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Sokoman Minerals Corp.
Summary
| Project: | Moosehead | |
|---|---|---|
| Deposit: | Moosehead | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-11-2018: Sokoman Minerals Corp. announces an Exploration/Drilling Update report for its Moosehead deposit at the Moosehead project. Drilling results incl. 24.90m @ 33.56g/t Au from 133.05m. St. John's, Newfoundland--(Newsfile Corp. - November 16, 2018) | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Timothy Froude (Internal) | |
| ABSTRACT: | St. John's, Newfoundland--(Newsfile Corp. - November 16, 2018) - Sokoman Iron Corp. (TSXV: SIC) ('Sokoman' or 'the Company') is pleased to announce that it has received assay results for five of seven holes completed to date in the Eastern Trend, part of the Phase 2 drilling on the Moosehead Project, Central Newfoundland, and that diamond drilling is continuing with two drill rigs. Approximately 5,000 metres in 19 holes have been completed property wide thus far in Phase 2. Program highlights include Timothy Froude, P. Geo., President and CEO, states: "Early results from the Phase 2 drilling have expanded the extent of highgrade gold mineralization in the Eastern Trend, as well as discovering a potentially significant new zone of gold mineralization in MH-18-103, one km to the north of the Eastern Trend. The drill holes have also demonstrated that the orientation of the structure hosting the Eastern Trend mineralization is different than initially thought, and that future drill testing of the Eastern Trend would be more effectively completed during the winter from the ice on North Pond. This will result in shorter drill holes required to intersect and define the lateral extent of the Eastern zone, than drilling from the west of North Pond. Moosehead is a complex system and we are learning with every hole. Rig #2 has made a potentially significant discovery in MH-18-103, located approximately 1 km to the north that requires further testing in an area with little previous drilling." A total of 2,493 metres in seven holes, MH-18-16 to 22, have been completed in the Eastern Trend by Rig #1 following up on results from drill hole MH-18-01 that returned 11.90 m grading 44.96 g/t Au (Sokoman Iron News Release July 24, 2018). Two step-out holes (MH-18-17 and MH-18-20), drilled 15 and 30 metres respectively to the north of MH-18-01 (see plan attached), intersected multiple zones of visible gold bearing quartz veins hosted in altered and mineralized sediments highlighted by MH18-17 that returned a core length of 24.90 m grading 33.56 g/t Au. Drill holes MH-18-16, and 18 and 19 on the Eastern trend gave weak to moderate gold values over variable core lengths (see Table) with additional assays pending from hole 20. No drilling has yet been carried out to the south of MH-18-01, but holes are planned in the coming weeks. | |
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