Editor’s Note: Get caught up in minutes with our speedy summary of today’s must-read news stories and expert opinions that moved the precious metals and financial markets. Sign up here!
 |
| Drillholes plan at Moosehead project. Image credit: Sokoman Minerals. |
(Wallace Refiners) – Sokoman Minerals (TSXV: SIC) (OTCQB: SICNF) announced 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.
Best drill intersections include upper interval of 47.20 g/t Au over 4.60 m from 64.00 m downhole and lower interval of 68.70 g/t Au over 8.10 m from 111.20 m downhole.
President and CEO Tim Froude said “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.”
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.
