Drill Additional High-Grade Intercepts At Footwall Splay At Moosehead
Sokoman Minerals Corp. (TSXV: SIC) has has discovered a new, near-surface, mineralised structure at the South Pond Zone at the 100%-owned Moosehead Property in Newfoundland.
The company’s ongoing Phase 6 drilling at Moosehead Property has intersected additional near-surface, high-grade gold mineralisation at the Footwall Splay and South Pond Zones.
President and CEO, Tim Froude, said visible gold-bearing quartz veins were intersected in eight recently completed drill holes at the Footwall Splay, including the following three holes.
- MH-21-157 – 3.50 m of 12.39 g/t Au, including 1.50 m of 28.57 g/t Au from 36.30 m downhole;
- MH-21-163 – 11.60 m of 21.07 g/t Au, including 5.10 m of 30.82 g/t Au from 44.0 m downhole;
- MH-21-166 – 5.10 m of 15.51 g/t Au, including 2.80 m of 27.68 g/t Au from 9.00 m downhole, (MH-21-166 collared in a visible gold-bearing quartz vein)
- South Pond
- MH-21-147 – 3.05 m of 16.54 g/t Au, including 0.85 m at 58.91 g/t Au from 72.40 m downhole
- The new zone has been intersected in drill holes MH-21-152 and 153 – assays are pending.
“Phase 6 is turning out to be one of best programmes to date as we continue to make new discoveries while expanding the known zones at Moosehead with the Footwall Splay and South Pond Zones both showing high-grade, and near-surface results. MH-21-163 and 166 are 25 m and 40 m step-outs to the south of the previously reported MH-21-115 which cut both the Footwall Splay and the Main Eastern Trend, returning 4.60 m of 47.20 g/t Au and 8.10 m of 68.25 g/t Au respectively. MH-21-166, the southern-most hole in the Footwall Splay, collared in visible gold-bearing quartz veining, and the zone remains open to the south,” Mr Froude said.
“During the final two weeks of drilling, we focused both drills at the Footwall Splay to take advantage of the last of the ‘winter’ ground conditions and we are very pleased with the results. It is still early days for these zones, but we see multiple mineralised structures emerging in the South Pond area.
“A barge-based drill programme is required to test the intersection of the Footwall Splay and the Main Eastern Trend, a structural setting that could represent a scenario similar to the high-grade Eagle/Swan Zone at the Fosterville Mine in Australia.
“Permitting is underway for the barge-based drill program which is expected to start later this summer and where our fourth drill will focus. Drilling has been temporarily suspended and is expected to resume in mid-to-late May with two drills onsite, and a third drill expected in early June.”
Footwall Splay/Eastern Trend Main Zone
The Footwall Splay is a north-south striking, shallow east-dipping zone that lies less than 50 m vertically below surface that appears to be an offshoot of the Eastern Trend Main Zone. At Fosterville, offsets or splays off the main structures such as the Swan Zone carry high-grade gold mineralisation.
The Footwall Splay has been intersected in at least 14 holes over a minimum strike length of 130 m, up to 25 m in width, and at least 2.5 m in thickness, and remains open. A barge-based programme will be most effective to test these targets and permitting is in progress to facilitate the programme.
South Pond Zone
The recently completed drill programme at South Pond has expanded the strike length to 125 m, the depth to 80 m (from surface), and the width to at least 3 m, with the zone remaining open along strike and to depth.
Drill hole MH-21-147, reported in this release, cut 3.05 m of 16.54 g/t Au and further builds on this expanding zone. The recent drilling has also revealed a new, near-surface, mineralised structure that has been intersected in at least two holes, MH-21-152 and 153 (assays pending), the most easterly and southerly holes drilled, leaving the zone open for expansion.
This structure is similar to the South Pond Zone with host units, variably deformed sediments, with locally-intense quartz veining carrying 1%-5% disseminated pyrite, arsenopyrite, sphalerite and boulangerite as accessory sulphides. Modelling is underway to determine the orientation of this new discovery that will be further tested once drilling resumes.