Sokoman Provides Update - Moosehead Gold Project, Central Newfoundland Alpha IP Survey Identifies Multiple Anomalies
Sokoman Provides Update - Moosehead Gold Project, Central Newfoundland
Alpha IP Survey Identifies Multiple Anomalies
St. John’s, NL, July 26, 2023 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF)
(“Sokoman” or the “Company”) is pleased to provide an update on the Alpha IP Resistivity /
Chargeability Survey completed at Moosehead earlier this year which has outlined first, second
and third-priority anomalies to both the west and east of the main mineralized trends drilled in the
central portion of the property. The anomalies will be evaluated with the data merged with earlier
geophysical surveys and diamond drill holes to further refine drill target s. The Alpha IP Survey
consisted of six Induced Polarization (IP) profiles on the grid laid out based on exploration
objectives, geological target size, and terrain conditions with line lengths from 1450 m to 1525 m
at 100 m intervals.
The Alpha IP has the potential to see deeper than o lder IP systems with the results point ing to
high-priority targets to the west of, and below, the Western Trend, and a series of second and third-
priority targets to the east of the Eastern Trend which may be linked to the 253 Zone initially
drilled in 2022. Three figures included in this update show the location of the anomalies in a) a
plan view; b) a plan view with mineralized zones; and c) a longitudinal sectional view.
The highest-priority anomalies (green dots) in the center of the surveyed area (Figures 1 and 2),
correlate well with the location of the Eastern Trend, 75 Zone, and South Pond Zone
mineralization. Figure 3 shows the anomalies on a long section view of the mineralized trends
indicating that most of the anomalies on the western and eastern portions have not been tested by
drilling. Calculated anomaly depths range from less than 100 m vertical to about 400 m depth.
Tim Froude, President, and CEO of Sokoman, says: “We are quite excited by the potential we
see in the anomalies generated by the Alpha IP Survey. The similar character of the cluster of
high-priority anomalies in the western part of the survey to those in the centre of the survey is
quite intriguing and will obviously be addressed in the next round of drilling or trenching.
In addition to the contractor’s recommendations, we have just completed our own internal
interpretation of the data and have come up with several targets independent of those outlined by
Simcoe Geoscience. In total, we have 19 drill and or trenching targe ts (depending on depth) to
investigate with a recommendation for approximately 3,800 metres of diamond drilling. We intend
to begin testing these anomalies in about two weeks once drillers have returned from their regular
scheduled break.”
Figure 1 – Plan view - Image showing location of Alpha IP Survey with targets shown
Figure 2 – Plan view - Alpha IP targets / mineralized zones at Moosehead
Figure 3 – Longitudinal section showing Alpha IP targets
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 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; 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 northwestern 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 a 1% NSR 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 histori cal 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.