Northwire Canada EditionWednesday, July 29, 2026
Northwire
NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
Drill Results

Benton Continues to Hit Wide Gold Zones at South Pond and Identifies New VMS System North of Great Burnt; Launches New Website

Benton Hits More Gold, Unveils New VMS System as Great Burnt Heats Up

Executive Summary

Benton Resources announced continued positive drill results from its South Pond Gold-Copper Deposit and the discovery of a new Volcanic Massive Sulphide (VMS) system at the End Zone area, both part of its flagship Great Burnt Project in Newfoundland.

Key drill intercepts at South Pond include: - SP-25-54: 2.02 g/t Au over 17.13 metres - SP-25-55: 1.10 g/t Au over 23.00 metres - SP-25-53: 1.01 g/t Au over 13.70 metres - SP-25-51: 2.05 g/t Au over 5.40 metres

At the End Zone, located north of the Great Burnt deposit, drill holes EZ-25-01 and EZ-25-02 intersected VMS-style mineralization. Assays for these holes, along with several other gold and copper assays, are pending.

The company has paused drilling for the holidays and plans to resume in January 2026. Metallurgical testing on the South Pond mineralization is currently underway.

Material Impact

The latest news is materially positive, building upon a consistent stream of successful exploration results throughout the past year.

The drill results from South Pond confirm the continuity and scale of the near-surface, bulk-tonnage gold system. The intercepts in holes SP-25-54 and SP-25-55 are among the strongest to date in terms of grade-thickness, improving the economic potential of the zone which the company has now traced over a 2.7 km strike length. This follows previous wide intercepts announced on October 30, 2025 (e.g., 16.0m of 1.13 g/t Au), demonstrating consistent progress in delineating a significant gold deposit.

The discovery of a new VMS system at the End Zone is the most significant aspect of this release. While extremely early-stage with assays pending, it introduces a third distinct style of mineralization to the project, complementing the high-grade Great Burnt copper resource and the bulk-tonnage South Pond gold system. VMS deposits can be rich in base and precious metals, and this discovery significantly enhances the exploration upside of the property.

Financially, the CEO's statement that the company is "well funded" is supported by the September 30, 2025 financials, which show approximately $2.1 million in cash and temporary investments against minimal liabilities. This should be sufficient to fund the resumption of drilling in early 2026 and follow up on these new targets.

Overall, the news confirms the company's exploration model is working. It de-risks the South Pond target by demonstrating continuity with improving grades and adds a compelling, high-potential new VMS target. The market will await assays from the End Zone, but this is a strong positive development.

BEX · Price
Company Overview

Benton Resources Inc. is a Canadian junior mineral exploration company focused on properties in Newfoundland. While it holds a portfolio of assets and investments, its primary focus is the Great Burnt Project, where it holds a 70% interest and is the operator (Homeland Nickel Inc. holds 30%).

The project hosts three key target areas: 1. Great Burnt Copper Deposit: A historical high-grade copper resource with an Indicated 667,000 tonnes at 3.21% Cu and an Inferred 482,000 tonnes at 2.35% Cu, which the company has been successfully expanding. 2. South Pond Gold-Copper Zone: A large, near-surface gold system delineated by Benton over a 2.7 km strike length, characterized by wide, lower-grade intercepts. 3. End Zone: A new VMS discovery with assays pending.

The company also maintains equity positions in Clean Air Metals and Vinland Lithium, providing exposure to other projects and commodities.

Read the original news release →

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