CORRECTION: Sokoman Reports Additional Strong Results from the Barge Drill Program Moosehead Project, Central Newfoundland Drilling ongoing with three rigs focused on expansion of the Eastern Trend to depth
*Corrections made on the drill map and table of assays are highlighted in yellow. The corrections are neither material nor do they affect the quality of the results reported.
ST. JOHN'S, NL / ACCESSWIRE / April 13, 2022 / Sokoman MineralsCorp. (TSXV:SIC)(OTCQB:SICNF) is pleased to report that the Moosehead Project continues to deliver high-grade assay results, achieving a goal of expanding all mineralized zones along strike and to depth, while also connecting them.
Assay highlights include:
- MH-21-323 - 4.05 m of 14.55 g/t Au incl. 1.15 m of 50.42 g/t Au from 31.70 m
- MH-21-335 - 3.10 m of 15.80 g/t Au incl. 1.60 m of 29.93 g/t Au from 92.90 m
- MH-21-338 - 5.80 m of 7.05 g/t Au incl. 2.40 m of 15.43 g/t Au from 98.15 m
Moosehead Plan Map with Eastern Trend Fault - *Labels of the regional holes corrected
MH-21-335 and 338 are barge holes completed in the Main Eastern Trend. They increase confidence in the interpreted plunge of the high-grade gold shoots as we move north in the current drill program. MH-22-323 was completed in the 75 Zone that continues to demonstrate high-grade near-surface gold potential. The Phase 6 program is ongoing with 298 holes completed for a total of 51,000 m. The remaining holes in the expanded table below include holes completed last fall from numerous locations within the overall mineralized footprint (see table for target definition).
Tim Froude, President and CEO of Sokoman, says: "The 75 Zone and the Main Eastern Trend continue to deliver strong results and the gap between both zones has narrowed to 65 m. The modelling is clearly supporting our interpretation that the 75 Zone, or portions thereof, is a splay off the Main Eastern Trend with a similar relationship that the Footwall Splay has with the Main Eastern Trend immediately to the north. Recent drill holes MH-21-346 returned 9.60 m of 7.33 g/t Au, and MH-21-345 returned 4.75 m of 20.75 g/t Au were completed where the Footwall Splay and Main Eastern Trend merge (January 20, 2022 news release). Drilling until spring break-up will focus on the following areas: a section or fan of six to eight holes testing a deeper portion of the Main Eastern Trend approximately 125 m north of and approximately 150 m down the interpreted plunge of holes MH-21-345 and 346. There are only two widely-spaced holes in this area representing the northernmost holes at this elevation (250 m vertically) in the Eastern Trend. A second drill will test below the current known extent of the Main Eastern Trend approximately 125 m downdip of holes MH-21-345 and 346 at a vertical depth of approximately 250 m where the Eastern Trend is completely open for expansion."
The third drill has recently completed a fence of five holes targeting a combined magnetic and C horizon till anomaly (54 gold grains) 1 km southwest of the South Pond Zone. The area is inferred to sit along the main Valentine Lake shear zone which hosts Marathon Gold's Valentine Lake gold project, that is about to commence mine construction. All five drillholes, awaiting assays, collared in Laurenceton Formation mafic volcanics consisting of flows and related breccias. The easternmost hole, MH-22-395, intersected strongly-sheared flows at 262.3 m. This fault can be projected to the northeast to the 253 Zone and provides a regional framework for the property. MH-22-379 intersected a fine-grained mafic flow or mafic dyke with 1%-2% locally up to 5% combined pyrite and arsenopyrite from 232.0 m - 235.0 m. At Moosehead, similar occurrences of pyrite and arsenopyrite at mafic dyke margins carry gold. Also occurring within the interval is a black chlorite zone with abundant buckshot pyrite. This association is frequently observed proximal to the auriferous veins at Moosehead.
Additional drilling will take place in the 253 Zone area where a subparallel structure carrying quartz veining and disseminated pyrite + arsenopyrite, first intersected in MH-21-253, returned assays of 7.5 m of 0.31 g/t, 32 m downhole, and 1.78 g/t Au over 1.40 m, 54.8 m downhole. The rig will be flown to the east side of the structure to better facilitate targeting. The 253 Structure is interpreted to be several kilometres in length and has had minimal drilling.
Expanded Table of Results - April 2022
*This correction does not change the overall gram metres for the full interval just the sub-interval.
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.