Western Trend Diamond-Drill Program Progressing At Moosehead Project

ST. JOHN'S, NL - Sokoman Minerals Corp. reported that at the Moosehead Project, as previously reported, the Western Trend diamond-drill program is progressing well, with 1,325 m in 19 holes completed. The drilling is testing the area of the recently completed Western Trend Trench which is the future site of the planned conventional (drill and blast) bulk sample. Thirteen (13) of the holes intersected visible gold-bearing quartz veins and vein swarms, similar to the exposures in the trench. All assays are pending and expected early in Q1 2025. Drilling will continue until the Christmas break.

The drilling program is testing the strike/dip extents of the newly discovered, east-west trending, gold-bearing vein network, which is a splay off the main north-trending vein system in the trench. Drilling to date has tested 100 m of the strike to 80 m down dip with the zone remaining open. The deeper holes target the potential high-grade plunge of the intersection point between the east-west trending splay and the main north-trending vein system. The new vein system setting is similar to the high-grade Footwall Splay trending off the main Eastern Trend approximately 200 m to the east. The trenching was initiated for a conventional (drill and blast) bulk sample from the Western Trend, with final permits expected soon, and bulk-sample collection is planned for Q2 2025.

The Company is also pleased to report additional Phase 1 metallurgical results from Base Met Labs in Kamloops, B.C., for scoping-level, metallurgical tests of the Western Trend gold mineralization. Gold recoveries from the bulk gravity testing of the quartz vein sample returned 82.0% to 83.0% of the gold, with leaching of the gravity tailings giving a 95.0% to 96.6% gold recovery. Additional testing is ongoing, and the final results are expected in Q1 2025.

Timothy Froude, P.Geo., President and CEO, states, "With the drilling program largely complete at the Western Trend, we expect to have a sample plan in hand early in Q1 2025 with collection of the bulk sample following once all permits have been received. We are evaluating several options for the sample processing, with the aim of deciding by mid-to-late Q1 2025. We also look forward to continued good gold intersections in the Western Trend drilling program, where we have had excellent success. The metallurgical work on the quartz vein portion of the planned bulk sample has yielded excellent recoveries. We are expecting a formal proposal from Novamera on the planned Footwall Splay Zone bulk sample to be taken later in 2025 using its proprietary technology. It looks like 2025 will be a great year for the Moosehead Project and indeed for Sokoman as a whole."