Benton acquires Stoney Caldera project

Executive Summary

• Benton Resources Inc. has acquired a 100% interest in the Stoney Caldera Project (SCP) in Newfoundland, adding 611 claim units to its portfolio along the Great Copper-Gold Corridor.
• The new project hosts multiple high-grade copper and gold occurrences, with grab samples returning up to 6.41 g/t Au, 0.42% Cu, and 2.1 ppm Ag, as well as zones with up to 2.74% Cu and 0.087% Co.
• The acquisition complements Benton's existing Great Burnt, Dominion, and Victoria West projects, which are proximal to major producers like Equinox Gold and Canterra Minerals.

Key Details

• Acquisition Details: Benton acquired a 100% interest in the Stoney Caldera Project (SCP) via direct staking.
• Land Position: The SCP consists of nine mineral licenses totaling 611 claim units.
• Location: Located along the Great Copper-Gold Corridor in Newfoundland, directly along strike to the northeast of Benton’s Great Burnt project and southwest of Sokoman Minerals Corp.'s Moosehead project.
• New Project Assays (SCP):
  • Grab samples from local float and subcrop show values ranging from trace up to 6.41 g/t Au, 0.42% Cu, and 2.1 ppm Ag.
  • Mineralization described as semi-massive sulphides of pyrrhotite and chalcopyrite in a chlorite-rich matrix.
  • Other significant zones include grab samples grading up to 2.74% Cu and 0.087% Co, with an apparent strike length of approximately 25 meters in an area of limited exposure; these areas have never been drill tested.
• Existing Project Highlights:
  • Dominion Lake: Hosts new high-grade base metal and gold showings surrounding Canterra’s Daniel’s Pond and Bobby’s Pond VMS deposits; lies 8 km north of Equinox Gold.
  • Victoria West: Situated directly along strike to the west from Equinox Gold’s Valentine gold mine and less than 2 km from drilling at the Frank zone, which cut 172.8 m grading 2.43 g/t Au (including 90.9 m grading 3.84 g/t Au).
  • Great Burnt: Wide intercepts of high-grade copper over 950 m strike.
  • South Pond: Wide intercepts of gold over 2.7 km.
• Current Activities: The company is awaiting further gold and base metal results from continuing drilling, mapping, and prospecting campaigns. Permitting for trenching work is underway to expose new zones for mapping and channel sampling, preparing for additional drilling later in the season.
• Mineral Resource Estimate (Great Burnt Project): 667,000 tonnes at 3.21% Cu (indicated) and 482,000 tonnes at 2.35% Cu (inferred).
• Historic Drill Results (Great Burnt): Phase 1 and 2 programs returned 25.42 m of 5.51% Cu (including 9.78 m of 8.31% Cu) and 1.00 m of 12.70% Cu.
• Historic Drill Results (South Pond): Confirmed a robust gold-mineralized system over 2.5 km with results of 74.20 m of 1.43 g/t Au and 43.75 m of 1.62 g/t Au.
• Qualified Person: Stephen House (PGeo), Vice-President of Exploration, approved the scientific and technical disclosure.
• QA/QC Protocols: Samples submitted to Eastern Analytical Ltd. (Springdale, Nfld.), an ISO/IEC 17025 accredited lab. Analysis uses fire assay for Au (30g plus ICP-34 method) and atomic absorption for overlimits.

Notable Quotes

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