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Wildsky Resources Inc. Identifies Gold Anomaly at Lucky Soil Grid
Vancouver, British Columbia--(Newsfile Corp. - November 6, 2018) - Wildsky Resources Inc. (for...
About this update from Wildsky Resources Inc.
[{"type":"text","content":"Wildsky Resources Inc. Identifies Gold Anomaly at Lucky Soil GridVancouver, British Columbia--(Newsfile Corp. - November 6, 2018) - Wildsky Resources Inc. (formerly China Minerals Mining Corporation) (TSXV: WSK) (OTC Pink: HWTHF) (the \"Company\") announces that it has received final results from the 2018 soil geochemical program on the Lucky grid at its Cassiar Gold project. Results from 1195 soil samples collected over the Lucky grid in the northern part of the property indicate highly elevated gold values. Gold results for soil samples average 0.23 ppm Au (equivalent to grams gold per tonne) and range between the upper analytical limit of 25.0 ppm Au to less than the 0.02 detection limit. Of the total, 49 samples (4%) returned results higher than 1.0 ppm gold (>1.0 g/t Au) and are considered highly anomalous. A further 299 samples (25%) are considered anomalous with values between 0.10 and 0.99 ppm (g/t Au). An area of approximately 1000 by 400 metres in the central area of the grid contains most of the anomalous gold values, with outlying anomalous areas to the northwest and southeast (see map below). The results confirm and extend highly elevated gold values in historic soil samples. Field examination indicates the higher gold values are associated with zones of rusty-weathering, disseminated pyrite in carbonate altered volcanic rocks that locally contain quartz veins. These mineralized zones are similar to areas of gold mineralization at the nearby Taurus prospect, where underground and trench mining was done between 1980 and 2000. The Lucky prospect is untested by drilling so the Company will be planning follow-up work in 2019 leading to drilling. The soil sampling was done at 20 metre spacings along grid lines spaced 50 meters apart and extending about 0.5 to 1.0 km in length. The lines were oriented due east in the northern half of the grid and due north in the southern half of the grid area for practical reasons due to topography. Samples were collected from a relatively thin veneer of soil that is developed in the alpine area of the Lucky grid. Samples were collected in paper soil sample bags and shipped to ALS Laboratory Group Minerals Division in Whitehorse, YT for sample preparation, with geochemical analysis completed at ALS in North Vancouver, BC. ALS is an independent commercial laboratory that meets all requ...