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Sokoman Iron Corp. Commences Diamond Drilling at Clarks Brook, Central Newfoundland

28.09.2017  |  FSCwire
Puslinch - Sokoman Iron Corp, TSX-V SIC (the “Company”) is pleased to announce the start of the Phase 1 diamond drilling program at the recently acquired Clarks Brook property in central Newfoundland. The property is highlighted by significant gold grades in both float and bedrock samples including a maximum of 24.5 g/t Au in float and a maximum of 19.24 g/t Au in bedrock.

The Clarks Brook prospect was staked by vendor Metals Creek (MEK) after a review of past work and initial due diligence sampling performed on the showing. The gold mineralization outlined on the property consists of silicified and disseminated pyrite/arsenopyrite bearing siltstone boulders up to 3 meters in size initially discovered by Altius Minerals Corporation in 2004, and from which assays ranging from 2.98 to 24.5 g/t Au were reported. In 2009, Altius completed Induced Polarization (IP) and Magnetic geophysical surveys outlining several targets but no follow up drilling took place. Subsequent field work by the vendor (MEK) resulted in the discovery in bedrock of similar style mineralization to that of the boulders returning a grab sample assay of 19.24 g/t Au. In addition, thirteen (13) of the large angular blocks were sampled and yielded assays ranging from 0.24 to 10.4 g/t Au. (Note: all samples reported are grab samples and not necessarily representative of mineralization on the property.)

The Company intends to drill up to 500 meters in 4-5 holes to test for mineralization at depths down to 50 meters vertically below surface. The program is expected to be completed by mid-October.

Timothy Froude, P. Geo., Interim CEO states, “We are very anxious to get underway at Clarks Brook as the work done to date, as well as observations of the mineralization, suggest a potentially broad target. This represents the first ever drilling on the property and we are fortunate to have this opportunity. The project also qualifies for funding assistance from the Province and we are grateful for that.”

Sokoman Iron Corp. is a discovery-focused company with projects in Newfoundland & Labrador, Canada. The Company’s primary focus is the Central Newfoundland Gold Project (CNGP) which comprises the Crippleback Lake, Princess Lake and East Alder properties all straddling the emerging Cape Ray/Valentine Lake/Alder structural zone which hosts the 2.1 M oz Valentine Lake project (Marathon Gold MOZ-T); and the recently announced high grade Wilding Lake Project (Antler Gold ANTL-V). The company also has a 100% interest in the Iron Horse Project in the eastern Labrador Trough, and an early stage antimony (Sb) property in central Newfoundland.

This news release has been reviewed and approved by Timothy Froude, P. Geo., a "Qualified Person" under National Instrument 43-101 and Interim CEO for Sokoman Iron Corp. For further information please contact Timothy Froude at 709-765-1726, or by email at tfroude@sokomaniron.com


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Iron Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Iron Corp.

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