Welcome to our dedicated page for Sokoman Minerals news (Ticker: SICNF), a resource for investors and traders seeking the latest updates and insights on Sokoman Minerals stock.
Sokoman Minerals Corp. (SICNF) is a discovery-focused mineral exploration company advancing high-potential gold and lithium projects in Newfoundland and Labrador. This dedicated news hub provides investors and industry observers with timely updates on exploration progress, strategic partnerships, and corporate developments.
Access official press releases and curated news covering drilling results, joint venture announcements with partners like Benton Resources and Piedmont Lithium, project milestones at flagship assets including Moosehead and Killick Lithium, and financial updates. Our repository ensures transparent tracking of Sokoman's dual focus on Dalradian-type gold systems and critical minerals exploration.
Key updates include technical reports from ongoing exploration programs, strategic financing developments, and analyses of Newfoundland mining district potential. This resource is designed for stakeholders requiring accurate, up-to-date information to monitor Sokoman's position as one of Newfoundland's largest mineral explorers.
Bookmark this page for direct access to primary source materials and expert-curated updates on Sokoman's progress in defining new mineral resources through systematic exploration and collaborative ventures.
Sokoman Minerals Corp. has successfully acquired the Fleur de Lys Project, encompassing 1,891 claims (47,275 hectares) in Newfoundland's Baie Verte Peninsula through staking and option agreements. This project is geologically comparable to the UK’s Curraghinalt Deposit, hosting unexplored gold anomalies. The acquisition is primarily for staking costs, enhancing Sokoman's portfolio alongside its flagship Moosehead Project, with potential for significant gold deposits. Historical exploration has been minimal, indicating opportunities for development.
Sokoman Minerals Corp. reported significant results from its Phase 6 drilling program at the Moosehead Property, uncovering high-grade gold mineralization at South Pond. Notably, drill hole MH-21-141 intersected 4.20 m of 64 g/t Au, including 1.20 m at 223.63 g/t Au. The company plans to continue drilling with two rigs, hoping to expand on discoveries in high-priority zones. They are optimistic about future findings, having drilled 37 holes for a total of 6,872 m in this phase, part of a larger 20,000 m program.
Sokoman Minerals Corp. (TSXV:SIC, OTCQB:SICNF) announced the mobilization of a second diamond drill rig to the Moosehead Gold Project, aiming to test high-priority targets outside known mineral zones. The first drilling site is 200 m east of the main Eastern Trend, focusing on a magnetic and soil anomaly. Historical soil values range from under 5 ppb to 325 ppb Au. The company aims to drill up to 5,000 m across over 10 targets as part of a larger 20,000 m drill program. Results from this phase will help extend known zones and explore new discoveries.
Sokoman Minerals Corp. has announced plans for a non-brokered private placement of flow-through shares at $0.20 each, aiming to raise up to $2 million. The funds will support the Moosehead Gold Project, where the company has achieved promising drill results. The placement, reliant on regulatory approvals, includes a 6% finders' fee. With 6,000 meters of drilling completed out of a planned 10,000 meters for Phase 6, the additional financing will allow for expansion into winter drilling. The company holds a strategic position in the highly mineralized corridor of Central Newfoundland.
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) announced a stock option grant for up to 3,000,000 common shares, subject to TSX Venture Exchange approval. These stock options will be exercisable for five years at an exercise price of Cdn $0.22, which is a 30% premium over the current share price. The company focuses on gold projects in Newfoundland, specifically the Moosehead, Crippleback Lake, and East Alder projects. The Valentine Lake project, located nearby, holds significant mineral reserves and resources, highlighting the promising area for gold exploration.
Sokoman Minerals Corp. (SICNF) announced significant high-grade gold findings from its Moosehead Project in Newfoundland. Recent drilling revealed:
- 47.20 g/t Au over 4.60 m and 68.70 g/t Au over 8.10 m from MH-20-115,
- 11.85 g/t Au over 1.80 m and 2.94 g/t Au over 4.30 m from MH-20-116.
These results indicate the high-grade nature of gold at the site. Exploration is ongoing as the company awaits further assay results. The company also plans to extend its drilling program into 2021.
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) announced positive results from till sampling at the Moosehead Project in Newfoundland, identifying 13 sites with anomalous gold grains ranging from 20 to 111. The calculated gold content varies significantly, with some samples showing up to 440,770 ppb Au. A 10,000 m diamond drilling program is underway, having completed 2,100 m so far. The company will host a webinar on October 20, 2020, to discuss these developments and provide updates on the drilling program.
Sokoman Minerals Corp. has awarded a contract for 10,000 m drilling at the Moosehead Project to Springdale Forest Resources. The first drill rig is mobilizing, with drilling expected to begin soon. The program will focus on the Eastern Trend and explore high-grade mineralization depths. Significant previous drill results include up to 550.30 g/t Au. The company is operating under COVID-19 guidelines to ensure safety. Sokoman is also exploring financial assistance for its ongoing projects.
Sokoman Minerals Corp. has received permits to commence Phase 6 diamond drilling at its 100%-owned Moosehead Gold Project in Newfoundland. The first drill is expected on-site shortly after the Labour Day weekend. Since acquiring the project in 2018, Sokoman has reported significant drill results, including high-grade intersections of gold. The upcoming 10,000 m drilling program aims to expand existing mineralization, with a focus on the lower main zone and new targets. The project shows promise, with mineralization defined over a 500 m strike length and remains open for expansion.
FAQ
What is the current stock price of Sokoman Minerals (SICNF)?
What is the market cap of Sokoman Minerals (SICNF)?
