Sokoman Minerals Completes Phase 3 Drilling at Moosehead Gold Property, Newfoundland High-Grade Eastern Trend Intersected in Multiple Holes; Shear Zone Strike Length Tripled
Sokoman Minerals Completes Phase 3 Drilling at Moosehead Gold Property,
Newfoundland
High-Grade Eastern Trend Intersected in Multiple Holes; Shear Zone Strike Length
Tripled
St. John’s, NL, March 19, 2019 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF)
(the “Company” or “Sokoman”) is pleased to announce the completion of a highly successful
Phase 3 drilling program at Moosehead. Final assay results are expected in mid to late April, at
which point the Company will focus on compiling, interpreting and modeling data received from
the three phases of drilling as well as down-hole camera work, structural interpretation and
geophysics in order to prepare for Phase 4 drilling later in 2019.
Highlights:
1) 21 holes totaling approximately 4,715 m completed, including eight holes from the ice on
North Pond. Logging and sampling are expected to take two weeks to be completed, with
final assays expected mid to late April.
2) All holes encountered significant intervals of shearing and quartz veining with many holes
cutting multiple zones.
3) At least seven holes, MH-19-50, 52, 53, 56, 61, 62 and 63 (including five from the ice)
intersected visible gold bearing quartz veins, highlighted by MH -19-62 which cut
three separate veins from 0.30 to 0.90 m thick (core lengths*) with the 0.90 m vein
carrying widespread, fine visible gold within a strongly mineralized section from
240.00 to 244.50 m downhole, located 110 m northeast of discovery hole MH-18-01.
4) Strike length of Eastern Trend shear zone extended to at least 175 m, remaining open
along strike to the north and south, and to depth.
Timothy Froude, P. Geo., President and CE O, states: “We are extremely pleased with the results
from the third , and quite possibly the most successful drilling Phase of drilling at Moosehead.
While our window for effectively testing the Eastern Trend has temporarily closed, we anticipate
a barge-based diamond drill program to take place later in 2019 so as to continue evaluating and
expanding the high-grade mineralized zone. With a healthy treasury of just under $3 million, we
are well positioned to take Moosehead to the next level. We also intend to complete drilling on the
nearby, epithermal style , Clarks Brook property during Q2 2019, testing for high -grade
mineralization we believe may exist below the known mineralized zones.”
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.
*True thicknesses from Phase 3 holes are believed to range from 75% to 100% of core length.
Sections will be provided once completed and updated with final assays.
About Sokoman Minerals Corp.
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 in Central
Newfoundland on the structural corridor hosting the 4.2 million ounce Valentine Lake gold project
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, as well as a 100% interest in the Clark’s Brook Gold Property, 35 k m
southeast of Moosehead. In Labrador, the Company has a 100% interest in the Iron Horse
(Fe/U/REE) project.
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 uncertainties. 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.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
Cathy Hume, Director,
Investor Relations Website: www.sokomaniron.com
709-765-1726 416-868-1079 x231 Twitter: @SokomanMinerals
[email protected] [email protected] Facebook: @SokomanMinerals
70
0 elev.
-70
-140
-210
5428240 5428220 5428200 5428180 542816054282605428280
MH-18-34, 37MH-18-01, 16, 39MH-18-17, 18, 40MH-18-19, 20MH-18-21, 22
33.56g/t Au
over 24.9m
MH-18-17
44.96g/t Au
over 11.9m
MH-18-01
35.04g/t Au
over 0.25m
MH-18-01
4.20g/t Au
over 8.95m
incl. 19.72g/t Au
over 1.33m
MH-18-01
3.38g/t Au
over 7.15m
incl. 9.35g/t Au
over 2.15m
MH-18-20 70.29g/t Au
over 9.05m
incl. 550.31g/t Au
over 1.10m
MH-18-39
0.98g/t Au
over 14.70m
incl. 13g/t Au
over 0.65m
MH-18-40
2.76g/t Au
over 12.40m
incl. 9.84g/t Au
over 2.25m
MH-18-34
3.92g/t Au
over 0.09m
MH-18-21
Projected Longitudinal
Looking towards 105
Moosehead Project
East Trend
meters
0 20
2.81g/t Au
over 2.65m
incl. 10.70g/tAu
over 0.65m
MH-18-21
OPEN
OPEN
OPEN
OPEN
OPEN
0.92g/t Au
over 3.70m
incl. 2.45g/t Au
over 0.70m
MH-18-37
278g/t Au
over 0.45m
incl. 52.40g/tAu
over 2.34m
MH-03-15
MH-19-53MH-19-52MH-19-56MH-19-61MH-19-63
Visible Gold
in core
Assays Pending
MH-19-63
Visible Gold
in core
Assays Pending
MH-19-61
Visible Gold
in core
Assays Pending
MH-19-56
Visible Gold
in core
Assays Pending
MH-19-53
Visible Gold
in core
Assays Pending
MH-19-52
54283005428320
MH-19-62, MH-03-15
-70
Visible Gold
in core
Assays Pending
MH-19-62
-140
-210
70
0 elev.
OPEN
MH-19-50 MH-19-45, 46, 48
Visible Gold
in core
Assays Pending
MH-19-50
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MH-18-34,37
MH-18-01,39
MH-19-55,56,57,59
MH-19-60,61
MH-19-63
MH-19-58
MH-19-62
MH-18-22
MH-18-21
MH-18-19, 20
MH-18-17,18,40
MH-18-16
MH-19-53 MH-19-52
MH-19-51, 54
MH-19-50
MH-19-47, 49
MH-19-45, 46, 48
613800
613800
614000
614000
5428200
5428200
5428400
5428400
5428600
5428600
²
North
Pond
Outline
5 005 025
Meters
Discovery
Fault
MH-18-01
44.96g/t Au
over 11.9m
MH-18-17
33.56g/t Au
over 24.9m
MH-03-15
278g/t Au
over 0.45m
MH-18-21
2.81g/t Au
over 2.65m
incl. 10.7g/t Au
over 0.65m
MH-18-20
9.36g/t Au
over 2.15m
MH-18-39
70.29g/t Au
over 9.05m
incl. 550.31g/t Au
over 1.10m
MH-18-34
2.76g/t Au
over 12.40m
incl. 9.84g/t Au
over 2.25m
MH-18-40
0.98g/t Au
over 14.7m
incl. 13.0g/t Au
over 0.65m
MH-18-37
0.92g/t Au
over 3.70m
incl. 2.45g/t Au
over0.70m
MH-18-01
4.20g/t Au
over 8.95m
[_
Historic Float
19 to 149g.t Au
Moosehead Project
!A
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Phase 2 Drillholes
Previous Drillholes
!A Phase 3 Drillholes
s
SUB-PARALLEL
STRUCTURES
[_[_
MH-19-52
VG in 2.5m
Veined Zone
Assays
Pending
MH-19-53
VG in Core
Assays
Pending
VG in Core
Assays
Pending
VG in Core
Assays
Pending
VG in Core
Assays
Pending
[_
[_
[_
[_
MH-19-62
VG in 0.90m
Quartz Vein
Assays
Pending
Projected
Longitudinal
Section Line