Sokoman Minerals Cuts 4.8 m of 33.59 g/t Au at Moosehead Property, Newfoundland High-Grade Eastern Trend Expanded and Remains Open
Sokoman Minerals Cuts 4.8 m of 33.59 g/t Au at Moosehead Property,
Newfoundland
High-Grade Eastern Trend Expanded and Remains Open
St. John’s, NL, April 16, 2019 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF)
(the “Company” or “Sokoman”) is pleased to announce assay results from Phase 3 diamond
drilling at the high -grade Moosehead Gold Project. The recently completed, 21 hole, 4,715 m
winter program successfully extend ed the high-grade Eastern Trend, demonstrated the existence
of higher grades in the area, and tested magnetic anomalies northeast of the presently defined
Eastern Trend. A portion of the program was completed from the surface of North Pond with the
majority of the remaining holes drilled from the eastern side of North Pond.
Program highlights, including a summary of significant results:
1) MH-19-62 cuts 4.8 m* of 33.59 g/t Au; including 0.90 m* of 124.15 g/t Au starting at
a downhole depth of 239.85 m.
2) MH-19-62 intercept is located 110 m northeast of the MH-18-01 (discovery)
intercept.
3) Strike length of the Eastern Trend shear zone is extended to at least 1 75 m,
remaining open along strike to the north and south, and to depth.
4) Additional parallel or possibly stacked structures under North Pond require further
testing.
5) Other significant intersections include: MH-19-52 (3.50 m of 11.95 g/t Au , incl. 0.80
m of 36.13 g/t Au) ; MH-19-63 (4.10 m of 9.94 g/t Au , incl. 0.55 m of 53.25 g/t Au) ;
MH-19-56 (1.85 m of 9.08 g/t Au, incl. 0.45 m of 32.85 g/t Au).
Timothy Froude, P. Geo., President and CE O, states: “These are our best results in terms of
expanding the strike length of the high -grade core of the Eastern Trend with additional drilling
required to outline these high -grade zones. The winter program has defined the controls of
higher-grade mineralization, with the majority of the higher -grade intercepts as trends or shoots
spatially associated with a strong northeast trending , moderately east dipping shear zone . We
have also intersected high -grade vei ning up-dip from the main shear zone at shallow depths
(32.70 m downhole) in MH-19-55 that returned 0.50 m @ 17.94 g/t Au (core length) suggesting
parallel or stacked structures. We need more drilling to better define the Eastern Trend, therefore
our Phase 4 summer program will be designed to further test this area, to include a barge-based
component on North Pond.”
Four holes (MH -19-47, 49, 51 and 54) were drilled to test magnetic targets under the northern
portion of North Pond and were successful in cutting sheared and veined units, and while only
returning anomalous results, they are mineralized and open along strike and to depth and will
receive further drilling in 2019, including testing a soil geochemical anomaly (140 ppb Au) 250
m to the east of North Pond. Two holes (MH -19-43 and 44) were drilled to test historical results
from 2003 drilling near South Pond, approximately 500 m to the south of North Pond, with both
holes intersecting anomalous values, further drilling contemplated. The Company also plan s to
expand the magnetic survey to cover the South Pond area to outline po ssible shear zones that
extend from the gold bearing structures under North Pond, based on the new structural findings
at Moosehead that resulted in the Eastern Trend discovery. The magnetic survey will also
evaluate an area of gold bearing float in the vicinity of South Pond located by previous operators.
These boulders lie up -ice from North Pond and are most likely from a source near South Pond
not yet discovered.
The intercepts in MH -19-62 and 63, the final two holes of the Phase 3 program, significantly
expand the strike length of the Eastern Trend and will be the primary target area for the barge -
based program this summer. All data, including new televiewer data from several Phase 3 holes,
is being compiled along with Leapfrog 3 -D geological modelling software to complete a 3 -D
model of the Eastern Trend. The planned Phase 4 drilling will be based on the 3 -D model, the
magnetic survey results and the geological picture forming based on the logging of the Eastern
Trend drilling to date.
Update on the Clarks Brook Property
The Company has also applied for permits to drill in Q2 2019 on the Clarks Brook epithermal
gold property located 35 kms to the southeast of Moosehead. This will be a small program, under
2,000 m, testing below previous gold intercepts to see if higher grade mineralization, that often
lies deeper in classic epithermal environments , exists. This exploration will be completed before
the Phase 4 drilling at Moosehead.
QA/QC
A total of 1 ,070 saw cut samples, excluding duplicates, blanks and standards, have been
submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for gold and ICP analysis.
One half of the saw cut sample was submitted for analysis while the other half was retained.
Sample lengths va ried from 0.07 m to 1.3 m in core length with an average length of 0.91 m.
Samples with possible visible gold were submitted for total pulp metallics and gravimetric finish.
All other samples were analyzed by standard fire assay methods. Eastern Analytical is an
accredited assay lab that conforms to requirements of ISO/IEC 17025. Total pulp metallic
analysis is a result of a whole sample being crushed to -10 mesh and pulverized to 95% -150
mesh. The total sample is then weighed and screened 150 mesh. The +1 50 mesh fraction is fire
assayed for Au, and a 30 g subsample of the -150 mesh fraction is fire assayed for Au. A
calculated weighted average of total Au in the sample is reported as well. The Company included
in the sample stream one blank and one industr y approved standard for every twenty samples
submitted, as well as random d uplicates of selected samples. This is in addition to the in -house
standard and duplicate policy of Eastern Analytical.
QP
This news release has been reviewed and approved by Timo thy 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.
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 Valentin e Lake gold
project 150 km to the 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% inte rest in the Clark’s Brook
Gold Property, 35 km 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.sokomanmineralscorp.com
709-765-1726 416-868-1079 x231 Twitter: @SokomanMinerals
[email protected] [email protected] Facebook: @SokomanMinerals