Sokoman Minerals Updates Moosehead Gold Project, Central Newfoundland

Metallic pulp assays from winter 2024 drilling program, MOU with Novamera Inc.

ST. JOHN'S, NL / ACCESSWIRE / May 23, 2024 / Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ("Sokoman" or the "Company") is pleased to report metallic pulp gold assay results from winter drilling at the 552 Zone, as well as assays from a section of the Footwall Splay. These drill holes were targeted as a possible bulk sample location, linked to the recently signed Memorandum of Understanding (MOU) with Novamera Inc. ("Novamera"). The MOU is focused on modeling the near-surface portion of the Footwall Splay Zone for a possible bulk sample using Novamera's proprietary drilling and bulk sampling technology.

Foto: Accesswire

Footwall Splay

Drilling confirmed strong, near-surface gold values, including 10.25 m at 84.69 g/t Au from 53.90 m downhole in MH-23-166A, in the down-plunge portion of the Zone.

Highlight Drill Results - Moosehead Project - Footwall Splay / 552 Zone

Foto: Accesswire

*Core length - true widths are estimated to be approximately 90% of the core length

552 Zone

Ten drill holes gave mixed results although most intersected the 552 structure. The highest grades were in quartz veining - MH-24-588 - 2.20 m / 6.07 g/t Au at 57.75 m downhole and 2.75 m at 5.94 g/t Au at 100.85 m downhole, with the second intersection the first visible gold (VG) found in deformed mafic volcanics on the property (see the section for the location of the new vein in proximity to the previously modeled 552 vein). The intersection in the volcanics highlights additional prospective areas in the easternmost, underexplored, portion of the Moosehead property. The 552 zone carries VG-bearing quartz veins on both the east and west margins. Drilling will continue after the spring break up in approximately three to four weeks.

Foto: Accesswire

Novamera Inc.

Novamera's guidance tool provides a high-resolution 3-D model of the quartz veins by detecting veins up to 4 m off hole in all directions. As part of the initial setup process, Novamera requested the drilling of two holes (MH-23-166A and B) from an area of the Footwall Splay, which was surveyed by Novamera to calibrate their guidance tool. The holes were drilled proximal to MH-23-166, selected as the test area based on a high-grade intersection at the bedrock surface - 5.10 m of 15.51 g/t Au at 9 m downhole). Novamera used the two new holes and the original hole for calibration. A mineralization model, being developed, will include surveying of additional holes later this spring.