Benton Resources Acquires Strategic Claims Directly Along Strike from Equinox Gold's Valentine Gold Mine in Central Newfoundland

Core Insights - Benton Resources Inc. has staked four licenses totaling 108 claim units directly along strike from Equinox Gold's Valentine Gold Mine in Central Newfoundland, increasing its total land package to 141 claims after acquiring additional licenses from Quest Inc. [1][2] Acquisition Details - The acquisition involves a one-time cash payment of $6,000 and the issuance of 200,000 shares for a 100% interest in Quest's claims, with Quest retaining a 2% Net Smelter Return (NSR) [2] - Benton has the option to buy back 1% of the NSR for $1.5 million and has granted Quest a 0.25% NSR on three of its staked claims [2] Geological Insights - A detailed compilation indicates that favorable gold structures continue towards Benton's new Victoria West Project, with soil sampling revealing anomalous gold values up to 169 parts per billion (ppb) [3] Strategic Importance - The acquisition is viewed as a strategic opportunity for Benton, complementing its gold and base metal project portfolio in Newfoundland, which is recognized as a top mining jurisdiction [7] - The company is exploring options for drill targeting on the newly acquired project [7] Company Overview - Benton Resources is a well-financed mineral exploration company listed on the TSX Venture Exchange, with a diversified property portfolio and significant equity positions in other mining companies [10] - The company is focused on advancing its high-grade Copper-Gold Great Burnt Project, which has a Mineral Resource estimate of 667,000 tonnes at 3.21% Copper Indicated and 482,000 tonnes at 2.35% Copper Inferred [11]