Benton Increases Interest in Great Burnt Project and Identifies High Priority Target
MWN-AI** Summary
Benton Resources Inc. (TSXV: BEX) has announced a significant shift in its partnership regarding the Great Burnt project following Homeland Nickel Inc.'s decision to withdraw from their joint venture. The Great Burnt property, located in central Newfoundland, includes the South Pond gold-copper deposit and the Great Burnt copper deposit. As of December 31, 2025, Benton has invested approximately $6.1 million (73.51% of total expenditures), compared to Homeland's $2.2 million, which will continue to dilute Homeland's interest as Benton proceeds with further explorations.
With Homeland’s exit, Benton is poised to enhance its ownership stake and is committed to a robust summer exploration initiative. This program aims to update resource delineation for both deposits while exploring the broader Great Burnt and GB South projects. Planned activities include an Airborne Electro-Magnetic (EM) and Magnetic Survey, as well as prospecting, mapping, trenching, and diamond drilling. The company will conduct additional soil sampling in areas previously under-explored and will advance its geological evaluations based on promising early assay results.
Notably, recent soil sampling revealed significant gold values, with grades up to 5.1 g/t Au, and other samples assaying high concentrations located near previously identified mineralization. This trend indicates potential discoveries outside known mineral zones, fostering optimism for future explorations.
Benton Resources remains an engaged player in the mining sector, focusing on high-grade copper and gold deposits. The company's ongoing efforts to advance the Great Burnt project reflect its strategic vision for resource expansion and development efficiency, while carefully managing the risks associated with mining ventures.
MWN-AI** Analysis
Benton Resources Inc. (TSXV: BEX) is poised for significant developments following the withdrawal of Homeland Nickel Inc. from their joint venture on the Great Burnt property. This transition presents an opportunity for Benton's growth as it maintains a larger share, and the company is gearing up for an aggressive exploration campaign aimed at delineating its resources further.
With Benton's recent announcement of promising assay results, including gold values of up to 5.1 g/t in soil samples, the company showcases potential for significant mineral discoveries beyond the established South Pond Gold-Copper Deposit. Their proactive summer exploration program, which includes Airborne EM and Magnetic Surveys combined with mapping and drilling, indicates a strong commitment to advancing its mineral assets.
For investors, now may be an opportune time to consider adding Benton to their portfolios or increasing existing positions. Notably, Benton’s prior drilling programs have returned robust results, such as intervals of 5.51% Cu and 1.62 g/t Au, indicative of the project's potential high-grade resources. Coupled with a solid financial footing, which includes diversified assets across its property portfolio, Benton demonstrates resilience and strategic foresight in capitalizing on its exploration efforts.
However, investors must remain aware of potential risks, including commodity price fluctuations and the inherent uncertainties surrounding exploration outcomes. Placements and financing may be needed to fund ongoing projects, making it crucial for investors to monitor developments closely.
In summary, Benton's focused exploration and strategic advantages in the Great Burnt Project position it as an attractive investment in the current mineral exploration landscape. As developments unfold, staying informed on exploration results and market response will be essential for evaluating future investment decisions.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Thunder Bay, Ontario--(Newsfile Corp. - April 6, 2026) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has received notice from Homeland Nickel Inc ("Homeland") that they will no longer participate in its joint venture with Benton (see news release dated August 17, 2023) on the Great Burnt property which encompasses the South Pond gold-copper deposit and the Great Burnt copper deposit (the "GB Property") in central Newfoundland.
As a result, and as of December 31, 2025, Homeland had been deemed to incur $2,201,071.93 (or 26.49%) in exploration expenditures while Benton had incurred $6,108,232.33 (or 73.51%). Homeland's interest in the GB Property will continue to be diluted as Benton completes further exploration expenditures. Benton is now calculating its updated spend from January 1, 2026, to March 31, 2026, which will further increase its interest in the GB Property.
The Company is planning an aggressive summer exploration program which will work toward delineating updated resources for both South Pond Gold-Copper Deposit and the Great Burnt Copper Deposit. In addition, the Company will continue to explore its vast land package at GB and GB south projects. This will include an Airborne Electro Magnetic (EM), Magnetic Survey on the southern half of the project, follow up prospecting, mapping, trenching and diamond drilling. The Company will complete further soil sampling over areas that have seen little historical exploration. With continued successful results, the Company will advance compilation, prospecting, mapping, ground geophysics, trenching and diamond drilling project wide. The Company remains confident that additional copper and gold zones will be discovered.
On the northern portion of the project, recently received assay results from a small winter soil sampling program have returned very significant gold values in soils grading from trace up to 5.1g/t Au. This immediate area is also host to multiple bedrock and float samples assaying to 896 ppb Au and is located 330 m southwest of float samples discovered in the fall of 2025 that assayed 12.0 g/t Au. The Company will continue work in this highly prospective area outside of the known extents of the South Pond Deposit.
QP
Stephen House (P.Geo.), Vice President of Exploration for Benton Resources Inc., the 'Qualified Person' under National Instrument 43-101, has approved the scientific and technical disclosure in this news release and prepared or supervised its preparation.
QA/QC Protocols
Core and rock samples, including standards, blanks and duplicates, are submitted to Eastern Analytical Ltd., Springdale, Newfoundland for preparation and analysis. All samples were acquired by saw-cut (channels/drill core) with one-half submitted for assay and one-half retained for reference, or hand (rocks) and delivered, by Benton personnel, in sealed bags, to the Springdale lab of Eastern Analytical, which is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples are analyzed using Eastern's Au (Fire assay) @ 30g + ICP-34 method that delivers a 34-element package utilizing a 200 mg subsample totally dissolved in four acids and analyzed by ICP-OES analytical technique. Overlimits are analysed with Eastern's atomic absorption method, using a 0.200 g to 2.00 g of sample, digested with three acids. All reported assays are uncut. Eastern Analytical Ltd. achieved ISO 17025 accreditation in February 2014 (for more details on the scope of accreditation visit the CALA website). Grab samples are selective in nature and may not represent the average mineralization of a bedrock exposure.
About Benton Resources Inc.
Benton Resources is a well-financed mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Benton has a diversified, highly prospective property portfolio and holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains net smelter return (NSR) royalties with potential long-term cash flow.
Benton is focused on advancing its high-grade Copper-Gold Great Burnt Project in central Newfoundland, which has a Mineral Resource estimate of 667,000 tonnes @ 3.21% Cu Indicated and 482,000 @ 2.35% Cu Inferred. The Project has an excellent geological setting covering 25km of strike and boasts six known Cu-Au-Ag zones over 15km that are all open for expansion. Further potential for discovery is excellent given the extensive number of untested geophysical targets and Cu-Au soil anomalies. Phase 1 and 2 drill programs returned impressive results including 25.42 m of 5.51% Cu, including 9.78 m of 8.31% Cu, and 1.00 m of 12.70% Cu. Drilling at the South Pond Gold Zone, approximately 7.5 km north of the Great Burnt Copper-Gold Zone, has confirmed a robust gold-mineralized system over 2.5 km with results of 74.20 m of 1.43g/t Au and 43.75 m of 1.62g/t Au and is open for expansion in all directions.
On behalf of the Board of Directors of Benton Resources Inc.,
"Stephen Stares"
Stephen Stares, President
Parties interested in seeking more information about properties available for option can contact Mr. Stares at the number below.
For further information, please contact:
Stephen Stares, President & CEO
Phone: 807-474-9020
Email: sstares@bentonresources.ca
Nick Konkin, Investor Relations
Phone: 647-249-9298 ext. 322
Email: nick@grovecorp.ca
Website: www.bentonresources.ca
Twitter: @BentonResources
Facebook: @BentonResourcesBEX
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291265
FAQ**
How has Benton Resources Inc's recent acquisition of a greater interest in the Great Burnt Property, following Homeland Nickel's withdrawal, altered its exploration strategy for the copper-gold deposits in central Newfoundland?
What impact does the announced summer exploration program have on the potential discovery of additional copper and gold zones, specifically near the South Pond Gold-Copper Deposit?
With significant assay results indicating gold values in soils from recent sampling, how does Benton Resources Inc BNTRF plan to leverage this data to validate and expand its resource estimates further?
What are the anticipated risks Benton Resources Inc BNTRF faces in its ongoing exploration projects, and how do these risks compare to the potential rewards from their recent findings in Thunder Bay, Ontario?
**MWN-AI FAQ is based on asking OpenAI questions about Benton Resources Inc. (TSXVC: BEX:CC).
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