Business
Sky Gold Highlights Gold in Soil Geochemical Anomalies on the Mustang Property, Newfoundland
VANCOUVER, BC / ACCESSWIRE / June 2, 2021 / Sky Gold Corp. (TSX-V:SKYG)(OTC PINK:SRKZF) ("S...
About this update from Sky Gold Corp.
[{"type":"text","content":"Sky Gold Highlights Gold in Soil Geochemical Anomalies on the Mustang Property, NewfoundlandVANCOUVER, BC / ACCESSWIRE / June 2, 2021 / Sky Gold Corp. (TSX-V:SKYG)(OTC PINK:SRKZF) (\"Sky Gold Corp.\" or the \"Company\") reports on the identification of several new gold-in-soil geochemical anomalies in the northern and western portions of the Mustang Property, Newfoundland. The Company plans to follow up these anomalies with diamond drilling and intends to drill possible extensions of interpreted structural trends identified on the contiguous Mt. Peyton project, owned by Exploits Discovery Corp. (\"NFLD\").\"We are excited to have such a strong geochemical signature along the border with Exploits in the same area they have high priority drill targets now being tested.\" stated Mike England, CEO of Sky Gold. \"We are also encouraged with the identification of other new gold targets at Mustang that will be further investigated to define potential drill targets later in the summer.\"Target area highlights include: North Woodman Pond Target - Covering an area of 2,000 by 750 metres, this target includes the highest gold-in-soil values received to date of 55 parts per billion gold (\"ppb\" Au), with highly anomalous arsenic (As) at 87 parts per million (\"ppm\"). This target is flanked on both sides by the Schooner Fault and offset structures, as identified on NFLD's contiguous Mt. Peyton project, where NFLD has recently announced (see news release dated May 27th, 2021) plans to drill approximately 3,000 m in twelve HQ-diameter diamond drill holes. The Schooner Fault represents a sub-parallel trending fault system, identified by GoldSpot Discoveries Corp. (SPOT) for NFLD, located approximately 3.5 km west of the known gold bearing Appleton Fault that hosts New Found Gold's Keats, Lotto, and Knob Zone gold discoveries.West Targets - Comprises multiple gold-in-soil anomalies with values up 54 ppb Au, 194 ppm As, and anomalous lead (Pb), and antimony (Sb) over an area measuring approximately 1,000 metres x 600 metres oriented in a NE-SW direction, paralleling the interpreted Dog Bay Line regional structure. The soil anomalies are located east of the Jasperoid and Barite Showings. Rock grab sampling (six samples) in 2012 on the Jasperoid Showing ranged from 26 ppb to 1071 ppb Au (Assessment Report 002D/15/0865 - M. Quinlan, Owner, Septemb...