Sokoman Minerals Mobilizes First Drill Rig to Moosehead Project, Central Newfoundland
Sokoman Minerals Mobilizes First Drill Rig to Moosehead Project, Central
Newfoundland
St. John’s, NL, September 10, 2020 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF)
(the “Company” or “Sokoman”) is pleased to announce that it has awarded the Phase 6 , 10,000 m
drilling contract to Springdale Forest Resources of Springdale, Newfoundland. The contractor is
presently mobilizing the first drill rig to the property and field preparations have begun, with the first
core expected early next week. A second rig will be moved onsite once it returns from a previous
commitment, which is expected in 2-3 weeks.
Tim Froude, President and CEO of Sokoman, s ays: “We are pleased that Springdale Forest will
be returning to the Moosehead Project. Their experience with the rocks, and overall familiarity with
the property, have been critical to our success to date in sometimes challenging conditions. While we
will be testing several concepts, the program will have a strong focus on the Eastern Trend, including
the down-dip and along -strike extensions. Plans include test ing of the 400 m vertical level along a
200 m section of the interpreted Eastern Trend structure , with holes also testing for high -grade
mineralization at the 250, 300 and 350 m levels. It’s time to test this system at depth , and we have
sufficient funding to do that.”
In addition, several holes will also be testing for the down -dip extension of the Western Trend, as
well as select reconnaissance holes testing high -priority geochemical targets elsewhere on the
property including the South Pond area where recent prospecting returned high -grade boulders
assaying up to 157 g/t Au (July 30, 2020 Sokoman M inerals Corp. News Release) that strongly
resemble the high-grade Eastern Trend mineralization located 400 m to the north.
The Company has merged the recently received C-horizon till sampling data with the winter heli-mag
survey, and maps will be posted on the website in the coming days. Targets prioritized for drill testing
include till samples returning up to 54 grains of gold (containing 34 delicate and slightly modified
grains) situated over 1 km to the southwest (up-ice) of the Eastern Trend in an area with no previous
drilling.
Moosehead Project
The 100%-owned Moosehead gold project is located along the Trans -Canada Highway in North
Central Newfoundland, on the same trend as the advanced Valentine Lake Project (Marathon Gold),
and adjacent to New Found Gold’s Queensway Project. Both the Moosehead and Queensway projects
are targeting high -grade, turbidite hosted, Fosterville -type gold mineralization. Since acquiring the
project in 2018, Sokoman has consistently produced outstanding drill results including the following
Eastern Trend highlights* from the 5 Phases completed to date:
Phase 1 MH-18-01 11.90 m @ 44.96 g/t Au, incl. 5.65 m @ 93.56 g/t Au
Phase 2 MH-18-39 5.10 m @ 124.20 g/t Au, incl. 1.10 m @ 550.30 g/t Au
Phase 3 MH-19-62 7.20 m @ 22.35 g/t Au, incl. 4.80 m @ 33.59 g/t Au
Phase 4 MH-19-81 6.40 m @17.34 g/t Au, incl. 1.45 m @ 75.50 g/t Au
Phase 5 MH-20-86 5.20 m @16.85 g/t Au, incl. 1.35 m @ 61.11 g/t Au
*Reported lengths are core lengths believed to be 70% - 90% of true thicknesses.
The mineralization has been defined over a 500 m strike length and a 200 m vertical height and
remains open for expansion.
COVID-19 Update
To ensure a working environment that protects the health and safety of the staff and contractors,
Sokoman is operating under federally and provincially mandated and recommended guidelines during
the current COVID-19 alert level.
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 (Moosehead,
Crippleback Lake and East Alder) in Central Newfoundland on the structural co rridor hosting
*Marathon Gold's Valentine Lake project that has estimated proven mineral reserves of 1.3 million
ounces (26.3 million tonnes at 1.52 grams per tonne) and probable mineral reserves of 600,000 oz
(14.8 Mt at 1.23 g/t). Total measured mineral resources (inclusive of the mineral reserves) comprise
1.9 million oz (31.7 Mt at 1.86 g/t) with indicated mineral resources (inclusive of the mineral reserves)
of 1.19 million oz (23.2 Mt at 1.60 g/t). Additional inferred mineral resources are 960,000 oz (16.77
Mt at 1.78 g/t Au).
*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of
mineralization hosted on the Company's property.
Sokoman also has a 100% interest in an early-stage antimony/gold project in Newfoundland recently
optioned to White Metal Resources Inc. In Labrador, the Company has a 100% interest in the Iron
Horse (Fe) project.
The Company would like to thank the Government o f Newfoundland and Labrador for financial
support of the project through the Junior Exploration Assistance Program. Sokoman has also applied
for funding for the 2020 season.
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
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 o r 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.