RE:Another Moriarty 321 article Bob Moriarty
Apr 29, 2021
I have been trying to get the message through to my readers for a couple of months that the next major move in the metals is higher and when the “Everything Bubble” soon bursts, gold and silver will be the only game left standing. There are dozens or hundreds of solid companies delivering great results and the market isn’t paying any attention to world-class numbers.
Newfoundland is turning into the place to be with incredible numbers almost daily from New Found Gold that just went over $1 billion market cap. But there are other great companies in the province at far lower prices with nice numbers.
I’ve written about Sokoman Minerals (SIC-V) before, about six weeks ago. The stock has doubled since then. On Wednesday April 28th they released eye-popping intercepts including 11.60 meters of 21.07 g/t Au from the Footwall Splay.
(Click on images to enlarge)
This drill program just completed was their Phase Six campaign with two drills turning. The company is fully cashed up and expects to begin the next phase in mid to late May with a third drill being added in June. The company wants to know what lies at the intersection of the Footwall Splay and the Main Eastern structural trend. That will require a barge-based drill. Permits have been filed for that program. Sokoman hopes to begin drilling in late summer with a fourth drill.
At the South Pond deposit the company also released interesting results on the 28th including 3.05 meters of 16.54 g/t Au. That’s almost $950 rock. Sokoman has discovered a new zone in two of the holes drilling in that area, MH-21-152 and MH-21-153. Sokoman is hoping they have another Swan/Keats lookalike deposit of Fosterville and New Found Gold.