourable for natural (“white”) hydrogen formation. Benton highlights rising global demand for hydrogen and helium and notes it remains well financed with a diversified portfolio of base, precious metal and hydrogen‑helium projects.
Benton Resources (OTC:BNTRF, TSXV:BEX) signed a July 24, 2026 letter agreement with private Silverback Metals to create a new public company, “Spinco”, which will hold several mineral projects including Benton's Great Burnt copper-gold project. Spinco will be led by Silverback’s management team and advised by mining executive Denis Laviolette, and is expected to complete a concurrent private placement of $10 million for approximately 33.3% of Spinco, providing immediately available exploration funds.
Upon completion of a statutory plan of arrangement under the BC Business Corporations Act, Benton will distribute substantially all of its Spinco shares to Benton shareholders as a return of capital, so that Benton shareholders collectively hold a 45% direct stake in Spinco, while Benton retains a 5% Spinco shareholding and a 1% NSR on Great Burnt (half buyable by Spinco for $1 million). According to Benton, the $10 million financing for 33% of Spinco implies an imputed $15.0 million value for the Great Burnt project to Benton and its shareholders. Completion is targeted for November 2026, subject to a definitive agreement, 66⅔% shareholder approval at a mid-October meeting, BC Supreme Court approval, TSX Venture Exchange approvals for the arrangement and Spinco listing, and closing of the $10 million financing.
Benton Resources (OTC: BNTRF, TSXV: BEX) will acquire a 100% interest in additional claims at its Dominion Lake Project, adding 3 licences and 36 claim units for $3,000 and 20,000 shares, subject to regulatory approval.
Summer exploration is underway, with prospecting, soil sampling and trenching across multiple gold and base metal targets showing high-grade grab and float assays, plus follow-up on historical Cu-Zn-Ag drill intercepts near known VMS deposits.
Benton Resources (OTC:BNTRF) and Metals Creek hired hydrogen-helium expert Rudy Willick of Rudiger Re-Chem to run large regional soil gas sampling at the Smoking Gun and Parson's Pond projects in Newfoundland starting mid- to late July.
Historical work shows highly anomalous helium up to 8,900 ppb near Smoking Gun and methane up to 72% plus strong hydrogen and helium signatures at Parson's Pond wells, suggesting a multi-gas exploration opportunity. Samples will be analyzed for H2, He, neon, CO2 and C1–C4 hydrocarbons.