Continuous, consistent, great results everytime, which of the other companies is this consistent? Excellent.
Now, can you imagine drilling deep what we would find, NFG drilled 400+ metres deep to get that one great intersection, wait till we drill deep. We're just scratching the surface and coming up with great numbers. GLTA - Great news
Sokoman Announces High-Grade Results Demonstrating Continuity of Eastern Trend Mineralization at The Moosehead Project, Central Newfoundland
2021-07-29 07:12 ET - News Release
Company Website: https://sokomanmineralscorp.com
ST. JOHN’S, Newfoundland and Labrador -- (Business Wire)
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 with multiple holes reporting visible gold mineralization.
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(Graphic: Business Wire)
Tim Froude, President and CEO of Sokoman, says: “Drilling continues to confirm high-grade gold at Moosehead and provide insights into the complex geological controls on the high-grade mineralization. Our methodical approach is paying off as we continue to intersect and extend the interpreted high-grade shoots that lie within the larger envelope of gold mineralization. With high-grade gold existing in all known zones within an area at least 700 m in strike, up to 200 m in width, and at least 250 m vertical: the potential to link these zones as well as expand the footprint of the Moosehead system is high. Drilling will continue with two rigs and arrival of the barge rig on the property is expected to be two – three weeks. The barge is ready and will be mobilized immediately on receipt of the Water Resources permit, which is the only permit outstanding. We will be posting all Phase 6 drill hole summaries on our website as soon as compilation and updating of sections and plans are complete.”
75 Zone
While waiting on assays for South Pond the drill was relocated to the 75 Zone to assess the southern extension of the Eastern Trend. Borehole MH-19-75 was originally drilled in the fall of 2019 and returned a 5.80 m intersection (core length) grading 6.93 g/t Au starting at 87.50 m downhole, including two visible gold-bearing veins that assayed 30.42 g/t Au over 0.30 m (from 88.95 m), and 32.99 g/t Au over 0.80 m (from 92.50 m). The initial follow-up program around MH-19-75 was based on 25 m step outs which the Company has determined to be less than ideal for evaluating these complex shear systems. MH-21-203 returned 13.67 g/t Au over 2.85 m from 98.15 m downhole – a 10 m step out to the south from MH-19-75. MH-21-205 – a 15 m step out from MH-19-75 (and up-dip from MH-21-203) intersected four veins with visible gold, returning 2.88 g/t Au over 4.25 m including 7.89 g/t Au over 1.25 m. Given these results the drill will continue at the 75 Zone.
South Pond
At South Pond, ongoing drilling has defined a steeply-plunging, high-grade core within the moderately to steeply east-northeast dipping mineralized zone. Modeling of the area suggests that South Pond is possibly a splay off the Eastern Trend structure to the east, with many similar characteristics to the original Footwall Splay at North Pond. This interpretation bodes well for continued exploration between South Pond and Western Trend (approximately 250 m corridor) not only for gold mineralization on the main structures but for repeating splays as well.
Eastern Trend
Drill holes MH-21-193, 198 and 200 all focused on the Lower Eastern Trend between vertical depths of 150 to 200 m and were follow-up to previous drilled holes MH-19-62 (7.20 m @ 22.35 g/t Au and MH-19-81 (6.40 m @ 17.34 g/t Au). The results have confirmed continuity of gold mineralization in the Lower Eastern Trend and drilling will continue in this area for the foreseeable future.
Previous drilling in the Eastern Trend intersected gold mineralization on structures both above and below the main mineralized envelope. Ongoing close-spaced drilling of the Lower Eastern Trend indicates that there is more regularity and predictability to these intersections. The upcoming barge-based program will be key to assessing the up-plunge potential and whether these structures prove to be additional high-grade splays and or parallel structures.
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 and multiple high-priority targets independent of the known zones remain to be tested. In Phases 1 to 5 the Company completed 23,378 m (106 holes). In Phase 6 the Company has completed 22,326 m to-date to hole MH-21-228 (120 holes in this Phase) of the 50,000 m drill program at Moosehead.
QP
This news release has been reviewed and approved by Timothy Froude, P.Geo., a "Qualified Person" under National Instrument 43-101 and President and CEO of Sokoman Minerals Corp.