Sky Gold Corp Stock Price, News & Analysis

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.

Sky Gold Corp (TSX.V:SKYG)(OTC PINK:SRKZF) has announced the cancellation of its previously announced 4 cent private placement. The company plans to reassess financing options in the New Year, as CEO Mike England believes the junior resource sector is improving.

The company continues to evaluate programs at both the Evening Star copper porphyry and gold targets and the Shebandowan nickel-copper-cobalt-chrome-platinum group element-gold property in northwestern Ontario. Assay results are currently pending from two programs completed at the Shebandowan project.

Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) announces potential delays in mailing AGM materials due to the ongoing Canada Post strike. The Annual General Meeting is scheduled for December 17, 2024 at 10:00 a.m. in Vancouver, BC. Shareholders can access meeting materials through the company's website or SEDAR+, or request email delivery. Proxy forms must be submitted 48 hours before the meeting, excluding weekends and holidays.

Sky Gold Corp. (TSX.V:SKYG)(OTC PINK:SRKZF) has announced a consulting services agreement with Gaia Life Capital Inc. (GLC), effective October 15th, 2024. GLC, a data analytics firm specializing in digital investor growth, will provide media content strategy and dissemination services. The initial four-month agreement includes compensation of $9,000 monthly plus 500,000 stock options exercisable at five cents for one year. CEO Mike England emphasized the importance of exposure as the company prepares for financing and drilling at their Evening Star gold and copper porphyry project in Nevada.

Sky Gold Corp (TSX.V:SKYG)(OTC:SRKZF) announces a non-brokered private placement offering of up to 20 million units at $0.04 per unit to raise $800,000. Each unit includes one share and one warrant exercisable at $0.07 for 36 months. The company has received drill permits for both the Highlife Copper Porphyry and Tower Gold targets at its Evening Star property in Nevada. The Highlife target shows copper-in-soil anomaly over 1000 feet with samples containing up to 1.54% copper. The Tower Gold target exhibits a 3000-foot gold anomaly zone with samples yielding up to 18.21 ppm gold. Approximately 75% of proceeds will fund drilling operations.