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Sky Gold Corp. to Focus 2024 Exploration Efforts on the Mingold Au Anomaly and on an Extensive Ni-Cu-Co-PGE Target on Its Shebandowan Property, in Northwestern Ontario
Highlights: Mingold Au anomaly containing up 5,250 ppb Au, is a compelling orogenic gold ta...
About this update from Sky Gold Corp.
[{"type":"text","content":"Sky Gold Corp. to Focus 2024 Exploration Efforts on the Mingold Au Anomaly and on an Extensive Ni-Cu-Co-PGE Target on Its Shebandowan Property, in Northwestern OntarioHighlights:Mingold Au anomaly containing up 5,250 ppb Au, is a compelling orogenic gold targetMingold also contains highly anomalous As, Sb, Bi, Cu, Pb & Zn and is related to the Tinto Fault8 high-priority conductors prospective for Ni-Cu-Co deposits identified in VTEM surveyStrong, extensive Ni-Cu-Co-PGE till anomalies supplemented by VTEM conductors are very prospective for the presence of magmatic Ni-Cu-Co-PGE depositsVANCOUVER, BC / ACCCESSWIRE / April 10, 2024 / SKY GOLD CORP. (\"Sky\" or the \"Company\") (TSX.V:SKYG)(OTC PINK:SRKZF) is pleased to announce that two (2) high-quality exploration targets will be the focus of 2024 exploration, to be completed on Sky's Shebandowan Ni-Cu-Co-PGE-Au property (the \"Property\"), located in northwestern Ontario. The emergence of such targets was the culmination of a recent data compilation, incorporating newly acquired VTEM (Versatile Time Domain Electromagnetic) airborne geophysical survey data, with legacy till geochemical data, as well as historical assessment report data in the Company's possession.The Property, comprising 5,894 hectares, 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).Mingold Au Anomaly:Historic geochemical work completed by Mingold in the 1990's, delineated an area in the SW part of the Property containing a high number of gold grains at numerous sample sites, known as the Mingold Au anomaly.Heavy mineral concentrates from the Mingold sampling, yielded gold values as high as 5,250 ppb, 1,580 ppb, 1,370 ppb and 1,050 ppb and cover an area of approximately 3 X 3 kilometres (Figure 1 & 2). Delicate, pristine gold grains were also reported at a number of the sample sites, strongly suggestive of a local bedrock source for the gold. The high gold values in such samples, also include strongly anomalous pathfinder elements including arsenic,...