Benton Resources Inc.'s (BNTRF) Stephen Stares on Great Burnt Copper-Gold Drilling and New High-Grade Zone (Newfoundland) - Ellis Martin Report

Executive Summary

• Benton Resources announced the closing of a $2 million financing round to fund its active drill program at the Great Burnt copper‑gold project in Newfoundland.
• The interview highlights recent high‑grade assay results, including surface samples up to 31 g/t Au and a historic hole (GB‑23‑063) that intersected >5 g/t Au over 3 m, with strike now traced >200 m and open to the north.
• Management emphasizes strong sector interest and positions Benton to scale its flagship resource through continued drilling and its generator model of equity stakes and NSR royalties.

Key Details

• Financing: $2 M financing closed; proceeds earmarked for ongoing drill program at Great Burnt project.
• Project Overview:
• Flagship: Great Burnt copper‑gold project, central Newfoundland.
• Mineral Resource Estimate (MRE): 442,000 t @ 2.5 % Cu (Indicated) and 829,000 t @ 2.11 % Cu (Inferred).
• Strike length ~25 km; six known Cu‑Au‑Ag zones across ~15 km; numerous untested geophysical targets.
• Drill Targets: South Pond area and expansion of the Great Burnt deposit.
• Assay Highlights:
• North Great Burn Gold (NGB) Zone – surface samples up to 31 g/t Au.
• Historic hole GB‑23‑063 – >5 g/t Au over 3 m; strike traced >200 m, open northward.
• Copper Results: High‑grade copper intercepts reported consistently over the past ~20 months (specific widths not disclosed).
• Strategic Rationale: Benton’s generator model blends discovery upside with capital discipline by retaining equity positions and NSR royalties where possible.
• Management Commentary: CEO Stephen Stares notes renewed sector interest and expects a stronger junior‑mining cycle, positioning Benton to scale the Great Burnt resource.

Notable Quotes

“Benton blends the upside of discovery with the capital discipline of a generator model – drilling where the vectors are hottest while keeping optionality through equity stakes and royalties.” — Stephen Stares, President & CEO

The release is primarily an interview announcement but contains material financing information ($2 M) and operational updates (drill targets, assay results), qualifying it as news with a Material – Positive impact.