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Sky Gold Receives Drill Permit for Clone Property
VANCOUVER, BC / ACCESSWIRE / May 30, 2019 / Sky Gold Corp. (TSX-V: SKYG) (US: SRKZF) ('Sky Go...
About this update from Sky Gold Corp.
[{"type":"text","content":"Sky Gold Receives Drill Permit for Clone PropertyVANCOUVER, BC / ACCESSWIRE / May 30, 2019 / Sky Gold Corp. (TSX-V: SKYG) (US: SRKZF) ('Sky Gold Corp.' or the \"Company\") is pleased to announce that it has received approval from the British Columbia Ministry of Energy and Mines for a work permit on the Company's keystone asset, the Clone Property, located in the prolific Golden Triangle. The Mines Act permit (MX-1-128) allows for drilling from 25 drill sites, and 10 trench areas over a 5-year period. The work permit covers the expanded Clone property and includes the newly (2018) discovered Southern Glory Prospect, which returned 6.45% Cu, 162 g/t Ag, 0.11 g/t Au, (1 m chip sample), and 4.11% Cu, 160 g/t Ag, 0.52 g/t Au, (1 m chip sample).The Company is reviewing diamond drill contractor bids, with a drill program planned to commence in July. This will be the maiden drill program by the Company and the first drilling on the Clone property since 2016. Target selection has been aided by a successful 2018 field program, a 2018 high resolution magnetics airborne survey, and a comprehensive compilation of all historic data with supportive 3D modeling. Targets include: Main \"H\" Zone - test extensions and trends along strike and down-dip, and plunge, based on 3D modeling of this zone which previously has returned drill intercepts of: 7.92 m of 20.22 g/t Au (Hole #16), 7.92 m of 30.37 g/t Au (Hole #21), and 12.80 m of 44.75 g/t Au (Hole #28).* Port 19 and Treble Zones - located approximately 1.0 km west of the Main \"H\" Zone, this historic prospect was prospected and geologically mapped in summer 2018 with significant results obtained in both soil and rock (grab) sampling. There has been considerable glacial abatement over the showing since the 1990's. Soil sampling results including five samples with greater than 1 g/t Au (8.33 g/t, 6.68 g/t, 3.7 g/t, 1.66 g/t, 1.61 g/t). The +200 ppb Au soil anomaly over the Port 19 and Treble showings is 2.5 times the size of the Clone soil anomaly. The Outbound Prospect - covers an area approximately 2.0 by 1.0 kilometers and has seen extensive glacial ablation and reduction of snow pack in the last two decades. Prospecting in the summer 2018 program returned multiple rock samples returning in excess of 0.10 % Cu and a peak value of 0.56 % Cu, silver values up to 132 g/t Ag, and gold values in s...