Next door Sokoman Minerals Cuts High-Grade Gold in Step-Out Drilling at Moosehead Project, Central Newfoundland
4.2 m of 64 g/t Au, including 1.2 m of 223.63 g/t Au at South Pond
ST. JOHN'S, NL / ACCESSWIRE / February 23, 2021 / Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) (the "Company" or "Sokoman") is pleased to announce that ongoing Phase 6 drilling program at the 100%-owned Moosehead Property has intersected near-surface (30 metres vertically), high-grade gold mineralization in step-out drilling at South Pond, where recent high-grade intersections including 5.0 m of 26.87 g/t Au from MH-20-123 were reported (see NR dated December 17, 2020). Diamond drill hole MH-21-141, drilled as a step-out 15 m to the north of MH-20-123, returned the following priority rush, total pulp, metallics assay results:
MH-21-141 - 4.20 m of 64 g/t Au, including 1.20 m at 223.63 g/t Au from 47.90 m downhole*
*reported lengths are core lengths and are believed to be 90% of true thickness
Tim Froude, President and CEO of Sokoman, says: "We are extremely pleased with the drill results from the South Pond target as it continues to develop into yet another potentially significant story at Moosehead. We are currently cutting additional pads to facilitate detailed drilling of this zone where Rig 1 will be focused for the next few weeks. We know that mineralization elsewhere on the property, and in particular our higher-grade zones, can have variable orientations within and adjacent to our main structural corridors, requiring detailed drilling to establish direction and maximize success. In the meantime, newly arrived Rig 2 will focus on high-priority targets outside of the known mineralized trends, and we consider the chances of additional discoveries to be quite high. Drilling operations will continue until the spring break-up. We have now drilled 37 holes for a total of 6,872 m in Phase 6 of the total planned 20,000 m."
Assays were also received for drill hole MH-21-140, collared approximately 15 m to the south of MH-20-123, which returned a 6.70 m interval averaging 3.24 g/t Au, including 1.20 m at 16.96 g/t Au from 42 m downhole. A drill plan and an updated table of results from the Phase 6 drilling at South Pond are appended to this release.
South Pond Zone
Gold mineralization was discovered in quartz float along the northern shoreline of South Pond by earlier workers and was further evaluated by Sokoman last summer. This evaluation resulted in the discovery of two types of mineralization, a high-grade cluster that averaged 36.59 g/t Au, and a previously known lower-grade cluster that averaged 1.91 g/t Au (see NR dated July 30, 2020). In 2020, drilling beneath the high-grade boulders returned a quartz vein zone at 47 m that averaged 26.87 g/t Au over 5 m, including 60.59 g/t Au over 2.15 m, the likely in-situ source of the high-grade boulders.
Based on the drilling to date, the mineralization occurs in a 3-7m wide zone of shearing and quartz veining, with 2-5% disseminated sulphides (pyrite+/-sphalerite+/-boulangerite). The high-grade sections are typically banded and/or stylolitic, locally vuggy, quartz veins, up to one metre thick, with multiple 1 to 5 mm blebs of visible gold in a zone of moderately sheared siltstones. Modeling suggests that the South Pond zone is the southern extension of the Western Trend, located 240 m to the north.