Sokoman Exploration Update – Trenching / Bulk Sampling / Drilling Moosehead Gold Project, Central Newfoundland Western Trend trench channel samples - 22.45 g/t Au / 4.05 m incl. 35.93 g/t Au / 3.00 m
Sokoman Exploration Update – Trenching / Bulk Sampling / Drilling
Moosehead Gold Project, Central Newfoundland
Western Trend trench channel samples - 22.45 g/t Au / 4.05 m incl. 35.93 g/t Au / 3.00 m
St. John’s, NL, October 31, 2024 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF)
(“Sokoman” or the “Company”) provides the following update on the exploration of the 100%-
owned Moosehead Gold Project. The current focus is on the Western Trend conventional bulk
sample where trenching has exposed the quartz mineralized zone with 50% of mapping and
channel sampling completed. A 150 kg sample, 50 kg of each of the three gold-bearing rock types,
has been taken and sent to Base Met Labs in Kamloops , B.C., for scoping-level, metallurgical
testing of the Moosehead Gold Project gold mineralization. Results are expected in late Q4 2024
or Q1 2025.
Timothy Froude, P.Geo., President and CEO states; “There’s a lot going on at the project
presently, in a series of positive, forward-looking steps, including preparing for the first of two
bulk samples , early-stage metallurgical work , additional structural mapping by consultant Dr.
David Coller , and planning additional diamond drilling on the Western Trend, based on new
information gained through the trenching . For the first time, trenching allows us to see in the
outcrop the relationships between the high -grade, gold-bearing quartz veins and the host rocks.
Dr. Coller will examine the exposed Western Trend high -grade mineralization and its structural
setting for a week, comparing it with the other high-grade gold zones on the Moosehead property.
Dr. Coller's observations will undoubtedly help him formulate his theories on mineralization and
where high -grade mineralization may lie at depth. The trenching has also exposed previously
unknown gold-bearing veins that trend towards areas with little to no previous drilling, as a result,
additional drilling is being planned.”
Conventional Bulk Sample – Western Trend
Channel sample results from the Western Trend trench are highlighted by multiple high -grade
assays including channel #4 which returned a weighted average of 22.64 g/t Au / 4.85 m including
35.93 g/t Au / 3.00 m (assay summaries are shown in Table 1). The trench covers an area
approximately 35 m along strike by 20 m across strike, which has been washed, with
approximately 50% mapped and channel sampled. Recent stripping has uncovered veining, with
specks of VG, trending to the north and south, to areas w ith little to no drilling and additional
drilling is being planned to define these veins in the next week to 10 days. A total of 36 saw-cut
channel samples were analyzed at Eastern Analytical Ltd. in Springdale, NL, with 16 selected for
metallic pulp assaying (Table 2), based on the quartz host. Eleven of the 16 metallics assays gave
values from >50 g/t Au to 2,090 g/t Au from the coarse (+150 mesh) fraction , suggesting coarse
visible gold (VG). Sampling continues as the trench has been expanded since the first channel
samples were taken. The Company has submitted the bulk-sample permit application.
A 2001 Altius vertical drill hole (MH-01-21), is located between trench channel samples 3 and 4
near the western edge of the main quartz zone (see channel sample location map). It collared in
and cut, 3.19 m of quartz with five samples grading from 0.27 g/t Au / 0.60 m to 8.98 g/t Au / 0.60
m (averaging 2.82 g/t Au / 3.19 m). Channel samples 3 and 4 averaged 4.54 g/t Au / 4.05 m, and
22.64 g/t Au / 4.85 m, including 6.59 g/t Au / 2.55 m and 35.93 g/t Au / 3.00 m respectively from
the quartz vein portions. The lower grades in the Altius drill hole possibly reflect the impact of the
nugget effect on a drill intercept with smaller drill core. Sokoman drill hole MH-24-618 undercuts
the trench approximately 10 m to the south of the southern limit of the exposed quartz vein giving
8.18 g/t Au / 1.80 m in a quartz vein at a downhole depth of 14.7 0 m suggesting a southern
continuation of the exposed vein. As per the most recent press release on Moosehead, t he
Company is expecting an update report on progress on the Footwall Splay bulk sample from
Novamera Inc. later this quarter, which will include plans for the next stage of the program.
Channel Sample Location Map
Table 1: Western Trend Trench Channel Samples
Western Trend Channel Samples
Channel # Sample # length(m) Au g/t Au*length Comments
#1 242011 1 0.14 0.14 Sediment
242012 0.5 0.653 0.3265 Sediment
242013 0.9 9.148 8.2332 Quartz
Total 2.4 3.62 8.70
#2 242014 0.7 0.31 0.217 Sediment
242015 0.6 0.954 0.5724 Sediment
242016 0.7 1.133 0.7931 Sediment
242017 0.5 6.934 3.467 Quartz
242018 0.6 12.846 7.7076 Quartz
242019 0.8 0.884 0.7072 Quartz
Total 3.9 3.45 13.46
#3 242020 0.5 0.593 0.2965 Sediment
242021 1 1.274 1.274 Sediment
242022 0.8 3.743 2.9944 Quartz
242023 0.75 17.034 12.7755 Quartz, Vg
242024 1 1.045 1.045 Quartz
Total 4.05 4.54 18.39
#4 242025 0.75 1.507 1.13025 Sediment
242026 0.95 99.164 94.2058 Quartz, Vg
242027 0.45 26.832 12.0744 Quartz
242028 0.8 0.955 0.764 Quartz Breccia
242029 0.5 0.525 0.2625 Quartz Breccia
242030 0.3 1.627 0.4881 Quartz
242031 0.2 1.299 0.2598 Sediment
242032 0.9 0.669 0.6021 Sediment
Total 4.85 22.64 109.79
#5 242033 1 0.015 0.015 Sediment
242034 1 0.114 0.114 Sediment
242035 1 1.038 1.038 Sediment
242036 1 0.309 0.309 Sediment
242037 0.6 11.145 6.687 Quartz
242038 1 0.614 0.614 Sediment
Total 5.6 1.57 8.78
#6 242039 0.8 0.665 0.532 Sediment
242040 0.15 0.209 0.03135 Quartz
242041 0.35 9.306 3.2571 Quartz
242042 1.1 1.326 1.4586 Sediment
242043 1 1.141 1.141 Sediment
242044 0.2 5.592 1.1184 Quartz
242045 1 2.87 2.87 Sediment
Total 4.6 2.26 10.41
#7 242046 1 5.752 5.752 Quartz
Total 1 5.752 5.752
Table 2: Metallic assaying results from Eastern Analytical Ltd – all samples returning
assaying > 50,000 ppb Au (50 g/t) in the coarse (+150 mesh fraction) are highlighted
(Eastern Analytical Ltd.)
Diamond Drilling
Results from recent drilling at the 552 Zone (12 holes), and recon holes (5 holes) from an area 750
m north of North Pond (Bowtie Pond - see Plan) have been received. All five recon holes (MH-
24-594 to 598) gave insignificant results while the 12 holes in the 552 Zone area gave mixed
results including seven holes with insignificant values. The zone remains open down dip as shown
by a 6.63 m intercept in MH -24-601 averaging 0.75 g/t Au at 243.70 m downhole and the other
four holes gave values over 0.30 to 1.00 m, up to 1.50 g/t Au.
Diamond drilling, focused on the Western Trend , will resume imm ediately, with deep-drilling
planning awaiting the final structural report from Dr. Coller, expected in H1 2025.
Plan of recent drilling and test sites for Western Trend Bulk Sample (A,B,C)
QP
This news release has been reviewed and approved by Timothy Froude, P.Geo., a "Qualified
Person" under National Instrument 43-101 and President and CEO of Sokoman Minerals Corp.
Analytical Techniques / QA/QC
Samples, including duplicates, blanks, and standards, are submitted to Eastern Analytical Ltd. in
Springdale, Newfoundland for gold analysis. All core samples submitted for assay are saw cut by
Sokoman personnel with one-half submitted for assay and one-half retained for reference. Samples
are delivered in sealed bags directly to the lab by Sokoman personnel. Eastern Analytical Ltd. is
an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples with visible
gold are submitted for total pulp metallics with a gravimetric finish. All other samples are analyzed
by standard fire assay methods. Total pulp metallic analysis includes: the entire sample being
crushed to -10 mesh; and then pulverized to 95% -150 mesh. The total sample is weighed and
screened to 150 mesh; the +150-mesh fraction is fire-assayed for Au, and a 30 g subsample of the
-150-mesh fraction is fire-assayed for Au; with a calculated weighted average of total Au in the
sample reported as well. One blank and one industry-approved standard for every twenty samples
submitted is included in the sample stream. Random duplicates of selected samples are analyzed
in addition to the in-house standard and duplicate policies of Eastern Analytical Ltd. All reported
assays are uncut.
About Sokoman Minerals Corp.
Sokoman Minerals Corp. is a discovery -oriented company with projects in the province of
Newfoundland and Labrador, Canada. The Company's primary focus is its portfolio of gold
projects; the 100% -owned flagship, advanced -stage Moosehead, Crippleback Lake, a nd the
district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, that is targeting
Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits
in Northern Ireland. The Company entered into a strate gic alliance with Benton Resources Inc.
through three, large -scale, joint -venture properties including Grey River, Golden Hope, and
Kepenkeck in Newfoundland. Sokoman is one of the largest landholders in Newfoundland, in
Canada's newest and rapidly emerging gold districts.
In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc., a
major developer of lithium projects and processing plants in the USA, and exactly the right partner
to have to advance the lithium project. The agreement provides for Piedmont to earn up to 62.5%
of the Killick Lithium Project (formerly Golden Hope project) by funding up to $12 million in
exploration expenses and issuing $10 million common shares in three stages. The Killick Lithium
Project has been transferred to Killick Lithium Inc. (Killick), a 100%-owned subsidiary of Vinland
Lithium Inc. (Vinland). Newly created Vinland has received $2 million in financing from
Piedmont for a 19.9% interest, with the balance of ownership between Sokoman and Benton.
Sokoman and Benton will continue to operate the exploration efforts at Killick through the earn -
in stages. Sokoman and Benton will retain a royalty of 2% NSR on future production. Piedmont
will have exclusive marketing rights for the promotion and sale of any lithium products produced
from the project on a life-of-mine basis, and the right of first refusal on 100% offtake rights to the
lithium concentrates.
Projects optioned with optionee fully vested:
• East Alder Project optioned to Canterra Minerals Inc (SIC retains 850,000 shares of CTM
plus 1% NSR)
• Startrek Project optioned to Thunder Gold (SIC retains 1,750,000 shares of TGOL plus 1%
NSR)
The Company would like to thank the Government of Newfoundland and Labrador for the
financial support of the Moosehead and Fleur de Lys Project s through the Junior Exploration
Assistance Program over the past few years.
For more information, please contact:
Timothy Froude, P.Geo., President & CEO
T: 709-765-1726
Cathy Hume, VP Corporate Development, Director
T: 416-868-1079 x 251
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
LinkedIn: @SokomanMineralsCorp
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in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered
highly speculative. Except for historical information contained herein, this news release
contains forward- looking statements that involve risks and uncertainti es. Actual results may
differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to
reflect events or circumstances after the date hereof. More detailed information about potential
factors that could affect financial result s is included in the documents filed from time to time
with the Canadian securities regulatory authorities by Sokoman Minerals Corp.