SOKOMAN MINERALS CORP - SICNF STOCK NEWS

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) has launched a 2,000-meter Phase 1 diamond drilling program at its Fleur de Lys Gold Project in northwestern Newfoundland. The program will consist of 20 holes averaging 100 meters in depth, targeting historical showings and newly identified prospects, including the Golden Bull area discovered in 2023. The drilling aims to test at least five distinct target areas, with approximately 50% of the program focused on Golden Bull.

The Golden Bull Prospect has shown promising results, with 124 grab samples yielding 34 values >500 ppb Au and a maximum of 9.02 g/t Au. The company is targeting Dalradian-type, orogenic gold mineralization similar to the Curraghinalt deposit in Northern Ireland, which hosts over 6 million ounces of gold. Drilling will be conducted by Springdale Forest Resources, with assaying performed by Eastern Analytical

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) has provided an update on its 2024 exploration program at the Fleur de Lys Gold Project in northwestern Newfoundland. The company has collected and analyzed 89 rock samples since May 1, 2024, with 37 samples yielding gold assays over 100 ppb and 12 samples exceeding 1,000 ppb gold. The highest grade sample returned 5.47 g/t Au. The exploration has focused on the Golden Bull Prospect, discovered in late 2023, which is part of a larger anomalous area. Sokoman is preparing for a 2,000 m maiden drill program, expected to begin in mid-August, pending final permits. The company is targeting Dalradian-type orogenic gold mineralization, similar to significant deposits in Northern Ireland.

Sokoman Minerals has completed a second round of surveying at the Footwall Splay of its Moosehead Gold Project in Newfoundland. Partnering with Novamera, the company has expanded the 3D modeling to confirm high-grade gold veins. The next steps involve identifying a site for a 1000 cubic meter bulk sample and conducting a preliminary economic assessment. Concurrently, Sokoman is exploring the Western Trend for bulk sampling, targeting zones near historical high-grade intersections. The ongoing summer drill program focuses on the Eastern Trend and the 552 Zone, with several drilled holes awaiting results. Permits for trenching activities planned for August have been submitted.

Sokoman Minerals, alongside Benton Resources and Piedmont Lithium, has secured $1.322 million in NSERC grants for a three-year research project on the Killick Lithium Property in Newfoundland. The project, initiated on April 1, 2024, aims to understand the geological formation of lithium resources in the region. Led by researchers from St. Francis Xavier University and Memorial University, the study will involve extensive fieldwork and multidisciplinary research. The collaboration includes contributions from Sokoman, Benton, Piedmont, and geoscientists from the Geological Survey of Newfoundland and Labrador. This research aligns with Canada's Critical Minerals Strategy, which prioritizes lithium for economic growth and supply chain development. The project also offers academic training opportunities for students.

Sokoman Minerals has released gold assay results from its winter 2024 drilling at the Moosehead Gold Project in Newfoundland. Significant findings include 10.25 meters at 84.69 g/t Au from the Footwall Splay Zone. The company has signed an MOU with Novamera Inc., to use their proprietary drilling technology for a potential bulk sample. Results from the 552 Zone drilling were mixed, but notable intersections were recorded, such as 2.20 meters at 6.07 g/t Au and 2.75 meters at 5.94 g/t Au. Novamera’s technology aims to provide a high-resolution 3D model of the quartz veins and reduce environmental impact. The permitting process will begin after completing the 3D modeling and extraction plan.

Sokoman Minerals Corp. provides an update on the Moosehead Gold Project in Central Newfoundland. Structural consultant Dr. David Coller is on-site to update the structural model and plan for deeper drilling. The Phase 6 program is concluding, with assay results for 12 holes expected in two to three weeks. Recent drill results at the 552 Zone show high-grade gold mineralization, with visible gold specks. The 552 Zone remains open along strike and to depth. Sokoman is also drilling short holes near the Footwall Splay Zone for potential bulk sampling. Dr. Coller and Sokoman's geological team are evaluating the 552 Zone to understand its significance for future exploration. Dr. Hamish Sandeman of the Geological Survey of Newfoundland is collaborating to study the genesis of gold mineralization in Central Newfoundland.

Sokoman Minerals Corp. (SICNF) signs a Letter of Intent with Campden Hill Holdings Pty to provide an option to purchase the Iron Horse property in Labrador, Canada. The property has significant iron deposits, uranium, and rare earth elements. The agreement includes terms for the option to acquire 100% ownership for CAD$300,000 with potential for a bonus payment of up to CAD$500,000 upon completion of a bankable feasibility study.

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) announces significant gold occurrences in volcanic rocks at the 552 Zone. Visible gold found in 5 of 12 holes drilled, with high-grade results including 8.31 g/t Au over 2.05 m. The 552 Zone remains open in all directions, showing potential for further exploration.

Sokoman MineralsCorp. reports visible gold in winter drill program at 552 Zone. Three holes intersected quartz veins with gold. Drilling to continue for 6-8 weeks. 552 Zone remains open for exploration.