RE:Anyone hear any NEWS..?!Worldeye, they aren't drilling.... here is their last press release
(October 15th) announcing contracting a driller, they said the
drill will be mobilized in about 3 weeks, not sure when drilling will start after that. I gave up tracking how many shares that traded since June, but there have been
well over 50 M shares. Everyone that could basically sold above $0.20, and now with the pullback of the price of gold, combined with no activity or press releases of substance, the price has made a dramatic slide down to $0.125 just above the PP price of $0.10. Thus everyone that could sold and have been timing the next cycle by picking up cheap shares and getting ready for drilling. In my opinion, great time to buy if they do anything, but who knows what they are up to. If gold continues to fall back, then prices of all gold stocks are going to retreat, take NFG for example, price ran up to $3.75, since then has been step by step pullback with the decrease in the price of gold and now back below $3.00. And the there is the US election, Trump has or will have put $17 T controlling the economy and proping up the money markets. Good Luck..... this game is all about timing, buying lower and don't forget to sell.
The drill will be mobilized in about three weeks with the initial sites located on the Virginia property 2020-10-15 09:39 ET - News Release
Mr. Mike England reports
SKY GOLD SELECTS DRILL CONTRACTOR FOR MUSTANG AND VIRGINIA PROPERTIES CONTIGUOUS TO NEW FOUND GOLD'S QUEENSWAY GOLD PROJECT
Sky Gold Corp. has retained Cabo Drilling (Pacific) Corp. to complete a minimum 3,000-metre diamond drill program on the company's Mustang property and the Virginia property, contiguous to the northeastern portion of the Queensway gold project owned by New Found Gold Corp.
"Newfoundland is currently one of the hottest exploration areas in Canada, led by New Found Gold with an active 100,000-metre diamond drill program at its 100-per-cent-owned Queensway project. We are very excited to start drilling at targets such as the Outflow prospect where surface samples have been recorded as high as 28 grams per tonne gold over 0.8 metre," stated Mike England, chief executive officer of Sky Gold.
This is the maiden drill program by the company on the Mustang and Virginia properties, with targets defined by surface sampling, geological mapping and rock and soil geochemistry. Both the field contractors and the drill contractor will exercise COVID-19 operating protocols and safety measures as required.
Cabo is a local company based in Springdale, Nfld., with extensive experience having completed drill projects throughout the province. The drill will be mobilized in about three weeks with the initial sites located on the Virginia property, followed by drilling on the Outflow prospect and Barite, Jasperoid and Road showings on the Mustang property.