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Sky Gold Update on Geophysical Surveys for Silver-Rich Targets on The Evening Star Property, Nevada
VANCOUVER, BC / ACCESSWIRE / March 17, 2021 / Sky Gold Corp. (TSX-V:SKYG)(OTC PINK:SRKZF) ("S...
About this update from Sky Gold Corp.
[{"type":"text","content":"Sky Gold Update on Geophysical Surveys for Silver-Rich Targets on The Evening Star Property, NevadaVANCOUVER, BC / ACCESSWIRE / March 17, 2021 / Sky Gold Corp. (TSX-V:SKYG)(OTC PINK:SRKZF) (\"Sky Gold Corp.\" or the \"Company\") is pleased to report on two geophysical surveys completed on its Evening Star Property, located in Mineral County, Nevada. The Company awaits assays from the remaining 17 holes drilled at its Mustang Project located in Newfoundland.The Evening Star property is located 12 kilometers southeast of the town of Hawthorne, and is contiguous to the Pamlico property, owned by Newrange Gold Corp.The Evening Star property covers two historic, formerly producing mines; the Evening Star mine and the Gold Bug mine, and is prospective for gold, silver, and base metal mineralization in several deposit types. One objective of the recent surveys was to assist the targeting of silver-rich skarn and/or Carbonate Replacement Deposit (\"CRD\") mineralization encountered in a single diamond drill hole in 1970 (exact collar location unknown) which were reported to have returned the following historic intercepts:Silver equivalent (Ag Eqv) values are calculated assuming 100-per-cent recovery using $24.00 (U.S) per oz Ag, $3.50 per pound Cu, $0.95 per pound Pb, and $1.25 per pound Zn. The company is disclosing results on a silver equivalent basis due to the overall silver-dominant value of the mineralization. It was confirmed by the geologist on the historic 1970 drill hole that it was not assayed for gold.The reader is cautioned that these historic drill hole results from 1970 were completed prior to the implementation of National Instrument 43-101 and must be considered only as a historic reference. Neither the Company nor its Qualified Person have completed sufficient work to verify this historic drill hole, and they should not be relied upon. Magee Geophysical Services based in Reno, Nevada completed a ground magnetic and gravity survey over the northern portion of the Evening Star property with detailed 33-meter line spacing in the target area of the 1970 drill hole. Interpretation and review were completed by Wright Geophysics based in Elko, Nevada. The detailed portion of the ground magnetics and gravity surveys were conducted over 0.4 square kilometers, and the larger survey at 66-meter spacing covered approximately 5.8 s...