Sokoman Minerals Drilling Update - Moosehead Gold Project, Central Newfoundland - Seite 2

Results include three holes in the Eastern Trend footwall, testing for near surface mineralization in the same orientation as the vein set in the deeper 463 Zone. The 463 Zone returned an earlier intercept of 39.60 m grading 12.50 g/t Au, including 10.5 m @ 41.97 g/t Au (see December 15, 2022 press release). The best results, from MH-23-548, gave 4.89 g/t Au over 3.55 m from 185.75 m downhole (see Table 1 below) ~250 m NW of, and 150 m vertically above, the 463 Zone with a second zone intersected in DDH 548, giving 0.95 g/t Au over 4.20 m. Drilling will continue to test the footwall environment which remains very prospective for additional gold-bearing structures.

Table 1 - Assay Results

Foto: Accesswire

*Core length - true widths are estimated to be approximately half the core length

Plan view of recent drilling

Foto: Accesswire

Reconnaissance holes MH-23-547, 549, 550, and 554 were drilled to test IP targets. Hole MH-23-555 was a 100 m step-out testing the down-plunge projection of the Eastern Trend to the north. There are several zones of deformation in the hole with the strongest structure occurring from 586.4 m - 592.7 m. Here strongly deformed and broken quartz veins and vein fragments occur within a pyritized and broken, light-grey sediment. A second zone of weak deformation occurs from 464.4 m - 475.8 m with upwards of 20% stockwork and stylolitic textured quartz veins. This zone contains anomalous gold with occasional traces of pyrite, sphalerite, and arsenopyrite with a best assay of 0.93 g/t Au over 0.40 m. The presence of multiple structures with mineralogy similar to high-grade zones elsewhere on the property is significant, additional drilling will be recommended for this area.

QP

This news release has been reviewed and approved by Timothy Froude, P.Geo., a "Qualified Person" under National Instrument 43-101 and President and CEO of Sokoman Minerals Corp.

Analytical Techniques / QA/QC

Samples, including duplicates, blanks, and standards, were submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for gold analysis. All core samples submitted for assay were saw cut by Sokoman personnel with one-half submitted for assay and one-half retained for reference. Samples were delivered in sealed bags directly to the lab by Sokoman personnel. Eastern Analytical Ltd. is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples with visible gold were submitted for total pulp metallics and gravimetric finish. All other samples were analyzed by standard fire assay methods. Total pulp metallic analysis includes the whole sample being crushed to -10 mesh, and then pulverized to 95% -150 mesh. The total sample is weighed and screened to 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; with a calculated weighted average of total Au in the sample reported as well. One blank and one industry-approved standard for every twenty 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 Ltd. All reported assays are uncut.