Sokoman Minerals Completes Phase 1 Diamond Drilling Program Fleur de Lys Gold Project, NW Newfoundland More than 50% of the holes intersected mineralized structures
Sokoman Minerals Completes Phase 1 Diamond Drilling Program
Fleur de Lys Gold Project, NW Newfoundland
More than 50% of the holes intersected mineralized structures
ST. JOHN’S, NL, December 24, 2024 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB:
SICNF) (“Sokoman” or the “Company”) reports that the Phase 1 drill program at the 100%-owned
Fleur de Lys Project, has been completed in 23 drill holes. Twenty reconnaissance drill holes
evaluated high-priority geochemical and/or geophysical targets, including seven holes in the
immediate vicinity of the gold-bearing Golden Bull boulders. Three others (FDL-24-9,10, and 17)
tested showings discovered by Noranda in the late 1980s.
All preliminary* assays have been received and compiled. See the table below. Twelve drill holes,
including the three holes on the Noranda targets, intersected gold mineralization (>200 ppb) .
Exploration, including prospecting, mapping, geophysics, trenching, and a Phase 2 drilling
program, is planned for 2025 to locate the source of the large, mineralized boulders.
*Some samples require metallics assaying based on >1000 ppb Au initial assay. The additional
analysis will not affect the reported highlight results.
Timothy Froude, P. Geo., President and CEO of Sokoman Minerals , states, “Our inaugural
drill program was conducted on an 8 km2 section of the 329 km2 Fleur de Lys Project. It returned
many promising results, with 50% of the drill holes intersecting gold-bearing structures. The final
and most northerly hole (FDL-24-23) intersected five separate gold-bearing veins, which indicates
a new direction for further exploration.
We are highly encouraged by our progress, even though we have yet to pinpoint the source of the
high-grade Golden Bull gold -mineralized boulder field . We will be interpreting the information
collected to date as well as future geophysical surveys to further define the mineralized structures
before planning a Phase 2 drill program.”
Map 1: Drilling Overview
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.
DDH# Length Az. Dip. Target From(m) To(m) Length (m)* Au (g/t)
FDL-24-10 100 271 -38 Castor's Brook 31.75 33.1 1.35 1.60
inc. 31.75 32.25 0.50 3.76
FDL-24-07 103 270 -40 Castor's Pond 44.25 47.00 2.75 0.92
inc. 46.60 47.00 0.40 2.89
FDL-24-18 244 225 -45 Seal Cove Road 184.15 184.65 0.5 1.58
FDL-24-23 76 237 -40 Wild Cove Road 43.30 44.09 0.79 0.90
inc. 43.71 44.09 0.38 1.19
and 56.5 56.93 0.43 1.02
Fleur de Lys Phase One Diamond Drill Program Highlights
* true thickness expected to be 70 - 80% of down-hole interval.
Analytical Techniques / QA/QC
Samples, including duplicates, blanks, and standards, are submitted to Eastern Analytical Ltd. in
Springdale, Newfoundland for gold analysis. Eastern Analytical Ltd. is an accredited assay lab
that conforms to the requirements of ISO/IEC 17025. Samples are delivered in sealed bags directly
to the lab by Sokoman personnel. All samples of quartz vein material were submitted for total pulp
metallics and gravimetric finish. Total pulp metallic analysis includes: the whole sample is 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 calcu lated 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 and one of the largest landholders in
the province of Newfoundland and Labrador, Canada’s emerging gold district. The Company's
primary focus is its portfolio of gold projects; the 100% -owned flagship, advanced-stage
Moosehead, Crippleback Lake, and the district -scale Fleur de Lys project near Baie Verte in
northwestern Newfoundland, targeting Dalradian-type orogenic gold mineralization similar to the
Curraghinalt and Cavanacaw deposits in Northern Irel and. The Company entered a strategic
alliance with Benton Resources Inc. through three, large -scale, joint-venture properties including
Grey River, Golden Hope, and Kepenkeck in Newfoundland.
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. For full details of the agreement please refer to the
Company’s press release dated October 11, 2023.
Projects optioned with optionee fully vested are:
• East Alder Project optioned to Canterra Minerals Inc. (SIC retains shares of CTM plus
1% NSR)
• Startrek Project optioned to Thunder Gold (SIC retains 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 Projects through the Junior Exploration
Assistance Program during 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
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 regulatory authorities by Sokoman Minerals Corp.