Business
Benton Purchases Strategic Ground Directly Along Strike of the South Pond Gold Deposit from Noble Minerals
Thunder Bay, Ontario--(Newsfile Corp. - October 14, 2025) - Benton Resources Inc . (TSXV: BEX)&#...
About this update from Benton Resources, Inc.
[{"type":"text","content":"Benton Purchases Strategic Ground Directly Along Strike of the South Pond Gold Deposit from Noble MineralsThunder Bay, Ontario--(Newsfile Corp. - October 14, 2025) - Benton Resources Inc. (TSXV: BEX) (\"Benton\" or the \"Company\") is pleased to announce that it has entered into a purchase agreement to acquire a 100% interest in Noble Mineral Exploration Inc. (Noble) Island Pond Property. Subject to TSX Venture Exchange (TSXV) approval, the Company will pay a one-time cash payment of $30,000 CAD and issue 1,000,000 common shares to Noble. The Island Pond Property is strategically located north of Benton's South Pond Gold Zone within the Great Burnt Copper-Gold Project area. Geological and geophysical similarities between the Island Pond and South Pond areas suggest a potential continuation of significant gold-copper mineralization along the same structural trend.By securing 100% ownership of Island Pond, Benton has effectively expanded its land position and consolidated control over the northern extension of the South Pond trend. This could potentially add greater than 1000m to the current 2.7km's of mineralized trend. The company will plan immediate prospecting and geophysics to evaluate its potential. A map of this important strategic project is shown below in Figure 1.The shares will have a standard four-month hold period from the TSXV approval date and the project is subject to an underlying 2% Net Smelter Royalty (NSR) to an original underlying vendor and a 1% NSR to Noble. Benton will assume all rights of the original 2%, including the right to buy the NSR back for $1.5M, and a Right of First Refusal (ROFR) for Nobles 1% NSR.Figure 1: Noble Mineral Exploration OptionTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3657/270340_4ddfe972f468a831_002full.jpgTo date, Benton has drilled 23,300 m from late 2023 to present at Great Burnt and South Pond with some highlights listed below: South Pond Highlights SP-24-01: 18.80 m of 1.13g/t, and 5.96 m of 2.06g/t Au SP-24-03: 43.75 m of 1.62g/t Au, incl 4.00 m of 3.99g/t Au SP-24-07: 74.20 m of 1.43g/t Au, incl 8.00 m of 2.94g/t Au SP-24-08: 14.00 m of 1.23g/t Au incl, 4.00 m of 2.33g/t Au SP-24-09: 24.00 m of 1.48g/t Au, incl 7.00 m of 2.03g/t Au SP-24-10: 20.00 m of 1.04g/t Au, and 25.00 m of 1.54g/t AuSP-24-12: 27.07 m of 1.08g/t ...