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Sky Gold Corp. Defines Multiple High-Quality Targets on its Shebandowan Ni-Cu-Co-PGE Property in Northwestern Ontario
Highlights: Strong Ni-Cu-Co-Cr-PGE till anomalies as well as mafic and ultramafic rocks int...
About this update from Sky Gold Corp.
[{"type":"text","content":"Sky Gold Corp. Defines Multiple High-Quality Targets on its Shebandowan Ni-Cu-Co-PGE Property in Northwestern OntarioHighlights:Strong Ni-Cu-Co-Cr-PGE till anomalies as well as mafic and ultramafic rocks intimately associated with high-priority VTEM targetsVTEM targets defined comprising moderate to strong conductors and conductor clustersMingold Au anomaly indicates excellent potential for orogenic gold deposits to occur on the PropertySpring program comprising soil geochemistry, trenching and diamond drilling is plannedVANCOUVER, BC / ACCESSWIRE / February 13, 2024 / SKY GOLD CORP. (\"Sky\" or the \"Company\") (TSX.V:SKYG)(OTC PINK:SRKZF) is pleased to announce that numerous high-quality targets have been defined by a recently completed VTEM airborne geophysical survey (Versatile Time Domain Electromagnetic), flown over its Shebandowan nickel-copper-cobalt-platinum group element property (the \"Property\"). The Property, comprising 5,894 hectares (includes Star Lake, KA, Greenwater Lake & Kekekuab Lake groups), is located 70 km west of the City of Thunder Bay and 5 km southwest of the past-producing Shebandowan Ni-Cu-Co-Cr-PGE mine, operated by Inco Ltd. during the period of 1970 to 1998. The Shebandowan mine is a world-class example of a primary magmatic nickel sulphide deposit, with produced tonnage & grade of 8.7 MT at 2.0% nickel, 1.0% copper, 3.0 g/t platinum + palladium (cobalt and chrome grades unknown).Mackenzie (Mac) Watson, Technical Advisor to Sky Gold Corp. commented: \"This is one of the best greenfield exploration projects that I have been associated with. The potential for discovery of both nickel and gold is very high.\"VTEM Survey Results:The survey yielded both electromagnetic and magnetic data, important tools for the exploration and delineation of targets, in the search for magmatic Ni-Cu-Co-PGE deposits.Interpretation of the VTEM data yielded over 70 target areas for follow-up. Compilation of the VTEM data with geological, geochemical and geophysical data in Sky's possession yielded 8 high-priority target areas slated for immediate follow-up and subsequent diamond drilling. None of the high-priority targets have been evaluated by historic diamond drilling.The targets ranked as high-priority, comprise single conductors and conductor clusters, delineated over strike lengths ranging from 400 to 1300 m...