Benton Resources (BNTRF) Stock News

Benton Resources (BNTRF) has made significant discoveries at its Dominion Lake project in Newfoundland during a 15-day prospecting program. The newly discovered Trinity Zone, located 3.5 km SSE of Daniel's Pond VMS Deposit, yielded impressive grab samples with up to 14.60% zinc, 2.53% copper, 68.70 g/t silver, 1.31% lead, and 0.17 g/t gold. The company also extended the Rickirb gold discovery by 100m, with samples grading up to 6.41 g/t gold, and identified a new gold-bearing area 7.7 km SW of Rickirb Zone with samples up to 6.00 g/t gold. To expand its presence, Benton acquired additional land through a purchase agreement worth $15,000 cash and 200,000 shares, subject to a 2% NSR. The project's strategic location, just 21 km from Calibre Mining's newest gold mine, positions it well in this emerging exploration area.

Benton Resources (TSXV: BEX) has announced a significant new gold discovery at its Great Burnt Copper-Gold Project. Drill hole GB-25-63 intercepted 2.15 g/t gold over 7.70m, including 5.46 g/t over 2.75m, approximately 150m north of the Great Burnt Copper deposit. The company also reported successful intersections in the Great Burnt Main Zone and Footwall Zone, with hole GB-25-65 cutting massive sulphide sections. Benton has completed 5,090m of drilling in its phase 5 program, totaling over 23,300m since late 2023. A 5.9km surface pulse EM survey along the South Pond trend has identified new conductive targets for future exploration. Benton holds a 70% interest in the project, with Homeland Nickel holding the remaining 30%.

Benton Resources (TSXV: BEX) has resumed diamond drilling at its Great Burnt Copper Gold project. The company is drilling Hole GB-25-61 to test 50m below a recent discovery at the North Stringer Zone, where previous Hole GB-25-59 yielded two mineralized zones: an upper zone with 0.69% Cu over 14.40m (including 0.67g/t Au) and a lower zone with 0.80% Cu over 15.00m. The company plans 4 holes to expand this area. Additionally, a 50m step-out hole will test the GB Main Deposit's southern continuation, targeting an EM conductor where previous drilling returned 0.77% Cu over 32.1m. Benton has completed a 5km surface EM survey along the South Pond trend and plans to extend it by 1km to the northern claim boundary. Benton holds a 70% interest in the project, with Homeland Nickel holding the remaining 30%.

Benton Resources has completed its planned spin-out of Vinland Lithium shares. Shareholders owning at least 5,000 Benton shares will receive approximately 50 Vinland shares for each 5,000 Benton shares held, effective April 30, 2025.

Key details:

• Benton will distribute 2,025,126 Vinland common shares to shareholders while retaining 2,000,000 shares
• Vinland has approximately 10,000,000 total issued shares
• Sokoman Minerals will spin out the same number of Vinland shares to its shareholders
• New Benton shares will trade under security number CA0832971018

The transition will occur on April 30, 2025, when New Benton shares begin trading on the Exchange. Old Benton shares will be delisted on April 29, 2025. While Vinland shares won't be listed immediately, the company has applied for Exchange listing. Shareholders with less than 5,000 Benton shares won't receive Vinland shares.

Benton Resources (TSXV: BEX) has completed the planned spin-out of approximately half of its Vinland Lithium shares. Shareholders owning at least 5,000 Benton shares will receive approximately 50 Vinland shares for each 5,000 Benton shares held, effective April 30, 2025.

Benton will distribute a total of 2,025,126 Vinland common shares while retaining 2,000,000 shares. Vinland has approximately 10,000,000 total issued shares. Sokoman Minerals Corp. is simultaneously spinning out an equal number of Vinland shares to its shareholders.

The new Benton shares (New Benton) will be listed on the Exchange on April 29, 2025, with the old shares delisting on April 28, 2025. While Vinland shares won't be immediately listed, the company has applied for Exchange listing separately.

Benton Resources (TSXV: BEX) has completed 70% of a planned 5 km surface Pulse Electromagnetic survey along the northern portion of the South Pond trend on the Great Burnt Property. The survey has identified several new conductive plates associated with known mineralized zones at surface, potentially situated near an anticlinal fold crest.

Recent drilling highlights from the South Pond trend include significant gold intersections across multiple holes, with notable results such as 1.62 g/t Au over 43.75m (SP-24-03) and 1.88 g/t Au over 54.50m (SP-24-32). The company plans to resume drilling at the Great Burnt Main Zone, where previous hole GB-25-53 intersected 0.77% Cu over 32.1m including higher-grade sections.

Additional drilling is planned around the new discovery beneath the North Stringer Zone, where recent results showed 0.69% Cu over 14.40m with associated gold mineralization, and 0.80% Cu over 15.00m in the lower zone. Benton holds a 70% interest in the Great Burnt Copper-Gold Project, with Homeland Nickel holding the remaining 30%.

Benton Resources (TSXV: BEX) has received shareholder approval to spin out approximately 2 million of its 4 million common shares of Vinland Lithium Inc. to its shareholders. The spin-out, approved at the March 21, 2025 annual meeting, will distribute shares at a ratio of approximately 50 Vinland shares per 5,000 Benton shares.

Vinland Lithium, which holds the Killick Lithium Project, is currently owned by Benton (40%), Sokoman Minerals (40%), and Piedmont Lithium Newfoundland Holdings (20%). The distribution is expected to occur around April 30, 2025. Notably, Piedmont has invested CAD$2.0M at CAD$1.00 per share and has the option to earn up to 62.5% direct interest in Killick Lithium by spending CAD$12.0M in exploration and development.

Upon Piedmont completing all earn-in options, they will have paid Benton and Sokoman CAD$10.0M in Piedmont Lithium shares. Benton and Sokoman will collectively retain a 2% NSR on the Killick project.

Benton Resources (TSXV: BEX) has expanded its Great Burnt Main Zone (GBMZ) copper deposit from 850m to 950m down plunge. Recent drilling highlights include hole GB-25-60 intersecting 4.14% copper over 21.70m, including an impressive 5.97% copper over 14.70m and 20.78% copper over 2.00m.

The company made a significant new discovery 200m north of GBMZ, with hole GB-25-59 encountering two mineralized zones: an upper zone yielding 0.69% copper over 14.40m with associated gold mineralization (0.67g/t Au), and a lower zone returning 0.80% copper over 15.00m.

Down-hole electromagnetic surveys indicate further expansion potential at both the main deposit and the new northern discovery. The current drill program totaled 3,127m, with Benton holding a 70% interest in the project while Homeland Nickel maintains 30%.

Benton Resources (TSXV: BEX) reports significant drilling results from its Great Burnt Main Zone (GBMZ) copper project. Drill hole GB-25-60 intercepted a 15.00m section containing 10.40m of massive and semi-massive sulphide with heavy chalcopyrite, with core angles estimated at 80-90% true thickness.

The company also announced a new discovery in the North Stringer Zone (NSZ), where hole GB-25-59 intersected two well-mineralized chalcopyrite-pyrrhotite zones. The current drill program has completed 3,220m to date, targeting various new areas including the North Stringer/Footwall Zones.

Benton has temporarily paused drilling while awaiting results and completing geophysical programs. Eastern Geophysics has been contracted for downhole EM surveying, and a deep surface ground EM survey is planned for selected areas including the South Pond Copper-Gold deposit. Benton holds a 70% interest in the Great Burnt Copper-Gold Project, with Homeland Nickel Inc. holding the remaining 30%.