Benton Resources and Sokoman Minerals Report Kraken Lithium Prospect Phase 3 Drilling Program Underway; First Three Holes Cut Spodumene-Rich Dykes up to 14 m Thick
Benton Resources and Sokoman Minerals
Report Kraken Lithium Prospect Phase 3
Drilling Program Underway; First Three Holes
Cut Spodumene-Rich Dykes up to 14 m Thick
Thunder Bay, Ontario--(Newsfile Corp. - November 30, 2022) - Benton Resources Inc. (TSXV: BEX)
("Benton") and Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman"), together, (the
"Alliance") are happy to report the commencement of the third phase of drilling at the Kraken Lithium
Prospect. The Alliance is also extremely pleased to announce a new discovery, the
Killick Zone,
where
surface grab samples graded up to 1.12% Li
2
O, located 200 m south of the East Dyke Zone
(see press
release October 18, 2022)
.
Currently, the Alliance has completed three holes GH-22-25, GH-22-26, and GH-22-27 on the new
discovery, intersecting multiple, near-surface, spodumene-bearing dykes. Hole GH-22-25 cut eight
pegmatite dykes ranging from 0.8 m to 11.2 m thick (drilled thickness, true thickness uncertain at this
time), including an 8.8 m interval with visible spodumene in the 11.2 m dyke. Hole GH-22-26, drilled 35
m behind GH-22-25, also cut multiple
spodumene-bearing dykes with drilled thicknesses ranging from
0.8 m to 10.5 m.
The 10.5 m-thick dyke carried visible spodumene over its entire width. Hole GH-22-27
was drilled 30 m north of holes 25 and 26 along strike and cut two pegmatite dyke zones of 14.2 m and
2.95 m thick. Visual spodumene is present over 12.83 m of the 14.2 m interval and the entire length of
the 2.95 m interval.
The planned drill program will consist of a minimum of 2,000 m targeting the new
Killick Zone,
and well
as the main
Kraken Discovery Dyke
area located 0.6 km to 1.2 km to the west of the Killick and East
Dyke area. The current drill program is expected to continue until the start of the holiday break in mid-
December. The core has been logged and is currently being prioritized to facilitate faster sampling of the
mineralized sections. The Alliance continues to be impressed with the rate of discovery in this new
lithium district and looks forward to the future exploration success of this exciting lithium project located
in the mining-friendly province of Newfoundland and Labrador.
New Killick Zone Discovery- Kraken Lithium Prospect - Golden Hope Joint Venture
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Kraken Project Highlights:
First significant lithium discovery on the Island of Newfoundland in July 2021; select grab samples
returned values from trace up to
2.37% Li
2
O
over a
2.2 km
strike length, the discovery remains
open with the Alliance controlling an additional 60 km of potential strike extensions. A
reconnaissance drill campaign in early 2022 intersected
0.94% Li
2
O over 8.40
m
on the
Kraken
Discovery Dyke
.
Second drill campaign in summer 2022 (3,073 m / 18 holes) focused on the East Dyke area 600
m to the east of the Kraken Discovery Dyke, intercepted multiple stacked dykes including
0.60%
Li
2
O over 20.82 m (46.00 m to 66.82 m), including 1.16% Li
2
O over 5.50 m, including 1.43%
Li
2
O over 2.68 m.
Discovery of the new high-grade Cesium Zone 12 km to the east northeast of Kraken with grab
samples assaying up to
1.56% Cs
2
O (cesium oxide), 0.4% Li
2
O (lithium oxide), 0.022%
Ta
2
O
5
(tantalum oxide), and 0.30% Rb
2
O (rubidium oxide)
,
released November 17, 2022
.
Third phase drill program currently underway with the first three holes intersecting visual
spodumene over significant thicknesses up to 11.2 m in the new
Killick Zone
200 m south of East
Dyke.
The third phase drilling will also target a 600 m to 700 m strike extension immediately west of the
Kraken Discovery Dyke
which has
multiple untested surface samples and dyke occurrences
grading in excess of 1% Li
2
O, as well as strong soil geochemistry.
Lithium soil geochemistry over areas of spodumene-bearing dykes outlines the mineralization.
Subsequent soil sampling along trend and to the north of the known zones has identified multiple
strong lithium-in-soil anomalies, now prioritized for prospecting.
Given its effectiveness, the
Alliance has launched an extensive and systematic lithium soil survey at Golden Hope.
The Alliance believes the extensive (~800 sq km) Golden Hope project has excellent potential for
additional discoveries. Exploration is still in its infancy and the Alliance has control over a district-
scale lithium play similar in scale to the large systems in the Appalachians, including the important
deposits held by
Piedmont Lithium Inc.
in the Carolinas, USA, as well as the Avalonia Project of
International Lithium in a joint venture with GFL International Co. Ltd., a subsidiary of
Ganfeng
Lithium
Co. Ltd.
in the Caledonides of Ireland. Golden Hope lies along the prolific Appalachian-
Caledonian Lithium Belt extending from the UK to the Eastern US.
Spodumene- (lithium) rich section of GH-22-25- Killick Zone - Kraken Lithium Prospect - Golden
Hope Joint Venture
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Spodumene- (lithium) rich section of GH-22-26- Killick Zone - Kraken Lithium Prospect - Golden
Hope Joint Venture
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Benton's President and CEO Stephen Stares, states:
"This project continues to surprise us with
more lithium-rich pegmatites, and I have no doubt we are onto a very important discovery of much-
needed strategic metals on the Island of Newfoundland. We continue to show the robust extent of these
highly-evolved pegmatite fields from multiple zones of high-grade Lithium at the Kraken, to the discovery
of high-grade Cesium 12 km to the East. We are very pleased with our continued success and look
forward to receiving assay results from our ongoing exploration efforts."
Sokoman's President and CEO Tim Froude, comments:
"We have stated in the past that the true
size of the lithium-rich system on the Golden Hope Property is still unknown, today's announcement
further emphasizes that fact. The Killick Zone discovery is yet another example of just how well
mineralized this corridor is, and with several rock and soil anomalies as yet untested, we feel numerous
more discoveries are yet to be made. At this time, it is not possible to determine if the dykes at the
Killick Zone are the western extension of the East Dyke, or if they represent a new, subparallel trend.
Drilling to test the western extension of the Kraken Discovery Dyke will focus on the 2 km long lithium-in-
soil anomaly, as well as numerous outcrops and float of spodumene mineralization that are known."
QP
This news release has been reviewed and approved by Timothy Froude, P.Geo., President and CEO of
Sokoman Minerals Corp., and a Director of Benton Resources Inc. Mr. Froude is a 'Qualified Person'
under National Instrument 43-101.
Analytical Techniques / QA/QC
Samples, including duplicates, blanks, and standards, were submitted to SGS Canada Inc. in Grand
Falls-Windsor, Newfoundland for prep and then sent to SGS Canada Inc. analytical laboratory in
Burnaby, British Colombia. All core samples submitted for assay were saw cut by Benton personnel with
one-half submitted for assay and one-half retained for reference. Samples were delivered in sealed
bags directly to the Grand Falls-Windsor prep lab by Benton personnel or contractor. SGS Canada Inc.
("SGS") is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples are
analyzed using SGS's GS_IMS91A50 method that delivers a 56-element package utilizing sodium
peroxide fusion, ICP-AES, and ICP-MS analytical techniques. One blank and one industry-approved
standard for every twenty samples submitted is included in the sample stream. Random duplicates of
selected samples are analyzed in addition to the in-house standard and duplicate policies of SGS
Canada Inc. All reported assays are uncut.
All soil samples were analyzed for lithium at Eastern Analytical in Springdale, NL. Lithium package
includes Lithium, Lithium Oxide, Tantalum, Niobium, and Tin. One (1) gram of sample is digested to
dryness in three acids (Nitric, Perchloric, and Hydrofluoric). After which HCl is added and brought to a
boil on a hotplate. It is then topped to volume (200 ml) with distilled water and read on the ICP-OES.
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 of Gold, Silver, Nickel, Copper, Platinum Group
Elements, and most-recently Lithium and Cesium assets. In addition, it currently holds large equity
positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX
retains Net Smelter Return (NSR) royalties with potential long-term cash flow.
Benton also is a 50/50 partner in a 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.
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 and Crippleback Lake Projects, 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
Thomas Do, Investor Relations Manager
Phone:
416-868-1079 x 232
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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