Thunder Bay, Ontario–(Newsfile Corp. – November 20, 2023) – Benton Resources Inc. (TSXV: BEX) (“Benton” or the “Company”) is pleased to announce that it has received assay results for three additional drill holes that continue to expand and better define the Great Burnt Copper Deposit. Hole GB-23-04 intersected 26.87m grading 7.18% Cu, including 10.28m grading 11.16% Cu (see photo below). GB-23-03 and GB-23-05, (see table below), were both drilled up dip from historic holes and, intersected the Cu-rich zone. These results will expand the deposit, which remains open for further expansion. The Company’s drill program is still ongoing with 4,906m drilled in 18 drill holes thus far, all of which have intersected stringer, semi-massive and massive sulphides. The Company would also like to mention that the assays have returned significant cobalt values that could significantly enhance the economics of the deposit. Cobalt is another designated critical metal in Canada and the table below shows the cobalt, which was not previously reported for holes GB-23-01 and GB-23-02.
President and CEO Stephen Stares states “The Great Burnt drilling is delivering exceptional results in grades and thicknesses. It is extremely rare to have such great success so early in an inaugural program. This speaks volumes to the potential of this high-grade project. I’m truly excited about the exploration for the remaining 2023 season and moving into 2024”.
GB-23-01 through GB-23-18 are summarized in the table below:
|DDH #||Target||From (m)||To (m)||Length (m)||Cu (%)||Ag (g/t)||Co (%)||Intersected Massive Sulphide|
|GB-23-06||Main Deposit||Assays Pending||Yes|
|GB-23-07||Main Deposit||Assays Pending||Yes|
|GB-23-08||Main Deposit||Assays Pending||Yes|
|GB-23-09||Main Deposit||Assays Pending||Yes|
|GB-23-10||Main Deposit||Assays Pending||Yes|
|GB-23-11||Main Deposit||Assays Pending||Yes|
|GB-23-12||Main Deposit||Assays Pending||Yes|
|GB-23-13||Main Deposit||Assays Pending||Yes|
|GB-23-14||Main Deposit||Assays Pending||Yes|
|GB-23-15||Main Deposit||Assays Pending||Yes|
|GB-23-16||Main Deposit||Assays Pending||Yes|
|GB-23-17||Main Deposit||Assays Pending||Yes|
|GB-23-18||Main Deposit||Assays Pending||Yes|
Note: Intervals reported for the 2023 drilling are core lengths, estimated to be approximately 95% of true width for holes GB-23-11, 12, 13, 14 and approximately 70% of true width for the remaining holes.
In addition to drilling, extensive compilation of historical data is ongoing and prospecting and soil geochemical sampling continues to the north of the main Great Burnt Deposit.
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Hole GB-23-05 was a twin of a historic hole (within approximately 5m of the main deposit pierce point of historic hole GB85). GB85 was drilled using an AX/EX core size (see generalized long section above). See table below for comparison:
|DDH #||Target||Â||From (m)||To (m)||Length (m)||Cu (%)|
There is a significant increase in Cu grade between holes GB85 and its twin hole GB-23-05 from the current drilling using NQ core (diameter of 47.6mm), with greater than 95% core recovery, as compared to GB85 drilled using AX (diameter of 30.2mm) and EX (diameter of 22.2mm) core sizes. The Company’s plan is to twin several other historic holes to determine if this grade increase is consistent.
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 35-element package utilizing a 200mg subsample totally dissolved in four acids and analyzed by ICP-OES analytical technique. Overlimits are analysed with Eastern’s atomic absorption method, using a 0.200g to 2.00g 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).
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. Following a project generation business model, Benton has a diversified, highly prospective property portfolio of gold, silver, nickel, copper, platinum group elements and, most recently, lithium and cesium assets. In addition, it currently 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.
On behalf of the Board of Directors of Benton Resources Inc.,
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:
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The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.”
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company’s expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company’s prospects, properties and business detailed elsewhere in the Company’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company’s expectations or projections.
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