Sky Gold Corp Stock Price, News & Analysis

Sky Gold Corp (OTC:SRKZF; TSXV:SKYG) issued a correction on November 4, 2025 clarifying warrant counts for a private placement that closed on October 22, 2025. Each unit comprised one common share and one transferable common share purchase warrant. The company now states it issued 23,880,000 transferable warrants and 1,408,000 non-transferable finders' warrants.

Each finders' warrant permits the purchase of one share at an exercise price of $0.08 per share for a 36-month period after the closing date. The release says all other material terms of the offering remain unchanged.

Sky Gold Corp (OTC:SRKZF) announced completion of an over‑subscribed private placement and the start of field work at its Evening Star property, Walker Lane, Nevada on October 23, 2025. Geophysical surveys (drone magnetic/topographic at 50‑m line spacing) are underway and an IP survey is planned for the High Life Cu‑Au porphyry target.

A diamond‑core rig is being mobilized this week to begin a phase one drill program of ~1,100 metres: four holes (~500 m) at Tower Gold and one hole (~600 m) at High Life. A Qualified Person (Danae Voormeij, MSc, PGeo) reviewed the technical information.

Sky Gold (OTC:SRKZF) closed an oversubscribed non‑brokered private placement on October 22, 2025, issuing 23,880,000 units at $0.05 per unit for aggregate gross proceeds of $1,194,000.

Each Unit includes one common share and one half warrant; each whole warrant expires in 36 months with an exercise price of $0.08. Proceeds will be used to advance the Evening Star project in Nevada and for general working capital.

The company paid $70,400 in cash finders' fees and issued 1,688,000 non‑transferable finders' warrants. Insiders subscribed for 1,900,000 units, a related‑party participation relying on MI 61‑101 exemptions. Shares are subject to a four‑month hold under Canadian securities laws.

Sky Gold (OTC:SRKZF / TSXV:SKYG) announced a non-brokered private placement of up to 20 million Units at $0.05 per Unit for gross proceeds up to $1.0M. Each Unit comprises one common share and one warrant exercisable for 36 months at $0.08 per share. Proceeds are earmarked for geophysics and drilling at the Tower Gold vein trend and the buried High Life copper-gold porphyry target on the Evening Star property in Nevada, plus general corporate purposes. Tower Gold is described as drill-ready with drilling expected in the coming weeks; High Life will be tested after property-wide drone magnetic and deep IP surveys. Financing is subject to TSXV approval and finder fees will be paid.

Sky Gold Corp (US:SRKZF) has secured a diamond drill rig for its upcoming drilling program at the 100%-owned Evening Star property in Nevada's Walker Lane high-grade gold district. The company will focus on the Tower Gold target, an undrilled northwest-trending zone of high-grade gold veining.

The company also plans to resubmit its BLM permit application for the Golden Bomber Target, which hosts historic Golden Bomber and Golden Eagle mines. Previous sampling in 2017 yielded impressive results, including gold values up to 25.90 g/t Au, silver values up to 318.0 g/t Ag, and copper peaks of 6.14% from surface samples across a 300 by 200-meter area.

Sky Gold Corp (OTC:SRKZF) has announced key changes to its leadership team. The company has appointed Danae Voormeij to its Board of Directors and John Duncan to its Advisory Board. Voormeij brings over 20 years of gold and copper exploration experience, notably leading the discovery of a multi-million-ounce gold deposit at Dugbe, Liberia. Duncan contributes nearly 40 years of mineral exploration expertise with an M.S. in Economic Geology.

The company also announced the resignation of Aaron McBreairty from its Board of Directors and the issuance of 1.6 million stock options at $0.05 per share, exercisable for 2 years, to directors, officers, and consultants.

Sky Gold Corp (TSXV:SKYG)(US:SRKZF) has announced plans for a fall drill program at its Tower Gold Target on the Evening Star Property in Nevada's Walker Lane trend. The company has received permits for up to 9 drill pads to test a significant gold mineralization zone.

The Tower Gold Target, discovered in 2021, shows promising mineralization with 65 rock samples averaging 2.01 g/t gold, 8.71 g/t silver, and 1,115 ppm copper across a 1-kilometer trend. Peak values include 18.21 g/t gold and 97.60 g/t silver. Recent soil sampling revealed peak values of 2.83 g/t gold in the Southeast portion.

The drill program will target a zone measuring +400 metres long by 100 metres wide with anomalous gold in soil and bedrock. The company believes the target could represent a distal gold system to a porphyry copper deposit.

Sky Gold Corp (SRKZF) has announced a non-brokered private placement offering of up to 20,000,000 flow-through shares priced at $0.035 per share, aiming to raise up to $700,000 in gross proceeds. The flow-through shares will provide tax benefits to holders under the Income Tax Act (Canada). The funds will be used to advance the Company's Consolidated Shebandowan project in Northwestern Ontario. The company plans a spring exploration program including geological mapping, prospecting, and rock sampling of areas with anomalous particulate gold grains, followed by trenching and diamond drilling expected in late summer to early fall 2025. The private placement remains subject to TSX Venture Exchange approval.

Sky Gold Corp (TSX.V:SKYG)(OTC:SRKZF) has announced significant findings from its basal-till geochemical sampling program on the Consolidated Shebandowan property in Northwestern Ontario. The property spans 10,487 hectares and is located 70 km west of Thunder Bay.

Key findings include:

• First cluster: 3 anomalous sample sites yielding 46, 18, and 15 gold grains, with calculated total gold values of 550, 285, and 215 ppb Au
• Second cluster: 3 sampling sites yielding 27, 17, and 16 particulate gold grains, with total gold values of 1,872, 289, and 229 ppb gold

The sampling program, involving 52 10-kilogram samples, verified historic results from 1990. The discovered clusters coincide with strongly anomalous values in nickel, cobalt, chrome, gold, copper & zinc. The company plans follow-up exploration including geological mapping, prospecting, and rock sampling in spring 2025, with trenching and diamond drilling scheduled for late summer to early fall 2025.