Sokoman Hits Near Surface High Grade Gold https://outlook.live.com/mail/0/deeplink?popoutv2=1&version=20210920004.05
Sokoman Expands 75 Zone and Releases Additional Results from Eastern Trend, Moosehead Gold Project, Central Newfoundland
| New Structure Intersected 300 m East of Eastern Trend;
Barge-Based Drilling on North Pond Underway at Footwall Splay
and Upper Eastern Trend | |
St. John’s, NL, September 28, 2021 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) is pleased to announce that ongoing Phase 6 drilling at the 100%-owned Moosehead Property in central Newfoundland has intersected additional high-grade gold mineralization at both the Lower Eastern Trend and in the 75 Zone, located approximately 100 m along strike south of the main Eastern Trend. (Note: see full table of results, plan map and long section for the 75 Zone and the Eastern Trend further in this release. Not all previous intersections appear on section.)
Highlights of the recently-received rush assays (including total pulp metallics) include:
- MH-21-234: 30.59 g/t Au over 2.75 m (within 4.80 m of 17.56 g/t Au)
from the 75 Zone - MH-21-243: 32.72 g/t Au over 1.70 m (within 9.20 m of 6.70 g/t Au)
from the 75 Zone - MH-21-215: 36.15 g/t Au over 0.35 m (within 2.35 m of 20.39 g/t Au)
from the Eastern Trend - MH-21-229: 18.41 g/t Au over 2.10 m (within 5.10 m of 7.64 g/t Au)
from the Eastern Trend
The Company is also pleased to announce that reconnaissance drilling testing for the source of gold-bearing boulders, discovered earlier this year 300 m to the east of North Pond (see July 6, 2021 news release), has intersected a significant structure (named the 253 Zone), featuring strong quartz veining and variable sulphide mineralization, mainly pyrite and arsenopyrite. Assays are pending and additional drilling is planned.
Tim Froude, President and CEO of Sokoman, says: “We are extremely pleased with the progress of Phase 6 with approximately 19,000 m remaining to be drilled this year. Today’s results give strong support to the growth potential of the 75 Zone with the drilling suggesting that the 75 Zone is linked to the larger Eastern Trend to the north. Our goal is to verify this connection by drilling step-out holes to the north and also down-plunge to test the zone at depth.
"The barge-based component of Phase 6 has started, and the first hole has been completed without any issues with drilling to continue until freeze-up, expected to be in late November / early December. At least 5,000 m of drilling is planned to test the Upper Eastern Trend and Footwall Splay targets where previous drilling has given some of our best holes to date including earlier Phase 6 hole MH-21-115 that gave 4.6 m of 47 g/t Au (Footwall Splay) and 8 m of 68 g/t Au (Upper Eastern Trend).
"We are also pleased to report that drilling which tested the area of the VG boulders, located earlier this summer (July 6, 2021, News Release), has intersected a previously unknown structure, parallel to the main Eastern Trend. The new structure (the 253 Zone), which carries significant veining with associated sulphides, is potentially several kilometres in strike extent based on geophysics, is open both to the northeast and southwest and will be subject to further drilling this fall. Assays are pending and further details will be provided once additional holes have been completed and assays have been received.
"We currently have four drills at Moosehead, including the recently arrived barge rig. Our intention is to temporarily relocate one of the land-based rigs for a month to carry out a Phase 1 drill program (2,000 m) at our Grey River JV with Benton Resources Inc. to test high-priority targets before winter sets in. This will take place shortly with the rig returning to Moosehead to continue testing regional targets, including the newly discovered 253 Zone until year-end.”
75 Zone
Drilling at the 75 Zone continues on 10 m - 15 m step-outs from MH-19-75, originally drilled in the fall of 2019 that had a 5.80 m intersection of 6.93 g/t Au from 87.50 m downhole, including two visible gold-bearing veins that gave 30.42 g/t Au over 0.30 m, and 32.99 g/t Au over 0.80 m. MH-21-234, collared 60 m northwest of MH-19-75, gave 30.59 g/t Au over 2.75 m (within 4.80 m of 17.56 g/t Au). MH-21-243, collared 80 m south-southwest of MH-19-75, gave 32.72 g/t Au over 1.70 m (within 9.20 m of 6.70 g/t Au). These results give the 75 Zone a minimum 100 m north-south strike extent and open to depth from surface. Drilling will continue in the area until the end of the season.
Eastern Trend
One drill continues to infill / extend gold mineralization in the Lower Eastern Trend, and the barge-based drilling has commenced in the Upper Eastern Trend / Footwall Splay targets. Results from the Eastern Trend and the 75 Zone, up to September 28, 2021, are shown in the table below.
Results to-date indicate good continuity with high-grade intersections in the Lower Eastern Trend, including holes MH-21-215 and 229. MH-21-229, designed to test the up-dip continuity of an interpreted high-grade ore shoot 20 m above MH-20-98. MH-20-98 intersected 4.16 g/t Au / 5.65 m including 8.21 g/t Au / 2.50 m at a downhole depth of 296 m. MH-21-229 intersected 18.41 g/t Au over 2.10 m (within 5.10 m of 7.64 g/t Au), showing good continuity in the area that has received limited drilling. MH-21-215 cut two zones of mineralization including a high-grade zone of 36.15 g/t Au over 0.35 m (within 2.35 m of 20.39 g/t Au), and a lower zone of 2.01 g/t Au over 2.70 m with considerable up-plunge potential. At least 5,000 m remain to be completed in this area this year.
About the Moosehead Gold Project
The 100%-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. At least five zones of significant gold bearing mineralization have been identified to date at Moosehead with multiple high-priority targets, independent of the known zones, remaining to be tested. In Phases 1 to 5, the Company completed 23,378 m (106 holes). In Phase 6, the Company has completed 31,000 m in 170 holes (up to MH-21-280) of the 50,000 m drill program.