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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... see more

TSXV:SIC - Post Discussion

Sokoman Minerals Corp. > Kenorland Study
View:
Post by geezer21 on Apr 17, 2024 6:22pm

Kenorland Study

The Kenorland Study reinforces an expectation that Moosehead on the same trend as the 7.8M oz (P&P, M&I) Valentine Lake Project may quite well attain that level of ounces also. The Kenorland study indicates Moosehead may attain in excess of 5M oz.   

The Kenorland Study looked at the relationship of discovery hole gram/ton x thickness (GT) to the eventual gold endowment of 83 primary gold deposits in Canada.

Sokoman has 30 (2 are just under but close enough to include) intercepts in excess of 100 gram/ton meters:  g/t x meter thickness (GT). See list below.

The average intercept thickness of the 30 holes is 8.63 meters


The total gram/t x thickness average of the 30 holes is 259.5 g/t/meters.

Kenorland Mineral's study of 83 primary gold deposits in Canada compared the relationship between discovery hole gram/ton x thickness (GT) to gold endowment and thickness to gold endowment.

Using Sokoman's average GT and thickness for 30 holes rather than just one discovery hole gives a much higher confidence of Sokoman's average GT and thickness to Sokoman's gold endowment when plotted on Kenorland Mineral charts showing the relationship of GT and thickness for the 83 primary gold deposits.

Plotting Sokoman's 30 hole average 259.5 g/t/meters and 8.63 meter thickness on Kenorland Mineral's charts on page 11 and 12 indicates Sokoman's Moosehead deposit is in excess of 5 million ounces.

On page 11 chart the 259.5 g/t/meters can be plotted on the y-axis and on page 12 chart the 8.63 meter thickness can be plotted on the x-axis.   The total Au (Moz) are on the opposing axis.  To estimate Sokoman's total Au Moz on those total Au axis it is necessary to interpolate through the companies plotted on the charts. To do that: 

Go to page 17 chart, "Renault Discovery" where all the company GT's are compared.  Plot Sokoman's 259.5 g/t/meter (GT) on the y-axis and draw a horizontal line across the chart and note all the companies that lie above that line. They are: Coffee, Snowfield, LaRonde, Elenore, MacLellan, Fenn Gib, Detour Lake, Horne, Hemlo - Golden Giant, Eskay Creek, Hope Bay - Doris, and Brucejack.

Going back to page 11 and 12 charts you will find that other than 2 all the others have in excess of 5 Moz of Au.  Sokoman's GT put Sokoman up into their league.  It should be noted that Sokoman's GT is based on 28 drill holes while the GT for all the others are based on just one discovery drill hole. That gives a higher confidence level in Sokoman's GT.

Does that mean Sokoman has in excess of 5 million ounces?  It is an indicator that Sokoman could have 5 million ounces or more.

At this stage it is just an estimate. A definitive amount will have to wait until resource studies are completed.  Until then Sokoman has the money necessary to do a lot more drilling this year. Currently they are drilling deeper now into the new 463 Zone and also stepping out.

One thing we do know is that when you find high grades intercepts like what Sokoman is getting the probability of finding a lot more is very high.

Here is the link to Kenorland's study:

https://kenorlandminerals.com/wp-content/uploads/2021/01/Kenorland-Minerals-Ltd.-The-Discovery-Study.pdf
MH# metre grams g/t x m
       
01-13 21.19 9.28 196.64
01-23 1.53 170.31 260.57
02-38 16.84 14.07 236.94
03-15 2.4 53.54 128.50
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
18-17 1.45 278.00 403.10
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
20-115 1.45 105.33 152.73
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
22-463 39.60 12.50 495.00
22-505 21.35 9.75 208.16

Comment by Stockpicks96 on Apr 17, 2024 9:16pm
What do you think the chances deep drilling returns some NFG like results this year?
Comment by pepperino on Apr 18, 2024 9:45am
Hey Stockpicks96. I'm new to SIC and took up a small position.   What's the deepest drill depths for Sokoman so far?   Thanks
Comment by Stockpicks96 on Apr 18, 2024 8:24pm
Not sure off hand. Most of that info can be found on their website. The many shallow, bonanza hits we have to date are very encouraging though. We'll see how this year goes