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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 and Labrador, Canada. Its projects include Moosehead Gold, Fleur de Lys, Grey River Gold, Kepenkeck Gold, Killick Lithium, Crippleback Lake Gold, Startrek and Iron Horse. Moosehead Gold property includes 98 claims totaling 2,450 hectares adjacent to the Trans-Canada Highway in central Newfoundland. Fleur de Lys project of 1,891 claims on the Baie Verte Peninsula of NW. Grey River property in southern Newfoundland includes 324 claims in seven licenses, centered on the community of Grey River. Kepenkeck gold project, located in central Newfoundland. Killick Lithium Project is in southwestern Newfoundland. Crippleback Lake Gold Project is in proximity to the Trans-Canada Highway in north-central Newfoundland. Startrek Property is located 20 kilometers (km) east of the town of Gander, Newfoundland and Labrador, Canada. Iron Horse project is located over 120 km northeast of Labrador City, Labrador.


TSXV:SIC - Post by User

Comment by geomineron Apr 29, 2023 10:02pm
79 Views
Post# 35421289

RE:Greetings

RE:Greetings Having looked at all the recent followup drilling of the 463 zone hole from the west i have to wonder why sokoman would continued to drill deep holes that are over 500 meters drilled length and more than 400 meters true vertical depth to chase the 463 zone.  the costs to drill these holes of that length are not cheap. it appears they knew they were chasing a relatively flat splay or ladder zone . i would rather have seen them drill more holes rom the east and target the main eastern zone.if you lengthen a few holes and hit more  new zones that would be great. the fact that they hit a new zone deeper is encouraging and i suspect more are to found. the quality in terms of thickness  is always a question.. i suspect they think this zone is tied to a deeper steeply dipping zone to the west which is why they commented that the eastern zone may not be the main gold bearing conduit. the main fault to the west could certainly emplace more gold bearing veins, the one positive on the 463 zone is that there are gold bearing veins deeper.  in my opinion why not drill your best targets that are at 300  meters true vertical depth or less and extend your shallow reserves. that is what we need to get enough reserves for a mine. i think the market has over reacted to the recent news. forget the money  hopefully when they get back drilling they will have some better relatively shallow targets to drill. let's hope when the drilling resumes that they have some good targets, i am not discouraged byn the apparent lack of success on the 463 zone. i look at it as a one off other than the time and money spent to chase it.
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