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Sokoman Iron Corp Completes Phase 1 Drilling on Clarks Brook Gold Property, Central Newfoundland

27.10.2017  |  FSCwire
Puslinch - Sokoman Iron Corp (Sokoman) (TSX-V: SIC) is pleased to announce that it has completed Phase 1 drilling on the Clarks Brook Gold Property, located in central Newfoundland. The road accessible Clarks Brook prospect was staked by vendor Metals Creek (MEK) after a review of past work completed on the property and initial due diligence performed on the showing. The gold mineralization outlined on the Clarks Brook Property consists of mineralized angular boulders up to 3m in size initially discovered by Altius Minerals Corporation in 2004, and from which assays ranging from 2.98 g/t to 24.5 g/t gold were reported. Subsequent work, including Induced Polarization (IP) and Magnetics ground geophysical surveys outlined several targets, but no drilling took place. Note: The historical assay results mentioned in this news release were grab samples which are selective by nature and are unlikely to represent average grades of the property.

Sokoman completed approximately 515m of NQ sized core drilling in four holes which tested approximately 100m of strike length of the known mineralization at Clarks Brook. A total of 146 saw cut core samples ranging from 0.25 to 1.5m in length (average of 0.50m) were sent to Eastern Analytical Labs in Springdale, NL, for gold analysis, and results are expected in four to five weeks. All samples were cut by Sokoman personnel with ½ of the interval kept for future reference. The sampling focused on zones exhibiting extensive brecciation, silicification, quartz veining and sulphide mineralization similar in style to that observed in gold bearing surface samples reported by previous workers. It is estimated that the mineralized corridor intersected in the drilling ranges up to 40m in apparent thickness within which multiple, more intensely altered and mineralized intervals occur.

Timothy Froude, P. Geo., Interim CEO states; “The completion of Phase 1 drilling with 146 samples sent for assay, verifies the existence of a robust, and potentially significant, system at Clarks Brook. We eagerly await results from this phase and we will propose additional work if results warrant.”

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.
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