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Sky Gold Corp. Acquires the Horne and Laurie Properties, Immediately Adjacent to Delta Resources' Eureka Gold Discovery, in Northwestern Ontario
VANCOUVER, BC / ACCESSWIRE / April 12, 2023 / SKY GOLD CORP. ("Sky Gold" or the "Company") (TSXV...
About this update from Sky Gold Corp.
[{"type":"text","content":"Sky Gold Corp. Acquires the Horne and Laurie Properties, Immediately Adjacent to Delta Resources' Eureka Gold Discovery, in Northwestern OntarioVANCOUVER, BC / ACCESSWIRE / April 12, 2023 / SKY GOLD CORP. (\"Sky Gold\" or the \"Company\") (TSXV:SKYG)(OTC PINK:SRKZF) is pleased to announce the acquisition of 2 prospective properties bordering the Eureka Gold Zone (Delta-1 project) currently being drilled by Delta Resources Ltd. (TSXV: DLTA). The Eureka Gold Zone (EGZ) is located in the Dawson Road Lots, straddling the Trans-Canada highway, approximately 50 kilometres west of the City of Thunder Bay, in northwestern Ontario.Eureka Gold Zone:To date, Delta Resources has traced the EGZ by diamond drilling over a minimum strike-length of 1.4 kilometres and to a vertical depth of approximately 220 metres. Gold is hosted in quartz-ankerite-pyrite veins and stock-work, within highly altered intermediate to mafic volcanic rocks, close to the contact with younger, Timiskaming-type sediments. The zone strikes east to east-southeast, dips steeply to the north and currently remains open along-strike and at depth.The eastern extremity of the EGZ, as currently drill-tested, has returned the best results to date, with reported intercepts of 14.80 g/t gold over 11.9 metres (D1-22-18), 6.49 g/t gold over 10.0 metres (D1-22-24) as well as 130.00 g/t gold over 1.0 metre & 16.42 g/t gold over 1.5 metres (D1-22-25) (See Delta Resources Ltd. October 31st 2022 & March 21st 2023 News Releases). Visible gold has been observed in a large number of drill holes completed to date.Sky Gold cautions investors that drill results and mineralization hosted on nearby properties is not necessarily indicative of mineralization that may be hosted on the Horne and Laurie properties.The EGZ is intimately associated with a prominent magnetic low that continues for an additional 2 kilometres along trend to the east-southeast, beyond the high-grade intervals documented in the above drill holes. The magnetic low is thought to reflect hydrothermal alteration associated with gold mineralization. Clearly, this augurs well for extending the EGZ further to the east and expanding on the limits of known gold mineralization.Discovery of the EGZ was made in follow-up work to an Ontario Geological Survey glacial till sampling program, completed in 1990. The survey delineated...