Welcome to our dedicated page for Sky Gold news (Ticker: SRKZF), a resource for investors and traders seeking the latest updates and insights on Sky Gold stock.
Sky Gold Corp. (SRKZF, TSX.V: SKYG) generates frequent news as an active mineral exploration company focused on precious and base metal projects in North America. Investors following SRKZF news can track updates on exploration results, financings and property agreements that shape the company’s projects and plans.
A major source of Sky Gold’s news flow is its Evening Star property in the Walker Lane gold trend of Nevada. Releases describe work at multiple targets, including the Tower Gold gold-vein system, the High Life copper-gold porphyry target, and the Gold Bug and Golden Bomber zones. News items detail geophysical surveys such as magnetic, gravity and induced polarization (IP) programs, as well as rock and soil sampling, drill permitting and drill program preparations.
Sky Gold also issues news on its Consolidated Shebandowan project in northwestern Ontario, where basal-till geochemical sampling has yielded significant particulate gold grains and anomalous multi-element signatures. Updates outline planned mapping, prospecting, trenching and drilling to follow up these results.
In addition to technical exploration updates, Sky Gold’s news feed covers corporate and financing events, including non-brokered private placements of units and flow-through shares, use of proceeds for exploration, and corrections or clarifications to prior financing disclosures. The company also reports on agreements such as the definitive agreement with Gold X2 Mining Inc. for the staged acquisition of Sky Gold’s interest in the Star Lake option in Ontario, and on changes to its board of directors and advisory board.
By monitoring this page, readers can review Sky Gold’s historical and recent announcements on exploration progress, project-level transactions and capital-raising activities related to SRKZF and SKYG.
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.
Sky Gold Corp (TSXV:SKYG)(US:SRKZF) has received NOI level permits from the US Bureau of Land Management to drill its Evening Star Copper-Gold property in Mineral County, NV. The company plans a 3,500-foot drill program targeting two main areas: the Highlife Copper porphyry/skarn target and the Tower Gold intrusion-hosted target. At Highlife, samples showed up to 1.54% copper and 0.159 ppm gold, while Tower Gold rock samples yielded up to 18.21 ppm gold and 1.16% copper. The 1,450-acre property is located in the Walker Lane Trend, 10 miles east of Hawthorne and 52 miles southeast of the Yerington porphyry copper deposit.
Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) has received a 30-day extension from the TSX Venture Exchange to close its previously announced non-brokered private placement. The company has already closed two tranches of the placement, raising gross proceeds of $366,400. This includes the issuance of 6,600,000 non-flow-through units at $0.05 per unit and 520,000 flow-through units at $0.07 per unit.
Each non-flow-through unit comprises one common share and one transferrable share purchase warrant, allowing the holder to purchase an additional share at $0.07 for 36 months. Flow-through units include one flow-through share and one non-flow-through warrant, enabling the purchase of an additional non-flow-through share at $0.10 for 24 months. All securities are subject to a 4-month statutory hold period. The financing awaits final approval from the TSXV.
On July 5, 2024, Sky Gold Corp. (TSXV:SKYG, US:SRKZF) announced a 30-day extension granted by the TSX Venture Exchange to close its non-brokered private placement.
The company has raised $366,400 through two tranches, issuing 6,600,000 non-flow-through units at $0.05 per unit and 520,000 flow-through units at $0.07 per unit. Each non-flow-through unit comprises one common share and one warrant, allowing the holder to purchase an additional share at $0.07 within 36 months. Each flow-through unit comprises one flow-through share and one non-flow-through warrant, allowing the purchase of an additional non-flow-through share at $0.10 within 24 months.
All issued securities have a hold period of four months plus one day. The financing awaits final TSX Venture Exchange approval.
Sky Gold Corp. (TSXV:SKYG)(OTC PINK:SRKZF) has successfully closed the second tranche of its non-brokered private placement, raising gross proceeds of $36,400.
The company issued 520,000 flow-through units (FT Units) at $0.07 per unit. Each FT Unit includes one common flow-through share and one transferrable non-flow-through share purchase warrant. The warrant allows the purchase of an additional share at $0.10 within 24 months.
In this tranche, Sky Gold Corp. paid $1,680 in finders' fees and issued 24,000 non-transferable share purchase warrants to Sherbrooke Street Capital Inc., with each warrant exercisable at $0.10 for 12 months.
All issued securities are subject to a statutory hold period ending October 27, 2024. The funds will support exploration activities and general administrative purposes. Final approval from the TSX Venture Exchange is pending.