Sokoman Iron Corp. Announces Exploration Update and Work Programs
January 31, 2017 at 11:14 am
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Sokoman Iron Corp. announced that it is in the process of applying for work permits on its recently acquired Central Newfoundland Gold Property (CNGP). The CNGP consists of three separate properties, namely the East Alder, Crippleback Lake, and Princess Lake properties, all straddling the gold enriched Cape Ray/Valentine Lake/Alder Zone structural trend in central and western Newfoundland. This structural zone hosts a number of significant gold deposits and occurrences including the advanced Cape Ray (Benton Resources Inc.) and Valentine Lake (Marathon Gold) deposits, and the recently announced Alder and CE Zone discoveries by Altius Minerals and Antler Gold on the Wilding Lake Property. The immediate focus for the company will be the East Alder and Crippleback Lake properties, although Princess Lake is also slated for winter soil geochemical surveying. At East Alder, the company will be conducting Phase 1 soil and till geochemical sampling on 100 and 200 meter spaced lines respectively to outline prospecting and trenching targets for the spring. East Alder already hosts two gold showings, both found by the property vendors during a one day site visit in late fall 2016. The showings, considered to be local sub-crop, and found along new logging roads, returned grab sample assays of 653 ppb gold (plus 10.8% copper); and 781 ppb gold respectively. The nearby Alder and CE Zones both feature strong copper mineralization in addition to high grade gold. No follow-up has taken place to date at East Alder and there is no estimate of the scope or scale of the mineralization reported by the vendors. At Crippleback Lake, the company will be commencing a winter till sample program to follow up on the highly successful Phase 1 till sampling program which included gold grain counts up to 57 gold grains (including 43 pristine gold grains) from till samples collected in late 2016. Coincidentally, the gold grain rich areas straddle the interpreted trace of the Rogerson Lake Conglomerate (RLC), which is inferred to run the length of the property. The RLC overlies the major geological structure that runs through the Island of Newfoundland and is believed to control gold mineralization at the Cape Ray (Benton Resources Inc.), and Valentine Lake deposits (Marathon Gold), and the recently discovered Alder and CE Zones (Altius Minerals and Antler Gold) on trend to the southwest of the property. The company intends to collect additional infill till samples on a 50 meter grid surrounding the anomalous samples in order to sharpen prospecting and trenching targets for spring/summer 2017. A limited number of B-horizon soil samples will also be collected to test the effectiveness of soils on the property. The company also plans to continue reviewing and sampling if required, archived drill cores from previous base metal focused exploration programs from the 1960's and 1980's carried out on the property. A total of 12 holes are available and to date two holes have been reviewed and 16 samples have been collected for assay.
Sokoman Minerals Corp. is a Canada-based exploration-stage company, which is focused on identifying, acquiring, and exploring mineral interests. The Companyâs projects include Moosehead, Crippleback, East Alder, Iron Horse, Grey River Gold, Kepenkeck Gold, Golden Hope-Kraken Pegmatite and Fleur de Lys. Moosehead Gold Property consists of 98 claims. The Crippleback is located in north-central Newfoundland. East Alder consists of 30 claims. The Iron Horse project is located approximately 120 km northeast of Labrador City, Labrador. The Fleur de Lys Project comprises over 1,891 claims (47,275 hectares) on the Baie Verte Peninsula of Newfoundland. The Grey River property in southern Newfoundland, consists of 324 claims (8,100 ha) in seven licenses, centered on the community of Grey River. The Golden Hope property is a 3,176-claim (79,400 hectares (ha)) 18 licenses, and is located in southwestern Newfoundland. The Kepenkeck Gold property (595 claims) in east-central Newfoundland.