Diamond Drilling Underway ON the Main “H” Zone at the Clone GOLD Project, Golden Triangle, B.c. First TWO Holes Completed: Drilling Continues.
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DIAMOND DRILLING UNDERWAY ON THE MAIN “H” ZONE AT THE CLONE
GOLD PROJECT, GOLDEN TRIANGLE, B.C.
FIRST TWO HOLES COMPLETED: DRILLING CONTINUES.
Vancouver, British Columbia – August 7 th, 2019 – Sky Gold Corp. (TSX-V: SKYG)
(US:SRKZF)("Sky Gold Corp. " or the “Company”) is pleased to announce that its summer
diamond drill program has commenced on the Clone Gold Property, located in the prolific Golden
Triangle of British Columbia. The first two holes have now been completed an d will be sent to the
lab on a rush basis. To view ongoing developments on the project please visit our website for
photos.
Drilling began on the Main “H” Zone to test mineralization projections and extensions along strike
and down-dip, and plunge. Drill pad construction has also been completed on the Gossan Zone and
Port 19 targets, with construction currently taking place on the Treble Zone.
The Gossan and Treble zones have never been drilled and significant glacier ablation has resulted
in the identification of new mineralization showings and important structural features that aid the
layout of the proposed drill holes.
• The Gossan Zone – located a pproximately1.3 km west of the Main “H” Zone, is a high
priority target zone where rock grab sample geochemistry has returned strong gold values :
up to 37 g/t Au (sampling 1996, ARIS 23878). The mineralization at the Gossan Zone is
very similar to that of the Main “H” Zone.
• Port 19 and Treble Zones – located approximately 4.4 km west-north-west of the Main “H”
Zone, this target was prospected and geologically mapped in summer 2018 with significant
results obtained in both soil and rock grab sampling. There has been considerable glacial
abatement over the showing since the 1990’s. Historical soil sampling results includ e five
samples with greater than 1 g/t Au (8.33 g/t, 6.68 g/t, 3.7 g/t, 1.66 g/t, 1.61 g/t). The +200
ppb Au soil anomaly over the Port 19 and Treble showings is 2.5 times the size of the Main
“H” Zone soil anomaly.
“With gold hitting new highs in Canadian dollars our timing for undertaking drilling at the high
grade Clone Gold Project could not be better in terms of generating interest and excitement over
the prospects here.” stated Mike England, CEO of Sky Gold.
About the Clone Project
The Clone Property is situated approximately 20 kilometres southeast of Stewart, British Columbia,
and 15 kilometres south of the advanced Red Mountain Project, owned by Ascot Resources Ltd.,
located in the southern portion of the Gol den Triangle. The Clone Property has previously (1995 -
1997; Teuton Resources Corp. and Minvita Enterprise Ltd., financed by a major, Homestake
Mining Corp., and Murray Pezim's flagship company, Prime Resources Corp.) returned high-grade
diamond drill intercepts from multiple mine ralized zones. Years of receding snowpack, known as
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ablation, has revealed many new targets .
Diamond drill services for this program are supplied by More Core Drilling Services Ltd., and pad
building and logistics are conducted by Minconsult Exploration Services Inc. Ridgeline Exploration
Services Inc. of Kelowna, B.C ., supplies geological supervision and project management. Drill
target selection is aided by a successful 2018 field program, a 2018 high resolution magnetics
airborne survey, and a comprehensive compilation of all historic data with supportive 3D modeling
“The Company is very pleased with the progress on the Clone Project, and the start of drilling is a
significant milestone for the Company and the project”, reports Mike England, CEO of Sky Gold
Corp. “Despite i nclement and challenging weather conditions, our seasoned team of contractors
have successfully kicked off the 2019 program, and we are poised to build on discoveries made by
our field crews in 2018.”
Qualified Person
Catherine Fitzgerald, P.Geo., a Qualified Person under National Instrument 43-101, is the Qualified
Person responsible for reviewing and approving the technical contents of this news release as they
pertain to the Clone property.
About Sky Gold Corp.
Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and advancing
mineral properties across Canada’s top mining jurisdictions. The Company’s flagship asset is the
Clone high-grade gold project located in B.C’s Golden Triangle.
ON BEHALF OF THE BOARD
“Mike England”
Mike England, CEO&DIRECTOR
FOR FURTHER INFORMATION PLEASE
CONTACT: Telephone: 1-604-683-3995
Toll Free: 1-888-945-770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events
or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect
management’s current b eliefs and are based on assumptions made by and information currently available to the Company.
Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and
uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made
as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation
to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release
are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at
WWW.SEDAR.COM).
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