Testing High Priority Gold Targets In Newfoundland
Sokoman Minerals Corp.’s (TSXV:SIC) (OTCQB:SICNF) third drill rig has arrived at the company’s 100%-owned flagship Moosehead Gold Project in north-central Newfoundland.
The new rig will be deployed immediately to test high-priority targets in the 75 Zone and Eastern Trend areas where up to 15,000m of the remaining 27,000m remain to be drilled in the current phase.
Once the Water Resources Permit has been received, the drill rig will be relocated to drill from the barge that is ready to be mobilised to the property. The barge programme alone could entail as much as 5,000 to 10,000m, depending on success and depths, to target the Footwall Splay and as much of the Eastern Trend that can be accessed.
The contractor is also in the process of securing the fourth drill rig and crew for deployment as soon as practicable.
Just under 23,000m of the proposed 50,000m Phase 6 programme has been completed to date and multiple strong intersections have been reported from this phase including the holes summarised as follows:
- MH-21-115 (Footwall Splay – Eastern Trend) – 4.60 m @ 47.20 g/t Au; and 8.10 m @ 68.25 g/t Au
- MH-21-163 (Footwall Splay – Eastern Trend) – 18.90 m @ 13.09 g/t Au
- MH-21-141 (South Pond Zone 1) – 4.20 m @ 64.00 g/t Au
- MH-21-123 (South Pond Zone 1) – 5.00 m @ 26.87 g/t Au
- MH-21-203 (75 Zone) – 2.85 m @ 13.67 g/t Au
The 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 mineralisation.
At least five zones of significant gold bearing mineralization have been identified to date at Moosehead and multiple high-priority targets independent of the known zones remain to be tested.
In Phases 1 to 5, the company completed 23,378m (106 holes). The company has to date completed just under 23,000m of a current 50,000m Phase 6 drill programme at Moosehead.
For further information please visit: https://sokomanmineralscorp.com/
