Sokoman Iron Provides Exploration Update and Announces Work Programs
NEWS RELEASE
Sokoman Iron Provides Exploration Update and Announces Work Programs
January 31, 2017 – Sokoman Iron Corp. TSX-V SIC (the “Company”) is pleased to announce that it is
in the process of applying for work permits on its recently acquired Central Newfoundland Gold Property
(CNGP). The CNGP consists of three separate properties, namely the East Alder, Crippleback Lake,
and Princess Lake properties, a ll straddling the gold enriched Cape Ray/Valentine Lake/Alder Zone
structural trend in central and western Newfoundland. This structural zone hosts a number of significant
gold deposits and occurrences including the advanced Cape Ray (Benton Resources Inc.) and Valentine
Lake (Marathon Gold) deposits, and the recently announced Alder and CE Zone discoveries by Altius
Minerals and Antler Gold on the Wilding Lake Property.
The immediate focus for the company will be the East Alder and Crippleback Lake properties, although
Princess Lake is also slated for winter soil geochemical survey ing. At East Alder, the company will be
conducting Phase 1 soil and till geochemical sampling on 100 an d 200 meter spaced lines respectively
to outline prospecting and trenching targets for the spring. East Alder already hosts two gold showings,
both found by the property vendors during a one day site visit in late fall 2016. The showings, considered
to be local sub-crop, and found along new logging roads, return ed grab sample assays of 653 ppb gold
(plus 10.8% copper); and 781 ppb gold respectively. The nearby Alder and CE Zones both feature strong
copper mineralization in addition to high grade gold. No follow-up has taken place to date at East Alder
and there is no estimate of the scope or scale of the mineraliz ation reported by the vendors. ( Note:
Mineralization and grades reported by Antler Gold and Altius Minerals may not necessarily be found
on the East Alder property or any part of the CNGP.)
Recent significant developments from the immediate area include a January 24, 2017 press release from
Antler Gold that announced an additional three new gold discoveries on the Wilding Lake property. The
new showings feature strong gold grades (up to 0.5 meters of 101.5 g/t Au), are 1.1 kilometers northeast
of the original Alder Zone disc overy, and lie less than 1500 me ters from Sokoman’s western property
boundary at East Alder.
At Crippleback Lake, the company will be commencing a winter till sample program to follow up on the
highly successful Phase 1 till sampling program (January 12, 20 17 press release) which included gold
grain counts up to 57 gold grain s (including 43 pristine gold g rains) from till samples collected in late
2016. Coincidentally, the gold grain rich areas straddle the i nterpreted trace of the Rogerson Lake
Conglomerate (RLC), which is inferred to run the length of the property. The RLC overlies the major
geological structure that runs t hrough the Island of Newfoundla nd and is believed to control gold
mineralization at the Cape Ray (Benton Resources Inc.), and Valentine Lake deposits (Marathon Gold),
and the recently discovered Alder and CE Zones (Altius Minerals and Antler Gold) on trend to the
southwest of the property.
The company intends to collect additional infill till samples o n a 50 meter grid surrounding the
anomalous samples in order to sharpen prospecting and trenching targets for spring/summer 2017. A
limited number of B-horizon soil samples will also be collected to test the effectiveness of soils on the
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property. The company also plans to continue reviewing and samp ling if required, archived drill cores
from previous base metal focused exploration programs from the 1960’s and 1980’s carried out on the
property. A total of 12 holes are available and to date two ho les have been reviewed and 16 samples
have been collected for assay.
About Sokoman Iron Corp.
Sokoman Iron Corp. holds a 100% i nterest (subject to royalty ag reements) in the Iron Horse iron ore
project in western Labrador and where drilling by the company i n 2012 resulted in the discovery of a
new, and potentially significant, iron ore deposit highlighted by a 354 meter intercept grading 27.8% Fe.
Only eight holes have been drilled on the property, and all hav e intersected significant thicknesses and
grades of iron ore. The claims are in good standing until 2020 and the company will continue to monitor
developments in the iron ore space and consider all reasonable opportunities for the property.
Sokoman Iron also has a 100% interest (subject to vendors NSR) in the Startrek antimony (Sb) and gold
project near Gander in central Newfoundland. Results from the company’s fall 2016 drill program were
successful in identifying potentially significant sediment hosted antimony (Sb) mineralization including
1.62% Sb over 1.0 meters from ST-16-01 within a broader zone of mineralization including 0.38% Sb
over 5 meters with all samples in the interval reporting anomalous gold from 30 to 180 ppb Au. Startrek
has numerous untested Sb in soil anomalies reporting > 200 ppm Sb. The company will be seeking
funding partners to advance the project. A full review of the d rilling results will be provided on the
company’s website due to be up and running on or before March 1, 2017.
Sokoman controls over 220 claims (5,550 hectares) covering over 22 kilometers of the structural zone
that hosts a number of signifi cant gold deposits and occurrence s including the advanced Cape Ray
(Benton Resources Inc.) and Valentine Lake (Marathon Gold) depo sits, and the recently announced
Alder Zone discovery by Altius Minerals and Antler Gold.
This news release has been revie wed and approved by Timothy Fro ude, P. Geo., a "Qualified Person"
under National Instrument 43-101 and Interim CEO for Sokoman Ir on Corp. For further information
please contact Timothy Froude at 709-765-1726, or by email at [email protected] Neither the
TSX Venture Exchange nor its Regulation Services Provid er (as that term is defined 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 Exchange Inc. has ne ither approved nor disapproved the contents of
this press release. Except for historical informa tion 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 forwar d-looking statements to reflect events or
circumstances after the date hereof . More detailed information abou t potential factors that could
affect financial results is included in the documen ts filed from time to time with the Canadian
securities regulatory authorities by Sokoman Iron Corp.