ST. JOHN’S, Newfoundland and Labrador – (BUSINESS WIRE) – Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) (“the Company” or “Sokoman”) is pleased to announce the appointment of Daniel Lee as Vice President Exploration. His career spanning over 30 years has focused on base and precious metals projects in Newfoundland and Labrador, starting with Noranda in the late 1980s, and has worked on VMS properties in central NL, particularly on the delineation of the duck pond deposit. After joining Archean Resources in 1996, Dan was a key member of the geological team that developed the Voisey’s Bay project, initially as the core geologist for logging, and continued to work with subsequent companies to become Senior Geologist who worked with Vale in multidisciplinary Teams worked together to provide key inputs for pre-feasibility and feasibility studies at Voisey’s Bay. He then moved to Coastal Gold in 2010 as a project manager at the former Hope Brook Gold Mine, where efforts were directed to assess the remaining resource for the completion of a preliminary economic analysis. Dan joined the Sokoman Minerals team in 2018 and has led exploration for the project since then.
Tim Froude, President and CEO of Sokoman, said, “I’ve known Dan since we were students at Memorial University in the 1980s. I have admired his progress and achievements over the years and was fortunate enough to convince him to join our team after we acquired the Moosehead project in 2018. There is no one who knows as much about Moosehead as he does, and the success we have enjoyed is a direct result of his tireless efforts and passion for the project. As we intensify activities at Moosehead, Dan’s experience with advanced projects will be crucial in taking the project to the next level. ”
The current phase 6 program is to be continued as long as possible in the spring. The two current drills are testing the high grade Footwall Splay / Eastern Trend Zones with a 10-hole program to expand the program of near-surface zones. The South Pond and Footwall Splay / Eastern Trend test results are pending and will be released within the next two to three weeks. All previous results will be fully checked at this point.
Although the drilling is slower and more complicated during the resolution phase due to logistical concerns, the base wall expansion / east trend zones are relatively easy to access and it was decided to use our location and continue drilling this period. It is planned to increase the four drills and the planned 50,000 m of holes that were announced as of June 1st.
About the Moosehead Gold Project
The 100% owned Moosehead gold project is located on the Trans-Canada Highway in north-central Newfoundland and is in the same structural trend as the advanced Valentine Lake project (Marathon Gold) adjacent to New Found Gold’s Queensway project . Both the Moosehead and Queensway projects target high-grade, turbid-hosted Fosterville-style gold mineralization. Significant gold mineralization has been identified in at least five separate zones including the easterly trend where mineralization has been defined and remains open over a strike length of 500 meters and a vertical elevation of 200 meters, with high grade drill results including 11.90 meters from 44 , 96 g / t Au (MH-18-01) and 5.10 m 124.20 g / t Au (MH-18-39).
This news release has been reviewed and approved by Timothy Froude, P. Geo., A “Qualified Person” under National Instrument 43-101 and the President and CEO of Sokoman Minerals Corp..
To ensure a work environment that protects the health and safety of staff and contractors, Sokoman operates under federal and provincial prescribed and recommended guidelines during the current COVID-19 alert.
About Sokoman Minerals Corp.
Sokoman Minerals Corp. is a discovery-driven company with projects in Newfoundland and Labrador, Canada. The Company is primarily focused on its portfolio of gold projects (Moosehead, Crippleback Lake, East Alder) in central Newfoundland and the recently acquired district-scale Fleur de Lys project in northwest Newfoundland, which targets high-grade Dalradian-style gold mineralization – the curraghinalt – Deposit in Northern Ireland.
The company also has a 100% interest in an early stage antimony / gold project in Newfoundland, which is being optioned to White Metal Resources Inc., and in the 100% Iron Horse iron ore project in Labrador.
Mineralization on adjoining and / or nearby properties does not necessarily indicate mineralization on the Company’s property.
The company would like to thank the Newfoundland and Labrador governments for funding the project through the Junior Exploration Assistance Program. Sokoman has been approved to fund part of the exploration activities in 2020.
Neither the TSX Venture Exchange nor its regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Investors are cautioned that trading in the Company’s securities should be viewed as highly speculative. Except for the historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties. Actual results could differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date of this agreement. For more detailed information on potential factors that could affect financial results, see the documents filed with Sokoman Minerals Corp.’s Canadian securities regulators from time to time. be submitted.