STOCK TITAN

Sokoman Minerals Commences Phase 1 Diamond Drilling Program at the Fleur de Lys Gold Project, Northwestern Newfoundland

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) has launched a 2,000-meter Phase 1 diamond drilling program at its Fleur de Lys Gold Project in northwestern Newfoundland. The program will consist of 20 holes averaging 100 meters in depth, targeting historical showings and newly identified prospects, including the Golden Bull area discovered in 2023. The drilling aims to test at least five distinct target areas, with approximately 50% of the program focused on Golden Bull.

The Golden Bull Prospect has shown promising results, with 124 grab samples yielding 34 values >500 ppb Au and a maximum of 9.02 g/t Au. The company is targeting Dalradian-type, orogenic gold mineralization similar to the Curraghinalt deposit in Northern Ireland, which hosts over 6 million ounces of gold. Drilling will be conducted by Springdale Forest Resources, with assaying performed by Eastern Analytical

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ha lanciato un programma di perforazione con diamante di 2.000 metri nella Fase 1 del suo progetto Fleur de Lys Gold nel nord-ovest di Terranova. Il programma consisterà in 20 fori con una profondità media di 100 metri, mirando a manifestazioni storiche e a nuovi potenziali aree identificate, inclusa l'area Golden Bull scoperta nel 2023. La perforazione mira a testare almeno cinque aree target distinte, con circa il 50% del programma focalizzato su Golden Bull.

Il Golden Bull Prospect ha mostrato risultati promettenti, con 124 campioni prelevati che hanno fornito 34 valori >500 ppb Au e un massimo di 9,02 g/t Au. L'azienda sta puntando a mineralizzazioni orogeniche di tipo Dalradian, simili a quelle del giacimento Curraghinalt nell'Irlanda del Nord, che ospita oltre 6 milioni di once d'oro. Le perforazioni saranno effettuate da Springdale Forest Resources, con analisi condotte da Eastern Analytical.

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ha lanzado un programa de perforación de diamante de 2,000 metros en la Fase 1 de su Proyecto de Oro Fleur de Lys en el noroeste de Terranova. El programa constará de 20 pozos con una profundidad promedio de 100 metros, apuntando a manifestaciones históricas y nuevos prospectos identificados, incluida el área Golden Bull descubierta en 2023. La perforación tiene como objetivo evaluar al menos cinco áreas objetivo distintas, con aproximadamente el 50% del programa concentrado en Golden Bull.

El Prospecto Golden Bull ha mostrado resultados prometedores, con 124 muestras que arrojaron 34 valores >500 ppb Au y un máximo de 9.02 g/t Au. La empresa está apuntando a mineralización de oro orogénico tipo Dalradian similar al depósito Curraghinalt en Irlanda del Norte, que alberga más de 6 millones de onzas de oro. La perforación será realizada por Springdale Forest Resources, con análisis llevados a cabo por Eastern Analytical.

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF)는 1단계 다이아몬드 시추 프로그램을 2,000미터로 출시했습니다, 이는 북서부 뉴펀들랜드에 위치한 Fleur de Lys Gold Project에서 진행됩니다. 이 프로그램은 평균 100미터 깊이의 20개 구멍으로 구성됩니다, 과거 발굴 현상과 새로 확인된 광 prospect들을 대상으로 하며, 2023년에 발견된 Golden Bull지역도 포함됩니다. 시추는 최소 5개의 서로 다른 목표 지역을 테스트하는 것을 목표로 하며, 프로그램의 약 50%는 Golden Bull에 집중될 예정입니다.

Golden Bull Prospect는 유망한 결과를 보여주었으며, 124개의 채취 샘플이 500 ppb Au를 초과하는 34개의 값을 나타냈고 최대 9.02 g/t Au를 기록했습니다. 이 회사는 북 아일랜드의 Curraghinalt 매장과 유사한 Dalradian형 오로지 금광물화를 목표로 하고 있으며, 이 매장은 600만 온스 이상의 금을 보유하고 있습니다. 시추는 Springdale Forest Resources에서 수행하며, 분석은 Eastern Analytical이 수행합니다.

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) a lancé un programme de forage diamantaire de 2 000 mètres dans le cadre de la Phase 1 de son projet Fleur de Lys Gold, situé dans le nord-ouest de Terre-Neuve. Le programme comprendra 20 forages d'une profondeur moyenne de 100 mètres, ciblant des manifestations historiques et de nouveaux prospects identifiés, y compris la zone Golden Bull découverte en 2023. Le forage vise à tester au moins cinq zones cibles distinctes, environ 50 % du programme étant concentré sur Golden Bull.

Le prospect Golden Bull a montré des résultats prometteurs, avec 124 échantillons prélevés donnant 34 valeurs >500 ppb Au et un maximum de 9,02 g/t Au. L'entreprise vise une minéralisation aurifère orogénique de type Dalradian, semblable au gisement de Curraghinalt en Irlande du Nord, qui abrite plus de 6 millions d'onces d'or. Le forage sera effectué par Springdale Forest Resources, avec les analyses réalisées par Eastern Analytical.

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) hat ein 2.000-Meter-Diamantbohrprogramm der Phase 1 gestartet für sein Fleur de Lys Goldprojekt im nordwestlichen Neufundland. Das Programm wird aus 20 Löchern mit einer durchschnittlichen Tiefe von 100 Metern bestehen, die historische Auffälligkeiten und neu identifizierte Perspektiven anvisieren, einschließlich des 2023 entdeckten Golden Bull Gebiets. Die Bohrungen zielen darauf ab, mindestens fünf verschiedene Zielgebiete zu testen, wobei etwa 50% des Programms auf Golden Bull konzentriert sind.

Der Golden Bull Prospect hat vielversprechende Ergebnisse gezeigt, mit 124 Grabproben, die 34 Werte >500 ppb Au und ein Maximum von 9,02 g/t Au lieferten. Das Unternehmen zielt auf goldhaltige Mineralisierungen vom Dalradian-Typ, die dem Curraghinalt-Vorkommen in Nordirland ähnlich sind, welches über 6 Millionen Unzen Gold beherbergt. Das Bohren wird von Springdale Forest Resources durchgeführt, während die Analyse von Eastern Analytical erfolgt.

Positive
  • Commencement of 2,000-meter Phase 1 diamond drilling program at Fleur de Lys Gold Project
  • Golden Bull Prospect yielded 34 grab samples with >500 ppb Au, max 9.02 g/t Au
  • Targeting Dalradian-type gold mineralization similar to 6+ million ounce Curraghinalt deposit
  • 50% of drilling program focused on promising Golden Bull area
Negative
  • None.

ST. JOHN'S, NL / ACCESSWIRE / August 22, 2024 / Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ("Sokoman" or the "Company") is pleased to announce that a diamond drill rig has been mobilized to the Fleur de Lys Property, with drilling to commence immediately. The 2,000-m, Phase 1 program will test historical showings and targets generated by Sokoman's 2021-2024 till / prospecting programs, including the Golden Bull prospect discovered in 2023.

The program is planned for 20 holes at an average depth of 100 m, with drilling beginning at the southern end of the area to test targets identified, but not tested, by Noranda in the 1980s and ending at the Golden Bull area in the central portion of the six to eight km2 target area with approximately 50% of the program planned for Golden Bull.

Timothy Froude, P.Geo., President and CEO of Sokoman Minerals states; "We are very pleased to start our maiden drill program at Fleur de Lys. We have systematically explored the property during the past three years, targeting world-class, Dalradian-type, orogenic gold mineralization in a similar geological environment in Northern Ireland and the United Kingdom. The Curraghinalt deposit in Northern Ireland, hosting more than six million ounces of gold, is currently one of the largest undeveloped gold deposits in the Caledonian-Appalachian Orogen. The program will test at least five distinct target areas highlighted by the Golden Bull Prospect, including targets not tested by Noranda in the late 1980s. Regional exploration will continue to define till and rock sample anomalies to generate more drill targets."

The six to eight km2 target area includes several discrete targets highlighted by the Golden Bull Prospect, which is defined by 124 grab samples, with visible gold noted, and with 34 values >500 ppb Au to a maximum of 9,020 ppb (9.02 g/t) Au, in laterally extensive stylolitic quartz float consisting of angular to sub-angular boulders. Approximately 50% of the grab samples from the broader Golden Bull target area have given values >100 ppb Au, suggesting the potential for additional, undiscovered gold zones.

Drilling will be conducted by Springdale Forest Resources based in Springdale, NL, utilizing a Duralite tracked rig recovering NQ size drill core. The program will run on a day-shift-only basis with a two-man drill crew working a 12-hour shift. Assaying will be done at Eastern Analytical Ltd., in Springdale, approximately 90 km by Provincial highways from the Fleur de Lys property.

Photo 1: Tim Froude with a typical boulder from Golden Bull - Fleur de Lys Project

QP

This news release has been reviewed and approved by Timothy Froude, P.Geo., a "Qualified Person" under National Instrument 43-101 and President and CEO of Sokoman Minerals Corp.

Analytical Techniques / QA/QC

Samples, including duplicates, blanks, and standards, are submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for gold analysis. Eastern Analytical Ltd. is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples are delivered in sealed bags directly to the lab by Sokoman personnel. All samples of quartz vein material were submitted for total pulp metallics and gravimetric finish. Total pulp metallic analysis includes: the whole sample is crushed to -10 mesh; and then pulverized to 95% -150 mesh. The total sample is weighed and screened to 150 mesh; the +150 mesh fraction is fire-assayed for Au, and a 30 g subsample of the -150 mesh fraction is fire-assayed for Au; with a calculated weighted average of total Au in the sample reported as well. One blank and one industry-approved standard for every twenty samples submitted is included in the sample stream. Random duplicates of selected samples are analyzed in addition to the in-house standard and duplicate policies of Eastern Analytical Ltd. All reported assays are uncut.

About Sokoman Minerals Corp.

Sokoman Minerals Corp., based in Newfoundland and Labrador, Canada, focuses primarily on its gold projects, including the wholly-owned Moosehead, Crippleback Lake, and the extensive Fleur de Lys project near Baie Verte. This latter project aims to discover Dalradian-type orogenic gold mineralization like the Curraghinalt and Cavanacaw deposits in Northern Ireland. The company has also partnered with Benton Resources Inc. on three large-scale joint ventures: Grey River, Killick Lithium formerly Golden Hope, and Kepenkeck, positioning Sokoman as one of the largest landholders in Canada's emerging gold districts.

In October 2023, Sokoman and Benton entered into an agreement with Piedmont Lithium Inc. to advance the Killick Lithium Project. Under this deal, Piedmont can acquire up to 62.5% of the project by investing up to $12 million in exploration and issuing $10 million in shares over three phases. The project, previously known as Golden Hope, is now part of Killick Lithium Inc., a subsidiary of Vinland Lithium Inc., in which Piedmont has acquired a 19.9% stake for $2 million. Sokoman and Benton maintain operational control during the earn-in phases and retain a 2% NSR royalty on future production. Additionally, Piedmont holds exclusive marketing and first-refusal rights on the lithium concentrates for the life of the mine.

Projects optioned with optionee fully vested:

  • East Alder Project optioned to Canterra Minerals Inc (SIC retains 850,000 shares of CTM plus 1% NSR)

  • Startrek Project optioned to Thunder Gold (SIC retains 1,750,000 shares of TGOL plus 1% NSR)

The Company would like to thank the Government of Newfoundland and Labrador for the financial support of the Moosehead and Fleur de Lys Projects through the Junior Exploration Assistance Program during the past few years.

For more information, please contact:

Timothy Froude, P.Geo., President & CEO

Cathy Hume, VP Corporate Development, Director

T: 709-765-1726

T: 416-868-1079 x 251

E: tim@sokomanmineralscorp.com

E: cathy@chfir.com

Website: www.sokomanmineralscorp.com | Twitter: @SokomanMinerals
Facebook: @SokomanMinerals | LinkedIn: @SokomanMineralsCorp

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp.

SOURCE: Sokoman Minerals Corp.



View the original press release on accesswire.com

FAQ

What is the scope of Sokoman Minerals' (SICNF) Phase 1 drilling program at Fleur de Lys?

Sokoman Minerals' Phase 1 drilling program at Fleur de Lys consists of 2,000 meters across 20 holes, averaging 100 meters in depth. It will test historical showings and new targets, including the Golden Bull prospect.

What were the key findings from the Golden Bull Prospect at Sokoman Minerals' (SICNF) Fleur de Lys project?

The Golden Bull Prospect yielded 124 grab samples, with 34 values exceeding 500 ppb Au and a maximum of 9.02 g/t Au. Approximately 50% of samples from the broader Golden Bull area had values >100 ppb Au.

What type of gold mineralization is Sokoman Minerals (SICNF) targeting at Fleur de Lys?

Sokoman Minerals is targeting Dalradian-type, orogenic gold mineralization at Fleur de Lys, similar to the Curraghinalt deposit in Northern Ireland, which hosts over 6 million ounces of gold.

Who will conduct the drilling and assaying for Sokoman Minerals' (SICNF) Fleur de Lys project?

Drilling will be conducted by Springdale Forest Resources based in Springdale, NL, using a Duralite tracked rig. Assaying will be done by Eastern Analytical in Springdale, NL.

SOKOMAN MINERALS CORP

OTC:SICNF

SICNF Rankings

SICNF Latest News

SICNF Stock Data

7.13M
222.07M
22.17%
Gold
Basic Materials
Link
United States of America
Toronto