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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

Comment by geezer21on May 28, 2024 3:20pm
61 Views
Post# 36060923

RE:Crux article on SIC

RE:Crux article on SIC
The Novamera MOU is for mining and not just bulk sampling.

Sokoman's news release on 23 May 2024 indicated the MOU was for bulk sampling.

https://stockhouse.com/news/press-releases/2024/05/23/sokoman-minerals-updates-moosehead-gold-project-central-newfoundland

However, Froude says it is mining using Novamera Incorporated technology in his Crux interview released today.

Also, Novamera's website describes their technology as mining.  Their video discription shows a seris of large diameter core holes follow along a vein to extract the ore. A huge bit grinds up the ore and the pulp is pumped out.  They discribe it as surgical mining akin to mining practices in the past and some currently were just the vein is extracted.

https://novamerainc.com/smd-technology/

There is no word on how this will be financed but the logical answer would be that the mining will pay for the drilling and there will be a profit sharing with Sokoman.  Wether the mining proceeds depends on Novamera's due deligence determination that it is worth while proceeding.

This looks like a significant game changer for Sokoman.

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