SOKOMAN MINERALS CORP - SICNF STOCK NEWS

Sokoman Minerals reported promising results from the Phase 1 C Horizon Till survey at the Fleur de Lys Gold Project, revealing a district-scale gold anomaly. Of the 880 processed till samples, 190 were deemed anomalous, indicating potential gold sources. Rock samples showed significant gold values, with a high of 4.60 g/t Au. The project's prospective area spans approximately 30 km. The exploration aims to identify significant Dalradian-type orogenic gold deposits, similar to well-known deposits in the UK.

Sokoman Minerals Corp. has successfully closed a non-brokered private placement to raise $5 million, primarily through strategic investor Eric Sprott. The allocation includes 12.5 million flow-through units, priced at an exercise rate of $0.45 for 24 months. Funds will be used for further exploration projects, with all securities under a hold period until July 22, 2022. Following this placement, Sprott owns approximately 28.2% of the company’s shares, increasing his stake significantly. CEO Tim Froude expresses gratitude towards investors, indicating a promising year ahead.

Sokoman Minerals Corp. and Benton Resources have announced positive results from their inaugural drill program at Grey River, Newfoundland, revealing multiple gold intersections over a 5.0 km strike length. Key highlights include a high-grade interval of 10.58 g/t Au over 1.80 m from drill hole GR-21-01. The program confirms extensive gold mineralization across all holes tested, suggesting significant potential for further exploration. Plans for an expanded drilling program of 25 to 30 holes are underway, indicating a commitment to explore the sizable silica system at the site.

Sokoman Minerals Corp. announced a non-brokered private placement of flow-through units, aiming to raise up to $5,000,000, with $4,000,000 allocated to investor Eric Sprott. The placement will issue up to 12,500,000 units at a price of $0.40 each, including common shares and warrants exercisable at $0.45 for 24 months. Proceeds will fund exploration projects and must adhere to Canadian tax regulations. The offering is subject to TSX Venture Exchange approval.

Sokoman Minerals Corp. (TSXV: SIC, OTCQB: SICNF) announced high-grade gold assays from the Moosehead Project, highlighting drill results such as MH-21-342 with 5.55 m of 56.58 g/t Au, including 3.10 m of 100 g/t Au. Additional drilling confirmed a strong high-grade zone open to surface and depth, with ongoing exploration efforts to connect mineralized zones. The Moosehead project continues to show potential for substantial mineralization, with plans for extensive drilling in winter. Assays are pending for other drilled areas, indicating further exploration success.

Sokoman Minerals Corp. (OTCQB:SICNF) and Benton Resources Inc. announced the discovery of new lithium-bearing dykes near the Kraken Pegmatite in Newfoundland. Out of 50 grab samples, 17 showed significant spodumene values ranging from 0.23% to over 2.15% Li₂O. The companies plan a diamond drilling program and a regional till survey to target further exploration. This revelation follows geological parallels to major lithium deposits like those of Piedmont Lithium Inc.

Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF), based in Newfoundland and Labrador, announced that President & CEO Tim Froude will present live at VirtualInvestorConferences.com on December 9, 2021, at 2:30 PM EST. This event allows real-time investor interaction, with an archived version available later. Recent highlights include a successful drilling program at the Moosehead Gold project, showcasing high-grade gold results, and a strategic alliance with Benton Resources, leading to significant gold and lithium discoveries in Newfoundland.

Sokoman Minerals Corp. (TSXV: SIC) has doubled its Phase 6 drill program to 100,000 meters at the Moosehead Project in Newfoundland. Initial drill results from North Pond show promising gold intersections, including 4.95 m of 27.70 g/t Au and 4.20 m of 14.72 g/t Au. The drilling, highlighting high-grade gold-bearing veins, suggests significant growth potential in mineralized corridors. CEO Tim Froude expressed satisfaction with the progress, emphasizing continued drilling until winter conditions set in. The company controls over 150,000 hectares across key projects in Newfoundland.

Sokoman Minerals Corp. and Benton Resources Inc. report significant findings from the Kraken pegmatite field at the Golden Hope Joint Venture Project in Newfoundland. Grab samples yield lithium values up to 1.93% Li₂O, with 11 samples above 0.5% and six exceeding 1%. The dyke swarm now extends over 2200 metres, indicating substantial mineralization potential. A recent LiDAR survey has been completed over 8.4 km² to enhance exploration efforts. The companies express optimism about transitioning to a Phase 1 drilling program to further develop this discovery.