Sokoman Announces Additional High-Grade Results from the Moosehead Project, Central Newfoundland
Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) is pleased to announce that ongoing Phase 6 drilling at the 100%-owned Moosehead Property has intersected additional near-surface, high-grade gold mineralization at the Footwall Splay/Eastern Trend. Initial results from South Pond confirm two discreet zones with a higher-grade shoot, and an additional zone of mineralization has been intersected in MH-20-115, drilled in the Eastern Trend Main Zone.
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Visible Gold from MH-21-165 at 80 m (Footwall Splay) – the scale shows 1 cm (from 3-4) (Photo: Business Wire)
Footwall Splay/Eastern Trend
MH-21-165 – 4.10 m of 21.61 g/t Au, including 2.10 m of 41.39 g/t Au from 79.70 m downhole
MH-21-164 – 4.05 m of 22.62 g/t Au, including 20.95 m of 5.15 g/t Au from 79.95 m downhole
Drilling continues to demonstrate consistency in vein location and average grade at the Footwall Splay/Eastern Trend. Eight holes tested in the zones prior to the spring break-up, with multiple high-grade intersections returned as summarized in the appended Table of Results. An aggressive land-based program will commence immediately with an estimated 5,000 metres expected to be drilled to expand the zones and lay the groundwork for the barge-based program on North Pond scheduled to start later this summer.
The Footwall Splay is a north-south striking, shallow east-dipping zone, lying less than 50 m below surface that appears to be an offshoot of the Eastern Trend Main Zone. At Fosterville in Australia, offsets or splays off the main structures, such as the Swan Zone, carry high-grade gold mineralization. The Footwall Splay has been intersected in 14 holes over a strike length of 130 m, a minimum width of 25 m, and at least 2.5 m in thickness. Given the location of the zone, a barge-based program is the most effective way to test the targets and permitting is in progress to facilitate the program.
Additional sampling in MH-20-115 has resulted in a third zone of gold mineralization, approximately 50 m below the previously released results of 8.10 m of 68.25 g/t Au from 111.20 m downhole. The new intersection includes 10.40 m of 3.09 g/t Au, including 3.60 m of 5.69 g/t Au and 0.70 m of 14.09 g/t Au. While visible gold (“VG”) was not noted, the zone carries typical Moosehead sulphide mineralization of boulangerite and sphalerite, and it is believed to be the down-plunge extension of the Eastern Trend Main Zone.