Sokoman Iron Corporation: Commences Diamond Drilling at Startrek
The Phase 1, minimum 300 meter program, will focus on the Red Fox Zone, where channel sampling in late 2015 returned 1.45% Sb over 3.25 meters, including 3.10% Sb over 1.25 meters. Mineralization observed in the trench consists of thin stringers and bands of semi-massive to massive stibnite/pyrite/arsenopyrite ranging from 1 mm to several centimeters in thickness over a 4 meter wide zone at the extreme western end of the trench. The mineralization is hosted within black, carbonaceous shale. In addition to the Red Fox Zone, the company plans to test a historical showing named Cliff Hanger where previous workers report grab sampling results of up to 1.25 grams per tonne gold and 3.8% Sb (antimony).
Timothy Froude, P. Geo., Interim CEO states; “The recent run up in the spot price of antimony ($7,000/tonne as of July, 2016) is very positive and the targets that will be tested are robust. The opportunity to define a significant zone of mineralization at Startrek is quite good. Our goal of defining a new antimony deposit in central Newfoundland has been given a strong boost by this discovery and we are encouraged by the recent rise in the price of antimony”
The Startrek Project is host to several previously known antimony and gold occurrences the majority of which have never been drill tested.
This news release has been reviewed and approved by Timothy Froude, P. Geo., a "Qualified Person" under National Instrument 43-101 and Interim CEO for Sokoman Iron Corp. For further information please contact Timothy Froude at 709-765-1726, or by email at tfroude@sokomaniron.com
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