Sokoman Minerals Corp. Resumes Phase 6 Drill Program At Moosehead Gold Project, Central Newfoundland
January 19, 2021 at 03:14 pm
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Sokoman Minerals Corp. announced that drilling operations have re-started with the first of two rigs at the high-grade Moosehead Gold Project in central Newfoundland. Initially the focus will be on further defining and expanding on areas of high-grade gold mineralization in the northern portion of the Eastern Trend, proximal to historical hole MH-02-38 that intersected a broad zone of gold mineralization from 76.38 m to 88.22 m, highlighted by a 2.02 m intercept grading 111.96 g/t Au from 83.82 m downhole. MH-02-38 lies approximately 300 m north of MH-20-115 that returned two zones of high-grade gold including 4.60 m @ 47.20 g/t Au, now known as the Footwall Splay,
as well as a slightly deeper intersection from the Main Eastern Trend that returned 8.10 m @ 68.25 g/t Au (November 19, 2020 NR). Modelling suggests that the intersection in MH-02-38 could represent a splay off the main Eastern Trend similar to the upper intersection in MH-20-115. The rig will be coring HQ size core (63.5 mm diameter core versus 47.6 mm for NQ core) to maximize capture of free gold in the high-grade vein zones. Rig 2 is expected to be mobilized in the first week of February and will focus on exploration targets generated by till and magnetic surveys completed in 2020. To date in the Phase 6 drill program, Sokoman has logged and sampled 22 holes totaling 6,650 m. The Phase 6 drilling has given excellent results including MH-20-115 that returned two discreet, high- grade zones including the newly recognized Footwall Splay of 4.60 m @ 47.20 g/t Au, as well as a
slightly deeper intersection in the Main Eastern Trend that returned 8.10 m @ 68.25 g/t Au (November 19, 2020 NR). Drilling at South Pond, 240 m south of the Western Trend, returned high-grade results (December 17, 2020 NR) of 5.0 m @ 26.88 g/t Au, including 2.15 m @ 60.59 g/t Au. The intersection in MH- 20-123 is the in-situ source of the high-grade boulder cluster reported in July 2020 that averaged 36 g/t Au, indicating that the system comes to surface. These intersections, and many other previously reported, are similar in style and grade to the world-class Fosterville Mine in Victoria, Australia, and establish Moosehead as a Fosterville lookalike, fully supported by geological and structural criteria.
Sokoman Minerals Corp. is a Canada-based exploration-stage company, which is focused on identifying, acquiring, and exploring mineral interests. The Companyâs projects include Moosehead, Crippleback, East Alder, Iron Horse, Grey River Gold, Kepenkeck Gold, Golden Hope-Kraken Pegmatite and Fleur de Lys. Moosehead Gold Property consists of 98 claims. The Crippleback is located in north-central Newfoundland. East Alder consists of 30 claims. The Iron Horse project is located approximately 120 km northeast of Labrador City, Labrador. The Fleur de Lys Project comprises over 1,891 claims (47,275 hectares) on the Baie Verte Peninsula of Newfoundland. The Grey River property in southern Newfoundland, consists of 324 claims (8,100 ha) in seven licenses, centered on the community of Grey River. The Golden Hope property is a 3,176-claim (79,400 hectares (ha)) 18 licenses, and is located in southwestern Newfoundland. The Kepenkeck Gold property (595 claims) in east-central Newfoundland.