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. and Benton Resources Inc. have discovered a high-grade cesium-rich dyke with grab samples showing up to 1.56% Cs2O. This marks the first high-grade cesium mineralization recorded on Newfoundland. The dyke measures approximately 5 m - 6 m wide and extends for 100 m. The companies will soon begin Phase 3 drilling at the Kraken lithium site, where samples previously showed values exceeding 1% Li2O. The discovery highlights the growing significance of cesium, lithium, and tantalum as critical minerals essential for economic and national security.
Sokoman Minerals Corp. (OTCQB:SICNF) and Benton Resources (TSXV:BEX) announced significant progress in drilling lithium at the Kraken Lithium project and gold at the Grey River Gold project in Newfoundland. The Alliance's winter drilling campaign confirmed lithium-rich dykes with intersections up to 2.37% Li2O and significant lengths, including 0.94% Li2O over 8.4 m. Additionally, the Grey River project is undergoing a 2,000 m gold drilling program, with promising intersections from earlier drilling.
Sokoman Minerals Corp. (OTCQB:SICNF) announced promising drill results from the Moosehead Gold Project, revealing the deepest intersection of visible gold to date. Drill hole MH-22-418 encountered 5.92 m of 4.14 g/t Au, while MH-22-422 showed 7.00 m of 8.03 g/t Au, highlighting a potential new high-grade zone in the Lower Eastern Trend. The company has significant plans for further drilling, targeting an additional 40,000 metres. With over $8 million in funding, Sokoman continues to explore its substantial land holdings in Newfoundland.
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) and Benton Resources Inc. (TSXV:BEX) have initiated drilling at the Grey River Gold Project in Newfoundland. The program includes a planned 20-hole campaign, building on a successful 2021 season. The first two holes are logged and sampled for gold analysis. The Kraken Lithium camp is nearing completion, with drilling set to start soon. Both companies are pursuing aggressive exploration strategies, with commitments for further prospecting and soil sampling at various projects. The alliance controls over 150,000 hectares across Newfoundland.
Sokoman Minerals Corp. (TSXV:SIC, OTCQB:SICNF) announced high-grade assay results from its Moosehead Project, with the 75 Zone now linked to the Eastern Trend. The deepest visible gold was detected at 352 m depth in hole MH-22-418. Key results include:
- MH-22-392: 2.35 m of 25.58 g/t Au
- MH-22-385: 4.29 m of 14.56 g/t Au
- MH-22-366: 1.40 m of 133.94 g/t Au
- MH-22-359: 1.00 m of 95.03 g/t Au
With over $12 million in treasury, Sokoman is poised to continue its extensive drilling campaign targeting high-grade gold mineralization.
Sokoman Minerals Corp. announces plans for ongoing drilling across its Moosehead, Fleur de Lys, and joint venture properties in collaboration with Benton Resources. With a treasury of $13M, the company is set to complete 120,000 metres of diamond drilling by year-end, focusing on high-grade gold and lithium targets. Major efforts include expanding the Eastern Trend at Moosehead, where drilling is in progress with promising past results showing up to 39.57 g/t Au. The company aims to define drill targets for Fleur de Lys while advancing joint venture projects in Grey River and Golden Hope.
Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) reports continued positive results at the Moosehead Project with high-grade gold assay results, including 4.05 m of 14.55 g/t Au and 3.10 m of 15.80 g/t Au. The ongoing drilling program has completed 298 holes, totaling 51,000 m, enhancing confidence in the Main Eastern Trend and 75 Zone. The next phase focuses on deeper sections to further uncover mineralization potential. The company maintains a strategic presence in Newfoundland's burgeoning gold districts, expanding its resources through active drilling.
Sokoman Minerals reported promising results from the Phase 1 C Horizon Till survey at the Fleur de Lys Gold Project, revealing a district-scale gold anomaly. Of the 880 processed till samples, 190 were deemed anomalous, indicating potential gold sources. Rock samples showed significant gold values, with a high of 4.60 g/t Au. The project's prospective area spans approximately 30 km. The exploration aims to identify significant Dalradian-type orogenic gold deposits, similar to well-known deposits in the UK.
Sokoman Minerals Corp. has successfully closed a non-brokered private placement to raise $5 million, primarily through strategic investor Eric Sprott. The allocation includes 12.5 million flow-through units, priced at an exercise rate of $0.45 for 24 months. Funds will be used for further exploration projects, with all securities under a hold period until July 22, 2022. Following this placement, Sprott owns approximately 28.2% of the company’s shares, increasing his stake significantly. CEO Tim Froude expresses gratitude towards investors, indicating a promising year ahead.
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