Sokoman Minerals Corp. (Seite 19)

[KMST]

St. John €™s, Newfoundland (FSCwire) - Sokoman Iron Corp. (‘Sokoman’ or ‘the Company’) (TSX-V: SIC) is pleased to announce that it has received assay results from the remaining 12 holes completed at the Moosehead Project in Central Newfoundland, with holes MH-18-07 and MH-18-08 intersecting near surface, high-grade visible gold veins highlighted by MH-18-08 intersecting two vein zones assaying 1.05 m @ 207.51 g/t Au from 8.50 m downhole, and 2.28 m @ 42.36 g/t Au from 33.07 m downhole.

Diamond drill holes MH-18-04 to MH-18-13 focused on the Western Trend (see attached drill plan) approximately 250 m west of the Eastern Trend. Eight of the 15 holes completed in Phase 1 reported visible gold-bearing quartz vein zones. Highlights of the remaining holes are shown in the following table, and a more detailed set of results can be found at the end of this news release including additional intercepts in MH-18-01.

DDH #


Total Depth


Target


From (m)


To (m)


Core Length (m)


Au (g/t)


Visible Gold

MH-18-04


103.00 m


Western Trend


49.85


53.25


3.40


2.60


Y


incl


51.82


53.00


1.18


5.06



MH-18-05


78.50 m


Western Trend


47.35


48.50


1.15


3.13


Y


incl


47.35


47.70


0.35


9.73


Y


MH-18-06


100.00 m


Western Trend


43.00


47.50


4.50


3.50



incl


43.00


44.00


1.00


10.62



MH-18-07


76.00 m


Western Trend


7.00


9.25


2.25


6.19


Y


incl


7.50


8.70


1.20


10.00



18.20


24.05


5.85


2.79


Y


incl


18.20


19.00


0.80


14.66



MH-18-08


103.00 m


Western Trend


8.50


9.55


1.05


207.51


Y


incl


9.05


9.20


0.15


1,435.58


Y


33.07


35.35


2.28


42.36


Y


incl


33.07


33.62


0.55


131.65


Y


MH-18-13


247.00 m


Western Trend


65.20


66.65


1.45


8.94


Y


incl


65.20


65.50


0.30


37.33


Y

Note: Core length intercepts reported are 50 to 90% of true thickness.

Timothy Froude, P. Geo., President and CEO, states: “Results from Phase 1 have surpassed our expectations and have given us great cause to be optimistic about the future. The recent financing has provided us with the opportunity to thoroughly evaluate the Moosehead property and to unlock its full potential. Like many structurally controlled gold deposits, this will entail a lot of drilling - likely, closely spaced. Phase 2 will focus on the Eastern Trend’s high-grade mineralization intersected in MH-18-01, and continue to build on open-ended zones of mineralization in the Western Trend as well as other areas of the property.

The results confirm and expand on historical results from the Western Trend area and are highlighted by holes MH-18-07 and MH-18-08 (collared 40 metres apart) which intersected high-grade (visible gold bearing) veins at or less than 1 metre vertically from the bedrock contact immediately below the overburden. MH-18-07 intersected mineralized quartz 1.00 metres down hole and MH-18-08 cut a mineralized quartz vein zone at a downhole depth of 1.05 metres. Both near surface veins are believed to be new veins, and both holes also intersected additional mineralized veins at shallow depths (15 to 25 metres vertically) that extend mineralization intersected in previously released holes MH-18-02 and MH-18-03 by 50 metres to the west and the mineralization remains open. MH-18-13, drilled 50 metres on section northeast of (beneath) MH-18-08, successfully extended the high-grade structure by 50 metres to the north, down dip of the high-grade intercept (2.28m @ 42.36 g/t Au core length) in MH-18-08. The current program did not test the zone any further to the west.

Drill hole MH-18-14 was collared to test for a possible southwest trend to historical hole MH-02-38 which reported 2.02 m @ 111 g/t Au (not verified by Sokoman), the hole did intersect a weakly mineralized structure not believed to be the same structure intersected by the historical hole. The Company is planning additional drilling in the vicinity of MH-02-38 based on knowledge gained from MH-18-14. MH-18-15 was a reconnaissance hole drilled to test a historical soil geochemical anomaly approximately 450 metres north of the Eastern Trend. The hole did intersect a weakly mineralized fault zone, but no significant results were obtained.

The Company has also received the results of the televiewer survey completed on selected holes from the Phase 1 Program, specifically MH-18-01, 02, 04 and 08. The results are being compiled and matched with the drill logs and will help formulate the next Phase of drilling expected to commence on or about October 1, 2018, pending receipt of all necessary permits. Sokoman will be seeking quotes for up to 10,000 metres of drilling in the coming days and expect site preparations to begin sometime after mid-September. The Company will provide a further update at that time.

QA/QC

A total of 495 samples, including duplicates, blanks and standards, have been submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for gold and ICP analysis. Samples suspected of carrying visible gold were submitted for total pulp metallics and gravimetric finish. All other samples were analyzed by standard fire assay methods. Eastern Analytical is an accredited assay lab that conforms to requirements of ISO/IEC 17025. Total pulp metallic analysis is a result of a whole sample being crushed to -10 mesh and pulverized to 95% -150 mesh. The total sample is then weighed and screened 150 mesh. The +150 mesh fraction is fire assayed for Au, and a 30 g subsample of the -150 mesh fraction is fire assayed for Au. A calculated weighted average of total Au in the sample is reported as well. The Company included in the sample stream one blank and one industry approved standard for every ten samples submitted, as well as random duplicates of selected samples. This is in addition to the in-house standard and duplicate policy of Eastern Analytical.

Diamond drilling was carried out by Springdale Forest Resources, who provided superior drilling services while maintaining a stringent environmental policy. The Company would also like to thank the Government of Newfoundland and Labrador for approving the Moosehead Program for 2018 JEA Funding.

[Ti-el]

Moosehead + Sprott wird noch zur Zauberformel

Der neue Nachbar von Sokoman Iron ist damit auch schon gut gefahren

RJK Exploration To Acquire The Moosehead Gold District Project
"Strategically Located Adjacent
to and On-Trend with Sokoman Iron"
http://www.rjkexplorations.com/2018/08/07/rjk-exploration-ac…

RJK Explorations 20-million-share private placement
Insiders: 2176423 Ontario Ltd. (Eric Sprott), five million; Palisade Global Investments Ltd. (Collin Kettell), 4.7 million
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aRJX-2650…

Es riecht erst einmal nach einem Area Play
aber man wird sehen

Im Chart sah der Zauber dann so aus:

Einfaches Einfügen von wallstreetONLINE Charts: So funktionierts.

Zum Vergleich Sokoman Iron:

Einfaches Einfügen von wallstreetONLINE Charts: So funktionierts.

[Depotmanager04]

Metals Creek receives first option payment from Sokoman

2018-08-23 09:14 ET - News Release

https://www.stockwatch.com/News/Item.aspx?bid=Z-C:MEK-264999…

[Depotmanager04]

mal so nebenbei (wem es interessiert):

Metals Creek Resources Corp. Receives First Anniversary Option Payment From Sokoman Iron Corp On Clarks Brook Gold Property, Central Newfoundland

$10,000 Cash and 750,000 Sokoman Iron Corp. common shares

Toronto, Ontario--(Newsfile Corp. - August 23, 2018) - Metals Creek Resources Corp. (TSXV: MEK) (Metals Creek) is pleased to announce that they have received the first anniversary payment of $10,000 cash and 750,000 Sokoman Iron Corp. (TSXV: SIC) (Sokoman) common shares for the Clarks Brook Option in central Newfoundland.

To earn an initial 75% interest, Sokoman must make cash payments of $45,000 over three years, issue a total of 3,000,000 Sokoman common shares over three years and incur work expenditures of $800,000 over three years. Sokoman will be the operator during the earn-in period. Once a 75% interest is earned by Sokoman, either a 75/25 joint venture will be formed, or Sokoman may elect to earn an additional 25% interest to bring its total property interest to 100%. The terms to increase its interest from 75% to 100% include payments of $100,000 and the issuance of an additional 2,000,000 Sokoman shares within 60 days of the 3rd anniversary date. Metals Creek would retain a 2% NSR.

The Clarks Brook prospect was staked by Metals Creek after a review of past work completed on the property and an initial prospecting/sampling program. The gold mineralization outlined at Clarks Brook was initially discovered by Altius Minerals Corporation in 2004. This discovery is described as angular float up to 3 meters in diameter and characterized as a silicified fine grained sedimentary rock with significant disseminated pyrite/arsenopyrite. Historic assays ranged from 2.98 g/t to 24.5 g/t gold. In 2009, Altius also completed an Induced Polarization (IP) and ground magnetics geophysical survey that outlined several targets but no drilling was carried out.

Subsequent field work by the vendor (MEK) resulted in the discovery in bedrock of similar style mineralization and returned a grab sample assay of 19.24 g/t gold. In addition, thirteen (13) of the large angular blocks were sampled and yielded assays ranging from 0.24 g/t to 10.4 g/t gold. (see MEK press release 26 July 2016)

Since optioning the property in August 2017, Sokoman have performed two phases of drilling. Sokoman reported that all holes in the Phase Two program intersected the targeted siltstone hosted gold mineralization and also discovered a new second parallel zone, which returned the highest grades of the program. Diamond drill hole CB-18-5 intersected bleached and locally clay altered conglomerate cut by a network of narrow pyritic quartz veinlets that returned 3.74 g/t gold over 3.10 meters, including 14.73 g/t gold over 0.60 meters. This is the first time that gold mineralization has been observed in conglomeratic units and the previous holes may not have reached this target. The conglomerate-hosted zone is interpreted to be approximately 100 meters east of, and across strike from, the discovery zone intersected in the 2017 drilling. (see SIC news release dated 05 April, 2018).

Wayne Reid, P.Geo and a qualified person (QP) as defined in National Instrument 43-101, is responsible for the information forming the basis for this release.

About Metals Creek Resources Corp.

Metals Creek Resources Corp. is a junior exploration company incorporated under the laws of the Province of Ontario, is a reporting issuer in Alberta, British Columbia and Ontario, and has its common shares listed for trading on the Exchange under the symbol "MEK". Metals Creek has earned a 50% interest in the Ogden Gold Property, including the former Naybob Gold mine, located 6 km south of Timmins, Ontario and has a 8 km strike length of the prolific Porcupine-Destor Fault (P-DF) that stretches between Timmins, Ontario and Val d'Or, Quebec. Metals Creek also has an option agreement with Quadro Resources on Metals Creeks and Benton Resources Staghorn Gold Project in Newfoundland as well as two option agreements with Anaconda Mining Inc. on Metals Creek's Jacksons Arm and Tilt Cove Properties also in Newfoundland. The company also has an agreement on its Clarks Brook property with Sokoman Iron Corp. and is engaged in the identification, acquisition, exploration and development of other mineral resource properties, and presently has mining interests in Ontario, Yukon and Newfoundland and Labrador. Additional information concerning the Corporation is contained in documents filed by the Corporation with securities regulators, available under its profile at www.sedar.com.

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

For further information, please contact:

Alexander (Sandy) Stares, President and CEO
Metals Creek Resources Corp
telephone: [phone]
fax: [phone]
email: [e-mail]

WWW.metalscreek.com

[Depotmanager04]

Antwort auf Beitrag Nr.: 58.463.233 von KMST am 16.08.18 13:58:58

Zumindest hat man ja eine "Super"-Ader gefunden. Ob sich diese fortsetzt werden wir erfahren. Ich lese gerade auf der hompage, daß Froude Interim Director ist - sucht man also noch?

Hier mal das Management:

https://www.reuters.com/finance/stocks/company-officers/SIC.…

Ob da das geballte Wissen hinter steckt?

[Depotmanager04]

Antwort auf Beitrag Nr.: 58.463.233 von KMST am 16.08.18 13:58:58

Das Management verdient immer, danach kommt mit Abstand erst die Manschhaft. Wir haben da keinen Einfluß. Ich hoffe nur, daß es demnächst (sehr) gute Bohrerbenisse gibt und es der Kurs honoriert.

[KMST]

ja natürlich aber nach ernsthaften verhandlungen hätte die hälfte der shares auch gereicht und man hätte mehr geld bekommen. man hätte auch die hälfte als flow trough machen können und dafür sind üblicherweise prämien zum kurs drin.

hier hat man sich einfach für herrn sprott richtig tief gebückt.

[Depotmanager04]

Antwort auf Beitrag Nr.: 58.463.089 von KMST am 16.08.18 13:46:15

Das stimmt; aber irgendwie muß es ja weitergehen mit den Bohrungen...

[KMST]

das pp war viel zu billig...und die fetten werden immer fetter.

[Depotmanager04]

Antwort auf Beitrag Nr.: 58.449.364 von Depotmanager04 am 15.08.18 07:42:53

hier noch einmal:

Sokoman Iron Corp. Closes $3 Million Non-Brokered Private Placement

Published: Aug 15, 2018 8:43 a.m. ET

https://www.marketwatch.com/press-release/sokoman-iron-corp-…