Benton Resources BNTRF / BEX.V, December 15, 2021 –
Benton Recaps 2021 and Outlines 2022 Objectives
In relevant part:
Benton Resources Inc. – Sokoman Minerals Corp. Strategic Exploration Alliance
During 2021, the Company formed a strategic exploration alliance with Newfoundland-based explorer, Sokoman Minerals Corp. (the “Alliance”). The Alliance hit the ground running and acquired three large-scale, early-stage exploration projects with excellent potential for new discoveries in Newfoundland: Golden Hope, Kepenkeck and Grey River. In addition, in May 2021 the Alliance attracted the investment of $2 million into Benton by well-known and respected resource investor Mr. Eric Sprott.
[Note how much the companies appreciate being made a part of the Sprott brand... which you see as they consider the $ "an accomplishment" as much or more because of success in "attracting" the SOURCE as because of "getting" the $ ? And, note the strong positive correlation of the "high interest" and "full context" presentation of the news with the market performance following the PR in the chart, below.]
Golden Hope
In the summer of 2021, during a reconnaissance gold exploration program at Golden Hope, the Alliance discovered a swarm of lithium-bearing pegmatite dykes, now named the Kraken Pegmatite field with two of three initial samples returning grades of 1.95% Li2O and 0.49% Li2O. This is believed to be the first discovery of significant lithium mineralization on the island of Newfoundland. In the fall of 2021, the Alliance conducted a multi-phase prospecting, mapping, and sampling program over a 0.85 km x 2.2 km area and further confirmed this discovery with many assays yielding lithium values greater than 1% Li2O and the best sample grading 2.37% Li2O. Assay results from the final phase of prospecting are still pending. The Alliance has now completed detailed geological mapping and a high-resolution drone survey that includes imagery, Lidar (Light Detection and Ranging) to assist in the mapping and targeting of the dyke system. The Alliance has also completed a 5,709 line-km Heliborne High-Resolution Aeromagnetic & Matrix Digital VLF-EM Survey flown by Terraquest Ltd., with the final data currently being processed. These surveys will enhance our understanding of the structural/lithological setting and help identify gold-bearing structure extensions, as well as any unrecognized structures including those potentially related to the lithium-bearing pegmatites.
Following receipt of all the data accumulated during the latter portion of 2021, including the outstanding sample assays, they will be compiled and interpreted with the objective of undertaking an initial drilling program on the Kraken dyke swarm as soon as possible in 2022.
Grey River
The Alliance identified and discovered high-grade gold in a large 10 km-long quartz/silica body. Historic grab samples as well as recent grab samples ( see Benton news release dated September 2, 2021), have yielded gold values ranging from 50 ppb Au to 225 g/t Au. In October 2021, the Alliance completed a 5-hole, 1,026 m diamond drilling program with the holes spread over a 4 km strike length of the silica body. A total of 643 core samples were cut and sent for assay. Of these, 13 were “super rushed” for Au analysis to confirm the presence of gold in the system; six of these returned from 1.34 g/t to 37.64 g/t Au. Assays are pending for the remaining 630 samples.
The Alliance is planning an aggressive spring-summer 2022 program to drill the silica body.
Kepenkeck
The Kepenkeck project, while early in the exploration cycle, has shown significant potential. The Alliance has done limited work thus far but has already identified anomalous gold in bedrock and boulders grading up to 5.8 g/t Au. In addition, the Alliance has recently discovered high-grade uranium in five samples that were collected from a radioactive area of black topsoil and sandy till that was sampled along the projected contact of a granite and sedimentary unit. All five samples contain significant uranium grading between 0.06% and 1.86% U308. The Alliance is planning follow-up work on the gold, and a 1.0 km-square soil survey over the newly-discovered uranium is currently underway.
 |
