Intersection Believed To Be Extension Of Western Trend At Moosehead Project
Sokoman Minerals Corp.’s (TSXV: SIC) drilling at South Pond has returned near-surface high-grade gold values under the cluster of high-grade float sampled in July 2020, which averaged 36.2 g/t Au. Modelling indicates that the mineralisation is the southern extension of the Western Trend gold zone at the Moosehead Project in Canada.
Tim Froude, President and CEO of Sokoman, said rush assay results (metallics) from DDH MH-20-123 returned 5.0 m averaging 26.88 g/t Au, including 2.15 m at 60.59 g/t Au from 47.0 m downhole.
“We are very pleased to have located what we consider to be the in-situ source of the South Pond high-grade boulder cluster,” Mr Froude said.
“Even more encouraging is that 3D Leapfrog modelling indicates that the mineralization is on-strike with and is the southern extension of the Western Trend located 240 m to the northwest, with little drilling directly testing the intervening ground.
“Elsewhere on the property, extremely high-grade gold occurs in shoots or splays related to multiple sub-parallel structural zones that include the Eastern and Western Trends. Along with mineralogical and textural similarities, comparable high-grade splays occur at the Fosterville gold mine in Australia.
“The results from MH-20-123 confirm the company’s belief that additional high-grade gold shoots or splays are likely associated with the main structures that extend through the Moosehead property. Additional drilling will be focused in this area in 2021.”
Twenty-two drill holes totaling 6,650m have been logged and sampled to date, with another nine holes (903m) yet to be processed. In addition, assays from many holes are outstanding and will be reported in January 2021.
After a break for the Christmas season, the drill programme will re-start in January and continue until spring breakup. Target areas tested to date include the Western and Eastern Trends (including Footwall Splay), and other exploration targets, including drill hole MH-20-123 at South Pond.
Testing of the main trends, as well as several other targets requiring winter access and/or ice-based drilling, will commence in early 2021.
The 100%-owned Moosehead Gold Project is located along the Trans-Canada Highway in North Central Newfoundland, on the same structural trend as the advanced Valentine Lake Project (Marathon Gold), and adjacent to New Found Gold’s Queensway Project. Both the Moosehead and Queensway projects are targeting high-grade, turbidite-hosted, Fosterville-type gold mineralisation.
