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Bullboard - Stock Discussion Forum 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... see more

TSXV:SIC - Post Discussion

Sokoman Minerals Corp > Update on Kenorland Study
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Post by geezer21 on Feb 09, 2023 3:20pm

Update on Kenorland Study

Another poster astutely noted that more information is required to estimate from the Kenorland study Sokoman's total ounces Au as only one variable can be plotted on one axis of the charts on pages 11 and 12.  So here it is.


The Kenorland Study looked at the relationship of discovery hole gram/ton x thickness (GT) to gold endowment of 83 primary gold deposits in Canada.

Sokoman has 28 (2 are just under but close enough to include) intercepts in excess of 100 gram/ton meters:  g/t x meter thickness (GT). See list below.

The average intecept thickness of the 28 holes is 8.42 meters

The total gram/t x thickness average of the 28 holes is 255.6 g/t/meters.

Kenorland Minerals study of 83 primary gold deposits in Canada compared the relationship between discovery hole gram/ton x thickness (GT) to gold endowment and thickness to gold endowment.

Using Sokoman's average GT and thickness for 28 holes rather than just one discovery hole gives a much higher confidence of Sokoman's average GT and thickness to Sokoman's gold endowment when plotted on Kenorland Mineral charts showing the relationship of GT and thickness for the 83 primary gold deposits.

Plotting Sokoman's 28 hole average 255.6 g/t/meters and 8.42 meter thickness on Kenorland Mineral's charts on page 11 and 12 indicates Sokoman's Moosehead deposit is in excess of 5 million ounces.

On page 11 chart the 255.6 g/t/meters can be plotted on the y-axis and on page 12 chart the 8.42 meter thickness can be plotted on the x-axis.   The total Au (Moz) are on the opposing axis.  To estimates Sokoman's total Au Moz on those total Au lines it is necessary to intropolate tthrough the companies plotted on the charts. To do that: 

Go to page 17 chart, "Renault Discovery"  where all the company GT's are compared.  Plot Sokoman's 255.6 g/t/meter (GT) on the y-axis and draw a horizontal line across the chart and note all the companies that lie above that line. They are: Coffee, Snowfield, LaRonde, Elenore, MacLellan, Fenn Gib, Detour Lake, Horne, Hemlo - Golden Giant, Eskay Creek, Hope Bay - Doris, and Brucejack.

Going back to page 11 and 12 charts you will find that other than 2 all the others have in excess of 5 Moz of Au.  Sokoman's GT put Sokoman up into their league.  It should be noted that Sokoman's GT is based on 28 drill holes while the GT for all the others are based on just one discovery drill hole. That gives a higher confidence level in Sokoman's GT.

Does that mean Sokoman has in excess of 5 million ounces?  It is an indicator that Sokoman could have 5 million ounces or more.

At this stage it is just an estimate. A more accurate reading will have to wait until resource studies are completed.  Until then Sokoman has the money necessary to do a lot more drilling this year. Currently they are drilling deeper now into the new 463 Zone and also stepping out.


Here is the link to Kenorland's study:

https://kenorlandminerals.com/wp-content/uploads/2021/01/Kenorland-Minerals-Ltd.-The-Discovery-Study.pdf


MH # metre grams gm/ton x metres
01-23 1.53 170.31 260.57
02-38 16.84 14.07 236.94
03-15 2.4 53.54 128.50
03-15 0.45 278.00 125.10
16-62 7.2 22.35 160.92
18-01 11.90 44.96 535.02
18-08 1.05 207.50 217.88
18-08 0.15 1435.58 215.34
18-17 2.30 79.23 182.23
18-17 24.90 33.56 835.64
18-39 9.05 70.29 636.12
19-62 7.20 22.35 160.92
19-81 6.40 17.34 110.98
20-97 6.31 19.42 122.54
20-115 4.60 47.20 217.12
20-115 8.10 68.25 552.83
20-123 5.00 26.88 134.40
20-132 4.00 24.92 99.68
21-141 4.20 64.00 268.80
21-163 11.60 21.07 244.41
21-164 20.95 5.15 107.89
21-276 2.20 75.82 166.80
21-291 4.95 27.70 137.12
21-342 5.50 56.58 311.19
21-345 4.75 20.75 98.56
22-366 1.40 133.94 187.52
22-463 39.60 12.50 495.00
22-505 21.35 9.75 208.16
Comment by mainerisk on Feb 10, 2023 9:53am
Well based on 5,000,000 ounces times $1,860 +/- per ounce equals 9,300,000,000. 9.3 billion and you can buy this stock for .1849 a share. How about a Market Cap of 42,360,000? You are buying gold in the ground for $8.47 an ounce. Correct me if I am wrong.
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