Benton Resources
Primary ticker: TSXV: BEX
Stage of development: Exploration
Primary minerals: Copper, Gold, Silver, Lithium
Project to promote: Great Burnt Copper-Gold Project
Project location: Canada
Website: www.bentonresources.ca
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. Three phases of drilling completed successfully.
Cash: CAD 3.1M
Debt: NIL
Major shareholders:
Eric Sprott – 16.6% on a non-diluted basis
Spruce Ridge Resources – 8.6%
European Fund – 9%
Management Ownership – 5.5%
Financials
Management Profile
Stephen Stares – PRESIDENT, CEO & DIRECTOR
Stephen Stares is a successful business entrepreneur with more than 32 years of experience in mineral exploration. Stephen’s career spans from 1988 were he spent 7 years with Noranda Exploration on such projects as the Hemlo gold mines, Eagle River gold deposit and the Geco and Mattabi base metal camps. Throughout his career, Mr. Stares has discovered several major mineral occurrences in Canada that have been the subject of extensive exploration programs. In 2004, Stephen and his brother Michael started Benton Resources where he remains President and CEO.
Recipient of the Prospectors and Developers Association (PDAC) Bill Dennis Prospector of the Year Award.
What is your rationale for taking part in 121 Mining Investment?
What recent news would you like to highlight to investors attending?
April 17, 2024 – Benton drills 7.25% Cu over 4.50 m including 18.65% over 1.10 m at Great Burton Copper Deposit
April 3, 2024 – Benton drilling expands Great Burnt Copper Deposit, arranges $3 million private placement
March 21, 2024 – Benton completes Phase 2 drill program and mobilizes down-hole geophysical crew to delineate electro-magnetic targets for Phase 3 at Great Burnt
March 11, 2024 – Benton intersects massive sulphides down plunge and along strike at Great Burnt
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Next phase of drill program and geophysics
6 Months:
Expand the existing deposit further and explore new anomalies