Sokoman Minerals Corp. provided an update on the planned exploration of the Fleur de Lys gold project on the Baie Verte Peninsula, in north-central Newfoundland. Company geologists and prospectors recently toured gold systems in Dalradian /Caledonian rocks in Northern Ireland which are equivalent to the Appalachian, Fleur de Lys Supergroup rocks, including mineralization in and around the world-class Curraghinalt gold deposit.

Curraghinalt is host to >6 million ounces of NI 43-101 compliant gold resources in 20+, discrete quartz veins ranging from tens of centimeters to more than 1.5 m in thickness. The veins have strike lengths in excess of 1.8 km and have been intersected in drill holes to 1,000 m vertically with the resources calculated by SRK Consulting (Canada) in 2018 to a 400 m depth. Curraghinalt, which remains open at depth, is the larger gold deposit in the Appalachian-Caledonian Orogen.

Several crucial elements pertaining to the distribution of gold in Dalradian rocks are directly applicable to evaluating Sokoman's gold in till anomalies at Fleur de Lys including 1) the regional structural setting; 2) the absolute ages and relative timing of gold mineralizing events and poly-phase tectonism; vein styles, and proximity to the Clew-Bay/Omagh crustal-scale terrane boundary - the Baie Verte Line equivalent; 4) local, specific, lithological controls; 5) the proximity to gold-rich VMS in adjacent terranes; and 6) the physical nature and distribution of the gold at Curraghinalt. This data highlighted the critical commonalities, vis-a-vis gold, between the Sperrin Mountains (e.g., Curraghinalt) and the Fleur de Lys belt at regional, property, and outcrop scales. The company, with input from Overburden Drilling Management, is prioritizing the anomalies for a detailed follow-up prospecting program beginning in August, with significant results to be further explored by trenching or diamond drilling.

The 100%-owned project is located on the west side of the Baie Verte Peninsula in north-central Newfoundland. The area has a long history of base metal and gold production dating back to the 1860s. The project is highly prospective for Dalradian-style (e.g., Curraghinalt) orogenic, vein-hosted, gold deposits and as such, represents a readily accessible, yet underexplored, district-scale, gold target in the Newfoundland Appalachians.

The Fleur de Lys Supergroup, which underlies the project, includes equivalent rocks to the Dalradian Supergroup in the UK, where three significant gold deposits, including the Curraghinalt and Cavanacaw deposits in Northern Ireland, and Cononish in Scotland are found. The Dalradian, vein-hosted, gold deposits occur in moderate to high-grade metamorphic terranes and are typically high grade.