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Sky Gold Readies Field Crews for Exploration Programs in Central Newfoundland Contiguous to New Found Gold's Queensway Gold Project
VANCOUVER, BC / ACCESSWIRE / July 8, 2020 / Sky Gold Corp. (TSX-V:SKYG) (OTC PINK:SRKZF)("Sky...
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[{"type":"text","content":"Sky Gold Readies Field Crews for Exploration Programs in Central Newfoundland Contiguous to New Found Gold's Queensway Gold ProjectVANCOUVER, BC / ACCESSWIRE / July 8, 2020 / Sky Gold Corp. (TSX-V:SKYG) (OTC PINK:SRKZF)(\"Sky Gold Corp.\" or the \"Company\") announces that field exploration crews have been contracted to commence surface exploration activities on the newly expanded Mustang property and Virginia property, contiguous to the south-western and north-eastern portions respectively of the Queensway Gold Project owned by New Found Gold Corp. The enlarged Mustang Expansion property comprises 1,875 ha and government issued work permits are expected shortly with local Gander-based crews ready to mobilize. Initial work, leading up to an inaugural drill program expected to commence later this summer, will include prospecting, geological mapping, rock outcrop and subcrop sampling, and hand trenching.The eastern portion of the Mustang property hosts the well-documented Outflow prospect discovered by Noranda Exploration Company Ltd., later drilled by Altius Resources (with Barrick Gold) in the late 1990's and early 2000's, and investigated by a 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 elevated arsenopyrite concentrations. Select 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 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. Disseminated pyrite is associated with some of the higher-grade samples, and needles of possible stibnite have been noted.…the vein textures are reminiscent of low-sulphidation epithermal mineralization….\" The geologic textures and style of brecciation, and assoc...