Solomon Minerals Corp. - President & CEO, Tim Froude.
President & CEO, Tim Froude.
Source: C-Suite Network
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Sokoman Minerals Corp. (SIC) extended gold mineralization during its latest program at the Moosehead Property
  • The property’s eastern trend proved to be prosperous, with two bonanza-grade gold intercepts and other high-grade gold found
  • The eastern trend’s overall results confirmed mineralization to the north and downdip
  • Most holes in the western trend returned low values and remain open for reassessment
  • Drilling at Moosehead will continue with two drills until December 15th
  • Sokoman Minerals Corp. (SIC) is down 9.61 per cent trading at $0.23 per share as of 1:59 p.m. EST

Sokoman Minerals Corp. (SIC) has extended gold mineralization during its latest program at the Moosehead Property in Newfoundland.

The property’s eastern trend proved to be prosperous, with a bonanza-grade of gold found at a depth of roughly 245 metres in one hole.

The company also explored a mineralized zone in hole MH-22-463 which is below a modelled mineralized shell for the eastern trend. The hole returned high grades of gold, with one bonanza-grade intercept.

The eastern trend’s overall results confirmed the continuation of mineralization to the north and down dip, and drilling will continue in those directions.

Source: Sokoman Minerals Corp.

Another 14 holes reported were drilled along the northern edge of the western trend where Sokoman had indications with the potential to expand the zone in that direction.

Most holes in this trend returned low values. The structures remain open to the north where certain anomalies remain unexplained, as well as along strike to the south and down dip. The area will be reassessed over the holiday break for additional testing in 2023.

Drilling at Moosehead will continue with two drills until its holiday break period, which starts December 15th.

Tim Froude, President and CEO of Sokoman, stated,

“Drilling will commence immediately, and we hope to have news before the holiday break in mid-December… we have completed 77,500 metres in phase six with approximately 1,050 samples outstanding at the lab representing all or parts of about 15 holes.”

Sokoman Minerals Corp. (SIC) is down 9.61 per cent trading at $0.23 per share as of 1:59 p.m. EST.


More From The Market Herald

" @ the Bell: Tech leads TSX comeback

It was another rocky day for Canada’s main stock index that ultimately ended up in the green thanks to a lead powered by
Geomega Resources - President & CEO, Kiril Mugerman

" Geomega Resources (TSXV:GMA) granted $3M for recycling demo plant

Geomega Resources (GMA) has been awarded a $3 million grant from the government of Quebec’s Technoclimat Program.
First Hydrogen Corp. - CEO of Automotive, Steve Gill.

" First Hydrogen (TSXV:FHYD) unveils next gen FCEV images

First Hydrogen (FHYD) has received the initial Generation II images for its hydrogen fuel cell vehicle (FCEV), designed in collaboration with EDAG Group.

" Stelmine (TSXV:STH) confirms surface mineralization at the Meridian Gold Zone

Stelmine (STH) released the results of 1,950 metres of drilling from 13 holes in the Meridian Zone of the Mercator property, located in