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Sokoman Minerals Reports Phase 5 Results at Moosehead Gold Project
All zones are open and expanding; upcoming 10,000 m Phase 6 drilling will test deeper target...
About this update from Pirate Gold Corp
[{"type":"text","content":"Sokoman Minerals Reports Phase 5 Results at Moosehead Gold ProjectAll zones are open and expanding; upcoming 10,000 m Phase 6 drilling will test deeper targetsST. JOHN'S, NL / ACCESSWIRE / July 15, 2020 / Sokoman Minerals Corp. (TSXV:SIC)(OTCQB:SICNF) (the \"Company\" or \"Sokoman\") is pleased to announce drill results from the recently completed Phase 5 diamond drill program at the Company's flagship Moosehead Gold Project located in north-central Newfoundland, with the lower high-grade shoot continuing to deliver strong results. The program extended both the upper main zone and the lower high-grade shoot to the north where the zones remain open and are now approximately 500 m in strike length remaining open to depth.A total of 4,619 m was drilled in 17 holes targeting the lower high-grade shoot at the -200 m vertical level, as well as near-surface mineralization in the upper main zone. The lower high-grade shoot reported strong results including the following selected highlights:MH-20-86 4.70 m @ 18.60 g/t Au, incl. 1.85 m @ 46.99 g/t Au (from 271.80 m downhole)*MH-20-82 9.50 m @ 5.70 g/t Au, incl. 1.70 m @ 29.19 g/t Au (from 206.50 m downhole)**Note: reported lengths are core lengths; true widths are believed to be 75-90% of reported lengthsSummary table of all Phase 5 results is attached, with the length, grades, dip, azimuth, and presence of visible gold indicated. A drill plan showing the location of the Phase 5 holes is also attached, and an updated model and longitudinal are being prepared for posting when completed.Tim Froude, President and CEO of Sokoman, said: \"We are very happy with what we are seeing, especially with regards to the structure of the deposit. The Eastern Trend shows good continuity, continues to increase in strike length and remains open along strike to the north and south and to depth. As with most high-grade gold systems, variability of mineralization and gold grades are expected. We are eager to test holes to at least twice the current depth, to a 400-m vertical level, and our next phase of drilling will be our most aggressive program to date. The Phase 6, 10,000 m program, will be focused on testing the continuity of the zones, and deeper targets, while extending the strike length in 25-50 m increments.\"The Phase 6 program is expected to start sometime in August 2020, once the Company has recei...