Benton Continues to Deliver High-Grade Gold Results at Great Burnt, Including 31.35 g/t from New Surface Sampling

Core Insights - Benton Resources Inc. has reported high-grade gold results from surface sampling at the Great Burnt project, with assays reaching up to 31.35 g/t [1][2] - The new mineralization may extend the previously identified NGB Target, with significant drilling results indicating gold and copper intersections [1][3] - The company is planning immediate follow-up work, including further prospecting, soil sampling, and trenching in the area [2][3] Exploration and Drilling - The newly identified zone is characterized as a silicified mafic volcanic with mineralization including breccia and fractured-filled pyrrhotite and chalcopyrite [2] - Drilling continues in the South Pond Area, aiming to connect over 2.7 km of gold mineralization that remains open to the north and south [3] - The company is actively identifying new high-priority drill targets and plans to test several of these in the current drilling campaign [3] Financial Activities - Benton Resources has limited its current financing to a maximum of $2.0 million and is closing a private placement financing for gross proceeds of approximately $1.98 million [5][7] - The financing will involve issuing 2,627,272 Units, each consisting of one common share and one common share purchase warrant, with proceeds aimed at advancing its Newfoundland projects and general working capital [5][7] Project Overview - The Great Burnt Project has a mineral resource estimate of 667,000 tonnes at 3.21% Cu indicated and 482,000 tonnes at 2.35% Cu inferred, with significant potential for further discoveries [15] - Historical drilling results have shown impressive intersections, including 25.42 m of 5.51% Cu and 74.20 m of 1.43 g/t Au, indicating a robust mineralized system [15]