Benton Continues to Drill Wide Intervals of Significant Gold at South Pond Extending Strike Length 600 m South

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Thunder Bay, Ontario--(Newsfile Corp. - October 31, 2024) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce that it has extended the South Pond Gold Zone ("SPGZ"), contained within the Company's Great Burnt Copper-Gold project, in south-central Newfoundland 600 m to the south with significant intercepts including, 1.48g/t gold (Au) over 24.00 m, incl 3.09g/t Au over 2.00 m in SP-24-09. Hole SP-24-10 cut two zones which returned 1.04g/t Au over 20.00 m, incl 3.62g/t Au over 2.00 m in the upper zone and a lower zone of 1.54g/t Au over 25.00 m, incl 2.41g/t Au over 7.00 m, incl 5.74g/t Au over 1.00 m. These results confirm a robust gold-mineralized system at South Pond which compliment the first holes released last week, such as Hole SP-24-07 which intersected 74.20 m of 1.43g/t Au and Hole SP-24-03 which intersected 43.75 m grading 1.62g/t Au. Vertical hole SP-24-11 is interpreted to be collared just west of the intended target.

Benton has completed a total of 30 diamond drill holes for a total of 3,380 m, with the last 5 holes drilled 1.5 km further south on the South Pond Gold trend (see Figure 1 drill hole location map). Table 1 below lists drill holes completed to date with results status, including three holes drilled at the South Pond Copper deposit which have pending base metal assays. Selected cross sections are also presented below in Figures 2 and 3.

The Company has now paused the current program temporarily until further assays are received and compiled for continued targeting.

The Company has diligently developed a strong exploration model to guide active work at South Pond. Focused field geological mapping and ground magnetics surveying, jointly evaluated by Benton personnel and consulting geoscientist Mike Cooley, have led to the development of a new geological and geophysical model. The model suggests that the mineralized sequence is structurally thickened due to folding and/or faulting. This has resulted in a near-surface zone of thicker mineralization that may be amenable to shallow open-pit mining methods. Testing the model is proving to be very successful with 30 diamond drill holes completed on the >2.5 km long mineralized magnetic horizon. All holes have intersected significant mineralization and thicknesses with drill core being cut and delivered to Eastern Analytical on a regular basis.

A table of the 4 holes received are below accompanied by a location map and sections showing the mineralized zone. (see Table 1).


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