Sokoman Minerals Receives Structural Report on the Moosehead Gold Property Report Provides Insights on Gold Mineralization in the Eastern Trend and Identifies 2020 Drill Targets
Sokoman Minerals Receives Structural Report on the Moosehead Gold Property
Report Provides Insights on Gold Mineralization in the Eastern Trend and Identifies 2020 Drill
Targets
St. John’s, NL, November 27, 2019 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF)
(the “Company” or “Sokoman”) is pleased to announce that it has received the Structural
Interpretation Report o n the Eastern Trend Zone o f the Company’s flagship Moosehead Gold
Property in north-central Newfoundland. This report, prepared by Dublin-based Earth Tectonics
Ltd., details the structural controls of gold mineralization in the Eastern Trend and provides
recommendations for future exploration.
Timothy Froude, P. Geo., President and CEO states: “The Earth Tectonics report has greatly
strengthened the case that the Moosehead property is of significant value to the Company . The
geology, structure, and style of mineralization compare favourably to the Fosterville gold deposit
in Australia, which added some very high-grade gold resources to Kirkland Lake Gold's inventory
after a deep drilling program in 2015. Moosehead, unlik e Fosterville, has only been tested to
shallow depths (~200 metres vertically). The report has identified multiple underexplored targets
that will require extensive drill testing. To date, Sokoman has drilled 18,600 metres, largely in the
Eastern Trend and immediate vicinity, reporting multiple high-grade intersections, including 5.65
m @ 93.56 g/t Au from MH-18-01 (see News Release dated July 24, 2018), and 4.80 m @ 33.59
g/t Au from MH -19-62 (see News Release dated April 16, 2019), which are among the highest-
grade results in Canada in the past 18 months. It is our intention to be come more aggressive and
we anticipate multiple phases of drilling in 2020, starting in the early winter.”
Report highlights include:
1) Long section interpretations suggest a Main Zone consisting of several south -plunging
high-grade shoots in the main fault -vein system which may be comprised of at least two
lenses. The deepest drilling contains the highest -grade shoot at >100 gram -metres
(grade multiplied by thickness) and is open in all directions.
2) Vein style and host structures are typical of a sediment or intrusive hosted gold system
controlled by reverse or strike -slip shears in a low grade metamorphic, compressional
regime.
3) The relationship between shearing and folding is similar to the Bendigo-Fosterville type
gold deposits in Australia. These deposits are commonly multi-structured with principal
shear-vein structures having considerable strike and depth extent ( to >1000 m) as at
Fosterville.
4) Phase 4 drilling has confirmed the geometry of the central area of the Eastern Trend which
remains open along strike and to depth. The across-strike link with the Western Trend is
also flagged as an area of potential interest.
5) The Eastern Trend explorati on is at early stage with potential deposit size yet to be
determined.
The Company is planning the next Phase (s) of drilling , mainly based on the interpretation and
recommendations in the Structural Report. The main focus for 2020 will be to extend the Eastern
Trend to depth and along strike to the north and south.
Selected excerpts from the Earth Tectonics Structural Report can be found at
www.sokomanmineralscorp.com . The Company is also working on a 3-D model of the Eastern
Trend, which will be posted on the Company’s website in due course.
The Company acknowledges and thanks the Government of Newfoundland and Labrado r for its
continued support of the Moosehead Project through the Junior Exploration Assistance program
which provides funding for approved projects.
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 pri mary focus is its portfolio of gold projects in Central
Newfoundland on the structural corridor hosting Marathon Gold’s Valentine Lake project (with
measured resources of 1.16 million oz of gold at 2.18 g/t, indicated resources of 1.53 million oz of
gold at 1.66 g/t and inferred resources of 1.53 million oz. 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 recently optioned to White Metal
Resources, and two earlier stage gold properties along the Valentine Lake -Moosehead structural
corridor. In Labrador, the Company has a 100% interest in the Iron Horse (Fe) project which is
believed to host potential DSO iron deposits.
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
Website:
www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
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 con sidered 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 f orward-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 regu latory
authorities by Sokoman Minerals Corp.