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 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%.
Benton Resources (TSXV: BEX) has successfully expanded its Great Burnt Main Zone (GBMZ) to 950m in strike length down plunge. Recent drilling highlights include:
- Hole GB-25-53: 7.2m of heavy stringer and semi-massive copper mineralization
- Hole GB-25-54: 10.43m of stringer, semi-massive and massive sulphide mineralization, plus a second 10.76m mineralized zone
The current drill program, totaling 2,370m to date, has targeted several new areas including North Stringer/Footwall zones and various shallow magnetic and geophysical anomalies. Most drill holes have intersected weak to strong mineralization. The company plans to conduct downhole geophysics to define potential massive sulphide zones at depth for further drilling.
Benton holds a 70% interest in the Great Burnt Copper-Gold Project, with Homeland Nickel Inc. holding the remaining 30%. The project spans 25km in strike length.
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.