Sky GOLD Intersects 124.6 G/T GOLD over 4.1 Meters IN Drill Hole Scl - 19-02 ON the Clone GOLD Project
Suite 1240 – 789 W. Pender St., Vancouver, BC V6C 1H2
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SKY GOLD INTERSECTS 124.6 g/t GOLD OVER 4.1 METERS IN DRILL HOLE SCL -
19-02 ON THE CLONE GOLD PROJECT
Vancouver, British Columbia – September 3 rd, 2019 – Sky Gold Corp. (TSX-V: SKYG)
(US:SRKZF) ("Sky Gold Corp." or the “Company”) is pleased to report assay results from the
first two diamond drill holes for the 2019 drill program at its 100%-owned Clone Gold Project (“the
Project”) located in British Columbia’s prolific Golden Triangle . Both drill holes intersected gold
mineralization: hole SCL -19-01 intersected 85.2 g/t over 0.9 metres and SCL -19-02 intersected
124.6 g/t Au over 4.1 metres, both within the Main “H” Zone. Mineralization in the Main “H” zone
extends for over 300 m along strike.
Significant results from the first two holes include:
Hole No. From (m) To (m) Interval (m)* Au g/t Ag g/t
SCL-19-01 67.5 68.4 0.9 85.2 14.2
or 67.5 70.5 3.0 25.78 4.6
and 97.0 105.0 8.0 1.20 1.8
and 120.5 122.9 2.4 2.10 0.6
SCL-19-02 5.0 9.1 4.1 124.6 5.6
and 9.1 12.0 2.9 1.06 0.8
*The intervals reported represent drill intercepts and insufficient data are available at this time to state the true thickness of the
mineralized intervals. All gold values are uncut.
• Main “H” Zone – Four holes have been completed on the Main “H” Zone target, with assay
results received for the first two holes. Hole SCL-19-01 was collared approximately 20 m
northeast of hole SCL -19-02 and was drilled in a southerly direction to test along-strike
extension of multiple zones of gold mineralization previously identified in historic drilling.
Hole SCL-19-02 was designed to test gold mineralization near the bulk sample site, collected
in 2011 (refer to Company Press Release 2017 -October-12) when 102 tons averaged 137.1
g/t gold. Mineralization in both holes is associated with strong hematite alteration, also
reflected in high iron values (up to 24.0% iron) in the high gold intervals. All core intervals
returning over 5 g/t Au will be subject to the screen metallic assaying procedure, assays of
which are pending.
Samples from drill hole SCL -19-06, located in the Treble zone and 4.4 km from the Main “H”
Zone, have been sent for assay on a rush basis. This 150 m hole represents the first hole ever drilled
in this part of the property and collared in gray volcaniclastic units that showed favorable
indications of strong limonite, sericite, quartz veining and visible sulphide mineralization including
pyrite, chalcopyrite and sphalerite, noted locally throughout the hole to a depth of 140 m.
The Phase One drill program comprised 811 m drilled in six HQ-diameter diamond drill holes and
Suite 1240 – 789 W. Pender St., Vancouver, BC V6C 1H2
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was designed to confirm and expand gold mineralization within the Main “H” Zone , as well as to
drill test new exploration targets such as the Treble and Gossan Zones . The Company is the first
operator to digitize and compile all historic data from the project in three dimensions for use as a
modelling and targeting tool; to drill HQ -diameter core in order to reduce nugget effect ; and to
introduce metallic sieving procedures in order to better assay for pos sible coarse gold at Clone.
Development of the Phase Two drill program at Clone will be initiated based on upcoming assay
results.
“The results from the first two holes on the Main “H” Zone are very encouraging and indicate
multiple zones of high-grade gold mineralization. We look forward to receiving the remaining
assays from the Phase One program which will be crucial in helping us plan and target for our
upcoming Phase Two program which we plan to undertake this fall ” states Mike England, CEO of
Sky Gold Corp.
Quality Assurance/Quality Control P rocedures
All drill core was logged, photographed, cut in half and sampled by Ridgeline Exploration Services
Inc. (“Ridgeline”) personnel, consultants to the Company for the 2019 drill program at Clone. Prior
to shipment to ALS Globals ’ sample preparation facility in Terrace, B .C., certified reference
material standards, blanks, and core duplicates were inserted at a ratio of approximately one in
every 10 drill core samples as part of the Company’s Quality Assurance/Quality Control
(“QA/QC”) program. Samples were prepared in Terrace, B.C. by crushing the entire sample to 70%
passing -2 mm, riffle splitting off 1 kg, and pulverizing the split to better than 85% passing 75
microns. After preparation in Terrace, the prepared pulps were shipped to ALS Globals ’ analytical
laboratory in North Vancouver, BC. The gold assays are determined by the Au-AA23 fire assay
method which reports results in parts per million (ppm) (equivalent to grams per tonne [g/t]). Gold
samples returning results over 10 g/t Au were then analyzed using Au -GRA21 (Fire Assay with
Gravimetric finish). All core intervals returning over 5 g/t Au will be subject to the screen metallic
assay procedure.
Base metal assays are first determined using the ME -MS41 method (Aqua digestion with ICP -MS
finish), which reports results as parts per million (ppm). All analyses that reach the over limits of
ME-MS41 are re-analyzed with an Ore Grade method. The analytical results are verified with the
application of industry standard Q A/QC procedures.
About the Clone Project
The Clone Project is located situated approximately 20 km southeast of Stewart , B.C., and 15 km
south of Ascot Resources Ltd., advanced Red Mountain Project, in the southern portion of the
Golden Triangle. The Clone Project has previously returned high -grade diamond drill intercepts
from multiple mineralized zones (1995 -1997; Teuton Resources Corp. and Minvita Enterprise Ltd.,
financed by a major, Homestake Mining Corp., and Murray Pezim's flagship company, Prime
Suite 1240 – 789 W. Pender St., Vancouver, BC V6C 1H2
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Resources Corp.). Years of receding snowpack, known as ablation, has revealed many new targets
never exposed to previous operators.
Diamond drill services were supplied by More Core Drilling Services Ltd. and pad building and
logistics were conducted by Minconsult Exploration Services Inc. Ridgeline Exploration Services
Inc. of Kelowna, B.C., supplied geological supervision and project management.
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 project.
About Sky Gold Corp.
Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and advancing
mineral properties ac ross 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).