Sokoman Minerals Provides Exploration Update on Moosehead Gold Project, Central Newfoundland
Sokoman Minerals Provides Exploration Update on
Moosehead Gold Project, Central Newfoundland
St. John’s, NL, March 31, 2020 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF)
(the “Company” or “Sokoman”) is pleased to provide an update on its winter exploration program
at the Moosehead Gold project.
Phase 5 Diamond Drilling
The Company has completed the minimum 3,000 m commitment for the Phase 5 drilling and has
ceased field operations for the spring break-up period. The Phase 5 program consisted of 13 drill
holes totaling 3,229 metres. All holes reached their target depths except one land-based hole which
was abandoned at 45 metres due to excessive deviation.
Seven holes were drilled from the ice on North Pond testing the extension of the upper, high-grade,
shoots of the Eastern Trend. Visible gold bearing quartz veins and mineralized host rock were
intersected on all four sections over core intervals ranging from less than a metre to approximately
8.0 metres (true thickness estimated at 75-90% of core intervals). The two discrete mineralized
zones that were discovered during the 2019 ice program were intersec ted in the current program
as well. They remain shallow - generally between 30-70 m vertical with visible gold on both
structures. The current program has extended the Eastern Trend an additional 100 m to the north
where it remains open. Core logging is not complete and the core intervals noted are subject to
revision.
Land based drilling of the Eastern Trend focused on evaluating gold mineralization in the deepest
mineralized shoot identified to date, at approximately 200 m vertical. Several holes were
completed on the southern down-plunging portion of the shoot to infill a 75 metre gap between
historical drill hole MH-03-15 (52.54 g/t Au / 2.34 m) and previously released Phase 4 drill hole
MH-19-69a (18.10 g/t Au / 1.45 m including 82.17 g/t Au / 0.30 m). A single hole targeted the up-
plunge portion of the lower shoot north of MH-19-62 (22.55g/t Au /7.20 m) and MH-20-81 (28.29
g/t Au/ 3.90 m). This shoot remains open both up-plunge to the north and down-plunge to the south
and will be tested further in the next phase of drilling.
Due to the ongoing COVID-19 outbreak, core logging and sampling have temporarily been
suspended and all staff have returned home. The Company has been informed by Eastern
Analytical, the Springdale, NL-based laboratory providing analytical results, that work at the lab
is continuing with a reduced workforce. As a result, there is no set timeline for the receipt, or
release, of assay results from the drilling. Updated maps and sections will be posted once all
logging and data entry have been completed.
Airborne Magnetic Survey
The Company is also pleased to report that it has received the final report from Prospectair on the
high-resolution magnetic survey completed in January. The data is undergoing modeling and
computer enhancement. Features requiring ground follow-up, once ground conditions permit, are
already obvious.
Glacial Till Sampling
The initial results from the fall till sampling program have been received and will be merged with
other existing geochemical data. This will then be combined with the high-resolution magnetic
data to plan a prospecting, and possible trenching, field program for Q2 / Q3 2020. While
approximately 50% of the samples have yet to be processed, several samples with strong gold
grain counts from 54 to 63 grains with significant pristine / locally derived gold grains, warrant
follow-up. These particular samples were collected from areas of the property with no or limited
drilling and no previous gold mineralization noted. The contractor, Overburden Drilling
Management of Ottawa, ON has informed Sokoman that the receipt of results will be affected by
work slowdowns or stoppages in an effort to deal with the COVID-19 issue in a responsible
manner.
Timothy Froude, P. Geo., President and CEO, comments: "While the pace of future work is
currently uncertain, we are pleased with what we have accomplished with the Phase 5 drilling and
other activities at Moosehead. We achieved our goal of 3,000+ metres drilled, with more than half
of the holes drilled from the surface of the pond. The first till results from the 2019 program are
encouraging, and together with the new airborne magnetic data, should provide an exciting follow-
up program.
Sokoman will remain active evaluating results to date and planning future exploration, both at
Moosehead and on our other projects. We will continue the modeling and interpretation of the
Moosehead gold zones, as our geologists and consultants can work from home. As soon as
conditions return to normal, we will once again ramp up our exploration efforts.”
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,
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 Moz. of
gold at 1.77 g/t (Marathon Gold Website) 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 Inc. In Labrador, the
Company has a 100% interest in the Iron Horse (Fe) project.
The Company would like to thank the Government of Newfoundland and Labrador for financial
support of the project through the Junior Exploration Assistance Program. The Company is
applying for funding for the upcoming 2020 season as well.
*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization
hosted on the Company’s property.
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 x251 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 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.