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SOKOMAN MINERALS CORP - SICNF STOCK NEWS

Welcome to our dedicated page for SOKOMAN MINERALS news (Ticker: SICNF), a resource for investors and traders seeking the latest updates and insights on SOKOMAN MINERALS stock.

Sokoman Minerals Corp. (SICNF) is a Canadian mineral exploration company focused on gold projects in Newfoundland and Labrador. With flagship projects like Moosehead, Crippleback Lake, and Fleur de Lys, Sokoman aims to discover and develop high-grade gold deposits. The company has strategic alliances with Benton Resources Inc. and recently signed an agreement with Campden Hill Holdings Pty Ltd for the Iron Horse property. Sokoman also entered into a Memorandum of Understanding with Novamera Inc. to explore bulk sample opportunities using advanced technology. Driven by a team of experts, including structural consultant Dr. David Coller, Sokoman is dedicated to advancing its projects and unlocking the full potential of its properties.

News

Sokoman Minerals Updates Moosehead Gold Project, Central Newfoundland

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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.

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Sokoman Minerals Update on Moosehead Gold Project, Central Newfoundland

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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.
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Sokoman Minerals Signs LOI with Campden Hill Holdings Pty Ltd on the Iron Horse Property, Labrador

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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.
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Sokoman Minerals Expands 552 Zone at Moosehead Gold Project, Central Newfoundland

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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.
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Sokoman Minerals Reports Visible Gold in Two of the First Three Holes From 552 Zone Winter Program at the Moosehead Gold Project, Central Newfoundland

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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.
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Sokoman Resumes Diamond Drilling at the Moosehead Gold Project, Central Newfoundland

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Sokoman Minerals Corp. initiates a winter diamond-drilling program to extend the newly discovered 552 Zone, showcasing promising gold grades. The program aims to test a 150-meter strike length to a depth of 125 meters, with visible gold found in recent drill holes. The company anticipates higher-grade sections within the 552 Zone, reflecting positive growth potential.
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Sokoman Minerals Corp. Provides a Corporate Update and Confirms Closing of Flow-through and Hard-Dollar Private Placements

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Sokoman Minerals Corp. (SICNF) has closed both its flow-through and non-flow-through private placement financings, issuing 53,892,847 flow-through units and 3,200,000 non-flow-through units at CAD$0.065 each for aggregate gross proceeds of CAD$3,711,035. The Company will use the gross proceeds to incur eligible 'Canadian exploration expenses' and undertake a proposed 2,500 m winter drilling program on the flagship Moosehead Gold project.
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Sokoman Updates the Moosehead Gold Project, Central Newfoundland 552 Zone to be Focus in 2024

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Sokoman Minerals Corp. provides an update on the ongoing exploration at its flagship Moosehead Gold Project. The drilling results at the recently discovered 552 Zone, located 400 m to the east of the Eastern Trend, are promising, with visible gold and significant mineralization found in the quartz veining. The company plans to continue exploration to test the down-plunge extent of the 552 Zone and any parallel structures, including extensions to the 253 Zone, in Q1 2024.
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Sokoman Minerals Corp. Closes Financing

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Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) announces the filing of documents with the TSX Venture Exchange to close their private placement financing, consisting of 53,892,847 $0.065 flow-through units and 3,200,000 $0.065 non flow-through units for aggregate gross proceeds of $3,711,035. The financing will be used to incur eligible 'Canadian exploration expenses' and to renounce all of the qualifying expenditures in favor of the subscribers of the flow-through units.
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Sokoman Minerals Corp. Increases Flow-through Private Placement, Announces Hard-Dollar Financing

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Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) announces an increase in flow-through private placement financing by CAD$483,525 to total aggregate gross proceeds of CAD$3,483,525. The company also announces a non-flow-through CAD$0.065 unit financing for aggregate gross proceeds of CAD$208,000. All securities issued will be subject to a four-month and one-day hold period. The funds will be used for Canadian exploration expenses on the Fleur de Lys and Moosehead gold projects.
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FAQ

What is the current stock price of SOKOMAN MINERALS (SICNF)?

The current stock price of SOKOMAN MINERALS (SICNF) is $0.041 as of February 4, 2025.

What is the market cap of SOKOMAN MINERALS (SICNF)?

The market cap of SOKOMAN MINERALS (SICNF) is approximately 11.5M.

What are Sokoman Minerals Corp.'s primary projects?

Sokoman's primary projects include Moosehead, Crippleback Lake, and Fleur de Lys, all focused on gold exploration.

What strategic alliances has Sokoman Minerals Corp. formed?

The company has alliances with Benton Resources Inc. and Campden Hill Holdings Pty Ltd for various projects.

What is the recent agreement signed by Sokoman Minerals Corp.?

Sokoman recently signed a Memorandum of Understanding with Novamera Inc. to explore bulk sample opportunities using innovative technology.

Who is Dr. David Coller and what role does he play at Sokoman Minerals Corp.?

Dr. David Coller is a structural consultant assisting Sokoman in updating structural models and planning drilling activities.

What regions are the projects of Sokoman Minerals Corp. located in?

Sokoman's projects are primarily located in Newfoundland and Labrador, known for their mineral potential.

How is Sokoman Minerals Corp. contributing to the mineral exploration sector?

Sokoman is dedicated to discovering and developing high-grade gold deposits through strategic partnerships and advanced technologies.
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SOKOMAN MINERALS CORP

OTC:SICNF

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SICNF Stock Data

11.46M
259.99M
19.64%
Gold
Basic Materials
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United States of America
Toronto