Sokoman Minerals Signs LOI with Campden Hill Holdings on Iron Horse Property

Sokoman Minerals Corp., based in St. John's, NL, announced its agreement with Campden Hill Holdings Pty Ltd, awaiting TSX Venture approval. This Letter of Intent allows the Australian company an option to buy the Iron Horse property, showcasing Sokoman Minerals' continued strategy to partner on non-core assets while focusing on its gold projects.

The Iron Horse property, located in Canada's prolific Labrador Trough, is known for significant iron deposits and has potential for uranium and rare earth elements. Originating from a 2011 joint venture, the property's exploration highlighted notable iron mineralization, though operations were scaled back due to declining iron ore prices.

The terms of the agreement entail a total option price of CAD$300,000, with a potential bonus of up to CAD$500,000 upon completion of a bankable feasibility study. Campden Hill's responsibilities include all expenses to maintain the property throughout the agreement's term.

Timothy Froude of Sokoman expressed enthusiasm for the partnership with Campden Hill, looking forward to collaborative efforts to advance the Iron Horse project. Similarly, Campden Hill highlighted the value of working with Sokoman to explore and develop the project further.