Sky Gold Corp Drill Program in Nevada and Financing
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 (TSX.V:SKYG)(OTC:SRKZF) annuncia un'offerta di collocamento privato non intermediato di fino a 20 milioni di unità a 0,04 $ per unità, per un totale di 800.000 $. Ogni unità comprende un'azione e un warrant esercitabile a 0,07 $ per 36 mesi. L'azienda ha ricevuto permessi per perforazioni sia per i target del Highlife Copper Porphyry che del Tower Gold nel suo progetto Evening Star in Nevada. Il target Highlife mostra un'anomalia di rame nel suolo su oltre 1000 piedi con campioni che contengono fino al 1,54% di rame. Il target Tower Gold presenta una zona di anomalia di oro di 3000 piedi con campioni che forniscono fino a 18,21 ppm di oro. Circa il 75% dei proventi sarà destinato alle operazioni di perforazione.
Sky Gold Corp (TSX.V:SKYG)(OTC:SRKZF) anuncia una oferta de colocación privada no intermediados de hasta 20 millones de unidades a 0,04 $ por unidad para recaudar 800.000 $. Cada unidad incluye una acción y un warrant ejercitable a 0,07 $ durante 36 meses. La compañía ha recibido permisos de perforación tanto para los objetivos de Highlife Copper Porphyry como de Tower Gold en su propiedad Evening Star en Nevada. El objetivo Highlife muestra una anomalía de cobre en el suelo de más de 1000 pies, con muestras que contienen hasta un 1,54% de cobre. El objetivo Tower Gold exhibe una zona de anomalía de oro de 3000 pies, con muestras que rinden hasta 18,21 ppm de oro. Aproximadamente el 75% de los ingresos financiará las operaciones de perforación.
Sky Gold Corp (TSX.V:SKYG)(OTC:SRKZF)는 유닛당 0.04달러로 최대 2000만 개 유닛의 비중개 민간 배치를 통해 80만 달러를 모금한다고 발표했습니다. 각 유닛은 하나의 주식과 36개월 동안 0.07달러에 행사할 수 있는 워런트를 포함합니다. 회사는 네바다의 Evening Star 프로젝트에 있는 Highlife Copper Porphyry와 Tower Gold 목표에 대한 시추 허가를 받았습니다. Highlife 목표는 1000피트 이상에 걸친 토양에서 구리 이상을 보이며, 샘플은 최대 1.54%의 구리를 포함합니다. Tower Gold 목표는 3000피트의 금 이상 구역을 나타내며, 샘플에서 최대 18.21ppm의 금이 나옵니다. 수익의 약 75%는 시추 작업에 사용될 예정입니다.
Sky Gold Corp (TSX.V:SKYG)(OTC:SRKZF) annonce une offre de placement privé non-intermédié pouvant aller jusqu'à 20 millions d'unités au prix de 0,04 $ par unité, visant à lever 800.000 $. Chaque unité comprend une action et un bon de souscription exerçable à 0,07 $ pendant 36 mois. La société a reçu des permis de forage pour les cibles Highlife Copper Porphyry et Tower Gold sur sa propriété Evening Star dans le Nevada. La cible Highlife présente une anomalie de cuivre dans le sol sur plus de 1000 pieds, avec des échantillons contenant jusqu'à 1,54 % de cuivre. La cible Tower Gold présente une zone d'anomalie d'or de 3000 pieds, avec des échantillons générant jusqu'à 18,21 ppm d'or. Environ 75 % des produits seront affectés aux opérations de forage.
Sky Gold Corp (TSX.V:SKYG)(OTC:SRKZF) kündigt eine nicht vermittelte Privatplatzierung von bis zu 20 Millionen Einheiten zu 0,04 $ pro Einheit an, um 800.000 $ zu sammeln. Jede Einheit umfasst eine Aktie und ein Warrant, das für 36 Monate zu 0,07 $ ausgeübt werden kann. Das Unternehmen hat Bohrgenehmigungen für die Highlife Copper Porphyry und Tower Gold Ziele in seinem Evening Star Grundstück in Nevada erhalten. Das Highlife Ziel zeigt eine Kupferanomalie im Boden über 1000 Fuß mit Proben, die bis zu 1,54 % Kupfer enthalten. Das Tower Gold Ziel weist eine 3000 Fuß lange Goldanomalie auf, wobei Proben bis zu 18,21 ppm Gold liefern. Etwa 75 % der Einnahmen werden für Bohrarbeiten verwendet.
- Secured drill permits for both major targets
- Strong sampling results: up to 1.54% copper at Highlife and 18.21 ppm gold at Tower Gold
- 75% of financing allocated to drilling operations
- Dilutive financing through private placement of 20 million units
- Warrant exercise price ($0.07) represents significant discount to acceleration threshold ($0.15)
Highlights:
Drill permits approved for both the Highlife Copper Porphyry targets and the Tower Gold targets in Nevada
$0.04 private placement to facilitate drilling both targets
VANCOUVER, BC / ACCESSWIRE / November 1, 2024 / SKY GOLD CORP. ("Sky Gold" or the "Company") (TSX.V:SKYG)(OTC PINK:SRKZF) announces a non-brokered private placement of up to 20 million units ("Units") at a price of
Acceleration right: If the 20-day volume weighted average price of the listed shares of the company close at a price equal to or greater than 15 cents, the company will have the option to accelerate the expiry date of the warrants to the date that is 30 days from the date that the company announces the acceleration through a news release.
Proceeds raised from the Offering will be used towards drilling on the permitted Evening Star project located in Nevada as well as general and administrative purposes. It is anticipated approximately
The financing is subject to TSX Venture approval.
The road-accessible Evening Star Copper-Gold property totals 1,450 acres (586 hectares) and is located in Mineral County, Nevada, approximately 10 miles (16 km) east of Hawthorne in the prolific Walker Lane Trend.
Sky Gold's upcoming drill program will consist of core drilling at its Evening Star property to test both targets.
Highlife Porphyry Copper Target
At the Highlife Copper target, a +1000 foot (304 meters) long copper-in-soil anomaly overlies bedrock of altered quartz monzonite porphyry dikes that intruded a biotite-rich granodiorite. Samples of the porphyry dikes exposed in roadcuts and old prospect pits contain up to
Tower Gold Target
At the Tower Gold target several holes are planned to test a +3000 foot (914 meters) long by up to 300 foot (91 meters) wide zone of anomalous gold in soil and bedrock. The target area is an intrusion-hosted zone(s) of shallowly-dipping, gold-bearing quartz veins marked by old prospect pits, trenches and declines. Rock samples of the limonitic quartz veins and altered granitoid host rocks returned up to 18.21 ppm gold and
This news release contains scientific and technical information with respect to other properties of the Company's Evening Star property, which the Company has no interest in or rights to explore. Readers are cautioned that information regarding the geology, mineralization and mineral resources on these other properties is not necessarily indicative of the mineralization on the Company's properties.
Qualified person
Sky Gold Corp.'s disclosure of a technical or scientific nature in this news release has been reviewed and approved by David Taff, P.Geo., who serves as a qualified person under the definition of National Instrument 43-101 and is a consultant to the Company.
ON BEHALF OF THE BOARD
Mike England
CEO, PRESIDENT & DIRECTOR
FOR FURTHER INFORMATION PLEASE CONTACT
Tel: 1-604-683-3995
Toll Free: 1-888-945-4770
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
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements, including with respect to the completion of the Consolidation or the identification or acquisition of additional mineral assets. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.
SOURCE: Sky Gold Corp.
View the original press release on accesswire.com
FAQ
What is the size of Sky Gold's private placement announced on November 1, 2024?
What are the copper and gold grades from Evening Star property samples?
What is the warrant exercise price and term for Sky Gold's private placement?
