Sokoman Provides Drilling Update - Moosehead Gold Project, Central Newfoundland
Sokoman Provides Drilling Update - Moosehead Gold Project, Central Newfoundland
St. John’s, NL, September 14, 2023 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF)
(“Sokoman” or the “Company”) is pleased to provide the following update on the ongoing drilling
program at the 100 %-owned Moosehead gold project. Diamond drilling in the 463 Zone and
adjoining footwall environment has intersected gold mineralization which helps to determine the
plunge of the favourable structure hosting the 463 Zone and other proximal parallel mineralized
zones in the footwall under the main Eastern Trend. The best intersections from th e drill holes
reported today are MH-23-536 and 542, which target ed the down-plunge extension of the 463
Zone which has an earlier intercept of 39.60 m grading 12.50 g/t Au including 10.5 m @ 41.97 g/t
Au (see the December 15, 2022 news release).
Tim Froude, President and CEO of Sokoman, says: “Drilling will continue at Moosehead with
two rigs, focused mainly on testing the Alpha IP targets outlined last winter. We have also begun
trenching near-surface IP anomalies and soil geochemical anomalies. We are also defining a
deeper target, below 500 metres, using our understanding of the structural geology of the main
Eastern Trend from consultant, Dr. David Coller. We expect to be drilling until the Christmas
break.”
The table below gives the drill results for the 463, South Pond, and 75 Zones and also several
reconnaissance holes.
*80-90% true thickness
DDH # Length m Az. Dip Target From (m) To (m) Length m* Au (g/t) G x M Visible Gold
MH-23-527 553 106 -60 463 Zone 79.50 82.00 2.50 0.41 1.03 N
MH-23-527A 541 103 -57 463 Zone 453.50 454.00 1.15 0.78 0.90 Y
MH-23-528 190 275 -45 75 Zone NSV N
MH-23-529 197 275 -55 75 Zone 134.00 135.45 1.45 1.88 2.74 N
MH-23-530 211 275 -65 75 Zone NSV N
MH-23-531 232 255 -50 South Pond 145.50 146.70 1.20 1.11 1.33 y
and 152.80 157.60 4.80 1.46 7.18 N
MH-23-532 316 255 -60 South Pond 144.00 145.00 1.00 1.23 1.23 N
MH-23-533 193 255 -70 South Pond NSV N
MH-23-534 205 255 -50 South Pond 146.50 149.50 3.00 0.63 1.90 NN
MH-23-535 265 255 -60 South Pond NSV N
MH-23-536 592 105 -70 ET-463 Zone 371.40 375.66 4.25 4.74 20.18 N
and 456.80 462.75 5.95 1.75 10.44 N
MH-23-537 325 255 -68 South Pond 227.00 229.85 2.85 0.77 2.20 Y
MH-23-538 285 285 -40 Recon NSV N
MH-23-539 285 285 -40 Recon 59.68 64.15 4.47 0.65 2.94 N64.15
MH-23-540 286 105 -58 ET-footwall 123.60 126.05 2.45 0.87 2.12 N
MH-23-541 267 285 -40 Recon NSV N
MH-23-542 568 105 -52 ET-463 Zone 176.50 180.20 3.70 2.83 10.47 y
and 196.00 201.85 5.85 2.48 14.55 N
MH-23-543 243 285 -40 Recon NSV N
MH-23-544 273 200 -40 Recon NSV N
MH-23-545 352 270 -45 Recon NSV N
Drill Plan Map
Drill holes MH -23-536 and 542 were drilled to follow up a 1.4 m intersection of visible gold -
bearing quartz veins that gave 12.41 g/t Au from 409.75 m downhole (see the April 13, 2023 news
release) an 80 m step-out, 56 m down plunge, from MH-22-463 in the 463 Zone. Results indicate
that the zone remains open down -plunge. Other holes testing the 463 Zone area returned only
anomalous results.
The South Pond drilling focused on the down -plunge extension of drill holes MH-20-123 - 5.00
m @ 26.87 g/t Au and MH-20-141 - 4.20 m @ 64.00 g/t Au (see the July 20, 2021 news release).
Multiple zones of lower-grade gold mineralization were intersected suggesting the zone remains
open to depth.
The 75 Zone was tested with t hree holes with only one hole (MH-23-529) giving significant
mineralization. Additional drilling is planned to try to extend the high -grade min eralization
intersected in MH-21-263 that gave 4.80 m @ 12.86 g/t Au.
Reconnaissance holes include MH-23-538, 539, 541, 543, and 544 drilled near the Bowtie area to
the north of North Pond, with MH-23-545 drilled near the northeastern property boundary testing
a mag high. Only one hole, MH-23-539, returned anomalous gold values.
The Company has started testing IP targets defined by the winter Alpha IP survey that defined
several first- and second-priority targets below and to the west of the Western Trend as well as
targets in the 253 Zone, 200 m to the east of the main Eastern Trend. Results of the first two holes
MH-23-547 and 549, testing the Western Trend area, are pending.
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
Samples, including duplicates, blanks, and standards, were submitted to Eastern Analytical Ltd.
in Springdale, Newfoundland for gold analysis. 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 personnel. Eastern
Analytical Ltd. is an accredited assay lab that conforms to the requirements of ISO/IEC 17025.
Samples with 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 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. One blank and one industry -approved standard for every
twenty samples submitted is included in the sample stream. Random duplicates of selected samples
are analyzed in addition to the in-house standard and duplicate policies of Eastern Analytical Ltd.
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 Curraghinalt 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 retains 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 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 past
financial support of the Moosehead Project through the Junior Exploration Assistance Program.
For more information, please contact:
Timothy Froude, P.Geo., President & CEO
T: 709-765-1726
Cathy Hume, VP Corporate Development, Director
T: 416-868-1079 x 251
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
LinkedIn: @SokomanMineralsCorp
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 uncertainti es. 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 result s is included in the documents filed from time to time
with the Canadian securities regulatory authorities by Sokoman Minerals Corp.