Sokoman Minerals Stock Price, News & Analysis

Sokoman Minerals Corp. (TSXV:SIC) (OTCQB:SICNF) has signed an option agreement with Trans Canada Gold Corp. (TSXV:TTG) allowing Trans Canada to earn a 100% interest in the Crippleback Lake Gold property, spanning 3,025 ha. This involves the issuance of 1,250,000 shares and cash totaling $600,000 over four years, with a 1% net smelter return royalty retained by Sokoman. The property is strategically located near key gold deposits in Newfoundland, enhancing exploration potential. Both companies anticipate collaboration to advance the project.

Sokoman Minerals Corp. (TSXV: SIC) and Benton Resources Inc. (TSXV: BEX) have jointly acquired the 324 claim (8,100 hectare) Grey River Gold Project in southern Newfoundland. This acquisition enhances Sokoman's standing as one of the largest landholders in Newfoundland, with ownership or co-ownership of over 150,000 hectares. The Grey River property is rich in gold, with previous samples showing grades up to 225 g/t Au. The focus will be on high-grade gold exploration associated with distinct geological features.

Sokoman Minerals Corp. (SICNF) has entered a strategic alliance with Benton Resources Inc. to jointly acquire and explore gold opportunities in Newfoundland. They have staked the 3,146 claim Golden Hope Joint Venture, covering 78,650 hectares, making it one of the largest gold properties on the island. This Property is linked to significant gold deposits and discoveries, including Sokoman's Moosehead Project. Additionally, the partnership involves a 50-50 Joint Venture on Benton’s Kepenkeck Gold Property, enhancing their exploration prospects in the Central Newfoundland Gold Belt.

Sokoman Minerals Corp. has announced shareholder approval for Mr. Eric Sprott to acquire over 20% of the company during its Extraordinary General Meeting held on May 18th. Sokoman is focused on gold projects in Newfoundland & Labrador, including Moosehead, Crippleback Lake, and the recently acquired Fleur de Lys project, covering over 50,000 hectares. The company expresses gratitude to the Government of Newfoundland and Labrador for its financial support of the Moosehead Project through the Junior Exploration Assistance Program.

Sokoman Minerals Corp. announced the latest Phase 6 drilling results at the Moosehead Property, revealing significant near-surface high-grade gold mineralization. Key intersections include MH-21-165 with 4.10 m of 21.61 g/t Au and MH-21-164 with 4.05 m of 22.62 g/t Au. The drilling confirms the continuity and quality of gold mineralization. A planned aggressive drilling campaign of 50,000 meters aims to further explore these promising zones, with two active rigs. Sokoman's Moosehead Project, located in Newfoundland, targets high-grade turbidite-hosted gold mineralization.

Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) has announced promising results from ongoing Phase 6 drilling at its Moosehead Property. Significant high-grade gold mineralization was detected at the Footwall Splay and South Pond Zones, including notable drill results such as 3.50 m of 12.39 g/t Au and 11.60 m of 21.07 g/t Au. A new mineralized structure was also discovered at South Pond. The company plans a barge-based drill program to further explore these areas. Drilling is temporarily suspended but expected to resume in mid-to-late May 2021.

Sokoman Minerals Corp. (TSX.V: SIC, OTCQB: SICNF) has entered an option agreement with Canterra Minerals for the East Alder Gold Project in Newfoundland. Canterra can acquire 100% of East Alder by issuing 750,000 shares and committing $600,000 in work over four years. The project features rock samples with gold grades ranging up to 5.3 g/t and a 2-km gold-in-soil trend. Sokoman retains a 1.0% royalty on production. This partnership allows Sokoman to focus on its flagship Moosehead Gold Project, currently undergoing an extensive drill program.

Sokoman Minerals Corp. has appointed Daniel Lee as Vice President of Exploration, bringing over 30 years of experience in base and precious metals. Lee has significantly contributed to major projects, notably the Voisey’s Bay Project and the Hope Brook Gold Mine. Sokoman is ramping up exploration activities at the Moosehead Gold Project, with ongoing drilling focused on high-grade zones. The company plans to increase drilling to 50,000 meters by June 1. Significant gold mineralization has been identified, including high-grade results of 44.96 g/t Au and 124.20 g/t Au.

Sokoman Minerals Corp. (TSX.V: SIC) (OTCQB: SICNF) is restructuring its non-brokered private placement of units valued at $6.5 million due to regulations concerning shareholder ownership limits. Major shareholder Eric Sprott intends to invest $5 million, but regulatory policies require shareholder approval for ownership exceeding 20%. The investment will be split into two tranches, with a portion held in trust pending approval. An Extraordinary General Meeting is set for May 18, 2021. Each subscription receipt will convert into units upon receiving the required approval, enhancing shareholder value.