Sokoman Reports Strong Drill Results from the Eastern Trend; Moosehead Gold Project, Central Newfoundland Deepest Intersection of Visible Gold to date suggests a New High-Grade Zone in the Lower Eastern Trend
Sokoman Reports Strong Drill Results from the Eastern Trend;
Moosehead Gold Project, Central Newfoundland
Deepest Intersection of Visible Gold to date suggests a New High-Grade Zone
in the Lower Eastern Trend
St. John’s, NL, July 7, 2022 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) is pleased
to report additional high-grade assays from the Moosehead Gold Project and the recognition of a
potential new gold zone adjacent to the lower portion of the main Eastern Trend. Drill hole MH-22-
418 has intersected the deepest drill intersection with visible gold on the property to date, below the
mineralization in the Eastern Trend. In addition, hole MH -22-422, drilled from the barge as an
undercut of the northernmost hole drille d, either from the ice or barge on North Pond, intersected
high-grade gold values.
Assay highlights include:
• MH-22-422 – 7.00 m of 8.03 g/t Au from 165.00 m downhole (Eastern Trend)
incl. 2.75 m of 19.47 g/t Au and 1.62 m of 31.95 g/t Au
• MH-22-418 – 5.92 m of 4.14 Au from 388.84 m downhole (Lower Eastern Trend)
incl. 1.31 m of 15.60 g/t Au
(Drill intersections are thought to represent 90% of true widths)
Figure 1 – Drill Intersections – Moosehead Project
Figure 2 – Drill Plan Map – Moosehead Project
Tim Froude, President and CEO of Sokoman, says: “The intersections reported today in hole MH-
22-418 are not only the deepest with visible gold, but include mineralization with visible gold located
36 m deeper than the lower Eastern Trend. This suggests a new zone, possibly similar to the Footwall
Splay, is developed in the footwall to the main Eastern Trend (see attached section). The hole gave
multiple gold mineralized areas where the Eastern zone was expected, with the deeper / higher-grade
zone a pleasant surprise. Additional drilling is required to determine the orientation of the new zone
and we continue to drill the remaining approximately 40,000 metres in expanding the mineralized
envelope at Moosehead. We also plan drilling later this summer in the Western Trend where we have
modelled areas with potential to host near-surface, high-grade mineralization that could expand the
Western Trend and a series of drill holes in the southern portion of the property testing the Valentine
Lake structure along strike from our known zones . Drilling continues with two land -based and one
barge-based rig.”
The Moosehead Project has five zones of open-ended gold mineralization focused around the Eastern
Trend in the centr al portion of the property with mineralization defined over a 600-m strike length
and to over 300 m down dip. The Company is well funded with more than $8 million in the treasury.
Table 1: Summary of New Drill Results – Moosehead Project
NSV = No significant values
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.
DDH # Length m Az. Dip Target From (m) To (m) Length m* Au (g/t) G x M Visible Gold
MH-22-422 225 283 54 Eastern Trend 165.00 172.00 7.00 8.03 56.30 Y
inc 169.25 172.00 2.75 19.47 53.54 Y
and 169.25 170.87 1.62 31.95 51.77 Y
MH-22-419 207 283 46 Eastern Trend 159.94 165.27 5.23 1.06 5.66 N
MH-22-418 418 283 45 Eastern Trend 331.50 334.04 2.54 2.10 5.32 Y
(Lower) 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
MH-22-416 183 283 42 Eastern Trend 157.65 165.30 7.65 0.53 4.03 Y
MH-22-415 352 283 40 Eastern Trend 282.00 285.00 3.00 0.90 2.70 N
MH-22-414 358 283 51 Eastern Trend 219.60 221.90 2.30 0.90 2.07 N
and 281.64 286.00 4.36 0.55 2.40 N
281.64 283.00 1.36 1.15 1.57 N
MH-22-413 388 283 55 Eastern Trend 275.00 279.00 4.00 0.62 2.50 N
MH-22-412 416 283 50 Eastern Trend 376.76 377.92 1.16 0.41 0.47 N
MH-22-411 50 286 70 253 Zone NSV
MH-22-410 374 283 51 Eastern Trend 304.00 307.45 3.45 0.56 1.92 N
MH-22-409 304 283 40 253 Zone NSV
MH-22-408 370 283 46 Eastern Trend 280.88 285.40 4.52 0.76 3.45 N
MH-22-407 325 283 45 Eastern Trend 286.00 287.46 1.46 2.91 4.25 Y
MH-22-406 325 283 42 Eastern Trend 282.00 292.00 10.00 0.75 7.50 N
incl 290.00 292.00 2.00 1.67 3.34 N
MH-22-405 139 283 60 Eastern Trend 93.87 94.83 0.96 0.79 0.75 N
MH-22-404 103 284 48 75 Zone NSV
MH-22-403 349 283 40 253 Zone NSV
MH-22-402 337 283 42 Eastern Trend 292.12 295.00 2.88 0.72 2.07 N
incl 293.64 294.25 0.61 2.05 1.25 N
MH-22-396 169 284 40 75 Zone 140.52 142.32 1.80 0.71 1.28 N
MH-22-395 409 284 45 Southern End 185.40 187.50 2.10 0.50 1.05 N
* Core lengths - believed to be 90% of reported lengths.
COVID-19 Protocols
To ensure a working enviro nment 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
Samples, including dup licates, 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 refe rence. 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 m etallics 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 e very 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 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, Go lden 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 adjacent and/or nearby properties is not necess arily 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 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.