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Bullboard - Stock Discussion Forum 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

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Sokoman Minerals Corp. > Moosehead Drill Results
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Moosehead Drill Results

geezer21 (1173) | June 09, 2022 10:42 pm

Reposting this to keep it up front so people can see that what we have here is a significant world class high grade gold deposit.

Moosehead drill result going back to the begining of the project are listed in an updated table below.  There are 265 intercepts. High grades within intercepts are not included so there is no double counting. Some drill cores have more than one intercept at different levels. For drill cores with more than one intercept, the intercepts are listed in order from shallow to deeper zones.

The table does not list which drill cores had visible gold.  Just know that the vast majority of cores had visible gold.

The table does not list intercept depth.  Just know that all the intecepts are at shallow depth.

Intercepts in Excess of 100 g/t per Meter

Quinton Hennigh listed considerations to assessing a junior miner in a "Resource Talk" interview on Youtube.

https://www.youtube.com/watch?v=TrDdWWcl1CA

Jurisdiction, weather, location, managment and technical staff skill, marketing fluff, project quality, drill results, mettallurgy, evnironmental issues, and community support are considerations when assessing a junior resource company, Hennigh says. 

Sokoman scores high on all those points.  Read Sokoman's website:  https://sokomanmineralscorp.com/

Intercept in excess of 100 gram/ton meters are very very good results, Hennigh says. 

Sokoman has those. Sokoman has 26 (2 are just under but close enough to include) (there is one more showing on a map but I have not been able to locate the hole number)  intercepts in excess of 100 gram/ton meters (highlighted in yellow in the table below).  Extracted from the table here they are:


MH hole #         meter         g//t        g/t x m
01-23 1.53 170.31 260.57
02-38 16.84 14.07 236.94
03-15 2.40 53.54 128.50
03-15 0.45 278.00 125.10
16-62 7.20 22.35 160.92
18-01 11.90 44.96 535.02
18-08 1.05 207.50 217.88
18-08 0.15 1435.58 215.34
18-17 2.30 79.23 182.23
18-17 24.90 33.56 835.64
18-39 9.05 70.29 636.12
19-62 7.20 22.35 160.92
19-81 6.40 17.34 110.98
20-97 6.31 19.42 122.54
20-115 4.60 47.20 217.12
20-115 8.10 68.25 552.83
20-123 5.00 26.88 134.40
20-132 4.00 24.92 99.68
21-141 4.20 64.00 268.80
21-163 11.60 21.07 244.41
21-164 20.95 5.15 107.89
21-276 2.20 75.82 166.80
21-291 4.95 27.70 137.12
21-342 5.50 56.58 311.19
21-345 4.75 20.75 98.56
22-366 1.40 133.94 187.52

Sokoman is hitting high grades with visible gold at shallow depths.  That makes Sokoman's deposit all the more valuable.  In addition, there is infrastructure and labour close at hand, good terrain, and a supportative jurisdiction and community. 

Sokoman drill holes todate taken together:

In total, Sokoman has drilled 265 intercepts totalling 1,020.17 meters of 4,432.98 gram/tons for an average of 3.84 meter of 16.72 g/t per intercept.

Moosehead deposit mineralization is comparible to Agnico Egales Fosterville Mine in Australia. Fosterville is one of the highest grade gold deposits in the world.

Sokoman's grades are on a par with Fosterville.

Fosterville has 5.6 million ounces proven and probable gold at an average of 10.33 g/t on page 36 of Agnico Egale's May 2022 presentation.  Fosterville's high grade is over 1000 meters underground. 

https://s21.q4cdn.com/374334112/files/doc_presentations/2022/AEM-Corporate-Update_May-2022.pdf

Near by Newfound Gold is hitting phenominal grades also similar to Fosterville mineralization.  They are on a parrallel fault structure, the Appleton  Fault, to the Valentine Lake fault that Sokoman is on. These faults run south-west to north-east across Newfoundland.  These faults in the crustal layer of the earth are the result of techonic collisions.  The mineralization of Newfound Gold's cores are being compared to Fosterville also.

They are drilling into epithermal orogenic structures that are comparable to Fosterville Swan deposit.  Google the term for more detail.

Newfound Gold's and Sokoman's website have a very good discription of the geology.  Also you can see comparisons of Sokoman's core to Fosterville core on Sokoman's website.


Sokoman Drill Results

MH # metre grams gm/ton x metres
       
01-07 0.34 13.50 4.59
01-13 4.59 11.05 50.72
01-23 1.53 170.31 260.57
01-34 3.88 3.23 12.53
      0.00
02-06 5.93 1.70 10.08
02-34 5.00 4.16 20.80
02-38 16.84 14.07 236.94
      0.00
03-15 2.40 53.54 128.50
03-15 0.45 278.00 125.10
      0.00
16-62 7.20 22.35 160.92
      0.00
18-01 1.25 7.11 8.89
18-01 0.40 6.19 2.48
18-01 11.90 44.96 535.02
18-01  8.95 4.20 37.59
18-02 6.85 0.50 3.43
18-02 4.45 0.50 2.23
18-02 3.30 6.76 22.31
18-03 6.42 8.18 52.52
18-03 2.45 1.06 2.60
18-04 0.75 1.45 1.09
18-04 3.40 2.60 8.84
18-04 0.65 1.30 0.85
18.04 1.20 1.63 1.96
18.05 1.15 3.13 3.60
18.06 2.25 6.19 13.93
18.06 5.85 2.79 16.32
18-08 1.05 207.50 217.88
18-08 0.15 1435.58 215.34
18-08 2.28 42.36 96.58
18-09 1.35 0.67 0.90
18-11 1.60 4.17 6.67
18-12 1.50 0.86 1.29
18-12 2.35 2.92 6.86
18-13 0.95 1.27 1.21
18-13 1.45 8.94 12.96
18-14 3.10 0.65 2.02
18-16 2.25 1.05 2.36
18-16 4.00 1.34 5.36
18-17 2.30 79.23 182.23
18-17 2.25 3.61 8.12
18-17 24.90 33.56 835.64
18-18 4.70 0.60 2.82
18-19 0.65 2.39 1.55
18-19 0.75 1.03 0.77
18-19 1.35 0.85 1.15
18-20 6.15 3.81 23.43
18-21 2.65 2.81 7.45
18-34 12.40 2.76 34.22
18-37 3.70 0.92 3.40
18-39 9.05 70.29 636.12
18-40 14.70 0.98 14.41
18.57 4.00 2.20 8.80
      0.00
19-46 0.30 2.84 0.85
19.48 0.60 0.59 0.35
19-50 7.60 0.43 3.27
19-52 3.50 11.95 41.83
19-53 1.90 2.69 5.11
19-54 0.50 1.56 0.78
19.55 1.40 6.81 9.53
19-56 1.80 9.08 16.34
19-58 6.95 0.70 4.87
19-59 1.70 1.92 3.26
19-59 6.00 0.84 5.04
19-59 1.00 1.41 1.41
19-60 16.70 0.43 7.18
19-61 4.20 4.13 17.35
19-62 3.00 1.51 4.53
19-62 7.20 22.35 160.92
19-63 4.10 9.94 40.75
19-63 0.60 1.81 1.09
19-68 11.80 6.61 78.00
19-69A 1.45 18.10 26.25
19-69A 7.95 1.00 7.95
19-70 4.00 2.20 8.80
19-75 5.80 6.93 40.19
19-78 3.80 0.68 2.58
19-79 18.50 0.55 10.18
19-80 4.40 2.02 8.89
19-81 6.40 17.34 110.98
19-95 1.00 21.15 21.15
      0.00
20-82 9.50 5.70 54.15
20-83 2.65 0.55 1.46
20-85A 1.45 1.99 2.89
20-86 3.80 0.48 1.82
20-86 5.20 16.85 87.62
20-87 6.00 0.60 3.60
20-88 1.10 2.20 2.42
20-89 1.50 0.61 0.92
20-89 1.80 1.50 2.70
20-90 5.80 1.37 7.95
20-92 1.50 2.03 3.05
20-92 3.00 7.85 23.55
20-93 1.40 0.37 0.52
20-93 3.10 2.69 8.34
20-94 9.84 1.20 11.81
20-95 3.05 7.08 21.59
20.96 0.70 0.56 0.39
20-97 6.31 19.42 122.54
20-98 5.65 4.16 23.50
20-100 4.15 0.30 1.25
20-100 20.60 0.28 5.77
20-110 1.20 1.46 1.75
20-110 1.10 0.86 0.95
20-110 7.10 0.25 1.78
20-111 3.70 0.61 2.26
20-112 3.30 2.27 7.49
20-112 0.75 7.24 5.43
20-114 1.10 0.43 0.47
20-115 4.60 47.20 217.12
20-115 8.10 68.25 552.83
20-116 1.80 11.85 21.33
20-116 5.40 2.76 14.90
20-117 1.70 1.09 1.85
20-117 0.50 1.87 0.94
20-117 4.90 0.20 0.98
20-117 4.90 0.21 1.03
20-118 1.80 0.43 0.77
20-119 3.85 0.35 1.35
20-120 2.90 8.61 24.97
20-121 2.80 1.23 3.44
20-122 1.80 1.80 3.24
20-122 0.50 3.79 1.90
20-123 5.00 26.88 134.40
20-124 1.20 0.94 1.13
20-125 0.80 1.06 0.85
20-127 1.30 9.23 12.00
20-132 4.00 24.92 99.68
20-132 22.10 1.65 36.47
      0.00
21-140 6.70 3.24 21.71
21-141 4.20 64.00 268.80
21-147 3.05 16.54 50.45
21-150 2.65 1.85 4.90
21-152 3.00 1.82 5.46
21-152 2.90 0.83 2.41
21-153 3.00 1.61 4.83
21-153 3.70 0.72 2.66
21-157 3.50 12.39 43.37
21-159 1.60 16.98 27.17
21-160 4.10 1.52 6.23
21-160 1.50 6.63 9.95
21-161 1.50 6.18 9.27
21-163 11.60 21.07 244.41
21-163 1.40 60.94 85.32
21-164 20.95 5.15 107.89
21-165 2.10 41.39 86.92
21-166 5.10 15.51 79.10
21-167 1.20 2.94 3.53
21-167 2.00 1.82 3.64
21-170 2.00 1.32 2.64
21-170 3.70 0.95 3.52
21-178 1.10 4.72 5.19
21-179 3.10 8.60 26.66
21-184 1.70 2.73 4.64
21-190 2.55 22.45 57.25
21-191 3.60 21.86 78.70
21-192 2.20 4.35 9.57
21-193 6.00 6.47 38.82
21-198 3.70 9.16 33.89
21-200 2.40 0.75 1.80
21-200 5.20 7.68 39.94
21-203 2.85 13.67 38.96
21-205 4.25 2.88 12.24
21-206 3.30 0.75 2.48
21-206 3.80 0.98 3.72
21-208 4.00 3.53 14.12
21-209 4.45 2.94 13.08
21-210 4.90 7.20 35.28
21-211 7.10 1.14 8.09
21-212 9.24 6.07 56.09
21-213 2.40 9.42 22.61
21-214 3.25 7.79 25.32
21-215 2.35 20.39 47.92
21-215 2.70 2.01 5.43
21-220 2.00 1.54 3.08
21-227 3.10 6.43 19.93
21-229 5.10 7.64 38.96
21-231 3.05 1.81 5.52
21-233 4.40 5.47 24.07
21-234 4.80 17.56 84.29
21-235 3.07 3.59 11.02
21-241 2.95 6.46 19.06
21-243 9.20 6.70 61.64
21-244 4.10 2.08 8.53
21-251 3.65 2.47 9.02
21-251 1.40 4.99 6.99
21-253 7.50 0.31 2.33
21-253 1.40 1.78 2.49
21-259 3.22 16.70 53.77
21-263 4.80 12.85 61.68
21-276 2.20 75.82 166.80
21-279 2.90 2.28 6.61
21-283 9.80 6.65 65.17
21-287 4.60 1.21 5.57
21-289 1.55 5.23 8.11
21-289 2.80 11.69 32.73
21-290 3.75 2.07 7.76
21-290 2.70 20.47 55.27
21-291 4.95 27.70 137.12
21-291 1.00 54.63 54.63
21-294 2.60 8.59 22.33
21-298 8.40 3.35 28.14
21-302 1.95 8.42 16.42
21-309 2.18 5.11 11.14
21-313 2.80 1.80 5.04
21-315 2.10 2.95 6.20
21-315 3.45 1.36 4.69
21-317 2.30 30.29 69.67
21-318 3.00 7.62 22.86
21-320 1.30 5.51 7.16
21-320 1.15 2.00 2.30
21-323 4.05 14.55 58.93
21-324 1.80 1.70 3.06
21-324 3.60 2.32 8.35
21-325 5.77 1.23 7.10
21-326 1.60 1.40 2.24
21-326 1.50 1.16 1.74
21-327 1.11 1.26 1.40
21-327 2.30 1.01 2.32
21-328 1.50 5.50 8.25
21-330 3.00 2.04 6.12
21-331 9.70 1.03 9.99
21-332 1.35 13.70 18.50
21-335 3.10 15.80 48.98
21-336 5.70 1.07 6.10
21-338 5.80 7.05 40.89
21-340 1.40 13.00 18.20
21-341 2.80 7.92 22.18
21-341 1.50 1.60 2.40
21-341 2.40 1.71 4.10
21-342 5.50 56.58 311.19
21-243 4.25 2.22 9.44
21-344 5.25 1.93 10.13
21-345 4.75 20.75 98.56
21-346 9.60 7.33 70.37
      0.00
22-350 2.20 1.77 3.89
22-350 3.45 0.71 2.45
22-353 4.80 2.31 11.09
22-355 2.90 3.62 10.50
22-355 4.65 2.20 10.23
22-357 1.31 18.32 24.00
22-357 1.38 1.84 2.54
22-358 1.77 2.85 5.04
22-359 1.00 95.03 95.03
22-361 3.85 3.69 14.21
22-362 1.72 1.66 2.86
22-366 1.40 133.94 187.52
22-367 2.45 1.00 2.45
22-368 2.50 1.28 3.20
22-368 0.55 1.88 1.03
22-368 0.55 1.88 1.03
22-369 1.40 9.27 12.98
22-373 6.25 3.09 19.31
22-373 1.60 10.40 16.64
22-374 3.85 4.51 17.36
22-375 1.62 0.61 0.99
22-376 2.95 22.30 65.79
22-379 5.00 0.73 3.65
22-380 2.16 1.06 2.29
22-385 4.29 14.56 62.46
22-392 2.35 25.58 60.11
22-394 2.67 1.35 3.60
       
  1020.17 4432.98 10449.29


RE:Moosehead Drill Results

Goldjknf (160) | June 10, 2022 07:15 am

Moosehead has provided us with amazing assays, our shareprice is so grossly undervalued it's ridiculous.   Without mentioning company names maybe investors in some of our neighbouring properties that have had a market cap much higher than ours with dismal recent results will finally wake up and move into SIC?  

SIC has a lot of irons in the fire, with news expected any time, on many projects.

SIC is a no brainer.

GLTA  JK

RE:RE:Moosehead Drill Results

AlwaysLong683 (744) | June 10, 2022 04:33 pm

Goldjknf wrote: Moosehead has provided us with amazing assays, our shareprice is so grossly undervalued it's ridiculous.   Without mentioning company names maybe investors in some of our neighbouring properties that have had a market cap much higher than ours with dismal recent results will finally wake up and move into SIC? 


Current Market Caps:

SIC        65M

LAB       65M

NFLD    24M

ROX     15M

KNC       8M

(source: TMX Money)

Which ones have market caps "much higher" than SIC's?
(past market caps are irrelevant - it's what these companies are valued at today that counts)

If you are referring to NFG, I believe, given that they have to date scored assay results in no less than three zones (Keats, Lotto, Golden Joint) that are far superior to any current exploration claims package I know of thoughout the world combined with their massive Queensway land package containing an enormous portion of the Appleton Fault, it is the one that is currently the most undervalued at a market cap of 1.18B.

RE:RE:RE:Moosehead Drill Results

geezer21 (1173) | June 10, 2022 10:53 pm

There are a number of values.  There is the value stockmarket investors put on a company.  There is book value and there is value willing to be paid of the assets at sale.

Stock market investors may under or over value companies.  

The market cap is the value that shareholders put on a company. It can over or under value a company.

The market values Sokoman at 4.14 x book, LAB at 1.52 x book, and NFG at 11.95 x book.

A buyer at sale will pay for what the gold in the ground is worth and that will not be known until a 43-101 compliant assessement is completed.  At this point all one can do is estimate how many millon ounces are contained based on known drill results to-date. There are several ways to do that one is to do comparative to other known deposits or to do estimates of the volume and grades of the deposit.   But they are just estimates. 

Experienced investors who have poured millions into both Newfound Gold and Sokoman tells you that what Newfound Gold and Sokoman have is significant.

Newfound Gold deposits some investors have estimated to be in the millions of ounces of high grade ore at shallow depth.

Sokoman has a deposit that conservatitvely will exceed a million ounces of shallow high grade ore.

Comparatively, Newfound Gold has to this point the more significant drill results but Sokoman's drill results are substantial and of world class.

Newfound Gold's and Sokoman's deposits are of high value per ounce not only because of the number of ounce but also because they are high grade at shallow depth.  What also gives them higher value is the jursidiction they are in, near-by infrastructure and labour.

Both Newfound Gold and Sokoman are currently executing extensive drill campaigns that have continued to deliver exceptional results.  More is pending.