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202624 releases
Benton Resources Announces Grant of Stock Options
Benton Resources' board approved the grant of incentive stock options to certain officers, directors, employees and consultants to purchase up to an aggregate of 5,650,000 common shares. The options are exercisable at $0.09 per share and expire on October 16, 2031, subject to the company's stock option plan, applicable vesting provisions and TSX Venture Exchange approval.
CorporateBenton Makes Second High-Grade Gold Discovery of 37.87 g/t Au at the Quinlan Zone and Discovers Visible Gold Assaying 79.1 g/t Au at the Rickirb Zone, Dominion Project
Channel sampling at the Quinlan trenches on the Dominion Project in the Tulks Volcanic Belt, Central Newfoundland, returned 6.59 g/t Au over 6.0 m, including 37.87 g/t Au over 1.0 m on Line 2, and 3.84 g/t Au over 5.0 m, including 18.28 g/t Au over 1.0 m on Line 1, plus 1.95 g/t Au over 0.8 m at the 10 Grammer trench. Grab samples with visible gold at the Rickirb #3 trench assayed 79.1 g/t Au and 15.2 g/t Au. Quinlan lies 6.4 km from Rickirb and 20 km by road from Equinox Gold's Valentine Gold Mine; 159 channel sample results remain outstanding and both zones are drill-ready.
Drill resultsBenton Acquires Strategic Land within its Dominion Gold-Base Metal Project and Provides Update on Trenching Program
A parcel of 6 claim units in 1 mineral licence contiguous to and within the Dominion gold-base metal project in Newfoundland has been acquired from arm's-length Quest Inc for $20,000 cash and 400,000 shares, subject to exchange approval, with vendors retaining a 2.5% NSR (1.5% buyable for $1.5 million) plus a $6,000 annual royalty after 48 months. The parcel lies about 600 m along strike from grab samples grading up to 10.8 g/t gold. 159 channel sample results remain outstanding at Ellie, Rickirb and Quinlan.
AcquisitionBenton Discovers High-Grade Gold at the Dominion Project with Assays up to 30.53 g/t Au in Channel Sampling
Channel sampling at the newly identified Rickirb gold zone on the Dominion project in Newfoundland returned grades up to 30.53 g/t Au, with three trenches sampled over an intermittent strike length of over 210 m that remains open to the northeast and southwest. Results include 2.0 m of 8.00 g/t Au including 0.5 m of 30.53 g/t Au and 11.2 m of 1.80 g/t Au including 3.0 m of 6.36 g/t Au in Trench #1, 3.7 m of 4.20 g/t Au including 0.9 m of 15.29 g/t Au in Trench #2, and 5.7 m of 1.85 g/t Au in Trench #3; intervals are estimated at 80-95% of true width.
Drill resultsBenton and Metals Creek Announce Anomalous Concentrations of Hydrogen-Helium Soil Gas at Smoking Gun and Parson’s Pond Projects, Newfoundland
Preliminary soil gas results from Benton Resources and Metals Creek Resources' Smoking Gun and Parson's Pond hydrogen-helium projects in western Newfoundland identified four anomalies, two on each project. Smoking Gun returned hydrogen values up to 600 ppm and helium up to 7.7 ppm, while Parson's Pond returned hydrogen up to 900 ppm. The program collected 710 samples over about two weeks, analyzed for hydrogen, helium, neon, CO2 and C1-C4 hydrocarbons; large portions of both projects remain unsampled.
Drill resultsBenton and Metals Creek Acquire an Additional 262 Claim Units at Smoking Gun Hydrogen-Helium in Newfoundland, Awaiting Final Results from the Gas Sampling Program
An additional 262 claim units have been staked, expanding the Smoking Gun hydrogen/helium project in the Deer Lake Basin, western Newfoundland, held by Benton Resources and Metals Creek Resources. The companies are awaiting results from the recently completed soil gas program covering the Parson's Pond and Smoking Gun projects, overseen by Rudy Willick of Rudiger Re-Chem. An inaugural drill program testing favourable hydrogen and helium targets will be planned after results are compiled.
AcquisitionBenton Trenching Program in Progress at Dominion Project and Discovers New Gold Zone at Stoney Caldera
Trenching at the Dominion project has exposed the Rickirb gold zone over an intermittent strike length of 210 m, open to the northeast and southwest, with the zone averaging 5 m to 12 m wide, containing 2-10% pyrite; over 150 channel samples have been submitted for gold/ICP analysis. At the Stoney Caldera Copper-Gold Project, ten grab samples over 600 m at the new Reid Zone returned 82 ppb to 2,014 ppb gold. The Great Burnt Copper-Gold spinout is underway.
Drill resultsBenton and Metals Creek Complete Hydrogen-Helium Soil Gas Sampling at Smoking Gun and Parson’s Pond in Newfoundland, Acquire Additional Claims
Over 700 soil gas samples have been collected at the Parson's Pond and Smoking Gun hydrogen-helium projects in Newfoundland and sent to Rudiger ReChem's Saskatchewan lab, with results expected in the next two weeks. Benton and Metals Creek also agreed to jointly acquire from G2B Gold a 100% interest in 2 mineral licences covering 30 claim units in the Deer Lake Basin and Parson's Pond area, 50% each, for 120,000 Metals Creek and 82,500 Benton shares, subject to a 2% NSR. Separately, Benton will buy licence 040650M, 4 claim units adjoining its Dominion project, for 17,500 Benton shares and a 2% NSR. Half of each NSR is purchasable for $1 million. Both agreements require TSXV approval.
Drill resultsBenton and Metals Creek Commence Hydrogen-Helium Soil Gas Sampling at Smoking Gun and Parson’s Pond in Newfoundland
Two regional hydrogen-helium soil gas sampling programs have begun at the Parson's Pond and Smoking Gun projects in western Newfoundland, jointly held 50/50 by Benton Resources and Metals Creek Resources. Approximately 650 to 750 samples will be collected over 2 to 3 weeks and analyzed by Rudiger Re-Chem in Saskatoon for hydrogen, helium, neon, CO2 and C1-C4 hydrocarbons. Historical data show helium up to 8,900 ppb at Smoking Gun and methane up to 72% at Parson's Pond.
Drill resultsBenton Plans to Spin Out Great Burnt Copper-Gold Project to Shareholders for $15.0 M Valuation in Conjunction with Concurrent $10.0 M Financing
A letter agreement dated July 24, 2026 with privately held Silverback Metals Corp. will create a new public company holding Benton's Great Burnt copper-gold project in Newfoundland alongside Silverback's Sail Pond project, with a concurrent $10,000,000 private placement for 33.3% of Spinco, implying a $15.0 million value for Great Burnt. Benton will distribute Spinco shares to shareholders pro rata, retaining a 5% stake and a 1% NSR. Shareholder vote is set for about mid-October 2026, with closing targeted for November 2026.
AcquisitionBenton Acquires Additional Land at its Dominion Lake Project and Commences Summer Exploration
Benton will purchase a 100% interest in additional claims from arm's-length prospectors Herb and April Froude, adding 3 licences totalling 36 claim units adjacent to its Dominion Lake Project in Newfoundland, for a one-time cash payment of $3,000 and 20,000 common shares, subject to regulatory approval. Crews have been working for the past three weeks on prospecting and soil sampling, with trenching to begin shortly. Targets include Bear #3 (grabs up to 10.8 g/t Au), Rickirb (6.41 g/t Au) and Trinity (14.6% Zn).
AcquisitionBenton and Metals Creek Hire Expert Rudy Willick to Complete Hydrogen-Helium Gas Sampling at Smoking Gun and Parson’s Pond in Newfoundland
Benton Resources and Metals Creek Resources have retained Rudy Willick of Rudiger Re-Chem (Neuanlage, Saskatchewan) to run two regional-scale soil gas sampling programs at the Parson's Pond and Smoking Gun hydrogen-helium projects in western Newfoundland. Fieldwork starts mid- to late July and is expected to take 2 to 3 weeks, with samples analyzed for hydrogen, helium, neon, CO2 and C1-C4 hydrocarbons. Historical data show helium up to 8,900 ppb in water from drill hole 79-67 at Smoking Gun and methane reaching 72% at Parson's Pond.
NewsBenton Closes $2 Million Non-Brokered Unit Financing
A $2,000,000 non-brokered private placement has closed, with 28,571,429 units issued at $0.07 per unit to Eric Sprott through 2176423 Ontario Ltd., each unit comprising one common share and one warrant exercisable at $0.10 for 36 months. Sprott now holds 57,321,429 shares and 31,696,429 warrants, about 19.7% non-diluted and 27.6% fully diluted. Proceeds will fund Benton's recently acquired Newfoundland hydrogen prospects, held 50/50 with Metals Creek Resources Corp., and working capital. No finder's fees were paid.
FinancingBenton and Metals Creek Substantially Increase their Land Holdings at Smoking Gun and Parson’s Pond Hydrogen-Helium Projects in Newfoundland
Staking has expanded the jointly held Smoking Gun Project in Newfoundland's Deer Lake Basin from 242 to 654 claim units covering 163.5 km2, and the Parson's Pond Project from 427 to 641 claim units covering 160.3 km2, targeting natural hydrogen and helium. Historical water sampling at drill hole 79-67 returned 8,900 ppb helium. Benton also signed a binding LOI to sell a five-claim licence in the Victoria Lake Volcanic Belt to Quadro Resources for $10,000 cash and 100,000 Quadro shares.
NewsBenton Announces $2 Million Non-Brokered Unit Financing with Investment by Eric Sprott
A $2,000,000 non-brokered private placement of 28,571,429 units at $0.07 per unit will be taken up entirely by Eric Sprott, the company's largest shareholder. Each unit includes one common share and one warrant exercisable at $0.10 for 36 months, with a four-month and a day hold period. Closing is expected on or before June 15, 2026, with proceeds directed to Benton's Newfoundland hydrogen prospects held 50/50 with Metals Creek Resources Corp. and working capital.
FinancingBenton Closes Private Placement
A non-brokered private placement for gross proceeds of $1,468,000 has closed in two tranches, with 18,350,000 flow-through units issued at $0.08. Each unit includes one flow-through share and half a warrant exercisable at $0.12 for 24 months; finders received $70,140 cash and 806,250 broker warrants at $0.12. Four insiders subscribed for $45,000 (562,500 FT Units). Proceeds will fund Newfoundland critical minerals exploration, with qualifying expenditures incurred by December 31, 2027 and renounced effective December 31, 2026.
FinancingBenton and Metals Creek Acquire a 7th Highly prospective Helium and Natural Hydrogen Project in Newfoundland
Benton Resources and Metals Creek Resources have jointly staked 156 units under two licences covering the Smoking Gun Prospect in Newfoundland's Deer Lake Basin, their seventh helium and natural hydrogen project. The ground was selected after historic water sampling from drill hole 79-67 returned helium values up to 8,900 parts per billion. That hole lies 11.8 km northeast of hole Mills No. 1, which produced high-pressure gas that flowed for at least 12 months.
AcquisitionBenton Announce $2.5 Million Flow-Through Financing
A non-brokered flow-through private placement for gross proceeds of up to $2.5 million is planned, consisting of up to 31,250,000 flow-through units at $0.08, each with one flow-through common share and one-half warrant exercisable at $0.12 for 24 months. Proceeds will fund Canadian exploration expenses qualifying as flow-through critical mineral mining expenditures by December 31, 2027, renounced to subscribers effective December 31, 2026. The offering is subject to TSX Venture Exchange approval and a four-month-plus-one-day hold period.
FinancingBenton Increases Interest in Great Burnt Project and Identifies High Priority Target
Homeland Nickel has given notice it will no longer participate in the Great Burnt joint venture in central Newfoundland, which hosts the South Pond gold-copper and Great Burnt copper deposits. As of December 31, 2025, Homeland was deemed to have incurred $2,201,071.93 (26.49%) of exploration expenditures versus Benton's $6,108,232.33 (73.51%), with Homeland's interest to dilute further as Benton spends. Winter soil sampling on the northern portion returned gold in soils up to 5.1 g/t Au, with bedrock and float samples to 896 ppb Au, 330 m southwest of 12.0 g/t Au float found in fall 2025.
NewsBenton Partners with Metals Creek to Acquire 6 Projects with Natural Hydrogen Potential in Newfoundland
Benton Resources and Metals Creek Resources have jointly staked six natural (white) hydrogen projects on the west coast of Newfoundland, totalling 763 claim units. Three of the six have historical drill-hole gas or surface gas venting, including Parson's Pond, where logs from two holes 14.2 km apart recorded C1 methane levels reaching 72%, and Deer Lake Basin, where explosive gas flowed from a historical hole for at least 12 months. The companies note gas presence does not guarantee hydrogen or helium.
AcquisitionBenton Announces Company Attendance at Prospectors and Developers Association of Canada Convention (PDAC)
Benton Resources will host booth #2117 at the Investors Exchange during this year's PDAC Convention. President and CEO Stephen Stares will present at the Atlantic Canada Day Session on Tuesday, March 3, 2026 at 3:50pm EST at the InterContinental Toronto Centre Hotel, covering the company's projects, results to date and future plans.
CorporateBenton Announces Appointment of Darin Wagner as Special Advisor and Provides Exploration Update
Darin Wagner, P.Geo., has joined Benton Resources as a special technical advisor and received a grant of 300,000 incentive stock options at an exercise price of $0.10 for five years, vesting under the Company's stock option plan. Drilling in Newfoundland has been postponed due to heavy snow, while soil sampling north of the South Pond deposit continues and exploration camp upgrades at Great Burnt are due to finish within a couple of weeks. A trenching program is planned at Dominion Lake once weather permits.
ManagementBenton Confirms New VMS Copper Discovery at End Zone and Delineates Gold and Copper Horizon at South Pond Gold-Copper Deposit
Two widely spaced drill holes at the End Zone within the South Pond Gold-Copper Project in Newfoundland intersected VMS stringer-style copper mineralization, including 58.00 m of 0.11% Cu in EZ-25-01 and 0.70 m of 1.60% Cu and 0.40 g/t Au within 3.07 m of 0.67% Cu in EZ-25-02, 6.5 km north of the Great Burnt Copper deposit. Final five South Pond holes returned 15.05 m of 0.96 g/t Au (SP-25-56) and 27.82 m of 0.44 g/t Au (SP-25-60), while SP-25-61 returned 15.67 m of 0.07% Ni, 0.009% Co and 0.09% Cr. Follow-up drilling is being planned.
Drill resultsBenton Receives Positive Metallurgical Results from South Pond with Gold Recoveries up to 88.4%
Preliminary bottle-roll cyanidation tests on the South Pond Gold-Copper Deposit in central Newfoundland returned gold recoveries up to 88.4%. SGS Canada Inc. in Lakefield, Ontario ran three 24-hour leach tests on a roughly 20 kg composite of gold-mineralized intervals from 16 drill holes, with extractions of 82.8%, 83.6% and 88.4%. The company notes 2021 testwork on the Great Burnt Copper Deposit averaged 94.7% copper recovery across seven tests, with SGS predicting a 25% Cu concentrate at 96% recovery. The results are laboratory-scale only.
Study results
202520 releases
Benton Provides End of Year Update
A year-end update reports the Great Burnt copper deposit in central Newfoundland was expanded from 650 m to 950 m of strike length, a 2.7 km wide shallow gold-copper zone was delineated at South Pond, and a new VMS system was discovered in the End Zone with assays pending. Benton has completed 26,637 m of drilling at Great Burnt since late 2023 and holds approximately $2.9M in cash and $3.0M in equities, with a large 2026 drill program and an early-2026 airborne geophysical survey planned.
CorporateBenton Continues to Hit Wide Gold Zones at South Pond and Identifies New VMS System North of Great Burnt; Launches New Website
Drilling at the South Pond Gold-Copper Deposit in central Newfoundland returned 2.02 g/t Au over 17.13 m (29.87–47.00 m), including 9.12 g/t Au over 1.00 m, in SP-25-54, and 1.10 g/t Au over 23.00 m, including 7.54 g/t Au over 1.00 m, in SP-25-55. A new VMS system was identified at the End Zone north of Great Burnt, where EZ-25-01 cut 11.66 m of pyrrhotite-chalcopyrite from 137.40 m. Drilling is paused until January, with eight holes pending; SGS is running gold recovery tests.
Drill resultsBenton Discovers Additional High-Grade Gold and Delineates Large Copper Soil Anomaly South of the Great Burnt Copper Deposit
Prospecting samples collected about 725 m northeast of the northernmost area of the South Pond gold-copper deposit at the Great Burnt project in central Newfoundland returned trace up to 12.0 g/t Au, with two mineralized boulder samples grading 0.86 g/t Au and 12.0 g/t Au. Results from 1,259 soil samples over a 5.4 x 2 km grid in the southern portion of the project delineated a 2.5 km multi-line copper anomaly, and an airborne geophysical survey is planned. The drill program has completed 23 holes, 21 testing the South Pond horizon over 2.7 km.
Drill resultsBenton Confirms High Gold Grades and Acquires Additional Claims at the Stoney Caldera Gold Zone in Newfoundland
A purchase agreement, subject to TSX Venture Exchange approval, will give Benton a 100% interest in 4 claim units covering one square kilometre in Newfoundland for $6,000 and 125,000 common shares, with a 2% NSR to the vendor and a buyback of 1% for $1 million. The claims are surrounded by Benton's Stoney Caldera Project and host a gold zone that assayed 4.03 g/t Au. Recent grab sampling at the CEC occurrence returned up to 5.2 g/t Au, 0.5% Cu, 1.77% Pb and 0.032% Co, and at the Reid Occurrence up to 4.41% Cu and 0.156% Co.
Drill resultsBenton Resources Drilling Continues to Delineate the South Pond Gold-Copper Deposit with Shallow - Wide Intercepts
Gold results from the first seven resource holes at the South Pond Gold-Copper Deposit, part of the Great Burnt Project in central Newfoundland, included SP-25-37 with 16.00 m of 1.13 g/t Au (including 4.00 m of 2.15 g/t), SP-25-38 with 15.40 m of 1.11 g/t Au and SP-25-36 with 11.35 m of 1.01 g/t Au. Step-out holes SP-25-40 and 41, 340 m and 190 m north of the deposit, returned anomalous gold. Holes GB-25-67/68 did not intersect significant mineralization; nearby bedrock sampling returned up to 31.35 g/t Au and 3.22% Cu.
Drill resultsBenton Provides Additional Information Regarding Acquisition Agreement with Noble Minerals
A filing has been made with the TSX Venture Exchange seeking approval of an agreement to acquire a 100% interest in Noble Mineral Exploration's Island Pond Property, a single mineral license of 7 claims covering 175 hectares adjoining the northern boundary of Benton's South Pond Gold Zone in the Great Burnt Copper-Gold project area, Newfoundland. Consideration is a one-time $30,000 cash payment and 1,000,000 common shares, subject to Exchange approval. The property carries a 2% NSR, buyable for $1.5M, and a 1% NSR to Noble.
AcquisitionBenton Stakes the New Great Copper-Gold Corridor, Adding Significantly to Its Land Position in Newfoundland
A 100% interest in the Stoney Caldera Project in central Newfoundland has been acquired through direct staking, comprising nine mineral licences and 611 claim units along the Great Copper-Gold Corridor, northeast of Benton's Great Burnt Project. Grab samples from float and subcrop returned values from trace up to 6.41 g/t Au, 0.42% Cu and 2.1 ppm Ag, with outcrop grabs up to 2.74% copper and 0.087% cobalt over an apparent strike length of ~25 m, never drill tested. Further gold and base metal assays from ongoing drilling and prospecting are pending, with trenching permitting underway.
CorporateBenton Closes $1.9 Million Financing
A private placement of 36,000,182 Units at $0.055 has closed for gross proceeds of $1,980,010. Each Unit comprises one common share and one warrant exercisable at $0.10 for five years; no finders' fees were paid and the securities carry a four-month hold. Proceeds will advance Benton's Newfoundland projects and fund general working capital.
FinancingBenton Purchases Strategic Ground Directly Along Strike of the South Pond Gold Deposit from Noble Minerals
A purchase agreement has been signed to acquire a 100% interest in Noble Mineral Exploration's Island Pond Property for a one-time cash payment of $30,000 CAD and 1,000,000 common shares, subject to TSXV approval. The property lies north of Benton's South Pond Gold Zone within the Great Burnt Copper-Gold Project in central Newfoundland and could add more than 1,000 m to the current 2.7 km mineralized trend. It carries a 2% NSR, buyable for $1.5M, and a 1% NSR to Noble. Prospecting and geophysics are planned.
AcquisitionBenton Provides Update on Its Stake in Clean Air Metals Inc. - New PEA Delivers C$219.4M pre-tax NPV, 39% IRR for the Thunder Bay North Project
A new PEA on Clean Air Metals' Thunder Bay North Project in Ontario shows a pre-tax NPV8 of C$219.4M and 39% IRR, after-tax NPV of $157.5M and 32% IRR, against capital costs of $89.5M, with 2.5-year payback and 45% operating margins; at spot pricing, pre-tax NPV8 is $316M with a 52% IRR. Benton holds 24.6M shares, or 9.8% of Clean Air Metals, and a 0.5% NSR on part of Thunder Bay North and all of Escape Lake.
Study resultsBenton Continues to Deliver High-Grade Gold Results at Great Burnt, Including 31.35 g/t from New Surface Sampling
Surface prospecting a few hundred metres northwest of the Great Burnt Copper Deposit in central Newfoundland returned gold grades of 31.35, 4.57, 2.56 and 1.19 g/t, potentially extending the NGB Target; drilling and surface sampling now define a strike length of over 280 m. The zone is a silicified mafic volcanic with pyrrhotite and chalcopyrite up to 5 m wide. Benton also capped its $0.055 unit private placement at $1,980,011 for 36,000,182 units, pending final TSXV approval.
Drill resultsBenton Resumes Drilling at the Great Burnt Project and South Pond Gold Zone
Drilling has recommenced at the Great Burnt copper-gold project in central Newfoundland, with four holes completed and a fifth underway, testing several high-priority targets identified in the September 9, 2025 news release. Core is being logged, cut and sampled for gold and ICP base metal assays at Eastern Analytical, with results to be released once compiled. Benton has drilled 23,300 m at Great Burnt and South Pond from late 2023 to present.
Drill resultsBenton Closes $1.836 Million in First Tranche of Private Placement Financing
A first tranche of Benton Resources' private placement has closed, with 33,372,910 units issued at $0.055 for gross proceeds of $1,835,510. Each unit includes one common share and one warrant exercisable at $0.10 for five years. The company received conditional approval for the full $2.4 million financing, which remains subject to final TSX Venture Exchange approval, and proceeds will fund its Newfoundland projects and general working capital.
FinancingBenton Increases Private Placement to $2,400,000 and Files for Conditional Approval
The previously announced non-brokered private placement has been increased to up to 43,636,364 units at $0.055 for gross proceeds of up to $2.4 million, and Benton has filed documents with the TSX Venture Exchange seeking conditional approval to close. Each unit includes one common share and one warrant exercisable at $0.10 for five years. Proceeds will advance the company's Newfoundland projects and general working capital; securities carry a four-month hold.
FinancingBenton Arranges $1.7M Private Placement with Plans to Resume Drilling at Great Burnt
A non-brokered private placement for gross proceeds of up to $1.7 million has been arranged, consisting of up to 30,909,091 units at $0.055 per unit, each with one common share and one five-year warrant exercisable at $0.10. Proceeds will advance Benton's Newfoundland projects and general working capital. The financing is subject to TSX Venture Exchange approval and a four-month hold. Drilling is set to resume this week to expand South Pond and the Great Burnt Deposit.
FinancingBenton Substantially Increases Land Position at Newly Acquired Dominion Project 21 km North-Northeast of Calibre’s Marathon Mine with Second Purchase Agreement
A second purchase agreement, subject to regulatory approval, has been signed with Puddle Pond Resources Inc. for 6 licences totalling 67 units in the Tulks Volcanic Belt, for $10,000 cash and 300,000 shares and a 100% interest subject to a 2% NSR, 1% purchasable for $1.0 million. The June 5 acquisition added 4 licences totalling 31 units for $15,000 cash and 200,000 shares on the same royalty terms. Prospecting at the Dominion project returned grab samples up to 14.6% Zn, 2.53% Cu, 68.7 g/t Ag and 6.41 g/t Au.
AcquisitionBenton Discovers High-Grade Massive Sulphide and Gold at Dominion Lake, Expands Project Near Calibre’s Marathon Mine
Prospecting at the Dominion Lake project in Newfoundland identified the new Trinity Zone, 3.5 km SSE of the Daniel's Pond VMS Deposit, with grab samples assaying up to 14.60% Zn, 2.53% Cu, 68.70 g/t Ag, 1.31% Pb and 0.17 g/t Au. The Rickirb gold discovery was extended 100 m NNE, with grabs up to 6.41 g/t Au, and a second gold area 7.7 km SW returned up to 6.00 g/t Au. Benton also signed a property purchase agreement for $15,000 cash and 200,000 shares for a 100% interest subject to a 2% NSR, 1% purchasable for $1 million.
Drill resultsBenton Makes New Gold Discovery of 2.15g/t Over 7.70 m including 5.46g/t over 2.75 m and Cuts Several Zones of Copper-Rich Semi-Massive and Massive Sulphides at Great Burnt Main Zone and Footwall Zone
Drill hole GB-25-63 at the Great Burnt Copper-Gold Project in central Newfoundland returned 2.15 g/t gold over 7.70 m, including 5.46 g/t over 2.75 m, from a new zone about 150 m north of the Great Burnt Copper deposit, with base metal assays pending. Hole GB-25-65 intersected massive sulphide in the Main Zone and semi-massive sulphide over 1.8 m in the Footwall Zone. Phase 5 drilling totals 5,090 m, with 357 samples submitted and drilling paused pending results. Benton holds 70%, Homeland Nickel 30%.
Drill resultsBenton Resumes Drilling at Great Burnt and Plans Expansion of the Surface Deep Electro Magnetic Survey a Further 1 km to the Northern Claim Boundary at South Pond
Diamond drilling has recommenced at the Great Burnt Copper-Gold project in central Newfoundland, with hole GB-25-61 testing 50 m below the new discovery under the North Stringer Zone in hole GB-25-59, which returned 0.69% Cu over 14.40 m and 0.80% Cu over 15.00 m. Four holes will target an off-hole EM anomaly, plus a 50 m step-out testing the GB Main Deposit down-plunge. A completed 5 km surface pulse EM survey at South Pond will be extended 1 km to the northern claim boundary. Benton holds 70%, Homeland Nickel 30%.
Drill resultsBenton Resources Inc. Spins-out Shares of Vinland Lithium Inc.
Shareholders approved a special resolution at the March 21, 2025 annual meeting to reorganize Benton's share capital and spin out approximately 2 million of its 4 million common shares of Vinland Lithium Inc., holder of the Killick lithium project in Newfoundland. The TSX Venture Exchange has approved the listing of Vinland's approximately 10 million issued shares, with roughly 40% going to Benton and Sokoman shareholders at about 50 Vinland shares per 5,000 Benton shares. Distribution is expected on or around April 30, 2025.
Acquisition
202428 releases
Benton Closes $1.026 Million Non-Brokered Flow-Through Financing
A non-brokered private placement has closed, with 9,326,571 Charity Flow-through Units issued at $0.11 per unit for gross proceeds of $1,025,923, arranged with Wealth Creation Preservation & Donation Inc. Each unit includes one flow-through common share and one-half warrant exercisable at $0.11 for 36 months; cash finders' fees of $33,172 and 473,880 finders' warrants were paid. Proceeds will fund Canadian exploration expenses on or before December 31, 2025, renounced to subscribers effective December 31, 2024, advancing Benton's exploration projects.
FinancingBenton Recommences Drilling at Great Burnt Copper Deposit, Extends South Pond Gold-Copper Zone to 2.3 km, and Discovers New Sulphide Zone 1 km South of South Pond
Drilling has restarted at the Great Burnt Copper Deposit in central Newfoundland to test off-hole EM conductors parallel to the main horizon and below hole GB 24-48, which if successful could extend strike length to 1,050 m from 850 m. The South Pond Gold-Copper Zone has been extended to over 2.3 km strike, with SP-24-28 returning 1.00 g/t Au over 27.4 m and SP-24-30 returning 2.07 g/t Au over 8.00 m. A new semi-massive sulphide zone was intersected 1 km south of South Pond, with assays pending, and a further 15,000 m of drilling is planned into 2025. Benton holds 70% of the project, with Homeland Nickel holding 30%.
Drill resultsBenton Discovers New Gold Horizon 21 km North-Northeast of Calibre’s Marathon Deposit and Options Additional Ground
Prospecting at the 100%-owned Dominion Lake Gold-Base Metal Project in the northern Tulks Volcanic Belt, Newfoundland, identified the new Rickirb Zone, a 50 m wide sheared zone in contact with a >12.0 m wide quartz-flooded and silicified zone traced intermittently for about 120 m, with grades up to 4.6 g/t gold; 7 of 30 grab samples exceeded 0.5 g/t Au. The zone lies 21 km north-northeast of Calibre Mining's Marathon Deposit. Benton also optioned mineral licences from prospector Herbert Froude for staged payments totalling $54,000 and 440,000 shares over four years, with a 2% NSR retained, half buyable for $500,000.
Drill resultsBenton Identifies Deep Electro-Magnetic Anomaly on the Great Burnt Copper Deposit and Continues to Intersect Significant Gold in Drilling at South Pond
An off-hole electromagnetic conductor was identified below hole GB 24-48 at the Great Burnt Copper Deposit in central Newfoundland, which if drilled successfully could extend strike length from 850 m to 1,050 m. Drilling extended the South Pond Gold Zone to over 1.7 km, with highlights of 19.75 m at 1.42 g/t Au in SP 24-13, 22.50 m at 1.24 g/t Au in SP 24-15, and 3.00 m at 6.42 g/t Au including 1.00 m at 15.72 g/t Au in SP 24-23. A 15,000 m drill program is planned for 2024-2025.
Drill resultsBenton Resources Inc. to Seek Shareholders Approval to Spin-out Shares of Vinland Lithium Inc.
Shareholders will vote on a special resolution, requiring two-thirds of votes cast, to reorganize Benton's share capital and spin out approximately 2 million of its 4 million shares of Vinland Lithium Inc., holder of the Killick lithium project in Newfoundland. The annual and special meeting is set for January 8, 2025 in Vancouver, though the date is likely to change due to the Canadian postal strike. Sokoman Minerals will concurrently seek approval for a similar 2 million share spin-out, and the TSX Venture Exchange has conditionally agreed to list Vinland's approximately 10 million shares.
AcquisitionBenton Continues to Drill Wide Intervals of Significant Gold at South Pond Extending Strike Length 600 m South
Drilling has extended the South Pond Gold Zone at the Great Burnt Copper-Gold project in south-central Newfoundland 600 m to the south, with hole SP-24-09 returning 1.48 g/t Au over 24.00 m, including 3.09 g/t Au over 2.00 m, and SP-24-10 cutting 1.04 g/t Au over 20.00 m and 1.54 g/t Au over 25.00 m, including 5.74 g/t Au over 1.00 m. A total of 30 holes over 3,380 m have been completed, and the program is paused pending further assays. Benton holds 70% of the project, with Homeland Nickel holding 30%.
Drill resultsBenton Encouraged By Clean Air Metals Latest Drill Results And Advancement Plans; Provides Great Burnt Update and Grants Options
Benton commented on Clean Air Metals' September 10, 2024 drill results at the Thunder Bay North project, which included 51.79 m of 4.92 g/t platinum, 4.66 g/t palladium, 1.07% copper and 0.55% nickel from 86 m in hole CL24-001, and 31.40 m of 4.22 g/t Pt, 4.04 g/t Pd, 0.95% Cu and 0.56% Ni from 118 m in CL24-003. Benton holds about 24.6 million Clean Air shares and 0.5% NSR royalties on Escape Lake and parts of Current Lake. At Great Burnt, Newfoundland, four Phase 4 drill holes are complete with a fifth underway and over 300 samples submitted. The board approved 3.75 million stock options at $0.12 for five years.
Drill resultsBenton Expands The Great Burnt Copper Deposit Down Plunge Through Recent Drilling Results from Phase 3 Exploration
Phase 3 drill results from the Great Burnt project in central Newfoundland include 12.30 metres of 1.72% Cu and 5.55 g/t Ag in hole GB-24-45, and 1.00 m of 6.12% Cu and 11.30 g/t Ag in hole GB-24-41, extending the deposit down plunge and along strike to the south. A phase four program has begun, with the first hole 200 m further south targeting the deposit about 450 m below surface. Twelve holes are planned at South Pond along a 2.7 km trend.
Drill resultsBenton Stakes Strategic Land at Great Burnt and Provides Exploration Update - Channel Sample Assays 3.79 g/t Gold, 0.68% Copper & 4.10 g/t Silver Over 5.10 m at South Pond
Channel sampling at the South Pond deposit on the Great Burnt project in central Newfoundland returned 3.78 g/t gold, 0.68% copper and 4.10 g/t silver over 5.10 m, including 9.91 g/t Au, 1.60% Cu and 5.50 g/t Ag. Benton also staked a 100% interest in 8 claim units about 1.2 km south of the Great Burnt Copper Deposit, where mapping identified quartz stockwork and veins with galena, sphalerite and chalcopyrite; assays are pending. Drilling resumes this week, including deeper holes extending 200 m down plunge at Great Burnt.
Drill resultsBENTON RESOURCES INC. ANNOUNCES C$3,600,300 “BEST EFFORTS” PRIVATE PLACEMENT OF FLOW-THROUGH UNITS”
A best efforts private placement of up to 21,820,000 flow-through units at C$0.165 each for gross proceeds of up to C$3,600,300 has been agreed with Haywood Securities as lead agent and sole bookrunner. Each unit includes one flow-through share and half a warrant exercisable at C$0.250 for 24 months, with an agents' option for a further 20%. Proceeds will fund Canadian exploration expenses renounced on or before December 31, 2024, with closing expected around August 8, 2024.
FinancingBenton Advises Homeland Nickel That it Has Completed Earn-In for 70% Interest in Great Burnt; Releases Further Phase 3 Drill Results That Continue To Expand The Great Burnt Copper Deposit Down Plunge
Benton Resources has fulfilled the $2.5 million exploration expenditure requirement under its September 20, 2023 option agreement with Homeland Nickel, vesting a 70% interest in the Great Burnt copper project in central Newfoundland; drilling is temporarily paused pending Homeland's formal acceptance of expenditures and its decision on participating at a 30% joint venture level. Assays from the first three Phase 3 holes extend the deposit down plunge and along strike to the south, with zinc, silver, cobalt and gold also reported. The company has completed 3,840 m in ten holes.
AcquisitionBenton Continues to Expand the Great Burnt Copper Deposit, Discovers New Copper-Gold Zone and Identifies New 2 km Long Gold In Soil Anomaly
Phase 3 drilling at the Great Burnt copper-gold project in central Newfoundland has expanded the deposit approximately 150 m down plunge and along strike to the south, with 3,840 m completed in 10 holes and 7 holes intersecting massive sulphide, including an 11.5 m intercept in GB-24-45. Preliminary gold assays from trenching at South Pond returned grab samples up to 9.91 gpt Au and 5.19 gpt Au, with base metal results pending. Soil sampling identified a new 2 km long anomalous gold trend.
Drill resultsBenton Advised that Killick Lithium Project Announces Academic Research Partnership with Research Grants Awarded Totaling $1.32 Million over 3 years
NSERC grants totalling $1.322 million have been awarded for a three-year research project, "The origin of lithium resources in Southern Newfoundland," which began April 1, 2024, at the Killick Lithium Property in southern Newfoundland. The property is jointly owned by Benton Resources, Sokoman Minerals and Piedmont Lithium through Vinland Lithium Inc. Research is led by St. Francis Xavier University and Memorial University of Newfoundland, with participation from the Geological Survey of Newfoundland and Labrador and the project partners.
CorporateBenton Cuts Massive Sulphides in First Two Holes Expanding The Great Burnt Copper Deposit and Exposes Excellent Copper Mineralization in Trenching At South Pond 15km North
The Phase 3 diamond drill program at the Great Burnt copper project in central Newfoundland has completed two holes and started a third, targeting updip geophysical anomalies identified by a down-hole Pulse EM survey. Hole GB 24-38 intersected 3.00 m of semi-massive/massive sulphides about 16 m above GB 24-34, while GB 24-39 cut 9.00 m of semi-massive/massive sulphides with visual chalcopyrite about 46 m above GB 24-34. Trenching has also begun at South Pond, 15 km north, ahead of drilling later this summer.
Drill resultsBenton Mobilizes Crews to Commence Regional Exploration and Prepares for Phase 3 Drill Program at Great Burnt Copper-Gold Project, Newfoundland
A field crew has been mobilized to open the Great Burnt camp and begin regional prospecting and soil geochemical sampling at the Great Burnt copper-gold project in central Newfoundland. Benton has signed a minimum 3,000 m drill contract with MCL Drilling of Deer Lake, NL, with crews expected in late May to start the Phase 3 program, which includes trenching and channel sampling plus drilling at the Great Burnt Main and South Pond deposits. The company says it is funded for up to 15,000 m of drilling.
Drill resultsBenton Executes Agreements to Secure Additional Strategic Land Packages at the Great Burnt Copper-Gold Project in Newfoundland and Provides Update
Two agreements have been signed to acquire a 100% interest in six mineral licences covering 52 claim units adjacent to or within Benton's claim block at the Great Burnt Copper-Gold Project in Newfoundland. Four licences are optioned from Stephen Stockley Agriculture and Fabrication Inc. and partners for $40,000 and 400,000 shares over three years plus $100,000 in exploration expenditures, and two from prospector Mervin Quinlan for $12,000 and 100,000 shares. Both packages carry 2% NSRs, half buyable for $1 million each.
AcquisitionBenton Drills 7.25% Cu over 4.50 m including 18.65% Cu over 1.10 m at Great Burnt Copper Deposit; Appoints Alan King as Advisor to the Company and Provides Update
Infill drilling at the Great Burnt Copper Deposit in central Newfoundland returned 1.99% Cu over 18.10 m in GB-24-37, including 7.25% Cu over 4.50 m and 18.65% Cu over 1.10 m, while GB-24-36 cut 1.28% Cu over 13.34 m, including 3.17% over 1.50 m. Down-hole geophysics identified a conductive anomaly south of hole GB-24-34, selected for the next drill phase. Alan King was appointed to the advisory board with 150,000 options at $0.20. The company closed a non-brokered private placement of 15,755,334 units at $0.15 for gross proceeds of $2,363,300.
Drill resultsBenton Files for Exchange Approval for Non-Brokered Private Placement Financing
Documents have been filed with the TSX Venture Exchange seeking final approval for Benton Resources' previously announced non-brokered private placement of flow-through and non-flow-through units. On approval, the company will issue 15,755,334 units at $0.15 per unit, each with half a warrant exercisable at $0.22 for 24 months, for gross proceeds of $2,363,300, plus $132,213 in cash finders' fees and 881,420 finders' warrants. Proceeds will advance the Great Burnt Copper-Gold project in Newfoundland and working capital.
FinancingBenton Drilling Expands Great Burnt Copper Deposit, Arranges $3 Million Private Placement
Drilling at the Great Burnt copper project in central Newfoundland extended the deposit 50 m down plunge, with GB-24-34 returning 1.75% Cu and 0.81% Zn over 5.00 m, including 4.02% Cu and 1.68% Zn over 1.00 m. Infill holes returned 2.26% Cu and 0.37% Zn over 20.92 m (GB-24-33), 3.10% Cu and 0.28% Zn over 11.29 m (GB-24-32) and 2.02% Cu over 7.00 m (GB-24-23). A non-brokered private placement of up to $3 million at $0.15 per unit, with half-warrants exercisable at $0.22 for 24 months, is subject to regulatory approval.
Drill resultsBenton Completes Phase 2 Drill Program and Mobilizes Down-Hole Geophysical Crew to Delineate Electro-Magnetic Targets for Phase 3 Program at Great Burnt Copper Deposit, Newfoundland
A Phase 2 drill program of 15 holes totalling 3,260 m has been completed at the Great Burnt Project in central Newfoundland, with assay results pending. The program expanded the deposit 50 m down plunge and along strike to the south, with most holes intersecting stringer, semi-massive and/or massive sulphide over 0.5 m to 17.75 m. Eastern Geophysics has been engaged for a Crone downhole pulse electromagnetic survey on 7 holes, ahead of a Phase 3 program starting May–June.
Drill resultsBenton Intersects Massive Sulphides Down Plunge and Along Strike at Great Burnt Copper Deposit
Drilling has extended the Great Burnt copper deposit in south-central Newfoundland a further 50 m down plunge and along strike to the south. The Phase 2 program comprises 12 holes for 2,630 m, with stringer, semi-massive and massive sulphide intersections from 0.5 m to 17.75 m, including a 4.1 m massive sulphide zone in hole GB-24-34, the deepest and most southerly hole drilled in the deposit. An undercut hole is underway and assays are pending.
Drill resultsBenton Commences Phase 2 Drilling at the Great Burnt Copper-Gold Project and Considers Options for the High-Grade Uranium Discovery at Kepenkeck Joint Venture
Phase 2 diamond drilling has begun at the Great Burnt copper-gold project in central Newfoundland, with a minimum 3,000 m planned to test the down-dip and down-plunge extensions of hole GB-23-12, which cut 25.42 m grading 5.51% Cu, and to expand and infill the Great Burnt Main deposit. Benton and joint venture partner Sokoman Minerals are also considering options, including optioning or selling, for the Kepenkeck uranium discovery, where five samples graded 0.06% to 1.86% U3O8.
Drill resultsBenton Resources to Attend PDAC 2024 and Present at the Canada’s Atlantic Edge Event on March 5
Benton Resources will attend the PDAC conference on March 3-6, 2024 in Toronto, with representatives at Booth 3111 (Core Shack) and 2117 (Investors Exchange) at the Metro Toronto Convention Centre. President and CEO Stephen Stares will present at 2:10 pm ET on Tuesday, March 5, 2024 at the Canada's Atlantic Edge event organized by the Atlantic Canada Mining Alliance, held at the Intercontinental Hotel. Registration for the event is free.
CorporateBenton Mobilizes Crews for Phase 2 Drill Program at Great Burnt Copper-Gold Project in Newfoundland
Crews have mobilized to the Great Burnt camp in central Newfoundland to prepare sites for winter 2024 diamond drilling, with drill crews expected to arrive early this week. The Phase 2 program will consist of a minimum of 3,000 m of drilling targeting expansion and infill of the Great Burnt Main deposit. Phase 1 covered over 5,650 metres, with results including 26.87 m of 7.18% Cu in GB23-04 and 24 m of 5.81% Cu in GB23-21.
Drill resultsBenton Receives Further High-Grade Copper Results Including 5.81% Cu over 24.00 m at Great Burnt Project in Newfoundland
Assays from the final five holes of the Phase 1 program at the Great Burnt copper deposit in south-central Newfoundland returned 5.81% Cu over 24.00 m, including 11.47% Cu over 7.00 m, in hole GB-23-21; other results include 3.59% Cu over 21.68 m (GB-23-22), 3.05% Cu over 17.12 m (GB-23-20) and 4.22% Cu over 8.17 m (GB-23-18). The Phase 1 program totalled over 5,650 metres, and Phase 2 drilling is planned to commence this winter.
Drill resultsBenton's Prospecting and Trenching Program Returns More High-Grade Copper and Gold Results within the Great Burnt Project; Engages Grove for Investor Relations Services
A second batch of trenching and prospecting samples from the Great Burnt Copper-Gold Project in Newfoundland returned grab samples grading up to 4.35% copper, 0.37 gpt gold and 0.03% cobalt at the North Stringer Zone, about 0.5 km north of the Great Burnt Main Zone, and up to 0.14% copper, 3.71 gpt gold and 0.01% cobalt at Trench 13. Benton also engaged Grove Corporate Services for investor relations at $6,000 per month for an initial six-month term, subject to TSXV approval.
Drill resultsBenton's Great Burnt Returns Further High-Grade Intercepts Including 5.03% Cu Over 22.59m in Hole 23-15
Drilling at the Great Burnt Copper deposit in south-central Newfoundland returned 5.03% copper over 22.59m, including 8.79% over 6.03m, in hole GB-23-15, and 5.80% copper over 13.67m, including 13.58% copper over 5.35m, in GB-23-16. Both holes were drilled in a gap in the lower central portion of the known historical resource area. GB-23-17, about 50m north of GB-23-15, hit moderate grades over three smaller sections; assays for GB-23-18 are pending.
Drill resultsBenton Intersects 5.51% Copper over 25.42m Including 8.31% over 9.78m in GB-23-12 at Great Burnt
Drill hole GB-23-12 at the Great Burnt Copper deposit in south-central Newfoundland returned 5.51% Cu over 25.42m, including 8.31% Cu over 9.78m, with one 1.00m interval grading 8.77% Cu, 4.43 g/t Au, 82.00 g/t Ag and 1.12% Zn. It is the deepest high-grade intersection on the deposit to date. Holes GB-23-13 and GB-23-14 also cut the copper-rich zone, interpreted as up-dip and down-dip extensions of the lens, which remains open.
Drill results
202326 releases
Benton Closes $1.56 Million Non-Brokered Premium Flow-Through Financing with Investment by Eric Sprott
A non-brokered private placement of 6,250,000 charity flow-through units at $0.25 per unit closed for gross proceeds of $1,562,500, arranged with Wealth Creation Preservation & Donation Inc. Each unit includes one common share and half a warrant exercisable at $0.25 for 36 months. Eric Sprott acquired the 6,250,000 units as back-end buyer for $1,000,000 through 2176423 Ontario Ltd. Finders' fees of $12,000 and 150,000 finders' warrants were paid. Proceeds fund Canadian exploration expenses by December 31, 2024.
FinancingBenton Expands the Great Burnt Copper Deposit with Three New Drill Holes, Including One Intersection of 18.18m Grading 3.07% Copper
Three additional drill holes at the Great Burnt copper deposit in south-central Newfoundland extended the deposit up dip and along strike. GB-23-10 returned 2.38% Cu over 24.17m, including 3.07% Cu over 18.18m, 4.00% Cu over 7.57m and 8.23% Cu over 1.00m; GB-23-09 returned 3.46% Cu over 8.16m, including 9.59% Cu over 1.00m; and GB-23-11 returned 1.88% Cu over 15.71m. The holes complete the Phase 1 program, with a winter exploration program planned.
Drill resultsBenton Intersects 12.30m of 7.20% Copper in Latest Drill Assays at Great Burnt
Drill hole GB-23-07 at the Great Burnt Copper deposit in south-central Newfoundland intersected 12.30m grading 7.20% copper, 7.12 g/t silver and 0.05% cobalt, among three additional holes (GB-23-06 to GB-23-08) reported from the completed 5,651m drill program. Reported intervals are core lengths, estimated at about 95% of true width for holes GB-23-11 to 14 and about 70% for the others. Benton is planning a winter program to expand the deposit down dip and down plunge, where it remains open.
Drill resultsBenton To Receive $300,000 Share Payment From Renegade Gold For The Panama Lake Gold Project In The Red Lake Mining Camp
Renegade Gold will issue Benton 769,230 common shares at a deemed price of $0.39 per share in lieu of a $300,000 cash payment owed under an October 22, 2019 option agreement covering the Panama Lake Gold Project in Ontario's Red Lake camp. The payment relates to the Third Option, under which Renegade could acquire the remaining 30% interest for 100% ownership; Benton retains a 2% net smelter royalty. The shares are subject to TSX Venture Exchange approval and a four month hold period.
NewsBenton Completes 2023 Drilling With All Holes Intersecting Semi-Massive/Massive Sulphides at Great Burnt
Phase 1 drilling at the Great Burnt Copper deposit in south-central Newfoundland has concluded with 5,651 m completed in 22 diamond drill holes, all intersecting stringer, semi-massive and massive sulphides. Previously released results include 8.31% Cu over 13.0 m in GB-23-02 and 7.18% Cu over 26.87 m in GB-23-04. The program was expanded from an initially planned 2,000 m, with the next drill phase planned for winter 2024. Prospecting and soil geochemical samples north of the deposit await analysis.
Drill resultsBenton Announces $1.56 Million Non-Brokered Premium Flow-Through Financing with Investment by Eric Sprott
A non-brokered charity flow-through private placement of 6,250,000 FT Units at $0.25 per unit for gross proceeds of $1,562,500 has been arranged with Wealth Creation Preservation & Donation Inc. and Eric Sprott, who will acquire the 6,250,000 units for total consideration of $1,000,000 through 2176423 Ontario Ltd. Each unit includes one common share and one-half warrant exercisable at $0.25 for 36 months. Closing is expected on or before December 15, 2023, subject to TSX Venture Exchange approval. Proceeds will fund Benton's remaining exploration commitment to vest its 70% interest in Great Burnt, and other exploration projects.
FinancingPiedmont Lithium Exercises Initial Earn-In Right For Interest in Killick Lithium; Issues $1 Million in Shares Each to Benton and Sokoman
Piedmont Lithium has given formal notice exercising its Initial Earn-In Right to acquire a 16.35% voting and participating interest in Killick Lithium Inc., issuing Benton Resources and Sokoman Minerals 26,099 Piedmont shares each, an aggregate subscription price of CAD$2.0M based on Piedmont's ten-day VWAP. Piedmont will also fund at least CAD$6.0M of work expenditures within 30 months, bringing its combined direct and indirect interest in Killick to approximately 33%, with an option to earn up to 62.5% by spending CAD$12.0M.
AcquisitionBenton Drills 26.87m of 7.18% Cu, Including 10.28m of 11.16% Cu at Great Burnt
Hole GB-23-04 at the Great Burnt Copper Deposit in Newfoundland returned 26.87m grading 7.18% Cu, including 10.28m grading 11.16% Cu, while holes GB-23-03 and GB-23-05, drilled up dip from historic holes, also intersected the copper-rich zone. The ongoing program has completed 4,906m in 18 holes, all intersecting stringer, semi-massive and massive sulphides. Assays also returned cobalt values, including for previously reported holes GB-23-01 and GB-23-02. GB-23-05, a twin of historic hole GB85, showed a higher copper grade.
Drill resultsBenton’s Prospecting and Trenching Program Returns High-Grade Copper and Gold Results at the South Pond Zone within the Great Burnt Project
Trenching and prospecting at the Great Burnt Copper-Gold Project in Newfoundland returned grab samples from three zones about 14km north of the Great Burnt Main Zone, including 5.51% copper, 5.03g/t gold, 14.6g/t silver and 0.076% cobalt in Zone 1; 2.74% copper with 6.34g/t gold in Zone 2; and 1.64% copper with 5.92g/t gold in Zone 3. Additional samples graded up to 1.26% copper along a 4.0km trend. Benton increased its drill program from 4,000m to a minimum of 5,000m.
Drill resultsBenton Continues to Intersect Copper-Rich Semi-Massive/Massive Sulphides in Drilling, up to 25.42m Thick at Great Burnt
Drilling at the Great Burnt Copper Gold Project in Newfoundland has reached 4,213m in 15 holes, all intersecting semi-massive and massive sulphides with chalcopyrite mineralization, including intervals up to 25.42m thick. Holes GB-23-12 through GB-23-15 were summarized, following earlier assays of 4.13% Cu over 3.25m and 8.01% Cu over 4.30m (GB-23-01) and 8.31% Cu over 13.0m (GB-23-02). Prospecting and soil geochemical sampling continue north of the Main Deposit.
Drill resultsBenton and Sokoman Receive Explorer of the Year Award for the Killick/Kraken Lithium Project from the Canadian Institute of Mining, Metallurgy and Petroleum Newfoundland and Labrador Branch
Benton Resources and Sokoman Minerals received the Explorer of the Year award from the Newfoundland and Labrador branch of the Canadian Institute of Mining, Metallurgy and Petroleum for their Killick/Kraken lithium discovery (formerly the Golden Hope property), which has returned drill results including 1.22% Li2O over 13.37 m in GH-23-45 and 1.04% Li2O over 15.23 m in GH-22-27. The release also corrects the October 30, 2023 disclosure: the $30,000 payment and 300,000 shares to Stephen Stockley Agriculture and Fabrication Inc. are due on the third anniversary, not the first.
CorporateBenton Hits Multiple High Grade Copper Zones In First Two Holes Including 8.31% Cu over 13m and Continues To Intersect Copper-Rich Massive Sulphides In Drilling At Great Burnt 
Partial assays from the first drilling at the Great Burnt Copper Gold project in Newfoundland returned 4.13% Cu over 3.25m from 69.05m and 8.01% Cu over 4.30m from 82.8m in GB-23-01, and 8.31% Cu over 13.0m from 161.89m in GB-23-02, including 17.20% Cu over 1.00m. All 11 holes drilled to date intersected semi-massive to massive sulphides with chalcopyrite over roughly 350m of strike, and the drill program is being expanded to a minimum of 4,000m.
Drill resultsBenton Clarifies Option Terms of Recently Acquired Highly Strategic Land Position Around The South Pond Deposits In The Northern Portion Of The Great Burnt Copper-Gold Project
Option terms were detailed for the acquisition of a 100% interest in a 27-claim-unit mineral license surrounding the South Pond, South Pond A and South Pond B deposits in the northern portion of the Great Burnt Copper-Gold Project, optioned from Stephen Stockley Agriculture and Fabrication Inc. Consideration includes $10,000 and 100,000 shares on regulatory approval, $10,000 and 100,000 shares on each of the first and second anniversaries, $30,000 and 300,000 shares on the first anniversary, and $100,000 in expenditures by the third anniversary. SSAF retains a 2% NSR, half buyable for $1 million. Subject to TSX Venture Exchange approval.
AcquisitionBenton Acquires Highly Strategic Land Position Around The South Pond Deposits In The Northern Portion Of The Great Burnt Copper-Gold Project and Continues To Intersect Copper-Rich Massive Sulfides In Drilling
An option agreement was signed to acquire a 100% interest in a mineral licence covering 27 claim units surrounding the South Pond, South Pond A and South Pond B deposits in the northern part of the Great Burnt Copper-Gold Project in Newfoundland, optioned from Stephen Stockley Agriculture and Fabrication Inc. Drilling at Great Burnt Main has totalled 2,236 m in 9 holes over a 295 m strike length, with all holes intersecting semi-massive to massive sulphides containing chalcopyrite, including 16.6 m combined in GB-23-04 and 12.91 m in GB-23-02.
AcquisitionBenton Resources Announces Grant of Stock Options
The Board has approved the grant of 2.25 million incentive stock options to directors, officers, employees, advisors and consultants at an exercise price of $0.07, exercisable for five years from the date of grant. The grant is subject to regulatory approval, and the options are subject to vesting provisions in the Company's stock option plan.
CorporatePiedmont Lithium Inc. Enters into Definitive Agreements with Benton and Sokoman to Acquire an Interest in the Killick Lithium Project
Definitive agreements have been signed with Piedmont Lithium Inc. allowing Piedmont to earn up to a 70% direct and indirect interest in the Golden Hope project in southwestern Newfoundland, to be renamed the Killick Lithium Project. Benton and Sokoman transferred the project to Vinland Lithium Inc. and subsidiary Killick Lithium Inc.; Piedmont subscribed CAD$2.0M at CAD$1.00 per share for 19.9% of Vinland. Piedmont may earn a 62.5% direct interest in Killick by spending CAD$12.0M and paying up to CAD$10.0M in Piedmont shares, with Benton and Sokoman retaining a 2% royalty.
AcquisitionBenton and Sokoman Report Latest Results at Golden Hope JV - Southwestern Newfoundland
Phase 4 drilling at the Kraken lithium dyke swarm on the Golden Hope JV in southwestern Newfoundland, held 50/50 by Benton and Sokoman, intersected a new Killick East dyke in holes GH-23-47, GH-23-56 and GH-23-59 over a 100 m strike length, with up to 1.54 m at 0.68% Li2O in GH-23-56; 10,095 m has been drilled in four phases. Six holes (522 m) at the Hydra prospect returned 13.55 m at 0.14% Cs2O from 4.85 m, including 1.22 m at 0.51% Cs2O. A Phase 5 program is planned for late September or early fall 2023.
NewsBenton Receives Conditional Regulatory Approval for Great Burnt Copper-Gold Option and Expands Disclosure of Outstanding Net Smelter Returns
TSX Venture Exchange conditional approval has been received for Benton's option to earn a 70% undivided interest in Spruce Ridge Resources' Newfoundland properties, including the Great Burnt Copper deposit and South Pond gold and copper zones, pending disclosure of outstanding net smelter returns. Existing royalties include a 2% NSR to Glencore on mining lease ML211 and part of Exploration Licence 21732M, plus a $1,000,000 payment on commercial production, and Pavey Ark royalties of 0.5% and 2%. Benton must pay $40,000 cash, issue 15 million shares and spend $2.5 million on exploration within 36 months.
AcquisitionBenton Options Great Burnt Copper-Gold Deposits from Spruce Ridge Resources in Newfoundland
A binding letter of intent signed August 15, 2023 with Spruce Ridge Resources lets Benton earn an undivided 70% interest in Spruce's Newfoundland properties, including the Great Burnt Copper deposit and South Pond Gold and Copper zones. Terms are a $40,000 cash payment on Exchange approval, 15 million Benton shares in three 5,000,000-share tranches with staged trading restrictions, and $2.5 million in exploration spending within 36 months, including $1.0 million in year one. The Great Burnt Main Zone hosts 667,000 tonnes at 3.21% Cu indicated and 482,000 tonnes at 2.35% Cu inferred.
AcquisitionBenton and Sokoman Intersect 1.22% Li2O over 13.37 m at the Killick Zone and Mobilize Second Drill to Golden Hope JV - Southwest Newfoundland
Drilling at the Killick Zone on the 50-50 Golden Hope JV in southwest Newfoundland returned 1.22% Li2O over 13.37 m in GH-23-45, plus 0.81% Li2O over 21.00 m and 0.99% Li2O over 10.16 m in GH-23-46, with assays received for 11 of 19 holes totalling about 3,500 m. A second diamond drill has been mobilized to test the Hydra cesium/lithium/tantalum target 10 km northeast, where a 1.2 m 2022 channel sample graded 8.76% Cs2O, 0.41% Li2O, 0.025% Ta2O5 and 0.33% Rb2O.
Drill resultsBenton and Sokoman Provide Exploration Update on Li / Cs Exploration Golden Hope JV - Southwestern Newfoundland
Ten holes totalling 1,400 m have been completed at the Killick Dyke zone on the 50/50 Golden Hope lithium-cesium joint venture with Sokoman Minerals in southwestern Newfoundland, with all ten intersecting spodumene-bearing dykes from less than a metre to over 20 m thick. A second diamond drill will be mobilized to test the Hydra cesium/lithium/tantalum target 10 km northeast, where a 2022 1.2 m channel sample graded 8.76% Cs2O, 0.41% Li2O, 0.025% Ta2O5 and 0.33% Rb2O. Soil sampling near Hydra returned 5 to 996 ppm Li and 5 to 141 ppm Ta. The 5,000 m drill program is expected to finish before end of summer.
Drill resultsBenton and Sokoman Announce Start of 2023 Drilling Program at the Kraken Lithium and Hydra Cesium Discoveries in Southwestern Newfoundland
A minimum 5,000 metre drilling program has begun on the 50-50 Golden Hope Joint Venture with Sokoman Minerals in southwestern Newfoundland, starting at the Killick Zone of the Kraken Lithium Pegmatite Field. Prior holes returned 1.04% Li2O over 15.23 m, including 4.18 m of 1.48% Li2O, in GH-22-27, and 9.50 m of 1.08% Li2O in GH-22-26. Select holes will test the Hydra Dyke, 12 km northeast, where a 1.2 m channel sample returned 8.76% Cs2O. The lithium and cesium programs are permitted and funded with a $3 to $4 million budget.
Drill resultsBenton and Sokoman Announce Exploration Update for Kraken Lithium and Hydra Cesium Discoveries in Southwestern Newfoundland
Camp and exploration permits have been renewed and drilling permits received for the 50-50 Golden Hope JV in southwestern Newfoundland, held with Sokoman Minerals, allowing a fourth-phase drill program of at least 5,000 metres expected to begin within the next few weeks, plus prospecting, soil sampling and mapping. Prior drilling at the Kraken Lithium Pegmatite Field returned 1.04% Li2O over 15.23 m in GH-22-27, while channel sampling at the Hydra Dyke, 12 km northeast, returned 8.76% Cs2O over 1.20 m.
Drill resultsBenton and Sokoman Report Kraken Lithium Discovery Best Drill Intercepts to Date
Final assays from the Phase 3 drill program at the Golden Hope joint venture in Newfoundland, totalling 1,607 m in 11 holes, returned the project's best lithium results to date at the Killick Zone: GH-22-27 cut 15.23 m of 1.04% Li2O, including 4.18 m of 1.48% Li2O; GH-22-26 returned 9.5 m of 1.08% Li2O; and GH-22-25 returned 14.74 m of 0.64% Li2O. Soil geochemistry extended anomalous lithium at least 2,000 m northeast of Killick. A minimum 5,000 m Phase 4 program is planned for early spring.
Drill resultsBenton and Sokoman Announce Updates on Newfoundland Joint Venture Projects Golden Hope and Grey River
Final channel sampling from the newly discovered Hydra cesium dyke at the Golden Hope joint venture in southwestern Newfoundland returned five samples grading 0.264% to 8.76% Cs2O over lengths of 1.2 m to 4.0 m, including 0.40 m at 13.57% Cs2O, with associated lithium, tantalum and rubidium. The 5–6 m wide dyke has been traced 100 m along strike. Assays from 11 holes (1,606 m) at Kraken are due in three to four weeks, and a minimum 5,000 m program is planned. At Grey River, the 14-hole, 3,350 m Phase 2 program returned gold mineralization in 19 holes over 6.9 km of strike, with grades up to 50.13 g/t Au. Benton and Sokoman each hold 50%.
CorporateBenton Receives $100,000 Option Payment from Rio Tinto Exploration for Baril Lake West Project
A final option payment of CAD$100,000 has been received from Rio Tinto Exploration Canada for the Baril Lake West project in Ontario, under the Option to Purchase Agreement dated December 21, 2018. RTEC has now earned the right to acquire 100% of the project, and would pay Benton an additional CAD$1,000,000 in cash upon achieving commercial production. Benton retains a 2% NSR royalty, half of which RTEC can purchase for CAD$1,000,000.
Financing
202218 releases
Benton Files for TSX-V Approval to Close Non-Brokered Private Placement of Flow-Through and Non-Flow-Through Financing
Documents have been filed for TSX Venture Exchange approval to close a previously announced non-brokered private placement for gross aggregate proceeds of $1,376,623. On approval, Benton will issue 8,358,022 flow-through units at 14 cents, each with one flow-through share and half a warrant, and 1,720,123 non-flow-through units at 12 cents, each with one share and one full warrant; warrants are exercisable at 20 cents for 18 months. Finders' fees will be paid in cash and broker warrants, with a four-month-and-one-day hold period. Proceeds will advance exploration projects and working capital.
FinancingBenton Advises that Clean Air Metals Closes First Tranche of CAD$15 Million Royalty Financing Agreement on Thunder Bay North Critical Minerals Project with Triple Flag Precious Metals Corp.
Clean Air Metals has closed an initial C$10 million tranche of a C$15 million mineral royalty financing agreement with Triple Flag Precious Metals Corp., effective December 16, 2022, granting a 2.5% NSR royalty on the Thunder Bay North Critical Minerals project in Northern Ontario. Part of the proceeds will fund the final C$1.5 million payment to Panoramic Resources, satisfying the last condition for Clean Air to earn a 100% interest in the project from Benton. Benton holds 24.6 million Clean Air shares and retains 0.5% NSR royalties on the Escape Lake deposit and much of the Thunder Bay North deposit.
FinancingBenton Resources Arranges $1.7M Private Placement
A non-brokered private placement of flow-through and non-flow-through units has been arranged for combined aggregate gross proceeds of up to $1.7-million, expected to close on or before Dec. 28, 2022. Up to 8.6 million FT units will be issued at 14 cents for up to $1,204,000, and up to 4.1 million NFT units at 12 cents for up to $492,000, with warrants exercisable at 20 cents for 18 months. Proceeds will advance exploration projects and working capital; TSX Venture Exchange approval is required.
FinancingBenton and Sokoman Channel Samples up to 13.57% Cs2O and Confirm High-Grade Cesium Discovery at the Golden Hope Joint Venture, Southwestern Newfoundland
Channel sampling at the newly named Hydra Zone on the Golden Hope joint venture in southwestern Newfoundland returned up to 13.57% Cs2O, with three consecutive 0.4 m saw-cut channels averaging 8.75% Cs2O, 0.41% Li2O, 0.025% Ta2O5 and 0.33% Rb2O over 1.2 m. The cesium-bearing pegmatite dyke is 5 m to 6 m wide, traced about 100 m along strike, and lies roughly 12 km east-northeast of the Kraken Pegmatite discovery. A further 17 saw-cut samples are pending, and drilling permits are being sought for Q1 2023. Benton and Sokoman hold the project 50/50.
Drill resultsBenton Resources and Sokoman Minerals Report Kraken Lithium Prospect Phase 3 Drilling Program Underway; First Three Holes Cut Spodumene-Rich Dykes up to 14 m Thick
Phase 3 drilling is underway at the Kraken Lithium Prospect on the Golden Hope joint venture in Newfoundland and Labrador, with a minimum 2,000 m planned targeting the new Killick Zone and the Kraken Discovery Dyke area 0.6–1.2 km to the west, continuing to mid-December. The Killick Zone, 200 m south of the East Dyke Zone, was discovered from grab samples grading up to 1.12% Li2O. First three holes cut multiple near-surface spodumene-bearing dykes, including drilled thicknesses of 11.2 m, 10.5 m and 14.2 m.
Drill resultsBenton and Sokoman - Kraken Lithium Prospect Phase 2 Drill Results Exploration Update
Phase 2 drilling at the Kraken Lithium Prospect on the Golden Hope joint venture in southwest Newfoundland (3,073 m, 18 holes) intersected multiple spodumene-rich pegmatite dykes at the East Dyke, including 0.60% Li2O over 20.82 m from 46.00 m in GH-22-15, including 1.16% Li2O over 5.50 m, plus 0.92% Li2O over 8.37 m in GH-22-08. Results for 13 holes were reported; five holes northeast of the East Dyke are pending. Trenching 200 m south of the East Dyke found a new dyke cluster grading up to 1.12% Li2O, untested by drilling. Golden Hope is a 50/50 joint venture with Sokoman Minerals.
Drill resultsBenton Receives a Further $100,000 Cash and Additional 3,082,120 Shares of Metallica Metals for 100% Interest in its Saganaga/Starr Project
Metallica Metals Corp. has completed all payments to Benton Resources to earn a 100% interest in the Saganaga/Starr gold-silver project in the Thunder Bay Mining District of Ontario. Under the November 16, 2020 share purchase agreement, Benton received a further $100,000 cash and 3,082,120 Metallica shares, comprising 1,082,120 shares and $50,000 on July 29, 2022 and 2,000,000 shares and $50,000 on August 31, 2022, following earlier payments in November 2020 and July 2021.
FinancingBenton and Sokoman Provide an Update on Drilling at the Kraken Lithium and Grey River Gold projects, Southwest Newfoundland
Drilling at the Kraken Lithium prospect on the Golden Hope JV in southwest Newfoundland has totalled an additional 2,392 m in 13 holes, targeting the East Dyke swarm 600–650 m east of the Kraken discovery dyke and intersecting multiple spodumene-bearing pegmatite dykes over core lengths of up to 27 m. Over 700 core samples were submitted to SGS for lithium and multi-element analysis. At Grey River, hole GR-22-14 is underway, the ninth of a planned 15–20-hole, 2,000 m program, with 400 samples submitted. Drilling resumes in two weeks after a crew break.
Drill resultsBenton Amends Far Lake Agreement with Thunder Gold Corp.
The option agreement with Thunder Gold Corp. on the Far Lake project, 80 km west of Thunder Bay, Ontario, has been amended. Benton exercised the Initial Option for a 60% interest by paying $25,000 and issuing 200,000 shares (originally $30,000 and 400,000 shares) by July 15, 2022, with the Second Option eliminated. Benton will spend the first $150,000 in exploration within 24 months, after which a 60/40 joint venture will be formed with dilution provisions converting sub-10% interests to a 2% NSR.
CorporateBenton and Sokoman Report Final Results from Recon Drilling at the Kraken Pegmatite Field - Golden Hope Project, SW Newfoundland
Final assays from a 1,025-m reconnaissance drilling program at the Kraken Pegmatite Field on the Golden Hope joint venture in southwest Newfoundland show spodumene mineralization drilled to a vertical depth of 70 m at the Discovery Dyke, with three of five holes (GH-22-02, -03, -04) missing the target because the dykes are relatively flat-lying. Trenching 600 m east exposed spodumene-bearing dykes up to 22 m in apparent thickness, with crystals up to 15 cm long, where a prior grab sample assayed 1.93% Li2O. Phase 2 drilling will begin there.
Drill resultsBenton & Sokoman Commence Drilling at Grey River
Drilling has begun on the Grey River Gold Project in southern Newfoundland, held under Benton's 50/50 alliance with Sokoman Minerals, with the first two holes completed and being logged, cut and sampled. The planned 20-hole program follows a five-hole 2021 campaign that intersected gold over a five km strike length, including 1.80 m of 10.58 g/t Au in hole GR-21-01. Camp construction is nearly complete at the Kraken Lithium discovery near Burgeo, with a drill rig on-site.
Drill resultsBenton Advised that Clean Air Metals Reports Drill Results and Corporate Update Including Project Payment and Prefeasibility Kickoff around Metallurgical Optimization
Clean Air Metals, in which Benton holds roughly 24.6 million shares, reported 2022 drill results from the Escape PGE-Cu-Ni Deposit at its Thunder Bay North Project near Thunder Bay, Ontario. Hole ELR22-137 returned 39.0 m grading 1.17 g/t Pt, 1.47 g/t Pd, 0.49% Cu and 0.27% Ni; ELR22-140 returned 25.0 m of 2.01 g/t Pt, 2.57 g/t Pd, 0.94% Cu and 0.52% Ni. Clean Air paid Panoramic Resources a second C$1.5 million deferred instalment, with C$1.5 million due by May 13, 2023, and selected DRA Americas for prefeasibility metallurgical testing and process plant design. Benton retains 0.5% NSR royalties on the project.
Drill resultsBenton Resources Invites You to Join Us at the Vancouver Resource Investment Conference
Benton Resources will exhibit at Booth #823 at the Vancouver Resource Investment Conference, held at the Vancouver Convention Centre West in Vancouver on Tuesday May 17 to Wednesday May 18, 2022. The conference will feature more than 100 international keynote speakers, including former Canadian Prime Minister Stephen Harper and former Mexican President Felipe Calderon, and a marketplace of 225 mining investment opportunities.
CorporateBenton and Sokoman Report First Drill Assay Results from the Kraken Pegmatite Field - Golden Hope Project, SW Newfoundland
Drill hole GH-22-01 at the Kraken pegmatite field on the Golden Hope joint venture property in southwestern Newfoundland returned 0.95% Li2O over 8.40 m from 47.8 to 56.2 m, with individual assays ranging from 0.08% to 1.76% Li2O. The 1,025 m reconnaissance program targeted a 100 m by 150 m area; additional dikes from 0.40 m to 2.30 m were intersected with assays pending, along with gold results and samples from holes GH-22-02 to 06. Benton and Sokoman hold the property 50/50.
Drill resultsBenton Closes Non-Brokered $2.4 Million Financing with Investment by Eric Sprott
A non-brokered private placement closed for combined gross proceeds of approximately $2.4 million, comprising 6,250,000 flow-through units at $0.2275 for $1,421,875 and 6,250,000 non-flow-through units at $0.16 for up to $1,000,000, each unit including a warrant exercisable at $0.20 for 24 months. Eric Sprott, through 2176423 Ontario Ltd., acquired 12,500,000 units for $2,000,000, raising his holding to approximately 16.2% non-diluted. Flow-through proceeds fund Canadian exploration expenses; other proceeds advance exploration projects and working capital.
FinancingBenton / Sokoman Intersect Gold in all Five Drill Holes over 5 km Strike Length Confirming Extensive Gold System at Grey River
All five holes in the maiden drill program at the Grey River project in Newfoundland, a 50/50 Benton–Sokoman joint venture, intersected gold over a 5.0 km strike length. Highlights include GR-21-01 with 10.58 g/t Au over 1.80 m, including 50.13 g/t Au over 0.35 m (revised upward from 37.65 g/t after metallic screen re-assay), and GR-21-02 with 8.22 g/t Au over 0.75 m. Permitting is underway for 25–30 additional holes starting spring/early summer 2022.
Drill resultsBenton Announces Non-Brokered $2.4 Million Financing with Investment by Eric Sprott
A non-brokered private placement of flow-through and non-flow-through units for aggregate gross proceeds of up to $2.4 million, expected to close on or before March 25, 2022. The offering comprises 6,250,000 FT Units at $0.2275 ($1,421,875) and 6,250,000 Units at $0.16 (up to $1,000,000), each unit including one warrant exercisable at $0.20 for 24 months. Eric Sprott will become Benton's largest shareholder, adding 12.5M shares and 12.5M warrants to 10.0M shares and 5.0M warrants.
FinancingBenton and Sokoman Complete Recon Drilling at Kraken Pegmatite Field on the Golden Hope Project, Southwestern Newfoundland
A 1,025 m, five-hole reconnaissance drill program has been completed at the Kraken Pegmatite Field on the Golden Hope joint venture project in southwestern Newfoundland, with holes ranging from 182 m to 224 m; a sixth hole was abandoned at 38 m. Spodumene-bearing dikes were intersected in all five holes, from less than 1 m to about 8 m drilled thickness, from surface to roughly 50 m vertical depth. Core logging and sampling continue, with samples to be assayed at Activation Laboratories.
Drill results