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Sokoman Minerals Provides Exploration Update at the Fleur de Lys Gold Project, Northwestern Newfoundland

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Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) has provided an update on its 2024 exploration program at the Fleur de Lys Gold Project in northwestern Newfoundland. The company has collected and analyzed 89 rock samples since May 1, 2024, with 37 samples yielding gold assays over 100 ppb and 12 samples exceeding 1,000 ppb gold. The highest grade sample returned 5.47 g/t Au. The exploration has focused on the Golden Bull Prospect, discovered in late 2023, which is part of a larger anomalous area. Sokoman is preparing for a 2,000 m maiden drill program, expected to begin in mid-August, pending final permits. The company is targeting Dalradian-type orogenic gold mineralization, similar to significant deposits in Northern Ireland.

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ha fornito un aggiornamento sul suo programma di esplorazione 2024 presso il Fleur de Lys Gold Project nel nord-ovest di Terranova. L'azienda ha raccolto e analizzato 89 campioni di roccia dal 1 maggio 2024, con 37 campioni che hanno fornito analisi di oro superiori a 100 ppb e 12 campioni che hanno superato 1.000 ppb di oro. Il campione con il grado più elevato ha restituito 5,47 g/t Au. L'esplorazione si è concentrata sul Golden Bull Prospect, scoperto alla fine del 2023, che fa parte di un'area anomala più grande. Sokoman si sta preparando per un programma di perforazione inaugurale di 2.000 m, previsto per iniziare a metà agosto, in attesa dei permessi finali. L'azienda sta mirando a mineralizzazione dell'oro orogenico di tipo Dalradian, simile a depositi significativi nell'Irlanda del Nord.

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ha proporcionado una actualización sobre su programa de exploración 2024 en el Fleur de Lys Gold Project en el noroeste de Terranova. La empresa ha recolectado y analizado 89 muestras de roca desde el 1 de mayo de 2024, con 37 muestras que arrojaron análisis de oro por encima de 100 ppb y 12 muestras que superaron los 1.000 ppb de oro. La muestra de mayor grado retornó 5,47 g/t Au. La exploración se ha centrado en el Golden Bull Prospect, descubierto a finales de 2023, que forma parte de un área anómala más grande. Sokoman se está preparando para un programa de perforación inaugural de 2.000 m, que se espera comience a mediados de agosto, a la espera de los permisos finales. La empresa está apuntando a mineralización de oro orogénico tipo Dalradian, similar a depósitos significativos en Irlanda del Norte.

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF)는 북서부 뉴펀들랜드에 위치한 Fleur de Lys Gold Project의 2024년 탐사 프로그램에 대한 업데이트를 제공했습니다. 이 회사는 2024년 5월 1일부터 89개의 암석 샘플을 수집 및 분석했으며, 37개의 샘플에서 100 ppb 이상의 금 분석 결과가 나왔고, 12개의 샘플이 1,000 ppb 이상의 금 수치를 기록했습니다. 가장 높은 등급의 샘플은 5.47 g/t Au로 나타났습니다. 탐사는 2023년 말에 발견된 Golden Bull Prospect에 집중되었으며, 이는 더 큰 이상 지역의 일부입니다. Sokoman은 최종 허가를 기다리며 2,000 m의 첫 번째 굴착 프로그램을 준비하고 있으며, 이는 8월 중순에 시작될 예정입니다. 이 회사는 북아일랜드의 중요한 매장지와 유사한 Dalradian형 금 광체를 목표로 하고 있습니다.

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) a fourni une mise à jour sur son programme d'exploration 2024 au Fleur de Lys Gold Project dans le nord-ouest de Terre-Neuve. La société a collecté et analysé 89 échantillons de roche depuis le 1er mai 2024, dont 37 échantillons ayant donné des analyses d'or supérieures à 100 ppb et 12 échantillons dépassant 1 000 ppb d'or. L'échantillon de la plus haute qualité a révélé 5,47 g/t Au. L'exploration s'est concentrée sur le Golden Bull Prospect, découvert fin 2023, qui fait partie d'une zone anormale plus large. Sokoman se prépare à un programme de forage inaugural de 2 000 m, qui devrait commencer à la mi-août, sous réserve des permissions finales. L'entreprise cible une minéralisation aurifère orogène de type Dalradian, similaire à des dépôts significatifs en Irlande du Nord.

Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) hat ein Update zu seinem Erkundungsprogramm 2024 für das Fleur de Lys Gold Project im Nordwesten von Neufundland bereitgestellt. Das Unternehmen hat seit dem 1. Mai 2024 89 Gesteinsproben gesammelt und analysiert, wobei 37 Proben Goldgehalte von über 100 ppb und 12 Proben von über 1.000 ppb Gold ergaben. Die Probe mit dem höchsten Gehalt wies 5,47 g/t Au auf. Die Erkundung konzentrierte sich auf den Golden Bull Prospect, der Ende 2023 entdeckt wurde und Teil eines größeren anomalen Gebiets ist. Sokoman bereitet sich auf ein 2.000 m umfassendes erstes Bohrprogramm vor, das voraussichtlich Mitte August beginnen wird, unter Vorbehalt der finalen Genehmigungen. Das Unternehmen zielt auf dalradian-artige, orogene Goldmineralisierung ab, ähnlich wie bedeutende Lagerstätten in Nordirland.

Positive
  • 37 out of 89 rock samples yielded gold assays greater than 100 ppb (0.1 g/t Au)
  • 12 samples returned gold assays exceeding 1,000 ppb (1.0 g/t Au), with a maximum of 5,472 ppb (5.47 g/t Au)
  • Five samples greater than 1.0 g/t Au were from bedrock grabs, indicating in-situ mineralization
  • Multiple high-priority drill targets confirmed for the upcoming 2,000 m Phase 1 drill program
  • Exploration results suggest potential for additional undiscovered gold zones at Fleur de Lys
Negative
  • None.

ST. JOHN'S, NL / ACCESSWIRE / July 25, 2024 / Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ("Sokoman" or the "Company") is pleased to provide the following update from the 2024 exploration program at the 100%-owned Fleur de Lys Project in Newfoundland. An earlier-than-normal melting of snow cover throughout the northern and central portions of the Baie Verte Peninsula allowed an early start to the prospecting season. Since May 1, 2024, the Company has collected and received assay results for 89 rock samples from Fleur de Lys. Most samples were collected from the northern portion of the property, where winter logging activities have opened a large area of prospective ground, including several discreet target areas over a six to eight sq-km area highlighted by the Golden Bull Prospect discovered in late 2023. The total number of samples collected since late 2023 is 124, 34 of which returned gold values greater than 500 ppb to a maximum of 9,020 ppb gold (9.02 g/t Au). More than half of all samples collected over the broader Golden Bull target area since 2023 have returned greater than 100 ppb gold, suggesting potential for additional, undiscovered gold zones at Fleur de Lys.

Highlights of the 2024 rock sampling program include:

  • 89 samples collected and assayed of quartz vein float and quartz vein bedrock samples

  • 37 samples returned gold assays greater than 100 ppb gold (0.1 g/t Au)

  • 12 samples returned gold assays greater than 1,000 ppb gold (1.0 g/t Au) to a maximum of 5,472 ppb gold (5.47 g/t Au)

  • Five samples greater than 1.0 g/t Au were from bedrock grabs

  • Multiple high-priority drill targets are now confirmed for the upcoming Phase 1 drill program, which will focus on the Golden Bull target area; four other areas will also be drill tested

Timothy Froude, P. Geo., President and CEO of Sokoman Minerals, states; "We are very pleased with the progress we have made at Fleur de Lys this year, and we look forward to the start of our 2,000 m maiden drill program, pending receipts of all permits hopefully by mid-August. We are currently evaluating the bids from multiple diamond-drilling contractors while we continue to sharpen drill targets based on our 2024 (and 2023) rock sampling programs. We have received all but one of the required permits and expect the final (water-crossing) permit in the coming weeks. Most of the initial drilling will be in a 2-km by 1.5-km area defined as the Golden Bull Prospect and will consist of multiple 50- to 150-m-long drill holes. We have also confirmed at least one drill hole will test four other targets undergoing last-minute fine-tuning within a larger six to eight sq-km area enclosing the main target (Golden Bull) area. In the meantime, we continue work on other till and rock sample anomalies elsewhere on the property as part of the 2024 program to define future drill targets for later this year or early 2025."

Photo 1: One of many large stylolitic quartz boulders at Golden Bull. (9.02 g/t Au)

Golden Bull Prospect

The Golden Bull Prospect was identified late in 2023, and assays from 35 rock grab samples collected returned assays up to 9.02 g/t Au, from variably banded (stylolitic) quartz blocks locally exceeding several tonnes in weight (Photo 1) and previously reported in a press release dated October 4, 2023. The 35 samples collected, 17 of which exhibited moderate to strong stylolitic banding (as shown in Photo 2), returned assays greater than 500 ppb (0.50 g/t Au) to a maximum of 9,020 ppb (9.02 g/t Au). The Golden Bull Prospect lies within a larger area (Map 1) of anomalous till and soil geochemistry outlined by Sokoman since 2023, as well as geochemical and geophysical (VLF-EM) anomalies identified by historical work completed by Noranda Inc. in the late 1980s.

The district-scale Fleur de Lys Project is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. Curraghinalt is currently one of the largest undeveloped gold deposits in the Caledonian-Appalachian Orogen, hosting more than six million ounces of gold.

Photo 2: Typical stylolitic banded quartz at 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 are the key findings from Sokoman Minerals' 2024 exploration at Fleur de Lys?

Sokoman Minerals' 2024 exploration at Fleur de Lys yielded 37 samples with gold assays over 100 ppb, including 12 samples exceeding 1,000 ppb gold, with a maximum grade of 5.47 g/t Au. Five samples over 1.0 g/t Au were from bedrock grabs, indicating in-situ mineralization.

When is Sokoman Minerals (SICNF) planning to start drilling at Fleur de Lys?

Sokoman Minerals (SICNF) is planning to start a 2,000 m maiden drill program at Fleur de Lys by mid-August 2024, pending receipt of the final water-crossing permit.

What type of gold mineralization is Sokoman targeting at the Fleur de Lys Project?

Sokoman is targeting Dalradian-type orogenic gold mineralization at the Fleur de Lys Project, similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland.

What is the Golden Bull Prospect at Sokoman's Fleur de Lys Project?

The Golden Bull Prospect is a gold target discovered by Sokoman in late 2023 at the Fleur de Lys Project. It has yielded samples up to 9.02 g/t Au and is part of a larger anomalous area that will be the focus of the upcoming drill program.

SOKOMAN MINERALS CORP

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