Mr. Timothy Froude reports
SOKOMAN HITS 69.48 G/T GOLD OVER 4.85 M AT MOOSEHEAD GOLD PROJECT IN CENTRAL NEWFOUNDLAND
Sokoman Minerals Corp. has provided the following results from the continuing western trend diamond drilling program at the 100-per-cent-owned Moosehead project. A total of 19 holes (1,325 m) were completed immediately before the Christmas break, with this release including assays for 13 holes, highlighted by the following:
- MH-24-649: 69.48 grams per tonne (g/t) gold (Au) over 4.85 metres (m), including 176.47 g/t Au over 1.90 m, from 41.60 m;
- MH-24-648: 40.89 g/t Au over 4.30 m, including 74.08 g/t Au over 2.35 m, from 47.20 m;
- MH-24-646: 26.72 g/t Au over 3.10 m, including 40.56 g/t Au over 1.90 m, from 28.30 m.
Assays are uncut with core lengths shown; the estimated true thickness is believed to be 80 to 90 per cent of the reported length. Assays are total pulp metallics from Eastern Analytical in Springdale, Nfld.
Timothy Froude, PGeo, president and chief executive officer, states: "This is a great way to start the year! We are incredibly pleased with the high grades, with visible gold (including abundant visible gold) in nine of 13 holes from the western trend. The success of the drilling was the result of using what we learned from the western trend trenching program last November, which included input from structural consultant Dr. David Coller, who mapped the trench. The western trend drilling is scheduled to resume on Jan. 27 with a minimum 10-hole program to further expand the high-grade mineralization in the trench, the site of the planned conventional (drill and blast) bulk sample. We are also in discussions with Novamera to finalize an agreement for a surgical bulk sample at the adjacent footwall splay utilizing their proprietary technology in Q3 2025, so it will be a pivotal and very busy 2025 at Moosehead."
The recent western trend drilling has tested 100 m of strike to 80 m downdip, with the zone remaining open. The remaining assays are expected in three to four weeks. The next phase of drilling will be mainly deeper holes targeting the high-grade plunge of the intersection point between the east-west-trending splay and the main north-trending vein system (downplunge from MH-24-648 and MH-24-649) to a depth of 165 m downplunge and 100 m vertically. This area is a key target as it is a location where rock preparation is ideal for gold deposition with the potential to be where there is dilation zone. The company will also be testing to the south of the trench (south of MH-24-646) to extend the strike to 145 m.
Qualified person (QP)
This news release has been reviewed and approved by Mr. Froude, who is a qualified person under National Instrument 43-101, and the president and CEO of Sokoman Minerals.
Analytical techniques, and quality assurance and quality control (QA/QC)
Samples, including duplicates, blanks and standards, are submitted to Eastern Analytical in Springdale, Nfld., for gold analysis. All core samples submitted for assay are saw cut by Sokoman personnel, with one-half submitted for assay and one-half retained for reference. Samples are delivered in sealed bags directly to the lab by Sokoman personnel. Eastern Analytical is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples with visible gold are submitted for total pulp metallics with a gravimetric finish. All other samples are analyzed by standard fire assay methods. Total pulp metallic analysis includes the entire sample being crushed to minus 10 mesh and then pulverized to 95 per cent to minus 150 mesh. The total sample is weighed and screened to 150 mesh; the plus-150-mesh fraction is fire assayed for gold and a 30-gram subsample of the minus-150-mesh fraction is fire assayed for gold, with a calculated weighted average of total gold in the sample reported as well. One blank and one industry-approved standard for every 20 samples submitted is included in the sample stream. Random duplicates of selected samples are analyzed in addition to the in-house standard and duplicate policies of Eastern Analytical. All reported assays are uncut.
About Sokoman Minerals Corp.
Sokoman Minerals is a discovery-oriented company and one of the largest landholders in the province of Newfoundland and Labrador, Canada's emerging gold district. The company's primary focus is its portfolio of gold projects: the 100-per-cent-owned flagship, advanced-stage Moosehead project; the Crippleback Lake project; and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The company entered a strategic alliance with Benton Resources Inc. through three, large-scale, joint venture properties, including Grey River, Golden Hope and Kepenkeck, in Newfoundland.
In October, 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc., a major developer of lithium projects and processing plants in the United States and exactly the right partner to have to advance the lithium project. For full details of the agreement, please refer to the company's press release dated Oct. 11, 2023.
Projects optioned with optionee fully vested are:
- The East Alder project optioned to Canterra Minerals Inc. (Sokoman retains shares of Canterra Minerals plus 1-per-cent net smelter return royalty);
- The Startrek project optioned to Thunder Gold Corp. (Sokoman retains shares of Thunder Gold plus 1-per-cent NSR royalty).
The company would like to thank the government of Newfoundland and Labrador for the financial support of the Moosehead and Fleur de Lys projects through the junior exploration assistance program during the past few years.