Sokoman Iron Acquires Altius’ Moosehead Gold Property, Canada
Published: March 15, 2019 |
Sokoman Iron Corp. has acquired 100 percent interest in the Moosehead Gold Property.
“This is a significant milestone for Sokoman and its shareholders. Altius has notified us of the transfer of ownership, and the transfer of license was approved by the Minister of Natural Resources. The Moosehead project consists of 98 claims encompassing 24.5 square kilometres. Our exploration activities to date include some 50 diamond drill holes (~9,500 m) that are being incorporated, along with historic assays, into a 3D software program to view and model the mineralized zones,” said Tim Froude, president and CEO.
“Recently completed Phase 2 drilling has returned multiple high-grade intersections including 24.90 m grading 33.56 grams per tonne gold from the newly discovered Eastern Trend Shear Zone. The recent preliminary report on the structure of the Eastern Trend has greatly improved our understanding of the high-grade shear zone at the Eastern Trend and will guide exploration on that front. Phase 3 diamond drilling has begun and will focus on the Eastern Trend high grade shear zone as well as selected high priority targets elsewhere on the property,” added Froude.
About Sokoman Iron Corp.
Sokoman Iron Corp. is a discovery-oriented company with projects in Newfoundland & Labrador, Canada. The company’s primary focus is its portfolio of gold projects in Central Newfoundland on the structural corridor hosting the 4.2 million ounce Valentine Lake gold project 150 km southwest of the company’s high-grade Moosehead gold project. The company also has a 100 percent interest in an early-stage antimony project in Newfoundland recently optioned to White Metal Resources, as well as a 100 percent interest in the Iron Horse (Fe/U/REE) project in Western Labrador.
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