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Sky Gold Resumes Drilling at The Mustang Project, Newfoundland
VANCOUVER, BC / ACCESSWIRE / January 8, 2021 / Sky Gold Corp. (TSX-V:SKYG) (OTC PINK:SRKZF) (...
About this update from Sky Gold Corp.
[{"type":"text","content":"Sky Gold Resumes Drilling at The Mustang Project, NewfoundlandVANCOUVER, BC / ACCESSWIRE / January 8, 2021 / Sky Gold Corp. (TSX-V:SKYG) (OTC PINK:SRKZF) (\"Sky Gold Corp.\" or the \"Company\") reports that the diamond drill program has resumed on the Company's Mustang Property contiguous to the Queensway Gold Project owned by New Found Gold Corp. (\"New Found Gold\"). Previously seven holes were completed on the Mustang Property, comprising 1,321 meters, with assays pending.As reported (Press Release December 30, 2020) hole MT-20-06 contained fine grained visible gold at ~260 meters down the hole. This interval and other selected intervals (quartz veining, brecciation and silicification, and quartz stockwork, with associated sulphides (pyrite, arsenopyrite, sphalerite)) from Hole MT-20-06 and MT-20-07 have been split and sampled and have been \"rushed\" for gold assaying at Eastern Analytical Ltd., in Springdale, Newfoundland, an ISO 17025 certified laboratory. Logging, core cutting and sampling is ongoing from a facility established in Gander.Drilling on the Mustang property has been contracted to Cabo Drilling (Pacific) Corp. with a minimum 3,000-metre diamond drill program over multiple target locations situated within the highly prospective Gander gold district. Drilling in 1st quarter 2021 will also investigate the Barite, Jasperoid and Road Breccia showings on the western portion of the Mustang property, which have never been drilled. Recently completed trenching and soil geochemistry results are also pending.Company President and CEO Mike England commented \"The Company is excited to resume drilling activities on the Mustang property. We welcome the surface rock and soil geochemistry results shortly and \"rushed\" assay results from sections of hole MT-20-06 and 07.\"All of the Company's field activities are conducted under Federal and Provincial COVID-19 operating protocols and safety measures as required. Planet X Exploration Services Ltd.'s field crews, retained through Grassroots Prospecting, a local, Newfoundland-based prospect generation company, are undertaking all field and drill activities on the Company's Newfoundland properties.SKY GOLD'S NEWFOUNDLAND PROJECTS Virginia PropertyThe Virginia property comprises 100 hectares and is approximately 5.7 kilometres northeast of New Found Gold's drill hole NFGC-19-01 wh...