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SKY GOLD CORP. (SRKZF) is a mineral exploration company focused on developing high-quality exploration targets in Ontario and Nevada. With recent discoveries and ongoing exploration programs, the company is targeting nickel, copper, cobalt, chrome, platinum group elements, gold, and porphyry copper-gold deposits. The company's prime targets include the Mingold Au Soil anomaly and the Ni-Cu-Co-Cr-PGE anomaly, showing high discovery potential. SKY GOLD CORP. is committed to advancing its projects and exploring new opportunities in the mining sector.
Sky Gold Corp (TSX.V:SKYG)(OTC PINK:SRKZF) has announced the cancellation of its previously announced 4 cent private placement. The company plans to reassess financing options in the New Year, as CEO Mike England believes the junior resource sector is improving.
The company continues to evaluate programs at both the Evening Star copper porphyry and gold targets and the Shebandowan nickel-copper-cobalt-chrome-platinum group element-gold property in northwestern Ontario. Assay results are currently pending from two programs completed at the Shebandowan project.
Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) announces potential delays in mailing AGM materials due to the ongoing Canada Post strike. The Annual General Meeting is scheduled for December 17, 2024 at 10:00 a.m. in Vancouver, BC. Shareholders can access meeting materials through the company's website or SEDAR+, or request email delivery. Proxy forms must be submitted 48 hours before the meeting, excluding weekends and holidays.
Sky Gold Corp. (TSX.V:SKYG)(OTC PINK:SRKZF) has announced a consulting services agreement with Gaia Life Capital Inc. (GLC), effective October 15th, 2024. GLC, a data analytics firm specializing in digital investor growth, will provide media content strategy and dissemination services. The initial four-month agreement includes compensation of $9,000 monthly plus 500,000 stock options exercisable at five cents for one year. CEO Mike England emphasized the importance of exposure as the company prepares for financing and drilling at their Evening Star gold and copper porphyry project in Nevada.
Sky Gold Corp (TSX.V:SKYG)(OTC:SRKZF) announces a non-brokered private placement offering of up to 20 million units at $0.04 per unit to raise $800,000. Each unit includes one share and one warrant exercisable at $0.07 for 36 months. The company has received drill permits for both the Highlife Copper Porphyry and Tower Gold targets at its Evening Star property in Nevada. The Highlife target shows copper-in-soil anomaly over 1000 feet with samples containing up to 1.54% copper. The Tower Gold target exhibits a 3000-foot gold anomaly zone with samples yielding up to 18.21 ppm gold. Approximately 75% of proceeds will fund drilling operations.
Sky Gold Corp (TSXV:SKYG)(US:SRKZF) has received NOI level permits from the US Bureau of Land Management to drill its Evening Star Copper-Gold property in Mineral County, NV. The company plans a 3,500-foot drill program targeting two main areas: the Highlife Copper porphyry/skarn target and the Tower Gold intrusion-hosted target. At Highlife, samples showed up to 1.54% copper and 0.159 ppm gold, while Tower Gold rock samples yielded up to 18.21 ppm gold and 1.16% copper. The 1,450-acre property is located in the Walker Lane Trend, 10 miles east of Hawthorne and 52 miles southeast of the Yerington porphyry copper deposit.
Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) has received a 30-day extension from the TSX Venture Exchange to close its previously announced non-brokered private placement. The company has already closed two tranches of the placement, raising gross proceeds of $366,400. This includes the issuance of 6,600,000 non-flow-through units at $0.05 per unit and 520,000 flow-through units at $0.07 per unit.
Each non-flow-through unit comprises one common share and one transferrable share purchase warrant, allowing the holder to purchase an additional share at $0.07 for 36 months. Flow-through units include one flow-through share and one non-flow-through warrant, enabling the purchase of an additional non-flow-through share at $0.10 for 24 months. All securities are subject to a 4-month statutory hold period. The financing awaits final approval from the TSXV.
On July 5, 2024, Sky Gold Corp. (TSXV:SKYG, US:SRKZF) announced a 30-day extension granted by the TSX Venture Exchange to close its non-brokered private placement.
The company has raised $366,400 through two tranches, issuing 6,600,000 non-flow-through units at $0.05 per unit and 520,000 flow-through units at $0.07 per unit. Each non-flow-through unit comprises one common share and one warrant, allowing the holder to purchase an additional share at $0.07 within 36 months. Each flow-through unit comprises one flow-through share and one non-flow-through warrant, allowing the purchase of an additional non-flow-through share at $0.10 within 24 months.
All issued securities have a hold period of four months plus one day. The financing awaits final TSX Venture Exchange approval.
Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) has successfully closed the second tranche of its non-brokered private placement, raising gross proceeds of $36,400.
The company issued 520,000 flow-through units (FT Units) at $0.07 per unit. Each FT Unit includes one common flow-through share and one transferrable non-flow-through share purchase warrant. The warrant allows the purchase of an additional share at $0.10 within 24 months.
In this tranche, Sky Gold Corp. paid $1,680 in finders' fees and issued 24,000 non-transferable share purchase warrants to Sherbrooke Street Capital Inc., with each warrant exercisable at $0.10 for 12 months.
All issued securities are subject to a statutory hold period ending October 27, 2024. The funds will support exploration activities and general administrative purposes. Final approval from the TSX Venture Exchange is pending.
Sky Gold Corp. (TSXV:SKYG, US:SRKZF) has completed the first tranche of its non-brokered private placement, raising $330,000. The company issued 6.6 million non-flow through units (NFT Units) at $0.05 per Unit, each consisting of one common share and one transferrable share purchase warrant. Each warrant allows the holder to purchase an additional share at $0.07 within 36 months. Sky Gold paid $22,000 in total finders' fees and issued 440,000 non-transferable share purchase warrants to Canaccord Genuity Corp. and Sherbrooke Street Capital. Senior officers subscribed for 700,000 units, constituting a related party transaction under MI 61-101 regulations. The financing awaits final TSX Venture Exchange approval, with proceeds earmarked for exploration and general administrative expenses.
Sky Gold announced the completion of a basal till geochemical sampling program on its Consolidated Shebandowan Property in Northwestern Ontario. This 5,894-hectare property is located near the past-producing Shebandowan mine. Historic gold occurrences and one zinc occurrence were identified and prioritized for further exploration.
Sampling by ALS Global covered high-quality targets, including a 2 km by 2 km gold-in-soil anomaly and a 5 km by 7 km nickel-copper-cobalt-chrome-platinum anomaly. The detailed sampling will provide refined data for ongoing exploration. Analytical results are expected within three weeks, to be followed by geological mapping, trenching, and diamond drilling later this summer.
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