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An update from Benton Resources ( (TSE:BEX) ) is now available.
Benton Resources Inc. has acquired a 100% interest in Noble Mineral Exploration Inc.’s Island Pond Property, strategically located north of Benton’s South Pond Gold Zone within the Great Burnt Copper-Gold Project area. This acquisition, pending TSX Venture Exchange approval, involves a cash payment and issuance of shares to Noble. The Island Pond Property’s geological and geophysical similarities with South Pond suggest potential for significant gold-copper mineralization, potentially extending the mineralized trend by over 1000 meters. Benton plans immediate prospecting and geophysics to evaluate the site’s potential, enhancing its land position and consolidating control over the northern extension of the South Pond trend.
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 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 and holds 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 features a Mineral Resource estimate of 667,000 tonnes @ 3.21% Cu Indicated and 482,000 @ 2.35% Cu Inferred. The project covers 25km of strike with six known Cu-Au-Ag zones open for expansion.
Average Trading Volume: 203,068
Technical Sentiment Signal: Hold
Current Market Cap: C$21.62M
Learn more about BEX stock on TipRanks’ Stock Analysis page.