Sokoman Minerals Reports Phase 5 Results at Moosehead Gold Project All zones are open and expanding; upcoming 10,000 m Phase 6 drilling will test deeper targets
Sokoman Minerals Reports Phase 5 Results at Moosehead
Gold Project
All zones are open and expanding; upcoming 10,000 m Phase 6 drilling
will test deeper targets
St. John’s, NL, July 15, 2020 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) (the
“Company” or “Sokoman”) is pleased to announce drill results from the recently completed Phase
5 diamond drill program at the Company’s flagship Moosehead Gold Project located in north -
central Newfoundland, with the lower high-grade shoot continuing to deliver strong results. The
program extended both the upper main zone and the lower high-grade shoot to the north where the
zones remain open and are now approximately 500 m in strike length remaining open to depth.
A total of 4,619 m was drilled in 17 holes targeting the lower high-grade shoot at the -200 m
vertical level, as well as near-surface mineralization in the upper main zone. The lower high-grade
shoot reported strong results including the following selected highlights:
• MH-20-86 4.70 m @ 18.60 g/t Au, incl. 1.85 m @ 46.99 g/t Au (from 271.80 m
downhole)*
• MH-20-82 9.50 m @ 5.70 g/t Au, incl. 1.70 m @ 29.19 g/t Au (from 206.50 m
downhole)*
*Note: reported lengths are core lengths; true widths are believed to be 75-90% of reported lengths
Summary table of all Phase 5 results is attached, with the length, grades, dip, azimuth, and presence
of visible gold indicated. A drill plan showing the location of the Phase 5 holes is also attached, and
an updated model and longitudinal are being prepared for posting when completed.
Tim Froude, President and CEO of Sokoman, said: “We are very happy with what we are seeing,
especially with regards to the structure of the deposit. The Eastern Trend shows good continuity,
continues to increase in strike length and remains open along strike to the north and south and to
depth. As with most high-grade gold systems, variability of mineralization and gold grades are
expected. We are eager to test holes to at least twice the current depth, to a 400-m vertical level, and
our next phase of drilling will be our most aggressive program to date. The Phase 6, 10,000 m
program, will be focused on testing the continuity of the zones, and deeper targets, while extending
the strike length in 25-50 m increments.”
The Phase 6 program is expected to start sometime in August 2020, once the Company has received
all necessary permits. Sokoman has also recently received the remaining till sample results and is
compiling this data with earlier results from our survey and historical sampling. The 3-D modelling
of the mineralization is ongoing and undergoing revision with each Phase of drilling. A revised model
for the Eastern Trend, which will include the Western Trend, is being prepared and will be posted on
the website when completed.
Phase 5 Geology
Several holes were drilled to test the interpreted southern, down-plunging portion, of the lower high-
grade shoot, to infill a 75-metre gap between historical drill hole MH -03-15 (52.54 g/t Au / 2.34 m)
and Phase 4 drill hole MH -19-69a (18.10 g/t Au / 1.45 m , including 82.17 g/t Au / 0.30 m) . MH-
20-82 intersected the lower high-grade shoot 25 m north of historic ho le MH-03-15, giving 5.70 g/t
Au / 9.50 m, including 29.19 g/t Au / 1.70 m.
Drill holes MH-20-83, 84 and 85a intersected mineralized vein material that had been subjected to
later shearing and reworking. MH-20-87 intersected a veined zone which typically occurs
immediately above or below the auriferous vein. While the zone was truncated by a fault, the interval
gave 0.60 g/t Au / 6.0 m with the last interval before the fault giving 1.50 g/t Au over 0.50 m. These
brittle-ductile structures which cut and deform the auriferous veins are not unexpected as mentioned
in previous news releases of January 31, 2019 and November 19, 2019:
• The highest-grade intersections (e.g. MH-18-01, 17 and 39) occur in a ductile-brittle Shear/Fault
Zone of uncertain width which has a dip of 50 degrees East and a strike trend of 010 degrees.
• The Shear/Fault Zone is a large-scale, kilometric structure of uncertain regional strike beyond the
small drilled area with possible links to the regional faults/thrusts bounding the gold district. It may
be the most important structure in the area, and therefore the central axis of the Au system. Strike
continuation of the structure is unknown and undrilled. As well as along the strike continuation, the
best potential may lie at depth where the structure intersects the regional NE striking thrust faults.
• 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.
• The relationship between shearing and folding is similar to the Bendigo-Fosterville gold deposits in
Australia. These deposits are commonly multi-structured with principal shear-vein structures having
considerable strike and depth extent to >1,000 m as at Fosterville.
Seven holes were drilled from the ice on North Pond to test the extensions of the upper shoots of the
Eastern Trend. The two discrete mineralized zones identified in 2019 were intersected in the current
program. An upper zone intersected at shallow depths (30-40 m downhole) in 2019 was extended to
the north at slightly deeper depths (40-50 m downhole). Best values from the current program were
from MH-20-88 with 2.20 g/t Au / 1.10 m. The final two ice-holes drilled in 2019 intersected a lower
mineralized zone 110 m downhole. This zone is interpreted to continue to the north with a potentially
slight downward plunge. Best values were from MH-20-92 returning 7.85 g/t Au / 3.00 m, including
26.99 g/t Au / 0.85 m. The general trend of both mineralized zones is toward historic hole MH-02-38
which returned 112 g/t Au / 2.02 m.
The lower high-grade shoot has given some of the highest-grade results at Moosehead, including MH-
19-62 (7.2m @ 22.35 g/t Au) and MH-19-81 (6.4 m @17.34 g/t Au). MH-20-86 cut the lower high-
grade shoot approximately 10m below MH-19-81 returning a comparable grade of 16.85 g/t Au over
5.20 m. The final hole of the program , MH-20-98, intersected the lower high -grade structure at a
down hole depth of 296 m returning 4.16 g/t Au / 5.65 m incl 8.21 g/t Au / 2.50 m. The intersection
in MH-20-98 is 75 m northeast of MH-19-81 and 27 m northeast of MH-20-97 (6.31 g/t Au / 3.10 m).
The zone remains open to the north and downdip to the east.
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.
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.
Analytical Techniques / QA/QC
All core samples submitted for assay 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 Minerals personnel. Samples, including duplicates, blanks and standards, were
submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for gold analysis. Eastern
Analytical is an accredited assay lab that conforms to requirements of ISO/IEC 17025. Samples with
possible visible gold were submitted for total pulp metallics and gravimetric finish. All other samples
were analyzed by standard fire assay methods. 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
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. One blank and one industry approved standard for every twenty samples submitted, is
included in the sample stream. In addition, random duplicates of selected samples are analyzed in
addition to the in-house standard and duplicate policies of Eastern Analytical.
About Sokoman Minerals Corp.
Sokoman Minerals Corp. (TSX.V: SIC) (OTCQB: SICNF) 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.
*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of
mineralization hosted on the Company's property.
The Company would like to thank the Government of 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 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.