Sokoman Intersects Further High-Grade Gold At Moosehead
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Sokoman Intersects Further High-Grade Gold At Moosehead

byColin Sandell-Hay, Contributor - The Assay
6 years ago
Reading Time: 3 mins read
Sokoman Intersects Further High-Grade Gold At Moosehead

Extends New Footwall Splay Out To 40m

Sokoman Minerals Corp. (TSX.V: SIC) continues to intersect shallow, high-grade gold in its ongoing Phase 6 drilling at the recently discovered Footwall Splay within its 100%-owned Moosehead Property in Newfoundland, Canada.

 Diamond drill holes MH-20-132 and MH-20-127, drilled prior to the Christmas break, have both returned high-grade gold values, including:

  • MH-20-132 – 4.0 m at 24.92 g/t Au, incl. 1.60 m at 61.68 g/t Au from 70.50 m downhole
  • MH-20-127 – 1.30 m at 9.23 g/t Au, incl. 0.50 m @ 22.72 g/t Au from 48.90 m downhole

In addition to the Footwall Splay mineralisation, MH-20-132 also cut a lower zone of mineralisation (possibly the Eastern Trend Main Zone) over 22.10 m (core length) averaging 1.65 g/t Au, including higher grade zones of up to 2.80 m of 4.36 g/t Au starting at 96.90 m downhole.

President and CEO, Tim Froude, said this zone remains open and will receive further testing.

“We are very pleased to report that the high-grade Footwall Splay has been expanded by about 27 metres and now has both a strike length and a down-dip length of approximately 40 m (the zone is largely flat-lying),” Mr Froude.

“The splay has been intersected in at least 5 drill holes – MH-18-01, MH-20-115, MH-20-116 – and now also MH-20-127 and MH-20-132.

“The mineralisation in MH-20-132 and 127 extends the zone at least 27 m and remains open to the north, south and west.

“It is believed that the Splay merges with the adjacent Main Zone located immediately to the east. Mineralised zones of this nature include the high-grade Swan Zone at Fosterville in Australia which has limited strike and variable dip components in a geological setting analogous to Moosehead.

“A second drill rig will be mobilised in early February to test high-priority targets from the 2019/20 magnetics and till sampling programmes. We expect a steady flow of results from the assays that are still outstanding to be reported in the next 3 to 4 weeks.”

Approximately 6,500 m has been completed in 30 holes to date in the Phase 6 Programme.

Logging and sampling is ongoing, along with the upgrading of the new core building. The program has increased from 10,000 to 20,000m of which 15,000m will be dedicated to the Western and Eastern Trends and the adjacent Footwall Splay.

The remaining 5,000m will test high-priority magnetic and geochemical targets elsewhere on the property..

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 mineralization.

The gold 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 and 4.8 m of 33.59 g/t A, including 0.90 m of 124.15 g/t Au.

Tags: CanadaExplorationNewfoundlandPrecious MetalsTSXV:SIC
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Colin Sandell-Hay, Contributor - The Assay

Colin Sandell-Hay, Contributor - The Assay

Colin Sandell-Hay is a multi-award-winning mining journalist and investor relations specialist with a major focus on the resources sector. He has 48 years of editorial and public relations experience, with more than 30 of those in business and resources media. His in-depth, technical knowledge was recognized in 2010 when he was presented with the coveted APPEA JN Pierce Award as the leading petroleum journalist in Australia. Colin is currently a freelance news editor and features writer for The Assay.

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