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Sky Metals Ltd.

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Summary

Project:

Cullarin

Deposit:Hume
Location:Australia
Commodities:Lead-Zinc-Gold-Silver
Date:6/22/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:22-6-2020: Sky Metals Ltd. announces an Exploration/Drilling Update report for its Hume deposit at the Cullarin project. Drilling results incl. 69m @ 2.21g/t Au, 0.57% Pb, 0.90% Zn, 8g/t Ag from 49m. 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 pleased to provide an update on diamond drilling at its Hume Target within the Cullarin Gold Project near Goulburn in NSW (Figure 7). The current diamond drilling program has been focussed on testing the controls and extensions of high grade gold mineralisation in HUD002 (93m @ 4.24g/t Au; ASX SKY 10 February 2020). The results from HUD007 continue to demonstrate the outstanding potential of the Hume Target. Understanding of the geological controls on mineralisation at the Hume Target has steadily evolved as the drilling program has progressed. High grade gold mineralisation is currently interpreted to be associated with lead-zinc sulphides within zones of intense silica-sericite alteration in close proximity to the Hume Fault (Figure 2). This favourable silica-sericite alteration plus base metal sulphide has now been recognised over a strike length of at least 400m and is open to the south and at depth.

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