- Benton Resources (BEX) is releasing the latest assay results from its Golden Hope Joint Venture Project in Newfoundland
- Results are from the project’s recently discovered cesium-rich hydra dyke area
- The Vancouver-based mineral explorer’s project is a joint venture with Toronto-based Sokoman Minerals
- Results returned a high value of 1.56 percent cesium oxide, along with 0.4 percent lithium oxide, 0.022 percent tantalum oxide, and 0.30 percent rubidium oxide
- Benton Resources is unchanged, trading at $0.14 at 9:30 a.m. EST
Benton Resources (BEX) is releasing the latest assay results from its Golden Hope Joint Venture Project in Newfoundland.
Results are from the project’s recently discovered cesium-rich hydra dyke area.
The Vancouver-based mineral explorer’s project is a joint venture with Toronto-based Sokoman Minerals.
The latest results returned a high value of 1.56 percent cesium oxide, along with 0.4 percent lithium oxide, 0.022 percent tantalum oxide, and 0.30 percent rubidium oxide.
Winter weather has prevented further work at the Hydra discovery, but regional soil geochemical surveys have been ongoing and will continue through the winter. In the meantime, assays are expected within three to four weeks from the recently completed 11 holes over 1,606 metres in the Phase 3 drill program focused on the Kraken Discovery Dyke and East Dyke areas.
Moving forward, a minimum 5,000-metre drill program is being planned and will commence once all results are received and compiled and weather permits.
The JV continues to be impressed with the rate of discovery in the new lithium district.
“The Golden Hope Project continues to deliver exceptional new discoveries and results. I’m extremely excited and encouraged that we have located more high-grade LCT-type pegmatites and I’m confident we will make more new discoveries as we continue with our aggressive exploration plans. The Grey River Project continues to demonstrate that it is host to a large gold system, and targeting the higher grades will be key to unlocking its true value. The Alliance will continue to evaluate all data in hopes of vectoring in on the higher-grade controls and this summer’s work program will be aimed towards that goal,” said Benton Resources President and CEO Stephen Stares.
Benton Resources is unchanged, trading at $0.14 at 9:30 a.m. EST.