Sokoman Receives Final Water Permit for Barge-Based Drilling at Moosehead Gold Project, Newfoundland
Sokoman Receives Final Water Permit for Barge-Based Drilling at
Moosehead Gold Project, Newfoundland
ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--August 18, 2021--Sokoman
Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) today
announced that it has received the Water Resources Permit from the Government of
Newfoundland and Labrador to begin barge-based drilling at the Company’s 100%-owned
Moosehead Gold Project in central Newfoundland. The recently arrived third drill rig will be
moved onto the barge once the drilling of a fence of holes at the 75 Zone is finished. The barge
drill program will focus on the Upper Eastern Trend and Footwall Splay targets, estimated to
constitute between 5,000 m and 10,000 m of drilling, with drill hole depths expected to be 100 m
or less with a few reaching 215 m. The drill program is expected to run into the fall.
About the Moosehead Gold Project
The 100%-owned Moosehead Gold Project is located along the Trans-Canada Highway in north-
central Newfoundland, Canada, on the same structural trend as the advanced Valentine Lake
Project (Marathon Gold), and adjacent to New Found Gold’s Queensway Project. Both the
Moosehead and Queensway projects are targeting high-grade, turbidite-hosted, Fosterville-type
gold mineralization. At least five zones of significant gold-bearing mineralization have been
identified at Moosehead with multiple high-priority targets, independent of the known zones,
remaining to be tested. Drilling to date has constituted 23,378 m in 106 holes in Phases 1 to 5,
and 24,500 m in 135 holes of a planned 50,000 m program in Phase 6.
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.
COVID-19 Protocols
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.
About Sokoman Minerals Corp.
Sokoman Minerals Corp. is a discovery-oriented company with gold projects in Newfoundland
and Labrador, Canada. The Company’s primary focus is its portfolio of gold projects including
the 100%-owned, high-grade, Fosterville-type Moosehead Gold, and the Crippleback Lake
(optioned to Trans Canada Gold Corp.), and East Alder (optioned to Canterra Minerals
Corporation) Projects, all of which lie along the Central Newfoundland Gold Belt, as well as the
100%-owned, district-scale Fleur de Lys project in north-western Newfoundland, which is
targeting Dalradian-type gold mineralization similar to the Curraghinalt and Cavanacaw deposits
in Northern Ireland. In addition, the Company recently entered into a strategic alliance with
Benton Resources Inc. through three large-scale joint-venture properties for gold, with potential
for other minerals, in Newfoundland - Grey River, Golden Hope and Kepenkeck.
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,
Canada’s newest and rapidly emerging gold district. The Company also retains an interest in an
early-stage antimony/gold project (Startrek) in Newfoundland, optioned to 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 financial
support of the Moosehead Project through the Junior Exploration Assistance Program.
Contacts
Cathy Hume, Director,
Investor Relations
416-868-1079 x251
Timothy Froude, P.Geo.,
President & CEO
709-765-1726
Website: https://sokomanmineralscorp.com/
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
LinkedIn: @SokomanMinerals