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or Name
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Sokoman Iron Corp
Symbol SIC
Shares Issued 13,550,438
Close 2014-10-17 C$ 0.025
Market Cap C$ 338,761
Recent Sedar Documents

ORIGINAL: Sokoman to acquire Star Trek, Antimony Ridge properties

2014-10-21 12:59 ET - News Release

Received by email:

File: Antimony Ridge Option.docx

/

Sokoman Iron Corp. Options Antimony Properties in Newfoundland 

SIMCOE, ONTARIO - October 21, 2014 - Sokoman Iron Corp.(the "Company") wishes to announce that it has reached an agree
--->ment with local interests to acquire two antimony/gold properties in northeastern Newfoundland.  Pending TSX Venture e
--->xchange approval, the company will acquire a 100% interest in the Star Trek and Antimony Ridge properties subject to a
---> 2% NSR to the vendors by issuing 2 million common shares of Sokoman Iron Corp. 

Star Trek Property

The Star Trek property consists of 62 (1550 hectares) claims located 20 kilometers east of Gander and 70 kilometers no
--->rtheast of the Beaver Brook Antimony Mine, which is currently on care and maintenance. Previous exploration on the pro
--->perty has outlined multiple antimony - in - soil (+/- gold +/- base metals) geochemical anomalies measuring from 500 m
--->eters to 2.9 kilometers in length, and up to 300 metres wide. Trenching by the vendors in 2013 successfully exposed se
--->veral zones of sub-cropping and outcropping antimony (Sb) mineralization, along with locally significant gold Au and b
--->ase metal values ranging up to 38% Sb from grab samples, and up to 0.64% Sb and 186 ppb Au from a 5 meter channel samp
--->le. Locally grab sampling has returned over 3 grams per tonne gold. Previous operators focused on the gold potential o
--->f the region and as a result, none of the strongest Sb-in-soil anomalies has been drill tested. The above noted soil a
--->nomalies are from reconnaissance programs with a 250 meter line spacing.    

Antimony Ridge Property

The Antimony Ridge Property consists of 28 claims (700 hectares) and is located near tidewater on the south coast of N
--->ewfoundland, five kilometers north of the town of St. Alban's.  Historical gold focused exploration by Teck in the 199
--->0's outlined a significant zone of antimony mineralization within an open ended Sb and Au soil geochemical anomaly mea
--->suring at least 1.5 kilometers in length.  A single trench exposed mineralization measuring six meters in width (lengt
--->h unknown) and from which grab samples assayed between 0.1% and 1% Sb (assay limit was 1% Sb and no over range assayin
--->g was completed). The zone has not been drill tested. 

Interim CEO Timothy Froude states; "while we remain committed to finding partners to advance our Iron Horse Project in
---> western Labrador, the iron ore market is currently a very tough sell.  In order to ensure our company remains viable,
---> we have no choice but to pursue other interests in the near term.  These locally based projects will allow us the opp
--->ortunity to achieve market success with a much more reasonable financial commitment."  

This news release has been reviewed and approved by Timothy Froude, P. Geo., a "Qualified Person" under National Instr
--->ument 43-101 and Interim CEO for Sokoman Iron Corp. For further information please contact Timothy Froude at 709-765-1
--->726  or by email at tfroude@sokomaniron.com 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the 
--->TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. The
---> TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release. Except for histori
--->cal information contained herein, this news release contains forward-looking statements that involve risks and uncerta
--->inties.  Actual results may differ materially.  Sokoman Iron Corp. will not update these forward-looking statements to
---> reflect events or circumstances after the date hereof.  More detailed information about potential factors that could 
--->affect financial results is included in the documents filed from time to time with the Canadian securities regulatory 
--->authorities by Sokoman Iron Corp. 




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