Newsroom
Sokoman Announces Closing Of Non-Brokered Private Placement
St. John’s, NL, December 16, 2020 - Sokoman Minerals Corp. (‘Sokoman’ or ‘the Company’) (TSX.V: SIC) (OTCQB: SICNF) today announces that it has received approval from the TSX Venture Exchange to close its non-brokered private placement of flow-through shares (the “Private Placement”) announced on December 2, 2020.
The Company will issue 15,000,000 flow-through shares at a price of $0.20 per flow-through share for aggregate gross proceeds of $3,000,000. The flow-through shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).
In connection with the private placement, the Company will pay $164,397 in finders’ fees and will issue 764,550 broker warrants exercisable at $0.20 for 12 months from the date of issue, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four-month hold period.
Sokoman would like to thank all the participants and interested parties for the overwhelming support in this Private Placement. The proceeds of the financing will be directed towards advancing the Company’s flagship Moosehead Gold Project. Sokoman is continuing with its Phase 6 drill program at Moosehead and after taking a break for Christmas holidays, it will resume drilling in early 2021 with multiple high-priority targets yet to be tested. With the necessary funds in place, the Company plans on expanding the program beyond initially announced 10,000 m.
About Sokoman Minerals Corp.
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. Valentine Lake is reported to host estimated Proven and Probable Mineral Reserves of 1.87 Moz (41.05 Mt at 1.41 g/t Au), and Total Measured and Indicated Mineral Resources (inclusive of the Mineral Reserves) of 3.09 Moz (54.9 Mt at 1.75 g/t Au). Additional Inferred Mineral Resources are 0.96 Moz (16.77 Mt at 1.78 g/t Au). Reserves and resource totals for the Valentine Lake Project are taken from the Marathon Gold website, November 16, 2020.
The Company also has a 100% interest in an early-stage antimony/gold project in Newfoundland optioned to White Metal Resources Inc. In Labrador, the Company has a 100% interest in the Iron Horse (Fe) project.
Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the project through the Junior Exploration Assistance Program. Sokoman has been approved for funding for a portion of 2020 exploration activities.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Sokoman Files For Exchange Approval To Close Non-Brokered Private Placement
St. John’s, NL, December 14, 2020 - Sokoman Minerals Corp. (‘Sokoman’ or ‘the Company’) (TSX.V: SIC) (OTCQB: SICNF) today announces that it has filed documents with the TSX Venture Exchange seeking final approval for its non-brokered private placement of flow-through shares (the “Private Placement”) announced on December 2, 2020.
On receipt of all regulatory approvals, the Company will issue 15,000,000 flow-through shares at a price of $0.20 per flow-through share for aggregate gross proceeds of $3,000,000, including $48,500 taken by the insiders of the Company. The flow-through shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).
Upon receipt of regulatory approval and in connection with the private placement, the Company will pay $164,397 in finders’ fees and will issue 764,550 broker warrants exercisable at $0.20 for 12 months from the date of issue, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four-month hold period.
The proceeds of this financing will be directed towards advancing the Company’s flagship Moosehead Gold Project.
About Sokoman Minerals Corp.
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. Valentine Lake is reported to host estimated Proven and Probable Mineral Reserves of 1.87 Moz (41.05 Mt at 1.41 g/t Au), and Total Measured and Indicated Mineral Resources (inclusive of the Mineral Reserves) of 3.09 Moz (54.9 Mt at 1.75 g/t Au). Additional Inferred Mineral Resources are 0.96 Moz (16.77 Mt at 1.78 g/t Au). Reserves and resource totals for the Valentine Lake Project are taken from the Marathon Gold website, November 16, 2020.
The Company also has a 100% interest in an early-stage antimony/gold project in Newfoundland optioned to White Metal Resources Inc. In Labrador, the Company has a 100% interest in the Iron Horse (Fe) project.
Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the project through the Junior Exploration Assistance Program. Sokoman has been approved for funding for a portion of 2020 exploration activities.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Sokoman Minerals Announces Non-Brokered Flow-Through Private Placement
St. John’s, NL, December 2, 2020 - Sokoman Minerals Corp. (‘Sokoman’ or ‘the Company’) (TSX.V: SIC) (OTCQB: SICNF) today announces that, subject to all regulatory approvals, the Company intends to complete a non-brokered private placement of flow-through shares (the “Private Placement”). The Private Placement is expected to be filed with the Exchange on or around December 11, 2020.
Sokoman intends to issue flow-through shares at a price of $0.20 per flow-through share for gross proceeds of up to $2,000,000. The flow-through shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).
In connection with the Private Placement, the Company will pay finders’ fees of 6% cash and 6% broker warrants, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the Private Placement will be subject to a four month and one day hold period.
The proceeds of this financing will be directed towards advancing the Company’s flagship Moosehead Gold Project.
“With approximately 6,000 m of a proposed 10,000 m Phase 6 completed and with excellent results so far, including MH-20-115 returning 4.60 m at 47.2 g/t Au and 8.1 m at 68.7 g/t Au (November 17, 2020 News Release), we are tapping into seasonal flow-through funds available now to ensure we have the flexibility to expand our current Phase 6 program this winter. We still have numerous high-priority targets to be tested and it is becoming clear that 10,000 m will not be enough to test all key targets. We expect to be drilling well into 2021, quite possibly until spring breakup,” said Tim Froude, Sokoman’s President & CEO.
About Sokoman Minerals Corp.
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. Valentine Lake is reported to host estimated Proven and Probable Mineral Reserves of 1.87 Moz (41.05 Mt at 1.41 g/t Au), and Total Measured and Indicated Mineral Resources (inclusive of the Mineral Reserves) of 3.09 Moz (54.9 Mt at 1.75 g/t Au). Additional Inferred Mineral Resources are 0.96 Moz (16.77 Mt at 1.78 g/t Au). Reserves and resource totals for the Valentine Lake Project are taken from the Marathon Gold website, November 16, 2020.
The Company also has a 100% interest in an early-stage antimony/gold project in Newfoundland optioned to White Metal Resources Inc. In Labrador, the Company has a 100% interest in the Iron Horse (Fe) project.
Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the project through the Junior Exploration Assistance Program. Sokoman has been approved for funding for a portion of 2020 exploration activities.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Sokoman Minerals Announces Stock Option Grant
St. John’s, NL, November 27, 2020 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) today announces a stock option grant to officers, directors, employees and consultants of the Company, subject to TSX Venture Exchange approval, for up to a total of 3,000,000 common shares of the Company. These stock options are exercisable at CDN $0.22 per stock option, which represents a 30% premium to a current share price.
About Sokoman Minerals Corp.
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. Valentine Lake is reported to host estimated Proven and Probable Mineral Reserves of 1.87 Moz (41.05 Mt at 1.41 g/t Au), and Total Measured and Indicated Mineral Resources (inclusive of the Mineral Reserves) of 3.09 Moz (54.9 Mt at 1.75 g/t Au). Additional Inferred Mineral Resources are 0.96 Moz (16.77 Mt at 1.78 g/t Au). Reserves and resource totals for the Valentine Lake Project are taken from the Marathon Gold website, November 16, 2020.
The Company also has a 100% interest in an early-stage antimony/gold project in Newfoundland optioned to White Metal Resources Inc. In Labrador, the Company has a 100% interest in the Iron Horse (Fe) project.
Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the project through the Junior Exploration Assistance Program. Sokoman has been approved for funding for a portion of 2020 exploration activities.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward- looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Sokoman Minerals Cuts Two High-Grade Intervals At Eastern Trend, Moosehead Project, Central Newfoundland: 4.6 M At 47.2 G/T Au And 8.1 M At 68.7 G/T Au
Near-Surface, High-Grade Splay Identified at Eastern Trend
St. John’s, NL, November 19, 2020 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) is pleased to announce that ongoing drilling at the Moosehead Project has returned high-grade gold in a near-surface, newly recognized splay off of the main Eastern Trend. Drill holes MH-20-115 and MH-20-116 were collared to the south of discovery hole MH-18-01, as part of the Company’s 10,000-metre Phase 6 program.
Rush assay results (metallics) from MH-20-115 returned two intersections* as follows:
upper interval of 47.20 g/t Au over 4.60 m from 64.00 m downhole
lower interval of 68.70 g/t Au over 8.10 m from 111.20 m downhole
*reported lengths are core lengths and are believed to be 60 to 70% true thickness
Rush assays for MH-20-116, located 10 m further south of MH-20-115, also intersected 2 zones, including an upper interval of 11.85 g/t Au over 1.80 m from 54.50 m downhole, and a lower interval of 2.94 g/t Au over 4.30 m, including 7.57 g/t Au over 1.25 m, from 183.80 m downhole.
Tim Froude, President and CEO of Sokoman, says: “The drill results continue to demonstrate the high-grade nature of the gold mineralization at the Moosehead Project. They also reinforce the importance of tighter drill hole spacing in these Fosterville style gold systems which provide key insights into high-grade gold variability and orientation. The Phase 6 program is continuing with one drill due to limited equipment availability given the high level of exploration in the province. As a result, we will be testing high-priority targets defined by till and magnetic surveys while we wait for all the pending assay results. We expect the drilling to continue into 2021, since several targets require winter conditions to allow access and we are also applying for permits for ice-based drilling in the winter.”
The upper intervals in MH-20-115 and 116 are interpreted to occur in a footwall splay off of the upper levels of the main Eastern Trend and correlate with an intercept in MH-18-01 (located ten metres to the north) that assayed 7.11 g/t Au over 1.25 m. MH-18-01 also included a higher-grade subinterval of a visible gold bearing quartz vein that assayed 35.04 g/t Au over 0.25 m. The splay is modelled as a northwesterly trending structure with a shallow 30-degree dip to the north. The location of the splay merger with the north trending Eastern Trend could influence and focus high-grade gold in this area.
The splay is open to the south and west, and due to its orientation was not targeted in earlier drilling campaigns. Further modelling of these intercepts will take place before additional drilling is proposed for this highly prospective area. Similar high-grade splays are associated with the high-grade Swan Zone at the Fosterville gold mine in Australia.
The lower intersections in MH-20-115 and 116 extend the Eastern Trend Main zone at least 20 m to the south (remains open), which includes the MH-18-01 intercept of 11.90 m grading 44.96 g/t Au among others. The mineralization in MH-20-115 and 116 is consistent with earlier intersections in the Eastern Trend and characterized by moderate to strong stylolitic quartz veining similar to the Fosterville deposit in Australia. The strong association with antimony sulphides, mainly boulangerite, represents an additional similarity to Fosterville. (see photos here)
Phase 6 Drilling Program
A total of 4,009 metres in 15 holes has been completed testing target areas including three holes in the Western Trend (MH-20-111, 113 and 114) and 12 holes in the Eastern Trend. Drilling in the Western Trend focused on testing deeper portions of the zone and all three holes intersected structures with variable quartz veining with disseminated pyrite and arsenopyrite. To date, only MH-20-114 has been sampled and assays are pending; the other two holes, MH-20-111 and 113, are in various stages of logging and sampling.
Drilling on the Eastern Trend has involved a combination of deeper, 50-100-m spaced holes testing below the 200-metre vertical level at the north end with shallow targets in the southern portion, where only a single shallow hole (MH-20-122) has tested the zone. This drilling also includes the lower intersections in MH-20-115 and 116 as discussed above.
Mineralized shears and faults were encountered in all holes as expected, with detailed logging and sampling underway. Holes MH-20-112 and 120 intersected structures with quartz/sulphide veins with specks of visible gold in veins 30 to 50 cm wide in the main Eastern Trend shear zone. Numerous wide intervals (10-30 metres) of shearing with variable amounts of quartz veining with locally 1-3% pyrite and arsenopyrite were encountered in the deeper testing of the Eastern Trend, specifically holes MH-20-99 and 100. While not returning high grades, the holes did hit some of the thickest intersections of mineralized and altered rocks to date and suggest the zone continues to depth and will receive deeper testing later in the program. Several holes remain to be logged and sampled with assays pending for multiple holes except those in the accompanying table. Select intervals from holes with visible gold noted are being prioritized for rush analysis.
About Moosehead Gold Project
The 100%-owned Moosehead Gold Project is located along the Trans-Canada Highway in North Central Newfoundland, on the same structural trend as the advanced Valentine Lake Project (Marathon Gold), and adjacent to New Found Gold’s Queensway Project. Both the Moosehead and Queensway projects are targeting high-grade, turbidite hosted, Fosterville-type gold mineralization.
The mineralization has been defined over a 500 m strike length and a 200 m vertical height and remains open, with high-grade drill results including 5.10 m of 124.20 g/t Au (as in MH-18-39).
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.
COVID-19 Protocols
To ensure a working environment that protects the health and safety of the staff and contractors, Sokoman is operating under federally and provincially mandated and recommended guidelines during the current COVID-19 alert level.
Analytical Techniques / QA/QC
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 Minerals personnel. Samples, including duplicates, blanks and standards, were submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for gold analysis. Eastern Analytical is an accredited assay lab that conforms to requirements of ISO/IEC 17025. Samples with possible 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 is crushed to -10 mesh; then pulverized to 95% -150 mesh; the total sample is weighed and screened 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. In addition, random duplicates of selected samples are analyzed in addition to the in-house standard and duplicate policies of Eastern Analytical.
About Sokoman Minerals Corp.
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. Valentine Lake is reported to host estimated Proven and Probable Mineral Reserves of 1.87 Moz (41.05 Mt at 1.41 g/t Au), and Total Measured and Indicated Mineral Resources (inclusive of the Mineral Reserves) of 3.09 Moz (54.9 Mt at 1.75 g/t Au). Additional Inferred Mineral Resources are 0.96 Moz (16.77 Mt at 1.78 g/t Au). Reserves and resource totals for the Valentine Lake Project are taken from the Marathon Gold website, November 16, 2020.
The Company also has a 100% interest in an early-stage antimony/gold project in Newfoundland optioned to White Metal Resources Inc. In Labrador, the Company has a 100% interest in the Iron Horse (Fe) project.
Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the project through the Junior Exploration Assistance Program. Sokoman has been approved for funding for a portion of 2020 exploration activities.
Phase 6 Current Table of Results
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward- looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Sokoman Minerals Receives Final Till Sample Results At Moosehead Gold Project; Multiple New Drill Target Areas Identified
Sokoman to Host a Webinar on Tuesday, October 20 at 2 PM EST
St. John’s, NL, October 16, 2020 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) is pleased to announce that it has received final till sampling results, including a follow-up phase of sampling, from the Moosehead Project in North Central Newfoundland. The results for the 201 total samples have identified 13 sites of anomalous gold grain counts ranging from 20 to 111 gold grains.
Tim Froude, President and CEO of Sokoman, states: “The till results represent some very high priority targets which will be drill tested as part of this 10,000 m program. Multiple magnetic features, possibly representing structures, can be identified spatially associated with all of the till anomalies and could be potentially mineralized structures. Some of these features may require winter conditions to allow for effective testing. That will not be a problem as winter drilling is not an issue at Moosehead. We are pleased to see so many anomalous samples corresponding with potential structures as outlined in the winter magnetic survey and anticipate testing the highest priority areas that show both anomalous till results with associated structures.”
Anomalous sample sites at the Moosehead Property have been determined to be those with more than 20 gold grains, which is a minimum of 2 times background (see map attached). The corresponding
calculated gold content for the same data set ranges from 831 ppb Au to 433,770 ppb Au. A portion of the area sampled is presented on a base map featuring the Residual Total Magnetic Intensity from the airborne survey the Company had flown in January of this year.
The highest priority till targets are summarized as follows:
Till Anomaly A
Located immediately north and northwest of North Pond, a portion of this anomaly appears to represent the down ice dispersion from the Eastern and possibly the Western Trend mineralized zones. Additional drilling is required in this area as assumed glacial movements suggest that the known zones of mineralization do not explain the distribution of anomalous till samples. Calculated Au content for anomalous samples ranges from 831 ppb to 440,770 ppb Au and includes the highest gold grain count of 111 gold grains including 57 pristine grains. Portions of the anomaly remain untested by diamond drilling, specifically the eastern and western margins.
Till Anomaly D
This anomalous area is located immediately East of South Pond and not directly tested by diamond drilling. This anomaly contains the second highest calculated gold content of 78,229 ppb Au with gold grain counts up to 53 grains including 28 pristine grains. This area lies 400 m southeast (up-ice) from the high-grade float recently reported (July 30, 2020 News Release) from South Pond including grab sample assays ranging from 0.32 to 157 g/t Au.
Phase 6 Drill Program
The Company is currently in the midst of a planned 10,000 m diamond drilling program with logging and sampling underway. A total of 2,100 metres has been completed to date with four holes testing the Eastern Trend and three holes testing the Western Trend. While no firm timeline can be provided regarding the announcement of final assay results, the Company should be in receipt of partial results from these holes in 3-4 weeks.
Webinar Announcement
Sokoman Minerals will host a Zoom webinar on Tuesday, October 20, 2020 at 2 PM Eastern Time, where President & CEO Tim Froude will discuss the latest press release and provide an update on Phase 6 drill program. Register in advance following the link below:
https://us02web.zoom.us/meeting/register/tZAocOCupj0iHdE94TvalY1jI6mTmGbz8Chj
After registering, you will receive a confirmation email containing information about joining the meeting.
Till Sampling and Analytical Procedures
The initial phase of sampling consisted of the collection of 132 screened (to less than 8 mm) C-horizon till samples, weighing approximately 10 kg each, from sites spaced 250 metres apart, on lines spaced 500 metres apart, as recommended by Overburden Drilling Management (ODM) of Ottawa, Ontario. ODM specializes in the design and processing of till sampling programs globally. An additional 69 samples were collected in areas of anomalous gold grain counts on spacings half that of the initial sampling (125 metres between samples on lines spaced 250 metres apart). All tills were hand dug with depths ranging from 30 cm to almost 1 m below surface. Samples were placed in sealed plastic bags and shipped, unprocessed, in pails to ODM’s facility in Ottawa for washing on a shaker table and panning of the heavy mineral concentrates. Gold grains, where present, were extracted for morphological study and measurement. Gold content was then calculated for each sample by ODM based on number and size of gold grains in each sample. Assaying and ICP analysis of the heavy mineral concentrate will take place at Activation Labs in Ancaster, Ontario, expected in 4-6 weeks.
About Moosehead Gold Project
The 100%-owned Moosehead Gold Project is located along the Trans-Canada Highway in North Central Newfoundland, on the same structural trend as the advanced Valentine Lake Project (Marathon Gold) and adjacent to New Found Gold’s Queensway Project. Both the Moosehead and Queensway projects are targeting high-grade, turbidite hosted, Fosterville-type gold mineralization.
Since acquiring the project in 2018, Sokoman has continued to produce outstanding drill results including the following Eastern Trend highlights* from the 5 Phases completed to date:
Phase 1 MH-18-01 11.90 m @ 44.96 g/t Au, incl. 5.65 m @ 93.56 g/t Au
Phase 2 MH-18-39 5.10 m @ 124.20 g/t Au, incl. 1.10 m @ 550.30 g/t Au
Phase 3 MH-19-62 7.20 m @ 22.35 g/t Au, incl. 4.80 m @ 33.59 g/t Au
Phase 4 MH-19-81 6.40 m @17.34 g/t Au, incl. 1.45 m @ 75.50 g/t Au
Phase 5 MH-20-86 5.20 m @16.85 g/t Au, incl. 1.35 m @ 61.11 g/t Au
The mineralization has been defined over a 500 m strike length and a 200 m vertical height and remains open. *Reported lengths are core lengths believed to be 70%-90% of true thicknesses.
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.
COVID-19 Update
To ensure a working environment that protects the health and safety of the staff and contractors, Sokoman is operating under federally and provincially mandated and recommended guidelines during the current COVID-19 alert level.
About Sokoman Minerals Corp.
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 Project that has estimated **proven mineral reserves of 1.3 million ounces (26.3 million tonnes at 1.52 grams per tonne) and probable mineral reserves of 600,000 oz (14.8 million t at 1.23 g/t). Total measured mineral resources (inclusive of the mineral reserves) comprise 1.9 million oz (31.7 million t at 1.86 g/t) with indicated mineral resources (inclusive of the mineral reserves) of 1.19 million oz (23.2 million t at 1.60 g/t). Additional inferred mineral resources are 960,000 oz (16.77 million t at 1.78 g/t Au).
Sokoman 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.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the project through the Junior Exploration Assistance Program. Sokoman has also applied for funding for the 2020 season.
*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.
** Please refer to Marathon Gold’s website.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward- looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Sokoman Minerals Mobilizes First Drill Rig To Moosehead Project, Central Newfoundland
St. John’s, NL, September 10, 2020 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) is pleased to announce that it has awarded the Phase 6, 10,000 m drilling contract to Springdale Forest Resources of Springdale, Newfoundland. The contractor is presently mobilizing the first drill rig to the property and field preparations have begun, with the first core expected early next week. A second rig will be moved onsite once it returns from a previous commitment, which is expected in 2-3 weeks.
Tim Froude, President and CEO of Sokoman, says: “We are pleased that Springdale Forest will be returning to the Moosehead Project. Their experience with the rocks, and overall familiarity with the property, have been critical to our success to date in sometimes challenging conditions. While we will be testing several concepts, the program will have a strong focus on the Eastern Trend, including the down-dip and along-strike extensions. Plans include testing of the 400 m vertical level along a 200 m section of the interpreted Eastern Trend structure, with holes also testing for high-grade mineralization at the 250, 300 and 350 m levels. It’s time to test this system at depth, and we have sufficient funding to do that.”
In addition, several holes will also be testing for the down-dip extension of the Western Trend, as well as select reconnaissance holes testing high-priority geochemical targets elsewhere on the property including the South Pond area where recent prospecting returned high-grade boulders assaying up to 157 g/t Au (July 30, 2020 Sokoman Minerals Corp. News Release) that strongly resemble the high-grade Eastern Trend mineralization located 400 m to the north.
The Company has merged the recently received C-horizon till sampling data with the winter heli-mag survey, and maps will be posted on the website in the coming days. Targets prioritized for drill testing include till samples returning up to 54 grains of gold (containing 34 delicate and slightly modified grains) situated over 1 km to the southwest (up-ice) of the Eastern Trend in an area with no previous drilling.
Moosehead Project
The 100%-owned Moosehead gold project is located along the Trans-Canada Highway in North Central Newfoundland, on the same trend as the advanced Valentine Lake Project (Marathon Gold), and adjacent to New Found Gold’s Queensway Project. Both the Moosehead and Queensway projects are targeting high-grade, turbidite hosted, Fosterville-type gold mineralization. Since acquiring the project in 2018, Sokoman has consistently produced outstanding drill results including the following Eastern Trend highlights* from the 5 Phases completed to date:
Phase 1 MH-18-01 11.90 m @ 44.96 g/t Au, incl. 5.65 m @ 93.56 g/t Au
Phase 2 MH-18-39 5.10 m @ 124.20 g/t Au, incl. 1.10 m @ 550.30 g/t Au
Phase 3 MH-19-62 7.20 m @ 22.35 g/t Au, incl. 4.80 m @ 33.59 g/t Au
Phase 4 MH-19-81 6.40 m @17.34 g/t Au, incl. 1.45 m @ 75.50 g/t Au
Phase 5 MH-20-86 5.20 m @16.85 g/t Au, incl. 1.35 m @ 61.11 g/t Au
*Reported lengths are core lengths believed to be 70% – 90% of true thicknesses.
The mineralization has been defined over a 500 m strike length and a 200 m vertical height and remains open for expansion.
COVID-19 Update
To ensure a working environment that protects the health and safety of the staff and contractors, Sokoman is operating under federally and provincially mandated and recommended guidelines during the current COVID-19 alert level.
About Sokoman Minerals Corp.
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 that has estimated proven mineral reserves of 1.3 million ounces (26.3 million tonnes at 1.52 grams per tonne) and probable mineral reserves of 600,000 oz (14.8 Mt at 1.23 g/t). Total measured mineral resources (inclusive of the mineral reserves) comprise 1.9 million oz (31.7 Mt at 1.86 g/t) with indicated mineral resources (inclusive of the mineral reserves) of 1.19 million oz (23.2 Mt at 1.60 g/t). Additional inferred mineral resources are 960,000 oz (16.77 Mt at 1.78 g/t Au).
*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.
Sokoman 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.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the project through the Junior Exploration Assistance Program. Sokoman has also applied for funding for the 2020 season.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward- looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Sokoman Minerals Receives Permits; Drilling To Begin At Moosehead Gold Project, Central Newfoundland
St. John’s, NL, August 24, 2020 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) is pleased to announce that it has received the necessary permits to start Phase 6 diamond drilling at the Moosehead Gold Project in Central Newfoundland and is expecting the first drill on site shortly after the Labour Day weekend.
Moosehead Project
The 100%-owned Moosehead Gold Project is located along the Trans-Canada Highway in North Central Newfoundland, on the same trend as the advanced Valentine Lake Project (Marathon Gold), and proximal to New Found Gold’s Queensway Project. Both the Moosehead and Queensway projects are targeting high-grade, turbidite hosted, Fosterville-type gold mineralization.
Since acquiring the project in 2018 and discovering the Eastern Trend mineralization in the first hole, the Company has intersected outstanding drill results in the Eastern Trend in all 5 drill phases completed. Highlights* from each of the 5 phases include:
Phase 1 MH-18-01 11.90 m @ 44.96 g/t Au, incl. 5.65 m @ 93.56 g/t Au
Phase 2 MH-18-39 5.10 m @ 124.20 g/t Au, incl. 1.10 m @ 550.30 g/t Au
Phase 3 MH-19-62 7.20 m @ 22.35 g/t Au, incl. 4.80 m @ 33.59 g/t Au
Phase 4 MH-19-81 6.40 m @ 17.34 g/t Au, incl. 1.45 m @ 75.50 g/t Au
Phase 5 MH-20-86 5.20 m @ 16.85 g/t Au, incl. 1.35 m @ 61.11 g/t Au
*Reported lengths are core lengths believed to be 70% – 90% of true thicknesses.
The mineralization has been defined over a 500 m strike length and to 200 m vertical depth and remains open for expansion along strike and to depth.
Tim Froude, President and CEO of Sokoman, states: “Now that all of the permits have been received, we can mobilize our crew and start site preparations for the largest drill program to date at Moosehead. The 10,000 m program will start with one drill targeting the strike extent of the lower main zone, where our previous drill programs have returned some of the highest-grade intersections in the district, including 4.80 m @ 33.59 g/t Au (MH-19-62) and 6.40 m @ 17.34 g/t Au (MH-19-81) at depths less than 200 m vertically. The zone is open to depth and along strike. A second drill will focus on extending the gold mineralization to depth with a series of holes testing to at least the 400 m vertical level. In addition, we will be testing newly defined targets such as the South Pond area where recent prospecting located high-grade quartz boulders with values up to 157 g/t Au (July 30, 2020 Sokoman Minerals Corp. News Release) that closely resemble the high-grade Eastern Trend mineralization located 400 m to the north.”
The Company has merged C-horizon till sampling data with the winter heli-mag survey to define targets for drill testing, including tills with up to 54 gold grains with 34 delicate / modified grains, indicating proximity to the source, 1 km to the southwest, up-ice of the Eastern Trend in an area with no previous drilling.
COVID-19 Update
To ensure a working environment that protects the health and safety of the staff and contractors, Sokoman is operating under federally and provincially mandated and recommended guidelines during the current COVID-19 alert level.
About Sokoman Minerals Corp.
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 that has estimated proven mineral reserves of 1.3 million ounces (26.3 million tonnes at 1.52 grams per tonne) and probable mineral reserves of 600,000 oz (14.8 million t at 1.23 g/t). Total measured plus indicated resources (inclusive of the mineral reserves) comprise 3.06 million ounces (54.9 million t @ 1.75 g/t). Additional inferred mineral resources are 960,000 oz (16.77 million t at 1.78 g/t Au).
Sokoman 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.
*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the project through the Junior Exploration Assistance Program. Sokoman has also applied for funding for the 2020 season.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward- looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Sokoman Is Presenting At The 2020 Global Mining Symposium On September 1-3
Sokoman Minerals is a Silver Sponsor at the upcoming Global Mining Symposium. See below for the details and registration link.
Register to join your peers, customers, and competitors September 1-3, 2020 in an open exchange of forward-looking ideas, established best practices and data-informed expectations.
As economies continue to reopen and adapt to the new global market landscape, every sector of the mining industry will benefit from having the best information possible. The 2020 Global Mining Symposium is an ideal opportunity to acquire and share this information.
Register to receive your secure link for the Global Mining Symposium. Keep your finger on the pulse of the mining industry and gain vital insight into its future, as well as your place in it.
Sokoman Minerals Extends Warrant Terms
St. John’s, NL, July 30, 2020 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) announces that it has applied to the TSX Venture Exchange (the “Exchange”) to extend the expiry date on 20,010,000 share purchase warrants (the “Warrants”), issued pursuant to a Private Placement Financing in August 2018, by 1 year to August 13, 2021. The Warrants’ original exercise price of $0.25 per share will not change.
About Sokoman Minerals
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 optioned to White Metal Resources Inc. In Labrador, the Company has a 100% interest in the Iron Horse (Fe) project which has Direct Shipping Ore (DSO) potential.
*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the project through the Junior Exploration Assistance Program. Sokoman is also applying for JEA funding for the 2020 season.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward- looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Sokoman Minerals Reports Discovery Of High-Grade Boulders At South Pond, Moosehead Gold Project, Newfoundland
High-grade Eastern Trend-type boulders assay up to 157g/t Au and
include enriched silver values up to 36.2 g/t Ag
St. John’s, NL, July 30, 2020 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) is pleased to announce that prospecting at South Pond, 400 metres along strike to the south west of the Eastern Trend zone, has located a cluster of angular quartz float with high-grade grab sample assay results ranging from 0.318 g/t Au to 157.04 g/t Au, as well as enriched silver values up to 36.2 g/t Ag.
Unusually low water levels allowed prospectors to locate angular quartz float (from 0.2 to 0.5 m maximum dimension) from the northern end of South Pond, near where previous operators found two clusters of mineralized float, which assayed from 0.20 to 1.03 g/t Au, and from 5.4 to 17.5 g/t Au. The newly discovered boulders were located in two clusters (East and West), on opposite sides of a bay, displaying different mineralogy and precious metal grades. The following table shows detailed Au results using a total pulp metallics process, with silver (Ag) and antimony (Sb) from the ICP analyses also shown. Antimony is a key pathfinder metal for high-grade mineralization at Moosehead and at the Fosterville deposit in Australia which is considered to be an analogue for Moosehead given its stratigraphic and structural setting.
The average grade of the East cluster samples is 36.59 g/t Au and 11.01 g/t Ag, while the West cluster samples averaged 1.91 g/t Au and 1.28 g/t Ag. Three (3) samples were noted to contain visible gold (VG) and coarse fraction analysis (+150 Mesh) of 11 of the 20 samples, produced results suggesting coarse gold may have been present based on assays ranging from 58,175 ppb Au in sample 361068, to 2,238,802 ppb Au in sample 361051 (weighted averages for all samples are shown).
The attached sample map uses a background of total field magnetics from the 2020 winter airborne survey with the samples overlain, as well as historical and Sokoman drilling shown. While some drilling has taken place in the vicinity of the new float samples, it is most likely that the float originated to the south of their present location based on perceived ice-flow movements and three anomalous (10 ppb Au), lake sediment values in South Pond. The lake sediment results in South Pond are very encouraging given that similar strength lake sediment samples were also obtained at North Pond, where the Eastern Trend gold zone is located.
The magnetics show several NE as well as north trending structures trending under South Pond that may be related to in-situ mineralization, where little to no drilling has taken place. Modeling of the magnetics will allow effective planning for diamond drilling in the area, a priority for drill testing in the upcoming Phase 6 program. In the immediate area, visible gold was reported from holes MH-01-07, MH-02-34, and MH-18-41, although Au gave only anomalous values, suggesting the high-grade mineralization exhibited by the new sampling has not been tested to date. Should future drilling prove the existence of Eastern Trend mineralization at South Pond, the overall strike length could exceed 1 kilometre.
Tim Froude, President and CEO of Sokoman, said: “We are extremely pleased with the early results from our 2020 field program. While we await final permits for our 10,000 m Phase 6 drilling program, we initiated a follow-up prospecting and till sampling program in an effort to define additional targets for drill testing this year. The results from South Pond support reports of boulders in the area that assayed to a maximum of 17.5 g/t Au and suggest that extensions to the high-grade Eastern Trend mineralization lie untested in the South Pond area. The boulders located by our crew are of higher average tenor than the historical values with several boulders of similar grade to the highest grades from the Eastern Trend.
A portion of the Phase 6 drilling program will address the potential of the South Pond area which will include merging the winter magnetic survey with the new float samples. We will continue to update shareholders on developments in the coming weeks in advance of starting the Phase 6 drilling in late August/ early September. We are looking forward to exciting Q3 and Q4 and expect to be generating very positive news.”
COVID-19 Update
To ensure a working environment that protects the health and safety of the staff and contractors, Sokoman is operating under federally and provincially mandated and recommended guidelines during the current COVID-19 alert level.
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
All rock samples were delivered by Sokoman personnel in sealed bags directly to Eastern Analytical Ltd. in Springdale, Newfoundland for gold analysis. Eastern Analytical is an accredited assay lab that conforms to requirements of ISO/IEC 17025. All samples were submitted for assay by total pulp metallics with gravimetric finish as well as 34 element ICP analysis. Total pulp metallic analysis includes: the whole sample is crushed to -10 mesh; then pulverized to 95% -150 mesh; the total sample is weighed and screened 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. Industry accepted blanks and standards were submitted by Eastern Analytical and results reported alongside the submitted samples as per the in-house standard and duplicate policies of Eastern Analytical.
About Sokoman Minerals Corp.
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.
*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the project through the Junior Exploration Assistance Program. Sokoman has also applied for funding for the 2020 season.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward- looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Sokoman Minerals Reports Phase 5 Results At Moosehead Gold Project
All zones are open and expanding; upcoming 10,000 m Phase 6 drilling will test deeper targets
St. John’s, NL, July 15, 2020 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) is pleased to announce drill results from the recently completed Phase 5 diamond drill program at the Company’s flagship Moosehead Gold Project located in north-central Newfoundland, with the lower high-grade shoot continuing to deliver strong results. The program extended both the upper main zone and the lower high-grade shoot to the north where the zones remain open and are now approximately 500 m in strike length remaining open to depth.
A total of 4,619 m was drilled in 17 holes targeting the lower high-grade shoot at the -200 m vertical level, as well as near-surface mineralization in the upper main zone. The lower high-grade shoot reported strong results including the following selected highlights:
MH-20-86 4.70 m @ 18.60 g/t Au, incl. 1.85 m @ 46.99 g/t Au (from 271.80 m downhole)*
MH-20-82 9.50 m @ 5.70 g/t Au, incl. 1.70 m @ 29.19 g/t Au (from 206.50 m downhole)*
*Note: reported lengths are core lengths; true widths are believed to be 75-90% of reported lengths
Summary table of all Phase 5 results is attached, with the length, grades, dip, azimuth, and presence of visible gold indicated. A drill plan showing the location of the Phase 5 holes is also attached, and an updated model and longitudinal are being prepared for posting when completed.
Tim Froude, President and CEO of Sokoman, said: “We are very happy with what we are seeing, especially with regards to the structure of the deposit. The Eastern Trend shows good continuity, continues to increase in strike length and remains open along strike to the north and south and to depth. As with most high-grade gold systems, variability of mineralization and gold grades are expected. We are eager to test holes to at least twice the current depth, to a 400-m vertical level, and our next phase of drilling will be our most aggressive program to date. The Phase 6, 10,000 m program, will be focused on testing the continuity of the zones, and deeper targets, while extending the strike length in 25-50 m increments.”
The Phase 6 program is expected to start sometime in August 2020, once the Company has received all necessary permits. Sokoman has also recently received the remaining till sample results and is compiling this data with earlier results from our survey and historical sampling. The 3-D modelling of the mineralization is ongoing and undergoing revision with each Phase of drilling. A revised model for the Eastern Trend, which will include the Western Trend, is being prepared and will be posted on the website when completed.
Phase 5 Geology
Several holes were drilled to test the interpreted southern, down-plunging portion, of the lower high- grade shoot, to infill a 75-metre gap between historical drill hole MH-03-15 (52.54 g/t Au / 2.34 m) and Phase 4 drill hole MH-19-69a (18.10 g/t Au / 1.45 m, including 82.17 g/t Au / 0.30 m). MH-20-82 intersected the lower high-grade shoot 25 m north of historic hole MH-03-15, giving 5.70 g/t Au / 9.50 m, including 29.19 g/t Au / 1.70 m.
Drill holes MH-20-83, 84 and 85a intersected mineralized vein material that had been subjected to later shearing and reworking. MH-20-87 intersected a veined zone which typically occurs immediately above or below the auriferous vein. While the zone was truncated by a fault, the interval gave 0.60 g/t Au / 6.0 m with the last interval before the fault giving 1.50 g/t Au over 0.50 m. These brittle-ductile structures which cut and deform the auriferous veins are not unexpected as mentioned in previous news releases of January 31, 2019 and November 19, 2019:
The highest-grade intersections (e.g. MH-18-01, 17 and 39) occur in a ductile-brittle Shear/Fault Zone of uncertain width which has a dip of 50 degrees East and a strike trend of 010 degrees.
The Shear/Fault Zone is a large-scale, kilometric structure of uncertain regional strike beyond the small drilled area with possible links to the regional faults/thrusts bounding the gold district. It may be the most important structure in the area, and therefore the central axis of the Au system. Strike continuation of the structure is unknown and undrilled. As well as along the strike continuation, the best potential may lie at depth where the structure intersects the regional NE striking thrust faults.
Vein style and host structures are typical of a sediment or intrusive hosted gold system controlled by reverse or strike-slip shears in a low-grade metamorphic, compressional regime.
The relationship between shearing and folding is similar to the Bendigo-Fosterville gold deposits in Australia. These deposits are commonly multi-structured with principal shear-vein structures having considerable strike and depth extent to >1,000 m as at Fosterville.
Seven holes were drilled from the ice on North Pond to test the extensions of the upper shoots of the Eastern Trend. The two discrete mineralized zones identified in 2019 were intersected in the current program. An upper zone intersected at shallow depths (30-40 m downhole) in 2019 was extended to the north at slightly deeper depths (40-50 m downhole). Best values from the current program were from MH-20-88 with 2.20 g/t Au / 1.10 m. The final two ice-holes drilled in 2019 intersected a lower mineralized zone 110 m downhole. This zone is interpreted to continue to the north with a potentially slight downward plunge. Best values were from MH-20-92 returning 7.85 g/t Au / 3.00 m, including 26.99 g/t Au / 0.85 m. The general trend of both mineralized zones is toward historic hole MH-02-38 which returned 112 g/t Au / 2.02 m.
The lower high-grade shoot has given some of the highest-grade results at Moosehead, including MH-19-62 (7.2m @ 22.35 g/t Au) and MH-19-81 (6.4 m @17.34 g/t Au). MH-20-86 cut the lower high-grade shoot approximately 10m below MH-19-81 returning a comparable grade of 16.85 g/t Au over 5.20 m. The final hole of the program, MH-20-98, intersected the lower high-grade structure at a down hole depth of 296 m returning 4.16 g/t Au / 5.65 m incl 8.21 g/t Au / 2.50 m. The intersection in MH-20-98 is 75 m northeast of MH-19-81 and 27 m northeast of MH-20-97 (6.31 g/t Au / 3.10 m). The zone remains open to the north and downdip to the east.
COVID-19 Update
To ensure a working environment that protects the health and safety of the staff and contractors, Sokoman is operating under federally and provincially mandated and recommended guidelines during the current COVID-19 alert level.
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
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 Minerals personnel. Samples, including duplicates, blanks and standards, were submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for gold analysis. Eastern Analytical is an accredited assay lab that conforms to requirements of ISO/IEC 17025. Samples with possible 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 is crushed to -10 mesh; then pulverized to 95% -150 mesh; the total sample is weighed and screened 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. In addition, random duplicates of selected samples are analyzed in addition to the in-house standard and duplicate policies of Eastern Analytical.
About Sokoman Minerals Corp.
Sokoman Minerals Corp. (TSX.V: SIC) (OTCQB: SICNF) 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.
*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the project through the Junior Exploration Assistance Program. Sokoman has also applied for funding for the 2020 season.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward- looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
SOKOMAN MINERALS CLOSES NON-BROKERED FLOW-THROUGH PRIVATE PLACEMENT
St. John’s, NL, June 23, 2020 - Sokoman Minerals Corp. (‘Sokoman’ or ‘the Company’) (TSX-V: SIC; OTCQB:SICNF) is pleased to announce that it has received final approval from the TSX Venture Exchange (the “Exchange”) to close its non-brokered flow-through private placement (the “Placement”), previously announced on June 15th, for gross proceeds of $1,482,945. The Company will issue 12,895,174 flow-through shares at a price of $0.115 per flow-through share.
The private placement was effected with an insider of the Company subscribing for $300,000, that portion of the Placement a ”related party transaction” as such term is defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is relying on exemptions from the formal valuation and minority approval requirements set out in MI 61-101. The Company is exempt from the formal valuation requirement of MI 61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it involves the interested party, is not more than 25% of the Company’s market capitalization. Additionally, the Company is exempt from minority shareholder approval under sections 5.7(1)(a) and (b) of MI 61-101 as, in addition to the foregoing, (i) neither the fair market value of the Units nor the consideration received in respect thereof from interested party exceeds $2,500,000, (ii) the Company has one or more independent directors who are not employees of the Company, and (iii) all of the independent directors have approved the transaction. Material change reports were not filed 21 days prior to the closing of the financing because insider participation had not been established at the time the financing was announced.
Other placees include new participating groups such as Middlefield Group and certain funds managed by Sprott Asset Management LP, who jointly represent half of the placement, and we are pleased to confirm that Eric Sprott added to his position, maintaining his current ownership percentage.
All securities issued pursuant to the Placement are subject to a four-month-and-one-day hold period. Finders’ fees will be paid to various finders in accordance with Exchange policy.
Financing proceeds will be used to advance Sokoman’s flagship Moosehead Gold Project through a minimum of 10,000 m diamond drill program to focus on deeper testing of the high-grade Eastern Trend to at twice the current tested levels of 200 m vertically (+ 400 m vertical targets), as well as follow-up (including drill testing) of other high priority targets identified by the late 2019 gold in till sampling program (full results expected in Q3) and the recently completed airborne magnetic survey.
Tim Froude, President and CEO of Sokoman, said: “We are delighted to see continued support and interest in our Company from loyal shareholders as well as several major new investors. With this new placement and our existing treasury of $1.4M, we are very well-positioned to move forward with an aggressive drill program here at Moosehead.”
About Sokoman Minerals
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 in Central Newfoundland on the structural corridor hosting Marathon Gold’s Valentine Lake project* (with measured resources of 1.16 million oz of gold at 2.18 g/t, indicated resources of 1.53 million oz of gold at 1.66 g/t and inferred resources of 1.53 million oz. 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 recently optioned to White Metal Resources, and two earlier stage gold properties along the Valentine Lake-Moosehead structural corridor. In Labrador, the Company has a 100% interest in the Iron Horse (Fe) project which is believed to host potential DSO iron deposits.
*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the project through the Junior Exploration Assistance Program. Sokoman is also applying for JEA funding for the 2020 season.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Sokoman Minerals Announces Non-Brokered Flow-Through Private Placement
St. John’s, NL, June 15, 2020 - Sokoman Minerals Corp. (‘Sokoman’ or ‘the Company’) (TSX-V: SIC; OTCQB:SICNF) today announces that, subject to all regulatory approvals, the Company intends to complete a non-brokered private placement of flow-through shares (the “Private Placement”). The Private Placement is expected to be filed with the Exchange on or around June 19, 2020.
Sokoman intends to issue flow-through shares at a price of $0.115 per flow-through share for gross proceeds of up to $1,500,000. The flow-through shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).
In connection with the private placement, the Company will pay finders’ fees of 6% cash and 6% broker warrants, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four month and one day hold period. The Private Placement is subject to approval by the TSX Venture Exchange.
Sokoman’s treasury currently sits at around $1.4M cash. The proceeds of this financing will be used to advance Sokoman’s flagship Moosehead Gold Project through a minimum of 10,000 m diamond drill program to focus on deeper testing of the high-grade Eastern Trend to at twice the current tested levels of 200 m vertically (+ 400 m vertical targets), as well as follow-up (including drill testing) of other high priority targets identified by the late 2019 gold in till sampling program (full results expected in Q3) and the recently completed airborne magnetic survey.
About Sokoman Minerals
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 in Central Newfoundland on the structural corridor hosting Marathon Gold’s Valentine Lake project (with measured resources of 1.16 million oz of gold at 2.18 g/t, indicated resources of 1.53 million oz of gold at 1.66 g/t and inferred resources of 1.53 million oz. 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 recently optioned to White Metal Resources, and two earlier stage gold properties along the Valentine Lake-Moosehead structural corridor. In Labrador, the Company has a 100% interest in the Iron Horse Fe) project which is believed to host potential DSO iron deposits.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Sokoman Minerals Completes Extended Phase 5 Drilling Program At Moosehead, Central Newfoundland
MH-20-98 Extends Lower Main Zone by 75 m – Zone Remains Open
St. John’s, NL, May 15, 2020 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) has concluded the Phase 5 drilling at the Moosehead gold property, including an additional 1,390 m in four holes, bringing the Phase 5 total to 4,619 m in 17 holes. The Phase 5 drilling was initially halted after 13 holes (3,229 m) due to deteriorating spring field conditions and the COVID-19 pandemic. However, an extension of the program was made possible due to additional measures taken to protect the health and safety of field workers as well as improved field conditions.
The additional drilling, which was focused on the lower high-grade zone at an approximate vertical depth of 200 m (see attached plan and projected long section), extended the gold mineralization 75 m to the north with the zone remaining open. This lower high-grade shoot has given some of the highest-grade results at Moosehead, including MH-19-62 (7.2m @ 22.35 g/t Au) and MH-19-81 (6.4 m @17.34 g/t Au). MH-20-98, the final hole in the extended program, cut the Eastern Trend structure at a down hole depth of 296 m (200 m vertical) intersecting a 4.6 m core length (true width est. at 75-90% of core length) of visible gold bearing quartz vein and quartz breccia. MH-20-98 intersected the zone 75 m to the northeast of MH-19-81 and 27 m to the northeast of MH-20-97, which encountered visible gold bearing quartz veining over a 2 m core length. MH-20-98 is the northernmost hole drilled on the lower main zone, and it appears to suggest a flattening or possible folding of the high-grade shoot, as the intersection is approximately 20 m deeper than the intersection in MH-19-81. A plan and a projected longitudinal section map showing location of holes and relationship to the previous drilling are attached.
Tim Froude, President & CEO of Sokoman, said: “We were thrilled to add additional holes to the Phase 5 program as we wanted to test the lower zone in more detail and to add additional strike length to the zone. Logging and sampling of the new holes is ongoing as we await assay results from the initial 13 holes. The Company can’t predict when all assays will be received as the Springdale laboratory is working with a reduced workforce. A news release will be issued once all outstanding assays have been received.
We are in the planning stage for the rest of 2020, which will include ground follow-up on the results of the C-horizon till program, where approximately 50% of the samples processed are highlighted by three sites with 54, 62 and 63 gold grains, with many pristine (irregular in shape) grains, usually indicating a short transport distance from source. The geological model is also being updated ahead of the future diamond drill program planning.”
Analytical Techniques / QA/QC
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 Minerals personnel. Samples, including duplicates, blanks and standards, were submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for gold analysis. Eastern Analytical is an accredited assay lab that conforms to requirements of ISO/IEC 17025. Samples with possible 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 is crushed to -10 mesh; then pulverized to 95% -150 mesh; the total sample is weighed and screened 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. In addition, random duplicates of selected samples are analyzed in addition to the in-house standard and duplicate policies of Eastern Analytical.
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.
About Sokoman Minerals
Sokoman Minerals Corp. (TSX.V: SIC) 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 optioned to White Metal Resources Inc. In Labrador, the Company has a 100% interest in the Iron Horse (Fe) project which has Direct Shipping Ore (DSO) potential.
*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the project through the Junior Exploration Assistance Program. Sokoman is also applying for JEA funding for the 2020 season.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward- looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Sokoman Minerals To Initiate A Short Follow-Up Drill Program At Moosehead, Central Newfoundland
St. John’s, NL, April 22, 2020 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) today announced that it has made a strategic decision to follow-up on the recently completed Phase 5 drill program at Moosehead Gold Project with a short program to make use of the currently favourable weather conditions. The program is aimed at testing the northern extension of the lower high-grade shoot, where the Company has encountered some of its highest gold gram-metre results including MH-19-62 (7.2m @ 22.35 g/t Au) and MH-19-81 (6.4 m @17.34 g/t Au). The new holes will test, in 25 m step-outs, the northerly projection of the lower zone at about 200 m vertical depth.
The drill rig, which remained on the property after completion of the Phase 5 program, will be utilized to drill 3 to 4 holes, each to a down hole depth of 275-300m (~200m vertical), with a total of 800-1,000m proposed.
Tim Froude, President and CEO of Sokoman, said: “While hundreds of assays remain in the assay lab from the recently completed Phase 5 program, we see an opportunity to drill during the cold snap we are experiencing in Central Newfoundland. Sokoman will be taking additional precautions with respect to Covid-19 and maintaining social distancing during operations as required. The holes will be drilled from the east side of North Pond and should take two weeks to complete unless field conditions become unfavourable.”
The Phase 5 program, initiated in February and terminated in late March, consisted of 13 drill holes totaling 3,229 metres. 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 9.5 metres (true thickness estimated at 75-90% of core intervals).
Sokoman is in the planning stage for the remainder of 2020 at Moosehead, including ground follow-up on the results of the C-horizon till program, where, although only approximately 50% of the samples have been processed, three sites with 54, 62 and 63 grains of gold have been found, against a background of less than 10 grains. The geological model is also being updated to allow for a better planning of future diamond drill programs.
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.
About Sokoman Minerals
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.
*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the project through the Junior Exploration Assistance Program in 2019 and is also applying for funding for the 2020 season.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward- looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Sokoman Minerals Provides Exploration Update On Moosehead Gold Project, Central Newfoundland
St. John’s, NL, March 31, 2020 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) is pleased to provide an update on its winter exploration program at the Moosehead Gold project.
Phase 5 Diamond Drilling
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.
Airborne Magnetic Survey
The Company is also pleased to report that it has received the final report from Prospectair on the high-resolution magnetic survey completed in January. The data is undergoing modeling and computer enhancement. Features requiring ground follow-up, once ground conditions permit, are already obvious.
Glacial Till Sampling
The initial results from the fall till sampling program have been received and will be merged with other existing geochemical data. This will then be combined with the high-resolution magnetic data to plan a prospecting, and possible trenching, field program for Q2 / Q3 2020. While approximately 50% of the samples have yet to be processed, several samples with strong gold grain counts from 54 to 63 grains with significant pristine / locally derived gold grains, warrant follow-up. These particular samples were collected from areas of the property with no or limited drilling and no previous gold mineralization noted. The contractor, Overburden Drilling Management of Ottawa, ON has informed Sokoman that the receipt of results will be affected by work slowdowns or stoppages in an effort to deal with the COVID-19 issue in a responsible manner.
Timothy Froude, P. Geo., President and CEO, comments: “While the pace of future work is currently uncertain, we are pleased with what we have accomplished with the Phase 5 drilling and other activities at Moosehead. We achieved our goal of 3,000+ metres drilled, with more than half of the holes drilled from the surface of the pond. The first till results from the 2019 program are encouraging, and together with the new airborne magnetic data, should provide an exciting follow-up program.
Sokoman will remain active evaluating results to date and planning future exploration, both at Moosehead and on our other projects. We will continue the modeling and interpretation of the Moosehead gold zones, as our geologists and consultants can work from home. As soon as conditions return to normal, we will once again ramp up our exploration efforts.”
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.
About Sokoman Minerals
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.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the project through the Junior Exploration Assistance Program. The Company is applying for funding for the upcoming 2020 season as well.
*Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Sokoman Minerals Completes Airborne Magnetic Survey, Awards Phase 5 Diamond Drilling Contract And Receives 3-D Model For Moosehead Gold Project, Central Newfoundland
St. John’s, NL, February 4, 2020 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) has completed a high-resolution magnetic survey over the Moosehead Project, awarded the diamond drilling contract to start Phase 5 in a few upcoming days, and received a full 3-D model of the Moosehead mineralization.
The 781 line-kilometre survey, flown by the contractor Prospectair GeoSurveys at 25 and 50 metre line spacings with the 25 metre spaced lines, centered on the area containing the Western and Eastern Trends and their inferred north and south extensions. Dynamic Discovery Geoscience of Ottawa, ON will start processing the data immediately, with a final report expected in 4-6 weeks.
The Company is also pleased to announce that it has awarded the Phase 5 diamond drilling contract to Springdale Forest Resources of Springdale, NL. Phase 5, consisting of a minimum of 3,000 m, will commence on or about February 7, 2020 and will last until spring breakup or whenever field conditions begin to deteriorate. The program will focus on the up and down plunge potential of the Eastern Trend as well as the newly realized potential link between the Western and Eastern Trends.
The Company has also received a 3-D model of the Moosehead mineralization from Mercator Geological. Sokoman is excited about the results and is currently evaluating the model and associated commentary in order to optimize the upcoming drilling program. The Company will post the full model on the website as soon as possible and will be posting select screen grabs in the meantime.
Timothy Froude, P. Geo., President and CEO, comments: “We are very excited to be starting field operations again at Moosehead. Our crew has been actively removing snow and flooding portions of North Pond in an effort to build sufficient ice thickness to allow an ice-based program. Should we succeed, a second drill will then be added to the winter program to facilitate additional holes. The contract is for a minimum of 3,000 metres, with hopes to go above that. We are also extremely pleased with a 3-D model developed by Mercator and look forward to implementing the findings of their report. The report suggests the area around South Pond as a strong target area where the Eastern and Western Trends may intersect. The same area has a large cluster of historical gold bearing float.”
About Sokoman Minerals
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.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the project in the past through the Junior Exploration Assistance Program. The Company is applying for funding for the upcoming season as well.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Sokoman Minerals Provides Winter 2020 Exploration Update At Moosehead Gold Project, Central Newfoundland
St. John’s, NL, January 17, 2020 – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) (the “Company” or “Sokoman”) is pleased to provide an update on its current activities and near-term plans.
Notable events since the end of Phase 4 drilling include the following:
The Company has commissioned an approximate 800 line-km airborne magnetic survey over the entire property to help map out mafic dikes as well as key structures important for mineralization.
Sokoman has completed a till sampling program and the samples were submitted for gold grain study as well as Heavy Mineral Concentrate (HMC) analysis, with the results expected in March 2020.
The 3-D Model of Moosehead is in the final stages of production and is expected to be finalized by the start of Phase 5 drilling. A recently released report on the structural controls of mineralization, in association with the 3-D Model, will form the basis of the next drill program.
Phase 5 of drilling at Moosehead is expected to start in the beginning of February 2020.
Timothy Froude, P. Geo., President and CEO, comments: “We have been quite active at Moosehead and laying the framework for a busy and productive 2020. The marriage of the new till survey with a modern and detailed magnetic survey could unlock new zones of potential gold mineralization on underexplored areas of Moosehead. The main structural break extends the full length of the property, and historical work has shown that there is potential for gold mineralization along the entire length. We feel the time is right to evaluate the entire Moosehead Property ─ as history has shown, deposits tend to occur in clusters, and so far, we have only evaluated in detail 25% of the property.”
Airborne Magnetic Survey
Sokoman has commissioned the first magnetic survey over the property in almost 20 years. The new survey will be flown with a helicopter at 50 m line spacings, with the exception of a core area centered on the Western and Eastern Trends that will be at 25 m spacings. The strong spatial association of mafic dikes with areas of significant gold mineralization is a feature that the magnetic survey could help define, as well as identify targets over other areas of the property that have not been investigated to date. That survey is expected to be completed in the next 2-3 weeks.
Glacial Till Sampling
In late 2019, the Company completed a property wide, C-horizon till sampling program, to outline potential targets in other areas of the property identified by previous operators. Many historical till samples were not evaluated from a gold grain morphology perspective, most were simply analyzed for gold and other elements.
The Company feels that the most important aspect of a till sampling program is to determine how delicate gold grains are, as it is vital in helping locate where the exact source(s) of gold may lie. Previous workers have identified areas, particularly in the eastern and southern portion of the property, of gold bearing float, till and soil, with little to no follow-up. A large cluster of gold bearing quartz float (assaying from 5.40 to 17.20 g/t Au from grab samples), is known to exist at the north end of South Pond, just off the southern end of the current known strike length of the Eastern Trend. The till survey could help target the source of those float boulders.
The samples from the survey were shipped to Overburden Drilling Management in Ottawa for gold grain study as well as HMC analysis. The results of the till sampling are expected in March 2020.
3-D Model
Sokoman has been working with the contractor to upgrade the 3-D model of Moosehead and the recent results point to significant changes in the perception of the setting of the mineralization. Based on recommendations from the Structural Report, the scope of the 3-D modelling was increased to include the Western Trend.
The most significant development suggests that the Western Trend and Eastern Trend may be linked, and that the Western Trend appears to be a splay off of the main shear structure hosting the Eastern Trend. The model is now being refined and will help further define the Phase 5 drilling program.
Phase 5 Drilling
The Phase 5 Winter Program is expected to start in the beginning of February 2020. Field preparations have begun with flooding of North Pond in advance of an ice-based program to test the up-plunge extensions of the high-grade shoots in the Eastern Trend, as well as to test targets defined by the ongoing 3-D modelling. Sokoman has issued a call for bids for a minimum of 3,000 m, but the exact extent of the Phase 5 program will largely be weather dependent. The Company expects to conduct several phases of drilling in 2020.
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.
About Sokoman Minerals
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.
The Company would like to thank the Government of Newfoundland and Labrador for financial support of the project in the past through the Junior Exploration Assistance Program. The Company is applying for funding for the upcoming season as well.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
Sokoman Minerals Named Explorer Of The Year By The Canadian Institute Of Mining, Newfoundland And Labrador Branch
November 12, 2019 – St. John’s, Newfoundland – Sokoman Minerals Corp. (TSX.V: SIC) (‘Sokoman’ or ‘the Company’) is excited to announce that on November 9, 2019 the Company was recognized by the Newfoundland and Labrador Branch of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM NL) as Prospector/Explorer of the Year for continuous advancement and outstanding results at its 100%-owned flagship Moosehead Gold Property in Central Newfoundland.
The project generated a lot of buzz not only provincially but countrywide when the first hole drilled on the property intersected almost 12 m of 44.96 g/t Au, followed by several successful phases of drilling and investment by Eric Sprott, who is the Company’s largest shareholder. To date, Sokoman has drilled 88 holes totalling 18,600 m at Moosehead, many of them showing visible gold and high grades.
“After acquiring the property from Altius Minerals, Sokoman’s team re-evaluated the geology of the area through the examination of recently exposed bedrock and mineralized veins and determined the orientation of the controlling structures on the property, forming a strategically used plan and a successful drilling program. Sokoman Minerals is a very worthy recipient of this year’s Explorer of the Year award,” said Jamie Powell, Chairman and President of the CIM NL.
Sokoman is gearing up for an aggressive 2020 drill program, focused mainly on extending the high-grade Eastern Trend. The total meterage to be proposed will be based largely on the results of the forthcoming structural report being prepared by Earth Tectonics, as well as additional targets identified internally.
About CIM NL and Annual Mineral Resources Review Awards
The CIM Newfoundland and Labrador (CIM NL) Branch provides the premier mining event in Atlantic Canada every year: the Mineral Resources Review, jointly hosted with the Department of Natural Resources. This event provides the mining community of Newfoundland with the opportunity to share insights into mining, their stories and accomplishments.
‘Prospector/Explorer of the Year’ is one of the four award categories given annually by each CIM branch for excellence in mining/exploration work as well as contribution to the region’s mining industry. The companies/individuals are nominated by its peers and the nominations are then reviewed by a special committee, which determines the winner in each category based on multiple criteria.
About Sokoman Minerals Corp.
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.
To learn more, please contact:
Timothy Froude, P. Geo.,
President & CEO
709-765-1726
tim@sokomanmineralscorp.com
Cathy Hume, Director,
Investor Relations
416-868-1079 x231
cathy@chfir.com
Website: www.sokomanmineralscorp.com
Twitter: @SokomanMinerals
Facebook: @SokomanMinerals
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.
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