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Sky Gold Assays up to 7.7 g/t Gold Over 0.5 Meters Plus Separate Interval of 32.85 Meters of .78 g/t Gold From Hole 14 at Mustang Project, Newfoundland
VANCOUVER, BC / ACCESSWIRE / March 8, 2021 / Sky Gold Corp. (TSX-V:SKYG)(OTC PINK:SRKZF) ...
About this update from Sky Gold Corp.
[{"type":"text","content":"Sky Gold Assays up to 7.7 g/t Gold Over 0.5 Meters Plus Separate Interval of 32.85 Meters of .78 g/t Gold From Hole 14 at Mustang Project, NewfoundlandVANCOUVER, BC / ACCESSWIRE / March 8, 2021 / Sky Gold Corp. (TSX-V:SKYG)(OTC PINK:SRKZF) (\"Sky Gold Corp.\" or the \"Company\") reports assays rushed from an interval that contained visible gold at Mustang has averaged 7.77 Au g/t over 0.5 meters in hole MT-21-14 with the remaining assays pending from intervals directly above this sample that were not rush assayed. Portions of hole MT-21-14 were rush assayed, based on encouraging visual core characteristics including epithermal hydrobreccia, veining, silicification, sulphides (arsenopyrite, pyrite), and visible gold noted at 66.32 meters. Hole MT-21-14 and four other holes are located on the North Mustang Target which is located contiguous to the Queensway Gold Project, owned by New Found Gold Corp. (\"New Found\") and just 3,600 meters from New Found's current drill program at the Knob Zone (Figure 1).Additionally, an intercept of a wide zone of gold mineralization was encountered in diamond drill hole MT-21-14 which spanned over 32.85 meters (core length) averaging 0.78 grams per tonne gold (Au g/t), which included several higher grade sections including 3.80 Au g/t over 1.5 meters, on the Company's Mustang PropertyCompany President and CEO Mike England commented \"We are very pleased to report these initial drill results from our maiden drill program on the Mustang Zone. The width of the mineralized gold zone in hole MT-21-14 is significant and impressive at shallow depth. The Company eagerly awaits further assays from our 20 hole drill program and are planning a Phase 2 program to start in early summer, designed to follow-up targets on the Mustang Zone and also the other targets on the western portion of the Property.\"The Company has completed its Phase 1 drill program on the Mustang property. A total of twenty (20) holes were completed comprising 3,330 meters (Figure 2). The majority of assays are pending. The entire drill program was focused on the Mustang Zone in three areas along a 1.2 kilometer strike length. Complete assays for holes MT-20-01 and MT-20-02 are also received with significant intercepts reported in the Highlights Table.Hole MT-20-01 and MT-20-02 are located at the southern portion of the interpreted Musta...