- Benton Resources (BEX) has completed a 1025-metre reconnaissance drilling program at the Golden Hope Project in southwestern Newfoundland
- The project is a Joint Venture with Sokoman Minerals (SIC)
- Testing took place at the recently-discovered Kraken Pegmatite Field
- This represents the first known drill program directly targeting lithium mineralization in the province
- Benton Resources is unchanged, trading at $0.18 at 9:30 a.m. EST
Benton Resources (BEX) has completed a 1025-metre reconnaissance drilling program at the Golden Hope Project in southwestern Newfoundland.
The project is a Joint Venture with Sokoman Minerals (SIC).
Testing took place at the recently-discovered Kraken Pegmatite Field.
This represents the first known drill program directly targeting lithium mineralization in the province.
Benton and Sokoman have a 50-50 strategic alliance with on three large-scale joint-venture properties including Grey River Gold, Golden Hope and Kepenkeck in Newfoundland that are now being explored.
The five-hole program focused on a 100-metre by 100-metre area in the vicinity of the initial discovery. It included more than 100 float and outcrop grab samples and composite chip samples, that returned lithium values ranging from 0.05 percent, to 2.37 percent.
Core logging and sampling are ongoing and are expected to be completed in one week. All samples will be shipped to a laboratory for multi-element analysis including lithium, tantalum, cesium, and other rare and critical metals.
“Even though we only tested a small portion of the Kraken pegmatites, Benton is quite pleased with the data and understanding received in this current program. It’s apparent that the Alliance should establish an onsite camp and use a tracked drill rig to test the scale of the Kraken pegmatite swarm more efficiently. In addition, the large zones of silicification and sulphides are a welcome surprise, and it will be interesting to see if there is gold in this mineralized system. We are excited for the future of this project as we get ready to ramp-up exploration in the coming months,” said Benton President and CEO Stephen Stares.
Benton Resources is unchanged, trading at $0.18 at 9:30 a.m. EST.
