Benton Resources (TSXV:BEX) - Drilling 'Impossible' High-Grade Holes in a New Major Copper District
3.9 هزار بار بازدید -
6 ماه پیش
-
Interview with Stephen Stares, President
Interview with Stephen Stares, President & CEO of Benton Resources Inc.
Our previous interview: www.cruxinvestor.com/posts/benton-resources-tsxvbe…
Recording date: 3rd March 2024
Benton Resources (TSXV:BEX) is making significant progress at its flagship Great Burnt Lake copper-gold project in central Newfoundland, with recent drilling returning some of the best intercepts in the company's history. Massive sulphide intervals grading over 20% copper have been encountered, within wider zones of high-grade Cu-Au VMS mineralization.
Drilling has traced a steeply-plunging mineralized lens over 650 m down-plunge, with thicknesses of 75-200 m in the core of the deposit. Based on results to date, Benton sees potential for a 1-2 million ton high-grade resource at Great Burnt Lake.
The company is targeting a camp-scale VMS system with the potential for a 30-40 million ton resource along this district-scale land package. Benton has identified dozens of untested geophysical conductors and geochemical anomalies along the trend, which will be aggressively explored through mapping, sampling, and geophysical surveys to define new drill targets. The company started a 3,000-4,000 m drill program to infill and expand the known zones and test for new lenses.
A key advantage for Benton is the project's excellent infrastructure, with road access and a camp located near a hydroelectric dam just 2.5 km from the main deposit. This is allowing for highly efficient and low-cost exploration, with the current drill program achieving rates of over 200 m/day at all-in costs of just over $200/m.
As a prospect generator, Benton's business model is to make discoveries and monetize them for a significant return to shareholders. However, results from Great Burnt Lake have been so impressive that management is weighing the potential to build out this asset as a company-maker.
With a tight share structure and cash position of C$2.5, Benton is well-funded to advance Great Burnt Lake while evaluating new opportunities. Catalysts in the coming months will include drill results from the current and upcoming programs, metallurgical test work, and potential new discoveries along this highly prospective VMS belt.
View Benton Resources' company profile: www.cruxinvestor.com/companies/benton-resources-in…
Sign up for Crux Investor: cruxinvestor.com/
6 ماه پیش
در تاریخ 1402/12/16 منتشر شده
است.
3,928
بـار بازدید شده