Northwire Canada EditionThursday, November 12, 2026
Northwire
⌕
Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Drill Results

Benton Confirms New VMS Copper Discovery at End Zone and Delineates Gold and Copper Horizon at South Pond Gold-Copper Deposit

Discovery Labels Mask Low-Grade Reality as Benton Aggressively Consolidated Newfoundland Copper-Gold Trend

Executive Summary

The most recent news release (January 27, 2026) announces a new Volcanogenic Massive Sulphide (VMS) discovery at the "End Zone" and the delineation of a gold-copper horizon at the "South Pond" deposit, both within the Great Burnt project in Newfoundland. Key results from End Zone include hole EZ-25-01, which intersected 58.0m of 0.11% Cu. At South Pond, results from five holes showed wide, low-grade gold intercepts, such as 15.05m of 0.96 g/t Au and 27.82m of 0.44 g/t Au. This follows January 14, 2026, news of positive preliminary metallurgical gold recoveries of up to 88.4% at South Pond.

Material Impact

The impact is Routine - Positive. While management uses the term "discovery" for the End Zone area, the copper grades (0.11% to 0.67%) are exceptionally low for a VMS target, which typically requires much higher concentrations to be economically viable. The South Pond results successfully demonstrate the continuity of a 2.7 km mineralized strike, which is a significant geological achievement, but the grades remain sub-1 g/t gold. - Consistency: The results are in line with previous 2025 updates that shifted focus from the high-grade copper core at Great Burnt (often >5% Cu) to wider, lower-grade gold-copper halos at South Pond. - Metallurgy: The 88.4% gold recovery is a critical "de-risking" step, but it is preliminary and based on a composite sample, meaning it does not yet support a resource estimate. - Project Progression: The company is successfully "stitching together" a large mineralized system, but the market has yet to see the "core" high-grade zones that would justify a major re-rating.

BEX · Price
Company Overview

Benton Resources is a Canadian explorer focused on the Great Burnt Copper-Gold Project in central Newfoundland. - Flagship Project: Great Burnt. It hosts an Indicated Resource of 667,000 tonnes at 3.21% Cu and an Inferred Resource of 482,000 tonnes at 2.35% Cu (historical/current estimates). - Strategy: The company operates as a hybrid explorer and project generator, maintaining a large portfolio of secondary assets and NSR royalties.

Read the original news release →

More from Benton Resources Inc.