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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 geezer21on Mar 16, 2022 7:45am
168 Views
Post# 34517627

Gold at Grey River

Gold at Grey River

Sokoman / Benton Intersect Gold in all Five Drill Holes over 5 km Strike Length Confirming Extensive Gold System at Grey River

V.BEX, V.SIC

ST. JOHN'S, NL / ACCESSWIRE / March 16, 2022 / Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ("Sokoman") and Benton Resources Inc. (TSXV:BEX) ("Benton") together (the "Alliance"), are pleased to announce the results from the maiden drill program at Grey River, Newfoundland. The Alliance reports that the drilling has returned multiple intersections in drill holes covering 5.0 kilometers of strike length and is open in all directions. The results are highlighted by GR-21-01, the easternmost hole drilled, that intersected three distinct gold zones including a high-grade interval of 10.58 g/t Au over 1.80 m including 50.13 g/t Au over 0.35 m.

Program highlights include:

DDH #

Target

 

From (m)

To
(m)

Length m*

Au (g/t)

 

 

   

 

   
GR-21-01

Historical Au - 0.25 g/t

 

33.40

35.00

1.60

1.40

 

 

and

45.30

48.35

3.05

2.64

 

 

and

74.50

76.30

1.80

10.58

 

 

incl

74.50

74.85

0.35

50.13

 

 

         
GR-21-02

Surface chip - 134 g/t Au

 

77.00

77.70

0.70

2.04

 

 

and

81.90

84.00

2.10

0.80

 

 

and

98.00

105.40

7.40

1.14

 

 

incl

101.00

101.75

0.75

8.22

             
GR-21-03

Historical Au - 3.80 g/t

and

124.00

126.00

2.00

1.78

 

 

and

164.00

168.00

4.00

1.37

 

 

   

 

   
GR-21-04

Surface grab - 0.80 g/t Au

 

115.50

115.80

0.30

1.25

 

 

and

128.10

131.00

2.90

1.36

 

 

         
GR-21-05

Test EM Anomaly

 

93.00

99.40

6.40

0.29

   

incl

95.90

96.80

0.90

1.67

* Core lengths - believed to be 90% of reported lengths.      

Grey River 2021 Drilling Program Map

Timothy Froude, P. Geo., President and CEO of Sokoman states; "The first drilling that tested the gold potential of this huge system has exceeded our expectations. It is hard to believe that the area has never been drilled for gold even though gold was first reported from the property in the 1980s. In addition to the assays in the table, broad zones of anomalous Au mineralization, from 5 to 250 ppb, were intersected in all holes. More exploration is required to understand the controls on the gold mineralization particularly the high-grade zones which are found in two areas on the property over four kilometers apart. The highest-grade results are from the easternmost hole (GR-21-01) and all the mineralized zones are open in every direction."

Stephen Stares, President and CEO of Benton states; "It is important for shareholders to understand the scale and potential of this project. We've essentially tested random areas of a huge silica zone to see if the system was carrying gold mineralization at depth. This maiden drill program has exceeded our expectations, and not only did we hit gold in every hole over 5 km, but we've also confirmed high grades which is open in all directions. The alliance is very excited to get back working on this project and permitting for a more extensive exploration program including 25 to 30 drill holes is underway. I truly believe this very large (>10 km) silica system could be host to a very significant gold deposit and I can hardly wait to get drills turning again."

Field setup for GR-21-01 - Grey River JV Property

Gold mineralization is associated with extensive silica zones containing 2%-20% disseminated and stringer pyrite in the >10 km quartz/silica body in the eastern half of the property. The higher grades appear to be associated with discreet quartz-sulphide veins that cut the silica body at a low angle. Historic grab samples, and recent grab samples taken by Sokoman and Benton personnel (see September 2, 2021 press release), have given gold values ranging from 5 ppb to 225 g/t Au and drilling has confirmed the gold mineralized zones are extensive. Previously released assay values from GR-21-01 (37.65 g/t Au over 0.35 m) have increased to 50.13 g/t Au over 0.35 m due to re-assaying using the metallic screen method suggesting that free gold is present.

Previous workers have compared the gold mineralization at Grey River to the high-grade Pogo gold mine in the Tintina district of Alaska. The Pogo mine, to the end of 2019, produced 3.9M oz gold at 13.6 g/t Au (Northern Star Resources, November 22, 2021).

Noteworthy of the Grey River project is:

  • No previous drilling for gold in the silica zone which has been mapped over a 10 km strike length and remains open - most holes collared in, and ended in, the silica zone
  • Gold mineralization has been located in five holes over a 5 km strike length
  • Gold zones in multiple drill holes with grades up to 50.13 g/t Au
  • 25-30 drill holes planned to start spring/early summer 2022
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