Sokoman / Benton Intersect Gold in all Five Drill Holes over 5 km Strike Length Confirming Extensive Gold System at Grey River
Sokoman / Benton Intersect Gold in all Five Drill Holes over 5 km Strike
Length Confirming Extensive Gold System at Grey River
ST. JOHN'S, NL / ACCESSWIRE / March 16, 2022 / Sokoman Minerals Corp. (TSXV: SIC)
(OTCQB: SICNF) ("Sokoman") and Benton Resources Inc. (TSXV: BEX) ("Benton") together
(the "Alliance"), are pleased to announce the results from the maiden drill program at Grey River,
Newfoundland. The Alliance reports that the drilling has returned multiple intersections in drill
holes covering 5.0 kilometers of strike length and is open in all directions. The results are
highlighted by GR-21-01, the easternmost hole drilled, that intersected three distinct gold zones
including a high-grade interval of 10.58 g/t Au over 1.80 m including 50.13 g/t Au over 0.35 m.
Program highlights include:
DDH # Target
From
(m)
To
(m)
Length
m*
Au
(g/t)
GR-21-01 Historical Au - 0.25 g/t 33.40 35.00 1.60 1.40
and 45.30 48.35 3.05 2.64
and 74.50 76.30 1.80 10.58
incl 74.50 74.85 0.35 50.13
GR-21-02
Surface chip - 134 g/t
Au 77.00 77.70 0.70 2.04
and 81.90 84.00 2.10 0.80
and 98.00 105.40 7.40 1.14
incl 101.00 101.75 0.75 8.22
GR-21-03 Historical Au - 3.80 g/t and 124.00 126.00 2.00 1.78
and 164.00 168.00 4.00 1.37
GR-21-04 Surface grab - 0.80 g/t
Au 115.50 115.80 0.30 1.25
and 128.10 131.00 2.90 1.36
GR-21-05 Test EM Anomaly 93.00 99.40 6.40 0.29
incl 95.90 96.80 0.90 1.67
* Core lengths - believed to be 90% of reported lengths.
Grey River 2021 Drilling Program Map
Timothy Froude, P. Geo., President and CEO of Sokoman states; "The first drilling that tested
the gold potential of this huge system has exceeded our expectations. It is hard to believe that the
area has never been drilled for gold even though gold was first reported from the property in the
1980s. In addition to the assays in the table, broad zones of anomalous Au mineralization, from 5
to 250 ppb, were intersected in all holes. More exploration is required to understand the controls
on the gold mineralization particularly the high -grade zones which are found in tw o areas on the
property over four kilometers apart. The highest-grade results are from the easternmost hole (GR-
21-01) and all the mineralized zones are open in every direction."
Stephen Stares, President and CEO of Benton states ; "It is important for shar eholders to
understand the scale and potential of this project. We've essentially tested random areas of a huge
silica zone to see if the system was carrying gold mineralization at depth. This maiden drill
program has exceeded our expectations, and not only did we hit gold in every hole over 5 km, but
we've also confirmed high grades which is open in all directions. The alliance is very excited to
get back working on this project and permitting for a more extensive exploration program
including 25 to 30 dri ll holes is underway. I truly believe this very large (>10 km) silica system
could be host to a very significant gold deposit and I can hardly wait to get drills turning again."
Field setup for GR-21-01 - Grey River JV Property
Gold mineralization is associated with extensive silica zones containing 2% -20% disseminated
and stringer pyrite in the >10 km quartz/silica body in the eastern half of the property. The higher
grades appear to be associated with discreet quartz-sulphide veins that cut the silica body at a low
angle. Historic grab samples, and recent grab samples taken by Sokoman and Benton personnel
(see September 2, 2021 press release ), have given gold values ranging from 5 ppb to 225 g/t Au
and drilling has confirmed the gold mineralized zones are extensive. Previously released assay
values from GR-21-01 (37.65 g/t Au over 0.35 m) have increased to 50.13 g/t Au over 0.35 m due
to re-assaying using the metallic screen method suggesting that free gold is present.
Previous workers have compared the gold mineralization at Grey River to the high -grade Pogo
gold mine in the Tintina district of Alaska. The Pogo mine, to the end of 2019, produced 3.9M oz
gold at 13.6 g/t Au (Northern Star Resources, November 22, 2021).
Noteworthy of the Grey River project is:
• No previous drilling for gold in the silica zone which has been mapped over a 10 km strike
length and remains open - most holes collared in, and ended in, the silica zone
• Gold mineralization has been located in five holes over a 5 km strike length
• Gold zones in multiple drill holes with grades up to 50.13 g/t Au
• 25-30 drill holes planned to start spring/early summer 2022
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,
Sokoman and Benton are operating under federally and provincially mandated and recommended
guidelines during the current COVID-19 alert level.
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 including the
flagship, 100% -owned Moosehead Project, currently the focus of an ongoing 100,000 m drill
program, as well as the Crippleback Lake (optioned to Trans Canada Gold Corp.) and East Alder
(optioned to Canterra Minerals Corporation) projects along the Central Newfoundland Gold Belt,
and the district -scale Fleur de Lys project in nor thwestern Newfoundland, which is targeting
Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits
in Northern Ireland, and Cononish in Scotland. In 2021, the Company entered into a strategic
alliance with Benton Reso urces Inc. through three large -scale joint venture properties in
Newfoundland including Grey River Gold, Golden Hope and the Kepenkeck Properties. Sokoman
now controls independently and through the Benton 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 districts. The Company also retains an interest in an early -stage
antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Reso urces Inc., and
in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project that has Direct
Shipping Ore (DSO) potential.
About Benton Resources Inc.
Benton Resources Inc. is a well -funded mineral exploration company listed on the TSX Ventu re
Exchange under the symbol BEX. Following a project generation business model, Benton has a
diversified, highly prospective property portfolio in Lithium, Gold, Silver, Nickel, Copper, and
Platinum Group Elements and currently holds large equity position s 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. Benton has also recently 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
Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative o f
mineralization hosted on the Alliance's property.
For further information, please contact:
To learn more, please contact:
Timothy Froude, P.Geo.,
President & CEO
Cathy Hume, Director,
Investor Relations
Website:
www.sokomanmineralscorp.com
709-765-1726 416-868-1079 x 251 Twitter: @SokomanMinerals
[email protected] [email protected] Facebook: @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, pl ans, 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 acti vities 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 expe ctations; 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.
SOURCE: Sokoman Minerals Corp.