Benton 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
Benton’s Dominion project intercepts high-grade gold zones, though dilution limits the potential upside from the advanced exploration results.
Benton Resources Inc. (BEX) announced channel and grab sample results from its Dominion Project in Newfoundland.
- Quinlan Zone: Channel sampling returned 6.59 g/t Au over 6.0 m, including a high-grade interval of 37.87 g/t Au over 1.0 m.
- Rickirb Zone: Visible gold-bearing grab samples assayed up to 79.1 g/t Au.
Exploration status indicates that 159 channel sample results remain outstanding across the Ellie, Rickirb, and Quinlan zones. Both Rickirb and Quinlan are drill-ready, with targeting ongoing.
In a corporate update, the spinout of the Great Burnt Project into Silverback Metals Corp. is proceeding, with an imputed value of $15.0M backed by a $10.0M financing.
Benton Resources Inc. (BEX) released an expected incremental exploration update on its Rickirb project, following the September 10, 2026 announcement that first highlighted high-grade gold values of up to 30.53 g/t Au. The new results are consistent with the company’s stated exploration momentum but remain at the prospecting and channel sampling stage. Because grab samples are selective, they do not represent true width or continuity, and drill testing is required to validate the zones.
The announcement does not trigger a resource update, change the company's capital requirements, or alter the timeline for the Great Burnt spinout. The stock has traded in a tight range of $0.07 to $0.08 following previous exploration updates, indicating the market has already priced in this level of activity. Given the incremental nature of the results and the lack of immediate financial impact, the market impact is expected to be limited.
Benton Resources Inc. (BEX) is a Newfoundland-based junior explorer focused on copper, gold, and emerging natural hydrogen and helium projects. Its flagship asset is the Great Burnt Project, a copper-gold volcanogenic massive sulfide (VMS) system. The project holds an NI 43-101 resource estimate of 667,000 tonnes at 3.21% copper in the Indicated category and 482,000 tonnes at 2.35% copper in the Inferred category. Additionally, the South Pond gold-copper zone has returned wide intercepts, including 74.20 meters at 1.43 grams per tonne gold.
The company also holds the Dominion Project, which features new high-grade gold and base metal discoveries across the Rickirb, Quinlan, and Ellie zones. These prospects are located in proximity to Equinox Gold’s Valentine Mine.
In the energy sector, Benton Resources has entered a joint venture with Metals Creek on multiple projects in Newfoundland. This initiative leverages historical gas anomalies and serpentinization geology to explore for natural hydrogen and helium. Separately, the Great Burnt project is being spun out into Silverback Metals Corp. to unlock value, with Benton Resources retaining a 5% stake and a 1% net smelter return (NSR).