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Sky Gold Corp V.SKYG

Alternate Symbol(s):  SRKZF

Sky Gold Corp. is a Canada-based junior mineral exploration company. The Company is engaged in acquiring and advancing mineral properties in Canada and the United States. The Company’s properties include Evening Star, Mustang, Virginia, Imperial, Greenwater Lake, Kekekuab Lake and Sun Gold, Star Lake, Laurie, Horne, and KA Property. Its Shebandowan Portfolio consists of two properties located 80 and 125 kilometers west of the city of Thunder Bay. Its Shebandowan Property consists of nickel-copper-cobalt-platinum group element (Ni-Cu-Co-PGE) Shebandowan Property comprises of approximately 5,894 hectares and is situated within the Shebandowan Greenstone Belt in northwestern Ontario. The Evening Star property is located in west central Nevada in Mineral County and is comprised of approximately 43 unpatented mineral lode claims totalling over 660 acres. The Sungold property exhibits striking similarities with the geologic setting of the past producing Shebandowan mine.


TSXV:SKYG - Post by User

Post by lifegoesonon Dec 30, 2020 11:52am
235 Views
Post# 32197545

1.8 M shares traded so far today....

1.8 M shares traded so far today....Another one of those releases during the quiet days of X-mas. WHY you are likely asking...? Certainly represented a trading opportunity for those playing penny stocks. But given the early stage of their development, money in the bank and only 1,300 M of a 3,000 M drill program completed and visible gold "..... 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...."  From Depth 250 to 282, looks like they have 32 meters of something special. You also have to remember that this was drilled at an agle (dip -52degree), thus much shallower. Time will tell, we need to see the assays, but one thing for certain, there is "Gold in Them There Hills".... not a time to be exiting this play at this time in my opinion (but I have been wrong before). SKYG has already traded 14,6 M for the month of December alone, and over a staggering 78 M since July 1. This has been a cash cow trader for the Market Makers and brokers who are playing this like a fiddle. NFG was like this and look at it now. Either one believes and holds, or is simply trading for pennies. I suspect we will hold this price level given the interest stimulated by the release today. Good Luck
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