Sokoman Reports Additional Assay Results from Moosehead Gold Project, Central Newfoundland Drilling at 463 Zone expands footprint; MH-23-519 extends 463 Zone 68 m down-plunge
Sokoman Reports Additional Assay Results from Moosehead Gold Project, Central Newfoundland
Drilling at 463 Zone expands footprint; MH-23-519 extends 463 Zone 68 m down-plunge
St. John’s, NL, April 13, 2023 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) is pleased to
report that diamond drilling at the new 463 Zone has expanded the footprint of the zone and indicates a
different plumbing system may be responsible for emplacing gold mineralization in some or perhaps most
of the mineralized zones known on the property. Results are highlighted by MH-23-519, which intersected
a 1.4 metre-wide zone of visible gold-bearing quartz veining that returned 12.41 g/t Au (from 409.75
m downhole) 68 m down-plunge from hole 463 and remains op en to the south and to depth. The
company has made a video giving a visual explanation of the results. Investors are encouraged to watch the
video HERE.
Tim Froude, President and CEO of Sokoman, says: “We are very pleased with the results from the 463
Zone drilling as it has not only opened up a large new target area, but the possibility that the vein system
at Moosehead may predate the Eastern Trend shear zone is a significant development. In the past year or
so we have had many intersections that looked “out of place”, that we couldn’t seem to fit anywhere, now
it makes sense that they occur in a perpendicular structure in the footwall (below the main Eastern Trend
and that the Eastern Trend while remaining a significant trap for gold, it may not be the primary target for
additional gold mineralization. We are also optimistic that eventually we will encounter high-grade gold in
the vicinity or associated with the 511 Zone; there is still only limited d rilling in that area. We anticipate
the annual spring breakup to coincide with the crew rotation in about two weeks with drilling
recommencing in late May or earlier, if possible, and we are well funded, with over $6 million in the
treasury.”
Drill Plan – April 13, 2023
In late 2022, drill hole MH-22-463 cut a significant thickness of gold mineralization (39.60 m @12.50 g/t
Au including 10.5 m @41.97 g/t Au (see press release December 15, 2022) that appeared unique in several
aspects to many previous intersections reported on the property. Located in the footwall to the main Eastern
Trend, the intersection suggested a different structure and/or plumbing system existed in this underexplored
area. Drill holes MH -22-505, 512, 517, 519 (and others), designed to test the 463 Zone, all intersected
multiple, narrow, locally high-grade veins in the footwall and perpendicular to the main Eastern Trend.
In conjunction with discussions with structural consultant Dr. David Coller, it now appears clear that the
463 Zone is part of a system of less-deformed veins at right angles to the main Eastern Trend and
consequently, parallel to most of the drilling completed over the previous two years. This also strongly
suggests that the Eastern Trend may not be the feature controlling gold mineralization, but rather it has
crosscut and incorporated a pre-existing vein system as we now see similar-looking gold bearing veins in
deformed, as well as largely -pristine rocks. It a lso opens up the entire footwall environment as a host to
high-grade veins.
At the 511 Zone, located under South Pond, drilling continued to intersect gold mineralization (MH -23-
514 to 516) and the zone remains open and will be further tested in 2023. The recent drilling also confirms
that the 511 Zone consists of multiple subparallel structures.
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 are 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.
Table of Results – April 13, 2023
DDH # Length m* Az. Dip Target From (m) To (m) Length m* Au (g/t) G x M Visible Gold
MH-22-5051 559 110 46 Eastern Trend 188.90 210.25 21.35 9.75 208.22 Y
inc 199.05 206.80 7.75 21.82 169.18 Y
Eastern Footwall 355.00 363.45 8.45 1.94 16.40 N
inc 355.00 358.30 3.30 3.53 11.60 N
MH-22-5111 570 112 40 South Pond IP 336.25 357.22 20.97 1.12 21.45 N
inc 345.80 349.40 3.60 2.32 8.35 N
MH-23-512 568 110 49 Eastern Trend 99.00 99.35 0.35 2.40 0.84 N
Eastern Trend and 110.15 110.40 0.25 1.18 0.28 N
Eastern Footwall and 199.00 199.60 0.60 1.55 0.93 N
Easter Footwall and 210.00 213.00 3.00 3.10 9.30
463 Zone and 321.00 322.00 1.00 1.45 1.45 N
Eastern Footwall and 528.35 529.55 1.20 0.90 1.08 N
MH-23-512A 296 110 49 463 Zone 203.85 208.00 5.15 1.00 5.16 N
wedge from 512 408.35 410.50 2.15 1.79 3.84 Y
MH-23-512B 225 463 Zone NSV
wedge from 512
MH-23-513 299 110 47 Eastern Footwall 127.54 131.80 4.26 0.65 2.78 N
Eastern Footwall incl 127.54 128.18 0.64 2.14 1.37 N
Eastern Footwall and 354.54 356.68 2.14 0.56 1.19 N
463 Zone and 407.02 407.32 0.30 1.20 0.36 N
MH-23-514 421 112 47 511 Zone 106.00 110.05 4.05 0.59 2.37 N
and 368.80 370.20 1.40 1.24 1.74 N
MH-23-515 405 116 40 511 Zone 124.05 125.80 1.75 0.52 0.91 N
and 226.00 229.00 3.00 0.70 2.07 N
and 233.00 236.60 3.60 0.87 3.14 N
and 256.70 258.10 1.40 1.34 1.87 N
and 277.69 278.77 1.08 1.87 2.02 N
and 296.10 296.70 0.60 2.17 1.30 N
and 325.42 325.85 0.43 1.43 0.62 N
and 329.32 329.68 0.36 1.59 0.57 N
MH-23-516 405 118 45 511 Zone 221.00 228.90 7.90 0.50 3.95 N
and 277.95 279.00 1.05 1.03 1.08 N
and 327.75 329.70 1.95 1.39 2.74 N
and 344.80 345.40 0.60 1.16 0.70 N
and 364.25 366.30 2.05 0.76 1.55 N
MH-23-517 508 110 47 Eastern Footwall 248.20 252.70 4.50 1.89 8.54 Y
463 zone 401.60 407.62 6.02 0.86 5.20 N
MH-23-518 532 110 45 Eastern Footwall 19.40 20.50 1.10 1.07 1.18 N
Eastern Footwall 130.00 130.40 0.40 3.48 1.39 N
MH-23-519 490 106 54 463 Zone 409.75 411.15 1.40 12.41 17.37 Y
1 MH-22-505 and 511 are previously released drill holes
* True Core lengths - believed to be 90% of reported lengths.
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% 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 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 t he 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
Thomas Do, IR Manager, CHF Capital Markets
T: 416-868-1079 x 232
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.