Business
Sokoman Minerals and Benton Resources Provide an Update on Drilling at the Kraken Lithium and Grey River Gold projects, Southwest Newfoundland
East dyke swarm has multiple Li-bearing (spodumene) dykes up to 27 m wide, located 600 m to the east of the Kraken discovery dyke ST. JOHN'S, NL / ACCESSWIRE /
About this update from Pirate Gold Corp
[{"type":"text","content":" East dyke swarm has multiple Li-bearing (spodumene) dykes up to 27 m wide, located 600 m to the east of the Kraken discovery dyke ST. JOHN'S, NL / ACCESSWIRE / July 28, 2022 / Sokoman Minerals Corp. (TSXV:SIC) (OTCQB:SICNF) (\"Sokoman\") and Benton Resources Inc. (TSXV:BEX) (\"Benton\") together, (the \"Alliance\") are pleased to update shareholders on the drilling progress at both the Kraken Lithium and Grey River Gold projects in southwest Newfoundland. Early in 2022, the Alliance completed the first-ever drill campaign for lithium on the Island of Newfoundland at the Kraken Lithium discovery on the Golden Hope JV Project. Six diamond drill holes tested the original Kraken discovery-dyke area where selective surface grab samples returned values from trace up to 2.37% Li2O. The winter drilling program verified the existence of significant lithium-rich dykes flanking the regional Bay d'Est Fault where hole GH-22-01 intersected 0.94% Li2O over 8.4 m. Important structural information was obtained from the drilling including the presence of relatively flat-lying dykes, as well as folding in the system. The flat-lying dykes are significant, in that the bulk of the lithium mineralization at Piedmont Lithium's Piedmont project in North Carolina lies in flat-lying dykes linking subvertical dipping dykes. In May and June, 2022, the Alliance constructed a ten-man exploration camp and mobilized an excavator and diamond drill rig to the project site. To date in this exploration phase, the Alliance has completed further mapping, prospecting, trenching, and an additional 2392 m of drilling in 13 drill holes. The new drilling has targeted the East Dyke swarm, which is 600 m to 650 m to the east of the Kraken discovery dyke, intersecting multiple spodumene-bearing pegmatite dykes, over core lengths of up to 27 m while also gaining a better understanding of the geological setting of the dykes for future targeting. The drill program is shut down for a scheduled crew break with drilling to recommence in two weeks. The Alliance will continue with regional exploration in the area including mapping, prospecting and soil geochemical sampling over this large and prospective area. Sokoman's President and CEO Tim Froude, comments: \"Drilling at Kraken's East Dyke Swarm has delivered multiple significant intersections of spodumene-rich pegmatite with mu...