Benton Resources Reports High-Grade Gold Samples at Dominion Project
Benton Resources Inc. (TSXV:BEX) has announced high-grade gold sample results from the Quinlan and Rickirb zones at its Dominion Project. In the Quinlan zone, channel sampling returned grades of up to 37.87 grams per tonne of gold over a 1.0-meter span, as well as 6.59 grams per tonne of gold across 6.0 meters. Meanwhile, surface grab samples at the Rickirb zone yielded gold grades reaching up to 79.1 grams per tonne. Despite the news, the company's shares fell 6.25% to 0.075 CAD.
These high-grade surface and channel findings indicate strong vein potential and surface prospectivity at this early-stage exploration project. Both target areas have now been declared ready for drilling, which is a critical step toward confirming whether the gold mineralization has the necessary scale, depth, and continuity to support a commercial discovery. Additionally, the company is moving forward with a spin-out of its Great Burnt asset, which could potentially distribute 15.0 million CAD in value to shareholders and help fund further advancement.
Investors should monitor the upcoming assay results for 159 pending channel samples, which could further define or expand the known mineralized zones. The commencement of the planned drilling program at Quinlan and Rickirb will also serve as a key milestone to verify the depth and continuity of the gold grades.
Key points
- Benton Resources reported channel samples up to 37.87 grams per tonne of gold over 1.0 meter at the Quinlan zone.
- Grab samples at the Rickirb zone returned high gold grades of up to 79.1 grams per tonne.
- Both the Quinlan and Rickirb zones are now considered ready for exploratory drilling.
- The company is currently awaiting assay results for an additional 159 channel samples.
- A progressing spin-out of the Great Burnt asset could distribute up to 15.0 million CAD in value.
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How we writeDisclaimerQuestions and answers
What did Benton Resources find at the Dominion Project?
The company discovered high-grade gold, including channel samples up to 37.87 grams per tonne over 1.0 meter at Quinlan and grab samples up to 79.1 grams per tonne at Rickirb.
What are the next steps for the Quinlan and Rickirb zones?
Both zones are now drill-ready, and the company is awaiting assay results for 159 pending channel samples to help plan future drilling.
What is the status of the Great Burnt asset?
Benton Resources is progressing a spin-out of the Great Burnt asset, which has a potential value distribution of 15.0 million CAD.
