Sokoman Minerals Corp V.SIC

blow out

[likeike]

Keats Step-Out Returns 61.8 g/t Au over 13.7m, Extends High-Grade Zone to 285m Down-Plunge

Canada NewsWire

VANCOUVER, BC, March 16, 2021

VANCOUVER, BC, March 16, 2021 /CNW/ - New Found Gold Corp. ("New Found" or the "Company") (TSXV: NFG) (OTC: NFGFF) is pleased to announce assay results from three holes drilled at Keats Zone ("Keats"). These holes were drilled as part of the Company's ongoing 200,000m diamond drill program at its 100%-owned Queensway Project ("Queensway"), located on the Trans-Canada Highway 15 km west of Gander, Newfoundland. 

Highlights

• Highlights of these results include: 

 Hole No.

	From (m)	To (m)	Interval (m)*	Au (g/t)
NFGC-21-79	133.75	141.65	7.9	22.7
NFGC-21-90	35.35	39.20	3.9	24.5
NFGC-21-118	211.15	224.80	13.7	61.8
Incl	212.10	213.05	1.0	565
*Note that the host structures are interpreted to be steeply dipping and true widths are estimated to be 70% to 80% of reported intervals. Intervals are calculated at a 1 g/t Au cut-off grade; grades have not been capped in the averaging.

 The interval of 61.8 g/t Au over 13.7m in NFGC-21-118 is a 21m down-plunge step-out to the south from the previously furthest south intercept of 29.1 g/t Au over 11.4m in hole NFGC-21-104 (see NFG press release March 1, 2021) and is the deepest intercept drilled to date at Keats.

• Drill hole NFGC-21-118 is still being drilled and is targeted to intersect the Appleton Fault Zone. The hole is currently at a depth of 581m. Assay results from the balance of this hole will be reported when received.
• The interval of 24.5g/t Au over 3.85m in drill hole NFGC-21-90 is a 15m step-out to the north from the previously furthest north high-grade intercept. This interval is at approximately 25m vertical depth extending the high grade near surface mineralization in this area.
• The intercept of 22.7g/t Au over 7.9m in NFGC-21-79 further confirms the continuity of the high-grade envelope within the Keats-Baseline fault.
• The Keats high-grade zone has now been drill defined over 285m in the down-plunge direction. The zone remains open and step-out drilling is continuing to the south, vertically above and below this zone, and to the north.
• The interval of 24.5g/t Au over 3.85m in drill hole NFGC-21-90 is a 15m step-out to the north from the previously furthest north high-grade intercept. This interval is at approximately 25m vertical depth extending the high grade near surface mineralization in this area.
• The intercept of 22.7g/t Au over 7.9m in NFGC-21-79 further confirms the continuity of the high-grade envelope within the Keats-Baseline fault.
• The Keats high-grade zone has now been drill defined over 285m in the down-plunge direction. The zone remains open and step-out drilling is continuing to the south, vertically above and below this zone, and to the north.

Craig Roberts, P.Eng. CEO of New Found, stated: "Drilling at Keats continues to expand the impressive zone of high-grade gold mineralization. The interval of 61.8g/t Au over 13.7m is the furthest south and deepest drill intercept to date and indicates the continuation of a very strong gold mineralizing system capable of producing broad intervals of high-grade gold in this direction. Our excitement continues to grow with this success at Keats, further bolstered by our high-grade discovery at Lotto 2km to the north, and by other recent high-grade drill intercepts along the Appleton Fault Zone. We have recently managed to significantly shorten our turn around time on assays and this in combination with the ramp up to eight drills will significantly accelerate our volume of assay results and news flow. We look forward to reporting further results from Keats, Lotto, and our testing of +12 additional high-grade targets along +20km of the Appleton and JBP Fault Zones."

 

Highlights - Previously Released Keats Main Zone Drill Intervals
Hole	Interval	Au		Hole	Interval	Au		Hole	Interval	Au		Hole	Interval	Au
	(m)	(g/t)			(m)	(g/t)			(m)	(g/t)			(m)	(g/t)
19-01	19.0	92.9		20-29	16.9	25.0		20-40A	7.3	19.3		21-52	2.1	136.7
20-18	7.9	24.1		20-30	6.1	10.3		20-41	10.4	22.5		and	14.1	31.5
20-19	18.9	31.2		20-32	13.1	45.3		and	15.9	31.4		and	5.6	13.7
20-21	18.4	15.8		20-33	4.0	2.6		20-43	18.2	10.0		20-56	32.3	6.2
20-23	41.4	22.3		20-34	2.4	29.3		20-45	13.8	28.4		21-80	39.1	25.8
20-25	2.2	7.3		20-36	8.9	5.2		and	3.3	20.6		and	2.3	41.6
20-26	6.9	44.5		20-37	10.3	25.0		and	2.0	17.1		21-104	11.4	29.1
20-28	4.1	40.1		20-38	5.8	19.8		20-46	2.9	13.7

 

Drillhole Details

 

Table 2: Summary of results reported in this news release
Hole No.	From (m)	To (m)	Interval (m)*	Au (g/t)	Zone
NFGC-21-79	107.35	113.80	6.45	1.00	Keats
And	133.75	141.65	7.90	22.7	Keats
NFGC-21-90	20.00	28.05	8.05	2.45	Keats
And	35.35	39.20	3.85	24.5	Keats
NFGC-21-118	211.15	224.80	13.65	61.8	Keats
Including	212.10	213.05	0.95	565

 

Table 3: Location details of drill holes reported on in this news release
Hole No.	Azimuth (°)	Dip (°)	Length (m)	UTM E	UTM N
NFGC-21-79	300	-45	192	658 199	5 427 403
NFGC-21-90	300	-45	182	658 235	5 427 540
NFGC-21-118*	300	-45	*581	658 189	5 427 285
*Drill hole ongoing

 

Sampling, Sub-sampling and Laboratory

True widths of the intercepts reported in this press release have yet to be determined but are estimated to be 70% to 80% of reported core lengths. Assays are uncut, and calculated intervals are reported over a minimum length of 2 meters using a lower cutoff of 1.0 g/t Au. All HQ split core assays reported were obtained by either complete sample metallic screen/fire assay or standard 30-gram fire-assaying with ICP finish at ALS Minerals in Vancouver, British Columbia or by entire sample screened metallic screen fire assay at Eastern Analytical in Springdale, Newfoundland. The complete sample metallic screen assay method is selected by the geologist when samples contain coarse gold or any samples displaying gold initial fire assay values greater than 1.0 g/t Au. Drill program design, Quality Assurance/Quality Control and interpretation of results is performed by qualified persons employing a Quality Assurance/Quality Control program consistent with National Instrument 43-101 and industry best practices. Standards and blanks are included with every 20 samples for Quality Assurance/Quality Control purposes by the Company as well as the lab. Approximately 5% of sample pulps are sent to secondary laboratories for check assays.

[ggnewmex1]

Thanks for sharing IKE This does sort of imply that this region is one large gold mine, doesn't it We may look back on these days, and say "why didn't we this this potential back then!" gg

[99942Apophis]

ggnewmex1 wrote Thanks for sharing IKE This does sort of imply that this region is one large gold mine, doesn't it We may look back on these days, and say "why didn't we this this potential back then!" gg I agree ggnewmex1 it is beginning to appear that way. Hard to say on your thoughts on future hindsight, far too many exploration companies hit occasional chunks of

[likeike]

Well apophis listen to Tim in the webnair. I think he says the stepouts have to be so  close together they will miss the structure completely and paraphrasing he thinks  we have or will get fragmentation. Those 3D images sure say a lot that cannot be put into words. EVERYONE please watch the webnair. IKE

[BlueChipper2020]

Those are some spectacular NFG holes, particularily the 13M x 61gpt. SIC had 8M x 60gpt reported a few months back. Not saying we are NFG, however how far can SIC get with a 200,000 metre program.  GLTA

[likeike]

May not be the same fault line but sure seem to be the same structures or at least humming a few bars. If NFG keeps up we may up our drilling this year to maybe 100,000 with early fininancing and a favourable stock price but what do I know.? How many rigs are there in Newfoundland anyway? IKE

[BlueChipper2020]

LikeIke, Agree with your post. Technically according to what Tim had said, SIC structure is on the same fault as Marathon Gold. However, he then said the structure more closely resembles NFG.  You can also see that SIC drill holes are very similar to NFG. I would love to see SIC get some wider intervals, perhaps a bit deeper. That would be another game changer IMHO.   BC

[likeike]

Bang on BlueChipper as Peter Dimmel said at the 21 min mark they have similar rock but as of yet SIC has not hit anything wider than 11 meters. This is from a guy that says he  knows the rock from both projects well. So so far like I have said we are a minime. If it shows up even half as big it is still a monster. Like was said we are dealing with not neat information. IKE

[BlueChipper2020]

LikeIke, see below from FY 2018. You stated SIC never cut anything wider than 11 metres?  The blelow says: 24.90 m core length grading 33.56 g/t Au BC St. John’s, NL; November 16, 2018 – Sokoman Iron Corp. (‘Sokoman’ or ‘the Company’) (TSX-V: SIC) is pleased to announce that it has received assay results for five of seven holes completed to date in the Eastern Trend, part of the

[likeike]

Sorry Peter Dimel was talking about at 44 g /ton and he was talking about how wider their finds have been.( The had one at 90g/ton for 19m). In the video he is trying to state the  differences not the similarities. IKE