Sky Gold SKYG

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8 months 2 weeks 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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8 months 2 weeks 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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8 months 2 weeks ago #126069 by GoldnBoy
GoldnBoy replied the topic: Sky Gold SKYG
SKYG up nicely today on good volume
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8 months 3 weeks 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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8 months 3 weeks 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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8 months 3 weeks 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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