Sokoman Provides Drilling Update - Moosehead Gold Project, Central Newfoundland
- Diamond drilling intersects gold mineralization in the 463 Zone
- Best intersections from drill holes MH-23-536 and 542 have grades of 12.50 g/t Au and 41.97 g/t Au respectively
- None.
ST JOHNS, NL / ACCESSWIRE / September 14, 2023 / Sokoman MineralsCorp. (TSXV:SIC)(OTCQB:SICNF) ("Sokoman" or the "Company") is pleased to provide the following update on the ongoing drilling program at the
Tim Froude, President and CEO of Sokoman, says: "Drilling will continue at Moosehead with two rigs, focused mainly on testing the Alpha IP targets outlined last winter. We have also begun trenching near-surface IP anomalies and soil geochemical anomalies. We are also defining a deeper target, below 500 metres, using our understanding of the structural geology of the main Eastern Trend from consultant, Dr. David Coller. We expect to be drilling until the Christmas break."
The table below gives the drill results for the 463, South Pond, and 75 Zones and also several reconnaissance holes.
*80
Drill Plan Map
Drill holes MH-23-536 and 542 were drilled to follow up a 1.4 m intersection of visible gold-bearing quartz veins that gave 12.41 g/t Au from 409.75 m downhole (see the April 13, 2023 news release) an 80 m step-out, 56 m down plunge, from MH-22-463 in the 463 Zone. Results indicate that the zone remains open down-plunge. Other holes testing the 463 Zone area returned only anomalous results.
The South Pond drilling focused on the down-plunge extension of drill holes MH-20-123 - 5.00 m @ 26.87 g/t Au and MH-20-141 - 4.20 m @ 64.00 g/t Au (see the July 20, 2021 news release). Multiple zones of lower-grade gold mineralization were intersected suggesting the zone remains open to depth.
The 75 Zone was tested with three holes with only one hole (MH-23-529) giving significant mineralization. Additional drilling is planned to try to extend the high-grade mineralization intersected in MH-21-263 that gave 4.80 m @ 12.86 g/t Au.
Reconnaissance holes include MH-23-538, 539, 541, 543, and 544 drilled near the Bowtie area to the north of North Pond, with MH-23-545 drilled near the northeastern property boundary testing a mag high. Only one hole, MH-23-539, returned anomalous gold values.
The Company has started testing IP targets defined by the winter Alpha IP survey that defined several first- and second-priority targets below and to the west of the Western Trend as well as targets in the 253 Zone, 200 m to the east of the main Eastern Trend. Results of the first two holes MH-23-547 and 549, testing the Western Trend area, are pending.
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, 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 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
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
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 Thunder Gold Corp (formerly White Metal Resources Inc.), and in Labrador, the Company has 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 Project 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 Minerals Corp.
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