Sokoman and Benton - More High-Grade Lithium Results Kraken Pegmatites in Newfoundland Further grab sampling returns values up to 1.93% Li2O.
Sokoman and Benton - More High-Grade Lithium Results Kraken Pegmatites
in Newfoundland
Further grab sampling returns values up to 1.93% Li2O.
ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--November 9, 2021--Sokoman Minerals
Corp. (TSXV: SIC) (OTCQB: SICNF) (“Sokoman”) and Benton Resources Inc. (TSXV: BEX)
(“Benton”) together, (“the Alliance”) are pleased to announce that they continue to expand the extent of
the recently-discovered Kraken pegmatite field at the Golden Hope Joint Venture Project located in
southwestern Newfoundland. This is the first significant discovery of Lithium mineralization documented
in the province of Newfoundland and Labrador, Canada.
Phase 3 sampling at the Kraken pegmatite field has given grab-sample results grading from trace up to
1.93% Li2O with 11 samples having values >0.5% Li2O, and six samples >1% Li2O. The 49 grab samples
were collected over a 0.5 km2 area over the swarm of poorly-exposed pegmatite and aplite dykes which
display characteristics of significant pegmatite fields around the world including zonation of Tantalum,
Rubidium and Cesium minerals, all considered Critical Specialty elements for the Green electric future.
The Alliance has also discovered several new spodumene-bearing pegmatites to the west of the original
discovery, further expanding the dyke swarm. The dyke swarm has now been sampled over a strike length
of 2200 metres and an apparent width of 1200 metres. A further 50 samples were taken with results to be
released in the coming weeks.
A detailed LiDAR / Photogrammetry survey covering 8.4 km2 of the pegmatite field has now been
completed, extending westward to cover the high-grade Beryllium showing which had two samples
with >5000 ppm Be, and associated anomalous Lithium, Cesium, Rubidium and Tantalum values, and
also eastward to cover the possible extension of the newly-discovered eastern pegmatite swarm.
Samples were submitted to Actlabs in Ancaster, Ontario for analysis by Sodium Peroxide Fusion ICPOES
+ ICPMS.
Sokoman’s President and CEO Tim Froude, adds: “The Alliance has made great strides in expanding
this exciting new discovery and the mineralization is still open in all directions. It is clear we need to
gather as much critical data as we can prior to proposing a Phase 1 drilling program to maximize the
potential of this discovery. We are about to begin discussions with our respective Boards of Directors and
advisors as to how to proceed with this exciting opportunity for the maximum benefit of our
shareholders.”
Benton’s President and CEO Stephen Stares, states: “It is very evident that the Kraken pegmatite field
is quickly becoming something of potential economic interest. To find something brand new and of this
extent is truly exciting. With the growing demand for Lithium and other critical metals we are very happy
to be entering the race with this new discovery.”
QP
This news release has been reviewed and approved by Timothy Froude, P.Geo., President and CEO of
Sokoman Minerals Corp., and Nathan Sims, P.Geo., Senior Exploration Manager for Benton Resources
Inc., both the '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. Sokoman’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 also
recently entered into a strategic alliance with Benton Resources Inc. through three large-scale joint-
venture properties including Grey River Gold, Golden Hope and Kepenkeck in Newfoundland. 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. 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.
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, 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. 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.
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.
Contacts
CHF Capital Markets
Cathy Hume, CEO
Phone: 416-868-1079 x 251
Email: [email protected]
Sokoman Minerals Corp.
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: [email protected]
Benton Resources Inc.
Stephen Stares, President & CEO
Phone: 807-475-7474
Email: [email protected]
Website: www.sokomanmineralscorp.com; www.bentonresources.ca
Twitter: @SokomanMinerals, @BentonResources
Facebook: @SokomanMinerals, @BentonResourcesBEX
LinkedIn: @SokomanMinerals, @BentonResources