Benton Purchases Strategic Ground Directly Along Strike of the South Pond Gold Deposit from Noble Minerals

Core Viewpoint - Benton Resources Inc. has entered into a purchase agreement to acquire a 100% interest in Noble Mineral Exploration Inc.'s Island Pond Property, which is strategically located near Benton's South Pond Gold Zone, potentially enhancing its mineralization prospects [1][2][3]. Acquisition Details - The acquisition involves a one-time cash payment of CAD 30,000 and the issuance of 1,000,000 common shares to Noble, pending TSX Venture Exchange approval [1][4]. - The Island Pond Property is expected to extend the current 2.7 km mineralized trend by over 1,000 meters, consolidating control over the northern extension of the South Pond trend [3]. Geological Significance - Geological and geophysical similarities between the Island Pond and South Pond areas suggest a continuation of significant gold-copper mineralization along the same structural trend [2]. - Benton plans immediate prospecting and geophysical evaluations to assess the potential of the newly acquired property [3]. Financial and Operational Aspects - The project is subject to a 2% Net Smelter Royalty (NSR) to an original vendor and a 1% NSR to Noble, with Benton having the right to buy back the original 2% NSR for CAD 1.5 million [4]. - Benton has drilled 23,300 meters at the Great Burnt and South Pond projects since late 2023, with notable gold assay results indicating robust mineralization [7][11]. Company Overview - Benton Resources is a well-financed mineral exploration company listed on the TSX Venture Exchange under the symbol BEX, 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% Cu Indicated and 482,000 tonnes at 2.35% Cu Inferred [11].