Sky Intersects 5 Metres of 8.57 G/T GOLD and 2 Metres of 475.6 G/T Silver; Diamond Drilling at Clone GOLD Project Completed
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SKY INTERSECTS 5 METRES OF 8.57 G/T GOLD AND 2 METRES OF 475.6 G/T
SILVER; DIAMOND DRILLING AT CLONE GOLD PROJECT COMPLETED
Vancouver, British Columbia – September 26 th, 2019 – Sky Gold Corp. (TSX -V: SKYG)
(US:SRKZF) ("Sky Gold Corp." or the “Company”) is reporting all results from the 2019
diamond drill program on the Clone Gold Property. The program was comprised of 811 meters
drilled in six HQ -diameter diamond drill holes. Highlights of the latest assays include 5 meters of
8.57 Au and 2 meters of 475.6 Ag at shallow depths in drill hole SCL-19-03. As previously reported
(news release dated September 3, 2019), hole SCL -19-02 returned a highlight intercept of 124.6
grams per tonne of gold (g/t Au) over a drill interval of 4.1 meters from a depth of 5.0 metres
on the Main “H” Zone.
Main H Zone: Four holes were completed on the Main H zone target comprising 522.0 m.
Previously released 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 in these tables 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.
Recently received results from the last two holes on the Main H Zone target include:
**The intervals reported in these tables 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.
Drill holes SC-19-03 and SC-19-04 extend mineralization at the Main H Zone 45 metres vertically
from historic drilling and up to 25 metres to the northwest from historic hole CL -96-15.
Hole No. From (m) To (m) Interval
(m)** Au g/t Ag g/t Cu %
SCL-19-03 21.0 23.0 2 0.625 473.60 0.276
and 77.0 82.0 5 8.57 1.06 0.044
and 99.0 102.5 3.5 4.39 1.93 0.073
and 109.0 110.5 1.5 2.72 3.21 0.065
and 120.65 124.0 3.35 1.21 1.92 0.093
SCL-19-04 74.5 76.0 1.5 1.44 0.94 0.237
and 99.1 102.3 3.2 1.11 0.76 0.019
and 128.85 137.0 8.15 1.65 0.58 0.015
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Mineralization in all drill 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
and/or if visible gold is observed were subject to a procedure of screen metallic assaying. The high
Ag values (475.60 g/t Ag over 2.0 metres) returned in Hole SCL19 -03 at 21.0 meters represents a
new style of mineralization on the Clone property for which fu rther investigation is warranted.
Gossan Zone - located approximately 1.3 kilometres west of the Main H zone, where rock grab
sample geochemistry has returned strong gold values of 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. One drill
hole was drilled at the Gossan Zone, hole SCL 19 -05, which was 149 metres in length. No
significant Au, Ag or Cu values were returned.
Port 19 and Treble zones - located approximately 4.4 kil ometres west-northwest 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 1990s. Historical soil sampling results include five samples with greater than
one g/t Au (8.33 g/t, 6.68 g/t, 3.7 g/t, 1.66 g/t, 1.61 g/t). The over 200 ppb Au soil anomaly over
the Port 19 and Treble showings is 2.5 times the size of the Main H Zone soil an omaly. One drill
hole, Hole SCL 19-06 (140 metres length) was drilled in the Treble Zone and returned no significant
Au, Ag or Cu values.
“Although further desktop review targeting work will be required in order to explain the anomalous
regions at the Gossan, Port 19 and Treble Zones at Clone, the results from the Main “H” Zone are
encouraging and supportive of multiple zones of high -grade gold mineralization. Our technical
team will continue their compilation and interpretation work, with results directed towards plans
for a summer exploration 2020 program. With activities in the Golden Triangle closing for the field
season, the Company exploration activities will be directed to the Evening Star Project in Nevada,
which can be explored on a year -round basis.” states Mike England, CEO of Sky Gold Corp.
QA/QC Procedures
All drill core was logged, photographed, cut and sampled by Ridgeline personnel, on behalf of the
Company. Prior to shipment to ALS Global’s sample preparation facility in Terrace, BC, certif ied
reference material standards, blanks, and core duplicates were inserted at a ratio of approximately
1 in every 10 drill core samples. Samples were prepared in Terrace, B.C. by crushing the entire
sample to 70% passing -2mm, riffle splitting off 1kg and pulverizing the split to better than 85%
passing 75 microns. After preparation in Terrace, the prepared pulps were shipped to ALS Global’s
analytical laboratory in North Vancouver, BC. The gold assays were determined by Au -AA23 fire
assay method which reports results in parts per million (ppm) (equivalent to grams per tonne (g/t)),
Gold samples assaying over 5 g/t Au were analyzed using Au-GRA21 (Fire Assay with Gravimetric
finish). Base metal assays were first determined using the ME-MS41 method (Aqua digestion with
ICP-MS finish), which reports results as ppm. All analyses that reach the over limits of ME -MS41
were reanalyzed with an Ore Grade method. The analytical results are verified with the application
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of industry standard Quality Control and Qualit y Assurance (QA-QC) procedures.
About the Clone Project
The Clone Property is located situated approximately 20 kilometres southeast of Stewart, and 15
kilometres south of Ascot Resources’, advanced Red Mountain Project, in the southern portion of
the Golden Triangle. Years of receding snowpack, known as ablation, has revealed many new
targets never exposed to previous operators.
Diamond drill services were suppli ed by More Core Drilling Services Ltd., and pad building and
logistics were completed by Minconsult Exploration Services Inc. Ridgeline Exploration Services
Inc. of Kelowna, B.C., supplied geological supervision and project management.
About the Evening Star Project, Nevada
The Evening Star property is located 12 kilometres southeast of Hawthorne, NV, and approximately
3.2 km northeast of Newrange Gold Corp.'s Pamlico property. Targets include structurally
controlled gold and copper mineralization in intru sive rocks, carbonate replacement Ag, Pb, Zn,
and Cu; and carbonate replacement Au mineralization that may represent extensions of the historic
La Panta Mine. A total of 655 m of diamond drilling has been completed by the Company on the
property, and surface sampling by the Company (see news release dated January 16, 2018) of a new
target, that has never been drilled, known as the Golden Highlands zone, returned values up to 25.9
g/t Au, up to 318 g/t Ag, and up to 6.14 % Cu over an area of approximately 30 0 by 200 metres.
The property is permitted and ready for further drilling to commence.
Qualified Person
Catherine Fitzgerald, M.Sc., P.Geo., a Qualified Person under National Instrument 43 -101, is the
Qualified Person responsible for reviewing and approvi ng 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
Suite 1240 – 789 W. Pender St., Vancouver, BC V6C 1H2
www.skygoldcorp.com
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).