Sky GOLD Receives Drill Permit FOR Clone Property
Suite 1240 – 789 W. Pender St., Vancouver, BC V6C-1H2 Phone: 604-683-3995 Fax: 604-683-3988
www.sunvestminerals.com
SKY GOLD RECEIVES DRILL PERMIT FOR CLONE PROPERTY
Vancouver, British Columbia – May 30 th, 2019 – Sky Gold Corp. (TSX-V: SKYG)
(US:SRKZF)("Sky Gold Corp." or the “Company”) is pleased to announce that it has received
approval from the British Columbia Ministry of Energy and Mines for a work permit on the
Company’s keystone asset, the Clone Property, located in the prolific Golden Triangle. The Mines
Act permit ( MX-1-128) allows for drilling from 25 drill sites, and 10 trench areas over a 5-year
period. The work permit covers the expanded Clone property and includes the newly (2018)
discovered Southern Glory Prospect, which returned 6.45% Cu, 162 g/t Ag, 0.11 g/t Au, (1 m chip
sample), and 4.11% Cu, 160 g/t Ag, 0.52 g/t Au, (1 m chip sample).
The Company is reviewing diamond dri ll contractor bids, with a drill program planned to
commence in July. This will be the maiden drill program by the Company and the first drilling on
the Clone property since 2016. Target selection has been aided by a successful 2018 field program,
a 2018 high resolution magnetics airborne survey, and a comprehensive compila tion of all historic
data with supportive 3D modeling. Targets include:
• Main “H” Zone – test extensions and trends along strike and down-dip, and plunge, based
on 3D modeling o f this zone which previously has returned drill intercepts of: 7. 92 m of
20.22 g/t Au (Hole #16), 7.92 m of 30.37 g/t Au (Hole #21), and 12.80 m of 44.75 g/t Au
(Hole #28).*
• Port 19 and Treble Zones – located approximately 1.0 km west of the Main “H” Zone, this
historic prospect 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. Soil sampling results including 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 Clone soil
anomaly.
• The Outbound Prospect - covers an area approximately 2.0 by 1.0 kilometers and has seen
extensive glacial ablation and reduction of snow pack in the last two decades. Prospecting
in the summer 2018 program returned multiple rock samples returning in excess of 0.10 %
Cu and a peak value of 0.56 % Cu, silver values up to 132 g/t Ag, and gold values in soil
samples up to 1.04 g/t Au.
*The intervals reported above represent drill intercepts and insufficient data is available at this time to
state the true thickness of the mineralized intervals. All gold values are uncut.
“Receipt of the work permit and commencement of the drill program represent significant
milestones for the Company. We are looking forward to a n exciting field season at Clone. Our
understanding of the property is the best it has ever been and we are poised to build on discoveries
made by our field crews in 2018 , during our 2019 field campaign .” stated Mike England, CEO of
Suite 1240 – 789 W. Pender St., Vancouver, BC V6C-1H2 Phone: 604-683-3995 Fax: 604-683-3988
www.sunvestminerals.com
Sky Gold Corp.
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).