Sokoman Iron Welcomes New Directors Catherine Hume and Colin Bowdidge, Ph.D.
Cathy Hume has worked in the capital markets arena since 1980, first as a stock broker and later as CEO of CHF Investor Relations specializing in corporate communications, media relations and pitching her client stories to investment professionals throughout Canada. She was a Director of PDAC in the 1980s, served on the Board of Governors of the University of Guelph for 2 terms in the early 1990’s and has been co-chair of Women in Mining Toronto for the past 7 years. Cathy has mentored many IR professionals and since 2013 she has been an instructor at Ryerson University’s Chang School’s Mining Management Course ‘Resource Valuation, Finance and Investor Relations.’ She is also an External Executive Advisor for the Ted Rogers Leadership Centre.
Colin R. Bowdidge was educated at the University of Cambridge, where he received an M.A. degree in geology, mineralogy and petrology, and at the University of Edinburgh, where he earned a Ph.D. in geology. He is a registered Professional Geoscientist with the Association of Professional Geoscientists of Ontario, and has been an independent consulting geologist since 1974. He has worked on a multitude of exploration and development projects worldwide in the search for base and precious metals, uranium and industrial minerals, in a wide variety of settings. He has served, and continues to serve, as a director and/or senior officer of several publicly traded mining and exploration companies.
Timothy Froude, P. Geo., Interim CEO states, “We are thrilled to have Cathy and Colin join our Board of Directors. We are confident that these appointments will not go unnoticed, and that the wealth of knowledge and experience these two professionals will bring to the table cannot be measured. Cathy’s contributions will impact our growth and market appeal. Adding Colin to our technical team will dramatically enhance our ability to identify new opportunities and help guide us on our current programs.”
The Company is also pleased to announce that the winter exploration program has begun on the Central Newfoundland Gold Project (CNGP) and will include the collection of airborne magnetic data at the East Alder Property as part of an ongoing survey currently underway for Antler Gold on the Wilding Lake Project. The heliborne survey will gather triaxial magnetic data from flight lines spaced approximately 75 meters apart. Sokoman will announce details and results of the survey once the data has been processed, interpreted and assimilated with all other results from the property. Sokoman’s East Alder property is contiguous with the Wilding Lake Project being explored by Antler Gold and where several significant high grade gold discoveries have been recently announced. Wilding Lake highlights include multiple high grade showings over a 1 km strike length including channel assays of 49.3 g/t Au /4.6 meters (Alder Zone); and 93.1 g/t Au over 1.3 meters (Elm Zone). All of the occurrences announced by Antler Gold are located between 3 kilometers to 1.5 kilometers from Sokoman’s property boundary. (Note: Mineralization or grades as reported by Antler Gold may not occur on the East Alder property or any other Sokoman Iron property in the area.)
In addition, the Company will also commence soil/till and where appropriate, late sediment sampling on the East Alder, Princess Lake and Crippleback Lake properties. The Crippleback Lake Property returned strong gold grain counts from till samples collected in late 2016 (NR January 12,2017). The sampling was highlighted by a 57 gold grain sample of which 43 grains were considered pristine. The Company plans to conduct Phase 2 till sampling in an effort to sharpen targets for a spring trenching program. At Princess Lake, the Company also plans soil/till and lake sediment sampling with a view to defining priority targets for follow up in the spring. Soils will be collected on lines spaced 250 meters apart and sampling at 25 meter intervals along the lines orientated to cross the interpreted trace of the gold enriched Cape Ray/Valentine Lake structural corridor.
The Company will be issuing a total of 2.3 million stock options at $0.08 to directors, officers and consultants to the Company that will vest in accordance with TSX.V Exchange rules and guidelines.
About Sokoman Iron:
Sokoman Iron Corp. is a discovery focused Company with projects in Newfoundland & Labrador, Canada. The Company’s primary focus is the Central Newfoundland Gold Project (CNGP) which comprises three properties (Crippleback Lake, Princess Lake and East Alder) straddling the emerging Cape Ray/Valentine Lake/Alder structural zone which hosts the 2.1 M oz Valentine Lake project (Marathon Gold); and the recently announced high grade Wilding Lake Project (Antler Gold).
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
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. The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Iron 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 Iron Corp.