Zonte Video - February 19, 2024

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Sky Gold SKYG

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2 years 11 months ago #126702 by ron
ron replied the topic: Sky Gold SKYG
down day for SKYG today !!!

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2 years 11 months ago #126606 by ron
ron replied the topic: Sky Gold SKYG
SKYG doing good today,hope drill results are coming out soon and very strong,NFG had a great news release last week,could be the reason why the stock is up,all in !!!!

Go SKYG Go

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3 years 1 month ago #126476 by RonS
RonS replied the topic: Sky Gold SKYG
A new and very good area play map put out by Exploits today, shows SkyGold sort of in the middle of NewFound Gold claims

The file size was too large to upload here. This is the link

exploitsdiscovery.com/wp-content/uploads...TS_SUBZONE4.0_v3.pdf

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3 years 4 months ago #126106 by Gambler
Gambler replied the topic: Sky Gold SKYG
Great news today

SKY GOLD INTERCEPTS VISIBLE GOLD IN HOLE MT-20-06 AT MUSTANG PROJECT, NEWFOUNDLAND AND PROVIDES DRILLING UPDATE

Sky Gold Corp. has provided an update on the continuing maiden diamond drilling program on the company's Mustang property contiguous to the Queensway gold project, owned by New Found Gold Corp., and the observation of fine-grained visible gold in hole MT-20-06.

Highlights include:

Since mid-November, to date, seven holes have been completed on the Mustang Property, comprising 1,321 meters. Assays are pending.Six holes targeted the Mustang Zone and one hole tested for a parallel zone. All six holes on the Mustang Zone intersected prospective geology with a varying amount of quartz veining, brecciation and silicification, and quartz stockwork, with associated sulphides (pyrite, arsenopyrite, sphalerite, trace galena and chalcopyrite), in sediments (greywacke and siltstone) and in faulted graphitic siltstone.Significantly, several fine pin-point grains of visible gold were observed in a chloritized black jasperoid clast in hole MT-20-06 at depth of ~260 meters down the hole (653800 m N, 5422510 m E, azimuth 134degree, dip -52degree). To the Company's knowledge this is the first observation of visible gold in diamond drill core on the Mustang zone. Hole MT-20-06 was designed for a depth of 180 meters but was drilled to a depth of 294 meters due to extensive quartz veining, brecciation - silicification, quartz veins and associated sulphides observed in intervals from 250 to 282 meters.The Company's recent drilling, previous shallow drilling and rehabilitated trenches indicate a style of mineralization consistent with a low sulphidation epithermal model, comprising hydrobrecciation and vuggy quartz veining and stockworks.Drilling has been contracted to Cabo Drilling (Pacific) Corp. with a minimum 3,000-metre diamond drill program over multiple target locations on both the Mustang property and the Virginia property, which are situated within the highly prospective Gander gold district. Drilling has ceased for a two -week period over the Holidays and will resume in early January 2021. Logging, core cutting and sampling is ongoing from a facility established in Gander.Drilling in 2021 will also investigate the Barite, Jasperoid and Road Breccia showings on the western portion of the Mustang property, which have never been drilled. Ongoing trenching and soil geochemistry is also in progress on the remainder of the property.

Company President and CEO Mike England commented "Rapid drilling progress, encouraging visual geology and now the observation of the first visible gold in core on the Mustang Zone, are an excellent start to our maiden drill program in Newfoundland. We are expediting the logging, core cutting, sampling and assaying of the prospective zones in holes MT-20-06 and MT-20-07 to assist the design of, and to expand, the drill program in 2021."

All of the Company's field activities are conducted under Federal and Provincial COVID-19 operating protocols and safety measures as required. Planet X Exploration Services Ltd.'s field crews, retained through Grassroots Prospecting, a local, Newfoundland-based prospect generation company, are undertaking all field and drill activities on the Company's Newfoundland properties. Project Manager, Robert Weicker states, "The efforts and diligence of the teams of Planet X Exploration Services Ltd., and Grassroots Prospecting, are to be commended and are greatly appreciated."

SKY GOLD'S NEWFOUNDLAND PROJECTS

Virginia Property

The Virginia property comprises 100 hectares and is approximately 5.7 kilometres northeast of New Found Gold's drill hole NFGC-19-01 which intersected 92.86 g/t Au over 19 metres (see New Found Gold Corp. press release dated August 12, 2020). Historic results completed in the early 1990s by Manor Resources Ltd., reports two areas of mineralization (Zone A-2). One showing comprised quartz veining developed over a 35-metre-wide zone within sheared gabbro and graphitic shale (main shear) returning up to 8.7 g/t Au, and a second showing comprised a sheared gabbro returned a grab sample up to 109.6 g/t Au*.

Mustang Property

The recently expanded Mustang property comprises 1,625 hectares and is contiguous to New Found Gold's Queensway project and approximately five kilometres southwest of their discovery hole. The Mustang property hosts numerous gold prospects including the Mustang and Piper zones, on trend with New Found Gold Corp's current drill program, and the Road Breccia, Jasperoid, and Barite showings on the western portion of the property.

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3 years 4 months ago #126073 by alexgreat
alexgreat replied the topic: Sky Gold SKYG
I have a good position too. For sure we have a break out on the chart.

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3 years 4 months ago #126070 by Gambler
Gambler replied the topic: Sky Gold SKYG
Thanks GB, looks like any year juggling is ending and/or selling from the July 10 cent financing. I picked up a good position in this one

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3 years 4 months ago #126069 by GoldnBoy
GoldnBoy replied the topic: Sky Gold SKYG
SKYG up nicely today on good volume
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3 years 5 months ago #126059 by ron
ron replied the topic: Sky Gold SKYG
Thanks lynnsa10,have been buying lately SKYG,RKR and ZON.

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3 years 5 months ago #126058 by davplan
davplan replied the topic: Sky Gold SKYG
Thanks for opening a thread. I also own this and intend to build on my position further going forward, so keep sharing news and insights on this one anyone on the blog, including Lynns,a who follow and track this one.
Thanks again.
Robin

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3 years 5 months ago #126051 by lynnsa10
lynnsa10 created the topic: Sky Gold SKYG
Highlights:

• Low valuation at $9 million
• Strong shareholder base
• Strong management team
• $2 million funding for current drill program
• Strategic property location to New Found Gold's discovery
• High grade surface samples
• Drilling just begun at Mustang and Virginia property

Mustang 1,550 hectares

It is contiguous to New Found Gold’s Queensway Gold Project and approximately 5 km from their discovery hole. The property is only 2.5 kilometers south of the village of Glenwood, that is on the Trans-Canada Highway and 25 kilometres west of an
international airport in Gander.

Gold was discovered at the Outflow prospect in 1987 by Noranda Exploration. They completed geologic mapping, trenching and shallow (average 84 metres) diamond drilling (12 holes totalling 1,007.6 m). Barrick Gold which undertook reconnaissance exploration in 2002 which resulted in the discovery of several new gold showings, including the Road Breccia, Barite, Jasperoid, and Gervase's Lane showings.

Skygold started a minimum 3,000 meter drill program in mid November. The initial two holes are directed at deeper depth than previously tested at the southern portion of Mustang zone. Two historic holes intersected low-grade gold mineralization at very shallow vertical depths (10-metre vertical depth, 0.48 g/t gold over
core interval of 13.8 metres, hole GO-98-05, and 25-metre vertical depth, 0.42 g/t Au over eight metres, GO-98-06). The style of mineralization in nearby rehabilitated trenches and these historic holes appears consistent with a low-sulphidation epithermal model, comprising hydrobrecciation and vuggy quartz veining
and stockworks.

Current drilling will explore for multiple, parallel zones and will test the vertical profile of the epithermal systems at depths of 75 metres to 90 metres vertically, and 120 metres to 130 metres vertically.

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