Benton Resources Stock Price, News & Analysis

Benton Resources (TSXV: BEX) has announced significant copper results from its Great Burnt project. Drill hole GB-24-49 intersected the Main Zone with 22.0 meters grading 7.47% copper, including 15.0 meters of 10.02% copper and 8.0 meters of 11.93% copper. The hole also confirmed mineralization in a parallel Footwall Zone, with sections grading 0.25% copper and 0.9g/t gold over 9.5 meters.

The company has resumed drilling to test this parallel horizon and the down plunge extension of the Main Zone. Additionally, anomalous results were discovered 200m west of the historical End Zone, including sections with 0.17% copper and a 4.0m section grading 0.12% nickel. Benton holds a 70% interest in the Great Burnt Copper-Gold project, with Homeland Nickel Inc. holding the remaining 30%.

Benton Resources (TSXV: BEX) has provided a corporate update highlighting several key developments. The company will hold its AGM on March 6, 2025, where shareholders will vote on the spinout of approximately 2 million shares of Vinland Lithium Inc. to shareholders of record as of January 20, 2025.

The company is resuming drilling at the Great Burnt Copper Deposit, with plans for 15,000m of drilling in 2025. Recent drilling results have been promising, with highlights including intersections of 13.00m of 8.31% Cu and 26.87m of 7.18% Cu.

A new gold discovery was made at the company's 100%-owned Dominion Lake Gold-VMS Base Metal project, located 21km north-northeast of Calibre Mining's Marathon Deposit. The newly discovered Rickirb Zone has returned grades up to 4.6 g/t gold.

Benton maintains a significant position in Clean Air Metals Inc. with 24.6 million shares and a 0.5% NSR on their Thunder Bay North Project, where drilling is currently underway with plans for potential bulk sampling.

Benton Resources (TSXV: BEX) has announced its best gold results to date at the South Pond Gold-Copper Zone (SPGCZ) within its Great Burnt Lake project in Newfoundland. The key highlight is drill hole SP-24-32, which cut 1.88 g/t Au over 54.50 m, including two higher-grade zones: an upper section grading 2.41 g/t over 14.00 m (including 9.68 g/t over 1.00 m) and a lower section grading 3.34 g/t over 12.00 m (including 4.87 g/t over 3.00 m).

The SPGCZ structure spans approximately 3.0 km and remains open, located 8 km north of the Great Burnt Lake Copper Deposit. The company plans to resume drilling in mid-January at the Great Burnt Copper Deposit and has scheduled a 15,000 m drill program for 2025. Benton holds a 70% interest in the project, with Homeland Nickel holding the remaining 30%.

Benton Resources (TSXV: BEX) has successfully closed its non-brokered private placement financing, raising $1,025,923 through the issuance of 9,326,571 Charity Flow-through Units at $0.11 per unit. Each unit includes one flow-through common share and half a warrant, with warrants exercisable at $0.11 for 36 months. The company paid $33,172 in finders' fees and issued 473,880 finders' warrants. The proceeds will fund Canadian exploration expenses, qualifying as flow-through mining expenditures, which must be incurred by December 31, 2025, and will be renounced to subscribers effective December 31, 2024.

Benton Resources (TSXV: BEX) has completed a significant drill hole at the Great Burnt Main Deposit, intersecting 21.1 meters of semi-massive to massive sulphide with high-grade copper mineralization at the main zone, and 12.3 meters of stringer mineralization in the footwall zone. The drill hole GB-24-49 served as both an infill hole within the Main Deposit and tested a parallel conductor approximately 150 meters east of the main deposit. The footwall intersection at 393 meters revealed hard silicified mafic volcanics with stringer pyrrhotite and chalcopyrite. Drilling will pause for Christmas and resume in mid-January to test additional deep and parallel targets. Benton holds a 70% interest in the Great Burnt Copper-Gold Project, with Homeland Nickel holding the remaining 30%.

Benton Resources has resumed drilling at the Great Burnt Copper Deposit (GBCD) to test newly identified parallel and deep EM conductors. The company has extended the South Pond Gold-Copper Zone to 2.3 km in length, which remains open to expansion. Notable drilling results from 2023-2024 include intersections of up to 13.00m of 8.31% Cu and 26.87m of 7.18% Cu.

A new semi-massive sulphide zone has been discovered 1 km south of South Pond, and a further 15,000m drill program is planned for 2024-2025. The company's geological model suggests mineralized sequence is structurally thickened, potentially suitable for shallow open-pit mining methods.

Benton Resources has announced a new gold discovery at its Dominion Lake Project. The newly discovered Rickirb Zone features a 50m wide sheared zone with a >12.0m wide quartz-flooded area, traced for approximately 120m. Sampling revealed grades up to 4.6 g/t gold, with 7 out of 30 grab samples grading >0.5 g/t Au.

The company has also executed an option agreement with Herbert Froude to acquire additional mineral licenses. The expanded land package now surrounds two VMS deposits: Daniel's Pond and Bobby's Pond. Froude will retain a 2% NSR, with Benton having the option to buy back 1% for $500,000.

Benton Resources has identified a deep electro-magnetic anomaly below the Great Burnt Copper Deposit that could extend its strike length from 850m to 1,050m. The company reported significant drilling results including intersections of up to 13.00m of 8.31% Cu and 26.87m of 7.18% Cu. At the South Pond Gold Zone, drilling has extended gold mineralization to over 1.7km strike length, with highlights including 19.75m grading 1.42g/t Au. Additionally, a large nickel anomaly has been identified, with rock samples grading between 0.13% to 0.23% Ni. The company plans a further 15,000m drill program for 2024-2025.

Benton Resources (TSXV: BEX) announces plans for a shareholder vote on January 8, 2025, to approve the spin-out of approximately 2 million shares of Vinland Lithium. Vinland, which holds the Killick lithium project, is currently owned by Benton (40%), Sokoman Minerals (40%), and Piedmont Lithium (20%). Following approval, the TSX Venture Exchange has conditionally agreed to list Vinland's approximately 10 million shares. The expected distribution ratio is about 50 Vinland shares per 5,000 Benton shares, with a minimum holding requirement of 5,000 Benton shares to receive the distribution.