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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. has identified several new gold-in-soil geochemical anomalies on its Mustang Property in Newfoundland. The anomalies, particularly at the North Woodman Pond Target, show high gold values up to 55 ppb Au and significant arsenic concentrations. The company plans to follow up with diamond drilling to explore these targets further, capitalizing on promising findings in the region. Additionally, the Virginia property has received permits for a maiden drilling program this summer, enhancing Sky Gold's exploration potential in Canada.
Sky Gold Corp. has announced the acquisition of two contiguous claim blocks, the Imperial Property, adjacent to Amex Exploration's Perron Project in Quebec, known for high-grade gold discoveries. The acquisition involves a 100% interest in the claims through a transaction requiring TSX Venture Exchange approval. The overall deal includes payments of 10,500,000 shares, $150,000 in cash, and a 3% Net Smelter Return. This strategic move aims to enhance exploration abilities in a promising mineral-rich area.
Sky Gold Corp. (OTC PINK:SRKZF) has become a founding member of the Newfoundland.Gold strategic alliance, aimed at boosting awareness and investment in the emerging gold district of Newfoundland. The alliance will host a Virtual Investor Days event from June 1-3, 2021. Recently, Sky Gold completed a 20-hole, 3,300-meter diamond drill program on its Mustang Property with pending assays. The company also owns the Virginia property, with an upcoming drill program. Additionally, the Evening Star property in Nevada is being prepared for a late Q2 2021 drill program.
Sky Gold Corp. (OTC PINK:SRKZF) has released an update regarding its Newfoundland properties and the Evening Star property in Nevada. The Company awaits assay results from 17 diamond drill holes at the Mustang property. A geophysical ground survey has been completed, and data is under review. In addition, the Virginia property is set for a summer drill program, with necessary permits acquired. Furthermore, preparations for a drill program at the Evening Star property are underway, with drilling expected to commence in June after securing a contractor.
Sky Gold Corp. (OTC PINK:SRKZF) has granted up to 1.75 million stock options to its directors and consultants. These options are exercisable at $0.12 per share for one year. This move is in line with the company's stock option plan, aimed at incentivizing key personnel. Sky Gold Corp. focuses on acquiring and advancing mineral properties globally. The announcement emphasizes the company’s commitment to its operational strategy while ensuring that the management team is motivated to drive company growth.
Sky Gold Corp. (OTC PINK: SRKZF) announced initial assay results from its Mustang project, reporting an average of 7.77 g/t Au over 0.5 meters in drill hole MT-21-14. A wider gold mineralization zone was also identified, averaging 0.78 g/t Au over 32.85 meters, including sections of 3.80 g/t Au over 1.5 meters. The company completed a 20-hole drill program totaling 3,330 meters focused on the Mustang Zone. Further assays are pending, and a Phase 2 program is planned for summer 2021.
Sky Gold Corp. (OTC PINK:SRKZF) has initiated diamond drilling on its Mustang and Virginia properties in Newfoundland, expanding its exploration efforts in the Gander gold district. The company is conducting a minimum 3,000-meter drilling program, targeting multiple gold zones. Historically, nearby drill holes reported low-grade gold mineralization, indicating potential for further discovery. The Virginia property is in proximity to a significant New Found Gold drill hole showing high-grade gold. The drilling aims to confirm and extend existing mineral showings to enhance resource potential.
Sky Gold Corp. (OTC PINK: SRKZF) has announced the acquisition of two properties, expanding the Mustang Property adjacent to New Found Gold Corp's Queensway Gold Project. The Kings Point Extension and South Mustang Extension properties together add 275 hectares. Costing $65,000 and 1.2 million shares over two years, this acquisition includes a 2% net smelter royalty. The company plans to initiate drilling in mid-November, which may position it favorably in the emerging gold district.
Sky Gold Corp. (OTC PINK: SRKZF) announced the engagement of Cabo Drilling for a 3,000-meter diamond drill program on its Mustang and Virginia properties, near New Found Gold Corp.'s Queensway project. Initial drilling will focus on promising targets like the Outflow prospect, which showed surface samples of up to 28 g/t gold. This marks the first drilling program for Sky Gold on these properties, aiming to validate existing mineralization and potentially enhance gold resources. The drill mobilization is scheduled for three weeks from now.
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