Receives Final Water Permit For Newfoundland Gold Project
Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) has received the Water Resources Permit from the Government of Newfoundland and Labrador to begin barge-based drilling at the company’s 100%-owned Moosehead Gold Project in central Newfoundland.
A recently arrived third drill rig will be moved onto the barge once the drilling of a fence of holes at the 75 Zone is finished.
The barge drill programme will focus on the Upper Eastern Trend and Footwall Splay targets, estimated to constitute between 5,000m and 10,000m of drilling, with drill hole depths expected to be 100 m or less with a few reaching 215m.
The drill programme is expected to run into the northern fall.
The Moosehead Gold Project is located along the Trans-Canada Highway in north-central Newfoundland, Canada, 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. At least five zones of significant gold-bearing mineralization have been identified at Moosehead with multiple high-priority targets, independent of the known zones, remaining to be tested.
Drilling to date has constituted 23,378 m in 106 holes in Phases 1 to 5, and 24,500m in 135 holes of a planned 50,000m programme in Phase 6. For further information please visit: https://sokomanmineralscorp.com/