Sokoman Minerals Commences Drilling at Clarks Brook
Sokoman Minerals Commences Drilling at Clarks Brook
St. John’s, NL, August 20, 2019 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF)
(the “Company” or “Sokoman”) is pleased to announce that diamond drilling has begun on the
optioned Clarks Brook property, located 35 kilometres southeast of the Company’s Moosehead
project in central Newfoundland . The minimum 1 ,200-metre program will further test the gold
bearing, epithermal style, mineralized zone initially defined by the Company in shallow drilling
in 2017. The program will consist of 3 to 4 strategically placed holes designed to test for deeper,
higher-grade gold mineralization at what is commonly termed the boiling zone in a classic
epithermal gold system. The boiling zone can occur at depths ranging from 200 to 400 m ,
sometimes deeper depending on specific deposit characteristics.
The mineralized zone is hosted in a well -defined, north-south trending magnetic low which
appears to be folded in places . Gold mineralization is hosted in a brecciated, moderately to
strongly silicified zone with abundant crosscutting gray , vuggy quartz stringers with 1 -3%
disseminated pyrite, arsenopyrite and minor stibnite (antimony). Minor visible gold has been
noted in both drill core and in slabbed rock samples which have textures and mineralization
consistent with epithermal gold mineralization , in a trend subparallel to the Moosehead -
Valentine Lake Trend. N umerous gold showings on trend f rom the Clarks Brook property also
have strong epithermal characteristics including jasperoid, silica sinters and pathfinder elements
such as antimony and arsenic. The producing Beaver Brook antimony mine lies 14 kilometres on
trend to the southwest of the property.
Timothy Froude, P. Geo., President and CEO, states: “We believe that the Clarks Brook gold
mineralization intersected in the 2017/18 shallow drilling program is consistent with
mineralization in the upper levels of an epithermal system . The 2019 drill program is testing the
gold zone for higher-grade mineralization deeper in the system, in the potential boiling zone, and
also several hundred metres of the magnetic feature and structural features that could be
associated with higher grades and thicker mineralized zones. This is a busy and exciting summer
for our shareholders since we are drilling our two most important projects at the same time.”
Option Agreement with Metals Creek Resources
To earn an initial 75% interest in the Clarks Brook pro perty, Sokoman must , over three years:
1) make cash payments of $45,000 ; 2) issue a total of 3,000,000 common shares ; and 3) incur
exploration expenditures of $800,000 . Sokoman is the operator during the earn -in period. On ce
the 75% interest is earned either a 75/25 joint venture is formed, or Sokoman can elect to earn an
additional 25% interest to bring its total interest to 100% by making a payment of $100,000 and
issuing an additional 2,000,000 shares within 60 days of the third anniversary date.
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.
About Sokoman Minerals
Sokoman Minerals Corp. is a discovery -oriented company with projects in Newfoundland &
Labrador, Canada. The Company’s primary focus is its portfolio of gold projects (Moosehead,
Clarks Brook, Crippleback Lake and East Alder) in Central Newfoundland on the structural
corridor hosting Marathon Gold’s Valentine Lake project (with measured resources of 1.16 Moz.
of gold at 2.18 g/t, indicated resources of 1.53 Moz. of gold at 1.66 g/t and inferred resources of
1.53 M oz. of gold at 1.77 g/t (Marathon Gold Websi te) 150 km southwest of the Company’s
high-grade Moosehead gold project. The Company also has a 100% interest in an early -stage
antimony/gold project in Newfoundland recently optioned to White Metal Resources and a 100%
interest in the Iron Horse (Fe) project in western Labrador.
Neither the TSX Venture Exchange nor its Regulation Services Provider (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. Except for historical information contained herein, this news release contains forward -
looking statements that involve risks and uncertaintie s. 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
results is included in the documents filed from time to time with the Canadian securities regula tory
authorities by Sokoman Minerals Corp.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
Cathy Hume, Director,
Investor Relations
Website:
www.sokomanmineralscorp.com
709-765-1726 416-868-1079 x231 Twitter: @SokomanMinerals
[email protected] [email protected] Facebook: @SokomanMinerals