Sokoman Minerals Corp. V.SIC

Kenorland Study

[geezer21]

The Kenorland Study reinforces an expectation that Moosehead on the same trend as the 7.8M oz (P&P, M&I) Valentine Lake Project may quite well attain that level of ounces also. The Kenorland study indicates Moosehead may attain in excess of 5M oz.   

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

Sokoman has 30 (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 intercept thickness of the 30 holes is 8.63 meters

The total gram/t x thickness average of the 30 holes is 259.5 g/t/meters.

Kenorland Mineral's 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 30 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 30 hole average 259.5 g/t/meters and 8.63 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 259.5 g/t/meters can be plotted on the y-axis and on page 12 chart the 8.63 meter thickness can be plotted on the x-axis.   The total Au (Moz) are on the opposing axis.  To estimate Sokoman's total Au Moz on those total Au axis it is necessary to interpolate through 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 259.5 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 definitive amount 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.

One thing we do know is that when you find high grades intercepts like what Sokoman is getting the probability of finding a lot more is very high.

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	g/t x m
01-13	21.19	9.28	196.64
01-23	1.53	170.31	260.57
02-38	16.84	14.07	236.94
03-15	2.4	53.54	128.50
16-62	7.20	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
18-17	1.45	278.00	403.10
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
20-115	1.45	105.33	152.73
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

[stockshack]

I'm afraid the chart doesn't support your theory. 

[geezer21]

You are confusing fundementals with stock market sentiment. Stock market participants either undervalue or overvalue the intrinic value of companies. Stockmarket participants are undervaluing Sokoman.  The value of Sokoman's gold in the ground far outweighs the valuation the market is putting in it. Moosehead is a significant deposit.  It will get sold. Labrador Gold that has less

[Stockpicks96]

Geezer, like BC you are a credit to the community. Your points about intrinsic value are well received. However, I think you need to think about what such a low share price is telling us. Yes we have 30+ high grade hits, all of them shallow. As others have commented, there's no real continuity between the zones at Moosehead which indicates a viable and economic deposit to mine. The market

[AlwaysLong683]

I doubt NFG takes out SIC. Re. NFG / LAB deal: NFG didn't buy the entire company, just LAB's Kingsway project which is adjacent to NFG's Queensway project and caught the part of the Appleton Fault that NFG didn't already have claim to in that area, so it makes some sense for NFG to acquire that land package on the cheap, though LAB has come up with next to nothing so far re

[geezer21]

If anyone take Moosehead out it will likely be Calibre.  This is what they do.  They have the balance sheet to do it and they will have Marathon in production likely with in the year. Calibre keeps expanding not only its production but also its reserves and resources. In Nicaragua they developed a model that entail hauling ore over long distance so hauling ore from Moosehead to Marathon