The GHJV was formed by the Alliance in 2021 to explore the mineral potential of an underexplored structural belt of rocks in southwestern
The Alliance would like to report that it has also renewed and received approval for its camp permits along with continued exploration permits for the entire GHJV land position. These permits allow for a fourth phase diamond drilling program consisting of a minimum of 5,000 metres along with prospecting, soil sampling, and geological mapping along the highly-favourable trend.
The fourth phase, 5,000-metre drill program is anticipated to start within the next few weeks and camp preparation will start as soon as next week. Highlights from earlier phases of drilling at the Kraken Lithium Pegmatite Field have returned very promising results including: 1.04% Li2O over 15.23 m, including 4.18 m of 1.48% Li2O and 2.98 m of 1.23% Li2O in GH-22-27 on the newly discovered
Lithium-in-soil geochemical anomalies of similar strength to the discovery dyke area lie 4 km along strike to the east of known dykes and are top priority trenching targets
The Alliance is also pleased to report that it has received drilling permits for the newly discovered cesium-tantalum-rubidium and lithium-rich Hydra Dyke, which is 12 km northeast of the Kraken Lithium Pegmatite Field. Initial channel sampling last fall at the Hydra Dyke returned results as high as 8.76% Cs2O, 0.41% Li2O, 0.025% Ta2O5, and 0.33% Rb2O over 1.20 m in channel sampling. The Alliance is planning trenching to be followed by drilling as soon as the snow has melted.
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Contact:
Tel: 709-765-1726
Email: tim@sokomanmineralscorp.com
The information contained herein contains 'forward-looking statements' within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be 'forward-looking statements.'
Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Alliance's expectations; risks related to gold price and other commodity price fluctuations and other risks and uncertainties related to the Alliance's prospects, properties and business detailed elsewhere in the Alliance's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Alliance does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Alliance's expectations or projections.
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