Wildsky Resources Inc. Receives Metallurgical Results for Tailings
Wildsky Resources Inc. Receives Metallurgical Results
for Tailings
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2018) - Wildsky Resources Inc. (formerly China Minerals Mining
Corporation)
(TSXV:
WSK
) (OTC Pink: HWTHF)
(the "Company")
announces that it has received initial metallurgical test
results for gravity gold recovery from the 2018 drill samples of tailings at its Cassiar Gold project.
Results for metallurgical testing of tailings show good potential for gold recovery by centrifugal gravity concentration.
Initial results
were received for two splits from composite samples of tailings, collected in 2018 from drill holes at the Table Mountain mine
tailings deposit.
The splits were processed by centrifugal concentration (Knelson concentrator).
Two 20 kg sample splits were
subjected to three sequential passes through a concentrator with assays performed on the concentrate at each stage, as well as
upgrading of the concentrate by hand panning with assays of the panned concentrate and pan tails at each stage.
Sample 1 was
split from a composite of half core samples of moist (wet) material submitted for metallurgical testing, and Sample 2 was
obtained from composited dry assay reject material (see tables below).
For Sample 1, the concentrate grades are 34.45, 96.32 and 79.58 g/t Au (grams gold per tonne) from Pass 1, 2 and 3,
respectively.
For Sample 2, the concentrate grades are 146.09, 87.77 and 64.07 g/t Au from Pass 1, 2 and 3, respectively.
For Sample 1, the upgraded concentrate (panned Knelson concentrate) grades are 621.68, 9405.59 and 7227.12 g/t Au from
Pass 1, 2 and 3, respectively.
For Sample 2, the concentrate grades are 6217.94, 1425.72 and 1024.61 g/t Au from Pass 1, 2
and 3, respectively.
Gold recoveries are 10.6%, 57.9% and 71.9% for Pass 1, 2 and 3, respectively (Sample 1), and 52.5%, 62.5% and 67.5%
respectively (Sample 2).
The calculated head grades are higher than the assayed grades.
The assayed head grade is 0.941 g/t Au for Sample 1 and
1.084 g/t Au for Sample 2.
The calculated feed grade from the process tests are 2.56 g/t Au for Sample 1 and 2.18 g/t Au for
Sample 2.
The Company considers these results very significant because they indicate potential for concentrate grades that are
acceptable for transport off site.
The results also indicate that processing by flotation concentration may not be required. In
addition, the calculated head grades suggest the gold content of the tailings may be higher than previously indicated.
Further metallurgical testing of the tailings is underway to assess gravity recovery on a larger sample (1 to 2 tonnes),
representing about half of the material collected in 2018.
WildSky
Resources - Gravity Recovery Test Results
Sample 1 (Wet)
Products
Weight (g)
Weight (%)
Gold (g/t)
Distribution (%)
Pan Concentrate 1
Pan Tail 1
Gravity Concentrate 1
3.66
153.14
156.80
0.02
0.77
0.78
621.68
20.43
34.45
4.4
6.1
10.6
Pan Concentrate 2
Pan Tail 2
Gravity Concentrate 2
Gravity Concentrate 1+2
2.26
148.42
150.68
307.48
0.01
0.74
0.75
1.54
9405.59
19.92
160.69
96.32
41.6
5.8
47.4
57.9
Pan Concentrate 3
Pan Tail 3
Gravity Concentrate 3
Gravity Concentrate 1+2+3
0.89
153.84
154.73
462.20
0.00
0.77
0.77
2.31
7227.12
4.91
46.31
79.58
12.5
1.5
14.0
71.9
Gravity Tails (triplicate assay)
19,537.80
97.69
0.73
28.1
Head Grade (Calculated)
100.00
2.56
100.0
Sample 2 (Dry)
Products
Weight (g)
Weight (%)
Gold (g/t)
Distribution (%)
Pan Concentrate 1
Pan Tail 1
Gravity Concentrate 1
2.94
153.72
156.66
0.01
0.77
0.78
6217.94
30.08
146.09
41.9
10.6
52.5
Pan Concentrate 2
Pan Tail 2
Gravity Concentrate 2
Gravity Concentrate 1+2
2.41
151.73
154.14
310.79
0.01
0.76
0.77
1.55
1425.72
6.34
28.51
87.77
7.9
2.2
10.1
62.5
Pan Concentrate 3
Pan Tail 3
Gravity Concentrate 3
1.32
147.80
149.12
0.01
0.74
0.75
1024.61
5.66
14.66
3.1
1.9
5.0
Gravity Concentrate 1+2+3
459.91
2.30
64.07
67.5
Gravity Tails (triplicate assay)
19,540.09
97.70
0.73
32.5
Head Grade (Calculated)
20,000.00
100.0
2.18
100.0
Testing was done by Bureau Veritas Metallurgical Division in Richmond, BC.
Bureau Veritas is an independent commercial
laboratory that is compliant with ISO 9001 and with ISO/IEC 17025.
Assays were completed by the fire assay method on 30
gram subsamples, with AA finish for head and tails assays, and gravimetric determination for concentrates.
The technical disclosure in this news release was approved by Dr. Mathew Ball, P.Geo., member of the technical advisory board
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.