Sokoman Iron – Drill Rigs Are Now Mobilized For The Next Drilling Cycle

Sokoman Iron (V:SIC) just announced that the first of two diamond drill rigs have arrived at their flagship Moosehead Gold Project.

This drilling campaign will follow-up on the company’s recent discovery, which propelled Sokoman into the spotlight and attracted investor Eric Sprott to the table – MH-18-01 (11.90m @ 45 g/t Au).

Sokoman plans to drill 10,000 metres of ‘NQ-sized core’ using two diamond drill rigs – that will run 24 hours a day; two shifts per rig.

Rig One – aims to focus on the Eastern Trend area directly surrounding high-grade intercept MH-18-01 (11.90m @ 45 g/t Au core thickness).

A series of 15-to-25 metres ‘spaced brackets’ and ‘undercut holes’ will be completed at the depths of 250-to-300 metres. This will show a strike, dip, and/or plunge of the high-grade intercept.

Also – these holes will target the historical intercept from MH-03-15 (0.45m @ 278g/t Au). This currently remains the company’s deepest intercept to date (200 metres vertically).

Rig One will further expand upon the open-ended mineralization in the Western Trend. . .

Rig Two – will begin drilling just one week after Rig One begins.

This rig will be mostly testing the high-priority targets outlined from the historical drilling along the two-kilometre-long North Pond, South Pond, and Discovery Faults.

A total of 20-30 holes ranging from 100-to-300 metres at depth will happen to test the targets.

These targets include multiple historical drill holes that have reported actual visible gold – yet had limited drilling done. . .

The drill campaign’s estimated to take roughly two months to finish.

Once drilling’s completed and all the information’s gathered, results will be added to the Phase 3 program – which will begin in early 2019.

Sokoman expects to “release drilling results in batches as the drilling progresses”. This means that the market will get a steady flow of news.

Looking to the Lassonde Curve (named after mining hall of famer and founder of Franco-Nevada Corp – Pierre Lassonde), Sokoman is in the ‘discovery confirmation’ stage and entering the ’deposit definition’ stage. . .

Following the company’s 1,000% run after the initial discovery hole, volume and share price have dropped off considerably.

But speculation around the 10,000 meters of drilling, however, is likely to reignite the market’s attention.

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This is a good entry point for speculators – especially as the new 10,000 metre drilling commences.

Now that the company knows that there’s gold and where to look for it – they can focus on where to drill. If the company finds more gold along in line with MH-18-01, we can expect a much, much higher share price.

Written By: Palisade Research