Sokoman Minerals Reports High-Grade Gold Assays Fleur de Lys Gold Project - North-Central Newfoundland

Prospecting grab samples give values up to 13.96 g/t Au

ST. JOHN'S, NL / ACCESSWIRE / August 2, 2023 / Sokoman MineralsCorp. (TSXV:SIC)(OTCQB:SICNF) (the "Company" or "Sokoman") is pleased to announce that a two-day scouting trip to Fleur de Lys has located the highest-grade rock sample values since staking the property in 2020. Grab sampling in an area that gave values up to 3.2 g/t Au in 1987 has not only verified the original showing but returned substantially higher grades, including the highest-grade value located by Sokoman - 13.96 g/t Au, from a 1- to 2-metre-wide shear zone with stringer quartz veining and 20-30% pyrite with minor arsenopyrite. Five rock samples were collected at random intervals along a 15-20 m section along an old logging road. Four samples of mineralized shear gave 13.96, 5.89, 2.55, and 1.46 g/t Au using metallic sieve gold analysis. A fifth sample of unmineralized wall-rock, gave 20 ppb Au. Of significance is that almost all of the gold was from the -150 mesh size fraction, suggesting very fine-grained gold similar to that at the Curraghinalt deposit in Northern Ireland.

The closest till sample line is located 2 km down-ice and along the structural trend, and has three consecutive samples with 51, 23, and 8 gold grains respectively. This mineralized zone is a prime exploration target for prospecting follow-up this month. Exploration will consist of detailed prospecting with some soil geochemistry in areas with the highest gold-grain counts. The exploration is expected to take three to four weeks to complete.

Tim Froude, President and CEO of Sokoman, commented: "We see strong similarities to Curraghinalt in Northern Ireland, where the gold occurs as fine inclusions in pyrite and in quartz veins hosted in shear zones without much alteration or gold in the wall-rock. These new results give us an additional target for follow up although the main focus will be on a cluster of gold-in-till anomalies in the northeastern part of the property, 20 to 30 km to the northeast of the recently discovered gold values, highlighting the broad, widespread gold potential at Fleur de Lys."

Company geologists and prospectors recently toured gold systems in Dalradian / Caledonian rocks in Northern Ireland, which are equivalent to the Appalachian, Fleur de Lys Supergroup rocks, including mineralization in and around the world-class Curraghinalt gold deposit. Curraghinalt is host to >6 million ounces of NI 43-101 compliant* gold resources in 20+, discrete quartz veins ranging from tens of centimeters to more than 1.5 m in thickness. The veins have strike lengths in excess of 1.8 km and have been intersected in drill holes to 1,000 m vertically with the resources calculated by SRK Consulting (Canada) in 2018 to a 400 m depth. Curraghinalt, which remains open at depth, is the largest gold deposit in the Appalachian-Caledonian Orogen.