Benton Resources Expands Newfoundland Landholding with High-Grade Gold, Base Metal Discoveries

Benton Resources Inc. has significantly expanded its land holdings in the Tulks Volcanic Belt of Newfoundland by signing a second purchase agreement to acquire six licenses totaling 67 units, in addition to an earlier acquisition of four licenses totaling 31 units. Both acquisitions involve one-time cash payments and issuance of common shares, with properties subject to a 2% net smelter royalty, of which Benton can buy back 1% for $1 million. The Tulks Volcanic Belt is a geologically favorable area known for potential Volcanogenic Massive Sulphides and gold mineralization. Benton has reported promising early prospecting results, including the Trinity Zone discovery with high-grade assays such as 14.6% zinc, 2.53% copper, and 68.7 g/t silver, as well as significant gold mineralization extending the Rickirb gold discovery and identifying a new area southwest of Rickirb with samples up to 6.41 g/t gold. Despite these mineral exploration successes, Benton's stock faces financial challenges including zero revenue and ongoing losses, though its strong equity and strategic acquisitions offer some optimism for future growth.