Drilling to Re-start at Kraken Immediately
St. John’s, NL – November 17, 2022 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (“Sokoman”) and Benton Resources Inc. (TSXV: BEX) (“Benton”) together, (the “Alliance”) are pleased to announce the discovery of a high-grade cesium-rich dyke with grab samples assaying up to 1.56% Cs2O (cesium oxide), 0.4% Li2O (lithium oxide), 0.022% Ta2O5 (tantalum oxide), and 0.30% Rb2O (rubidium oxide). This is the first high-grade cesium mineralization recorded on the Island of Newfoundland.
The cesium-rich dyke is approximately 5 m – 6 m wide and has been traced for approximately 100 m along strike to where it disappears under overburden in both directions. The dyke is located approximately 12 km northeast of the Kraken lithium discovery. The Alliance has completed first-pass channel sampling across the dyke with results pending.
The cesium-rich dyke is distinctly different from the main Kraken field containing very coarse, as well as fine-grained phases, with the coarse phase a dark grey quartz (+/- pollucite*), coarse green mica, and large (20 cm – 30 cm) grey/white blocky plagioclase crystals. Minor black to green tourmaline or tantalite as well as fine-grained pinkish garnet and other minerals, including lepidolite, a lithium-rich mica, may be present, but until petrographic work is completed, the full suite of minerals in the dyke is uncertain. Samples have been shipped to Vancouver Petrographics for thin sectioning and mineral identification.
Detailed mapping, as well as additional sampling, will be conducted once the channel results are received. The results below are values for random grab samples taken along a 15 m portion of the cesium-rich dyke, the only results to date. Results of the petrographic examination and the channel sample values will be released as they are received.
* pollucite – believed to be the mineral containing the cesium mineralization reported above.
Table 1: Reconnaissance Sampling Results – Cesium Discovery – Golden Hope Joint Venture
Cesium is rare globally. The United States and Canada have included cesium, lithium, and tantalum (among others) in their lists of Critical Minerals / Elements since each of them has been identified as being essential to the economy and national security. At this point in time there are only two pegmatite mines globally that produce cesium:
- Bitika, Zimbawe (currently not producing)
- Sinclair, Australia
The Alliance also announces that Phase 3 drilling will start in the next few days on the Kraken main dyke and the western extension areas where prospecting samples have given values >1% Li2O. Approximately 20 holes are planned.
The Alliance is extremely pleased with the continued success on the Golden Hope Project and the new discovery of cesium along with lithium, tantalum, and rubidium in an area far removed from the original Kraken discovery. Given the results to date, the Alliance is confident that ongoing prospecting and soil geochemistry surveys will make more discoveries along the 100% owned, 60 km long, structural trend hosting the Kraken and cesium-rich dykes.
The Kraken Pegmatites are highly evolved pegmatite swarms, similar to the geological environment and setting of other large systems in the Appalachian belt, including the important deposits held by Piedmont Lithium Inc. in the Carolinas, eastern US, as well as in the geologically equivalent 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. All samples were submitted to Actlabs in Ancaster, Ontario for analysis by Sodium Peroxide Fusion ICPOES + ICPMS.
Timothy Froude, P. Geo., President and CEO of Sokoman stated: “The LCT (Lithium-Cesium-Tantalum) potential of the Golden Hope Project continues to prove itself. With this news of the discovery of significant cesium as well as anomalous values of other critical metals, Golden Hope has evolved into a potentially significant host to many metals in high demand to power and build the new economy. We are also pleased to resume drilling in the main Kraken field, in particular to the west of the discovery area where no drilling has taken place to date and where strong soil geochemistry as well as multiple >1% Li2O samples were collected. In the meantime, soil sampling along the 60 km trend controlled by the Alliance will continue until the closure of the camp for the holiday break.”
Stephen Stares, President and CEO of Benton stated: “The Golden Hope Project continues to deliver exceptional new discoveries and results. I’m extremely excited and encouraged that we have located further new high-grade LCT-type pegmatites and I’m confident we will make more new discoveries as we continue with our aggressive exploration plans.”
This news release has been reviewed and approved by Timothy Froude, P.Geo., President and CEO of Sokoman Minerals Corp., and Stephen House, P.Geo., VP Exploration of Benton Resources Inc., both the “Qualified Person” under National Instrument 43-101.
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, 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, which is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The company is also a 50/50 partner in 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. The company 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.
Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Sokoman’s property.
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.
For further information, please contact:
CHF Capital Markets
Thomas Do, IR Manager
Phone: 416-868-1079 x 232
Timothy Froude, P.Geo., President & CEO
Stephen Stares, President & CEO
Website: www.sokomanmineralscorp.com , www.bentonresources.ca
Twitter: @SokomanMinerals , @BentonResources
Facebook: @SokomanMinerals , @BentonResourcesBEX
LinkedIn: @SokomanMinerals, @BentonResources
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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