Sokoman Minerals Reports High-Grade Gold Assays Fleur de Lys Gold Project - North-Central Newfoundland Prospecting grab samples give values up to 13.96 g/t Au
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Sokoman Minerals Reports High-Grade Gold Assays
Fleur de Lys Gold Project - North-Central Newfoundland
Prospecting grab samples give values up to 13.96 g/t Au
St. John’s, NL, August 2, 2023 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (the
“Company” or “Sokoman”) is pleased to announce that a two-day scouting trip to Fleur de Lys has
located the highest-grade rock sample values since staking the property in 2020. Grab sampling in an
area that gave values up to 3.2 g/t Au in 1987 has not only verified the original showing but returned
substantially higher grades , including the highest -grade value located by Sokoman - 13.96 g/t Au,
from a 1- to 2-metre-wide shear zone with stringer quartz veining and 20-30% pyrite with minor
arsenopyrite. Five rock samples were collected at random intervals along a 15-20 m section along an
old logging road. Four samples of mineralized shear gave 13.96, 5.89, 2.55, and 1.46 g/t Au using
metallic sieve gold analysis. A fifth sample of unminerali zed wall -rock, gave 20 ppb Au. Of
significance is that almost all of the gold was from the -150 mesh size fraction, suggesting very fine-
grained gold similar to that at the Curraghinalt deposit in Northern Ireland.
The closest till sampl e line is located 2 km down-ice and along the structural trend, and has three
consecutive samples with 51, 23, and 8 gold grains respectively. This mineralized zone is a prime
exploration target for prospecting follow-up this month . Exploration will consist of detailed
prospecting with some soil geochemistry in areas with the highest gold-grain counts. The exploration
is expected to take three to four weeks to complete.
Tim Froude, President and CEO of Sokoman, commented: “We see strong similarities to
Curraghinalt in Northern Ireland, where the gold occurs as fine inclusions in pyrite and in quartz veins
hosted in shear zones without much alteration or gold in the wall-rock. These new results give us an
additional target for follow up although the main focus will be on a cluster of gold -in-till anomalies
in the northeastern part of the property, 20 to 30 km to the northeast of the recently discovered gold
values, highlighting the broad, widespread gold potential at Fleur de Lys.”
Company geologists and prospectors recently toured gold systems in Dalradian / Caledonian rocks in
Northern Ireland, which are equivalent to the Appalachian, Fleur de Lys Supergroup rocks, including
mineralization in and around the world -class Curraghinalt gold deposit. Curraghi nalt is host to >6
million ounces of NI 43 -101 compliant* gold resources in 20+, discrete quartz veins ranging from
tens of centimeters to more than 1.5 m in thickness. The veins have strike lengths in excess of 1.8 km
and have been intersected in drill holes to 1,000 m vertically with the resources calculated by SRK
Consulting (Canada) in 2018 to a 400 m depth . Curraghinalt, which remains open at depth, is the
largest gold deposit in the Appalachian-Caledonian Orogen.
Mineralized Shear – Fleur de Lys Group (grab sample of rusty zone - 13.96 g/t Au)
Close-up of high-grade zone - Fleur de Lys Group (13.96 g/t Au grab sample)
The Fleur de Lys Gold Project
The 100%-owned project is located on the west side of the Baie Verte Peninsula in north -central
Newfoundland, an area that has a long history of base metal and gold production dating back to the
1860s. The project is highly prospective for Dalradian -style (e.g., Curraghinalt) orogenic , vein-
hosted, gold deposits and as such, represents a readily accessible , yet underexplored, district -scale,
gold target in the Newfoundland Appalachians. The Fleur de Lys Supergroup, which underlies the
project, includes equivalent rocks to the Dalradian Supergroup in the UK, where three significant
gold deposits, including the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish
in Scotland are found. The Dalradian, vein-hosted, gold deposits occur in moderate to high -grade
metamorphic terranes and are typically high grade.
Before Sokoman’s exploration, the Fleur de Lys belt had seen little modern exploration with some
areas completely unexplored, even though historical grab sample values of 3.3 g/t Au to 25.5 g/t Au
were reported from several locations ( note: most historical assays have not been verified by the
Company and should not be relied upon). Sokoman’s Fleur de Lys property is ideally suited to cost-
effective exploration with excellent access and infrastructure, a supportive loc al population, a long
history of mining, and support businesses.
The Company has completed a property scale C -Horizon Till sampling program (1,260 samples)
implemented and overseen by Overburden Drilling Management (ODM), which has outlined strongly
anomalous gold in tills overlying favourable rocks and structures with significant gold values in both
float and bedrock. The background level of gold grains in tills for the project has been determined to
be 10 grains in a 10 - to 12-kilogram sample of screened till. ODM considers a Fleur de Lys sample
to be anomalous if it contains two -times background or 20 gold grains. Results indicate that of the
1,260 samples collected, 328 samples, or just over 25%, have at least 20 gold grains (to a maximum
of 230 grains) and are considered anomalous. Fifty-five (55) samples contain at least 60 grains ( six-
times background) with multiple samples containing more than 50% pristine gold grains. Gold grains
described as pristine are considered to be from a local bedrock source. Of note - most gold grains at
Fleur de Lys are small ( <1 mm) as is most of the gold at Cur raghinalt, where gold is intimately
associated with pyrite mineralization in quartz veins.
In addition, limited prospecting has located anomalous gold in bedrock and float with 34 samples
giving gold values >100 ppb Au (0.1 g/t Au), including 18 samples >500 ppb Au (0.5 g/t Au), and 10
samples >1000 ppb Au (>1.0 g/t Au) with a maximum of 6.2 g/t Au. The highest gold value was in
an outcrop (a grab sample) in an area of strong gold-grain counts. A regional airborne magnetic survey
(Geological Survey of Canada (GSC) - 2015) over the Baie Verte Peninsula suggests that multiple
crosscutting structures occur in the vicinity of several strong gold in till anomalies and in multiple
rock (grab and float) gold-bearing samples, all within a 5 -8 km corridor adjacent to the Baie Verte
Line. Interpretation of the till results by ODM defines a target area of 30 km strike length, with better-
defined anomalies located within this 30 km long area.
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.
Till Sampling QA/QC
The till samples were collected by Sokoman personnel using field collection techniques provided by
ODM. All samples were hand dug to the desired depth (C -Horizon Till) with a 10 - to 12-kg sieved
sample (8 mesh) placed in a clear plastic sample bag and sealed. Samples were shipped in plastic
pails by bonded courier to the ODM lab in Ottawa, Ontario. The till samples are processed using
procedures designed to progressively concentrate the heavy minerals, expose the gold grains and
prepare a split of the heavy mineral concentrate (“HMC”) suitable for geochemical analysis if
requested. The gold grains, more than 95% of which are normally silt -sized (Averill 2001), are
observed at this stage with the aid of micro -panning and are counted, measured, and classified as to
degree of wear (ie distance of glacial transport), then returned to the table concentrate. Th e pyrite
content of the pan concentrate is estimated and the number of grains of heavier, visually distinctive
indicator minerals such as arsenopyrite, galena, scheelite, cinnabar, etc. is recorded.
Quality Control and Quality Assurance Measures
In addition to using field duplicates to monitor the quality of the indicator mineral data obtained from
specific projects, ODM performs blind tests to ensure that the recovery rates for all targeted minerals
are consistently in the 80% to 90% range. Furthermore, both the quality of the mineral separation and
the overall mineralogy of the concentrate are visible at every stage of the concentration process,
minimizing the potential for sample mix-ups, indicator mineral carryover between samples, and other
potential contamination issues. For example, gold grains, which are the most important indicator
mineral on many surveys, are more susceptible to inter -sample carryover than any other indicator
mineral due to their very small size, but these grains are physically observed during the first stage of
mineral concentration, tabling, and if anomalous concentrations are present, blank samples are tabled
and carefully inspected for gold grains before the next project sample is processed.
Rock Sample Analysis
Rock sample analysis (gold by fire assay) was completed at Eastern Analytical Ltd. (Eastern), in
Springdale NL. Samples were delivered in sealed bags directly to the lab by Sokoman Minerals ’
personnel. Eastern is an accredited assay lab that conforms to the requirements of ISO/IEC 17025.
Eastern routinely inserts industry-accepted standards and blanks in all sample runs performed as well
as completing random duplicate analysis. All core samples submitted for assa y were saw cut by
Sokoman personnel with one -half submitted for assay and one -half retained for reference. Samples
were delivered in sealed bags directly to the lab by Sokoman personnel. Samples with possible visible
gold were submitted for total pulp meta llics and gravimetric finish. Total pulp metallic analysis
includes: the whole sample is crushed to -10 mesh; then pulverized to 95% -150 mesh. The total
sample is weighed and screened to 150 mesh; the +150 mesh fraction is fire assayed for Au, and a 30
g subsample of the -150 mesh fraction is fire assayed for Au; with a calculated weighted average of
total Au in the sample reported as well. All reported assays are uncut.
About Sokoman Minerals Corp.
Sokoman Minerals Corp. is a discovery -oriented company with projects in the province of
Newfoundland and Labrador, Canada. The Company's primary focus is its portfolio of gold projects;
the 100%-owned flagship, advanced-stage Moosehead, as well as Crippleback Lake (available for
option); and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland
Gold Belt, and the district-scale Fleur de Lys project near Baie Verte in north-central Newfoundland,
that is targeting Dalradian -type orogenic gold mineralization similar to the Curraghin alt and
Cavanacaw deposits in Northern Ireland. The Company also entered into a strategic alliance with
Benton Resources Inc. through three, large -scale, joint -venture properties including Grey River,
Golden Hope, and Kepenkeck in Newfoundland.
Sokoman now controls , independently and through the Benton Alliance, over 150,000 hectares
(>6,000 claims – 1500 sq. km), making it one of the largest landholders in Newfoundland, in Canada’s
newest and rapidly emerging gold districts. The Company also ret ains an interest in an early -stage
antimony/gold project (Startrek) in Newfoundland, optioned to Thunder Gold Corp (formerly White
Metal Resources Inc.) , and in Labrador, the Company has a 100% interest in the Iron Horse (Fe)
project which has Direct Shipping Ore (DSO) potential.
Mineralization hosted on adjacent and/or nearby and/or referenced properties is not necessarily
indicative of mineralization hosted on the Company's property.
*The Curraghinalt deposit has >6 million ounces of NI 43-101 compliant gold resources including
6.34 million tonnes at 15.01 grams per tonne (Measured and Indicated) for 3.06 million ounces;
and 7.72 million tonnes at 12.24 grams per tonne gold (Inferred) for 3.03 million ounces {2018
Mineral Resource Statement, Curraghinalt Gold Project, Northern Ireland, SRK Consulting
(Canada)}.
The Company would like to thank the Government of Newfoundland and Labrador for past financial
support of the Fleur de Lys project through the Junior Exploration Assistance Program.
For further information, please contact:
Sokoman Minerals
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: [email protected]
Cathy Hume, VP Corporate Development, Director
Phone: 416-868-1079 x251
Email: [email protected]
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
LinkedIn: @SokomanMinerals
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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 ref lect 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.