- Sokoman (SIC) and Benton (BEX) have discovered high-grade lithium-bearing pegmatites at Golden Hope in Newfoundland
- Two samples returned 1.95 per cent Li2O and 0.49 per cent Li2O
- The companies believe the samples represent the first significant lithium discovery in Newfoundland’s history
- Sokoman and Benton will pursue the lithium discovery while remaining primarily focused on the project’s gold potential
- Sokoman Minerals is a discovery-oriented company with projects in Newfoundland and Labrador
- Benton Resources develops properties containing gold, silver, nickel, copper and platinum group elements
- Sokoman (SIC) closed up by 9.52 per cent trading at $0.46 per share
- Benton (BEX) closed up by 2.78 per cent trading at $0.185 per share
Sokoman (SIC) and Benton (BEX) have discovered high-grade lithium-bearing pegmatites at Golden Hope in Newfoundland.
The joint venture exploration partners identified the pegmatites on a recent field visit, collecting three grab samples over 110 m across the dykes. Two of the samples returned 1.95 per cent Li2O and 0.49 per cent Li2O and are believed to be Newfoundland’s first significant lithium discovery.
Sokoman and Benton will pursue the lithium discovery while remaining primarily focused on the project’s gold potential.
A recently completed heliborne high-resolution aeromagnetic & matrix digital VLF-EM survey will help identify gold-bearing structure extensions, as well as unrecognized structures potentially related to the lithium pegmatites.
Timothy Froude, Sokoman Minerals’ President and CEO, commented,
“A crew will be dispatched to the discovery site later this week for detailed sampling and documentation of the dykes. This is a prime example of the enormous untapped resource potential that the island has to offer.”
Stephen Stares, President and CEO of Benton Resources, added,
“Director Michael Stares and I have previously been involved in several lithium discoveries in Ontario, so we understand the scale and grade of what it takes to make a deposit. These extremely early results at Golden Hope indicate that this new discovery could fit those criteria. We can hardly wait for the next sampling phase.”
Sokoman Minerals is a discovery-oriented company with projects in Newfoundland and Labrador.
Benton Resources develops properties containing gold, silver, nickel, copper and platinum group elements.
Sokoman (SIC) closed up by 9.52 per cent trading at $0.46 per share.
Benton (BEX) closed up by 2.78 per cent trading at $0.185 per share.
