Lots of news to come 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.”