Sokoman Reports Additional Strong Results from the Barge Drill Program Moosehead Project, Central Newfoundland Drilling ongoing with three rigs focused on expansion of the Eastern Trend to depth
Sokoman Reports Additional Strong Results from the Barge Drill Program
Moosehead Project, Central Newfoundland
Drilling ongoing with three rigs focused on expansion of the Eastern Trend to depth
St. John’s, NL, April 13, 2022 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) is pleased
to report that the Moosehead Project continues to deliver high -grade assay results, achieving a goal
of expanding all mineralized zones along strike and to depth, while also connecting them.
Assay highlights include:
• MH-21-323 - 4.05 m of 14.55 g/t Au incl. 1.15 m of 57.99 g/t Au from 31.70 m
• MH-21-335 - 3.10 m of 15.80 g/t Au incl. 1.60 m of 29.93 g/t Au from 92.90 m
• MH-21-338 - 5.80 m of 7.05 g/t Au incl. 2.40 m of 15.43 g/t Au from 98.15 m
Moosehead Plan Map with Eastern Trend Fault
MH-21-335 and 338 are barge holes completed in the Main Eastern Trend. They increase confidence
in the interpreted plunge of the high-grade gold shoots as we move north in the current drill program.
MH-22-323 was completed in the 75 Zone that continues to demonstrate high-grade near-surface gold
potential. The Phase 6 program is ongoing wi th 298 holes completed for a total of 51,00 0 m. The
remaining holes in the expanded table below include holes completed last fall from numerous
locations within the overall mineralized footprint (see table for target definition).
Tim Froude, President and CEO of Sokoman, says : “The 75 Zone and the M ain Eastern Trend
continue to deliver strong results and the gap between both zones has narrowed to 65 m. The
modelling is clearly supporting our interpretation that the 75 Zone, or portions thereof, is a splay off
of the Main Eastern Trend with a similar relationship that the Footwall Splay has with the Main
Eastern Trend immediately to the north. Recent drill holes MH-21-346 returned 9.60 m of 7.33 g/t
Au, and MH-21-345 returned 4.75 m of 20.75 g/t Au were completed where the Footwall Splay
and Main Eastern Trend merge (January 20, 2022 news release). Drilling until spring break-up will
focus on the following areas: a section or fan of six to eight holes testing a deeper portion of the Main
Eastern Trend approximately 125 m north of and approximately 150 m down the interpreted plunge
of holes MH-21-345 and 346. There are only two widely-spaced holes in this area representing the
northernmost holes at this elevation (250 m vertically) in the Eastern Trend. A second drill will test
below the current known extent of the Main Eastern Trend approximately 1 25 m downdip of holes
MH-21-345 and 346 at a vertical depth of approximately 250 m where the Eastern Trend is completely
open for expansion.”
The third drill has recently completed a fence of five holes targeting a combined magnetic and C
horizon till anomaly (54 gold grains) 1 km southwest of the South Pond Zone. The area is inferred to
sit along the main Valentine Lake shear zone which hosts Marathon Gold’s Valentine Lake gold
project, that is about to commence mine construction. All five drillholes collared in Laurenceton
Formation mafic volcanics consisting of flows and related breccias . The easternmost hole, MH-22-
395, intersected strongly-sheared flows at 262.3 m. This fault can be projected to the northeast to the
253 Zone and provides a regional framework for the property. MH-22-379 intersected a fine-grained
mafic flow or mafic dyke with 1%-2% locally up to 5% combined pyrite and arsenopyrite from 232.0
m - 235.0 m. At Moosehead, similar occurrences of pyrite and arsenopyrite at mafic dyke margins
carry gold. Also occurring within the interval is a black chlorite zone with abundant buckshot pyrite.
This association is frequently observed proximal to the auriferous veins at Moosehead.
Additional drilling will take place in the 253 Zone area where a subparallel structure carrying quartz
veining and disseminated pyrite + arsenopyrite, first intersected in MH-21-253, returned assays of
7.5 m of 0.31 g/t, 32 m downhole, and 1.78 g/t Au over 1.40 m, 54.8 m downhole . The rig will be
flown to the east side of the structure to better facilitate targeting. The 253 Structure is interpreted to
be several kilometres in length and has had minimal drilling.
Expanded Table of Results – April 2022
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.
Analytical Techniques / QA/QC
DDH # Length m Az. Dip Target From (m) To (m) Length m* Au (g/t) G x M Visible Gold
MH-21-341 110 283 58 62.10 64.90 2.80 7.92 22.17 Y
and 80.55 82.05 1.50 1.60 2.40 N
and 89.60 92.00 2.40 1.71 4.10 N
MH-21-340 95m 587 50 Eastern Trend 64.65 66.05 1.40 13.00 18.18 Y
MH-21-338 120 284 65 Eastern Trend 98.15 103.95 5.80 7.05 40.88 Y
incl 98.50 100.90 2.40 15.43 37.03 Y
MH-21-336 147 284 60 Eastern Trend 97.00 102.70 5.70 1.07 6.12 N
MH-21-335 120 287 51 Eastern Trend 92.90 96.00 3.10 15.80 49.08 Y
incl. 93.70 95.30 1.60 29.93 47.88 Y
MH-21-332 113 285 45 Eastern Trend 89.50 90.85 1.35 13.70 18.47 Y
MH-21-331 241 283 50 South Pond 148.30 158.00 9.70 1.03 10.01 N
incl 152.30 154.00 1.70 2.70 4.58 N
MH-21-325 133 283 40 75 Zone 31.85 37.62 5.77 1.23 8.03 N
incl 36.83 39.00 2.17 2.50 5.42 N
MH-21-323 151 283 40 75 Zone 31.70 35.75 4.05 14.55 58.94 Y
incl 34.60 35.75 1.15 57.99 66.69 Y
MH-21-330 131 283 63 Eastern Trend 34.80 37.80 3.00 2.04 6.12 N
MH-21-328 126 283 56 Eastern Trend 97.90 99.40 1.50 5.50 8.24 N
MH-21-327 217 283 40 South Pond 133.50 134.61 1.11 1.26 1.40 N
and 140.00 142.30 2.30 1.01 2.32 N
MH-21-326 146 283 49 Eastern Trend 31.60 33.20 1.60 1.40 2.25 N
and 93.70 95.20 1.50 1.16 1.40 N
MH-21-324 131 283 45 Eastern Trend 29.40 31.20 1.80 1.70 3.05 N
and 85.50 89.10 3.60 2.32 8.35 N
MH-21-320 123 286 52 Eastern Trend 39.15 40.45 1.30 5.51 7.15 N
and 97.6 98.75 1.15 2.00 2.30 N
MH-21-279 194 283 40 75 Zone 186.40 189.30 2.90 2.28 7.19 N
* Core lengths - believed to be 80-90% of reported lengths.
Eastern Trend &
Footwall Splay
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
visible gold were submitted for total pulp metallics and gra vimetric 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 samp les 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 north-central Newfoundland, that is targeting Dalradian-
type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern
Ireland. The Company also recently 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. The Golden Hope project hosts a recently discovered zone of lithium-
bearing pegmatite dikes that have returned significant grades of Li 2O from surface sampling and
diamond drilling including 8.4 m grad ing 0.95% Li2O from GH-22-01. The Grey River project was
recently tested with five recon drill holes all of which returned gold values highlighted by 10.58 g/t
Au over 1.80 m including 50.13 g/t Au over 0.35 m from GR-21-01.
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 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 Fleur de Lys project through the Junior Exploration Assistance Program.
To learn more, please contact:
Timothy Froude, P.Geo., President
& CEO
Cathy Hume, Director,
Investor Relations
Website:
www.sokomanmineralscorp.com
709-765-1726 416-868-1079 x 251 Twitter: @SokomanMinerals
[email protected] [email protected] Facebook: @SokomanMinerals
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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 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.