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Sokoman Iron Drills New Visible Gold -Bearing Vein Zone At Moosehead Gold Project, Central Newfoundland
PUSLINCH, ON / ACCESSWIRE / June 28, 2018 / Sokoman Iron Corp. ('Sokoman' or 'the Company') ...
About this update from Pirate Gold Corp
[{"type":"text","content":"Sokoman Iron Drills New Visible Gold -Bearing Vein Zone At Moosehead Gold Project, Central NewfoundlandPUSLINCH, ON / ACCESSWIRE / June 28, 2018 / Sokoman Iron Corp. ('Sokoman' or 'the Company') (OTC PINK: GRNDF) (TSX-V: SIC) is pleased to announce that the first hole completed in its Phase I, program, MH-18-01, encountered a 1.35 metre (core length - see Note 1) quartz vein that contained a minimum of 50 specks of visible gold ranging from less than a millimetre to 2 millimetres in diameter. This new vein was encountered at a down hole depth of 115.25 m (vertical depth of 80 metres) approximately 80 metres up-hole from the intended target of the drill hole. The hole continued to its target depth and was successful in cutting a 0.55 metre (core length) vein with 6 specks of visible gold approximately 15 metres up-dip from the planned target depth. The location and apparent orientation of the new vein suggests that it represents a new high-grade target on the property. Saw cut samples have been taken from the gold bearing zones and have been sent for total pulp metallic analysis and fire assaying at Eastern Analytical Limited in Springdale, Newfoundland (see Note 2).Drill hole MH-18-01 was drilled to test the up-dip potential (50 metres up-dip) of a historical intercept in 2003 by Altius Resources Inc. that returned 278 g/t Au over 0.45 metres (see Note 3) at a depth of 257 metres downhole (200 metres vertically) in MH-03-15. The Altius intercept is the deepest intersection on the property. Maps, photos and other information will be posted on the website in the coming days as they get produced. Prior to completing any additional drilling on this discovery, the Company intends to await assays and complete a downhole televiewer survey in order to plan future drilling on the new zone. The current program will consist of approximately 2000 meters in 12 to 15 holes and is expected to take 5-6 weeks to complete and will now focus on the shallow (less than 50 metre depth) mineralization in the Western Trend (May 25, 2018 News Release).The Company plans to complete downhole televiewer (camera) logging of selected drill holes to determine key structural information and mineralized vein orientations. The observations from the televiewer survey, to be completed by DGI Geoscience Inc. of Toronto, will aid in follow up drill hole placement, a...