Sky Gold Corp. Update of Drilling and Geophysical Surveys at Evening Star Property, Nevada
Rhea-AI Summary
Sky Gold Corp (US:SRKZF) announced that diamond-core drilling has commenced at its flagship Evening Star property in the Walker Lane Gold Trend, Nevada, to test gold targets at the Tower Gold area.
The release notes a planned ~600 metre hole to test the deeper High Life Cu-Au porphyry after completion of ongoing geophysical work. Phase one of a drone-supported high-resolution magnetic and topographic survey is complete (flown on 50-metre line spacing) and results are being processed. An induced polarization (IP) survey is scheduled to begin within a week to refine targeting at High Life. Danae Voormeij, MSc, PGeo, reviewed and approved the technical information as the Qualified Person.
Positive
- Diamond-core drilling commenced at Evening Star on November 10, 2025
- Tower Gold target defined: 1-km long, 50-metre wide corridor
- Planned 600 metre drill hole to test High Life Cu-Au porphyry
- Phase one drone magnetic/topographic survey completed on 50 m spacing
- IP survey to start within a week to refine drill targets
Negative
- No drill assay results reported yet
- No timetable or budget disclosed for drilling or assays
News Market Reaction – SRKZF
On the day this news was published, SRKZF declined 13.31%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, BC / ACCESS Newswire / November 10, 2025 / SKY GOLD CORP. ("Sky" or the "Company") (TSX.V:SKYG)(US:SRKZF) is pleased to announce that drilling has commenced at the Company's flagship Evening Star property, located in the prolific Walker Lane Gold Trend in Nevada.
Drilling using a diamond-core drill rig is now underway to test certain gold targets at the Tower Gold area of the Evening Star project. Another target to be drill tested, with an approximate 600 meter hole, upon completion of an ongoing geophysical program, will be the High Life Cu-Au porphyry target.
The Tower Gold target comprises a one-kilometre-long, 50-metre-wide, northwest-trending high-grade gold corridor characterized by centimetre-scale extensional quartz veins hosted within a granite intrusion.
The High Life target represents a deeper copper-gold porphyry system with associated skarn mineralization at Gold Bug and Evening Star, identified through prior geological mapping, geochemical sampling, and historical data review.
Phase one of the geophysical surveys, a drone-supported high-resolution magnetic and topographic survey across the Evening Star Property, is now complete with results being processed at this time. The survey was flown on 50-metre line spacing and is designed to provide detailed subsurface structural and lithological information to assist in drill targeting.
Next up, an induced polarization (IP) survey is set to commence within a week to further refine drill targeting, at the High Life Cu-Au porphyry target.
Mike England, CEO of Sky Gold, commented "It is always an exciting time when the drill starts turning. We will keep updates coming as it proceeds."
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Danae Voormeij, MSc, PGeo, a Director of Sky Gold Corp. and a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
About Sky Gold Corp.
Sky Gold Corp. is a mineral exploration company focused on advancing precious and base metal projects in North America. The Company's flagship Evening Star Property, located in the prolific Walker Lane Gold Trend, hosts multiple high-priority gold and copper targets, including Tower Gold, High Life, Gold Bug, and Evening Star.
ON BEHALF OF THE BOARD
Mike England
CEO, PRESIDENT & DIRECTOR
FOR FURTHER INFORMATION PLEASE CONTACT
Tel: 1-604-683-3995
Toll Free: 1-888-945-4770
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements, including with respect to the completion of the Consolidation or the identification or acquisition of additional mineral assets. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company's control. These forward-looking statements are made as of the date of this news release.
SOURCE: Sky Gold Corp.
View the original press release on ACCESS Newswire
FAQ
What did Sky Gold (SRKZF) announce on November 10, 2025 about Evening Star drilling?
What is the scale of the Tower Gold target at Evening Star (SRKZF)?
What geophysical work has Sky Gold completed at Evening Star (SRKZF)?
When will Sky Gold (SRKZF) begin the IP survey at Evening Star?
Will Sky Gold (SRKZF) test a porphyry target at Evening Star?
Who approved the technical information in Sky Gold's (SRKZF) Evening Star update?
