Benton Resources Unveils New Gold Discovery and Copper Anomaly at Great Burnt Project

The latest update is out from Benton Resources ( (TSE:BEX) ).

Benton Resources Inc. has announced the discovery of high-grade gold samples and a large copper soil anomaly at its Great Burnt Project in Newfoundland. The new gold discovery, located northeast of the South Pond Gold Copper Deposit, could extend the SP horizon by 725 meters. Additionally, a significant copper anomaly has been identified, prompting plans for an airborne geophysical survey to guide future exploration. The ongoing drill program has shown promising results, indicating a robust and expansive mineral system, which could enhance Benton’s industry positioning and stakeholder value.

Spark’s Take on TSE:BEX Stock

According to Spark, TipRanks’ AI Analyst, TSE:BEX is a Underperform.

Benton Resources’ stock is significantly weighed down by financial and valuation challenges, including zero revenue and ongoing losses. While the company’s strong equity and recent corporate strategies offer some hope, negative cash flows and weak technical indicators result in a low overall score.

To see Spark’s full report on TSE:BEX stock, click here.

More about Benton Resources

Benton Resources Inc. is a well-financed mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. The company has a diversified and highly prospective property portfolio, holding significant equity positions in other mining companies with high-quality assets. Benton focuses on advancing its high-grade Copper-Gold Great Burnt Project in central Newfoundland, which has a substantial mineral resource estimate and excellent potential for further discoveries.

Average Trading Volume: 231,573

Technical Sentiment Signal: Sell

Current Market Cap: C$18.29M

Learn more about BEX stock on TipRanks’ Stock Analysis page.