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Sky Gold Selects Drill Contractor for Mustang and Virgina Properties Contiguous to New Found Gold's Queensway Gold Project
VANCOUVER, BC / ACCESSWIRE / October 15, 2020 / Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) ("...
About this update from Sky Gold Corp.
[{"type":"text","content":"Sky Gold Selects Drill Contractor for Mustang and Virgina Properties Contiguous to New Found Gold’s Queensway Gold ProjectVANCOUVER, BC / ACCESSWIRE / October 15, 2020 / Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) (\"Sky Gold Corp.\" or the \"Company\") is pleased to announce that Cabo Drilling (Pacific) Corp. (\"Cabo\") has been retained to complete a minimum 3,000 meter diamond drill program on the Company's \"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\").\"Newfoundland is currently one of the hottest exploration areas in Canada, led by New Found Gold with an active 100,000-metre diamond drill program at its 100-percent-owned Queensway project. We are very excited to start drilling at targets such as the Outflow prospect where surface samples have been recorded as high as 28 grams per tonne gold (g/t Au) over 0.8 meters.\" stated Mike England, CEO of Sky Gold.This is the maiden drill program by the Company on the Mustang and Virginia properties, with targets defined by surface sampling, geological mapping and rock and soil geochemistry. Both the field contractors and the drill contractor will exercise COVID-19 operating protocols and safety measures as required.Cabo is a local company based in Springdale, Newfoundland with extensive experience having completed drill projects throughout the province. The drill will be mobilized in about three weeks with the initial sites located on the Virginia property, followed by drilling on the Outflow Prospect and Barite, Jasperoid and Road showings on the Mustang property.SKY GOLD'S NEWFOUNDLAND PROJECTS Virginia Property - The Virginia property is approximately 5.7 kilometres northeast of New Found Gold's drill hole NFGC-19-01 which intersected 92.86 grams per tonne gold over 19 metres (see Mexican Gold Corp. press release dated Jan. 26, 2020)*. The Virginia property comprises 100 hectares and is located 3.3 kilometres north-east of the village of Glenwood, which is situated on the Trans-Canada Highway. Results to date support the work completed in the early 1990's by Manor Resources Ltd. (\"Manor\"), and documented in Assessment File NFLD_2244, which reports two areas of mineralization (zone A-2). One showing comprised quartz veining developed over a 35 metr...