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Sokoman Minerals Update on Moosehead Gold Project in Central Newfoundland

Mining News - Published on Wed, 01 Apr 2020

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Sokoman Minerals Corp has provided an update on its winter exploration program at the Moosehead Gold project. The Company has completed the minimum 3,000 m commitment for the Phase 5 drilling and has ceased field operations for the spring break-up period. The Phase 5 program consisted of 13 drill holes totaling 3,229 metres. All holes reached their target depths except one land-based hole which was abandoned at 45 metres due to excessive deviation.

Seven holes were drilled from the ice on North Pond testing the extension of the upper, high-grade, shoots of the Eastern Trend. Visible gold bearing quartz veins and mineralized host rock were intersected on all four sections over core intervals ranging from less than a metre to approximately 8.0 metres (true thickness estimated at 75-90% of core intervals). The two discrete mineralized zones that were discovered during the 2019 ice program were intersected in the current program as well. They remain shallow - generally between 30-70 m vertical with visible gold on both structures. The current program has extended the Eastern Trend an additional 100 m to the north where it remains open. Core logging is not complete and the core intervals noted are subject to revision.

Land based drilling of the Eastern Trend focused on evaluating gold mineralization in the deepest mineralized shoot identified to date, at approximately 200 m vertical. Several holes were completed on the southern down-plunging portion of the shoot to infill a 75 metre gap between historical drill hole MH-03-15 (52.54 g/t Au / 2.34 m) and previously released Phase 4 drill hole MH-19-69a (18.10 g/t Au / 1.45 m including 82.17 g/t Au / 0.30 m). A single hole targeted the up-plunge portion of the lower shoot north of MH-19-62 (22.55g/t Au /7.20 m) and MH-20-81 (28.29 g/t Au/ 3.90 m). This shoot remains open both up-plunge to the north and down-plunge to the south and will be tested further in the next phase of drilling.

Due to the ongoing COVID-19 outbreak, core logging and sampling have temporarily been suspended and all staff have returned home. The Company has been informed by Eastern Analytical, the Springdale, NL-based laboratory providing analytical results, that work at the lab is continuing with a reduced workforce. As a result, there is no set timeline for the receipt, or release, of assay results from the drilling. Updated maps and sections will be posted once all logging and data entry have been completed.

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland & Labrador, Canada. The Company's primary focus is its portfolio of gold projects (Moosehead, Crippleback Lake and East Alder) in Central Newfoundland on the structural corridor hosting Marathon Gold's Valentine Lake project (with measured resources of 1.16 Moz. of gold at 2.18 g/t, indicated resources of 1.53 Moz. of gold at 1.66 g/t and inferred resources of 1.53 Moz. of gold at 1.77 g/t (Marathon Gold Website) 150 km southwest of the Company's high-grade Moosehead gold project. The Company also has a 100% interest in an early-stage antimony/gold project in Newfoundland recently optioned to White Metal Resources Inc. In Labrador, the Company has a 100% interest in the Iron Horse (Fe) project.

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Posted By : Rabi Wangkhem on Wed, 01 Apr 2020
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