Sokoman Reports Strong Gold Grain Counts in Till at Fleur de Lys Project North-Central Newfoundland Multiple targets outlined in Phase 1 Program from 50% of Results
Sokoman Reports Strong Gold Grain Counts in Till at Fleur de Lys Project
North-Central Newfoundland
Multiple targets outlined in Phase 1 Program from 50% of Results
ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--October 6, 2021--Sokoman
Minerals Corp. (TSXV:SIC) (OTCQB:SICNF) (the “Company” or “Sokoman”) is pleased to
announce that the Phase 1, C-Horizon till sampling program, at the Fleur de Lys Gold Project has
been completed with preliminary results outlining multiple anomalous areas. A total of 823
samples were collected in Phase 1 on lines 1.5 km to 2 km apart with sample spacing along the
lines at 250 m. To date, gold grain counts have been received for 400 samples with multiple
anomalies identified. The table below outlines the number of samples reporting anomalous
results.
Based on discussions with Ottawa-based Overburden Drilling Management (ODM), the
company overseeing the project, background gold grain counts have been determined to be 10
grains per sample with an anomalous sample having 2X background or 20 gold grains. Of the
400 results received to date, 109 contain at least 20 gold grains and are considered anomalous
with the two highest gold grain counts, 111 and 116 grains, carrying 90 and 84 pristine grains
respectively, suggesting a very local source (less than 200 metres) on the Fleur de Lys property.
A follow-up program of infill tills, based on the results to date, will commence immediately.
The field crews have also collected 60-plus rock samples with all samples pending assays. Most
samples submitted for assay have in excess of 1% pyrite (iron sulphide), chalcopyrite (copper
sulphide), or galena (lead sulphide).
It is expected that follow-up till sampling and prospecting will continue until late fall.
Tim Froude, President and CEO of Sokoman, said: “We are extremely pleased with the
results to date at the Fleur de Lys Gold Project where our exploration has defined multiple areas
where gold in till is strongly suggesting a source area in Fleur de Lys units. The Fleur de Lys
Supergroup that underlies the area are equivalent rocks to the Dalradian Supergroup in the UK,
where three significant gold deposits are known to occur, including the Curraghinalt and
Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. These gold deposits occur in
moderate- to high-grade metamorphic terrains, like the Fleur de Lys, and involve significant gold
resources. For example, the Curraghinalt deposit has over 6 million ounces of NI 43-101
compliant gold resources, including 6.3 M tonnes at 15 g/t (M+I) and 7.2 M tonnes at 12.24 g/t
(Inferred).”
About the Fleur de Lys Gold Project
The 100%-owned Fleur de Lys Gold Project is located on the Baie Verte Peninsula in north-
central Newfoundland. The area is highly prospective for Dalradian-style (e.g., Curraghinalt)
orogenic vein-hosted gold deposits and as such, represents a readily accessible yet
underexplored, district-scale, gold target in the Newfoundland Appalachians. The property has
seen little modern exploration, with some areas remaining completely unexplored. Historical
grab sample grades of 3.3 g/t Au to 25.5 g/t Au are reported from several separate locations
(Note: historical assays have not been verified by the Company and should not be relied upon).
Reconnaissance till sampling by Sokoman in 2019/2020 in the Fleur de Lys belt defined multiple
gold targets, in 129 C-horizon till samples was sent to Overburden Drilling Management (ODM)
in Ottawa for gold grain analysis. Results gave 38 samples with >20 grains, 14 >40 grains and a
maximum of 122 grains with many with high gold grain counts having a high percentage (30-
80%) of pristine grains, suggesting a local (< 1 km) source for the gold. The 2021 exploration
has continued this early work and has already defined targets for follow-up in 2021 and more
advanced exploration in 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.
Till Sampling QA/QC
The till samples were collected by Sokoman personnel using field collection techniques provided
by ODM. All samples were hand dug to the desired depth (C- Horizon Till) with a 10 kg -12 kg
sieved sample (8 mesh) placed in a clear-plastic sample bag and sealed. Samples were shipped in
plastic pails by bonded courier to the ODM lab in Ottawa, Ontario. The till samples were
processed using procedures designed to progressively concentrate the heavy minerals, expose the
gold grains, and prepare a split of the heavy mineral concentrate (“HMC”), suitable for
geochemical analysis if requested. The sample is wet screened at 2 mm with a preliminary
concentrate extracted from the -2 mm fraction by tabling. Geological observations on the
character of the sample are made during both the screening and tabling operations. The table
concentrate is purposely large (typically 300 g - 400 g) and of low grade (10% - 25% heavy
minerals) to achieve a high, 80% to 90% recovery rate for all desired heavy minerals irrespective
of their grain size or relative specific gravity. The gold grains, more than 95% of which are
normally silt-sized (Averill 2001), are observed at this stage with the aid of micro-panning and
are counted, measured, and classified as to degree of wear (i.e. distance of glacial transport), then
returned to the table concentrate. The pyrite content of the pan concentrate is estimated and the
number of grains of heavier, visually distinctive indicator minerals such as arsenopyrite, galena,
scheelite, cinnabar etc. is recorded.
Quality Control and Quality Assurance Measures
In addition to using field duplicates to monitor the quality of the indicator mineral data obtained
from specific projects, ODM performs blind tests to ensure that the recovery rates for all targeted
minerals are consistently in the 80 to 90% range. Furthermore, both the quality of the mineral
separation and the overall mineralogy of the concentrate are visible at every stage of the
concentration process, minimizing the potential for sample mix-ups, indicator mineral carryover
between samples and other potential contamination issues. For example, gold grains, which are
the most important indicator mineral on many surveys, are more susceptible to inter-sample
carryover than any other indicator mineral due to their very small size, but these grains are
physically observed during the first stage of mineral concentration, tabling, and, if anomalous
concentrations are present, blank samples are tabled and carefully inspected for gold grains
before the next project sample is processed.
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 Gold 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, 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 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 Gold Project through the Junior Exploration Assistance Program.
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.
Contacts
Timothy Froude, P.Geo., President & CEO
709-765-1726
Cathy Hume, Director, Investor Relations
416-868-1079 x 251
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals