Sky Gold Applies for Drill Permits at The Evening Star Copper-Gold Property Located in Mineral County, Nevada
Highlights:
- Filing of a Notice of Intent to drill Evening Star Copper-Gold project, Nevada
- Identified two areas of significant copper-gold mineralization exposed at the surface
VANCOUVER, BC / ACCESSWIRE / May 22, 2024 / SKY GOLD CORP. ("Sky' or the "Company") (TSX.V:SKYG)(OTC PINK:SRKZF) is pleased to report it is filing a Notice of Intent to drill with the US Bureau of Land Management for its Evening Star Copper-Gold property in Mineral County NV. The 1,450 acre (586 hectare) property is located about 10 Miles (16 Km) miles east of Hawthorne, NV, in the Walker Lane Trend and about 52 Mi (83 Km) miles southeast of the Yerrington, Nevada porphyry copper deposit. The Evening Star property is in the Pamlico Mining district which has a history of exploration for base metal skarn and carbonate-replacement prospects. The most recent exploration work by Sky Gold geologists suggests that there is a possibility for an undiscovered porphyry copper-gold deposit and or a separate intrusion-hosted gold deposit.
Exploration work carried out on the property in 2021-2022 identified two areas of significant copper-gold mineralization exposed at the surface.
"While we are excited to commence further defining at drill targets at our Shebandowan Nickel Copper project in Ontario we felt it very timely to also get the drill permitting process going in Nevada for our copper and gold targets,' stated Mike England, CEO of Sky Gold. "With the surge in commodity prices sparking a renewed interest in the junior mining exploration space there is no time like the present to make news and get exploring!".
High-Life Porphyry Copper Target
The "High-Life" porphyry copper target area consists of quartz-sericite +/- chlorite altered quartz monzonite porphyry dikes that are cut by quartz-veinlet-stockwork containing disseminated copper oxides blebs and fractures. Soil samples collected over the High-Life returned up to 1,620 ppm copper and 0.212 ppm gold. Rock samples of the mineralized porphyry returned up 1.54% Copper and 2.723 ppm Au. Alteration of the quartz monzonite porphyry dikes suggests that the "potassic zone" of a porphyry copper deposit may lie at some depth below the outcropping dikes.
At the Yerrington, Nevada porphyry copper deposit 52 miles (83 Km) to the northwest, the copper ore is related to the potassic alteration zone. Yerrington has produced over 1.75 billion pounds of copper (793 million Kg). At the High-Life prospect, the presence of copper and gold in the "phyllic" or "transitional" (quartz-sericite-chlorite) alteration zone suggests that copper mineralization may have continued to be deposited over a longer period of time than at Yerrington. Two to eight (permitting eight holes) holes drilled to a depth of 1,500 ft (457 m) are planned to test the porphyry copper-gold target.
Tower Gold Target
The "Tower Gold" target area at Evening Star is an intrusion-hosted zone(s) of shallowly-dipping, gold-bearing quartz veins marked by old prospect pits, trenches and declines. Rock samples of the limonitic quartz veins and altered granitoid host rocks returned up to 18.21 ppm gold and 1.16% copper. Soil samples contain up to 2.83 ppm gold and 930 ppm copper. The Tower Gold mineralized zone has been traced for approximately 1.5 kms along the surface and bedrock sampling suggests it may be 50 meters or more in width. Tower Gold may be a distal gold system to a porphyry Cu deposit or another event of the Walker Lane trend. Two to nine (permitting nine holes) holes drilled to a depth of 600 ft (183 m) are planned to test the Tower Gold Target zone.
Geophysics
Geophysical surveys for Induced Polarization (IP) and ground Magnetics (Mag) will be run before the core drilling program to further delineate and define the drilling program.
This news release contains scientific and technical information with respect to other properties of the company's Evening Star property, which the company has no interest in or rights to explore. Readers are cautioned that information regarding the geology, mineralization and mineral resources on these other properties is not necessarily indicative of the mineralization on the company's properties.