Sokoman Iron Completes Phase Ii Drilling ON Clarks Brook GOLD Property, Central Newfoundland
SOKOMAN IRON COMPLETES PHASE II DRILLING ON CLARKS BROOK GOLD PROPERTY,
CENTRAL NEWFOUNDLAND
Puslinch, Ontario – (February 21, 2018) - Sokoman Iron Corp (Sokoman) (TSX-V: SIC) is pleased to
announce that the Phase II drilling program at Clarks Brook has been completed and that core logging
and sampling has commenced. The three hole , 594 metre program, was designed to test for additional
zones of mineralization along strike and parallel to the mineralization in tersected in the first program
(completed in October 2017), and to determine whether additional funds should be directed towards this
project.
Timothy Froude, P. Geo., Interim CEO states , “The recently completed Phase II program is critical to
the future of our involvement with this project. Although only a limited program, the holes are all
strategic, and will be instrumental in helping shape our plans moving forward. The preliminary review
of the core suggests that all holes encountered variably altered and mineralized sediments, however, we
must wait until final results have been received before making a decision on further work at Clarks
Brook. Also, the NI 43-101 Form F1 technical report on the Moosehead property has been submitted to
the TSX Venture Exchange by the Independent QP and that the Exchange has begun its review and
initial comments are expected shortly.”
The attached plan highlights the two areas tested with th e Phase II drilling. Of particular interest is the
magnetic target outlined to the northeast of the Phase I drilling. Phase I drilling suggests that the best
mineralization, intersected in holes CB -17-1 and 2, is associated with a strong magnetic low signature
(blue colour on the attached plan). This magnetic signature trends northea st of the known
mineralization and appears to trend off of the surveyed area, suggesting a minimum distance of 400
metres. The northern property boundary is over 1 kilometre to the northeast, however, no detailed
magnetics have been completed over most of this distance and the Company is considering, pending
results of the Phase II drilling, extending the detailed grid to cover this area with magnetics and
possibly Induced Polarization (IP) surveys.
At this point core logging and sampling of the new holes has just commenced, however, a preliminary
review of the three holes indicates that silicified and quartz veined intervals with disseminated
sulphides has been intersected in all holes , but lengths and significance of these intervals won’t be
known until all logging and sampling has been completed. This work is expected to take two weeks and
an additional 6 to 8 weeks before assays are received.
The Clarks Brook prospect consists of a number of large (up to 1- 2 m square) angular boulders from
which previous operators had returned grab sample gold values ranging from 2.98 to 24.5 g/t gold
(Altius Minerals Corp. (ALS) in 2004), and from the property vendor Metals Creek Resources (MEK)
in 2016, where thirteen (13) of the large angular blocks were grab sampled and yielded assays ranging
from 0.24 g/t to 10.4 g/t gold. In addition, a single outcrop of bedrock mineralization of similar style to
that of the boulders, returned a grab sample assay of 19.24 g/t gold. Phase I drilling completed in
October 2017 returned assays of 3.37 g/t Au over 3.00 m (from 127.75 – 130.75 m) including 26.9 g/t
Au over 0.25 m (from 127.75 – 128.00 m). Note: The historical assay results mentioned in this news
release were grab samples which are selective by nature and are unlikely to represent average grades
of the property. The true thickness of reported assay intervals from the 2017 program are believed to
be 75% to 90% of the reported thickness.
This news release has been reviewed and approved by Timothy Froude, P. Geo., a "Qualified Person"
under National Instrument 43-101 and Interim CEO for Sokoman Iron Corp.
Contact:
Timothy Froude at 709-765-1726, or by email at [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defi ned 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. The TSX Venture Exchan ge Inc. has neither approved nor disapproved the contents of
this press release. Except for historical information contained herein, this news release contains
forward-looking statements that involve risks and uncertainties. Actual results may differ materially.
Sokoman Iron 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 results is included in the documents filed fr om time to time with the Canadian
securities regulatory authorities by Sokoman Iron Corp.