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Sky Gold Reports on Private Placement and Announces Commencement of Drilling on the Evening Star Project, Walker Lane Trend, Nevada
VANCOUVER, BC / ACCESS Newswire / April 15, 2026 / SKY GOLD CORP. ("Sky" or the "Company") (...
About this update from Sky Gold Corp.
Sky Gold Reports on Private Placement and Announces Commencement of Drilling on the Evening Star Project, Walker Lane Trend, NevadaVANCOUVER, BC / ACCESS Newswire / April 15, 2026 / SKY GOLD CORP. ("Sky" or the "Company") (TSXV:SKYG)(OTC PINK:SRKZF) announces the commencement of drilling by Titan Drilling of Elko, Nevada, at its Evening Star copper-gold project located in the Walker Lane mineral belt, Nevada.Sky Gold also wishes to report that the non-brokered private placement of up to 30 million units ("Units") at a price of $0.05 per Unit is filling rapidly with the placement set to close on April 21. Each Unit is comprised of one common share ("Share") and one transferable Share purchase warrant of the Company ("Warrant"). Each Warrant will entitle the Subscriber to purchase one Warrant Share for a 36-month period after the Closing Date at an exercise price of $0.08 per share.The drilling program at Evening Star has been designed to test multiple high-priority targets developed through integrated geological mapping, geochemistry, and geophysical interpretation.The interpreted copper-gold core of the porphyry system at High LifePolymetallic Au-Cu-Pb-Ag-Zn zones associated with carbonate replacement mineralization ("CRD") and massive sulphidesFigure 1. Plan view map of High Life showing a very strong magnetic anomaly in pink. Alteration mapping highlights the phyllic alteration (sericite and pyrite) surrounding the silica, copper-gold rich core. Figure 2. Section through High Life and CRD Hill with view to East. High Life porphyry is strongly resistive with a coincident 1-kilometer-wide magnetic high anomaly. CRD Hill is very conductive with a coincident large magnetic low. Qualified PersonThe scientific and technical information contained in this news release has been reviewed and approved by Danae Voormeij, P.Geo., Director of Sky Gold Corp., who is a Qualified Person as defined by National Instrument 43-101.QAQC and Sample MethodologyThe Company submits rock and drill core samples MSA Labs in Elko, Nevada, for gold content by Chrysos PhotonAssayTM technology. This process is non-destructive and analyzes 500-gram samples, which is more representative than the 50-gram sample required for Fire Assay method and this innovative method catches more gold in the sample, reducing the nugget effect.Samples are dried and crushed to P80 minus 2mm, and 500 grams ...