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Sokoman Minerals Corp V.SIC

Alternate Symbol(s):  SICNF

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. Its projects include Moosehead Gold, Fleur de Lys, Grey River Gold, Kepenkeck Gold, Killick Lithium, Crippleback Lake Gold, Startrek and Iron Horse. Moosehead Gold property includes 98 claims totaling 2,450 hectares adjacent to the Trans-Canada Highway in central Newfoundland. Fleur de Lys project of 1,891 claims on the Baie Verte Peninsula of NW. Grey River property in southern Newfoundland includes 324 claims in seven licenses, centered on the community of Grey River. Kepenkeck gold project, located in central Newfoundland. Killick Lithium Project is in southwestern Newfoundland. Crippleback Lake Gold Project is in proximity to the Trans-Canada Highway in north-central Newfoundland. Startrek Property is located 20 kilometers (km) east of the town of Gander, Newfoundland and Labrador, Canada. Iron Horse project is located over 120 km northeast of Labrador City, Labrador.


TSXV:SIC - Post by User

Post by likeikeon Apr 30, 2021 6:16pm
216 Views
Post# 33106441

where we are drilling

where we are drilling

The continuing phase 6 program is planned to continue through the spring breakup as long as it is technically feasible, with the two drills, now present, testing the footwall splay/eastern trend high-grade zones, with a 10-hole program designed to expand the near-surface zones. Assay results from the South Pond and footwall splay/eastern trend areas are pending and will be released within the next two to three weeks, with a full review of all results to date provided at that time.

Although drilling is slower and more complicated due to logistical concerns during the breakup period, the footwall splay/eastern trend zones are relatively easy to access and the decision was made to take advantage of the company's location and to continue to drill through this period. Plans are to increase to the four drills, and the planned 50,000 metres of drilling, announced earlier, as of June 1.

About the Moosehead gold project

The 100-per-cent-owned Moosehead gold project is located along the Trans-Canada Highway in north-central Newfoundland, on the same structural trend as the advanced Valentine Lake project (Marathon Gold), and adjacent to New Found Gold's Queensway project. Both the Moosehead and Queensway projects are targeting high-grade, turbidite-hosted, Fosterville-type gold mineralization. Significant gold mineralization has been identified in at least five separate zones including the eastern trend where mineralization has been defined over a 500 m strike length and a 200 m vertical height and remains open, with high-grade drill results including 11.9 m of 44.96 grams per tonne Au (MH-18-01) and 5.1 m of 124.20 g/t Au (MH-18-39).

Qualified person

This news release has been reviewed and approved by Mr. Froude, PGeo, a qualified person under National Instrument 43-101, and president and CEO of Sokoman.

COVID-19 protocols

To ensure a working environment that protects the health and safety of the staff and contractors, Sokoman is operating under federally and provincially mandated and recommended guidelines during the current COVID-19 alert level.

About Sokoman Minerals Corp.

Sokoman is a discovery-oriented company with projects in Newfoundland and Labrador. The company's primary focus is its portfolio of gold projects (Moosehead, Crippleback Lake, East Alder) in central Newfoundland, and the recently acquired, district-scale Fleur de Lys project in northwestern Newfoundland, which is targeting high-grade Dalradian-style gold mineralization similar to the Curraghinalt deposit in northern Ireland.

The company also has a 100-per-cent interest in an early-stage antimony/gold project in Newfoundland optioned to White Metal Resources Inc., as well as the 100-per-cent-owned Iron Horse iron ore project in Labrador.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the company's property.

The company would like to thank the government of Newfoundland and Labrador for financial support of the project through the Junior Exploration Assistance Program. Sokoman has been approved for funding for a portion of 2020 exploration activities.

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