Sky Gold hires Titan for Evening Star drill program

Executive Summary

• Sky Gold Corp. has engaged Titan Drilling for an upcoming diamond core drilling program at its Evening Star property in Nevada, with permitting in progress and commencement expected in early April.
• The drilling program aims to test the High Life copper-gold porphyry system and verify historical CRD-style mineralization and skarn presence at the Gold Bug target (historical hole 70-1).
• Recent geophysical surveys (magnetic, IP, and gravity) at the High Life target reveal a large, intact porphyry system signature, enhancing the prospectivity of the area.

Key Details

• Drilling Contractor: Titan Drilling (based in Spring Creek, Nev.).
• Program Start Date: Early April (subject to permitting).
• Targets:
  • High Life: Testing a copper-gold porphyry system.
  • Gold Bug: Verifying CRD-style (carbonate replacement deposit) mineralization and skarn presence based on historical hole 70-1.
• Geological Activity: The geological team is currently on-site mapping, sampling, and preparing drill sites.
• High Life Geophysical Results:
  • Magnetic and Induced Polarization (IP) surveys completed.
  • Identified a large (~1 km diameter) single positive magnetic anomaly interpreted as the potassic core of a porphyry system.
  • Three IP lines show overlapping resistivity and chargeability highs with strong geophysical zonation (outer conductive ring, inner resistive core).
  • 2020 gravity survey shows a coincident response: gravity high, resistivity high, and chargeability high, supporting the interpretation of a large, intact porphyry system.
• Historical Data (Gold Bug / Hole 70-1):
  • Historical hole drilled in 1970 reported: 0.22% Cu, 3.24% Pb, 1.41% Zn, and 76 g/t Ag over 166 meters.
  • Higher-grade intercept within the broader zone: 0.60% Cu, 14.88% Pb, 4.70% Zn, and 408 g/t Ag over 6.10 meters.
  • Historical hole was not assayed for gold.
  • Magnetic surveys over Gold Bug and Evening Star show discrete anomalies potentially representing skarn mineralization.
• Qualified Person: Danae Voormeij, MSc, PGeo, Director of Sky Gold, reviewed and approved the technical information under National Instrument 43-101.

Notable Quotes

• "We are very excited to get drilling again at Evening Star, this time backed with new geophysical data, as well as recently uncovered co-ordinates from a wildcat hole drilled in 1970 that reported 0.22 per cent Cu, 3.24 per cent Pb, 1.41 per cent Zn and 76 g/t Ag over 166 metres*." — Mike England, CEO