ORIGINAL: Sokoman Reports Additional High-Grade Gold at Eastern Trend Moosehead Gold Project, Central Newfoundland
2023-02-08 07:13 ET - News Release
MH-22-505 cuts 21.35 m of 9.75 g/t Au from Eastern Trend; New Zone intersected at South Pond
ST. JOHNS, NL / ACCESSWIRE / February 8, 2023 / SokomanMinerals Corp. (TSXV:SIC)(OTCQB:SICNF) ("Sokoman" or the "Company") is pleased to report significant gold mineralization intersected in the main Eastern Trend (MH-22-505) approximately 200 m up hole from the targeted 463 Zone. Hole MH-22-505 cut 21.35 m averaging 9.75 g/t Au including 7.75 m averaging 21.82 g/t Au from 199.05 m downhole. The hole deviated slightly and passed above the targeted 463 Zone. Multiple narrow quartz veins, with specks of visible gold, were intersected in the portion of MH-22-505 closest to the 463 Zone (Figure 2 and summarized in accompanying table). The veins occur at high angles to core axis, are oblique to the Eastern Trend and are north-northeast trending - points which validate the current 463 Zone model.
As was reported on December 15, 2022, the 463 Zone is a significant departure in vein style/geometry from earlier drill intersections in the vicinity. The "463" intercept is thicker than any other to date and includes the "typical" high-grade vuggy-type veins with abundant VG with 5%-7% accessory boulangerite as well as brecciated veining with occasional specks of VG with minor boulangerite and sphalerite. Preliminary conclusions are that the 463 Zone is the hinge zone of a folded footwall splay vein off the lower Eastern Trend (Figure 2) with the geometry inferred to be a flat structure with a north-south trend. Initial assay results from the 463 Zone were released on September 6, 2022. The results included a 39.6 m intercept (core length) at 12.50 g/t Au (from 295.30 m downhole) including a higher-grade interval of 10.25 m at 41.97 g/t Au (from 312.35 m downhole).
A second hole, MH-22-512, targeting the 463 Zone, has been collared from the west side of North Pond to be used as a pilot hole to wedge additional holes. These drill holes will test for additional folded splays unrecognized to date with the heavy bias of drilling the, moderately east-dipping, Eastern Trend from west to east.
New Zone at South Pond
The new 511 Zone has been intersected in two holes testing an IP response under South Pond. The intersections are 250 m south of the South Pond Zone where drilling intersected 5.00 m of 26.87 g/t Au, incl 2.15 m @ 60.59 g/t Au from 47.00 m downhole in MH-20-123. The 511 Zone was initially intersected in MH-22-510, where a 3.55 m wide zone of mineralization grading 0.98 g/t Au was cut at a downhole depth of 419 m. Hole MH-22-511, 100 m to the south, intersected a 20.97 m wide mineralized zone (core length) averaging 1.12 g/t Au with a higher-grade section, 3.60 m wide, averaging 2.32 g/t Au starting at 336 m downhole. The 511 Zone, hosted in sediments cut by altered mafic dykes carrying up to 5% disseminated pyrite and arsenopyrite with 20%-30% quartz carbonate veining, is open to the south and to depth. This mineralization style is found in most gold zones at Moosehead and is often associated with higher-grade, VG-bearing, quartz veins. It is still not known if the intersections in holes 510 and 511 are one continuous zone or two separate, subparallel zones. Additional holes are planned for the area.