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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ST.JOHN'S, NL / ACCESSWIRE / February 29, 2024 / Sokoman MineralsCorp. (TSXV:SIC)(OTCQB:SICNF) is pleased to report that two of the first three holes of the winter drill program at the 552 Zone have intersected quartz veins with visible gold. All three holes (MH-24-578 to 580), drilled on the same section from the same setup, encountered the 552 structure, with the deepest hole, MH-24-580 cutting a 2.0 m zone that included two 0.30 m to 0.50 m intervals, with up to 30 specks of fine (sub-millimetre) visible gold. All assays are pending.
Timothy Froude, P.Geo., President and CEO states; "We are pleased with the progress on the winter program at the 552 Zone. We will continue the drilling as long as weather and ground conditions allow until spring breakup. The 552 Zone area has seen limited drilling along strike and to depth and it remains open. The relationship between the 552 Zone and 253 Zone, which is located 100 m to the north, is unknown and it will also be tested in the current program which is anticipated to take six to eight weeks to complete."
The three-hole section lies 30 m to the west of MH-23-574 (see news release dated February 14, 2024) that cut 2.10 m of 5.0 g/t Au with 12 specks of sub-millimetre visible gold noted. The winter diamond drilling program is planned for 2,000 m to 2,500 m of HQ drill core focusing on a 150-m strike-length to a depth of 125 m (vertically) of the 552 Zone. Drilling has defined a continuous, roughly northwest trending, two- to five-metre-wide zone of locally vuggy (epizonal), quartz veining/quartz breccia, with
It is thought that the 253 Zone which was drilled assuming an east-west orientation, could be a more northerly, subparallel to parallel zone to 552. Additional drilling to the north undercutting the 552 Zone will test this possibility, as well as extend the 552 Zone to depth.
Drilling is also planned to test the upper portion of the Footwall Splay where gaps exist in the geological model linking the zone to surface. The Footwall Splay has returned some of the highest grades on the property including MH-20-115 (4.60 m grading 47.20 g/t Au from 64.0 m downhole), and MH-21-163 (5.10 m grading 30.83 g/t Au from 45.0 m downhole).
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.
Analytical Techniques / QA/QC
Samples, including duplicates, blanks, and standards, are submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for gold analysis. Eastern Analytical Ltd. is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. All core samples are saw cut by Sokoman personnel with one-half submitted for assay and one-half retained for reference. Samples are delivered in sealed bags directly to the lab by Sokoman personnel. Samples with visible gold are submitted for total pulp metallics and gravimetric finish. All other samples are analyzed by standard fire-assay methods. Total pulp metallic analysis includes the whole sample being crushed to -10 mesh; and then pulverized to
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; the
In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc., a major developer of lithium projects and processing plants in the USA, and exactly the right partner to have to advance the lithium project. The agreement provides for Piedmont to earn up to
The Company also retains a
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 and Fleur de Lys gold projects through the Junior Exploration Assistance Program.
For more information, please contact:
Timothy Froude, P.Geo., President & CEO
T: 709-765-1726
E: tim@sokomanmineralscorp.com
Cathy Hume, VP Corporate Development, Director
T: 416-868-1079 x 251
E: cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
LinkedIn: @SokomanMineralsCorp
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.
SOURCE: Sokoman Iron Corp
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FAQ
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