Sky Gold to drill Evening Star property, Walker Lane Trend, Nevada
Sky Gold Corp. [TSXV: SKYG; OTC PINK: SRKZF] reported that it has engaged Titan Drilling, based out of Spring Creek, Nevada, for an upcoming drill program to test multiple targets at the High Life copper-gold porphyry system at the Evening Star property, Walker Lane Trend, Nevada, as well as drill test the area of historic hole 70-1 to verify the CRD style and presence of skarn. Drill hole permitting is in progress, and the diamond core drilling program is expected to start in early April.
The company’s geological team is on site mapping and sampling on the property and preparing the drill sites for the upcoming drilling program.
Mike England, CEO of Sky Gold, stated: “We are very excited to get drilling again at Evening Star, this time backed with new geophysical data as well as recently uncovered coordinates from a wildcat hole drilled in 1970 that reported 0.22% Cu, 3.24% Pb, 1.41% Zn and 76 g/t Ag over 166 metres.”
High Life Target: Results from recent magnetic and Induced Polarization (IP) surveys completed on the property reveal a concentric geophysical footprint consistent with a gold-copper porphyry system at the High Life target.
The surveys outline a large (approximately one km in diameter), single positive magnetic anomaly. Three-dimensional processing reveals a robust, deeply rooted magnetic body, interpreted as the potassic core of a porphyry system.
Three IP lines were completed across the High Life area and the associated magnetic anomaly. Results show overlapping resistivity and chargeability highs. The IP data also display strong geophysical zonation, characterized by an outer conductive ring surrounding an inner resistive core.
Additionally, the results of a gravity survey conducted across High Life and Gold Bug in 2020 revealed that the High Life magnetic anomaly exhibits a rare coincident geophysical response, comprising a gravity high, resistivity high, and chargeability high. This combination significantly enhances the prospectivity of the target and supports interpretation of a large, intact porphyry system.
Carbonate replacement deposit (CRD)-style mineralization comprising galena and sphalerite in carbonate rocks were intersected in a historic hole drilled south of Gold Bug in 1970, returning 0.22% Cu, 3.24% Pb, 1.41% Zn and 76 g/t Ag over 166 metres. It was not assayed for gold. Within this broader intercept are higher-grade sections including 0.60% Cu, 14.88% Pb, 4.70% Zn and 408 g/t Ag over 6.10 metres.
Results from the magnetic survey over the area of Gold Bug and Evening Star targets show discrete magnetic anomalies that may represent skarn mineralization. This area of historic hole 70-1 will be followed up with drill testing to verify the CRD style and presence of skarn.
Sky Gold’s flagship Evening Star property, located in the prolific Walker Lane Gold Trend, hosts multiple high-priority gold and copper targets, including Tower Gold, High Life, Gold Bug, and Evening Star. The project site has excellent infrastructure.