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(Wallace Refiners) – Sokoman Minerals (TSX.V: SIC) (OTCQB: SICNF) announced Friday that ongoing Phase 6 drilling at the 100%-owned Moosehead property continues to intersect near-surface, high-grade gold mineralization at the recently recognized Footwall Splay that adjoins the Eastern Trend Main Zone.
According to the company’s announcement, diamond drill holes MH-20-132 and MH-20-127, drilled prior to the Christmas break, have both returned high-grade gold values, with drilling highlights include 4.0 m interval at 24.92 g/t Au, including 1.60 m at 61.68 g/t Au from 70.50 m downhole.
President and CEO Tim Froude commented, “We are very pleased to report that the high-grade Footwall Splay has been expanded by about 27 metres and now has both a strike length and a down-dip length of approximately 40 m. Mineralized zones of this nature include the high-grade Swan Zone at Fosterville in Australia which has limited strike and variable dip components in a geological setting analogous to Moosehead. A second drill rig will be mobilized in early February to test high-priority targets from the 2019/20 magnetics and till sampling programs. We expect a steady flow of results from the assays that are still outstanding to be reported in the next 3 to 4 weeks.”
Sokoman Minerals 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.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Wallace Precious Metals The author has made every effort to ensure accuracy of information provided; however, neither Wallace Precious Metals nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Wallace Precious Metals and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
