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Sky Gold Reports Surface Rock Grab Samples Up To 12.14 Au G/T From The Mustang Project, Newfoundland
VANCOUVER, BC / ACCESSWIRE / January 25, 2021 / Sky Gold Corp. (TSX-V:SKYG)(OTC PINK:SRKZ...
About this update from Sky Gold Corp.
[{"type":"text","content":"Sky Gold Reports Surface Rock Grab Samples Up To 12.14 Au G/T From The Mustang Project, NewfoundlandVANCOUVER, BC / ACCESSWIRE / January 25, 2021 / Sky Gold Corp. (TSX-V:SKYG)(OTC PINK:SRKZF) (\"Sky Gold Corp.\" or the \"Company\") is pleased to report surface rock samples assay results from the prospecting and geological mapping activities on the Company's Mustang Property contiguous to the Queensway Gold Project, owned by New Found Gold Corp. (\"New Found Gold\").In total 296 samples were taken over several targets on the Property. Sampling presented in this press release was conducted over approximately 1.25 kilometers of the Mustang (and parallel) zones with encouraging gold values over three prospective areas. Most samples comprised quartz veining, brecciation and silicification material, and quartz stockwork, with associated sulphides (pyrite, arsenopyrite, and sphalerite). Samples from other targets areas are being reviewed and the data compiled.Mustang South A total of 24 rock samples were collected across roughly northwest-southeast trending lines while prospecting and geologic mapping over the Mustang South portion of the Mustang Zone, with 16 samples averaging 2.68 grams gold per tonne (Au g/t) with a peak value of 12.14 Au g/t, with a range from 0.10 Au g/t to 12.14 Au g/t. Eight samples were collected east of the Mustang zone suggesting the presence of parallel mineralized zones. These samples averaged 1.05 Au g/t with a range from 0.44 Au g/t to 2.98 Au g/t.Mustang South TargetMustang South Target - Eastern PortionMustang Central A total of 18 samples were taken over the Mustang Central portion of the Mustang Zone, averaging 1.31 Au g/t, with a range from 0.17 Au g/t to 3.42 Au g/t. Samples were taken across the width of the projected target zone, over a strike length of approximately 260 meters from the northeast to southwest extent.Mustang and Piper North Zone The northern portion of the Mustang and Piper zones were sampled with 16 on the Piper North Zone averaging 1.31 Au g/t, and six samples on the Mustang North Zone averaging 3.58 Au g/t, with range from 0.84 Au g/t to 10.30 Au g/t. Only one historic drill hole has been completed on the Piper North Zone and the recent sampling suggests continuity to the north-east.Company President and CEO Mike England commented \"These surface results confirm the significant ...