Visible GOLD Intersected from Diamond Drilling ON the Clone GOLD Project Phase One of Clone Diamond Drill Program Complete
Suite 1240 – 789 W. Pender St., Vancouver, BC V6C 1H2
www.skygoldcorp.com
VISIBLE GOLD INTERSECTED FROM DIAMOND DRILLING ON THE CLONE
GOLD PROJECT
PHASE ONE OF CLONE DIAMOND DRILL PROGRAM COMPLETE
Vancouver, British Columbia – August 22 nd , 2019 – Sky Gold Corp. (TSX-V: SKYG)
(US:SRKZF)("Sky Gold Corp." or the “Company”) is very pleased to announce that Phase One
of the Clone Gold Project diamond drill program is now complete and that visible gold * was
intersected in three intervals in drill hole SCL-19-02, from within the Main “H” Zone (see photos
on the Company’s website ). In addition, the Treble Zone, drilled for the first time, showed
favourable alteration and visible sulphide mineralization*. The Phase One drill program comprised
811 metres drilled in six HQ -diameter diamond drill holes and was designed to confirm historical
results and to test new areas, such as the Treble Zone. In order to potentially unlock more gold than
previously identified in the system, the Company is the first operator to compile historic data in
three dimensions for use as a t argeting tool; to drill HQ -diameter core; and to introduce metallic
sieving procedures at Clone. Development of the Phase Two drill program at Clone will be initiated
based on upcoming assay results from the Phase One program.
Some highlights of the Phase One drill program include:
• Main “H” Zone – Four diamond drill holes, totaling 512 metres, have now been completed
on the Main “H” Zone target. These holes were designed to confirm historical drill results
and to test extensions along strike, down dip and down plunge of the known mineralization.
Hole SCL-19-02 was located near the “bulk sample” taken in 2011 by a previous operator
(see Company Press Re lease dated 12 October 2017 ), when 102 ton s averaged 137.1 g/t
gold (4.0 oz/ton gold). This hole twinned historic hole CL96 -110 (which returned 116.2 g/t
gold over a 3.5 metre intercept) and intersected visible gold* in three intersections: at 5.9 m,
6.3 m and 9.0 m depth down hole ; all associated with strong hematite alteration. Strong
hematite alteration, along with quartz and hematite veining, are favorable indications of gold
mineralization in the Main “H” Zone .
• Treble Zone – The Treble Zone is located approximately 4.4 kilometres west-northwest of
the Main “H” zone and soil sampling in this area during the Company’s 2018 exploration
program included 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). One drill hole was completed at Treble, SCL19-06 (150 metres length), which
was collared in g ray 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.
• Gossan Zone - The Gossan Zone is located approximately 1.3 kilometres west of the Main
“H” Zone, and is a high priority , 50 by 200 m target area where r ock grab sample
geochemistry 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
Suite 1240 – 789 W. Pender St., Vancouver, BC V6C 1H2
www.skygoldcorp.com
drill hole was completed at Go ssan, SCL19-05 (149 metres in length), which was collared
in green volcanics and showed visible sulphide mineralization * including pyrite and
chalcopyrite, noted locally throughout the entire hole.
*Occurrence of visible gold, favorable alteration and veining, and/or sulphide mineralization, while
encouraging, are not definitive indications of any significant precious metal values and should not be
relied upon. To date, the Company has received no assays on the C lone 2019 drill program”
Given the encouraging visual results of the Phase One drill p rogram at the Clone Property, the
Company will be designing a Phase Two program to be undertaken once assay results from Phase
One are received. Drilling equipment and support materials will rema in on the Property, with the
proposed Phase Two program anticipated to begin in September. Core samples from the Phase One
program have been sent to ALS Global - Geochemistry of Terrace, British Columbia, Canada for
preparation and pulps sent to ALS Global - Geochemistry Analytical Lab of North Vancouver,
British Columbia, Canada for assaying.
“The preliminary drill indications from both the Main “H” Zone and the Treble Zone targets are
encouraging and the Company eagerly awaits receipt of the first round of assays from the
laboratory, prior to initiating a Phase Two drill program, this Septembe r,” states Mike England,
CEO of Sky Gold Corp.
About the Clone Project
The Clone Property is located approximately 20 kilometres southeast of Stewart, British Columbia,
Canada, and 15 kilometres south of Ascot Resources Ltd., advanced Red Mountain Project, in the
southern portion of the prolific Golden Triangle. The Clone property has previously returned high-
grade diamond drill intercepts from multiple mineralized zones (1995 -1997; Teuton Resources
Corp. and Minvita Enterprise Ltd., f inanced by a major, Homestake Mining Corp., and Murray
Pezim's flagship company, Prime Resources Corp.). Years of receding snowpack, known as
ablation, has revealed many new targets never exposed to previous operators.
Diamond drill services 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.
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
Suite 1240 – 789 W. Pender St., Vancouver, BC V6C 1H2
www.skygoldcorp.com
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).