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Sokoman Minerals Corp. V.SIC

Alternate Symbol(s):  SICNF

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland & Labrador, Canada. The company's primary focus is its portfolio of gold projects along the Central Newfoundland Gold Belt, and the district scale Fleur de Lys project in northwestern Newfoundland. The company also recently entered into a Strategic Alliance with Benton Resources Inc. through three, large-scale joint-venture properties in Newfoundland


TSXV:SIC - Post by User

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Post by kazzmanon Aug 07, 2018 9:27am
54 Views
Post# 28420231

TAC just announced MORE land!

TAC just announced MORE land!Tasca Acquires Second Property Proximal to the Moosehead Gold Projects New Gold Discovery Located in Newfoundland, Canada Vancouver, British Columbia (FSCwire) - Tasca Resources Ltd. ("Tasca" or the "Company") (TSX.V: TAC, FSE: 3TA) is pleased to announce that the Company has acquired a second property in the burgeoning Moosehead Gold area of north-central Newfoundland. The 600 hectare property is located 6.2 km due east of Sokomon Iron Corps (Symbol: SIC-TSXV) Moosehead Gold Project where Sokoman recently reported a drill intersection of 44.96 grams per tonne (g/t) gold over 11.9 metres. The 4 km N-S by 1.5 km E-W road accessible property is located 10 kilometres SE of the town of Bishops Falls. The Moosehead and Tasca property lies along a northeast trending 150km belt of Silurian volcanic, volcaniclastic and sedimentary rocks with associated intrusives. Mineralization in the Moosehead area is associated with east-west trending quartz veins associated with a north dipping fault system. The Sokoman intersection consisted of quartz veining at a down hole depth of 109m to 120.9m. Visible gold was noted in the quartz veining. True width is not known but appears to be 50% to 80%. Tasca cautions investors mineralization on the Moosehead property is not necessarily indicative of similar mineralization on its newly acquired claim block. Tasca further cautions investors it has not verified the Sokoman exploration data. President Clive Massey stated: "The addition of this new ground to our property portfolio puts Tasca in an excellent position to be a leader in this emerging area play. We feel Newfoundland is one of the best exploration jurisdictions in Canada and we are eager to become a key player in this developing exploration camp. Our exploration team will be on the ground in the next few weeks to begin evaluation of these key pieces. " Under the terms of the Agreement, Tasca has agreed to purchase a 100% interest in the Moosehead Claim from an Arms-Length Vendor by paying $15,000 and issuing 1,500,000 million shares on approval of the Agreement by the TSX Venture Exchange (the Exchange). Tasca will have an exploration crew on the properties later in August to undertake preliminary prospecting programs to identify targets for follow up. About Tasca Resources Tasca Resources Ltd. (TAC: TSX-V) is a Canadian-based mineral exploration company focused on the acquisition, exploration and development of mineral properties. Our objective is to build shareholder value through exploration and potential development or acquisition of existing projects with significant up-side. For additional information regarding the above noted Property and other corporate information, please visit the Company's website at www.tascaresources.com Qualified Person The scientific and technical information contained in this news release has been reviewed and approved by R. Tim Henneberry, P.Geo. an independent consulting geologist who is a "Qualified Person" as such term is defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43- 101"). ON BEHALF OF THE BOARD OF DIRECTORS Clive Massey Clive H. Massey President & CEO For further information, please contact: Tasca Investor Relations Phone: (604) 644-6794; Email: info@tascaresources.com #830 1100 Melville St. | PO Box 43 | Vancouver | BC | V6E 4A6 Tel: (604) 341-6870 | Fax: (604) 395-7068 Website: www.tascaresources.com
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