Post by
lifegoeson on Nov 05, 2020 9:56am
PR contains information I hadn't seen before....
Understanding where to put you money is all about conducting due diligence. SKYG just put out a press release indicating the drills should be turning by mid November. Maybe I didn't do enough research initially because I was basically following the money (Sprott's investment) and the results from the Discovery Hole by NFG. These two were enough for me to put skin in the game. There are a few little tidbits SKYG put in this press release.
First, the Virginia property comprises 100 hectares and is ONLY approximately 5.7 kilometres northeast of New Found Gold's drill hole NFGC-19-01 and the Mustang property comprises 1,550 hectares and is contiguous to New Found Gold's Queensway project and ONLY approximately five kilometres southwest of their discovery hole.
Second, Noranda Exploration Ltd. (1987-1989) returned up to 28 grams per tonne gold (g/t Au) over 0.8 meters, 10.2 g/t Au over 0.75 meters, and 5.2 g/t Au over 1.0 m (Assessment NFGC 002D_0189).
Third, drilling to date has tested a limited vertical component zone of the strong epithermal system on the Mustang zone. The silicified zones extend for at least 3 kilometres to the northeast of the historic trenched and drilled area.