Sky GOLD Discovers New GOLD Target and Expands the Evening STAR Property, Nevada
SKY GOLD DISCOVERS NEW GOLD TARGET AND EXPANDS
THE EVENING STAR PROPERTY, NEVADA
Vancouver, British Columbia – November 30th, 2021 – Sky Gold Corp. (TSX-V:
SKYG) (US:SRKZF) ("Sky Gold Corp." or the “Company”) is pleased to announce
the discovery of another new mineralized occurrence that has returned high grade gold
and silver values on its Evening Star Property, located in Mineral County, Nevada.
Known as the “Towerview Zone”, the mineralization was discovered through
prospecting, followed by geological mapping, rock and soil sampling, in areas north of
the recently announced “High Life Copper Zone” (Press Release November 4, 2021).
A total of 6 5 rock samples (grab and chip samples *) have been taken over a trend
length of approximately 1.0 kilometer in a West -North-West direction, by
approximately 200 meters width. The arithmetic average is 2.00 7 parts per million
gold (Au ppm), 8.71 ppm silver (Ag), 1,115 ppm copper, 595 ppm lead (Pb) and 340
ppm zinc (Zn). Peak values were 18.210 ppm Au, 97.60 ppm Ag, and +10,000
ppm Cu (i.e. 1 Cu%) . Significantly, two samples comprising composite chips from
limonitic, fractured felsic granitoid units, at the entrance of a historic decline adit
returned 8.530 ppm Au (6.00 ppm Ag, 154 ppm Cu) across a 2.4 meter width (east
side), and 6.880 ppm Au (53.5 ppm Ag, and 1,210 ppm Cu) over 1.8 meter width
(west side). Table with all results are posted on the Company’s website,
http://skygoldcorp.com.
Seventeen (17) rock samples (*) returned +2.00 ppm Au (over 25% of the samples
taken) indicating widespread gold mineralization along the 1 kilometer strike length.
Two well defined gold anomalies have been identified (North-West (“NW”) Target and
South-East (“SE”) Target) and were further investigated with two soil grids over these
areas. In addition, stream sediments (silt) samples were collected over a much larger
area to determine if anomalous gold and copper values may be present in bedrock
away from the newly discovered Towerview target.
The Towerview target is located approximately 1.25 to 2.00 kilometers North-North-
West of the center of the High Life Copper Zone. An additional 28 unpatented mineral
claims have been staked and filed with the County to cover the new gold target. The
gold mineralization is hosted in sheared and altered granitic rocks. Minor oxide copper
mineralization was observed (malachite, azurite, chrysocolla), associated with quartz
veins, veinlets, limonitic microfractures . Numerous historic workings were observed
and sampled, comprising shallow shafts, declines, and trenches. Old, overgrown trails
exist but no signs of modern mechanized exploration have been found. This suggesting
that the targets were never drilled with modern equipment. To date no data or records
have been uncovered on the historic workings and it is estimated they may be about
a century old.
The Company has also completed a preliminary soil sampling survey over two areas
approximately 200 by 200 meters each, over the SE target. Peak values in soil samples
were 2.830 ppm Au, 10.40 ppm Ag, 930 ppm Cu, 1,370 ppm Pb, and 800 p pm Zn.
The arithmetic average for the soil samples (45 samples) was 0.171 ppm Au, 0.6 ppm
Ag, 141 ppm Cu, 99 ppb Pb, and 119 ppm Zn. The 90% percentile values (indicative
as strongly anomalous for gold) were 0.206 ppm Au, 4.3 ppm Ag, 314 ppm Cu, 150
ppm Pb and 205 ppm Zn.
The gold-in-soil results are interpreted as strongly anomalous, with good correlation
with copper and silver. The soil samples results are supportive of the anomalous values
obtained from the rock sampling program which were conducted over a much larger
area.
* The reader is cautioned that grab rock samples, while not representative of the grade of
mineralization of an occurrence or target, are useful in determining prospectivity and geological
features.
Rock and soil samples were taken by a contract geologist under supervision of a
Company representative. Samples were securely shipped and received by Paragon
Geochemical, an ISO (International Organization for Standardization) accredited assay
laboratory, in Sparks, Nev., with chain -of-custody documentation through delivery.
Mineralized commercial reference standards and blank standards are inserted into the
sample stream.
Following the receipt of pending assays from the stream sediment and additional soil
and rock sampling on the new Towerview zone, the Company will also be making
application with the Bureau of Land Management to complete a n expanded drill
program. To date, the Evening Star property has received permits for 1.46 acres of
disturbance, under a Notice of Intent, which allows for up to five acres of surface
disturbance. EM Strategies, based in Reno, Nev ada, will be contracted to assist with
the new permit submittal.
Qualified Person
Garry Clark , P.Ge o., a Qualified Person under National Instrument 43 -101, and
Independent Director of Sky Gold, is the Qualified Person responsible for reviewing
and approving the technical contents of this news release as they pertain to the
Evening Star property.
About Sky Gold Corp.
Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and
advancing mineral properties in Canada and the USA. The Company is active in
Newfoundland on the Mustang and Virginia properties, which are located contiguous
to New Found Gold Corp’s Queensway project, where high-grade gold mineralization
has been discovered, with the district being actively explored by numerous companies.
The Company owns the Evening Star property, located 12 km southeast of Hawthorne,
NV, which is prospective for gold mineralization and CRD (Carbonate Replacement
Deposit) base and precio us (silver and gold) mineralization. The Company owns the
Imperial Project comprising two contiguous claim blocks (6,576 hectares) prospective
for gold and VMS (volcanogenic massive sulphide) mineralization and covers 4.7
kilometres of the northern border with Amex Exploration's Perron property in Quebec,
where high-grade gold has been intersected in three zones along a 3.2 km corridor.
ON BEHALF OF THE BOARD
“Mike England”
Mike England, CEO & Director
FOR FURTHER INFORMATION PLEASE CONTACT:
Tel. 1-604-683-3995
Toll Free. 1-888-845-4770
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 bel iefs 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).