Promising Results From Newly Recognised Splay At Eastern Trend
Sokoman Minerals Corp. (TSXV: SIC) has returned high-grade gold in a near-surface, newly recognized splay off of the main Eastern Trend with ongoing drilling at the Moosehead Project in Newfoundland.
Drill holes MH-20-115 and MH-20-116 were collared to the south of discovery hole MH-18-01, as part of the company’s 10,000-metre Phase 6 programme.
Rush assay results (metallics) from MH-20-115 returned two intersections* of:
- upper interval of 47.20 g/t Au over 4.60 m from 64.00 m downhole
- lower interval of 68.70 g/t Au over 8.10 m from 111.20 m downhole
President and CEO, Tim Froude, said rush assays for MH-20-116, located 10 m further south of MH-20-115, also intersected two zones, including an upper interval of 11.85 g/t Au over 1.80 m from 54.50 m downhole, and a lower interval of 2.94 g/t Au over 4.30 m, including 7.57 g/t Au over 1.25 m, from 183.80 m downhole.
“The drill results continue to demonstrate the high-grade nature of the gold mineralization at the Moosehead Project. They also reinforce the importance of tighter drill hole spacing in these Fosterville style gold systems which provide key insights into high-grade gold variability and orientation,” Mr Froude said.
“The Phase 6 programme is continuing with one drill due to limited equipment availability given the high level of exploration in the province. As a result, we will be testing high-priority targets defined by till and magnetic surveys while we wait for all the pending assay results. We expect the drilling to continue into 2021, since several targets require winter conditions to allow access and we are also applying for permits for ice-based drilling in the winter.”
A total of 4,009 metres in 15 holes has been completed testing target areas including three holes in the Western Trend (MH-20-111, 113 and 114) and 12 holes in the Eastern Trend. Drilling in the Western Trend focused on testing deeper portions of the zone and all three holes intersected structures with variable quartz veining with disseminated pyrite and arsenopyrite. To date, only MH-20-114 has been sampled and assays are pending; the other two holes, MH-20-111 and 113, are in various stages of logging and sampling.
Drilling on the Eastern Trend has involved a combination of deeper, 50-100-m spaced holes testing below the 200-metre vertical level at the north end with shallow targets in the southern portion, where only a single shallow hole (MH-20-122) has tested the zone. This drilling also includes the lower intersections in MH-20-115 and 116 as discussed above.
The 100%-owned Moosehead Gold Project is located along the Trans-Canada Highway in North Central Newfoundland, on the same structural trend as the advanced Valentine Lake Project (Marathon Gold), and adjacent to New Found Gold’s Queensway Project. Both the Moosehead and Queensway projects are targeting high-grade, turbidite hosted, Fosterville-type gold mineralisation. The mineralisation has been defined over a 500 m strike length and a 200 m vertical height and remains open, with high-grade drill results including 5.10 m of 124.20 g/t Au.