The objective of this study is to describe the mineralogical composition and chemical properties of the Oraşu Nou bentonite, from northwestern Romania. For mineralogical determinations, the following were used: X-ray diffraction (XRD), Fourier transform infrared spectroscopy (FR-IR), thermogravimetric analysis, scanning electron microscopy coupled with energy-dispersive X-ray spectroscopy (SEM-EDX). The chemical compositions and physical properties of the bentonites and bentonitized rocks were also determined. Calcium type montmorillonite is the predominant mineral in this deposit. Its average mass fraction is between 35% and 75%, reaching up to 95%. A small amount of halloysite and very fine cristobalite were also identified in the fine fraction. Quartz, feldspar, and kaolinite were identified as impurities. The average pH of natural bentonite is 6.2. Its cation exchange capacity (CEC) is in the lower-middle range for smectites at 45.89 cmol/kg, absorption capacity 43.58 mL/g, swelling degree 9.41%. Because of the high amounts and purity of montmorillonite, the valuable component mineral, the way is open to an easy refinement of this important resource. This way very high-quality colloidal suspensions can be obtained which can be used in the most modern applications of micro- and nanostructured materials.