Benton acquires additional claims at Stoney Caldera

Executive Summary

• Benton Resources Inc. has entered into a purchase agreement to acquire four claim units (one square kilometre) at the Stoney Caldera Gold Zone in Newfoundland, subject to TSX Venture Exchange approval.
• The company confirmed high-grade gold and base metal intercepts from recent sampling at the Stoney Caldera project, including 4.03 g/t Au in outcrop and significant copper, lead, and cobalt values at the CEC and Reid occurrences.
• The release highlights the strategic expansion of Benton's land package, which now surrounds the acquired parcel and hosts multiple untested high-grade zones along the Great Copper Gold corridor.

Key Details

• Acquisition Terms:
  • Target: Four claim units covering one square kilometre at the Stoney Caldera Gold Zone, Newfoundland.
  • Consideration: $6,000 cash and 125,000 common shares of Benton Resources.
  • Royalty: Vendor retains a 2% Net Smelter Return (NSR) royalty.
  • Buyback Option: Company has the right to buy back 1% of the NSR for $1 million at any time.
  • Status: Subject to TSX Venture Exchange approval; no finders' fees paid.
• Stoney Caldera Sampling Results:
  • New Acquisition Area: Widespread quartz flooding in a felsic intrusive unit confirmed; samples submitted for assay, results pending.
  • CEC Occurrence: Grab samples returned trace to 5.2 g/t Au, 0.5% Cu, 1.77% Pb, and 0.032% Co. Historical samples previously graded up to 6.41 g/t Au and 0.42% Cu.
  • Reid Occurrence (RO): Grab samples returned trace to 4.41% Cu and 0.156% Co. Historical samples graded up to 2.74% Cu and 0.087% Co with a strike length >25m.
  • Note: These areas have never been drill tested.
• Portfolio Highlights & Historical Context:
  • Great Burnt Project: Mineral resource estimate of 667,000 tonnes at 3.21% Cu (indicated) and 482,000 tonnes at 2.35% Cu (inferred). Phase 1 and 2 drilling returned 25.42m of 5.51% Cu (including 9.78m of 8.31% Cu and 1.00m of 12.70% Cu). Wide intercepts of high-grade copper over 950m strike length.
  • South Pond Project: Robust gold-mineralized system over 2.5km. Drilling confirmed 74.20m of 1.43 g/t Au and 43.75m of 1.62 g/t Au.
  • Victoria West: Located along strike to the west of Equinox Gold's Valentine gold mine; less than 2km from Frank zone drilling which cut 172.8m at 2.43 g/t Au (including 90.9m at 3.84 g/t Au).
  • Dominion Lake: Hosts new high-grade base metal and gold showings surrounding Canterra's Daniel's Pond and Bobby's Pond VMS deposits, 8km north of Equinox Gold.
• Technical Disclosures:
  • Qualified Person: Stephen House, PGeo, VP of Exploration.
  • Lab: Eastern Analytical Ltd. (Springdale, Nfld.), ISO/IEC 17025 accredited.
  • Methodology: Fire assay for Au (30g plus ICP-34); ICP-OES for multi-element package. Overlimits analyzed via atomic absorption. All reported assays are uncut.

Notable Quotes

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