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Benton Resources Acquires Strategic Claims Directly Along Strike from Equinox Gold's Valentine Gold Mine in Central Newfoundland
Thunder Bay, Ontario--(Newsfile Corp. - August 13, 2025) - Benton Resources Inc.  (TSXV: BE...
About this update from Benton Resources, Inc.
[{"type":"text","content":"Benton Resources Acquires Strategic Claims Directly Along Strike from Equinox Gold's Valentine Gold Mine in Central NewfoundlandThunder Bay, Ontario--(Newsfile Corp. - August 13, 2025) - Benton Resources Inc. (TSXV: BEX) (\"Benton\" or the \"Company\") is pleased to announce that it has staked four licences totaling 108 claim units directly along strike from Equinox Gold's Valentine Gold Mine, located in Central Newfoundland, Canada. The Company has also, subject to regulatory approval, executed a purchase agreement (the \"Agreement\") with Quest Inc. (\"Quest\"), an arm's-length private company, for two licences encompassing 33 claim units, bringing its total Victoria Lake land package to 141 claims. In accordance with the Agreement, the Company will pay Quest a one-time cash payment of $6,000 and issue 200,000 shares of the Company for a 100% interest in Quest's claims. Quest will retain a 2% Net Smelter Return (\"NSR\"), whereby Benton will have the right to buy back 1% for $1.5 million. In addition, the Company has granted Quest a 0.25% NSR on three of the Company's staked claims (Licences 039488M, 039556M, and 039560M) and on a portion of Licence 039590M. A detailed compilation by Benton, using first-derivative magnetics and historical assessment work filed with the Government of Newfoundland, along with a public press release from Marathon Gold (see Marathon Gold Corporation Press Release dated March 06, 2023) shows that the favourable trend and gold structures continue south west towards Benton's new Victoria West Project (Figure 1). In particular, a soil sampling program completed and released by Marathon Gold highlighted this favourable contact trend with highly anomalous gold values up to 169 ppb Au in soils near the water's edge trending toward Benton's newly acquired claims (Figure 2).Figure 1: Compilation on the Victoria West Project To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3657/262304_589c1509e4368bbf_002full.jpgFigure 2: Western Peninsula Gold in Soils on the Victoria West ProjectTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/3657/262304_589c1509e4368bbf_003full.jpgStephen Stares, Company President and CEO, commented, \"This is yet another fantastic opportunity for Benton and its shareholders as it str...