RECEIVES WESTERN TREND ASSAYS AT MOOSEHEAD, NEWFOUNDLAND
Sokoman Iron Corp. (SIC.V) has received assay results from the remaining 12 holes completed at the Moosehead project in central Newfoundland, with holes MH-18-07 and MH-18-08 intersecting near-surface, high-grade visible gold veins highlighted by MH-18-08 intersecting two vein zones assaying 1.05 metres at 207.51 grams per tonne gold from 8.50 m downhole, and 2.28 m at 42.36 g/t Au from 33.07 m downhole.
Diamond drill holes MH-18-04 to MH-18-13 focused on the Western Trend (see attached drill plan) approximately 250 m west of the Eastern Trend. Eight of the 15 holes completed in Phase 1 reported visible gold-bearing quartz vein zones. Highlights of the remaining holes are shown in the following table, and a more detailed set of results can be found at the end of this news release including additional intercepts in MH-18-01.
DDH # Total DepthTarget From (m)To (m)Core Length (m)Au (g/t) Visible Gold MH-18-04103.00 m Western Trend 49.85 53.25 3.40 2.60 Y incl51.82 53.00 1.18 5.06 MH-18-0578.50 m Western Trend 47.35 48.50 1.15 3.13 Y incl47.35 47.70 0.35 9.73 Y MH-18-06100.00 m Western Trend 43.00 47.50 4.50 3.50 incl43.00 44.00 1.00 10.62 MH-18-0776.00 m Western Trend 7.00 9.25 2.25 6.19 Y incl7.50 8.70 1.20 10.00 18.20 24.05 5.85 2.79 Y incl18.20 19.00 0.80 14.66 MH-18-08103.00 m Western Trend 8.50 9.55 1.05 207.51 Y incl9.05 9.20 0.15 1,435.58Y 33.07 35.35 2.28 42.36 Y incl33.07 33.62 0.55 131.65 Y MH-18-13247.00 m Western Trend 65.20 66.65 1.45 8.94 Y incl65.20 65.50 0.30 37.33 Y
Note: Core length intercepts reported are 50 to 90% of true thickness.
Timothy Froude, P. Geo., President and CEO, states: "Results from Phase 1 have surpassed our expectations and have given us great cause to be optimistic about the future. The recent financing has provided us with the opportunity to thoroughly evaluate the Moosehead property and to unlock its full potential. Like many structurally controlled gold deposits, this will entail a lot of drilling - likely, closely spaced. Phase 2 will focus on the Eastern Trend's high-grade mineralization intersected in MH-18-01, and continue to build on open-ended zones of mineralization in the Western Trend as well as other areas of the property.