Sokoman Minerals (TSXV:SIC) - Major 2024 Drill Program for the Next Newfoundland Gold Discovery

Company Interviews

Interview with Timothy Froude, President & CEO of Sokoman Minerals Corp.

Our previous interview: https://www.cruxinvestor.com/posts/sokoman-minerals-sic-moosehead-drilling-gold-kraken-li-drilling-in-q2-2992

Recording date: 24th May 2024

Sokoman Minerals Corp. (TSXV:SIC) is positioning itself for a major new gold discovery in Newfoundland, Canada. With high-grade drill results from its flagship Moosehead project, a large drill program about to commence, and an innovative approach to bulk sampling, Sokoman offers investors a compelling exploration story in an emerging gold district.

Moosehead has consistently delivered bonanza-grade gold intercepts, including recent results of 10.25 meters of 84.7 g/t gold and 12.4 meters of 44.1 g/t gold from the Footwall Splay zone. To efficiently extract a bulk sample from this high-grade zone, Sokoman has partnered with Novamera Inc. to utilize their proprietary technology. This innovative approach will surgically extract the high-grade core of the vein with minimal dilution and environmental impact.

An 8,000-10,000 meter drill program is set to begin at Moosehead in the coming weeks. Priority targets include the Footwall Splay and the recently discovered 552 Zone. The company also plans to test the deeper potential of the gold system with several 800-1000m holes. Sokoman believes these could be "game-changers" for the project.

Meanwhile, exploration is ramping up at the earlier-stage Fleur de Lys project. 2024 prospecting uncovered numerous angular, gold-bearing boulders up to several meters in size, which points to a nearby bedrock source. An initial 2,000m drill program aims to make a new discovery here starting in July.

Sokoman is well-funded for its 2024 exploration plans with over 10,000m of drilling across two projects. The company's prospective land package in the emerging gold district of Newfoundland, proven management team, and depressed valuation provide the right ingredients for a potential re-rating on exploration success.

The broader market backdrop appears supportive for gold exploration companies. The gold price remains near all-time highs despite recent volatility, incentivizing miners to replace reserves and grow production. Many view Newfoundland as an underexplored region with strong geological potential.

In this environment, Sokoman Minerals offers investors leveraged exposure to new gold discoveries in a premier jurisdiction. Steady news flow from drilling and bulk sampling should provide plenty of catalysts in the year ahead. With a proven ability to discover high-grade gold, an innovative approach to exploration, and a strong treasury to fund its plans, Sokoman is well positioned to create significant value for shareholders.

View Sokoman Minerals' company profile: https://www.cruxinvestor.com/companies/sokoman-minerals-corp

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