worth a reread
Sokoman drills 8.1 m of 68.7 g/t AU at Moosehead
2020-11-19 09:32 ET - News Release
Mr. Timothy Froude reports
SOKOMAN MINERALS CUTS TWO HIGH-GRADE INTERVALS AT EASTERN TREND, MOOSEHEAD PROJECT, CENTRAL NEWFOUNDLAND: 4.6 M AT 47.2 G/T AU AND 8.1 M AT 68.7 G/T AU
Sokoman Minerals Corp.'s continuing drilling at the Moosehead project has returned high-grade gold in a near-surface, newly recognized splay off of the main eastern trend. Drill holes MH-20-115 and MH-20-116 were collared to the south of discovery hole MH-18-01, as part of the company's 10,000-metre phase six program.
Rush assay results (metallics) from MH-20-115 returned two intersections as follows:
- Upper interval of 47.20 grams per tonne gold over 4.60 metres from 64 metres downhole.
- Lower interval of 68.70 grams per tonne gold over 8.10 metres from 111.20 metres downhole.
Rush assays for MH-20-116, located 10 metres further south of MH-20-115, also intersected two zones, including an upper interval of 11.85 g/t Au over 1.80 metres from 54.50 metres downhole, and a lower interval of 2.94 g/t Au over 4.30 metres, including 7.57 g/t Au over 1.25 metres, from 183.80 metres downhole.
Tim Froude, president and chief executive officer of Sokoman, says: "The drill results continue to demonstrate the high-grade nature of the gold mineralization at the Moosehead project. They also reinforce the importance of tighter drill hole spacing in these Fosterville-style gold systems which provide key insights into high-grade gold variability and orientation. The phase six program is continuing with one drill due to limited equipment availability given the high level of exploration in the province. As a result, we will be testing high-priority targets defined by till and magnetic surveys while we wait for all the pending assay results. We expect the drilling to continue into 2021, since several targets require winter conditions to allow access and we are also applying for permits for ice-based drilling in the winter."
The upper intervals in MH-20-115 and 116 are interpreted to occur in a footwall splay off of the upper levels of the main eastern trend and correlate with an intercept in MH-18-01 (located 10 metres to the north) that assayed 7.11 g/t Au over 1.25 metres. MH-18-01 also included a higher-grade subinterval of a visible gold-bearing quartz vein that assayed 35.04 g/t Au over 0.25 metre. The splay is modelled as a northwesterly trending structure with a shallow 30-degree dip to the north. The location of the splay merger with the north-trending eastern trend could influence and focus high-grade gold in this area. The splay is open to the south and west, and due to its orientation was not targeted in earlier drilling campaigns. Further modelling of these intercepts will take place before additional drilling is proposed for this highly prospective area. Similar high-grade splays are associated with the high-grade Swan zone at the Fosterville gold mine in Australia.
The lower intersections in MH-20-115 and 116 extend the eastern trend main zone at least 20 metres to the south (remains open), which includes the MH-18-01 intercept of 11.90 metres grading 44.96 g/t Au, among others. The mineralization in MH-20-115 and 116 is consistent with earlier intersections in the eastern trend and characterized by moderate-to-strong stylolitic quartz veining similar to the Fosterville deposit in Australia. The strong association with antimony sulphides, mainly boulangerite, represents an additional similarity to Fosterville.
Phase six drilling program
A total of 4,009 metres in 15 holes has been completed, testing target areas including three holes in the western trend (MH-20-111, 113 and 114) and 12 holes in the eastern trend. Drilling in the western trend focused on testing deeper portions of the zone, and all three holes intersected structures with variable quartz veining with disseminated pyrite and arsenopyrite. To date, only MH-20-114 has been sampled and assays are pending; the other two holes, MH-20-111 and 113, are in various stages of logging and sampling.
Drilling on the eastern trend has involved a combination of deeper, 50-metre- to 100-metre-spaced holes testing below the 200-metre vertical level at the north end with shallow targets in the southern portion, where only a single shallow hole (MH-20-122) has tested the zone. This drilling also includes the lower intersections in MH-20-115 and 116.
Mineralized shears and faults were encountered in all holes as expected, with detailed logging and sampling under way. Holes MH-20-112 and 120 intersected structures with quartz/sulphide veins with specks of visible gold in veins 30-centimetres to 50-centimetres wide in the main eastern trend shear zone. Numerous wide intervals (10 metres to 30 metres) of shearing with variable amounts of quartz veining with locally 1-per-cent to 3-per-cent pyrite and arsenopyrite were encountered in the deeper testing of the eastern trend, specifically holes MH-20-99 and 100. While not returning high grades, the holes did hit some of the thickest intersections of mineralized and altered rocks to date and suggest the zone continues to depth and will receive deeper testing later in the program. Several holes remain to be logged and sampled with assays pending for multiple holes. Select intervals from holes with visible gold noted are being prioritized for rush analysis.
About Moosehead gold project
The 100-per-cent-owned Moosehead gold project is located along the Trans-Canada Highway in North-central Newfoundland, on the same structural trend as the advanced Valentine Lake project (Marathon Gold), and adjacent to New Found Gold's Queensway project. Both the Moosehead and Queensway projects are targeting high-grade, turbidite-hosted, Fosterville-type gold mineralization.
The mineralization has been defined over a 500-metre strike length and a 200-metre vertical height and remains open, with high-grade drill results including 5.10 metres of 124.20 g/t Au (as in MH-18-39).
QP
This news release has been reviewed and approved by Timothy Froude, PGeo, a qualified person under National Instrument 43-101 and president and chief executive officer of Sokoman Minerals.
COVID-19 protocols
To ensure a working environment that protects the health and safety of the staff and contractors, Sokoman is operating under federally and provincially mandated and recommended guidelines during the current COVID-19 alert level