Deepest Intersection of Visible Gold to date suggests a New High-Grade Zone in the Lower Eastern Trend
ST.JOHN'S, NL / ACCESSWIRE / July 7, 2022 / Sokoman Minerals Corp. (TSXV:SIC) (OTCQB:SICNF) is pleased to report additional high-grade assays from the Moosehead Gold Project and the recognition of a potential new gold zone adjacent to the lower portion of the main Eastern Trend. Drill hole MH-22-418 has intersected the deepest drill intersection with visible gold on the property to date, below the mineralization in the Eastern Trend. In addition, hole MH-22-422, drilled from the barge as an undercut of the northernmost hole drilled, either from the ice or barge on North Pond, intersected high-grade gold values.
Assay highlights include:
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MH-22-422 - 7.00 m of 8.03 g/t Au from 165.00 m downhole (Eastern Trend) incl. 2.75 m of 19.47 g/t Au and 1.62 m of 31.95 g/t Au
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MH-22-418 - 5.92 m of 4.14 Au from 388.84 m downhole (Lower Eastern Trend) incl. 1.31 m of 15.60 g/t Au
(Drill intersections are thought to represent 90% of true widths)
Sokoman Iron Corp., Thursday, July 7, 2022, Press release picture
Figure 1 - Drill Intersections - Moosehead Project
Sokoman Iron Corp., Thursday, July 7, 2022, Press release picture
Figure 2 - Drill Plan Map - Moosehead Project
Tim Froude, President and CEO of Sokoman, says: "The intersections reported today in hole MH-22-418 are not only the deepest with visible gold, but include mineralization with visible gold located 36 m deeper than the lower Eastern Trend. This suggests a new zone, possibly similar to the Footwall Splay, is developed in the footwall to the main Eastern Trend (see attached section). The hole gave multiple gold mineralized areas where the Eastern zone was expected, with the deeper / higher-grade zone a pleasant surprise. Additional drilling is required to determine the orientation of the new zone and we continue to drill the remaining approximately 40,000 metres in expanding the mineralized envelope at Moosehead. We also plan drilling later this summer in the Western Trend where we have modelled areas with potential to host near-surface, high-grade mineralization that could expand the Western Trend and a series of drill holes in the southern portion of the property testing the Valentine Lake structure along strike from our known zones. Drilling continues with two land-based and one barge-based rig."
The Moosehead Project has five zones of open-ended gold mineralization focused around the Eastern Trend in the central portion of the property with mineralization defined over a 600-m strike length and to over 300 m down dip. The Company is well funded with more than $8 million in the treasury.
Table 1: Summary of New Drill Results - Moosehead Project
Sokoman Iron Corp., Thursday, July 7, 2022, Press release picture
NSV = No significant values
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.