Gains Green Light For Newfoundland Drilling
Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) and JV Partner Benton Resources Inc. have received high-grade gold assays up to 134.46 g/t Au (visible gold noted in sample) at the Grey River Joint Venture located on the south coast of Newfoundland.
The JV Alliance collected a series of grab and chip samples from outcrop and local float, and assays range from less than detection to 134.46 g/t Au.
The sampling focused on an area roughly 500 m by 300 m immediately west of Gulch Cove where historical gold values of 225 g/t Au were reported by previous workers.
The high-grade visible gold-bearing sample is located a few metres from tidewater and consisted of a 0.50 cm chip believed to be at the same location as the 225 g/t Au historical sample reported by previous workers. The sample also contained anomalous bismuth (>1000 ppm Bi), and silver (>6 ppm Ag), for which overlimit assaying is pending.
A second sample, contiguous with the aforementioned sample, returned 3.09 g/t Au from a 30 cm chip. In addition, a number of anomalous grab samples ranging from less than detection to 1.22 g/t Au were returned from the sampling over a 500m strike length of the quartz zone that has been mapped by the government over an eight kilometre E-W strike length and up to 300 m in width.
Further sampling along this trend to the west has been completed in recent days and submitted for assay.
The Alliance has also completed sampling of five archived drill holes that were drilled for silica by the Newfoundland government in 1968. The drilling took place approximately two kilometres east of where the high-grade results are located. Examination of the old cores revealed up to 2% disseminated pyrite locally, and for which no records of gold assaying could be found. A total of 23 samples were taken that ranged from 0.25 m to 2.80 m in length with an average length of 1.21 m. Samples were sent to Eastern Analytical Ltd. in Springdale, NL for Au and ICP analysis.
The Alliance has also confimed that drilling permits have been received, and it intends to proceed immediately with sourcing a drill and crew, as well as addressing the logistical issues that will be faced. Drilling will most likely take place in October when conditions on the South Coast are more amenable to flying as it will be a helicopter-supported program. Total metres and number of holes will be refined once the geophysics has been modelled with the assay data and geology.
A recently completed Heliborne High Resolution Magnetic and Matrix Digital VLF-EM Survey flown by Terraquest Ltd totalling 1099-line kilometres is currently being processed and will be used to further refine drill targets on the property.
The Grey River Project is targeting high-grade vein-hosted gold mineralization similar in style to the world class Pogo Mine in Alaska with past production of more than four million ounces of gold and current reserves of 5.9 Mt @ 8.0 g/t gold (1.5 million ounces gold) and resources of 23 Mt @ 9.8 g/t gold (6.9 million ounces gold). Source: Northern Star Resources Website – August 2021.
Mineralisation hosted at the Pogo Mine in Alaska is not necessarily indicative of mineralisation hosted on the Grey River property.
For further information please visit: https://sokomanmineralscorp.com/