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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. (TSXV:SKYG)(OTC PINK:SRKZF) has announced the granting of 700,000 stock options to its directors and officers. These options have an exercise price of $0.11 each and are valid for a period of three years. This decision is part of the company's stock option plan aimed at aligning the interests of management and shareholders. Sky Gold Corp. is engaged in mineral exploration across Canada and the USA, focusing on acquiring and advancing mineral properties for shareholder benefit. The move to issue stock options reflects a strategy to incentivize leadership within the company as it continues to explore and develop its assets.
Sky Gold Corp. has announced the acquisition of two mineral properties, the Horne and Laurie properties, adjacent to Delta Resources' Eureka Gold Zone in northwestern Ontario. The deal involves issuing 1 million shares, a cash payment of $225,000, and a commitment to spend $500,000 on exploration over four years. The Eureka Gold Zone has shown promising drilling results, including high-grade gold intercepts, enhancing the prospects for Sky Gold's adjacent properties.
This acquisition is expected to expand the company's exploration potential and could lead to significant discoveries in a region known for gold mineralization. The transaction is pending TSX Venture approval.
Sky Gold Corp. has closed a non-brokered private placement, issuing 6,425,000 units for total gross proceeds of $514,000. Each unit consists of one common share and one share purchase warrant, priced at $0.12 per warrant share, valid for 24 months. Cash finders' fees totaled $19,200 across three firms. A senior officer subscribed for 1,000,000 units, categorized as a related party transaction, exempt from formal valuation and minority shareholder approval due to its low market value. Proceeds will be allocated for exploration activities and general administrative purposes. Final approval from the TSXV is pending.
Sky Gold Corp. (OTC PINK:SRKZF) has announced the acquisition of the Star Lake nickel-copper-cobalt-chrome-platinum group element property in northwestern Ontario. This property spans 5,894 hectares and is strategically located near infrastructure and a past-producing mine. The transaction includes issuing 1,250,000 shares, paying $225,000 in cash, and committing to $1,000,000 in exploration over four years. The Star Lake property features significant geochemical anomalies, suggesting robust potential for nickel and platinum group elements.
This acquisition aligns with Sky Gold's strategy to expand its portfolio in battery metals.
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