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Sky Metals Ltd.
Summary
| Project: | Cullarin | |
|---|---|---|
| Deposit: | Hume | |
| Location: | Australia | |
| Commodities: | Gold-Copper-Lead-Zinc-Silver | |
| Date: | 2/10/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-2-2020: Sky Metals Ltd. announces an Exploration/Drilling Update report for its Hume deposit at the Cullarin project. Drilling results incl. 93m @ 4.24g/t Au, 0.67% Pb, 1.2% Zn, 12g/t Ag from 56m. The Board of Sky Metals Limited (‘SKY’ or ‘The Company’ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Arundell (Internal) | |
| ABSTRACT: | The Board of Sky Metals Limited (‘SKY’ or ‘The Company’) is delighted to provide an update on its exploration activities at the Cullarin Gold Project located approximately 20km west of Goulburn in NSW. SKY’s maiden drilling programme at the Hume Prospect, Cullarin Project was completed in January 2020 with two diamond core holes drilled approximately 200m apart to test and extend the scale and tenor of gold mineralisation recorded in historic drilling. Both holes, HUD001 and HUD002, intersected a broad package of strongly altered volcaniclastic rocks with associated zinc and lead sulphides, consistent with the target ‘McPhillamy’s style’ gold mineralisation. Mineralisation in hole HUD002 was visibly stronger and included visible gold (Figure 1). The results from drillhole HUD002 indicate the potential for a significant high grade gold system at the Hume Prospect (Figure 2). Follow-up drill planning is well advanced. Hole HUD002 also included zones of significant core loss in the shallow sections of the hole associated with mineralisation thus these zones have been separated in the result summary below. Lower recoveries were associated with broken and clay altered zones. SKY CEO Mark Arundell commented; “These are outstanding results from our maiden drill programme and a very strong validation of the SKY gold strategy and targeting methodology. These drill results, combined with the soil results, upgrade both the potential tenor and scale of the Hume Target. The management and exploration team are justifiably proud of these exceptional results and we are tremendously excited by the possibilities of the next stage of exploration” | |
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