Wildsky Resources Inc. Receives Assay Results for Tailings Drill Program
Wildsky Resources Inc. Receives Assay Results for
Tailings Drill Program
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2018) -
Wildsky Resources Inc.
(formerly China Minerals Mining
Corporation)
(TSXV:
WSK
) (OTC Pink: HWTHF)
(the "Company")
announces that the company has received final assay
results from
the 2018 drilling program on the historic tailings deposit at its Table Mountain property.
In July 2018, 512 metres was drilled in 128 holes to test the gold content of the historic 'Erickson Gold Mine' tailings deposit at
the Table Mountain property.
Results for the tailings samples average 1.254 grams gold per tonne and range between 0.506
and 6.670 ppm Au (equivalent to grams gold per tonne; see table).
Thickness of the deposit averages 4.0 metres and ranges
between 1.2 and 7.0 metres.
Gold is present throughout the deposit and is slightly higher (> 1.0 g/t Au) in the western half (see
map below).
Wildsky
Resources 2018 Tailings
D
rilling
A
ssay
R
esults
Hole
Length(m)
Au_(ppm)
Hole
Length(m)
Au_(ppm)
L001
3.81
1.480
L065
3.51
0.850
L002
3.96
1.095
L066
3.96
0.705
L003
4.57
1.020
L067
3.66
0.984
L004
3.96
0.985
L068
4.27
1.125
L005
4.88
1.045
L069
5.49
1.185
L006
4.27
0.954
L070
4.57
1.695
L007
3.96
0.997
L071
6.71
1.310
L008
4.36
0.854
L072
2.29
1.500
L009
4.88
1.600
L073
6.71
0.884
L010
3.11
0.925
L074
4.27
0.980
L011
3.05
1.680
L075
3.51
1.965
L012
3.11
1.650
L076
2.13
1.985
L013
3.51
1.285
L077
4.27
0.905
L014
3.51
1.110
L078
1.52
0.862
L015
3.81
0.938
L079
2.74
1.205
L016
3.66
1.070
L080
1.68
1.325
L017
4.27
0.998
L081
3.20
0.846
L018
4.11
0.986
L082
3.35
0.747
L019
3.96
1.195
L083
3.08
0.931
L020
4.27
0.758
L084
3.96
0.744
L021
3.05
1.080
L085
3.66
1.060
L022
4.88
0.884
L086
3.66
0.939
L023
3.35
0.957
L087
3.66
0.946
L024
4.88
1.345
L088
3.35
0.816
L025
2.74
1.190
L089
3.66
1.385
L026
5.18
1.630
L090
4.33
0.984
L027
4.60
1.045
L091
1.83
1.685
L028
5.18
1.180
L092
5.79
0.865
L029
4.42
0.882
L093
5.49
1.820
L030
3.96
1.030
L094
7.01
1.040
L031
2.74
1.185
L095
2.74
6.670
L032
3.35
1.085
L096
5.64
1.140
L033
4.57
1.020
L097
5.18
1.830
L034
3.96
1.145
L098
3.96
0.938
L035
4.57
0.919
L099
3.66
0.956
L036
3.35
0.841
L100
3.96
0.926
L037
3.35
0.954
L101
3.66
0.904
L038
3.35
0.974
L102
4.27
1.190
L039
3.66
1.040
L103
4.27
0.943
L040
3.35
1.165
L104
3.66
0.772
L041
3.81
1.070
L105
3.66
1.055
L042
3.66
0.880
L106
4.88
1.265
L043
3.66
1.220
L107
6.10
0.966
L044
3.96
0.638
L108
5.18
3.550
L045
3.51
1.155
L109
2.74
0.781
L046
4.57
1.015
L110
5.18
1.135
L047
2.44
0.865
L111
1.83
1.000
L048
5.49
0.883
L112
5.18
1.100
L049
5.18
0.767
L113
1.83
5.810
L050
5.49
0.806
L114
1.52
3.880
L051
4.57
1.770
L115
3.96
0.937
L052
4.27
4.180
L116
4.27
0.871
L053
3.35
2.130
L117
3.96
0.858
L054
5.49
0.840
L118
3.66
0.922
L055
2.90
1.840
L119
5.49
0.886
L056
3.96
0.847
L120
5.49
1.205
L057
1.22
1.775
L121
6.10
1.135
L058
3.66
1.140
L122
4.27
1.210
L059
3.35
0.944
L123
3.96
1.430
L060
3.20
0.924
L124
2.44
0.506
L061
3.20
0.909
L125
5.64
1.765
L062
3.66
0.888
L126
5.64
1.755
L063
3.66
0.902
L127
4.57
1.235
L064
3.66
0.824
L128
6.71
1.270
This deposit has dimensions of approximately 175 x 150 x 4 metres, with an estimated volume of 105,000 cubic metres of
tailings.
The holes were drilled at a regular spacing of approximately 25 metres with a sonic drill.
Each hole was 7.6 centimeters
in diameter and the holes averaged 4 metres in depth.
Hole collar positions were located using a field grid and hand held GPS.
The cored material was collected in plastic tubes, which were then cut in half lengthwise.
Figure 1. Wildsky
Resources 2018 Tailings
D
rilling
Map
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4505/40603_140c6593c4c45812_002full.jpg
One half of the cored sample for each hole was bagged and shipped to ALS Laboratory Group Minerals Division in Whitehorse,
YT for sample preparation, with geochemical analysis completed at ALS in North Vancouver, BC.
ALS is an independent
commercial laboratory that meets all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015.
Analysis
was by fire assay method using a 50 gram subsample, with the gold measured by ICP (analytical limits of 0.001-10 ppm Au).
The other half of the cored tailings was shipped to Bureau Veritas - Metallurgical Division in Richmond, BC for metallurgical
testing.
Bureau Veritas is also an independent commercial laboratory that is compliant with ISO 9001 and with ISO/IEC 17025.
QA/QC measures included a suite of 9 check assays performed by Bureau Veritas on rejects from ALS.
Analyses at Bureau
Veritas were by fire assay method using a 30 gram subsample, with the gold measured by Atomic Absorption (analytical limits
of 0.005-10.000 g/t Au).
Compared to the initial laboratory results, the check assays differed by -40% to +10% (average -12%).
This amount of difference may be attributed to the presence of coarse gold giving rise to a nugget effect.
Metallurgical testing is underway to assess recovery by gravity separation.
Results are expected in the coming months.
In addition, the Company is awaiting results from its 2018 soil sampling program conducted over the Lucky prospect, where
results from historic 1986 sampling revealed highly elevated gold in soil values.
The Lucky prospect is essentially untested by
drilling.
The technical disclosure in this news release was approved by Dr. Matt Ball, P.Geo., independent consultant to the Company
and Qualified Person as defined by National Instrument 43-101.
About
Wildsky
Resources Inc.
Wildsky Resources Inc. is a Canadian based exploration and development company with office located in Vancouver, B.C. The
Company's goal is to create value for shareholders through continuously exploring and developing its current properties in BC
and at the same time looking for new properties to acquire through its international connections.
For more information on Wildsky Resources, please contact the Company at (778) 889-4966, or visit the Company's website at
www.wildskyresources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"signed by Wenhong Jin"
Wenhong Jin
President and CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in t
he policies of the TSX Venture
Exchange) accepts responsibility for the adequacy of accuracy
of this release.
Cautionary Statement Regarding "Forward-Looking" Information
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning
the specific factors disclosed here and elsewhere in Wildsky Resources' periodic filings with Canadian securities regulators.
When used in this news release, words such as "will", "could", "plan", "estimate", "expect", "intend", "may", "potential", "appear",
"should," and similar expressions, are forward-looking statements.
Although Wildsky Resources has attempted to identify important factors that could cause actual results, performance or
achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause
results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or
results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward looking
statements may differ materially from actual results or events.
Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this
news release are made as of the date of this news release, and Wildsky Resources disclaims any intention or obligation to
update or revise such information, except as required by applicable law.