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Sokoman Minerals Completes Phase 3 Drilling at Moosehead Gold Property, Newfoundland
ST. JOHN'S, NL / ACCESSWIRE / March 19, 2019 / Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB:...
About this update from Pirate Gold Corp
[{"type":"text","content":"Sokoman Minerals Completes Phase 3 Drilling at Moosehead Gold Property, NewfoundlandST. JOHN'S, NL / ACCESSWIRE / March 19, 2019 / Sokoman Minerals Corp. (TSX-V: SIC) (OTCQB: SICNF) (the \"Company\" or \"Sokoman\") is pleased to announce the completion of a highly successful Phase 3 drilling program at Moosehead. Final assay results are expected in mid to late April, at which point the Company will focus on compiling, interpreting and modeling data received from the three phases of drilling as well as down-hole camera work, structural interpretation and geophysics in order to prepare for Phase 4 drilling later in 2019.Highlights: 21 holes totaling approximately 4,715 m completed, including eight holes from the ice on North Pond. Logging and sampling are expected to take two weeks to be completed, with final assays expected mid to late April. All holes encountered significant intervals of shearing and quartz veining with many holes cutting multiple zones. At least seven holes, MH-19-50, 52, 53, 56, 61, 62 and 63 (including five from the ice) intersected visible gold bearing quartz veins, highlighted by MH-19-62 which cut three separate veins from 0.30 to 0.90 m thick (core lengths*) with the 0.90 m vein carrying widespread, fine visible gold within a strongly mineralized section from 240.00 to 244.50 m downhole, located 110 m northeast of discovery hole MH-18-01. Strike length of Eastern Trend shear zone extended to at least 175 m, remaining open along strike to the north and south, and to depth.Timothy Froude, P. Geo., President and CEO, states: \"We are extremely pleased with the results from the third, and quite possibly the most successful drilling Phase of drilling at Moosehead. While our window for effectively testing the Eastern Trend has temporarily closed, we anticipate a barge-based diamond drill program to take place later in 2019 so as to continue evaluating and expanding the high-grade mineralized zone. With a healthy treasury of just under $3 million, we are well positioned to take Moosehead to the next level. We also intend to complete drilling on the nearby, epithermal style, Clarks Brook property during Q2 2019, testing for high-grade mineralization we believe may exist below the known mineralized zones.\"QPThis news release has been reviewed and approved by Timothy Froude, P. Geo., a \"Qualified Person\" under N...