Sokoman Provides Project Update, Moosehead Gold Project, Central Newfoundland Channel sample results received / 1,500 m drilling program initiated at the Western Trend.
Sokoman Provides Project Update, Moosehead Gold Project, Central Newfoundland
Channel sample results received / 1,500 m drilling program initiated at the Western Trend.
St. John’s, NL, November 27, 2024 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF)
(“Sokoman” or the “Company”) is pleased to announce that a minimum 1,500 m diamond drill
program has begun to test the Western Trend gold zone based on information gained in the
trenching program. Drilling will consist of 20 to 30 diamond drill holes testing along strike / down
dip of the newly discovered, east-west trending, gold-bearing vein network exposed in the Western
Trend trench, a splay off of the main , north-trending vein system similar to the Footwall Splay
trend off of the main Eastern Trend. The trenching was initiated as a first step towards a
conventional (drill and blast) bulk sample from the Western Trend.
The Company also reports the results for the remaining channel samples from the Western Trend
trench and preliminary results for the metallurgical samples from Base Met Labs in Kamloops,
B.C., for scoping-level, metallurgical testing of the Western Trend gold mineralization.
Timothy Froude, P.Geo., President and CEO , states, “We are excited about the next few
months at Moosehead, as we will not only be receiving the first metallurgical test results for the
property, we are also beginning a drilling program based on the results of the trenching program
at the Western Trend, the first step towards a bulk sample at Moosehead. All three programs are
intertwined since the drilling will influence the bulk sample extraction, and the metallurgical work
will strongly influence how and possibly where the sample is processed. The final assay results
for channel samples in the Western Trend trench confirm the significance of the newly recognized
East-West trend of high -grade mineralization, justifying the 1,500 m drill program . Dr. Coller’s
recent visit to the property, focused on the Western Trend trench exposure, will help him determine
the structural setting at Moosehead and ultimately lead to recommendations for deep drilling at
Moosehead.”
Western Trend Channel Sample Results
The remaining channel sample results, 21 samples from channels 8 to 15, from the Western Trend
trench (see channel sample location map) confirm that an east-west trending, high-grade vein
system (the East-West Splay) occurs in the Western Trend. It is highlighted by channel #8, which
returned 8.10 m of 7.09 g/t Au, including 3.20 m of 14.29 g/t Au. A total of 41.2 m, representing
57 separate samples, ranging from 0.15 to 1.10 m (with a median length of 0.73 m), returned an
average weighted grade of 5.79 g/t Au with all samples analyzed by total pulp metallic assaying
at Eastern Analytical Ltd. in Springdale, NL.
Channel Sample Location Map
Western Trend Diamond Drilling
Based on observations from the Western Trend trench, a minimum 1,500 m diamond drill program
is planned to extend the main vein trend and the newly recognized East-West Splay by up to 200
m along strike and 80 m vertically. To date , four drill holes have been completed with all
intersecting visible gold-bearing quartz vein zones . The program is expected to continue to the
Christmas Break, on or about December 19, 2024. All analyses are pending.
Bulk Sampling
The proposed 1,000 m3 (approximately 2,700 tonnes) conventional bulk sample from the Western
Trend trench area is in the permitting stage . It will await the metallurgical testing results on the
242 kg sample (split between the three types of mineralization) at Base Met Labs in Kamloops,
B.C., and the results of the diamond drill program . The Company is in discussion with several
groups regarding bulk sample processing. Also, the Company expects a report on progress on the
Footwall Splay bulk sample from Novamera Inc. later this quarter , including plans for the next
stage of the bulk sample program.
Western Trend Channel Samples
Channel # Sample # length(m) Au g/t Au*length Comments
#1 242011 1 0.14 0.14 Sediment
242012 0.5 0.653 0.3265 Sediment
242013 0.9 9.148 8.2332 Quartz
Total 2.4 3.62 8.70
#2 242014 0.7 0.31 0.217 Sediment
242015 0.6 0.954 0.5724 Sediment
242016 0.7 1.133 0.7931 Sediment
242017 0.5 6.934 3.467 Quartz
242018 0.6 12.846 7.7076 Quartz
242019 0.8 0.884 0.7072 Quartz
Total 3.9 3.45 13.46
#3 242020 0.5 0.593 0.2965 Sediment
242021 1 1.274 1.274 Sediment
242022 0.8 3.743 2.9944 Quartz
242023 0.75 17.034 12.7755 Quartz, Vg
242024 1 1.045 1.045 Quartz
Total 4.05 4.54 18.39
#4 242025 0.75 1.507 1.13025 Sediment
242026 0.95 99.164 94.2058 Quartz, Vg
242027 0.45 26.832 12.0744 Quartz
242028 0.8 0.955 0.764 Quartz Breccia
242029 0.5 0.525 0.2625 Quartz Breccia
242030 0.3 1.627 0.4881 Quartz
242031 0.2 1.299 0.2598 Sediment
242032 0.9 0.669 0.6021 Sediment
Total 4.85 22.64 109.79
#5 242033 1 0.015 0.015 Sediment
242034 1 0.114 0.114 Sediment
242035 1 1.038 1.038 Sediment
242036 1 0.309 0.309 Sediment
242037 0.6 11.145 6.687 Quartz
242038 1 0.614 0.614 Sediment
Total 5.6 1.57 8.78
#6 242039 0.8 0.665 0.532 Sediment
242040 0.15 0.209 0.03135 Quartz
242041 0.35 9.306 3.2571 Quartz
242042 1.1 1.326 1.4586 Sediment
242043 1 1.141 1.141 Sediment
242044 0.2 5.592 1.1184 Quartz
242045 1 2.87 2.87 Sediment
Total 4.6 2.26 10.41
#7 242046 1 5.752 5.752 Quartz
Total 1 5.752 5.752
#8 242047 0.5 0.963 0.4815 Qvlt, Sed
242048 1 0.935 0.935 Sed, Qvlt
242049 1 29.03 29.03 Quartz , VG
242050 1 11.896 11.896 Quartz
242051 0.7 1.258 0.8806 Quartz
242052 0.5 7.877 3.9385 Quartz
242053 0.9 2.7 2.43 Mafic Dyke
242054 1 2.737 2.737 Mafic Dyke
242055 0.5 5.231 2.6155 QTZ, MD
242056 1 2.515 2.515 Mafic Dyke
Total 8.1 7.093716 57.4591
#9 242057 0.8 0.898 0.7184 Quartz
242058 0.8 1.828 1.4624 MD/sed
Total 1.6 1.363 2.1808
#10 242059 1 0.859 0.859 quartz
Total
#11 242060 0.35 1.909 0.66815 Sed,qvlt
242061 0.45 1.782 0.8019 Quartz
242062 1 1.242 1.242 Sed,Quartz
Total 1.8 1.506694 2.71205
#12 242063 0.8 1.141 0.9128 Quartz, sed
Total 0.8 1.141 0.9128
#13 242064 0.2 1.299 0.2598 Quartz
Total 0.2 1.299 0.2598
#14 242065 0.5 1.906 0.953 10cm qv, md
242066 1 0.289 0.289 md.sed
Total 1.5 0.828 1.242
#15 chip 242067 0.25 1.963 0.49075 Quartz
All samples analyzed at Eastern Analytical Ltd., Springdale, NL
Median sample length 0.73 m
41.65 m total meters sampled - 57 samples
weighted average grade 5.79 g/t Au
Metallurgical Testing
The 242 kg metallurgical sample (split between the three types of mineralization ) is being tested
at Base Met Labs in Kamloops, B.C. The first stage work involved establishing the head grade for
all three samples, with the results summarized below:
• Quartz veins - 58.8 g/t Au grade
• Wallrock (sediment) - 0.84 g/t Au grade
• Wallrock (altered dyke) - 2.46 g/t Au grade
Other studies, including gravity recoveries, leaching, etc., are ongoing and expected before year
end.
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, are submitted to Eastern Analytical Ltd. in
Springdale, Newfoundland, for gold analysis. All core samples submitted for assay are saw cut by
Sokoman personnel , with one -half submitted for assay and one -half retained for reference.
Samples are 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 are submitted for total pulp metallics with a gravimetric finish. All other samples are
analyzed by standard fire assay methods. Total pulp metallic analysis includes: the entire sample
being crushed to -10 mesh; and 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, Crippleback Lake, and the
district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, which is
targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw
deposits in Northern Ireland. The Company 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 is one of the largest landholders in Newfoundland, in
Canada's newest and rapidly emerging gold districts.
In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc., a
major developer of lithium projects and processing plants in the USA, and exactly the right partner
to have to advance the lithium project. The agreement provides for Piedmont to earn up to 62.5%
of the Killick Lithium Project (formerly Golden Hope project) by funding up to $12 million in
exploration expenses and issuing $10 million common shares in three stages. The Killick Lithium
Project has been transferred to Killick Lithium Inc. (Killick), a 100%-owned subsidiary of Vinland
Lithium Inc. (Vinland). Newly created Vinland has received $2 million in financing from
Piedmont for a 19.9% interest, with the balance of ownership between Sokoman and Benton.
Sokoman and Benton will continue to operate the exploration efforts at Killick through the earn -
in stages. Sokoman and Benton will retain a royalty of 2% NSR on future production. Piedmont
will have exclusive marketing rights for the promotion and sale of any lithium products produced
from the project on a life-of-mine basis, and the right of first refusal on 100% offtake rights to the
lithium concentrates.
Projects optioned with optionee fully vested:
• East Alder Project optioned to Canterra Minerals Inc (SIC retains 850,000 shares of CTM
plus 1% NSR)
• Startrek Project optioned to Thunder Gold (SIC retains 1,750,000 shares of TGOL plus 1%
NSR)
The Company would like to thank the Government of Newfoundland and Labrador for the
financial support of the Moosehead and Fleur de Lys Project s through the Junior Exploration
Assistance Program over the past few years.
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
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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.