Spruce Ridge Resources Ltd. announced that Benton Resources Inc. has received partial assay results from its inaugural drill program at the Great Burnt Copper Gold Project in Newfoundland. Spruce and Benton have entered into an option agreement whereby Benton can earn an undivided 70% interest in Spruce's Newfoundland properties. Benton has issued two press releases to date, the initial release and the updated release.

Highlights include: Four drillholes initially completed (GB-23-01 to GB-23-04) with all four holes intersecting significant chalcopyrite mineralization; GB-23-01 intersected 4.13% Cu over 3.25 m from 69.05 to 72.30 m and 8.01% Cu over 4.30 m from 82.8 to 87.1 m; GB-23-02 intersected 8.31% Cu over 13.0 m from 161.89 to 174.89 m; Additional seven drillholes completed with all holes intersecting significant chal copyrite mineralization; Remaining assay results pending; Drilling extends along 350 m strike length; Drill program has been expanded to 4,000 m; and True widths are estimated to be 70% of the drillhole intervals. To earn a 70% interest in Spruce''s Newfoundland properties, Benton must complete $2.5 million in exploration expenditures within 36 months of the date of the Option Agreement (in addition to other terms). Spruce will comment further on the Benton results at its upcoming Annual General Meeting, which is scheduled for November 30, 2023, at 10:00 am ET.