Sokoman Reports Additional Eastern Trend Mineralization and Provides Update on MH-22-463; Moosehead Gold Project, Central Newfoundland Structural update suggests MH-22-463 is opening up a new structural orientation at the lower levels of the currently defined Moosehead gold system
Sokoman Reports Additional Eastern Trend Mineralization and Provides Update on MH-22-463;
Moosehead Gold Project, Central Newfoundland
Structural update suggests MH-22-463 is opening up a new structural orientation
at the lower levels of the currently defined Moosehead gold system
St. John’s, NL, November 24, 2022 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) is pleased
to report the following assay results from the ongoing 100,000 m Phase 6 program at Moosehead, as well as
update on exploration in the vicinity of MH-22-463 which returned a 39.6 m intercept (core length) grading
12.50 g/t Au, including a higher-grade interval of 10.25 m grading 41.97 g/t Au from the Lower Eastern Trend.
The mineralized zone in MH-22-463 is located approximately 100 m below the currently modeled mineralized
shell for the Eastern Trend. Also released are 14 holes drilled along the northern perimeter of the Western Trend
where geophysics (magnetics and historical IP) indicated the potential to expand the zone in that direction.
Drilling highlights from the Eastern Trend include:
MH-22-489: three zones of mineralization were intersected; from 106.35 m to 108.10 m (1.75 m @ 2.69
g/t Au); and, from 210.40 m to 212.22 m (1.82 m @ 3.78 g/t Au); and, from 244.19 m to 245.20 m (1.01
m @ 56.67 g/t Au)
MH-22-485: two zones of mineralization were intersected; from 203.00 m to 209.45 m (6.45 m @ 4.01 g/t
Au); and, from 227.45 m to 232.95 m (5.50 m @ 1.27 g/t Au)
Other holes reported today (full assay summary appended) confirm the continuation of the Eastern Trend
to the north and down dip and drilling will continue in those directions. The drilling includes holes designed
to extend the Eastern Trend to depth, as well as testing are as inferred to be within the Eastern Trend but
where previously drilled holes are too widely spaced to confirm. The onset of freezing temperatures ha s
forced an end to the barge -based program for 2022 but will re sume in 2023. While the main focus of the
barge program was the Eastern Trend and splays linked to it, it now appears that the recent intersection in
MH-22-463 may be partially tested by holes drilled from the barge. Meanwhile, drilling to test the MH-22-
463 area will commence today, with holes being collared from the western side of North Pond. Drilling at
Moosehead will continue with two drills until the holiday break period which starts December 15, 2022.
MH-22-463
Drill hole MH-22-463 reported (see September 6, 2022 news release) one of the best intersections on the
Moosehead Property to date, returning 39.60 m of 12.50 g/t Au including a 10.25 m section averaging
41.97 g/t Au. This represents the deepest, high-grade intersection to date at approximately 370 m down dip
(300 m vertically). The Company has been reviewing all available information from the immediate area
including televiewer data from the hole, combined with a visit from structural consultant, Dr. David Coller,
who spent five days at Moosehead reviewing the core. Following his rigorous assessment of core and 3D
modeling, Dr. Coller corroborates that the intersection in MH -22-463 represents a new and previously
unrecognized gold occurrence in the footwall to the Eastern Trend. The intersection in MH -22-463 is
complex, with the borehole intersecting at an oblique angle and crossing several gold -bearing intact veins
and extensive mineralized vein breccia intervals. The interpreted westerly dip of this deeper level zone is
new and opposite to the gold structures established at higher levels and is interpreted as either a high-grade
linking structure or fold core-controlled breccia-vein zone.
Borehole MH -22-418, loc ated 80 m to the northwest and also in the footwall of the Eastern Trend ,
intersected similar intact veins and vein breccia as MH -22-463, grading 4.14 g/t Au over 5.92 m from
388.84 m downhole including 1.31 m of 15.60 g/t Au. One scenario links these intersections with a shallow
rake within a northwest-dipping plane that is best tested by drilling towards it from the west shore of North
Pond. A second possible scenario (based on the current televiewer data) is for these similar high -grade
intersections to be two of a series of new NE trending NW dipping zones. New televiewer data being
acquired is aimed at improving the estimation of the strike trend to plan and optimize the drill test of the
extent and continuity of this high-grade occurrence. True thickness and extent of the mineralization in MH-
22-463 will require multiple drill holes from potentially different orientations. Up to this point , the
Company has been targeting east-dipping structures like the Eastern Trend. This opens up a new structural
orientation at the lower levels of the gold system that have not been targeted except for the early drilling in
2018/2019. These holes will also be completed using HQ-size core to provide a larger diameter hole for
better televiewer accessibility and maximize sample size should visible gold be intersected.
Western Trend
A total of 14 holes were drilled around the northern limits of currently defined Western Trend. While
intersecting favourable structures, most holes returned low values (see table) , however, t he structures
remain open to the north where till and soil Geoch em anomalies remain unexplained. The Western Trend
is also open along strike to the south and down dip. The area will be reassessed over the holiday break for
additional testing in 2023. The Western Trend, like all of the mineralized zones at Moosehead, hosts near-
surface, high-grade gold such as previously reported in hole MH-18-08 that cut two zones, including; 1.05
m @ 207.5 g/t Au from 8.5 m downhole, and 2.28 m @ 42.36 g/t Au from 33.07 m downhole.
Tim Froude, President and CEO of Sokoman, says : “We will soon be testing the area surrounding t he
intersection reported in hole MH -22-463. Dr. Coller’s visit was timely and critical, and we now have the
start of a new model that we feel strongly will deliver additional intersections. Drilling will commence
immediately and we hope to have news before the holiday break in mid -December. The number of holes
to be placed into the 463 area will be determined by the results we get as we drill them.
The barge -based program was not finished b efore year-end due to an earlier-than-expected freeze-up,
therefore the program will be continued as early as possible in 2023. We have also just received a new
magnetic interpretation for the project and combined with the deep seeking Alpha IP survey whic h is
expected to commence imminently, will ensure we have the best , and most up-to-date package of data to
work with moving forward. To date, we have completed 77,500 m in Phase 6 with approximately 1 ,050
samples outstanding at the lab representing all or parts of about 15 holes.”
Figure 1 – Drill Plan – Moosehead Project
Drilling on the Moosehead Project to date has discovered five zones of gold mineralization, most containing
visible gold, focused mainly on the Eastern Trend in the central portion of the property. Gold mineralization
has been defined over a 600-m strike length and to 370-m down dip. The Company is well funded with
more than $4.5 million in the treasury.
Table 1: Summary of Drill Results – Moosehead Project
DDH # Length m Az. Dip Target From (m) To (m) Length m* Au (g/t) G x M Visible Gold
MH-22-490 354 283 -57 Eastern Trend 215.00 223.00 8.00 1.52 12.16 N
MH-22-489 312 283 -52 Eastern Trend 106.35 108.10 1.75 2.69 4.72 Y
and 208.25 213.13 4.88 1.54 10.76 N
and 244.19 245.20 1.01 56.67 57.24 Y
MH-22-488 294 283 -47 Eastern Trend 215.37 219.00 3.63 1.02 3.71 N
MH-22-487 286 283 -57 Eastern Trend 218.32 223.07 4.75 0.62 2.95 N
and 263.80 266.35 2.55 0.77 1.97 N
MH-22-486 297 283 -53 Eastern Trend 214.75 217.39 2.64 1.35 3.57 N
MH-22-485 270 283 -49 Eastern Trend 203.00 209.45 6.45 4.01 25.87 N
and 227.45 232.95 5.50 1.27 7.01 N
MH-22-484 188 245 -40 Western Trend 56.00 60.35 4.35 0.78 3.40 N
MH-22-483 127 245 -75 Western Trend NSV N
MH-22-482 112 245 -60 Western Trend 69.88 71.14 1.26 2.62 3.30 N
MH-22-481 267 283 -44 Eastern Trend 200.60 203.50 2.90 0.62 1.81 N
and 216.70 218.70 2.00 0.72 1.45 N
MH-22-480 99.5 245 -40 Western Trend 78.10 80.45 2.35 0.63 1.49 N
MH-22-479 160 245 -75 Western trend NSV N
MH-22-478 172 245 -65 Western Trend NSV N
MH-22-477 253 283 -52 Eastern Trend 147.20 150.00 2.80 0.79 2.21 N
and 187.90 191.25 3.35 0.46 1.53 N
MH-22-476 163 245 -67 Western Trend 157.60 158.50 0.90 5.18 4.64 N
MH-22-475 133 245 -56 Western Trend 65.90 68.18 2.28 0.51 1.16 N
MH-22-474 452 283 -73 Eastern Trend 399.95 405.15 5.20 0.69 3.58 N
MH-22-473 256 283 -45 Eastern Trend 154.10 154.80 0.70 1.73 1.21 N
MH-22-472 151 245 -75 Western Trend 76.80 78.40 1.60 1.08 1.73 N
MH-22-471 151 245 -65 Western Trend 73.50 75.65 2.15 0.71 1.52 Y
MH-22-470 237 283 -40 Eastern Trend 141.65 146.70 5.05 0.56 2.82 N
MH-22-469 34 245 -62 Western Trend NSV N
MH-22-468 Eastern Trend 245.60 248.88 3.28 3.07 10.09 N
incl 246.80 248.88 2.08 4.56 9.49 N
MH-22-467 60 245 -40 Western Trend NSV N
MH-22-466 133 245 -72 Western Trend 84.10 85.90 1.80 0.38 0.69 N
MH-22-465 232 283 -70 Eastern Trend 177.28 178.12 0.84 1.14 0.96 N
MH-22-464 151 245 -64 Western Trend 77.10 79.72 2.62 0.35 0.94 N
MH-22-463** 425 283 62 Eastern Trend 295.30 334.90 39.60 12.50 495.15 Y
incl 312.35 322.60 10.25 41.97 430.28 Y
incl 319.60 322.60 3.00 102.25 306.78 Y
MH-22-418** 418 283 45 Eastern Trend 331.50 334.04 2.54 2.10 5.32 Y
and 343.32 345.64 2.32 1.56 3.63 N
and 351.48 352.74 1.26 4.37 5.51 Y
and 388.84 394.76 5.92 4.14 24.54 Y
incl 389.84 391.15 1.31 15.60 20.46 Y
* True Core lengths - believed to be 90% of reported lengths.
NSV = No Significant Values
**Previously released results
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 possible vis ible 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 ; flagship, advanced-
stage Moosehead, Crippleback Lake (optioned to Trans Canada Gold Corp.) and East Alder (optioned to
Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de
Lys project in northwestern Newf oundland, 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 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 adjacen t 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
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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 informa tion 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.