Sokoman Reports the Thickest High-Grade Drill Results from the Lower Eastern Trend to Date: Moosehead Gold Project, Central Newfoundland MH-22-463 cuts 39.60 m of 12.50 g/t Au including 10.25 m of 41.97 g/t Au
Sokoman Reports the Thickest High-Grade Drill Results from the Lower Eastern Trend to Date:
Moosehead Gold Project, Central Newfoundland
MH-22-463 cuts 39.60 m of 12.50 g/t Au including 10.25 m of 41.97 g/t Au
St. John’s, NL, Sept 6, 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 , including
a 39.6 m intercept (core length) grading 12.50 g/t Au and a higher-grade interval of 10.25 m grading
41.97 g/t Au from the Lower Eastern Trend.
The mineralization in MH-22-463, located approximately 100 m below the limits of the modeled Eastern
Trend, has a different vein style and geometry from other drill intersections in the vicinity. The intercept is
thicker than any other intercept to date and includes the “typical” very high-grade vuggy-type veining with
abundant visible gold and 5% - 7% accessory boulangerite and sphalerite, as well as a brecciated style of
veining with specks of visible gold with minor boulangerite and sphalerite. This could suggest a changing
structural setting within the Lower Eastern Trend.
The Company has re-engaged Ireland-based structural consultant, Dr. David Coller, to review and update
existing structural models for the Moosehead mineralization to guide future drilling. Dr. Coller was
instrumental in defining the structural concepts used to guide the initial drilling at Moosehead although his
involvement has been limited due to Covid restrictions since 2020. Follow-up drilling will start once the
structural review is completed.
The remaining holes reported today are largely within the main Eastern Trend, where we are expanding the
mineralized shell. Limited drilling on the Western Trend was also carried out with the majority of assays
pending.
Tim Froude, President and CEO of Sokoman, says : “The intersections reported today in hole MH -22-
463 are significant in many respects and not just in average grade. We appear to be in an area where multiple
gold-bearing structures are possibly converging, or we are looking at a new style of veining at Moosehead.
We intend to step back and take a detailed look at the environment around hole MH-22-463 to better plan
drilling moving forward while we still have significant meterage (~ 27,000 m) remaining. Compilation of
the southern property area is going well, and we expect to have a series of holes planned to test our findings
within three to four weeks. Drilling will continue at Moosehead with three drills including the barge-based
rig. Less than 1 ,000 assays remain outstanding at the lab and represent parts or all of approximately 15
holes.”
Figure 1 – Drill Plan – Moosehead Project
The Moosehead Project has five zones of open-ended gold mineralization focused around the Eastern Trend
in the central 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 $7 million in the treasury.
Figure 2 – Drill Section
Table 1: Summary of New 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-22-463 425 283 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-22-460 76 245 67 Western Trend 39.00 41.15 2.15 0.93 2.00 N
MH-22-459 243 283 64 Eastern Trend 176.60 180.75 4.15 1.14 4.72 N
232.50 236.95 4.45 1.00 4.50 N
MH-22-457 427 283 57 Eastern Trend 283.00 284.80 1.80 0.71 1.27 N
MH-22-456 265 283 46 Eastern Trend 182.35 184.95 2.60 0.42 1.10 NEastern Trend
MH-22-454 427 283 50 Eastern Trend 268.00 271.00 3.00 1.17 3.51 N
and 335.00 339.00 4.00 4.66 18.65 Y
MH-22-453 249.5 283 49 Eastern Trend 64.00 68.50 4.50 0.51 2.30 N
and 165.50 167.10 1.60 1.82 2.92 N
MH-22-452 365 283 47 Eastern Trend NSV
MH-22-451 202 283 45 Eastern Trend 189.50 191.60 2.10 0.61 1.28 N
MH-22-450 357 282 44 Eastern Trend 267.50 272.00 4.50 0.92 4.13 N
MH-22-449 202 283 76 Eastern Trend 167.45 168.85 1.40 1.21 1.70 y
MH-22-448 181 283 69 Eastern Trend 53.80 58.30 4.50 0.72 3.25 N
and 161.50 163.00 1.50 3.14 4.71 N
MH-22-446 314 285 45 Eastern Trend 251.20 252.00 0.80 33.60 26.88 Y
MH-22-443 183 283 40 Eastern Trend 170.80 177.00 6.20 0.75 4.63 N
MH-22-442 459.6 283 65 Eastern Trend 251.50 252.50 1.00 4.04 4.04 N
MH-22-441 201 283 70 Eastern Trend 40.80 42.60 1.80 2.17 3.90 N
MH-22-439 370 283 60 Eastern Trend 367.00 370.30 3.30 0.61 2.03 N
MH-22-438 187 283 55 Eastern Trend 35.00 36.70 1.70 0.83 1.41 N
MH-22-437 175 283 50 Eastern Trend 33.00 34.00 1.00 2.65 2.65 Y
MH-22-436 361 283 49 Eastern Trend 313.55 317.65 4.10 1.19 4.89 N
MH-22-434 176 283 40 Eastern Trend 34.45 35.75 1.30 1.94 2.52 N
and 162.80 165.65 2.85 0.51 1.53 N
MH-22-433 391 283 52 Eastern Trend 280.55 285.28 4.73 0.62 2.96 N
MH-22-432 322 283 44 Eastern Trend 266.45 270.00 3.55 0.89 3.17 N
MH-22-431 222 283 64 Eastern Trend 68.10 70.45 2.35 0.81 1.90 N
MH-22-430 395 283 48 Eastern Trend 294.57 298.00 3.43 1.51 5.19 Y
and 389.63 394.57 4.94 0.61 3.03 N
MH-22-429 217 283 59 Eastern Trend 60.70 62.85 2.15 0.50 1.08 N
MH-22-428 349 283 44 Eastern Trend 301.20 307.10 5.90 3.17 18.71 Y
MH-22-427 325 283 40 Eastern Trend 309.65 312.65 3.00 0.86 2.59 N
MH-22-426 177 282.2 48 Eastern Trend 39.70 40.42 0.72 1.41 1.01 N
and 54.00 58.00 4.00 0.71 2.84 N
MH-22-425 395 283 53 Eastern Trend 319.60 321.95 2.35 2.17 5.09 Y
MH-22-424 226 283 58 Eastern Trend 169.70 174.80 5.10 0.69 3.45 Y
MH-22-423 398 283 64 Eastern Trend 237.00 242.00 5.00 0.93 4.65 N
* True Core lengths - believed to be 90% of reported lengths.
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.
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
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 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 i s 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 indus try-
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 Newfoundland, that is targeting Dalradi an-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 past financial
support of the Moosehead Project through the Junior Exploration Assistance Program.
For further information, please contact:
Sokoman Minerals
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: [email protected]
CHF Capital Markets
Thomas Do, IR Manager
Phone: 416-868-1079 x 232
Email: [email protected]
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
LinkedIn: @SokomanMinerals
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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 his torical 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.