Northwire Canada EditionWednesday, August 12, 2026
Northwire
GRC 0.075 +7.1% FNV 334.84 −0.2% ZNG 0.830 +0.0% ITR 3.61 −2.4% AVX 0.005 −nan% ETG 2.52 −2.3% PPP 1.36 +0.0% EFF 0.025 +0.0% NVX 0.540 +25.6% NG 10.68 +0.4% ELE 27.08 +1.9% EM 3.95 −1.2% SGML 16.51 +0.1% ADZ 0.100 +0.0% AFM 1.50 −9.6% OMI 0.275 −3.5% GRC 0.075 +7.1% FNV 334.84 −0.2% ZNG 0.830 +0.0% ITR 3.61 −2.4% AVX 0.005 −nan% ETG 2.52 −2.3% PPP 1.36 +0.0% EFF 0.025 +0.0% NVX 0.540 +25.6% NG 10.68 +0.4% ELE 27.08 +1.9% EM 3.95 −1.2% SGML 16.51 +0.1% ADZ 0.100 +0.0% AFM 1.50 −9.6% OMI 0.275 −3.5%
Drill Results

Sokoman Minerals Triples Claim Holdings Along 65 km of the Valentine Lake Fault, Building Its District-Scale Treasure Island Project

SIC · Price

Executive Summary

  • Sokoman Minerals secured rights to acquire mineral licenses covering 41,150 ha along the Valentine Lake Fault, expanding its holdings to 58,775 ha and over 65 km of strike length.
  • The acquisition positions Sokoman as the largest landholder by strike length and area in the district, creating the 100%‑owned Treasure Island Project with high‑grade drill intercepts (e.g., 70.3 g/t Au over 9.05 m).
  • In connection with the claim acquisitions, the company will issue 4,500,000 common shares and make cash payments of $50,000 subject to regulatory approvals; board changes include two directors moving to an Advisory Board and addition of Kevin Keats to that board.

Key Details

  • License Expansion: Total mineral license area now 58,775 ha with > 65 km strike length – more than double the previous strike length and triple the area.
  • Treasure Island Project: Formed by consolidating Moosehead and Crippleback claim groups; 100% owned; hosts the “Moosehead Zone” with over 135,000 m of drilling completed.
  • High‑Grade Drill Highlights (Moosehead Zone):
  • 70.3 g/t Au over 9.05 m (MH‑18‑39)
  • 45.0 g/t Au over 11.9 m (MH‑18‑01)
  • 12.5 g/t Au over 39.6 m (MH‑22‑463)
  • 69.5 g/t Au over 4.85 m (MH‑24‑649)
  • 56.6 g/t Au over 5.55 m (MH‑21‑342)
  • Valentine Gold Mine Context: Operated by Equinox Gold; processing began Aug 2025 with first gold pour Q3 2025; initial resource 4 M oz; Feasibility Study projects 195,000 oz/year production.
  • Transaction Terms: Upon completion of claim acquisition agreements and regulatory approval, Sokoman will issue 4,500,000 common shares and pay $50,000 cash.
  • Board Changes:
  • James Adams, Ph.D., CFA – steps down from Board, joins newly formed Advisory Board.
  • Colin Bowdidge, Ph.D. – also moves to Advisory Board.
  • Kevin Keats – appointed to Advisory Board (prospecting family background).
  • Qualified Person: Greg Matheson, P.Geo., VP Exploration, reviewed and approved technical information per NI 43‑101.

Notable Quotes

“We believe the recent claim acquisitions are fundamentally transforming the Company's exploration strategy to take a district‑scale approach while remaining focused on our core mineralized zones at Moosehead. With a dominant position along the Valentine Lake Fault, we believe the Company can apply its Newfoundland expertise to make other high‑grade gold discoveries,” – Denis Laviolette, Executive Chairman, CEO & Director.

“On behalf of the Company, I thank James and Colin for their service as directors and look forward to working with them and Kevin through our new advisory board,” – Tim Froude, P.Geo., President.

Read the original news release →

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