Sky Gold Commences Work on The Virginia Property, Newfoundland

Rhea-AI Summary

Sky Gold Corp. (OTC PINK:SRKZF) has launched a field program at its Virginia property, adjacent to the Queensway Gold Project and Labrador Gold's Kingsway project. The initiative involves rock sampling and trenching aimed at known vein occurrences. The Company is also strategizing an upcoming work program at its Mustang property. Sky Gold is engaged in mineral exploration, focusing on properties in Newfoundland, including Mustang and Virginia, and owns the Evening Star property in Nevada and the Imperial Project in Quebec.

Positive

• Commencement of field program at Virginia property targeting known gold veins.
• Strategic location near significant projects: New Found Gold's Queensway and Labrador Gold's Kingsway.
• Advanced exploration activities planned for Mustang property.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / May 12, 2022 / Sky Gold Corp. (TSX-V:SKYG) (OTC PINK:SRKZF) ("Sky Gold Corp." or the "Company") announces a field program has commenced on the Company's Virginia property located contiguous to the north-eastern portion of the Queensway Gold Project, owned by New Found Gold Corp. and the south-west portion of Labrador Gold's Kingsway project.

Prospecting will focus on known vein occurrences at Virginia and consist of rock sampling and trenching.

The Company continues to work on plans for an upcoming work program at Mustang in the near future.

About Sky Gold Corp.

Sky Gold Corp. is a junior mineral exploration company engaged in acquiring and advancing mineral properties in Canada and the USA. The Company is active in Newfoundland on the Mustang and Virginia properties, which are located contiguous to New Found Gold Corp's Queensway project, where high-grade gold mineralization has been discovered, with the district being actively explored by numerous companies. The Company owns the Evening Star property, located 12 km southeast of Hawthorne, NV, which is prospective for precious (silver and gold) mineralization and CRD (Carbonate Replacement Deposit) base metal mineralization. The Company owns the Imperial Project comprising two contiguous claim blocks (6,576 hectares) prospective for gold and VMS (volcanogenic massive sulphide) mineralization and covers 4.7 kilometres of the northern border with Amex Exploration's Perron property in Quebec, where high-grade gold has been intersected in three zones along a 3.2 km corridor.

ON BEHALF OF THE BOARD

"Mike England"
Mike England, CEO & Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Tel. 1-604-683-3995
Toll Free. 1-888-845-4770

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

SOURCE: Sky Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/701096/Sky-Gold-Commences-Work-on-The-Virginia-Property-Newfoundland

FAQ

What is the recent news about Sky Gold Corp. (SRKZF)?

Sky Gold Corp. has commenced a field program at its Virginia property, focusing on rock sampling and trenching.

When did Sky Gold Corp. begin its field program at Virginia?

The field program started on May 12, 2022.

What properties are associated with Sky Gold Corp. (SRKZF)?

Sky Gold Corp. is focusing on properties including Virginia, Mustang, Evening Star in Nevada, and the Imperial Project in Quebec.

How is the Virginia property significant for Sky Gold Corp.?

The Virginia property is located near the Queensway Gold Project, where high-grade gold mineralization has been discovered.

What exploration activities are planned for the Mustang property?

Sky Gold is currently working on plans for an upcoming work program at the Mustang property.