03:23:24 EDT Wed 15 May 2024
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Sokoman Minerals Corp
Symbol SIC
Shares Issued 286,506,282
Close 2024-02-14 C$ 0.05
Market Cap C$ 14,325,314
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Sokoman begins drill program at Moosehead

2024-02-14 13:01 ET - News Release

Mr. Timothy Froude reports

SOKOMAN RESUMES DIAMOND DRILLING AT THE MOOSEHEAD GOLD PROJECT, CENTRAL NEWFOUNDLAND

Sokoman Minerals Corp. has begun its winter diamond drilling program, with a focus on extending the recently discovered 552 zone, 400 metres to the east of the main Eastern trend. The 2,500-metre program will test a 150-metre strike length of the zone to a depth of approximately 125 metres, and will take six to eight weeks to complete. Drilling to date on the 552 zone has defined a two m to five m wide zone of quartz veining and quartz breccia carrying fine free gold, sphalerite and boulangerite. The best grade was intersected in hole MH-23-574, which returned five grams per tonne (g/t) gold over a 2.10-metre core length.

Timothy Froude, PGeo, president and chief executive officer, states: "We are eager to get started on extending the new 552 zone to depth and along strike. The 552 zone is extremely important since it represents a new gold-bearing structure on the property. We are confident that the 552 zone has the potential to host sections of significantly higher grades. Three of the five most recent drill holes carried visible gold within 50 m of the surface. It is very encouraging to see so many similarities with our other high-grade zones."

Qualified person

This news release has been reviewed and approved by Mr. Froude, PGeo, a qualified person under National Instrument 43-101, and president and CEO of Sokoman Minerals.

Analytical techniques and quality assurance/quality control (QA/QC)

Samples, including duplicates, blanks and standards, were submitted to Eastern Analytical Ltd. in Springdale, Nfld., for gold analysis. All core samples submitted for assay were saw cut by Sokoman staff with one-half submitted for assay and one-half retained for reference. Samples were delivered in sealed bags directly to the lab by Sokoman staff. Eastern Analytical is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples with visible gold were submitted for total pulp metallics and gravimetric finish. All other samples were analyzed by standard fire assay methods. Total pulp metallic analysis includes the whole sample is crushed to minus 10 mesh; and then pulverized to 95 per cent minus 150 mesh. The total sample is weighed and screened to 150 mesh; the plus 150-mesh fraction is fire assayed for gold (Au) and a 30-gram subsample of the minus 150-mesh fraction is fire assayed for Au, with a calculated weighted average of total Au in the sample reported as well. One blank and one industry-approved standard for every 20 samples submitted is included in the sample stream. Random duplicates of selected samples are analyzed in addition to the in-house standard and duplicate policies of Eastern Analytical. All reported assays are uncut.

About Sokoman Minerals Corp.

Sokoman Minerals is a discovery-oriented company with projects in the province of Newfoundland and Labrador, Canada. The company's primary focus is its portfolio of gold projects: the 100-per-cent flagship, advanced-stage Moosehead, as well as the Crippleback Lake; and East Alder (optioned to Canterra Minerals Corp.) along the Central Newfoundland gold belt, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The company also recently entered into a strategic alliance with Benton Resources Inc. through three, large-scale, joint venture properties, including Grey River, Golden Hope and Kepenkeck in Newfoundland. Sokoman now controls, independently and through the Benton alliance, over 150,000 hectares (over 6,000 claims -- 1,500 square kilometres), making it one of the largest landholders in Newfoundland, in Canada's newest and rapidly emerging gold districts.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the company's property.

The company would like to thank the government of Newfoundland and Labrador for past financial support of the Moosehead and Fleur de Lys gold projects through the Junior Exploration Assistance Program.

We seek Safe Harbor.

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