Sokoman Iron Corp. (“Sokoman Iron” SIC-TSX.V), is a Newfoundland and Labrador based junior mineral exploration company focused on exploration for world class mineral deposits in Newfoundland and Labrador, Canada. Our focus is the Central Newfoundland Gold Project, centered on gold mineralization associated with a major regional structure believed to control most of Newfoundland's significant gold deposits. The structure informally named the Cape Ray/Valentine Lake/Alder Zone trend, extends through much of southwestern and central Newfoundland and is linked to the Cape Ray and Valentine Lake deposits, as well as the Alder Zone and associated discoveries announced by Altius Minerals and Antler Gold in late 2016. Altius announced channel sample results of 49.3 g/t Au over 4.6 meters from the Alder Zone and several other occurrences in the area returned significant multigram Au results. Sokoman has acquired 220 mineral claims (5,500 hectares), the East Alder, Crippleback and Princess Lake properties covering 22 kilometers of the structural corridor believed to control most, if not all, of the above noted gold mineralization.
In 2017, Sokoman acquired the Clarks Brook gold property in central Newfoundland and has completed 7 holes totaling 1100 meters, of which all holes intersected gold mineralization including intervals grading 3.47 grams per tonne gold over 3.10 meters and the mineralization is open in all directions. Most recently,Sokoman announced that it has agreed to acquire the high grade Moosehead Gold project in central Newfoundland from Altius Resources Inc. Moosehead is host to locally significant gold mineralization over a 2 kilometer strike length highlighted by a number of very high grade drill intercepts including 111.96 grams per tonne gold over 2.02 meters and 9.28 grams per tonne gold over 21.19 meters. The mineralization remains open and Sokoman is planning a Phase 1 drilling program for the second quarter of 2018.
In addition, Sokoman remains in control of the Iron Horse iron ore project in the Labrador Trough where in 2012, eight diamond drill holes, the only holes drilled on the property, tested extensive magnetic anomalies at Iron Horse and all eight holes intersected potentially significant iron mineralization. The drilling was highlighted by a 354 meter intercept grading 27.8% Fe at Anomaly A, one of the widest intercepts reported in the Trough in recent years. The property is available for option or joint venture and the company is seeking partners to advance the project.
Sokoman Iron also has high potential, gold and base metal properties that are also for sale, option or joint venture.