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Sky Gold Drill Permits Approved for the Evening Star Copper-Gold Porphyry Project Located in Mineral County, Nevada

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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)(US:SRKZF) ha ricevuto i permessi a livello NOI dalla Bureau of Land Management degli Stati Uniti per perforare il suo progetto Evening Star Copper-Gold nella Contea di Mineral, NV. L'azienda prevede un programma di perforazione di 3.500 piedi che mira a due aree principali: il target Highlife Copper porfido/skarn e il target Tower Gold ospitato nell'intrusione. A Highlife, i campioni hanno mostrato fino all'1,54% di rame e 0,159 ppm di oro, mentre i campioni rocciosi di Tower Gold hanno prodotto fino a 18,21 ppm di oro e 1,16% di rame. La proprietà di 1.450 acri si trova nella Walker Lane Trend, a 10 miglia a est di Hawthorne e a 52 miglia a sud-est del deposito di rame porfido di Yerington.

Sky Gold Corp (TSXV:SKYG)(US:SRKZF) ha recibido permisos a nivel NOI de la Oficina de Administración de Tierras de EE. UU. para perforar su propiedad Evening Star Copper-Gold en el Condado de Mineral, NV. La empresa planea un programa de perforación de 3,500 pies que se centra en dos áreas principales: el objetivo Highlife Copper porfirio/skarn y el objetivo Tower Gold alojado en intrusiones. En Highlife, las muestras mostraron hasta un 1.54% de cobre y 0.159 ppm de oro, mientras que las muestras de roca de Tower Gold produjeron hasta 18.21 ppm de oro y 1.16% de cobre. La propiedad de 1,450 acres se encuentra en la Tendencia de Walker Lane, a 10 millas al este de Hawthorne y a 52 millas al sureste del depósito de cobre porfirio de Yerington.

Sky Gold Corp (TSXV:SKYG)(US:SRKZF)는 네바다주 미네랄 카운티에 있는 Evening Star Copper-Gold 자산에 대한 시추를 위해 미국 토지 관리국으로부터 NOI 수준의 허가를 받았습니다. 회사는 Highlife Copper 포르ф리/s카른 목표와 Tower Gold 침입 호스트 목표의 두 주요 지역을 겨냥한 3,500피트 시추 프로그램을 계획하고 있습니다. Highlife에서는 샘플이 최대 1.54% 구리와 0.159 ppm 금을 나타냈고, Tower Gold의 암석 샘플은 최대 18.21 ppm 금과 1.16% 구리를 yielding했습니다. 이 1,450 에이커 규모의 자산은 워커 레인 트렌드에 위치하며, 호손에서 동쪽으로 10마일, 예링턴 구리 포르피리 매장지에서 남동쪽으로 52마일 떨어져 있습니다.

Sky Gold Corp (TSXV:SKYG)(US:SRKZF) a reçu des permis de niveau NOI du Bureau of Land Management des États-Unis pour forer son propriété Evening Star Copper-Gold dans le comté de Mineral, NV. La société prévoit un programme de forage de 3 500 pieds ciblant deux zones principales : la cible Highlife Copper porphyre/skarn et la cible Tower Gold accueillie par une intrusion. À Highlife, les échantillons ont montré jusqu'à 1,54% de cuivre et 0,159 ppm d'or, tandis que les échantillons de roche de Tower Gold ont donné jusqu'à 18,21 ppm d'or et 1,16% de cuivre. La propriété de 1 450 acres est située dans la tendance de Walker Lane, à 10 miles à l'est de Hawthorne et à 52 miles au sud-est du gisement de cuivre porphyre de Yerington.

Sky Gold Corp (TSXV:SKYG)(US:SRKZF) hat von der US-Büro für Landmanagement NOI-Level Genehmigungen erhalten, um sein Evening Star Copper-Gold-Projekt im Mineral County, NV, zu bohren. Das Unternehmen plant ein Bohrprogramm über 3.500 Fuß, das auf zwei Hauptbereiche abzielt: das Highlife Copper-Porphyr/Skarn-Ziel und das Tower Gold-inträgen Ziel. Bei Highlife wiesen die Proben bis zu 1,54% Kupfer und 0,159 ppm Gold auf, während Gesteinsproben von Tower Gold bis zu 18,21 ppm Gold und 1,16% Kupfer ergaben. Die 1.450 Acres große Anliegens liegt im Walker Lane Trend, 10 Meilen östlich von Hawthorne und 52 Meilen südöstlich des Yerington-Porphyrkupferlagers.

Positive
  • Received drilling permits for Evening Star property
  • Rock samples at Highlife target showed up to 1.54% copper and 0.159 ppm gold
  • Tower Gold samples revealed up to 18.21 ppm gold and 1.16% copper
  • Tower Gold mineralized zone traced for approximately 1.5 km along surface
Negative
  • None.

Highlights:

  • Drill permits approved for copper-gold targets in Nevada

  • Copper porphyry drill targets

  • Intrusion related Gold drill targets

VANCOUVER, BC / ACCESSWIRE / October 23, 2024 / Sky Gold Corp. ("Sky Gold" or the "Company") (TSXV:SKYG)(US:SRKZF) is pleased to announce it has received its NOI level permits from the US Bureau of Land Management to drill its Evening Star Copper-Gold property in Mineral County, NV. The road accessible, 1,450-acre (586 hectare) property is located about 10 miles (16 km) east of Hawthorne, NV, in the prolific Walker Lane Trend and about 52 miles (83 km) southeast of the Yerington, Nevada porphyry copper deposit. The Evening Star property is in the Pamlico Mining district which has a history of exploration for base metal skarn and carbonate-replacement prospects.

The most recent exploration work by Sky Gold geologists suggests that there is a possibility for an undiscovered porphyry copper-gold deposit as well as a separate intrusion-hosted gold deposit.

"While we await assay results from our Shebandowan Nickel Copper Gold project in Ontario, we are excited to get a long-awaited drill program organized for our now permitted Evening Star project in Nevada. Our copper and gold targets have been carefully selected after years of work in a hot area of Nevada and with the surge in commodity prices sparking a renewed interest in the junior mining exploration space there is no time like the present to get drilling!" stated Mike England, CEO of Sky Gold.

Sky Gold's upcoming drill program at its Evening Star property will test the "Highlife Copper" porphyry/skarn copper target and the "Tower Gold" intrusion-hosted gold target. The 3,500 foot (1,060 meters) drill program will consist of two holes at Highlife and three holes at Tower Gold.

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 1.54% copper and 0.159 ppm gold. The quartz monzonite porphyry dikes exhibit pervasive quartz-sericite-pyrite alteration (QSP) and is possibly the "phyllic" alteration zone found in/with porphyry copper-gold systems. The drilling program is designed to test for a deeper "potassic" alteration zone, where if present, copper-gold mineralization is likely to be the strongest. Also, a ground-based magnetic "high" anomaly is coincident with the Highlife Geochem anomaly. This suggests that the deeper, richer part(s) of a copper-porphyry system may lie below the mineralized altered quartz monzonite porphyry exposed at the surface.

At the Yerington, Nevada porphyry copper deposit 52 miles (83 km) to the northwest, the copper ore is related to the potassic alteration zone. Yerington has produced over 1.75 billion pounds of copper (793 million Kg)*.

*Source: https://nevadacopper.com/projects/location/

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 1.16% copper. Soil samples contain up to 2.83 ppm gold and 930 ppm copper. The Tower Gold mineralized zone has been traced for approximately 1.5 kms along the surface and bedrock sampling suggests it may be 160 feet (50 meters) or more in width. Tower Gold may be a distal gold system to a porphyry Cu deposit or another event of the Walker Lane trend.

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 drilling permits did Sky Gold Corp (SRKZF) receive in October 2023?

Sky Gold Corp received NOI level permits from the US Bureau of Land Management to drill its Evening Star Copper-Gold property in Mineral County, Nevada.

What are the two main targets for Sky Gold's (SRKZF) Evening Star drilling program?

The two main targets are the Highlife Copper porphyry/skarn target and the Tower Gold intrusion-hosted target, with a planned 3,500-foot drill program.

What are the highest copper and gold values found in samples at Sky Gold's (SRKZF) Evening Star property?

At Tower Gold, rock samples showed up to 18.21 ppm gold and 1.16% copper, while at Highlife, samples contained up to 1.54% copper and 0.159 ppm gold.

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