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Sky Gold Initiates Field Work on Central Newfoundland Properties Contiguous To New Found Gold's Queensway Gold Project
VANCOUVER, BC / ACCESSWIRE / August 11, 2020 / Sky Gold Corp. (TSX-V:SKYG) (OTC PINK:SRKZF)("...
About this update from Sky Gold Corp.
[{"type":"text","content":"Sky Gold Initiates Field Work on Central Newfoundland Properties Contiguous To New Found Gold's Queensway Gold ProjectVANCOUVER, BC / ACCESSWIRE / August 11, 2020 / Sky Gold Corp. (TSX-V:SKYG) (OTC PINK:SRKZF)(\"Sky Gold Cop.\" or the \"Company\") is pleased to announce the start of field activities on the \"Mustang Property\" and the \"Virginia Property\", contiguous to the north-eastern portion of the Queensway Gold Project, owned by New Found Gold Corp. (\"New Found Gold\"). Government issued work permits for surface exploration have been received on both properties.The Company is also pleased to have engaged Grassroots Prospecting (\"Grassroots\"), a local, Newfoundland-based, prospector-driven organization, to assist with the exploration and logistics of field activities on our Newfoundland properties. Grassroots is very experienced and knowledgeable on the geology, mineral showings and exploration history of the Mustang Project and have led the permitting process for exploration and directed towards a fall drill program.Exploration activity will include prospecting, geological mapping, rock outcrop and subcrop sampling, soil geochemistry and hand trenching. The eastern portion of the Mustang Property hosts the well documented Outflow prospect discovered by Noranda Exploration Company Ltd., drilled by Altius Resources (with Barrick Gold) in the late 1990's and early 2000's, and investigated by the Newfoundland government geologist (C.G. Squires, 2005) and a 2006 Master Thesis (J.M. O'Driscoll). Highest gold values, up to 28 grams per tonne gold (g/t Au) over 0.8 metres, occur in dark grey hydrobreccia units, associated with high arsenopyrite concentrations. Selected diamond drill assay results from Noranda's drill program include 1.27 g/t Au over 11.3 m, 0.67 g/t Au over 18.3 m and 0.92 g/t Au over 9.0 m.** Gold values on adjacent properties in similar rocks, and assays based on historical work, are not representative of the mineralization on the property, have not been verified and should not be relied upon. The Outflow prospect comprises the \"Mustang\" and \"Piper\" mineralized zones. Squires reports: \"The silicified zones trend for at least 3 km to the northeast, locally in association with fault zones, and consist of chalcedonic silica in association with comb-textured and crustiform quartz and hydrothermal breccia. D...