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Yahoo
02-05-2025
- Business
- Yahoo
Sokoman Minerals Provides Update at Moosehead Gold Project, Central Newfoundland
St. John's, Newfoundland and Labrador--(Newsfile Corp. - May 2, 2025) - Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman" or the "Company") is pleased to provide the following update from the 100%-owned Moosehead Gold Project in central Newfoundland. Activities at Moosehead are focused on the first of two bulk samples proposed for 2025, which is tentatively scheduled for a late May or early June extraction date. The exact timing could vary depending on contractor availability or other as yet unforeseen factors. The first sample is a conventional bulk sample on the Western Trend using drill and blast methods (see Plan Map 1 for proposed locations). The proposed sample will consist of approximately 1,000 cubic metres of mineralized rock consisting of both high-grade quartz veining plus lower-grade wall rock that detailed channel sampling in late 2024 indicated a weighted-average gold grade of 5.78 grams per tonne gold (g/t Au). The Company has contracted P&E Mining Consultants to provide a proposed pit shell (see Plan Map 2) with a cross-sectional view and drill pattern (pending) to facilitate the sample extraction. Timothy Froude, P. Geo., President and CEO, states, "The time is drawing near for our first bulk sample and the pieces are coming together. This pivotal step will yield critical insights into the metallurgy and gold recoveries at Moosehead, marking a significant milestone in our project's development." The Company is still in active discussions with several third parties with regards to the conventional sample processing and will provide an update when the location and operator has been chosen. In the meantime, the Company is also expecting a formal contract from Novamera Inc. with regards to the second (surgical) sample which is expected to be extracted from the Footwall Splay Zone in the fourth quarter of 2025. This will also be an approximately 1,000 cubic metre sample. Novamera is finalizing the hole locations, and 3-4 geotechnical holes will be drilled prior to setting up the large diameter drill. Novamera Inc. has also informed the Company that the drill is in transit from Europe where it has been undergoing a refit and maintenance work. The rig will first be deployed to a property owned by Great Atlantic Resources, 50 km to the west of Moosehead, to collect a similar sized bulk sample prior to becoming available for Sokoman. Plan Map 1: Proposed bulk sample areasTo view an enhanced version of this graphic, please visit: Plan view of Western Trend Trench - Site of proposed Conventional Bulk SampleTo view an enhanced version of this graphic, please visit: Plan Map 2: Pit Design for Bulk Sample**West HW1 and West HW3 not exposed in current trench - only known in drill coreTo view an enhanced version of this graphic, please visit: Cross Section Through Proposed Western Trend Trench Site for Conventional Bulk Sample To view an enhanced version of this graphic, please visit: QP This news release has been reviewed and approved by Timothy Froude, a "Qualified Person" under National Instrument 43-101 and President and CEO of Sokoman Minerals Corp. Analytical Techniques / QA/QC Samples, including duplicates, blanks, and standards, are submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for gold analysis. All core samples submitted for assay are saw cut by Sokoman personnel with one-half submitted for assay and one-half retained for reference. Samples are delivered in sealed bags directly to the lab by Sokoman personnel. Eastern Analytical Ltd. is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples with visible gold are submitted for total pulp metallics with a gravimetric finish. All other samples are analyzed by standard fire assay methods. Total pulp metallic analysis includes: the entire sample being crushed to -10 mesh; and then pulverized to 95% -150 mesh. The total sample is weighed and screened to 150 mesh; the +150-mesh fraction is fire-assayed for Au, and a 30 g subsample of the -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 twenty 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 Ltd. All reported assays are uncut. About Sokoman Minerals Corp. Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in the province of Newfoundland and Labrador, Canada's emerging gold district. The Company's primary focus is its portfolio of gold projects; the 100%-owned flagship, advanced-stage Moosehead, Crippleback Lake, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The Company entered a strategic alliance with Benton Resources Inc. through three, large-scale, joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland. In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc., a major developer of lithium projects and processing plants in the USA, and exactly the right partner to have to advance the lithium project. For full details of the agreement, please refer to the Company's press release dated October 11, 2023. Projects optioned with optionee fully vested are: East Alder Project optioned to Canterra Minerals Inc. (SIC retains shares of CTM plus 1% NSR) Startrek Project optioned to Thunder Gold (SIC retains shares of TGOL plus 1% NSR) The Company would like to thank the Government of Newfoundland and Labrador for the financial support of the Moosehead and Fleur de Lys Projects through the Junior Exploration Assistance Program during the past few years. For more information, please contact: Timothy Froude, President & CEO T: 709-765-1726 E: tim@ Cathy Hume, VP Corporate Development, Director T: 416-868-1079 x 251 E: cathy@ Website: Twitter: @SokomanMinerals Facebook: @SokomanMinerals LinkedIn: @SokomanMineralsCorp Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp. To view the source version of this press release, please visit
Yahoo
03-04-2025
- Business
- Yahoo
Sokoman Minerals Announces Stock Option Grant and Results of Annual General and Special Meeting
St. John's, Newfoundland and Labrador--(Newsfile Corp. - April 3, 2025) - Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman" or the "Company") today announces an April 1 stock option grant to officers, directors, employees, and consultants of the Company, subject to TSX Venture Exchange approval, for a total of 2,650,000 common shares of the Company. These stock options are exercisable for a period of five years at CAD$0.08 per stock option. The last option grant was on September 29, 2021. All resolutions, including the Company's Plan of Arrangement, were passed by an overwhelming majority at the Annual General and Special Meeting held on March 21, 2025. About Sokoman Minerals Corp. Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in the province of Newfoundland and Labrador, Canada's emerging gold district. The Company's primary focus is its portfolio of gold projects; the 100%-owned flagship, advanced-stage Moosehead, Crippleback Lake, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The Company entered a strategic alliance with Benton Resources Inc. through three, large-scale, joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland. In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc., a major developer of lithium projects and processing plants in the USA, and exactly the right partner to have to advance the lithium project. For full details of the agreement, please refer to the Company's press release dated October 11, 2023. Projects optioned with optionee fully vested are: East Alder Project optioned to Canterra Minerals Inc. (SIC retains shares of CTM plus 1% NSR) Startrek Project optioned to Thunder Gold (SIC retains shares of TGOL plus 1% NSR) The Company would like to thank the Government of Newfoundland and Labrador for the financial support of the Moosehead and Fleur de Lys Projects through the Junior Exploration Assistance Program during the past few years. For more information, please contact: Timothy Froude, President & CEO T: 709-765-1726 E: tim@ Cathy Hume, VP Corporate Development, Director T: 416-868-1079 x 251E: cathy@ Website: @SokomanMineralsFacebook: @SokomanMineralsLinkedIn: @SokomanMineralsCorp Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
27-02-2025
- Business
- Yahoo
Sokoman Minerals Announces Participation at the Prospectors & Developers Association of Canada (PDAC) 2025 Convention
St. John's, Newfoundland and Labrador--(Newsfile Corp. - February 27, 2025) - Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman" or the "Company") is pleased to announce its participation at the upcoming Prospectors & Developers Association of Canada (PDAC) Convention, taking place at the Metro Toronto Convention Centre (MTCC) from Sunday, March 2 to Wednesday, March 5, 2025. Sokoman will be exhibiting at Booth No. 2432 at the Investors Exchange in the South Building. President and CEO Timothy Froude, said, "We're excited to be back at PDAC, connecting with investors, industry professionals, and fellow explorers. This is a great opportunity to showcase Sokoman's progress and discuss the exciting potential of our projects in Newfoundland. We invite attendees to visit our booth and meet with our management team to learn more about what's ahead for Sokoman Minerals." If you would like to book a one-on-one meeting, please email cathy@ About PDAC The annual award-winning Prospectors & Developers Association of Canada Convention, held in Toronto, Canada, is the world's premier mineral exploration and mining convention for people, governments, companies, and organizations connected to mineral exploration. The PDAC brings together 27,000 attendees from more than 135 countries for its educational programming, networking events, business opportunities and fun. It has grown in size, stature, and influence since it began in 1932, and today, it is the event of choice for the world's mineral industry. For more information and/or to register for the conference, please visit: About Sokoman Minerals Corp. Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in the province of Newfoundland and Labrador, Canada's emerging gold district. The Company's primary focus is its portfolio of gold projects; the 100%-owned flagship, advanced-stage Moosehead, Crippleback Lake, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The Company entered a strategic alliance with Benton Resources Inc. through three, large-scale, joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland. In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc., a major developer of lithium projects and processing plants in the USA, and exactly the right partner to have to advance the lithium project. For full details of the agreement, please refer to the Company's press release dated October 11, 2023. Projects optioned with optionee fully vested are: East Alder Project optioned to Canterra Minerals Inc. (SIC retains shares of CTM plus 1% NSR) Startrek Project optioned to Thunder Gold (SIC retains shares of TGOL plus 1% NSR) The Company would like to thank the Government of Newfoundland and Labrador for the financial support of the Moosehead and Fleur de Lys Projects through the Junior Exploration Assistance Program during the past few years. For more information, please contact: Timothy Froude, President & CEO T: 709-765-1726 E: tim@ Cathy Hume, VP Corporate Development, Director T: 416-868-1079 x 251 E: cathy@ Website: Twitter: @SokomanMinerals Facebook: @SokomanMinerals LinkedIn: @SokomanMineralsCorp Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections. To view the source version of this press release, please visit Sign in to access your portfolio
Yahoo
30-01-2025
- Business
- Yahoo
Sokoman Drilling Resumes at Western Trend, Moosehead Project, Central Newfoundland
ST. JOHN'S, NL / / January 30, 2025 / Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) ("Sokoman" or the "Company") is pleased to announce that diamond drilling has resumed at the Western Trend gold zone, the site of the conventional bulk sample planned for extraction late in Q1 or early Q2, 2025. The drill program is following up on the recently announced high-grade results highlighted by intersections of 69.48 g/t Au over 4.85 m (MH-24-649), 40.89 g/t Au over 4.30 m (MH-24-648) and 26.72 g/t Au over 3.10 m (MH-24-646) (please see January 22, 2025 news release here), from the trench area. The plan and long section show the previous drilling on the Western Trend and the location of the planned drill holes. A high-grade shoot dipping East and down-plunge is outlined in the accompanying long section with the proposed drilling designed to extend it to depth and to the south. Timothy Froude, President and CEO, states, "We are very pleased to announce the resumption of drilling at the Western Trend and are confident that additional high-grade values will be found in the holes yet to report, as well as in the planned 2025 program. The information from the drilling will help in planning the location of the conventional bulk sample planned for late Q1 or early Q2, as soon as conditions allow. Discussions for processing the sample offsite are in progress. We are expecting the final batch of assays, from drilling prior to Christmas, shortly with several holes noted to have visible gold in quartz." Drilling to date at the Western Trend has tested 100 m of the strike to 165 m down plunge with the zone remaining open. The deeper holes are targeting the potential high-grade plunge of the intersection point between the east-west trending splay and the main north-trending vein system. QP This news release has been reviewed and approved by Timothy Froude, a "Qualified Person" under National Instrument 43-101 and President and CEO of Sokoman Minerals Corp. Analytical Techniques / QA/QC Samples, including duplicates, blanks, and standards, are submitted to Eastern Analytical Ltd. in Springdale, Newfoundland, for gold analysis. All core samples submitted for assay are saw cut by Sokoman personnel, with one-half submitted for assay and one-half retained for reference. Samples are delivered in sealed bags directly to the lab by Sokoman personnel. Eastern Analytical Ltd. is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples with visible gold are submitted for total pulp metallics with a gravimetric finish. All other samples are analyzed by standard fire assay methods. Total pulp metallic analysis includes the entire sample being crushed to -10 mesh and then pulverized to 95% -150 mesh. The total sample is weighed and screened to 150 mesh; the +150-mesh fraction is fire-assayed for Au, and a 30 g subsample of the -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 twenty 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 Ltd. All reported assays are uncut. About Sokoman Minerals Corp. Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in the province of Newfoundland and Labrador, Canada's emerging gold district. The Company's primary focus is its portfolio of gold projects; the 100%-owned flagship, advanced-stage Moosehead, Crippleback Lake, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The Company entered a strategic alliance with Benton Resources Inc. through three, large-scale, joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland. In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc., a major developer of lithium projects and processing plants in the USA, and exactly the right partner to have to advance the lithium project. For full details of the agreement please refer to the Company's press release dated October 11, 2023. Projects optioned with optionee fully vested are: East Alder Project optioned to Canterra Minerals Inc. (SIC retains shares of CTM plus 1% NSR) Startrek Project optioned to Thunder Gold (SIC retains shares of TGOL plus 1% NSR) The Company would like to thank the Government of Newfoundland and Labrador for the financial support of the Moosehead and Fleur de Lys Projects through the Junior Exploration Assistance Program during the past few years. For more information, please contact: Timothy Froude, President & CEO T: 709-765-1726 E: tim@ Cathy Hume, VP Corporate Development, Director T: 416-868-1079 x 251E: cathy@ Website: @SokomanMineralsFacebook: @SokomanMineralsLinkedIn: @SokomanMineralsCorp Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp. SOURCE: Sokoman Minerals Corp. View the original press release on ACCESS Newswire Sign in to access your portfolio
