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2023, Press Release John A 2023, Press Release John A

Sokoman Provides Exploration Update at Moosehead Gold Project, Central Newfoundland

Drilling resumes with rigs at the South Pond and 463 Zone target areas

St. John’s, NL, July 10, 2023 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman" or the "Company") today provides the following update on the Moosehead project, including the re-commencement of the 100,000 m+ Phase 6 diamond drilling program, proposed summer work plans, and an update on the structural model.

Tim Froude, President and CEO of Sokoman says: “Several programs were active during a recent pause in drilling including re-examining a large number of earlier holes to garner more structural and mineralization details; re-visiting the structural model with Dr. Coller (ongoing); and reconnaissance-level soil sampling over relatively unexplored areas of the property. We have also commenced a review of historical geophysical surveys to pull additional targeting information from, as well as consideration of possibly completing additional geophysics at Moosehead. We are truly excited by the ongoing work of Dr. Coller who has defined the footwall environment as a prime target area for high-grade vein zones similar to MH-22-463. This also explains several other historical “isolated” hits in the footwall that could never really be properly explained or fit in with the model at the time.”

The summer diamond drilling program started on June 12 with two drill rigs.

Targets for the first drill include testing a potential extension of a high-grade shoot that plunges north from the 75 Zone to where hole MH-21-263 intersected 4.80 m @12.86 g/t Au from 184.10 m. Three holes are planned for this section and then the rig will move to South Pond, following up on previously reported drilling including intersections in MH-20-123 (5.00 m @ 26.87 g/t Au) and MH-20-141 (4.20 m @ 64.00 g/t Au). The South Pond Zone remains open to depth. Recent re-modeling of mineralized zones at Moosehead suggests that the intersection in MH-21-344 (previously reported 2.27 g/t Au over 4.0 m including 9.70 g/t Au over 0.50 m), may be linked to the South Pond Zone at depth. The intersection in MH-21-344 is 200 m down plunge from the current modeled South Pond Zone. At least six holes totaling 1500 m -1800 m are proposed for the South Pond drilling.

Targets for the second drill rig include testing the down plunge and northern extensions of mineralization in the 463 Zone area. This is where MH-22-463 returned 39.60 m @ 12.50 g/t Au including 10.5 m @ 41.97 g/t Au (see December 15, 2022 press release), and where MH-23-519 intersected a 1.4-metre wide zone of visible gold-bearing quartz veining that returned 12.41 g/t Au (from 409.75 m downhole) 56 m down plunge from hole MH-22-463 and which remains open to the south and to depth (see April 13, 2023 press release). The initial drilling will test 20 m - 50 m below MH-23-519 with four to five holes totaling 2,000 m proposed for the 463 Zone target area. Additional drilling in the general footwall environment will be proposed to the current 463 Zone depth of 450 m pending the results of the initial drilling.

Drill Plan Map

Diamond drilling and/or trenching (depending on overburden depth) will investigate other areas on the property testing soil geochemical anomalies in the southwestern and northern portions of the property, generated from winter sampling in proximity to the Valentine Lake Shear Zone which cuts through the entire property. Gold in soil values ranging from less than detection (<5 ppb) up to 912 ppb Au were returned three km southwest of the Eastern Trend where only sparse recon drilling has been completed, and from less than detection (<5 ppb) to 279 ppb Au 1.7 km northeast of the Eastern Trend where no previous drilling has taken place. For reference, the highest historical soil sample value found on the property was 425 ppb Au.

A revised structural interpretation has just been received from Dr. Coller who states, “The splitting out of the veins and shears/faults makes the primary and deformed vein pattern visually much clearer and there is an emerging significance of the vein trends in the footwall to the Eastern trend, which are highly oblique to main shears. These are the 463-type veins and a similar trending vein nearer surface. It was suggested that these veins may be linkages between two shear structures which may be duplicated. Several large areas with no drill testing relatively at shallow depths were identified.”

“On a larger scale, the gold mineralization at Moosehead appears to be associated with a NE-trending, regional tectonic contact that lays to the south of the currently outlined vein system. The geological interpretation of this contact is the Valentine Lake structure, a SE-dipping thrust/reverse fault (which could be the structural hanging wall to the south), and a SE-dipping gold vein system. This tectonic structure is somewhat obscure in the magnetics, is not well defined on surface, and the limit of mineralization and actual structural corridor requires further work to be defined.”

“It is believed that this type of structure, present at Moosehead, is similar to that seen at Newfound Gold’s Queensway property where the veins dip opposite to the main fault. The Newfound Gold model could be a useful structural template for the regional Moosehead system and a guide to regional drill spacing.”

QP

This news release has been reviewed and approved by Timothy Froude, P.Geo., a "Qualified Person" under National Instrument 43-101 and President and CEO of Sokoman Minerals Corp.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in the province of Newfoundland and Labrador, Canada. The Company's primary focus is its portfolio of gold projects; the 100% flagship, advanced-stage Moosehead, as well as Crippleback Lake (available for option); and East Alder along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The Company also entered into a strategic alliance with Benton Resources Inc. through three, large-scale, joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland. Sokoman now controls, independently and through the Benton alliance, over 150,000 hectares (>6,000 claims – 1500 sq. km), making it one of the largest landholders in Newfoundland, in Canada’s newest and rapidly-emerging gold districts. The Company also retains a 1% NSR interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to Thunder Gold Corp (formerly White Metal Resources Inc.), and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project which has Direct Shipping Ore (DSO) potential.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.

The Company would like to thank the Government of Newfoundland and Labrador for past financial support of the Moosehead Project through the Junior Exploration Assistance Program.

For further information, please contact:

Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: 
tim@sokomanmineralscorp.com

Cathy Hume, VP Corporate Development, Director
Phone: 416-868-1079 x251
Email: 
cathy@chfir.com

Website: www.sokomanmineralscorp.com
Twitter: 
@SokomanMinerals
Facebook: 
@SokomanMinerals
LinkedIn: 
@SokomanMinerals

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT 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.

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2023, Press Release John A 2023, Press Release John A

Sokoman Minerals Provides Update on Fleur de Lys Gold Project North-Central Newfoundland

Detailed prospecting to begin in August ahead of trenching/drilling

St. John’s, NL, July 7, 2023 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman" or the "Company") is pleased to provide an update on the planned exploration of the Fleur de Lys gold project on the Baie Verte Peninsula, in north-central Newfoundland. Company geologists and prospectors recently toured gold systems in Dalradian / Caledonian rocks in Northern Ireland which are equivalent to the Appalachian, Fleur de Lys Supergroup rocks, including mineralization in and around the world-class Curraghinalt gold deposit. Curraghinalt is host to >6 million ounces of NI 43-101 compliant* gold resources in 20+, discrete quartz veins ranging from tens of centimeters to more than 1.5 m in thickness. The veins have strike lengths in excess of 1.8 km and have been intersected in drill holes to 1,000 m vertically with the resources calculated by SRK Consulting (Canada) in 2018 to a 400 m depth. Curraghinalt, which remains open at depth, is the largest gold deposit in the Appalachian-Caledonian Orogen.

Tim Froude, President and CEO of Sokoman, commented: "We are extremely thankful for the opportunity to visit Northern Ireland and examine the geological setting of gold in Dalradian rocks of the Sperrin Mountains and adjacent terranes to aid in our broader assessment of Sokoman's Fleur de Lys gold project. A week in the field and underground, viewing core from the deposits, and meetings with the British Geological Survey (BGS), industry geologists, and local prospectors, has been invaluable in helping our team understand i) the controls on gold deposition in the very familiar-looking Dalradian rocks, and ii) gold exploration strategies that have proven successful in this segment of Irish/UK Caledonides. Several crucial elements pertaining to the distribution of gold in Dalradian rocks are directly applicable to evaluating Sokoman's gold in till anomalies at Fleur de Lys including 1) the regional structural setting; 2) the absolute ages and relative timing of gold mineralizing events and poly-phase tectonism; 3) vein styles, and proximity to the Clew-Bay/Omagh crustal-scale terrane boundary - the Baie Verte Line equivalent; 4) local, specific, lithological controls; 5) the proximity to gold-rich VMS in adjacent terranes; and 6) the physical nature and distribution of the gold at Curraghinalt.

This data highlighted the critical commonalities, vis-à-vis gold, between the Sperrin Mountains (e.g., Curraghinalt) and the Fleur de Lys belt at regional, property, and outcrop scales. Our mission in Northern Ireland was to learn about gold in this part of the world and apply it to exploration plans in the Fleur de Lys belt in Newfoundland. Given what we learned, we left even more confident about the potential of our Fleur de Lys gold project. The Company, with input from Overburden Drilling Management, is prioritizing the anomalies for a detailed follow-up prospecting program beginning in August, with significant results to be further explored by trenching or diamond drilling."

Gold-bearing quartz float; Curraghinalt gold deposit underlies the field in the foreground

Exposure of gold-bearing quartz vein in graphitic schist and psammite near Curraghinalt

Narrow high-grade quartz-pyrite (gold bearing) vein near Curraghinalt

About the Fleur de Lys Gold Project

The 100%-owned project is located on the west side of the Baie Verte Peninsula in north-central Newfoundland. The area has a long history of base metal and gold production dating back to the 1860s. The project is highly prospective for Dalradian-style (e.g., Curraghinalt) orogenic, vein-hosted, gold deposits and as such, represents a readily accessible, yet underexplored, district-scale, gold target in the Newfoundland Appalachians. The Fleur de Lys Supergroup, which underlies the project, includes equivalent rocks to the Dalradian Supergroup in the UK, where three significant gold deposits, including the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland are found. The Dalradian, vein-hosted, gold deposits occur in moderate to high-grade metamorphic terranes and are typically high grade.

Prior to Sokoman’s exploration, the Fleur de Lys belt had seen little modern exploration with some areas completely unexplored, even though historical grab sample values of 3.3 g/t Au to 25.5 g/t Au were reported from several locations (note: historical assays have not been verified by the Company and should not be relied upon). Sokoman’s Fleur de Lys property is ideally suited to cost-effective exploration with excellent access and infrastructure, a supportive local population, a long history of mining, and support businesses.

To date, the Company has completed a property scale C-horizon till sampling program (1,260 samples) implemented and overseen by Overburden Drilling Management (ODM), which has outlined strongly anomalous gold in tills overlying favourable rocks and structures with significant gold values in both float and bedrock. The background level of gold grains in tills for the project has been determined to be 10 grains in a 10- to 12-kilogram sample of screened till. ODM considers a Fleur de Lys sample to be anomalous if it contains two-times background or 20 gold grains. Results indicate that of the 1,260 samples collected, 328 samples, or just over 25%, have at least 20 gold grains (to a maximum of 230 grains) and are considered anomalous. Fifty-five (55) samples contain at least 60 grains (six-times background) with multiple samples containing more than 50% pristine gold grains. Gold grains described as pristine are considered to be from a local bedrock source. Of note - most gold grains at Fleur de Lys are small (<1 mm) as is most of the gold at Curraghinalt, where gold is intimately associated with pyrite mineralization in quartz veins.

In addition, limited prospecting has located anomalous gold in bedrock and float with 34 samples giving gold values >100 ppb Au (0.1 g/t Au), including 18 samples >500 ppb Au (0.5 g/t Au), and 10 samples >1000 ppb Au (>1.0 g/t Au) with a maximum of 6.2 g/t Au. The highest gold value was in an outcrop (a grab sample) in an area of strong gold-grain counts. A regional airborne magnetic survey (Geological Survey of Canada (GSC) - 2015) over the Baie Verte Peninsula suggests that multiple crosscutting structures occur in the vicinity of several strong gold in till anomalies and in multiple rock (grab and float) gold-bearing samples, all within a 5-8 km corridor adjacent to the Baie Verte Line. Interpretation of the till results by ODM defines a target area of 30 km strike-length, with better-defined anomalies located within this 30 km long area.

Panned, fine gold grains from surface vein exposure at Curraghinalt

QP

This news release has been reviewed and approved by Timothy Froude, P. Geo., a "Qualified Person" under National Instrument 43-101 and President and CEO of Sokoman Minerals Corp.

Till Sampling QA/QC

The till samples were collected by Sokoman personnel using field collection techniques provided by ODM. All samples were hand dug to the desired depth (C-Horizon Till) with a 10- to 12-kg sieved sample (8 mesh) placed in a clear plastic sample bag and sealed. Samples were shipped in plastic pails by bonded courier to the ODM lab in Ottawa, Ontario. The till samples are processed using procedures designed to progressively concentrate the heavy minerals, expose the gold grains and prepare a split of the heavy mineral concentrate (“HMC”) suitable for geochemical analysis if requested. The sample is wet screened at 2 mm with a preliminary concentrate extracted from the -2 mm fraction by tabling. Geological observations on the character of the sample are made during both the screening and tabling operations. The table concentrate is purposely large (typically 300-400 g) and of low grade (10%-25% heavy minerals) in order to achieve a high, 80% to 90% recovery rate for all desired heavy minerals irrespective of their grain size or relative specific gravity. The gold grains, more than 95% of which are normally silt-sized (Averill 2001), are observed at this stage with the aid of micro-panning and are counted, measured, and classified as to degree of wear (ie distance of glacial transport), then returned to the table concentrate. The pyrite content of the pan concentrate is estimated and the number of grains of heavier, visually distinctive indicator minerals such as arsenopyrite, galena, scheelite, cinnabar, etc. is recorded.

Quality Control and Quality Assurance Measures

In addition to using field duplicates to monitor the quality of the indicator mineral data obtained from specific projects, ODM performs blind tests to ensure that the recovery rates for all targeted minerals are consistently in the 80% to 90% range. Furthermore, both the quality of the mineral separation and the overall mineralogy of the concentrate are visible at every stage of the concentration process, minimizing the potential for sample mix-ups, indicator mineral carryover between samples, and other potential contamination issues. For example, gold grains, which are the most important indicator mineral on many surveys, are more susceptible to inter-sample carryover than any other indicator mineral due to their very small size, but these grains are physically observed during the first stage of mineral concentration, tabling, and if anomalous concentrations are present, blank samples are tabled and carefully inspected for gold grains before the next project sample is processed.

Rock Sample Analysis

Rock sample analysis (gold by fire assay) completed at Eastern Analytical Ltd., in Springdale NL. Samples were delivered in sealed bags directly to the lab by Sokoman Minerals’ personnel. Eastern Analytical is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Eastern routinely inserts industry-accepted standards and blanks in all sample runs performed as well as completing random duplicate analysis.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in the province of Newfoundland and Labrador, Canada. The Company's primary focus is its portfolio of gold projects; the 100%-owned flagship, advanced-stage Moosehead, as well as Crippleback Lake (available for option); and East Alder along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project near Baie Verte in north-central Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The Company also entered into a strategic alliance with Benton Resources Inc. through three, large-scale, joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland.

Sokoman now controls, independently and through the Benton Alliance, over 150,000 hectares (>6,000 claims – 1500 sq. km), making it one of the largest landholders in Newfoundland, in Canada’s newest and rapidly-emerging gold districts. The Company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to Thunder Gold Corp (formerly White Metal Resources Inc.), and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project which has Direct Shipping Ore (DSO) potential.

Mineralization hosted on adjacent and/or nearby and/or referenced properties is not necessarily indicative of mineralization hosted on the Company's property.

*The Curraghinalt deposit has >6 million ounces of NI 43-101 compliant gold resources including 6.34 million tonnes at 15.01 grams per tonne (Measured and Indicated) for 3.06 million ounces; and 7.72 million tonnes at 12.24 grams per tonne gold (Inferred) for 3.03 million ounces {2018 Mineral Resource Statement, Curraghinalt Gold Project, Northern Ireland, SRK Consulting (Canada)}.

The Company would like to thank the Government of Newfoundland and Labrador for past financial support of the Fleur de Lys project through the Junior Exploration Assistance Program.

For further information, please contact:

Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: 
tim@sokomanmineralscorp.com

Cathy Hume, VP Corporate Development, Director
Phone: 416-868-1079 x251
Email: 
cathy@chfir.com

Website: www.sokomanmineralscorp.com
Twitter: 
@SokomanMinerals
Facebook: 
@SokomanMinerals
LinkedIn: 
@SokomanMinerals

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT 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.

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Press Release, 2023 John A Press Release, 2023 John A

Sokoman Provides Recent Drilling Results at Moosehead Gold Project

St. John’s, NL, June 30, 2023 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) ("Sokoman" or the "Company") today provides an update on drill results at the Moosehead Gold Project completed prior to spring break-up. The delay in commencing the current diamond drilling program was to facilitate a review of the structural and vein models at Moosehead and to include input from Dr. David Coller, Ph.D., who has been assisting with the structural interpretation at Moosehead since 2019.

Tim Froude, President and CEO of Sokoman, says: "It has been an extremely busy spring at Moosehead. The summer diamond drilling program recommenced on June 12 with two rigs that are active at present. A total of 87,280 m of drilling has now been completed in the Phase 6 program and we plan to continue drilling beyond the originally scheduled 100,000 m. Diamond drilling and/or trenching (depending on overburden depth) will test other areas on the property with a view to discovering high grades in extensions of known zones and new drill targets."

Results from eight exploration drill holes completed prior to the spring break-up have been received and are reported in the following table. Six of the holes (MH-23-521 to 526) were in fences of reconnaissance holes (grassroots exploration) aimed at testing geophysical and/or soil/till geochemical anomalies to the north of North Pond along the interpreted trend of the main Eastern Trend and Upper North Pond shears. Most holes intersected weakly mineralized structures with minor quartz-carbonate veining and variable amounts of disseminated sulphides. The strongest results were from the western-most hole drilled (MH-23-525 (2.02 m @3.96 g/t Au), suggesting additional drilling is required west and down plunge of this hole.

Identifying structure and alteration was the primary purpose of drilling these holes. Given the narrow and nuggety high-grade style and nature of the Moosehead veins it is not unreasonable to encounter poorly mineralized intervals when stepping farther out from the bulk of the identified mineralized zone. Further work in these areas could be conducted in the future once the stratigraphic, survey, and analytic information has been incorporated into the property database and geology model, and fully interpreted.

Table of Results

Holes MH-23-517A and 520, while intersecting veining, did not intersect visible gold-bearing veining, suggesting the holes veered off of the 463 Zone trend. The zone is still open and additional holes are planned for this area. The 463 Zone is a prime target to intersect additional high-grade vein zones similar to MH-22-463.

A comprehensive exploration program at Moosehead is being finalized and will be provided in due course.

Drill Plan Map

QP

This news release has been reviewed and approved by Timothy Froude, P.Geo., 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, were submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for gold analysis. All core samples submitted for assay were saw cut by Sokoman personnel with one-half submitted for assay and one-half retained for reference. Samples were 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 were submitted for total pulp metallics and gravimetric finish. All other samples were analyzed by standard fire assay methods. Total pulp metallic analysis includes: the whole sample is crushed to -10 mesh; 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 with projects in Newfoundland and Labrador, Canada. The company's primary focus is its portfolio of gold projects: flagship, 100%-owned Moosehead, Crippleback Lake (available for option) and East Alder along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The company also entered into a strategic alliance with Benton Resources Inc. through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland. Sokoman now controls independently and through the Benton alliance over 150,000 hectares (>6,000 claims - 1,500 sq. km), making it one of the largest landholders in Newfoundland, Canada's newest and rapidly-emerging gold districts. The company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to Thunder Gold Corp (formerly White Metal Resources Inc.), and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property.

The Company would like to thank the Government of Newfoundland and Labrador for past financial support of the Moosehead Project through the Junior Exploration Assistance Program.

For further information, please contact:

Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: 
tim@sokomanmineralscorp.com

Cathy Hume, VP Corporate Development, Director
Phone: 416-868-1079 x251
Email: 
cathy@chfir.com

Website: www.sokomanmineralscorp.com
Twitter: 
@SokomanMinerals
Facebook: 
@SokomanMinerals
LinkedIn: 
@SokomanMinerals

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT 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.

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Press Release, 2023 John A Press Release, 2023 John A

Sokoman and Benton Intersect 1.22% Li2O over 13.37 m at the Killick Zone and Mobilize Second Drill to Golden Hope JV - Southwest Newfoundland

19 holes completed at Killick Zone – Rig 2 testing the Hydra Cesium Dyke

St. John’s, NL, June 20, 2023 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (“Sokoman”) and Benton Resources Inc. (TSXV: BEX) (“Benton”) together, (the “Alliance”) are pleased to announce that approximately 3,500 m in 19 holes have been completed on the 50-50 Golden Hope Joint Venture (GHJV) targeting lithium and other associated critical metals. Drilling has focused on the Killick zone, where 2022 drilling returned up to 1.04% Li2O over 15.23 m, including 4.18 m of 1.48% Li2O, and 2.98 m of 1.23% Li2O in GH-22-27 and, 9.50 m of 1.08% Li2O in GH-22-26. Drilling continues to intersect spodumene-bearing dykes ranging from less than a metre to >20m thick.

The Alliance is pleased to report that assays have been received for 11 of the 19 drill holes completed at the Killick Zone with results up to 1.22% Li2O over 13.37 m in GH-23-45 and separate intervals of 0.81% Li2O over 21.00 m and 0.99% Li2O over 10.16 m in GH-23-46. Holes 45 and 46 were drilled 30 m south along strike of holes 25 and 26 where multiple spodumene-bearing dykes were intersected (see February 16, 2023 news release). The Killick Zone remains open along strike in both directions and to depth. A summary of results received to date is presented below:

Table 1 – Summary of Drill Results – Phase 4 Drilling

Figure 1 – Drill Core GH-23-45

Drilling will continue to test the Killick dyke area plus any new dykes discovered in the ongoing soil geochemical/trenching program 4 km along strike to the east of the Kraken Pegmatite Field, where lithium-in-soil geochemical anomalies of similar strength to the Kraken Discovery Dyke area are located.

The Alliance is also pleased to announce that it has mobilized a second diamond drill to test the Hydra (cesium/lithium/tantalum) target 10 km northeast of the Killick zone. Trenching is ongoing to expose the dyke and help plan the drilling. The Hydra dyke is host to high-grade cesium mineralization in pollucite, as well as significant lithium, tantalum, and rubidium values with a 1.2 m channel sample from 2022 grading 8.76% Cs2O, 0.41% Li2O, 0.025% Ta2O5, and 0.33% Rb2O (see news release December 1, 2022).

Figure 2 – Drill at Hydra

The Alliance is also continuing with its regional-scale prospecting/sampling program using 200 m to 500 m spaced lines over the favourable dyke-bearing corridor, covering the 10 km gap between the Killick and Hydra dyke fields, and also extending the survey 20 km to the NE. 1,430 B-Horizon soil samples have been collected in 2023 and submitted to Eastern Analytical Ltd. in Springdale NL for lithium analysis. 

QA/QC Protocols

Rock and core samples are submitted to SGS Canada Inc. in Grand Falls-Windsor, NL for preparation and then sent to the SGS Canada Inc. analytical laboratory in Burnaby, BC for analysis. All samples were acquired by hand (rocks) or saw-cut (channels/drill core) and delivered, by Benton/Sokoman personnel, in sealed bags, to the Grand Falls-Windsor prep lab of SGS, which is an accredited assay lab conforming to the requirements of ISO/IEC 17025. Samples are analyzed using SGS’s GS_IMS91A50 method that delivers a 56-element package utilizing sodium peroxide fusion, ICP-AES, and ICP-MS analytical techniques. All reported assays are uncut.

Soil samples were collected by Benton/Sokoman personnel utilizing a Dutch-auger, collecting B-Horizon soil, where possible or if B was not present, the soil horizon type was noted. The samples were sent to Eastern Analytical Ltd., in Springdale, NL, for Li, Ta, Sn, and Nb analyses by four-acid digestion, then analyzed by ICP-OES. Eastern Analytical Ltd. achieved ISO 17025 accreditation in February 2014 (for more details on the scope of accreditation visit the CALA website).

QP

This news release has been reviewed and approved by, Timothy Froude, P.Geo., President and CEO of Sokoman Minerals Corp., and Stephen House, P.Geo., VP Exploration for Benton Resources Inc., both 'Qualified Persons' under National Instrument 43-101.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. The company’s primary focus is its portfolio of gold projects: flagship, 100%-owned Moosehead, Crippleback Lake (available for option) and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The company also entered into a strategic alliance with Benton Resources Inc. through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland. Sokoman now controls independently and through the Benton alliance over 150,000 hectares (>6,000 claims – 1,500 sq. km), making it one of the largest landholders in Newfoundland, Canada’s newest and rapidly-emerging gold districts. The company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to Thunder Gold Corp (formerly White Metal Resources Inc.), and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.

About Benton Resources Inc.

Benton Resources Inc. is a well-funded mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Following a project generation business model, Benton has a diversified, highly-prospective property portfolio of Gold, Silver, Nickel, Copper, Platinum Group Elements, and most recently Lithium and Cesium assets. In addition, it currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains net smelter return (NSR) royalties with potential long-term cash flow. 

In 2022 Benton entered into a 50/50 strategic alliance with Sokoman Minerals Inc. (TSXV: SIC) through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland that are being explored.

For further information, please contact:

Sokoman Minerals Corp. 
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email:
tim@sokomanmineralscorp.com 

Benton Resources Inc. 
Stephen Stares, President & CEO
Phone: 807-475-7474
Email:
sstares@bentonresources.ca 

CHF Capital Markets 
Cathy Hume, CEO
Phone: 416-868-1079 x 251
Email:
cathy@chfir.com

Website: www.sokomanmineralscorp.com ,  www.bentonresources.ca
Twitter: 
@SokomanMinerals , @BentonResources
Facebook: 
@SokomanMinerals , @BentonResourcesBEX
LinkedIn: 
@SokomanMinerals@BentonResources

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.”

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; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Alliance’s expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Alliance’s prospects, properties and business detailed elsewhere in the Alliance’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Alliance 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 Alliance’s expectations or projections.

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Sokoman And Benton Provide Exploration Update On Li / Cs Exploration Golden Hope JV – Southwestern Newfoundland

Ten holes completed at Killick target – second drill to begin testing the Hydra Dyke

St. John’s, NL, MAY 18, 2023 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (“Sokoman”) and Benton Resources Inc. (TSXV: BEX) (“Benton”) together, (the “Alliance”) are pleased to announce that 1,400 m in ten holes have been completed on the 50/50 Golden Hope Joint Venture (GHJV) targeting lithium and other critical metals. Drilling has focused on the Killick Dyke zone, where 2022 drilling returned up to 1.04% Li2O over 15.23 m, including 4.18 m of 1.48% Li2O, and 2.98 m of 1.23% Li2O in GH-22-27 and 9.50 m of 1.08% Li2O in GH-22-26. All ten holes have intersected spodumene-bearing dykes ranging from less than a metre to over 20 m thick.

Drilling will continue to test the Killick Dyke area plus any new dyke discovered in the ongoing soil geochemical and trenching program along strike to the east of the Kraken Pegmatite Field, where lithium-in-soil geochemical anomalies of similar strength to the Kraken Discovery Dyke area were found, 4 km along strike to the east of any known dykes.

The Alliance is also pleased to announce that it plans to mobilize a second diamond drill to test the Hydra (cesium/lithium/tantalum) target 10 km northeast of the Killick Dyke. Trenching is ongoing here to expose the dyke and help plan for the drilling. The Hydra Dyke is host to high-grade cesium mineralization as pollucite, as well as significant lithium, tantalum, and rubidium values with a 1.2 m channel sample from 2022 grading 8.76% Cs2O, 0.41% Li2O, 0.025% Ta2O5, and 0.33% Rb2O (news release December 1, 2022).

The Alliance has received the first batch of soil sampling results from the Hydra area which shows a significant lithium/tantalum anomaly (5 to 996 ppm Li; 5 to 141 ppm Ta) in the vicinity of the Hydra Dyke. The soil survey is continuing, using 500 m spaced lines to cover the 10 km gap between the Killick and Hydra fields crossing the favourable dyke-bearing corridor.

Figure 1: Close up of coarse-grained spodumene in GH-23-44

Figure 2: Close up of medium-grained spodumene in GH-23-45

Figure 3: Camp photo showing the drill setup testing the Killick Dyke (both can be seen on the left-center side of the image)

Figure 4: Golden Hope Project drill plan map

Tim Froude, President and CEO of Sokoman, says: “We are off to a great start at Golden Hope, and we expect the 5,000 m drill program to be completed before the end of summer giving us plenty of time to build on significant results and plan for additional drilling. Coupled with the ongoing soil sampling and prospecting programs, this will be a defining year for the project.”

Stephen Stares, President and CEO of Benton, says: “We continue to be excited about the potential of the Kraken Dyke system and the new Killick Dyke zone. The rate of success in expanding the lithium zones in drilling continues to show that we are truly in a new lithium-cesium-tantalum (LCT) belt. We look forward to our continued success as we move the project along.”

QA/QC Protocols

Rock and core samples are submitted to SGS Canada Inc. in Grand Falls-Windsor, Newfoundland for preparation and then sent to the SGS Canada Inc. analytical laboratory in Burnaby, British Colombia for analysis. All samples were acquired by hand (rocks) or saw-cut (channels/drill core) and delivered, by Sokoman/Benton personnel, in sealed bags, to the Grand Falls-Windsor prep lab of SGS, which is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples are analyzed using SGS’s GS_IMS91A50 method that delivers a 56-element package utilizing sodium peroxide fusion, ICP-AES, and ICP-MS analytical techniques. All reported assays are uncut. Soil samples were collected by Sokoman/Benton personnel utilizing a standard Dutch-auger, collecting B Horizon soil, where possible. Where B was not present, the soil horizon or type was noted. Soil samples were sent to Eastern Analytical Ltd., in Springdale, NL, for Li, Ta, Sn, and Nb analyses by four-acid digestion, analyzed by ICP-OES. Eastern Analytical Ltd. achieved ISO 17025 accreditation in February 2014 (for more details on the scope of accreditation visit the CALA website).

QP

This news release has been reviewed and approved by Timothy Froude, P. Geo., President and CEO of Sokoman Minerals Corp., and Stephen House, P. Geo., VP Exploration for Benton Resources Inc., both ‘Qualified Persons’ under National Instrument 43-101.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. The company’s primary focus is its portfolio of gold projects: flagship, 100%-owned Moosehead, Crippleback Lake (available for option) and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The company also recently entered into a strategic alliance with Benton Resources Inc. through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland. Sokoman now controls independently and through the Benton alliance over 150,000 hectares (>6,000 claims – 1,500 sq. km), making it one of the largest landholders in Newfoundland, Canada’s newest and rapidly-emerging gold districts. The company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to Thunder Gold Corp (formerly White Metal Resources Inc.), and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.

About Benton Resources Inc.

Benton Resources Inc. is a well-funded mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Following a project generation business model, Benton has a diversified, highly-prospective property portfolio of Gold, Silver, Nickel, Copper, Platinum Group Elements, and most recently Lithium and Cesium assets. In addition, it currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains net smelter return (NSR) royalties with potential long-term cash flow.

Benton also entered into a 50/50 strategic alliance with Sokoman Minerals Inc. (TSXV: SIC) through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland that are being explored.

For further information, please contact:

Sokoman Minerals Corp. 
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email:
tim@sokomanmineralscorp.com 

Benton Resources Inc. 
Stephen Stares, President & CEO
Phone: 807-475-7474
Email:
sstares@bentonresources.ca 

CHF Capital Markets 
Cathy Hume, CEO
Phone: 416-868-1079 x 251
Email:
cathy@chfir.com

Website: www.sokomanmineralscorp.com ,  www.bentonresources.ca
Twitter: 
@SokomanMinerals , @BentonResources
Facebook: 
@SokomanMinerals , @BentonResourcesBEX
LinkedIn: 
@SokomanMinerals@BentonResources

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.”

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; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Alliance’s expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Alliance’s prospects, properties and business detailed elsewhere in the Alliance’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Alliance 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 Alliance’s expectations or projections.

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Sokoman And Benton Announce Start Of 2023 Drilling Program At The Kraken Lithium And Hydra Cesium Discoveries In Southwestern Newfoundland

ST. JOHN’S, NL / ACCESSWIRE / May 2, 2023 / Sokoman Minerals Corp. (TSXV: SIC)(OTCQB:SICNF) (“Sokoman”) and Benton Resources Inc. (TSXV:BEX) (“Benton”) together, (the “Alliance“) are pleased to announce the start of the 2023 drilling program which will see a minimum of 5,000 meters drilled on the 50-50 Golden Hope Joint Venture (“GHJV“). The GHJV was formed by the Alliance in 2021 to explore the mineral potential of an underexplored structural belt of rocks in southwestern Newfoundland hosting past-producing gold operations. Within the first week of exploration, the Alliance had discovered the very first hard rock lithium dyke on the Island, and in the fall of 2022, the Alliance discovered the very first cesium-rich dyke. These two areas of mineralization are now known as the Kraken Lithium Pegmatite Field and the Hydra Dyke. Drilling will commence at the Killick Zone, part of the Kraken Lithium Pegmatite Field, where holes completed in late 2022 all returned significant lithium mineralization highlighted by the following.

Killick Dyke Drilling

  • 1.04% Li2O over 15.23 m, including 4.18 m of 1.48% Li2O, and 2.98 m of 1.23% Li2O in GH-22-27 and, 9.50 m of 1.08% Li2O from GH-22-26

Other dykes tested include:

  • 0.95% Li2O over 8.40 m, including 1.76% Li2O over 0.80 m in GH-22-01 on the Kraken Main Dyke

  • 5.50 m at 1.16% Li2O within a wider intersection of 20.82 m averaging 0.60% Li2O in drill hole GH-22-15 on the East Dyke

Drilling will also test any new dykes uncovered during the ongoing soil geochemical and trenching program along strike to the east of the Kraken Lithium Pegmatite Field where in 2022, lithium-in-soil geochemical anomalies of similar strength to the discovery-dyke area lie four km along strike to the east of known dykes. A select number of holes will also be completed at the high-grade Hydra Dyke 12 km northeast of the Kraken Lithium Pegmatite Field once trenching and sampling have been completed. A 1.2 m-long channel sample collected at Hydra in late 2022 returned 8.76% Cs2O, 0.41% Li2O, 0.025% Ta2O5, and 0.33% Rb2O (see news release dated December 1, 2022). The dyke is only partially exposed (5 – 6 meters wide) and additional sampling is required to determine width of mineralization. All proposed work is fully permitted and funded with a $3 to $4 million budget for the entire lithium and cesium programs.

Tim Froude, President and CEO of Sokoman, says: “We are very pleased to be starting the 2023 drilling program and along with our JV partner Benton Resources, anticipate a successful program. The initial holes will target extending the Killick Dyke mineralization which has returned our best drill results to date, and once trenching has been completed at Hydra, testing the high-grade cesium mineralization defined in late 2022.”

Stephen Stares, President and CEO of Benton says: “We are extremely excited to kick off the field season at the GHJV and I’m confident that we’ll have another successful year on this newly discovered Lithium-Cesium belt. With our large land position, high demand for these much-needed critical metals and rapidly growing concerns to cut harmful emissions, Benton and Sokoman are truly in a rare position to unlock Newfoundland’s potential for LTC-type pegmatite discoveries while increasing shareholder value.”

QA/QC Protocols

Rock and core samples were submitted to SGS Canada Inc. in Grand Falls-Windsor, Newfoundland for preparation and then sent to the SGS Canada Inc. analytical laboratory in Burnaby, British Colombia. All samples submitted were taken or saw-cut by Sokoman/Benton personnel and delivered in sealed bags directly to the Grand Falls-Windsor prep lab by Sokoman/Benton personnel. SGS Canada Inc. (SGS) is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples are analyzed using SGS’s GS_IMS91A50 method that delivers a 56-element package utilizing sodium peroxide fusion, ICP-AES, and ICP-MS analytical techniques. All reported assays are uncut. Soil samples were collected by Sokoman/Benton personnel utilizing a standard Dutch-auger collecting B Horizon soil where possible. Where B was not present, the material collected was noted. The soil samples were sent to Eastern Analytical Ltd., in Springdale, NL, for Li, Ta, Sn, and Nb assaying by four-acid digestion and analyzed by ICP-OES. Eastern Analytical Ltd. achieved ISO 17025 accreditation in February 2014 (for more details on the scope of accreditation visit the CALA website).

QP

This news release has been reviewed and approved by Timothy Froude, P. Geo., President and CEO of Sokoman Minerals Corp., and Stephen House, P. Geo., VP Exploration for Benton Resources Inc., both the ‘Qualified Person’ under National Instrument 43-101.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. The company’s primary focus is its portfolio of gold projects: flagship, 100%-owned Moosehead, Crippleback Lake (available for option) and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The company entered a strategic alliance with Benton Resources Inc. through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland. Sokoman now controls independently and through the Benton alliance more than 150,000 hectares (>6,000 claims – 1,500 sq. km), making it one of the largest landholders in Newfoundland, Canada’s newest and rapidly-emerging gold districts. The company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to Thunder Gold Corp (formerly White Metal Resources Inc.), and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.

About Benton Resources Inc.

Benton Resources Inc. is a well-funded mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Following a project generation business model, Benton has a diversified, highly-prospective property portfolio of Gold, Silver, Nickel, Copper, Platinum Group Elements, and most recently Lithium and Cesium assets. In addition, it currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains net smelter return (NSR) royalties with potential long-term cash flow.

Benton entered a 50/50 strategic alliance with Sokoman Minerals Inc. (TSXV: SIC) through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland that are now being explored.

 

 

For further information, please contact:

Sokoman Minerals
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Emailtim@sokomanmineralscorp.com

Benton Resources
Stephen Stares, President & CEO
Phone: 807-475-7474
Emailsstares@bentonresources.ca

CHF Capital Markets
Thomas Do, IR Manager
Phone: 416-868-1079 x 232
Emailthomas@chfir.com

Websitewww.sokomanmineralscorp.com ,  www.bentonresources.ca
Twitter@SokomanMinerals , @BentonResources
Facebook@SokomanMinerals , @BentonResourcesBEX
LinkedIn@SokomanMinerals@BentonResources

 

 

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.”

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; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Alliance’s expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Alliance’s prospects, properties and business detailed elsewhere in the Alliance’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Alliance 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 Alliance’s expectations or projections.

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Sokoman Reports Additional Assay Results From Moosehead Gold Project, Central Newfoundland

Drilling at 463 Zone expands footprint; MH-23-519 extends 463 Zone 68 m down-plunge

St. John’s, NL, April 13, 2023 – Sokoman Minerals Corp. (TSXV:SIC) (OTCQB:SICNF) (the “Company” or “Sokoman”) is pleased to report that diamond drilling at the new 463 Zone has expanded the footprint of the zone and indicates a different plumbing system may be responsible for emplacing gold mineralization in some or perhaps most of the mineralized zones known on the property. Results are highlighted by MH-23-519, which intersected a 1.4 metre-wide zone of visible gold-bearing quartz veining that returned 12.41 g/t Au (from 409.75 m downhole) 68 m down-plunge from hole 463 and remains open to the south and to depth. The company has made a video giving a visual explanation of the results. Investors are encouraged to watch the video HERE.

Tim Froude, President and CEO of Sokoman, says: “We are very pleased with the results from the 463 Zone drilling as it has not only opened up a large new target area, but the possibility that the vein system at Moosehead may predate the Eastern Trend shear zone is a significant development. In the past year or so we have had many intersections that looked “out of place”, that we couldn’t seem to fit anywhere, now it makes sense that they occur in a perpendicular structure in the footwall below the main Eastern Trend and that the Eastern Trend while remaining a significant trap for gold, it may not be the primary target for additional gold mineralization. We are also optimistic that eventually we will encounter high-grade gold in the vicinity or associated with the 511 Zone; there is still only limited drilling in that area. We anticipate the annual spring breakup to coincide with the crew rotation in about two weeks with drilling recommencing in late May or earlier, if possible, and we are well funded, with over $6 million in the treasury.”

Drill Plan – April 13, 2023

In late 2022, drill hole MH-22-463 cut a significant thickness of gold mineralization (39.60 m @12.50 g/t Au including 10.5 m @41.97 g/t Au (see press release December 15, 2022) that appeared unique in several aspects to many previous intersections reported on the property. Located in the footwall to the main Eastern Trend, the intersection suggested a different structure and/or plumbing system existed in this underexplored area. Drill holes MH-22-505, 512, 517, 519 (and others), designed to test the 463 Zone, all intersected multiple, narrow, locally high-grade veins in the footwall and perpendicular to the main Eastern Trend.

In conjunction with discussions with structural consultant Dr. David Coller, it now appears clear that the 463 Zone is part of a system of less-deformed veins at right angles to the main Eastern Trend and consequently, parallel to most of the drilling completed over the previous two years. This also strongly suggests that the Eastern Trend may not be the feature controlling gold mineralization, but rather it has crosscut and incorporated a pre-existing vein system as we now see similar-looking gold bearing veins in deformed, as well as largely-pristine rocks. It also opens up the entire footwall environment as a host to high-grade veins.

At the 511 Zone, located under South Pond, drilling continued to intersect gold mineralization (MH-23-514 to 516) and the zone remains open and will be further tested in 2023. The recent drilling also confirms that the 511 Zone consists of multiple subparallel structures.

QP

This news release has been reviewed and approved by Timothy Froude, P.Geo., 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, were submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for gold analysis. All core samples submitted for assay were saw cut by Sokoman personnel with one-half submitted for assay and one-half retained for reference. Samples were 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 were submitted for total pulp metallics and gravimetric finish. All other samples were analyzed by standard fire assay methods. Total pulp metallic analysis includes: the whole sample is crushed to -10 mesh; 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 are 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.

Table of Results – April 13, 2023

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in the province of Newfoundland and Labrador, Canada. The Company’s primary focus is its portfolio of gold projects; the 100% flagship, advanced-stage Moosehead, as well as Crippleback Lake (available for option); and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, that is targeting Dalradian-type, orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The Company also entered into a strategic alliance with Benton Resources Inc. through three, large-scale, joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland. Sokoman now controls, independently and through the Benton alliance, over 150,000 hectares (>6,000 claims – 1500 sq. km), making it one of the largest landholders in Newfoundland, in Canada’s newest and rapidly-emerging gold districts. The Company also retains a 1% NSR interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to Thunder Gold Corp (formerly White Metal Resources Inc.), and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project which has Direct Shipping Ore (DSO) potential.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.

The Company would like to thank the Government of Newfoundland and Labrador for past financial support of the Moosehead Project through the Junior Exploration Assistance Program.

  

For further information, please contact:

Sokoman Minerals
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: 
tim@sokomanmineralscorp.com

CHF Capital Markets
Cathy Hume, VP Corporate Development, Director
Phone: 416-868-1079 x251
Email: 
cathy@chfir.com

CHF Capital Markets
Thomas Do, IR Manager
Phone: 416-868-1079 x 232
Email: 
thomas@chfir.com

Website: www.sokomanmineralscorp.com
Twitter: 
@SokomanMinerals
Facebook: 
@SokomanMinerals
LinkedIn: 
@SokomanMinerals

 

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. 

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Press Release, 2023 daniyal khsolutionz Press Release, 2023 daniyal khsolutionz

Sokoman And Benton Announce Exploration Update For Kraken Lithium And Hydra Cesium Discoveries In Southwestern Newfoundland

St. Johns, NL, March 28, 2023 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (“Sokoman”) and, Benton Resources Inc. (TSXV: BEX) (“Benton”), together (the “Alliance“) are pleased to provide an exploration update and outline immediate plans for the 50-50 Golden Hope Joint Venture (GHJV). The GHJV was formed by the Alliance in 2021 to explore the mineral potential of an underexplored structural belt of rocks in southwestern Newfoundland hosting past-producing gold operations. Within the first week of exploration, the Alliance had discovered the very first hard rock lithium dyke on the Island, and in the fall of 2022, the Alliance discovered the very first cesium-rich dyke. These two areas of high-grade mineralization are now known as the Kraken Lithium Pegmatite Field and the Hydra Dyke. Prospecting, trenching, mapping, soil geochemistry, and three (3) phases of diamond drilling during the 2021 and 2022 field seasons, have resulted in multiple new discoveries which remain wide open for expansion.

Golden Hope JV Project – Kraken Lithium Pegmatite Field to Hydra Dyke

The Alliance would like to report that it has also renewed and received approval for its camp permits along with continued exploration permits for the entire GHJV land position. These permits allow for a fourth phase diamond drilling program consisting of a minimum of 5,000 metres along with prospecting, soil sampling, and geological mapping along the highly-favourable trend.

The fourth phase, 5,000-metre drill program is anticipated to start within the next few weeks and camp preparation will start as soon as next week. Highlights from earlier phases of drilling at the Kraken Lithium Pegmatite Field have returned very promising results including:

  • 1.04% Li2O over 15.23 m, including 4.18 m of 1.48% Li2O and 2.98 m of 1.23% Li2O in GH-22-27 on the newly discovered Killick Zone

  • 0.95% Li2O over 8.40 m from 47.8 m to 56.2 m, including 1.76% Li2O over 0.80 m in GH-22-01 on the Kraken Main Dyke

  • 5.50 m at 1.16% Li2O within a wider intersection of 20.82 m averaging 0.60% Li2O in drill hole GH-22-15 on the East Dyke

  • Lithium-in-soil geochemical anomalies of similar strength to the discovery dyke area lie 4 km along strike to the east of known dykes and are top priority trenching targets

The Alliance is also pleased to report that it has received drilling permits for the newly discovered cesium-tantalum-rubidium and lithium-rich Hydra Dyke, which is 12 km northeast of the Kraken Lithium Pegmatite Field. Initial channel sampling last fall at the Hydra Dyke returned results as high as 8.76% Cs2O, 0.41% Li2O, 0.025% Ta2O5, and 0.33% Rb2O over 1.20 m in channel sampling (see news release dated December 1, 2022). The Alliance is planning trenching to be followed by drilling as soon as the snow has melted.

Tim Froude, President and CEO of Sokoman, says: “The 2023 exploration program at the GHJV is arguably one of the most important programs we will undertake. The results to date, from an area with no previous critical metal history, have already demonstrated the district-scale potential of the project. The 4 km long untested soil geochemical anomaly, directly on trend from our known dykes, will be one of the first areas targeted, and I will be very surprised if more dykes are not discovered. This still represents only 10% of the strike length of the system that we have under our control.”

Stephen Stares, President and CEO of Benton, says: “We are extremely excited to kick off the field season at the GHJV and I’m confident that we’ll have another successful year on this newly discovered Lithium-Cesium belt. With our large land position, high demand for these much-needed critical metals and rapidly growing concerns to cut harmful emissions, Benton and Sokoman are truly in a rare position to unlock Newfoundland’s potential for LTC-type pegmatite discoveries while increasing shareholder value.”

QA/QC Protocols

Rock and core samples were submitted to SGS Canada Inc. in Grand Falls-Windsor, Newfoundland for preparation and then sent to the SGS Canada Inc. analytical laboratory in Burnaby, British Colombia. All samples submitted were taken or saw-cut by Benton/Sokoman personnel and delivered in sealed bags directly to the Grand Falls-Windsor prep lab by Benton/Sokoman personnel. SGS Canada Inc. (SGS) is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples are analyzed using SGS’s GS_IMS91A50 method that delivers a 56-element package utilizing sodium peroxide fusion, ICP-AES, and ICP-MS analytical techniques. All reported assays are uncut. Soil samples were collected by Sokoman/Benton personnel utilizing a standard Dutch-auger collecting B Horizon soil where possible. Where B was not present, the material collected was noted. The soil samples were sent to Eastern Analytical Ltd., in Springdale, NL, for Li, Ta, Sn, and Nb assaying by four-acid digestion and analyzed by ICP-OES. Eastern Analytical Ltd. achieved ISO 17025 accreditation in February 2014 (for more details on the scope of accreditation visit the CALA website).

QP

This news release has been reviewed and approved by Timothy Froude, P. Geo., President and CEO of Sokoman Minerals Corp., and Stephen House, P. Geo., VP Exploration for Benton Resources Inc., both the ‘Qualified Person’ under National Instrument 43-101.

Benton also recently entered into a 50/50 strategic alliance with Sokoman Minerals Inc. (TSXV: SIC) through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland that are now being explored.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. The company’s primary focus is its portfolio of gold projects: flagship, 100%-owned Moosehead, Crippleback Lake (available for option) and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The company also recently entered into a strategic alliance with Benton Resources Inc. through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland. Sokoman now controls independently and through the Benton alliance over 150,000 hectares (>6,000 claims – 1,500 sq. km), making it one of the largest landholders in Newfoundland, Canada’s newest and rapidly-emerging gold districts. The company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to Thunder Gold Corp (formerly White Metal Resources Inc.), and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.

About Benton Resources Inc.

Benton Resources Inc. is a well-funded mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Following a project generation business model, Benton has a diversified, highly-prospective property portfolio of Gold, Silver, Nickel, Copper, Platinum Group Elements, and most recently Lithium and Cesium assets. In addition, it currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains net smelter return (NSR) royalties with potential long-term cash flow.

 

 

For further information, please contact:

Sokoman Minerals
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: 
tim@sokomanmineralscorp.com

Benton Resources
Stephen Stares, President & CEO
Phone: 807-475-7474
Email: 
sstares@bentonresources.ca

CHF Capital Markets
Thomas Do, IR Manager
Phone: 416-868-1079 x 232
Email: 
thomas@chfir.com

Website: www.sokomanmineralscorp.com ,  www.bentonresources.ca
Twitter: 
@SokomanMinerals , @BentonResources
Facebook: 
@SokomanMinerals , @BentonResourcesBEX
LinkedIn: 
@SokomanMinerals@BentonResources

 

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.”

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; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Alliance’s expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Alliance’s prospects, properties and business detailed elsewhere in the Alliance’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Alliance 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 Alliance’s expectations or projections.

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Sokoman Minerals To Present At The Emerging Growth Conference On Wednesday, March 22, 2023

ST. JOHN’S, NL / ACCESSWIRE / March 20, 2023 / Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) (“Sokoman” or the “Company”) is pleased to announce that it has been invited to present at the Emerging Growth Conference on Wednesday, March 22, 2023 at 10:15am EST.

This live, interactive online event will give existing shareholders and the investment community the opportunity to interact with the Company’s President and CEO, Tim Froude in real-time. Mr. Froude will provide the latest updates on Sokoman’s projects including flagship, 100%-owned Moosehead Gold in Central Newfoundland, and the Kraken Lithium Pegmatite project in Southwestern Newfoundland, followed by a Q&A session. Please submit your questions in advance to Questions@EmergingGrowth.com.

Please register HERE to ensure you are able to attend the conference and receive any updates that are released: https://goto.webcasts.com/starthere.jsp?ei=1595544&tp_key=e1808cf5bc&sti=sicnf

If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available on EmergingGrowth.com and on the Emerging Growth YouTube Channel, http://www.YouTube.com/EmergingGrowthConference. We will release a link to that after the event.

About the Emerging Growth Conference

The Emerging Growth conference is an effective way for public companies to present and communicate their new products, services, and other major announcements to the investment community from the convenience of their office, in a time-efficient manner.

The Conference focus and coverage include companies in a wide range of growth sectors, with strong management teams, innovative products and services, focused strategy, execution, and the overall potential for long-term growth. Its audience includes potentially tens of thousands of individual and institutional investors, as well as investment advisors and analysts.

All sessions will be conducted through video webcasts and will take place in the Eastern time zone.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. The Company’s primary focus is its portfolio of gold projects: flagship, 100%-owned Moosehead, Crippleback Lake (available for option), and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in northwestern Newfoundland, which is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The Company also entered into a strategic alliance with Benton Resources Inc. through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland. Sokoman now controls independently and through the Benton alliance over 150,000 hectares (>6,000 claims – 1,500 sq. km), making it one of the largest landholders in Newfoundland, Canada’s newest and rapidly-emerging gold districts. The Company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to Thunder Gold Corp (formerly White Metal Resources Inc.) and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.

  

For further information, please contact:

Sokoman Minerals
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: 
tim@sokomanmineralscorp.com

CHF Capital Markets
Thomas Do, IR Manager
Phone: 416-868-1079 x 232
Email: 
thomas@chfir.com

Website: www.sokomanmineralscorp.com
Twitter: 
@SokomanMinerals
Facebook: 
@SokomanMinerals
LinkedIn: 
@SokomanMinerals

  

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.

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Sokoman And Benton Report Kraken Lithium Discovery Best Drill Intercepts To Date

Soil sampling expands footprint

GH-22-27 cuts 15.23 m @ 1.04% Li2O; including 4.18 m @ 1.48% Li2O

St. John’s, NL, February 16, 2023 – Sokoman Minerals Corp. (TSXV:SIC) (OTCQB:SICNF) (“Sokoman”) and Benton Resources Inc. (TSXV:BEX) (“Benton”), together (the “Alliance”) are pleased to report the final assays from the Phase 3 drill program, completed in December 2022, on the Golden Hope Joint Venture. The drilling totalled 1,607 m in 11 drill holes including initial drilling on the Killick Zone (see October 18, 2022, and November 30, 2022 news releases), the Kraken Dyke and the Kraken West Dyke.

All three holes drilled at the Killick Zone (GH-22-25 to 27) gave the best lithium intersections on the project to date as follows:

  • GH-22-25 – multiple spodumene-bearing pegmatite dykes with 14.74 m of 0.64% Li2O, including 5.73 m of 0.92% Li2O

  • GH-22-26 – 26 m behind GH-22-25 – multiple spodumene-bearing pegmatite dykes with 9.5 m of 1.08% Li2O, including 2.15 m of 2.01% Li2O

  • GH-22-27 – 30 m N of holes 25 and 26 along strike – 15.23 m of 1.04% Li2O, including 4.18 m of 1.48% Li2O and 2.98 m of 1.23% Li2O.

The Killick Zone remains open in all directions.

Six holes tested the Kraken Discovery Zone (see Figure 1) (see June 30, 2022 news release) with three, GH-22-28, 29, and 35 intersecting multiple spodumene-bearing pegmatite dykes, including 2.10 m of 1.02% Li2O in hole GH-22-28, 2.10 m of 1.18% Li2O in hole GH-22-29 and 1.50 m of 1.25% Li2O in hole GH-22-35.

Two drill holes on the Kraken West Dyke and one hole on the Kraken Discovery Zone had no visible spodumene, with only narrow (<1 m) pegmatite dykes in hole GH-22-30. A summary of the results follows in Table 1, drill locations are shown in Figure 1, cross-sections in Figures 2 and 3 and lithium in soil data in Figure 4.

Soil geochemistry continues to expand the overall footprint of potential lithium- (+/- cesium, tantalum and rubidium) enriched dykes at least 2,000 m to the northeast of the known mineralization at the Killick Zone (see Figure 4). Soil anomalies in lithium are of a similar tenor (less than detection limit to 390 ppm Li) to those over known mineralization that have recently been received and are priority prospecting targets for this spring.

A minimum 5,000 m Phase 4 drill program is planned to begin in early spring along with continued prospecting, geological mapping, and soil geochemistry to continue through 2023.

Table 1 – Summary of Drill Results – Phase 3 drilling

* Core lengths – true thickness believed to be 90% of core lengths
NVS – no visible spodumene
NDI – no dyke (pegmatite) intersected

Figure 1 – Golden Hope Project – Plan Map GH-22-25 to GH-22-35

Figure 2 – Killick Zone Drill Section 5299206N – Holes GH-22-25 and GH-22-26

Figure 3 – Killick Zone Drill Section 5299242N – Hole GH-22-27

Figure 4 – Golden Hope Project – Lithium in Soils Map

The Alliance has applied for a drill permit for the newly discovered Hydra Zone, where a cesium +/-lithium/tantalum/rubidium-rich dyke was discovered in late 2022, 12 km to the northeast of the Kraken Dyke Swarm. Channel sampling of the dyke gave values of 1.20 m @ 8.76% Cs2O, 0.405% Li2O, 0.025% Ta2O5, and 0.33% Rb2O incl. 0.40 m @ 13.57% Cs2O, 0.316% Li2O, 0.012% Ta2O5, and 0.38% Rb2O. Recentcesium, lithium, tantalum, and rubidium results extend the cesium-rich dyke(s) to at least a 60 m strike length, remaining open to the north, south, and to depth. Results of three grab samples of coarse-grained pegmatite, located up to 40 m to the north of the channel samples, ranged from 133 to 4,210 ppm Cs, 53 to 852 ppm Li, 71 to 98 ppm Ta, and 201 to 3,410 ppm Rb.

Tim Froude, President and CEO of Sokoman, says: “We are very pleased with the latest results from the Golden Hope JV. Killick is turning into an interesting and higher-grade zone and combined with the soil geochemical results, this means we still do not know the full extent of the lithium and other critical minerals potential on this property. It remains entirely possible that the best mineralization may be as yet untouched, and we look forward to an exciting year at Golden Hope.”

Stephen Stares, President and CEO of Benton, says: “Benton is extremely pleased with the new results, especially with the new Killick discovery, which is wide open for expansion in every direction. To date, every drill program has been very successful and has provided excellent information that continues to guide us into the next drill phase and exploration follow-up. We are looking forward to our upcoming spring-summer program and the potential of our continued success in discovering these critical metals.”

QA/QC Protocols

Rock and core samples are submitted to SGS Canada Inc. in Grand Falls-Windsor, Newfoundland for preparation and then sent to the SGS Canada Inc. analytical laboratory in Burnaby, British Colombia. All samples submitted were taken or saw cut by Sokoman personnel and delivered in sealed bags directly to the Grand Falls-Windsor prep lab by Sokoman personnel. SGS Canada Inc. (SGS) is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples are analyzed using SGS’s GS_IMS91A50 method that delivers a 56-element package utilizing sodium peroxide fusion, ICP-AES and ICP-MS analytical techniques. All reported assays are uncut. Soil samples were collected by Sokoman/Benton personnel utilizing a standard Dutch-auger collecting B Horizon soil where possible. Where B was not present, the material collected was noted. The soil samples were sent to Eastern Analytical Ltd., in Springdale, NL, for Li, Ta, Sn and Nb assaying by a four-acid digestion and analyzed by ICP-OES. Eastern Analytical Ltd. in February 2014 achieved ISO 17025 accreditation (for more details on the scope of accreditation visit the CALA website).

QP

This news release has been reviewed and approved by Timothy Froude, P.Geo., President and CEO of Sokoman Minerals Corp., and Stephen House, P.Geo., VP Exploration for Benton Resources Inc., both the ‘Qualified Person’ under National Instrument 43-101.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. The company’s primary focus is its portfolio of gold projects: flagship, 100%-owned Moosehead, Crippleback Lake (optioned to Trans Canada Gold Corp.) and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in northwestern Newfoundland, which is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The company also recently entered into a strategic alliance with Benton Resources Inc. through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland. Sokoman now controls independently and through the Benton alliance over 150,000 hectares (>6,000 claims – 1,500 sq. km), making it one of the largest landholders in Newfoundland, Canada’s newest and rapidly-emerging gold districts. The company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.

About Benton Resources Inc.

Benton Resources Inc. is a well-funded mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Following a project generation business model, Benton has a diversified, highly-prospective property portfolio of Gold, Silver, Nickel, Copper, Platinum Group Elements, and most recently Lithium and Cesium assets. In addition, it currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains net smelter return (NSR) royalties with potential long-term cash flow.

Benton also recently entered into a 50/50 strategic alliance with Sokoman Minerals Inc. (TSXV: SIC) through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland that are now being explored.

 

 

For further information, please contact:

Sokoman Minerals
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: 
tim@sokomanmineralscorp.com

Benton Resources
Stephen Stares, President & CEO
Phone: 807-475-7474
Email: 
sstares@bentonresources.ca

CHF Capital Markets
Thomas Do, IR Manager
Phone: 416-868-1079 x 232
Email: 
thomas@chfir.com

Website: www.sokomanmineralscorp.com ,  www.bentonresources.ca
Twitter: 
@SokomanMinerals , @BentonResources
Facebook: 
@SokomanMinerals , @BentonResourcesBEX
LinkedIn: 
@SokomanMinerals@BentonResources

 

 

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.”

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; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Alliance’s expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Alliance’s prospects, properties and business detailed elsewhere in the Alliance’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Alliance 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 Alliance’s expectations or projections.

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Sokoman Reports Additional High-Grade Gold At Eastern Trend Moosehead Gold Project, Central Newfoundland

MH-22-505 cuts 21.35 m of 9.75 g/t Au from Eastern Trend; New Zone intersected at South Pond

St. John’s, NL, February 8, 2023 – Sokoman Minerals Corp. (TSXV:SIC) (OTCQB:SICNF) (the “Company” or “Sokoman”) is pleased to report significant gold mineralization intersected in the main Eastern Trend (MH-22-505) approximately 200 m up hole from the targeted 463 Zone. Hole MH-22-505 cut 21.35 m averaging 9.75 g/t Au including 7.75 m averaging 21.82 g/t Au from 199.05 m downhole. The hole deviated slightly and passed above the targeted 463 Zone. Multiple narrow quartz veins, with specks of visible gold, were intersected in the portion of MH-22-505 closest to the 463 Zone (Figure 2 and summarized in accompanying table). The veins occur at high angles to core axis, are oblique to the Eastern Trend and are north-northeast trending – points which validate the current 463 Zone model.

As was reported on December 15, 2022, the 463 Zone is a significant departure in vein style/geometry from earlier drill intersections in the vicinity. The “463” intercept is thicker than any other to date and includes the “typical” high-grade vuggy-type veins with abundant VG with 5%-7% accessory boulangerite as well as brecciated veining with occasional specks of VG with minor boulangerite and sphalerite. Preliminary conclusions are that the 463 Zone is the hinge zone of a folded footwall splay vein off the lower Eastern Trend (Figure 2) with the geometry inferred to be a flat structure with a north-south trend. Initial assay results from the 463 Zone were released on September 6, 2022. The results included a 39.6 m intercept (core length) at 12.50 g/t Au (from 295.30 m downhole) including a higher-grade interval of 10.25 m at 41.97 g/t Au (from 312.35 m downhole).

A second hole, MH-22-512, targeting the 463 Zone, has been collared from the west side of North Pond to be used as a pilot hole to wedge additional holes. These drill holes will test for additional folded splays unrecognized to date with the heavy bias of drilling the, moderately east-dipping, Eastern Trend from west to east.

New Zone at South Pond

The new 511 Zone has been intersected in two holes testing an IP response under South Pond. The intersections are 250 m south of the South Pond Zone where drilling intersected 5.00 m of 26.87 g/t Au, incl 2.15 m @ 60.59 g/t Au from 47.00 m downhole in MH-20-123. The 511 Zone was initially intersected in MH-22-510, where a 3.55 m wide zone of mineralization grading 0.98 g/t Au was cut at a downhole depth of 419 m. Hole MH-22-511, 100 m to the south, intersected a 20.97 m wide mineralized zone (core length) averaging 1.12 g/t Au with a higher-grade section, 3.60 m wide, averaging 2.32 g/t Au starting at 336 m downhole. The 511 Zone, hosted in sediments cut by altered mafic dykes carrying up to 5% disseminated pyrite and arsenopyrite with 20%-30% quartz carbonate veining, is open to the south and to depth. This mineralization style is found in most gold zones at Moosehead and is often associated with higher-grade, VG-bearing, quartz veins. It is still not known if the intersections in holes 510 and 511 are one continuous zone or two separate, subparallel zones. Additional holes are planned for the area.

Summary of New Assay Results

Reconnaissance Drilling

Drill holes MH-22-491, 493, 494, 497, 499 and 506 – 509 were drilled in the extreme southern portion of the property testing historical soil and reverse circulation (RC) drilling geochemical anomalies identified by Altius Resources in the late 1990’s. Weakly Au anomalous shear zones were intersected but nothing of significance was encountered. Although targets remain in the area, reconnaissance drilling planned for Q1 2023 will focus on the northern portion of the property where historical float samples, reported by Altius Resources, assaying 181 g/t Au lie in proximity to the perceived northern extension of the Eastern Trend.

Tim Froude, President and CEO of Sokoman, says: “We are very pleased to report the progress of drilling at both the 463 Zone and the new “511” Zone(s) in MH-22-510 and 511 at South Pond. Diamond drill hole MH-22-505 initially reported in December 2022, deviated and passed over the top of the 463 Zone. As a result, MH-22-512, the second hole directed towards the 463 Zone, was positioned to test the lower portion of the zone in the event that if the hole does stay straight, we will then be able to wedge off of it. Hole MH-22-505 was a very successful hole in that it was able to cut a good slice through the main Eastern Trend as well as providing additional information in the vicinity of the 463 Zone. It is now becoming apparent that there possibly are more mineralized splays developing in the footwall to the Eastern Trend based on the number of high angle veins and shear zones intersected in MH-22-505. At least six mineralized intervals were cut in the footwall below the main Eastern Trend. It will take more drilling of the footwall area to determine the significance of these zones in addition to the primary target at 463.

We are also encouraged by the intersections in both holes in the new 511 Zone at South Pond. While grades are modest, the setting is similar to that encountered at most mineralized zones at Moosehead with higher-grade, VG-bearing veins, spatially associated with altered / mineralized mafic dykes. The 511 Zone is open to the south and to depth and lies proximal to the intersection of at least two major structures, the Eastern Trend and the Valentine Lake Shear Zone. Multiple drill holes will test this area in the coming weeks.”

Figure 1 – Drill Plan – Moosehead Project

Figure 2 – Drill Section MH-22-505

The Moosehead Project has five known zones of open-ended gold mineralization focused on the Eastern Trend in the central portion of the property with mineralization defined over a 600-m strike length and to over 370 m down dip. The Company is well funded with more than $7 million in the treasury.

QP

This news release has been reviewed and approved by Timothy Froude, P.Geo., a “Qualified Person” under National Instrument 43-101 and President and CEO of Sokoman Minerals Corp.

The Company would like to thank the Government of Newfoundland and Labrador for past financial support of the Moosehead Project through the Junior Exploration Assistance Program.

Analytical Techniques / QA/QC

Samples, including duplicates, blanks, and standards, were submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for gold analysis. All core samples submitted for assay were saw cut by Sokoman personnel with one-half submitted for assay and one-half retained for reference. Samples were 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 were submitted for total pulp metallics and gravimetric finish. All other samples were analyzed by standard fire assay methods. Total pulp metallic analysis includes: the whole sample is crushed to -10 mesh; 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.

December’s Flow-Through Private Placement

Further to its December 28, 2022 news release, Sokoman received final approval from the TSX Venture Exchange and the Company issued 14,795,544 Flow-Through Units for aggregate gross proceeds of $4,142,752. Cash finder’s fees totaling $192,155.61 were paid, in accordance with TSX Venture Exchange policies.

The Financing was effected with three insiders, for a total of 192,143 Units or $53,800.04, each insider subscription being a “related party transaction” as such term is defined under MI 61-101 – Protection of Minority Security Holders in Special Transactions. The Company is relying on exemptions from the formal valuation requirement of MI-61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it involves the interested party, is not more than 25% of the Company’s market capitalization.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in the province of Newfoundland and Labrador, Canada. The Company’s primary focus is its portfolio of gold projects; the 100% flagship, advanced-stage Moosehead, as well as the Crippleback Lake; and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project Near Baie Verte in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The Company also recently entered into a strategic alliance with Benton Resources Inc. through three, large-scale, joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland. Sokoman now controls, independently and through the Benton alliance, over 150,000 hectares (>6,000 claims – 1500 sq. km), making it one of the largest landholders in Newfoundland, in Canada’s newest and rapidly-emerging gold districts. The Company also retains a 1% net smelter return (NSR) interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to Thunder Gold Corp (formerly White Metal Resources Inc.), and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project which has Direct Shipping Ore (DSO) potential.

 

 

For further information, please contact:

Sokoman Minerals
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: 
tim@sokomanmineralscorp.com

CHF Capital Markets
Cathy Hume, VP Corporate Development, Director
Phone: 416-868-1079 x251
Email: 
cathy@chfir.com

CHF Capital Markets
Thomas Do, IR Manager
Phone: 416-868-1079 x 232
Email: 
thomas@chfir.com

Website: www.sokomanmineralscorp.com
Twitter: 
@SokomanMinerals
Facebook: 
@SokomanMinerals
LinkedIn: 
@SokomanMinerals

 

 

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. 

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Sokoman And Benton Announce Updates On Newfoundland Joint Venture Projects Golden Hope And Grey River

Additional High-Grade Cesium Assays from Hydra Dyke at Golden Hope: Gold Mineralization Expanded at Grey River

St. John’s, NL, January 16, 2023 – Sokoman Minerals Corp. (TSXV:SIC) (OTCQB:SICNF) (“Sokoman”) and Benton Resources Inc. (TSXV:BEX) (“Benton”), together (the “Alliance”) are pleased to report final assay results from the recently discovered cesium-rich dyke (“Hydra Dyke” or “Hydra”) on the Golden Hope Joint Venture Project, as well as final drill results from a successful Phase 2 drilling campaign at Grey River; both projects are located in southwestern Newfoundland.

Golden Hope Joint Venture Project

Initial grab sampling at Hydra, the cesium +/-lithium/tantalum/rubidium-rich dyke discovery 12 km northeast of the Kraken Pegmatite (lithium) Dyke Swarm, returned a high value of 1.56% Cs2O (cesium oxide), along with 0.4% Li2O (lithium oxide), 0.022% Ta2O5 (tantalum oxide), and 0.30% Rb2O (rubidium oxide) (see news release dated November 17, 2022). Follow-up channel sampling returned a 1.2 m channel sample averaging 8.76% Cs2O, 0.41% Li2O, 0.025% Ta2O5, and 0.33% Rb2O (see news release dated December 1, 2022). Results from the full suite of samples, which include additional high-grade cesium values, as well as significant values in lithium, rubidium, and tantalum, are summarized below.

Hydra Dyke – 2022 Channel Sampling Highlights

  1. – 2.00 m @ 0.457% Cs2O, 0.156% Li2O, 0.023% Ta2O5, and 0.17% Rb2O

  2. – 1.20 m @ 0.854% Cs2O, 0.157% Li2O, 0.021% Ta2O5, and 0.30% Rb2O
    incl. 0.40 m @ 1.94% Cs2O, 0.081% Li2O, 0.025% Ta2O5, and 0.08% Rb2O

  3. – 4.00 m @ 0.834% Cs2O, 0.117% Li2O, 0.013% Ta2O5, and 0.12% Rb2O
    incl. 0.50 m @ 5.13% Cs2O, 0.258% Li2O, 0.007% Ta2O5, and 0.21% Rb2O

  4. – 1.70 m @ 0.264% Cs2O, 0.095% Li2O, 0.022% Ta2O5, and 0.073% Rb2O

  5. – 1.20 m @ 8.76% Cs2O, 0.405% Li2O, 0.025% Ta2O5, and 0.33% Rb2O
    *incl. 0.40 m @ 13.57% Cs2O, 0.316% Li2O, 0.012% Ta2O5, and 0.38% Rb2O
    *Previously released

Golden Hope Project – Drill Collars

The five channel samples gave values from 0.264% to 8.76% Cs2O (full-length averages), with significant lithium, rubidium, and tantalum, over lengths ranging from 1.2 m to 4.0 m. The 5 m – 6 m wide dyke is partially exposed on a hill slope which allowed a 15 m x 15 m area of the dyke to be sampled, has been traced 100 m along strike to where it disappears under overburden in both directions. Winter weather has prevented further work at the Hydra discovery, but regional soil geochemical surveys have been ongoing and will continue through the winter. In the meantime, assays are expected within three to four weeks from the recently completed 11 holes (1,606 m) in the Phase 3 drill program focused on the Kraken Discovery Dyke and East Dyke areas. The East Dyke prospect is located less than a kilometre east of the Kraken Pegmatite Dyke Swarm. Three holes, GH-22-25 to GH-22-27 were drilled on the new Killick discovery, believed to be an extension of the East Dyke, intersecting multiple, near surface, spodumene-bearing dykes with GH-22-25 intersecting eight pegmatite dykes ranging from 0.8 m to 11.2 m thick (drilled thickness; true thickness uncertain at this time) with spodumene noted over an 8.8 m interval. Hole GH-22-26, drilled 35 m behind GH-22-25, also cut multiple spodumene-bearing dykes with drilled thicknesses ranging from 0.8 m to 10.5 m, with spodumene noted over the entire 10.5 m section. Hole GH-22-27, drilled along strike 30 m to the north of holes 25 and 26, cut two pegmatite dyke zones of 14.2 m and 2.95 m thick with spodumene noted over 12.83 m of the 14.2 m interval, and the entire length of the 2.95 m interval.

At the Kraken Pegmatite Dyke Swarm, eight (8) more holes were drilled to test the main Kraken Discovery Dyke and westward along trend to test sub-crop and surface mineralization. Most holes encountered spodumene-bearing pegmatite dykes ranging from 0.5 m – 5.25 m thick including Hole GH-22-28, which intersected three dyke zones with intersections of 2.12 m to 10.97 m core length and Hole GH-22-35, a 25 m undercut south of the discovery hole, GH-22-01, intersected several pegmatite dyke zones including a 5.25 m spodumene-bearing dyke. At Kraken West, drilling tested an area of sub-crop mineralization however the bedrock source remains unidentified and a high-priority target.

Results from a soil geochemistry program, 3.5 km to 5.2 km east of the Kraken Discovery Dyke, have outlined highly anomalous lithium and tantalum anomalies located along strike. These high-priority targets will be investigated as soon as the weather conditions allow.

Moving forward, a minimum 5,000 m program is being planned and will commence once all results are received and compiled and weather permits. The Alliance continues to be impressed with the rate of discovery in this new lithium district and looks forward to the future exploration success of this exciting lithium project located in the mining-friendly province of Newfoundland and Labrador.

QA/QC Protocols

Rock and core samples are submitted to SGS Canada Inc. in Grand Falls-Windsor, Newfoundland for preparation and then sent to the SGS Canada Inc. analytical laboratory in Burnaby, British Colombia. All samples submitted were taken or saw-cut by Sokoman personnel and delivered in sealed bags directly to the Grand Falls-Windsor prep lab by Sokoman personnel. SGS Canada Inc. (SGS) is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples are analyzed using SGS’s GS_IMS91A50 method that delivers a 56-element package utilizing sodium peroxide fusion, ICP-AES, and ICP-MS analytical techniques. All reported assays are uncut. Soil samples were collected by Sokoman/Benton personnel utilizing a standard Dutch-auger collecting B Horizon soil where possible. Where B was not present, the material collected was noted. The soil samples were sent to Eastern Analytical Ltd., in Springdale, NL, for Li, Ta, Sn, and Nb assaying by a four-acid digestion and analyzed by ICP-OES. Eastern Analytical Ltd. in February 2014 achieved ISO 17025 accreditation (for more details on the scope of accreditation visit the CALA website).

Grey River Project

The Grey River project is located on the south coast of Newfoundland approximately 30 km east of the town of Burgeo. The project is host to widespread, and locally high-grade, gold mineralization associated with a >10 km long quartz/silica body, bounded by sedimentary units, dipping steeply to the north. Gold occurs in the quartz/silica body in zones of extensive veining and silica containing 2%-20% disseminated and stringer pyrite. Historic grab samples, and grab samples taken by Sokoman and Benton personnel (see press release dated September 2, 2021), have given gold values ranging from 5 ppb to 225 g/t Au and drilling has confirmed the gold mineralized zones as locally extensive and high-grade, including previously released assay values from GR-21-01 that include 50.13 g/t Au over 0.35 m. Previous workers have compared the gold mineralization at Grey River to the high-grade Pogo gold mine in the Tintina district of Alaska. The Pogo mine, to the end of 2019, produced 3.9M oz gold at 13.6 g/t Au (Northern Star Resources, November 22, 2021).

The 14-hole, 3,350 m, 2022 Phase 2 drilling, has returned multiple intersections of gold mineralization in drill holes covering 6.9 km of strike length with the mineralization remaining open in all directions. The results are highlighted in the table below:

* Core lengths – believed to be 70-90% of reported lengths.

2021 Program highlights (previously reported) 

The 2022 drill program has demonstrated both lateral and vertical continuity of gold mineralization and has intersected anomalous gold values up to 1.7 km east of the 2021 drilling with holes GR-22-06, GR-22-09, and GR-22-19 all intersecting anomalous gold values.

Noteworthy of the Grey River project is:

  • Gold mineralization in 19 holes over a 6.9 km strike length

  • Host – silica zone remains open to the east, west, and to depth – broad zones remain untested

  • 2022 drilling shows lateral and vertical continuity of gold-bearing zones

  • Gold zones in multiple drill holes with grades up to 50.13 g/t Au

Grey River Property. Gulch Cove area drill collar locations. 2021 (white) & 2022 (black)

Grey River Property. East zone drill collar locations. 2021 (white) & 2022 (black)

An intensive data review including historical exploration is ongoing and a 2023 program will be proposed in the coming weeks. A preliminary assessment of airborne magnetic data has already identified a series of northwest-trending structures that may have not been recognized previously, several of which appear spatially associated with gold mineralization, which has not been either drill tested or prospected.

Timothy Froude, P.Geo., President and CEO of Sokoman stated: “The results from the Hydra LCT (Li/Cs/Ta) dyke at Golden Hope confirm our initial results and we look forward to expanding the footprint of the mineralization at the nearest opportunity. The discovery of Hydra took place just as winter settled in so the earliest we expect to be back on site is early spring. While still very early stage there may be an opportunity to drill test the showing during the next phase of drilling at Kraken, the lithium dyke swarm 12 km southwest of Hydra. While we are waiting for the assays from the recently completed 1,606 m drill program at Kraken, we will continue with geochemical (soil) sampling once winter conditions allow for safe travel on snowmobile. Grey River remains a project of high potential. I have worked on very few projects where almost every hole has intersected gold mineralization over such a wide area. We know there are high grades to be found, we have proven that, however, the drilling to date has been largely reconnaissance in scope therefore there is plenty of room to hide zones of high grade on the property. The recent recognition of a series of northwest-trending structures may be the key we have been looking for and these structures will be the focus of work this spring. Drilling plans will be put forth after those targets have been assessed and modelled.”

Stephen Stares, President and CEO of Benton stated: “The Golden Hope Project continues to deliver exceptional new discoveries and results. I’m extremely excited and encouraged that we have located more high-grade LCT-type pegmatites and I’m confident we will make more new discoveries as we continue with our aggressive exploration plans. The Grey River Project continues to demonstrate that it is host to a large gold system and targeting the higher grades will be key to unlocking its true value. The Alliance will continue to evaluate all data in hopes of vectoring in on the higher-grade controls and this summer’s work program will be aimed towards that goal.”

Analytical Techniques / QA/QC

Samples, including duplicates, blanks, and standards, were submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for gold analysis. All core samples submitted for assay were saw cut by Sokoman personnel with one-half submitted for assay and one-half retained for reference. Samples were 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 possible visible gold were submitted for total pulp metallics and gravimetric finish. All other samples were analyzed by standard fire assay methods. Total pulp metallic analysis includes: the whole sample is crushed to -10 mesh; 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.

QP

This news release has been reviewed and approved by Timothy Froude, P.Geo., President and CEO of Sokoman Minerals Corp., and Stephen House, P.Geo., VP Exploration of Benton Resources Inc. both, a “Qualified Person” under National Instrument 43-101.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. The company’s primary focus is its portfolio of gold projects: flagship, 100%-owned Moosehead, Crippleback Lake, and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in northwestern Newfoundland, which is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The company is also a 50/50 partner in a strategic alliance with Benton Resources Inc. through three large-scale joint venture properties including Grey River Gold, Golden Hope and Kepenkeck in Newfoundland. Sokoman now controls independently and through the Benton alliance over 150,000 hectares (>6,000 claims – 1,500 sq. km), making it one of the largest landholders in Newfoundland, Canada’s newest and rapidly-emerging gold districts. The company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on Alliance properties.

About Benton Resources Inc.

Benton Resources is a well-financed mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Following a project generation business model, Benton has a diversified, highly prospective property portfolio of gold, silver, nickel, copper, platinum group elements, and most recently, lithium and cesium assets. In addition, it currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains net smelter return (NSR) royalties with potential long-term cash flow.

Benton also is a 50/50 partner in a strategic alliance with Sokoman Minerals Corp. through three large-scale joint venture properties, including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland.

  

For further information, please contact:

CHF Capital Markets
Thomas Do, IR Manager
Phone: 416-868-1079 x 232
Email: 
thomas@chfir.com

Sokoman Minerals
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: 
tim@sokomanmineralscorp.com

Benton Resources
Stephen Stares, President & CEO
Phone: 807-475-7474
Email: 
sstares@bentonresources.ca

Website: www.sokomanmineralscorp.com ,  www.bentonresources.ca
Twitter: 
@SokomanMinerals , @BentonResources
Facebook: 
@SokomanMinerals , @BentonResourcesBEX
LinkedIn: 
@SokomanMinerals@BentonResources

 

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.”

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; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Alliance’s expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Alliance’s prospects, properties and business detailed elsewhere in the Alliance’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Alliance 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 Alliance’s expectations or projections.

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Sokoman Closes Non-Brokered Flow-Through Private Placement

ST. JOHN’S, NL / ACCESSWIRE / December 28, 2022 / Sokoman Minerals Corp. (“Sokoman” or the “Company”) (TSXV:SIC)(OTCQB:SICNF) today announces that it has closed its previously announced (December 8, 2022 and December 22, 2022) flow-through private placement (the “Private Placement”) for aggregate gross proceeds of $4,142,752.

On receipt of TSX Venture Exchange (the “Exchange”) approval, the Company will issue 14,795,544 flow-through shares units (“FT Units”) at a price of $0.28 for gross proceeds of $4,142,752. Each FT Unit consists of one (1) common share of the Company and one half (1/2) of one common share purchase warrant (the “FT Warrant”), with each full FT Warrant entitling the holder to purchase one non-flow-through common share of the Company at a price of $0.36 for a period of 18 months after the closing of the Private Placement. The FT Units will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).

All securities issued pursuant to this financing will be subject to a four-month plus one-day hold, expiring April 24, 2023.

In connection with the Private Placement, the Company is paying finders’ fees as permitted by the policies of the TSX Venture Exchange.

The net proceeds of the flow-through will be used for project exploration work on the Company’s properties that it controls that will qualify for Canadian Exploration Expenses under the Income Tax Act (Canada). The Company intends to spend approximately 25% of the gross proceeds on the Golden Hope (Kraken Lithium Pegmatite Field) joint venture project, and the remaining balance on its flagship Moosehead Gold project.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in the province of Newfoundland and Labrador, Canada. The Company’s primary focus is its portfolio of gold projects; the 100%-owned flagship, advanced-stage Moosehead, as well as Crippleback Lake; and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The Company also recently entered into a strategic alliance with Benton Resources Inc. through three, large-scale, joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland.

Sokoman now controls, independently and through the Benton alliance, over 150,000 hectares (>6,000 claims – 1500 sq. km), making it one of the largest landholders in Newfoundland, in Canada’s newest and rapidly-emerging gold districts. The Company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project which has Direct Shipping Ore (DSO) potential.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.

The Company would like to thank the Government of Newfoundland and Labrador for past financial support of the Moosehead Gold project through the Junior Exploration Assistance Program.

 

 

For further information, please contact:

Sokoman Minerals
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: 
tim@sokomanmineralscorp.com

CHF Capital Markets
Cathy Hume, VP Corporate Development, Director
Phone: 416-868-1079 x251
Email: 
cathy@chfir.com

CHF Capital Markets
Thomas Do, IR Manager
Phone: 416-868-1079 x 232
Email: 
thomas@chfir.com

Website: www.sokomanmineralscorp.com
Twitter: 
@SokomanMinerals
Facebook: 
@SokomanMinerals
LinkedIn: 
@SokomanMinerals

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept 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.

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Sokoman Announces Over-Subscription Of Non-Brokered Flow-Through Private Placement

ST. JOHN’S, NL / ACCESSWIRE / December 22, 2022 / Sokoman Minerals Corp. (“Sokoman” or the “Company”) (TSXV:SIC)(OTCQB:SICNF) today announces that, due to high demand, the Company is increasing the maximum amount for the flow-through private placement announced on December 8, 2022 (the “Private Placement”) from $3,000,000 to $4,142,752

On receipt of TSX Venture Exchange (the “Exchange”) approval, the Company will issue 14,795,544 flow-through shares units (“FT Units”) at a price of $0.28 for gross proceeds of $4,142,752. Each FT Unit consists of one (1) common share of the Company and one half (1/2) of one common share purchase warrant (the “FT Warrant”), with each full FT Warrant entitling the holder to purchase one non-flow-through common share of the Company at a price of $0.36 for a period of 18 months after the closing of the Private Placement. The FT Units will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).

All securities issued pursuant to this financing will be subject to a four-month plus one-day hold.

In connection with the Private Placement, the Company is paying finders’ fees as permitted by the policies of the TSX Venture Exchange.

The net proceeds of the flow-through will be used for project exploration work on the Company’s properties that it controls that will qualify for Canadian Exploration Expenses under the Income Tax Act (Canada). The Company intends to spend approximately 25% of the gross proceeds on the Golden Hope (Kraken Lithium Pegmatite Field) joint venture project, and the remaining balance on its flagship Moosehead Gold project.

Tim Froude, Sokoman’s President & CEO, commented: “We are very pleased to have received the overwhelming support and participation from new and existing shareholders alike.”

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in the province of Newfoundland and Labrador, Canada. The Company’s primary focus is its portfolio of gold projects; the 100%-owned flagship, advanced-stage Moosehead, as well as Crippleback Lake; and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The Company also recently entered into a strategic alliance with Benton Resources Inc. through three, large-scale, joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland.

Sokoman now controls, independently and through the Benton alliance, over 150,000 hectares (>6,000 claims – 1500 sq. km), making it one of the largest landholders in Newfoundland, in Canada’s newest and rapidly-emerging gold districts. The Company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project which has Direct Shipping Ore (DSO) potential.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.

The Company would like to thank the Government of Newfoundland and Labrador for past financial support of the Moosehead Gold project through the Junior Exploration Assistance Program.

For further information, please contact:

Sokoman Minerals
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: 
tim@sokomanmineralscorp.com

CHF Capital Markets
Cathy Hume, VP Corporate Development, Director
Phone: 416-868-1079 x251
Email: 
cathy@chfir.com

CHF Capital Markets
Thomas Do, IR Manager
Phone: 416-868-1079 x 232
Email: 
thomas@chfir.com

Website: www.sokomanmineralscorp.com
Twitter: 
@SokomanMinerals
Facebook: 
@SokomanMinerals
LinkedIn: 
@SokomanMinerals

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept 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.

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Sokoman Minerals Reports Final Till Sampling Results Fleur De Lys Project, North-Central Newfoundland

ST. JOHN’S, NL / ACCESSWIRE / December 21, 2022 / Sokoman MineralsCorp. (TSXV:SIC)(OTCQB:SICNF) (the “Company” or “Sokoman”) is pleased to provide the final results for all 1,260 C-Horizon tills taken on the Fleur de Lys project on the Baie Verte Peninsula, in north-central Newfoundland. The results confirm the potential of the Fleur de Lys Supergroup to host significant gold mineralization similar to deposits at advanced stages of development in both Northern Ireland and Scotland in the Dalradian Supergroup. The Fleur de Lys and the Dalradian Supergroups are believed to be equivalent sequences of metamorphic rocks spatially associated with major structural breaks.

The background level of gold grains in tills for the Fleur de Lys Project (the “Project”) has been determined to be 10 grains in a 10- to 12-kilogram sample of screened till. Ottawa-based Overburden Drilling Management (ODM), who is overseeing the Project, considers a sample to be anomalous if it contains two-times background or 20 gold grains. Results indicate that of the 1,260 samples, 328, or just over 25%, have at least 20 gold grains (to a maximum of 230 grains) and are considered anomalous. Fifty-five (55) samples contain at least 60 grains (six-times background) and a number with more than 50% pristine gold grains. Gold grains described as pristine are considered to be from a local bedrock source (less than 200 m transport).

In addition to the anomalous gold grains in tills, prospecting has also located anomalous gold in bedrock and float with 34 samples giving gold values >100 ppb Au (0.1 g/t Au), including 18 >500 ppb Au (0.5 g/t Au), and 10 >1000 ppb Au (>1.0 g/t Au) with a maximum of 4.6 g/t Au. The highest gold value was in outcrop in an area of strong gold-grain counts.

Tim Froude, President and CEO of Sokoman, commented: “We are extremely pleased with the success of the till program in outlining strongly-anomalous gold in tills overlying favourable rocks and structures that have given significant gold values in both float and bedrock. The property is ideally suited to cost-effective exploration with a supportive local population, operating mines, and support businesses. We are prioritizing the anomalies for continued follow-up prospecting, trenching, and or fast-tracking to the diamond drill stage. Planning will include a review of data by ODM with input from our field crews. A preliminary interpretation of the till results by ODM defines a target area of 30-km strike-length, within which better-defined anomalies are found.”

The Fleur de Lys Supergroup, which underlies the Project, are equivalent rocks to the Dalradian Supergroup in the UK, where three significant gold deposits, including the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland are found. Dalradian-type gold deposits occur in moderate- to high-grade metamorphic terranes and are typically high grade (the Curraghinalt deposit has >6 million ounces of NI 43-101 compliant gold resources including 6.3 million tonnes at 14.95 grams per tonne (Measured and Indicated) for 3.06 million ounces; and 7.72 million tonnes at 12.24 grams per tonne gold (Inferred) for 3.03 million ounces {2018 Mineral Resource Statement, Curraghinalt Gold Project, Northern Ireland, SRK Consulting (Canada)}.

About the Fleur de Lys Gold Project

The 100%-owned Fleur de Lys Gold Project is located on the west side of the Baie Verte Peninsula in north-central Newfoundland. The Project is highly prospective for Dalradian-style (e.g., Curraghinalt) orogenic vein-hosted gold deposits and as such, represents a readily accessible yet underexplored, district-scale, gold target in the Newfoundland Appalachians. The property has seen little modern exploration, with some areas remaining completely unexplored although historical grab sample values of 3.3 g/t Au to 25.5 g/t Au are reported from several locations (note: historical assays have not been verified by the Company and should not be relied upon).

QP

This news release has been reviewed and approved by Timothy Froude, P.Geo., a “Qualified Person” under National Instrument 43-101 and President and CEO of Sokoman Minerals Corp.

Till Sampling QA/QC

The till samples were collected by Sokoman personnel using field collection techniques provided by ODM. All samples were hand dug to the desired depth (C-Horizon Till) with a 10- to 12-kg sieved sample (8 mesh) placed in a clear plastic sample bag and sealed. Samples were shipped in plastic pails by bonded courier to the ODM lab in Ottawa, Ontario. The till samples are processed using procedures designed to progressively concentrate the heavy minerals, expose the gold grains and prepare a split of the heavy mineral concentrate (“HMC”) suitable for geochemical analysis if requested. The sample is wet screened at 2 mm with a preliminary concentrate extracted from the -2 mm fraction by tabling. Geological observations on the character of the sample are made during both the screening and tabling operations. The table concentrate is purposely large (typically 300-400 g) and of low grade (10%-25% heavy minerals) in order to achieve a high, 80% to 90% recovery rate for all desired heavy minerals irrespective of their grain size or relative specific gravity. The gold grains, more than 95% of which are normally silt-sized (Averill 2001), are observed at this stage with the aid of micro-panning and are counted, measured and classified as to degree of wear (ie distance of glacial transport), then returned to the table concentrate. The pyrite content of the pan concentrate is estimated and the number of grains of heavier, visually distinctive indicator minerals such as arsenopyrite, galena, scheelite, cinnabar, etc. is recorded.

Quality Control and Quality Assurance Measures

In addition to using field duplicates to monitor the quality of the indicator mineral data obtained from specific projects, ODM performs blind tests to ensure that the recovery rates for all targeted minerals are consistently in the 80% to 90% range. Furthermore, both the quality of the mineral separation and the overall mineralogy of the concentrate are visible at every stage of the concentration process, minimizing the potential for sample mix-ups, indicator mineral carryover between samples, and other potential contamination issues. For example, gold grains, which are the most important indicator mineral on many surveys, are more susceptible to inter-sample carryover than any other indicator mineral due to their very small size, but these grains are physically observed during the first stage of mineral concentration, tabling, and, if anomalous concentrations are present, blank samples are tabled and carefully inspected for gold grains before the next project sample is processed.

Rock Sample Analysis

Rock sample analysis (gold by fire assay) completed at Eastern Analytical Ltd., in Springdale NL. Samples were delivered in sealed bags directly to the lab by Sokoman Minerals personnel. Eastern Analytical is an accredited assay lab that conforms to requirements of ISO/IEC 17025. Eastern routinely inserts industry accepted standards and blanks in all sample runs performed as well as completing random duplicate analysis.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in the province of Newfoundland and Labrador, Canada. The Company’s primary focus is its portfolio of gold projects; the 100% flagship, advanced-stage Moosehead, as well as Crippleback Lake; and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project near Baie Verte in north-central Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The Company also entered into a strategic alliance with Benton Resources Inc. through three, large-scale, joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland.

Sokoman now controls, independently and through the Benton alliance, over 150,000 hectares (>6,000 claims – 1500 sq. km), making it one of the largest landholders in Newfoundland, in Canada’s newest and rapidly-emerging gold districts. The Company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project which has Direct Shipping Ore (DSO) potential.

Mineralization hosted on adjacent and/or nearby and/or referenced properties is not necessarily indicative of mineralization hosted on the Company’s property.

The Company would like to thank the Government of Newfoundland and Labrador for financial support of the Fleur de Lys Project through the Junior Exploration Assistance Program.

 

For further information, please contact:

Sokoman Minerals
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: 
tim@sokomanmineralscorp.com

CHF Capital Markets
Cathy Hume, VP Corporate Development, Director
Phone: 416-868-1079 x251
Email: 
cathy@chfir.com

CHF Capital Markets
Thomas Do, IR Manager
Phone: 416-868-1079 x 232
Email: 
thomas@chfir.com

Website: www.sokomanmineralscorp.com
Twitter: 
@SokomanMinerals
Facebook: 
@SokomanMinerals
LinkedIn: 
@SokomanMinerals

 

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. 

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Sokoman Provides Drilling Update – Moosehead Gold Project, Central Newfoundland

MH-22-505 Completed to 559 m Depth; Top of 463 Zone Intersected; Assays Pending

St. John’s, NL, December 15, 2022 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (“Sokoman” or the “Company”) is pleased to provide an update on the structural analysis of hole MH-22-463 as well as an update on diamond drilling in the immediate area. MH-22-463 (see press release September 6, 2022) intersected a 39.60 m intercept (core length) of 12.50 g/t Au (from 295.30 m downhole) including a higher-grade interval of 10.25 m grading 41.97 g/t Au (from 312.35 m downhole) from what is now termed the “463 Zone”.

MH-22-505 was collared on the western shore of North Pond to provide the proper angle to test the geometry of the 463 Zone as it was designed to intersect the mid-point of the 463 Zone at depths from 390 m to 410 m. The hole flattened slightly and cut through the top portion of the inferred location of the 463 Zone and intersected three (< 1 m-wide) visible gold (VG) bearing veins, with characteristics similar to veins intersected in MH-22-463, at depths between 393 m and 414 m downhole. The upper part of the hole was projected to cut through a portion of the main Eastern Trend Fault system and significant quartz veining was intersected from 189 m to 194 m and 199 m to 210 m with VG specks noted in both intervals. Other veining with one (1) speck of VG was intersected in a breccia zone from 275 m to 277 m. The mineralized breccia occurs in a similar orientation to the breccia in the 463 Zone and is interpreted to represent another splay or offset in the footwall of the Eastern Trend.

The deepest mineralized zone with 1%-5% stringer/disseminated pyrite +/- arsenopyrite associated with massive (1 m) quartz veins and irregular narrow veins and stringers was intersected from 480 m to 520 m. Significant quartz veining (10%-30%) noted in other parts of the hole will also be assayed. Final assay results are not expected before the end of the year.

463 Zone

The 463 Zone is a significant departure in vein style/geometry from one suggested by earlier drill intersections in the vicinity. The “463” intercept is thicker than any other to date and includes the “typical” high-grade vuggy-type veins with abundant VG with 5%-7% accessory boulangerite and sphalerite, as well as brecciated veining with occasional specks of VG with minor boulangerite and sphalerite. The Company re-engaged Ireland-based structural geology consultant, Dr. David Coller, to review/update existing structural models for the Moosehead mineralization. Dr. Coller’s preliminary conclusions are that the 463 Zone is the hinge zone of a folded footwall splay vein off the lower Eastern Trend with the geometry inferred to be a flat structure with a north-south trend.

Tim Froude, President, and CEO of Sokoman says: “Drill hole MH-22-505 is the first of a series of holes planned to test the 463 Zone. The hole flattened a few degrees more than expected and cut through the upper portion of the 463 Zone with the units and veining intersected, comparing well with hole 463. The next hole will be drilled at a steeper angle to target the middle of the 463 Zone approximately 15 m – 20 m deeper than hole 505.

It is encouraging to see the gold mineralization continuing to depths beyond our previous drilling and confirms the Eastern Trend area is a good hunting ground for additional high-grade mineralization. Drilling will pause for the holiday break with a planned startup in mid – January 2023. Approximately 20,000 m remain in Phase 6 but the program will continue beyond that figure and for the foreseeable future.”

The Moosehead Project has five open-ended zones of gold mineralization focused around the Eastern Trend in the central portion of the property with mineralization defined over a 600-m strike length and over 370 m down dip. The Company is well funded with more than $7 million in the treasury.

QP

This news release has been reviewed and approved by Timothy Froude, P.Geo., 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, were submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for gold analysis. All core samples submitted for assay were saw cut by Sokoman personnel with one-half submitted for assay and one-half retained for reference. Samples were 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 were submitted for total pulp metallics and gravimetric finish. All other samples were analyzed by standard fire assay methods. Total pulp metallic analysis includes: the whole sample is crushed to -10 mesh; 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 with projects in the province of Newfoundland and Labrador, Canada. The Company’s primary focus is its portfolio of gold projects; the 100% flagship, advanced-stage Moosehead, as well as the Crippleback Lake; and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project Near Baie Verte in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The Company also recently entered into a strategic alliance with Benton Resources Inc. through three, large-scale, joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland. Sokoman now controls, independently and through the Benton alliance, over 150,000 hectares (>6,000 claims – 1500 sq. km), making it one of the largest landholders in Newfoundland, in Canada’s newest and rapidly-emerging gold districts. The Company also retains a 1% Net Smelter Return (NSR) interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to Thunder Gold Corp (formerly White Metal Resources Inc.), and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project which has Direct Shipping Ore (DSO) potential.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.

The Company would like to thank the Government of Newfoundland and Labrador for past financial support of the Moosehead Project through the Junior Exploration Assistance Program.

For further information, please contact:

Sokoman Minerals
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: 
tim@sokomanmineralscorp.com

CHF Capital Markets
Cathy Hume, VP Corporate Development, Director
Phone: 416-868-1079 x251
Email: 
cathy@chfir.com

CHF Capital Markets
Thomas Do, IR Manager
Phone: 416-868-1079 x 232
Email: 
thomas@chfir.com

Website: www.sokomanmineralscorp.com
Twitter: 
@SokomanMinerals
Facebook: 
@SokomanMinerals
LinkedIn: 
@SokomanMinerals

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept 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.

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Sokoman Announces Non-Brokered Flow-Through Private Placement For Gross Proceeds Of Up To $3m

ST. JOHN’S, NL / ACCESSWIRE / December 8, 2022 / Sokoman Minerals Corp.(TSXV:SIC)(OTCQB:SICNF) (“Sokoman” or the “Company”) today announced the non-brokered private placement of flow-through (“FT”) units (the “Private Placement”) for gross proceeds of up to $3,000,000. The Private Placement is expected to close on or before December 28, 2022.

The Private Placement is priced at $0.28 per FT Unit. Each FT Unit consists of one common share of the Company and one-half of one common share purchase warrant (a “Warrant”), each full Warrant being exercisable for one additional common share of the Company, each of which will not qualify as a flow-through share, at an exercise price of $0.36 for 18 months from the date of issue. The FT Units will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the Income Tax Act (Canada).

All securities issued pursuant to the Private Placement will be subject to a four-month and one-day hold period.

In connection with the Private Placement, the Company may pay finders’ fees in cash as permitted by the policies of the TSX Venture Exchange. The Private Placement is subject to approval by the TSX Venture Exchange.

The Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT Units, pursuant to the provisions in the Income Tax Act (Canada), to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as both terms are defined in the Income Tax Act (Canada) (the “Qualifying Expenditures”) on or before December 31, 2023, and to renounce all of the Qualifying Expenditures in favour of the subscribers of the FT Units effective December 31, 2022.

The Company intends to spend approximately 25% of the gross proceeds on the Golden Hope (Kraken Lithium Pegmatite Field) joint venture project, and the remaining balance on its flagship Moosehead Gold project.

The Company is well-funded to cover corporate and working capital needs for 2023 with $4.7M in the treasury.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. The company’s primary focus is its portfolio of gold projects: flagship, 100%-owned Moosehead and Crippleback Lake Projects, and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The Company has also entered into a strategic alliance (the Alliance) with Benton Resources Inc. through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck on the Island of Newfoundland. Sokoman now controls independently and through the Alliance over 150,000 hectares (>6,000 claims – 1,500 sq km), making it one of the largest landholders in Newfoundland, Canada’s newest and rapidly-emerging gold district. Sokoman also retains a 1% Net Smelter Return (NSR) royalty in an early-stage antimony/gold project (Startrek) in Newfoundland, and in Labrador, the company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.

The Company would like to thank the government of Newfoundland and Labrador for past financial support of the Moosehead Project through the Junior Exploration Assistance Program.

 

For further information, please contact:

Sokoman Minerals
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: 
tim@sokomanmineralscorp.com

CHF Capital Markets
Thomas Do, IR Manager
Phone: 416-868-1079 x 232
Email: 
thomas@chfir.com

Website: www.sokomanmineralscorp.com
Twitter: 
@SokomanMinerals
Facebook: 
@SokomanMinerals
LinkedIn: 
@SokomanMinerals

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept 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. 

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Sokoman And Benton Channel Samples Up To 13.57% Cs2o And Confirm High-Grade Cesium Discovery At The Golden Hope Joint Venture, Southwestern Newfoundland

Channel sampling at the Hydra Zone returns up to 13.57% Cs2O

St. John’s, NL – December 1, 2022 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (“Sokoman”) and Benton Resources Inc. (TSXV: BEX) (“Benton”) together, (the “Alliance”) are pleased to announce that recent channel sampling at the cesium dyke prospect has confirmed a potentially significant high-grade cesium discovery dubbed the Hydra Zone, on the Golden Hope Project in southwestern Newfoundland.

Results (rush service) from saw-cut channel samples ranging from 0.4 m to 0.7 m long, and two bulk grab samples, confirm that the outcropping pegmatite dyke is strongly enriched in several critical minerals. Samples 758224, 758225, and 758226 (see table below) are consecutive 0.4 m-long channel cuts that averaged 8.75% Cs2O, 0.41% Li2O (lithium oxide), 0.025% Ta2O5 (tantalum oxide), and 0.33% Rb2O (rubidium oxide) over a combined total of 1.2 m. An additional 17 saw-cut samples are still pending which were sent to SGS laboratories in Grand Falls-Windsor, Newfoundland. The sampling reported today was completed over a 20 m-long section of the pegmatite dyke in the same area as the previously reported (November 17, 2022 news release) grab sampling that returned up to 1.56% Cs2O. This is the first high-grade cesium mineralization recorded on the Island of Newfoundland.

The cesium-rich dyke is approximately 5 m – 6 m wide and has been traced for approximately 100 m along strike to where it disappears under overburden in both directions. The dyke is located approximately 12 km east northeast of the initial Kraken Pegmatite discovery. It is distinctly different from the main Kraken Pegmatite dykes as it contains very coarse, as well as fine-grained phases. A suite of samples is currently being worked on at Vancouver Petrographics to identify the full suite of minerals in the dyke with a report due in 4-6 weeks.

The onset of winter has hampered the Alliance’s efforts to follow up on these results and it hopes to get a weather window in the coming weeks to complete mapping, detailed sampling, and regional soil sampling.

About Cesium

Cesium is rare globally. The United States and Canada have included cesium, lithium, and tantalum (among others) in their lists of Critical Minerals / Elements since each of them has been identified as being essential to the economy and national security.

Here are some facts and figures about cesium:

  • Currently only produced at one locality, the Tanco Mine in Manitoba (Sinomine Resources Group)

  • Very dense metal and its primary use is in deep drilling applications in the oil and gas sector

  • Many industrial as well as medical uses including:

    • Cesium hydroxide/carbonate is used in petrochemical catalysts; cesium iodide is used in fluoroscopy equipment; as the input phosphor of x-ray imaging equipment; cesium bromide is used in infrared detectors, optics, photoelectric cells, scintillation counters, and spectrophotometers

    • Important component of atomic clocks which are the most accurate time and frequency monitors which play a vital role in aircraft guidance systems, global positioning satellites and internet and cellular telephone transmissions

  • Global market for cesium forecast to double in the next five years

  • Global leader in terms of production, market share, revenue, etc. is China’s Sinomine Resource Group; Albermarle Corp of the USA is second

  • Forecast prices (2023) for cesium salt (the most common product produced from cesium ore) is USD$188/kg and USD$291/kg for pure cesium metal

The Alliance also announced yesterday that Phase 3 drilling has started at the Kraken Lithium Prospect, 12 km to the southwest and that the initial three drill holes have made a new discovery of spodumene-rich dykes. (November 30, 2022 news release). Approximately 20 holes are planned.

The Alliance is extremely pleased with the continued success on the Golden Hope Project and the new discovery of cesium along with lithium, tantalum, and rubidium 12 km from the original Kraken Pegmatite discovery. Given the results to date, the Alliance is confident that ongoing prospecting and soil geochemistry surveys will make more discoveries along the 100% owned, 60 km-long, structural trend hosting the Kraken and cesium-rich dykes.

Timothy Froude, P.Geo., President and CEO of Sokoman stated: “The cesium results reported today are quite impressive and once again demonstrate the potential of the Golden Hope JV to host potentially significant deposits of several critical metals (Lithium-Cesium-Tantalum). Grades of this magnitude are rare. The results include a 1.2 m channel located near the southern margin of the exposed dyke dominated by a coarser-grained phase and where overburden prevented further sampling at the time. The lowest values reported today are from a finer-grained section of the dyke so we have already learned quite a bit about the nature of the mineralization in the dyke. Once able, we intend to clean off as much of the dyke as we can, and the terrain should allow for sufficient stripping to occur. The samples still pending include a mixture of coarse-grained, and fine-grained phases and those results will further our understanding of the zone. Winter has arrived, so we have to wait for a weather window to get back onsite. We are learning as much as possible as quickly as possible about the critical metals markets and we recently received a paid-for, in-depth report on the cesium market and have incorporated some of those details into today’s news. We are also now applying for drilling permits for this area and those should be in hand by Q1, 2023.”

“We are also pleased to resume drilling in the main Kraken Pegmatite field, in particular to the west of the discovery area where no drilling has taken place to date and where strong soil geochemistry, as well as multiple >1% Li2O samples, were collected. In the meantime, soil sampling along the 60 km trend controlled by the Alliance will continue until the closure of the camp for the holiday break.”

Stephen Stares, President and CEO of Benton stated: “This new high-grade cesium zone compliments the Kraken Lithium zone very well and the results compare to most deposits known worldwide. Although it’s very early days for this exciting new discovery, it’s a continued testament to the promising strategic metal endowment within the large project. I’m confident we will make more discoveries as we continue with our aggressive exploration plans in this new LCT-type pegmatite belt.”

QP

This news release has been reviewed and approved by Timothy Froude, P.Geo., President and CEO of Sokoman Minerals Corp., and Stephen House, P.Geo., VP Exploration of Benton Resources Inc., both a “Qualified Person” under National Instrument 43-101.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Golden Hope property. Samples were submitted to SGS Canada Inc. in Grand Falls-Windsor, Newfoundland for prep and then sent to SGS Canada Inc. analytical laboratory in Burnaby, British Colombia. All samples submitted for assay were taken or saw-cut by Benton personnel and submitted for assay. Samples were delivered in sealed bags directly to the Grand Falls-Windsor prep lab by Benton personnel or contractor. SGS Canada Inc. (SGS) is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples are analyzed using SGS’s GS_IMS91A50 method that delivers a 56-element package utilizing sodium peroxide fusion, ICP-AES, and ICP-MS analytical techniques. All reported assays are uncut.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. The company’s primary focus is its portfolio of gold projects: flagship, 100%-owned Moosehead, Crippleback Lake, and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in northwestern Newfoundland, which is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The company is also a 50/50 partner in a strategic alliance with Benton Resources Inc. through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland. Sokoman now controls independently and through the Benton alliance over 150,000 hectares (>6,000 claims – 1,500 sq. km), making it one of the largest landholders in Newfoundland, Canada’s newest and rapidly-emerging gold districts. The company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.

About Benton Resources Inc.

Benton Resources Inc. is a well-funded mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Following a project generation business model, Benton has a diversified, highly-prospective property portfolio of Gold, Silver, Nickel, Copper, Platinum Group Elements and most-recently Lithium and Cesium assets. In addition, it currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains Net Smelter Return (NSR) royalties with potential long-term cash flow.

Benton also is a 50/50 partner in a strategic alliance with Sokoman Minerals Corp. (TSXV:SIC) through three large-scale joint venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland.

For further information, please contact:

CHF Capital Markets
Thomas Do, IR Manager
Phone: 416-868-1079 x 232
Email: 
thomas@chfir.com

Sokoman Minerals
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: 
tim@sokomanmineralscorp.com

Benton Resources
Stephen Stares, President & CEO
Phone: 807-475-7474
Email: 
sstares@bentonresources.ca

Website: www.sokomanmineralscorp.com ,  www.bentonresources.ca
Twitter: 
@SokomanMinerals , @BentonResources
Facebook: 
@SokomanMinerals , @BentonResourcesBEX
LinkedIn: 
@SokomanMinerals@BentonResources

 

 

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.”

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; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Alliance’s expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Alliance’s prospects, properties and business detailed elsewhere in the Alliances’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Alliance 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 Alliance’s expectations or projections.

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Press Release, 2022 daniyal khsolutionz Press Release, 2022 daniyal khsolutionz

Sokoman Minerals And Benton Resources Report Kraken Lithium Prospect Phase 3 Drilling Program Underway; First Three Holes Cut Spodumene-Rich Dykes Up To 14 M Thick

St. John’s, NL, November 30, 2022 – Sokoman Minerals Corp. (TSXV:SIC) (OTCQB:SICNF) (“Sokoman”) and Benton Resources Inc. (TSXV:BEX) (“Benton”), together (the “Alliance”) are happy to report the commencement of the third phase of drilling at the Kraken Lithium Prospect. The Alliance is also extremely pleased to announce a new discovery, the Killick Zone, where surface grab samples graded up to 1.12% Li2O, located 200 m south of the East Dyke Zone (see press release October 18, 2022).

Currently, the Alliance has completed three holes GH-22-25, GH-22-26, and GH-22-27 on the new discovery, intersecting multiple, near-surface, spodumene-bearing dykes. Hole GH-22-25 cut eight pegmatite dykes ranging from 0.8 m to 11.2 m thick (drilled thickness, true thickness uncertain at this time), including an 8.8 m interval with visible spodumene in the 11.2 m dyke. Hole GH-22-26, drilled 35 m behind GH-22-25, also cut multiple spodumene-bearing dykes with drilled thicknesses ranging from 0.8 m to 10.5 m. The 10.5 m-thick dyke carried visible spodumene over its entire width. Hole GH-22-27 was drilled 30 m north of holes 25 and 26 along strike and cut two pegmatite dyke zones of 14.2 m and 2.95 m thick. Visual spodumene is present over 12.83 m of the 14.2 m interval and the entire length of the 2.95 m interval.

The planned drill program will consist of a minimum of 2,000 m targeting the new Killick Zone, and well as the main Kraken Discovery Dyke area located 0.6 km to 1.2 km to the west of the Killick and East Dyke area. The current drill program is expected to continue until the start of the holiday break in mid-December. The core has been logged and is currently being prioritized to facilitate faster sampling of the mineralized sections. The Alliance continues to be impressed with the rate of discovery in this new lithium district and looks forward to the future exploration success of this exciting lithium project located in the mining-friendly province of Newfoundland and Labrador.

Kraken Project Highlights:

  • First significant lithium discovery on the Island of Newfoundland in July 2021; select grab samples returned values from trace up to 2.37% Li2O over a 2.2 km strike length, the discovery remains open with the Alliance controlling an additional 60 km of potential strike extensions. A reconnaissance drill campaign in early 2022 intersected 0.94% Li2O over 8.40 m on the Kraken Discovery Dyke.

  • Second drill campaign in summer 2022 (3,073 m / 18 holes) focused on the East Dyke area 600 m to the east of the Kraken Discovery Dyke, intercepted multiple stacked dykes including 0.60% Li2O over 20.82 m (46.00 m to 66.82 m), including 1.16% Li2O over 5.50 m, including 1.43% Li2O over 2.68 m.

  • Discovery of the new high-grade Cesium Zone 12 km to the east northeast of Kraken with grab samples assaying up to 1.56% Cs2O (cesium oxide), 0.4% Li2O (lithium oxide), 0.022% Ta2O5 (tantalum oxide), and 0.30% Rb2O (rubidium oxide), released November 17, 2022.

  • Third phase drill program currently underway with the first three holes intersecting visual spodumene over significant thicknesses up to 11.2 m in the new Killick Zone 200 m south of East Dyke.

  • The third phase drilling will also target a 600 m to 700 m strike extension immediately west of the Kraken Discovery Dyke which has multiple untested surface samples and dyke occurrences grading in excess of 1% Li2O, as well as strong soil geochemistry.

  • Lithium soil geochemistry over areas of spodumene-bearing dykes outlines the mineralization. Subsequent soil sampling along trend and to the north of the known zones has identified multiple strong lithium-in-soil anomalies, now prioritized for prospecting. Given its effectiveness, the Alliance has launched an extensive and systematic lithium soil survey at Golden Hope.

  • The Alliance believes the extensive (~800 sq km) Golden Hope project has excellent potential for additional discoveries. Exploration is still in its infancy and the Alliance has control over a district-scale lithium play similar in scale to the large systems in the Appalachians, including the important deposits held by Piedmont Lithium Inc. in the Carolinas, USA, as well as the Avalonia Project of International Lithium in a joint venture with GFL International Co. Ltd., a subsidiary of Ganfeng Lithium Co. Ltd. in the Caledonides of Ireland. Golden Hope lies along the prolific Appalachian-Caledonian Lithium Belt extending from the UK to the Eastern US.

Sokoman’s President and CEO Tim Froude, comments: “We have stated in the past that the true size of the lithium-rich system on the Golden Hope Property is still unknown, today’s announcement further emphasizes that fact. The Killick Zone discovery is yet another example of just how well mineralized this corridor is, and with several rock and soil anomalies as yet untested, we feel numerous more discoveries are yet to be made. At this time, it is not possible to determine if the dykes at the Killick Zone are the western extension of the East Dyke, or if they represent a new, subparallel trend. Drilling to test the western extension of the Kraken Discovery Dyke will focus on the 2 km long lithium-in-soil anomaly, as well as numerous outcrops and float of spodumene mineralization that are known.”

Benton’s President and CEO Stephen Stares, states: “This project continues to surprise us with more lithium-rich pegmatites, and I have no doubt we are onto a very important discovery of much-needed strategic metals on the Island of Newfoundland. We continue to show the robust extent of these highly-evolved pegmatite fields from multiple zones of high-grade Lithium at the Kraken, to the discovery of high-grade Cesium 12 km to the East. We are very pleased with our continued success and look forward to receiving assay results from our ongoing exploration efforts.”

QP

This news release has been reviewed and approved by Timothy Froude, P.Geo., President and CEO of Sokoman Minerals Corp., and a Director of Benton Resources Inc. Mr. Froude is a ‘Qualified Person’ under National Instrument 43-101.

Analytical Techniques / QA/QC

Samples, including duplicates, blanks, and standards, were submitted to SGS Canada Inc. in Grand Falls-Windsor, Newfoundland for prep and then sent to SGS Canada Inc. analytical laboratory in Burnaby, British Colombia. All core samples submitted for assay were saw cut by Benton personnel with one-half submitted for assay and one-half retained for reference. Samples were delivered in sealed bags directly to the Grand Falls-Windsor prep lab by Benton personnel or contractor. SGS Canada Inc. (“SGS”) is an accredited assay lab that conforms to the requirements of ISO/IEC 17025. Samples are analyzed using SGS’s GS_IMS91A50 method that delivers a 56-element package utilizing sodium peroxide fusion, ICP-AES, and ICP-MS analytical techniques. 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 SGS Canada Inc. All reported assays are uncut.

All soil samples were analyzed for lithium at Eastern Analytical in Springdale, NL. Lithium package includes Lithium, Lithium Oxide, Tantalum, Niobium, and Tin. One (1) gram of sample is digested to dryness in three acids (Nitric, Perchloric, and Hydrofluoric). After which HCl is added and brought to a boil on a hotplate. It is then topped to volume (200 ml) with distilled water and read on the ICP-OES.

About Sokoman Minerals Corp.

Sokoman Minerals Corp. is a discovery-oriented company with projects in Newfoundland and Labrador, Canada. The company’s primary focus is its portfolio of gold projects: flagship, 100%-owned Moosehead and Crippleback Lake Projects, and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland. The company has also entered into a strategic alliance (the Alliance) with Benton Resources Inc. through three large-scale joint-venture properties including Grey River Gold, Golden Hope, and Kepenkeck on the Island of Newfoundland. Sokoman now controls independently and through the Alliance over 150,000 hectares (>6,000 claims – 1,500 sq km), making it one of the largest landholders in Newfoundland, Canada’s newest and rapidly-emerging gold district. Sokoman also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the company has a 100% interest in the Iron Horse (Fe) project that has Direct Shipping Ore (DSO) potential.

About Benton Resources Inc.

Benton Resources Inc. is a well-funded mineral exploration company listed on the TSX Venture Exchange under the symbol BEX. Following a project generation business model, Benton has a diversified, highly-prospective property portfolio of Gold, Silver, Nickel, Copper, Platinum Group Elements, and most-recently Lithium and Cesium assets. In addition, it currently holds large equity positions in other mining companies that are advancing high-quality assets. Whenever possible, BEX retains Net Smelter Return (NSR) royalties with potential long-term cash flow.

Benton also is a 50/50 partner in a strategic alliance with Sokoman Minerals Corp. (TSXV: SIC) through three large-scale joint venture properties including Grey River Gold, Golden Hope, and Kepenkeck in Newfoundland.

 

 

For further information, please contact:

CHF Capital Markets
Thomas Do, IR Manager
Phone: 416-868-1079 x 232
Email: 
thomas@chfir.com

Sokoman Minerals
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: 
tim@sokomanmineralscorp.com

Benton Resources
Stephen Stares, President & CEO
Phone: 807-475-7474
Email: 
sstares@bentonresources.ca

Website: www.sokomanmineralscorp.com ,  www.bentonresources.ca
Twitter: 
@SokomanMinerals , @BentonResources
Facebook: 
@SokomanMinerals , @BentonResourcesBEX
LinkedIn: 
@SokomanMinerals@BentonResources

 

 

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

The information contained herein contains “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be “forward-looking statements.”

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; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Alliance’s expectations; risks related to gold price and other commodity price fluctuations; and other risks and uncertainties related to the Alliance’s prospects, properties and business detailed elsewhere in the Alliance’s disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Alliance 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 Alliance’s expectations or projections.

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Press Release, 2022 daniyal khsolutionz Press Release, 2022 daniyal khsolutionz

Sokoman Reports Additional Eastern Trend Mineralization And Provides Update On Mh-22-463; Moosehead Gold Project, Central Newfoundland

Structural update suggests MH-22-463 is opening up a new structural orientation at the lower levels of the currently defined Moosehead gold system

St. John’s, NL, November 24, 2022 – Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) is pleased to report the following assay results from the ongoing 100,000 m Phase 6 program at Moosehead, as well as update on exploration in the vicinity of MH-22-463 which returned a 39.6 m intercept (core length) grading 12.50 g/t Au, including a higher-grade interval of 10.25 m grading 41.97 g/t Au from the Lower Eastern Trend. The mineralized zone in MH-22-463 is located approximately 100 m below the currently modeled mineralized shell for the Eastern Trend. Also released are 14 holes drilled along the northern perimeter of the Western Trend where geophysics (magnetics and historical IP) indicated the potential to expand the zone in that direction.

Drilling highlights from the Eastern Trend include:

MH-22-489: three zones of mineralization were intersected; from 106.35 m to 108.10 m (1.75 m @ 2.69 g/t Au); and, from 210.40 m to 212.22 m (1.82 m @ 3.78 g/t Au); and, from 244.19 m to 245.20 m (1.01 m @ 56.67 g/t Au)

MH-22-485: two zones of mineralization were intersected; from 203.00 m to 209.45 m (6.45 m @ 4.01 g/t Au); and, from 227.45 m to 232.95 m (5.50 m @ 1.27 g/t Au)

Other holes reported today (full assay summary appended) confirm the continuation of the Eastern Trend to the north and down dip and drilling will continue in those directions. The drilling includes holes designed to extend the Eastern Trend to depth, as well as testing areas inferred to be within the Eastern Trend but where previously drilled holes are too widely spaced to confirm. The onset of freezing temperatures has forced an end to the barge-based program for 2022 but will resume in 2023. While the main focus of the barge program was the Eastern Trend and splays linked to it, it now appears that the recent intersection in MH-22-463 may be partially tested by holes drilled from the barge. Meanwhile, drilling to test the MH-22-463 area will commence next week with holes being collared from the western side of North Pond. Drilling at Moosehead will continue with two drills until the holiday break period which starts December 15, 2022.

MH-22-463

Drill hole MH-22-463 reported (see September 6, 2022 news release) one of the best intersections on the Moosehead Property to date, returning 39.60 m of 12.50 g/t Au including a 10.25 m section averaging 41.97 g/t Au. This represents the deepest, high-grade intersection to date at approximately 370 m down dip (300 m vertically). The Company has been reviewing all available information from the immediate area including televiewer data from the hole, combined with a visit from structural consultant, Dr. David Coller, who spent five days at Moosehead reviewing the core. Following his rigorous assessment of core and 3D modeling, Dr. Coller corroborates that the intersection in MH-22-463 represents a new and previously unrecognized gold occurrence in the footwall to the Eastern Trend. The intersection in MH-22-463 is complex with the borehole intersecting at an oblique angle and crossing several gold-bearing intact veins and extensive mineralized vein breccia intervals. The interpreted westerly dip of this deeper level zone is new and opposite to the gold structures established at higher level and is interpreted as either a high-grade linking structure or fold core-controlled breccia-vein zone.

Borehole MH-22-418, located 80 m to the northwest and also in the footwall of the Eastern Trend, intersected similar intact veins and vein breccia as MH-22-463, grading 4.14 g/t Au over 5.92 m from 388.84 m downhole including 1.31 m of 15.60 g/t Au. One scenario links these intersections with a shallow rake within a northwest-dipping plane that is best tested by drilling towards it from the west shore of North Pond. A second possible scenario (based on the current televiewer data) is for these similar high-grade intersections to be two of a series of new NE trending NW dipping zones link zones. New televiewer data being acquired is aimed at improving the estimation of the strike trend to plan and optimize the drill test of the extent and continuity of this high-grade occurrence. True thickness and extent of the mineralization in MH-22-463 will require multiple drill holes from potentially different orientations. Up to this point, the Company has been targeting east-dipping structures like the Eastern Trend. This opens up a new structural orientation at the lower levels of the gold system that have not been targeted except for the early drilling in 2018/2019. These holes will also be completed using HQ-size core to provide a larger diameter hole for better televiewer accessibility and maximize sample size should visible gold be intersected.

Western Trend

A total of 14 holes were drilled around the northern limits of currently defined Western Trend. While intersecting favourable structures, most holes returned low values (see table), however, the structures remain open to the north where till and soil Geochem anomalies remain unexplained. The Western Trend is also open along strike to the south and down dip. The area will be reassessed over the holiday break for additional testing in 2023. The Western Trend, like all of the mineralized zones at Moosehead, hosts near-surface, high-grade gold such as previously reported in hole MH-18-08 that cut two zones, including; 1.05 m @ 207.5 g/t Au from 8.5 m downhole, and 2.28 m @ 42.36 g/t Au from 33.07 m downhole.

Tim Froude, President and CEO of Sokoman, says: “We will soon be testing the area surrounding the intersection reported in hole MH-22-463. Dr. Coller’s visit was timely and critical, and we now have the start of a new model that we feel strongly will deliver additional intersections. Drilling will commence next week once drill crews return from break and we hope to have news before the holiday break in mid-December. The number of holes to be placed into the 463 area will be determined by the results we get as we drill them.

The barge-based program was not finished before year-end due to an earlier-than-expected freeze-up, therefore the program will be continued as early as possible in 2023. We have also just received a new magnetic interpretation for the project and combined with the deep seeking Alpha IP survey which will also commence next week, will ensure we have the best, and most up-to-date package of data to work with moving forward. To date, we have completed 77,500 m in Phase 6 with approximately 1,050 samples outstanding at the lab representing all or parts of about 15 holes.”

Drilling on the Moosehead Project to date has discovered five zones of gold mineralization, most containing visible gold, focused mainly on the Eastern Trend in the central portion of the property. Gold mineralization has been defined over a 600-m strike length and to 370-m down dip. The Company is well funded with more than $4.5 million in the treasury.

QP

This news release has been reviewed and approved by Timothy Froude, P.Geo., 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, were submitted to Eastern Analytical Ltd. in Springdale, Newfoundland for gold analysis. All core samples submitted for assay were saw cut by Sokoman personnel with one-half submitted for assay and one-half retained for reference. Samples were 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 possible visible gold were submitted for total pulp metallics and gravimetric finish. All other samples were analyzed by standard fire assay methods. Total pulp metallic analysis includes: the whole sample is crushed to -10 mesh; 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 with projects in the province of Newfoundland and Labrador, Canada. The Company’s primary focus is its portfolio of gold projects; flagship, advanced-stage Moosehead, Crippleback Lake (optioned to Trans Canada Gold Corp.) and East Alder (optioned to Canterra Minerals Corporation) along the Central Newfoundland Gold Belt, and the district-scale Fleur de Lys project in northwestern Newfoundland, that is targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The Company also entered into a strategic alliance with Benton Resources Inc. through three, large-scale, joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland.

Sokoman now controls, independently and through the Benton alliance, over 150,000 hectares (>6,000 claims – 1500 sq. km), making it one of the largest landholders in Newfoundland, in Canada’s newest and rapidly-emerging gold districts. The Company also retains an interest in an early-stage antimony/gold project (Startrek) in Newfoundland, optioned to White Metal Resources Inc., and in Labrador, the Company has a 100% interest in the Iron Horse (Fe) project which has Direct Shipping Ore (DSO) potential.

Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.

The Company would like to thank the Government of Newfoundland and Labrador for past financial support of the Moosehead Project through the Junior Exploration Assistance Program.

  

For further information, please contact:

Sokoman Minerals
Timothy Froude, P.Geo., President & CEO
Phone: 709-765-1726
Email: 
tim@sokomanmineralscorp.com

CHF Capital Markets
Cathy Hume, VP Corporate Development, Director
Phone: 416-868-1079 x251
Email: 
cathy@chfir.com

CHF Capital Markets
Thomas Do, IR Manager
Phone: 416-868-1079 x 232
Email: 
thomas@chfir.com

Website: www.sokomanmineralscorp.com
Twitter: 
@SokomanMinerals
Facebook: 
@SokomanMinerals
LinkedIn: 
@SokomanMinerals

 

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.

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