Step-Out Drilling Intersects Shallow Mineralisation At Moosehead Project
Sokoman Minerals Corp. (TSX.V: SIC) has hit shallow, high-grade gold with its ongoing Phase 6 drilling programme at the 100%-owned Moosehead Property in Newfoundland.
Step-out drilling at the South Pond discovery at Moosehead has intersected near-surface (30m vertically), high-grade gold mineralisation. The success follows recent high-grade intersections including 5.0 m of 26.87 g/t Au from MH-20-123 were reported in November 2020 at South Pond.
President and CEO, Tim Froude, said diamond drill hole MH-21-141, drilled as a step-out 15 m to the north of MH-20-123, returned 4.20 m of 64 g/t Au, including 1.20 m at 223.63 g/t Au from 47.90 m downhole.
“We are extremely pleased with the drill results from the South Pond target as it continues to develop into yet another potentially significant story at Moosehead,” Mr Froude said.
“We are currently cutting additional pads to facilitate detailed drilling of this zone where Rig 1 will be focused for the next few weeks.
“We know that mineralisation elsewhere on the property, and in particular our higher-grade zones, can have variable orientations within and adjacent to our main structural corridors, requiring detailed drilling to establish direction and maximize success.
“In the meantime, newly arrived Rig 2 will focus on high-priority targets outside of the known mineralised trends, and we consider the chances of additional discoveries to be quite high.
Drilling operations will continue until the spring break-up. We have now drilled 37 holes for a total of 6,872m in Phase 6 of the total planned 20,000m.”
Assays were also received for drill hole MH-21-140, collared approximately 15 m to the south of MH-20-123, which returned a 6.70 m interval averaging 3.24 g/t Au, including 1.20 m at 16.96 g/t Au from 42 m downhole.
Gold mineralisation was discovered in quartz float along the northern shoreline of South Pond by earlier workers and was further evaluated by Sokoman last summer. This evaluation resulted in the discovery of two types of mineralisation, a high-grade cluster that averaged 36.59 g/t Au, and a previously known lower-grade cluster that averaged 1.91 g/t Au.
In 2020, drilling beneath the high-grade boulders returned a quartz vein zone at 47 m that averaged 26.87 g/t Au over 5 m, including 60.59 g/t Au over 2.15 m, the likely in-situ source of the high-grade boulders.
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.