Sokoman Minerals Begins Drill Testing Newfoundland-Based Lithium Prospect

Sokoman Minerals (TSXV: SIC) and Benton Resources (TSXV: BEX) have begun drilling out a prospective lithium zone at their joint Golden Hope project in Newfoundland. The project is owned equally between the two firms, one of three joint ventures between the companies.

The first drill program is focused on the Kraken Lithium prospect, with a small drill program slated to initially test the prospect. The duo is currently expecting to drill between 1,000 and 2,000 metres in aggregate at the prospect, across a total of between four and six holes.

Drilling is slated to test an “extensive” system of spodumene-bearing dykes at the prospect. The dykes have been traced to a strike length of 2,000 metres, with the width of the strike up to 1,000 metres wide in some areas. Samples from the area have yielded results as high as 2.37% Li2O.

The first drill hole which is currently underway has reportedly intersected several spodumene-bearing dykes already, with the hole expected to be extended to a depth of between 350 and 400 metres.

Sokoman Minerals last traded at $0.38 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Verses Hits Commercialization Stage With Genius AI Platform

Related News

United Lithium Encouraged By Proprietary Floatation Test Development

United Lithium Corp (CSE: ULTH) this morning released results from ongoing testing of proprietary floatation...

Tuesday, October 12, 2021, 08:54:58 AM

American Lithium Identifies Two New Lithium Targets Near Falchani Deposit

American Lithium Corp. (TSXV: LI) this morning announced that discovery of two new high-priority, drill-ready...

Thursday, May 20, 2021, 10:19:00 AM

Will Tesla FINALLY Start Mining its Own Lithium?

China, the biggest market for electric vehicles, is losing sleep over the surging price of...

Saturday, April 9, 2022, 01:10:00 PM

Snow Lake Resources, A Prospective Lithium Miner, Completes IPO; No Cash Flow Likely Until 1Q 2024 at the Earliest

On November 18, Manitoba-based Snow Lake Resources Ltd. (NASDAQ: LITM) issued 3.2 million shares in...

Saturday, November 27, 2021, 09:00:00 AM

Noram Ventures Looks To Use Chloride-Based Leaching For Lithium Clay Extraction

Noram Ventures (TSXV: NRM) is looking to advance its Zeus lithium project in Clayton Valley,...

Thursday, January 14, 2021, 09:02:36 AM