Benton and Sokoman Report First Drill Assay Results from the Kraken Pegmatite Field - Golden Hope Project, SW Newfoundland The 8.4 metre pegmatite dike averaged 0.95% Li2O with grades hitting a high of 1.76% Li2O
Benton and Sokoman Report First Drill Assay
Results from the Kraken Pegmatite Field -
Golden Hope Project, SW Newfoundland
The 8.4 metre pegmatite dike averaged 0.95% Li2O with grades
hitting a high of 1.76% Li2O
Thunder Bay, Ontario--(Newsfile Corp. - March 24, 2022) - Benton Resources Inc. (TSXV: BEX)
("Benton") and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman") together, ("the
Alliance") are pleased to report the first assay results from the 1,025 m reconnaissance drilling program,
that tested the recently discovered Kraken pegmatite field on the Golden Hope Joint Venture Property in
southwestern Newfoundland. The samples were cut from an 8.40 m wide (drilled thickness), spodumene-
bearing, pegmatite dike that returned the following assays:
Widths reported are believed to be 90% of true thickness
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Assay values ranged from 0.08% to 1.76% Li
2
O reflecting variations of spodumene content,
and the presence of occasional barren wall rock or quartz vein inclusions, averaging 0.95%
Li
2
O over 8.40 m from 47.8 to 56.2 m.
Other pegmatite dikes ranging from 0.40 m to 2.30 m with
variable spodumene content were also intersected in hole GH-22-01 with assays pending. Gold analysis
results from the host sericite schist units carrying variable pyrite are also pending. All samples submitted,
1,165 including blanks and standards, for the remainder of GH-22-01 as well as for holes GH-22-02 to
06 are pending.
Golden Hope Project - Kraken Pegmatite Swarm Drilling/Sampling Update
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The 1,025 m program focused on a 100 m by 150 m area in the vicinity of the initial discovery (see map),
which included more than 100 float and outcrop grab samples and composite chip samples, that
returned lithium values ranging from 0.05% to 2.37% Li
2
O. Multiple mineralized, spodumene-bearing
dikes were intersected in all drill holes ranging from less than 1.0 m to 8.40 m in drilled thickness (true
thicknesses believed to be 90% of drilled thickness), from surface to approximately 50 m vertically below
surface. The Kraken pegmatite field has been sampled over a strike length of 2,200 metres and an
apparent width of 1,200 metres, and historical assessment work reports pegmatite dikes exposed up to
6 kilometres along trend.
All samples have been shipped to Activation Laboratories in Ancaster, Ontario for multi-element analysis
including lithium, tantalum, cesium and other rare/critical metals by Sodium Peroxide Fusion ICPOES +
ICPMS. Gold will be analyzed by fire assay.
The property lies along the Bay d'Est fault system, a gold prospective fault structure in southern
Newfoundland that extends through the Sokoman/Benton licences. The Alliance continues to evaluate
historical data for significant gold and lithium mineralization and will restart ground prospecting and
follow-up exploration once weather conditions permit.
Benton's President and CEO Stephen Stares, states:
"The first drill hole drilled for lithium on the
Island of Newfoundland has confirmed good grades of lithium comparable to other lithium pegmatite
systems worldwide. We've barely scratched the surface of this extensive system and we're anxious to
get back on the ground, prosecting, sampling, mapping and drilling and completing more regional
exploration in general. Both companies are very well financed to execute our upcoming field season
plans. I'm confident that this summer will unveil excellent value for our shareholders."
Sokoman's President and CEO Tim Froude, comments:
"The Alliance is pleased with the first
assays from our recon drilling program at the Kraken pegmatite field. Our objectives for the program
were to establish significant lithium values to depth and to better understand the distribution and
orientation of the dikes - the results have confirmed our objectives, with grades reported comparing
favourably to many global lithium projects currently known. We wish to emphasize that we have just
scratched the surface with the exploration to date, and that we have extensive work ahead of us to
establish the limits of the dike swarm given that previous workers have reported pegmatites at least six
kilometres on trend from the area just drilled. The Alliance is purchasing a camp to facilitate a larger drill
program that will be put in place once we receive all required permits. In the meantime, as soon as
conditions allow, we will be prospecting and sampling the many reported dike occurrences beyond the
area already sampled to establish the true extent of the lithium-enriched dike swarm."
The Alliance has created a short video for this announcement.
Investors can watch it HERE
.
QP
This news release has been reviewed and approved by Timothy Froude, P. Geo., President and CEO of
Sokoman Minerals Corp. a 'Qualified Person' under National Instrument 43-101.
COVID-19 Protocols
To ensure a working environment that protects the health and safety of the staff and contractors, Benton
and Sokoman will continue to use best practices in the course of performing our work programs and will
follow any future federal or provincially mandated or recommended COVID-19 guidelines.
About Benton Resources Inc.
Benton Resources Inc. is a well-funded mineral exploration company listed on the TSX Venture
Exchange under the symbol BEX. Following a project generation business model, Benton has a
diversified, highly prospective property portfolio in Gold, Silver, Nickel, Copper, Lithium, and Platinum
Group Elements and currently holds large equity positions in other mining companies that are advancing
high-quality assets. Whenever possible, BEX retains Net Smelter Return (NSR) royalties for potential
long-term cash flow. In 2021, Benton entered into a 50/50 strategic alliance with Sokoman Minerals
Corp. (TSXV: SIC) through three large-scale joint-venture properties including Grey River Gold, Golden
Hope and Kepenkeck in Newfoundland that are now being explored.
About Sokoman Minerals Corp.
Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador,
Canada. The company's primary focus is its portfolio of gold projects: flagship, 100%-owned
Moosehead, Crippleback Lake (optioned to Trans Canada Gold Corp.) and East Alder (optioned to
Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur
de Lys project in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold
mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in
Scotland. The company has also entered into a strategic alliance (the Alliance) with Benton Resources
Inc. through three large-scale joint-venture properties including Grey River Gold, Golden Hope and
Kepenkeck on the island of Newfoundland. Sokoman now controls independently and through the
Alliance over 150,000 hectares (>6,000 claims - 1,500 sq. km), making it one of the largest landholders
in Newfoundland, Canada's newest and rapidly-emerging gold district. Sokoman also retains an interest
in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources
Inc., and in Labrador, the company has a 100% interest in the Iron Horse (Fe) project that has Direct
Shipping Ore (DSO) potential.
For further information, please contact:
CHF Capital Markets
Cathy Hume, CEO
Phone:
416-868-1079 x 251
Email:
Benton Resources Inc.
Stephen Stares, President & CEO
Phone:
807-475-7474
Email:
Sokoman Minerals Corp.
Timothy Froude, P. Geo., President & CEO
Phone:
709-765-1726
Email:
Website:
www.bentonresources.ca
,
www.sokomanmineralscorp.com
Twitter:
@BentonResources
,
@SokomanMinerals
Facebook:
@BentonResourcesBEX
,
@SokomanMinerals
LinkedIn:
@BentonResources
,
@SokomanMinerals
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of
applicable securities legislation. Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and estimates of amounts not yet
determinable. Any statements that express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not statements of historical fact and may
be "forward-looking statements."
Forward-looking statements are subject to a variety of risks and uncertainties which could cause
actual events or results to differ from those reflected in the forward-looking statements, including,
without limitation: risks related to failure to obtain adequate financing on a timely basis and on
acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks
associated with mining and exploration; risks related to the maintenance of stock exchange listings;
risks related to environmental regulation and liability; the potential for delays in exploration or
development activities or the completion of feasibility studies; the uncertainty of profitability; risks and
uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral
deposits; risks related to the inherent uncertainty of production and cost estimates and the potential
for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility
that future exploration, development or mining results will not be consistent with the Alliance's
expectations; risks related to gold price and other commodity price fluctuations; and other risks and
uncertainties related to the Alliance's prospects, properties and business detailed elsewhere in the
Alliance's disclosure record. Should one or more of these risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary materially from those
described in forward-looking statements. Investors are cautioned against attributing undue certainty to
forward-looking statements. These forward-looking statements are made as of the date hereof and the
Alliance does not assume any obligation to update or revise them to reflect new events or
circumstances. Actual events or results could differ materially from the Alliance's expectations or
projections.
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