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Sky Metals Ltd.
Summary
| Project: | Cullarin | |
|---|---|---|
| Deposit: | Hume | |
| Location: | Australia | |
| Commodities: | Lead-Zinc-Silver-Gold | |
| Date: | 5/25/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-5-2020: Sky Metals Ltd. announces an Exploration/Drilling Update report for its Hume deposit at the Cullarin project. Drilling results incl. 123.6m @ 0.32g/t Au, 0.16% Pb, 0.26% Zn, 2g/t Ag from 24.4m. The Board of Sky Metals Limited (‘SKY’ or ‘The Com | |
| 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 Project near Goulburn in NSW (Figure 9). SKY is systematically testing the high priority Hume Target at its Cullarin Gold Project. The program has been focussed on determining the controls and extensions of high grade gold mineralisation in HUD002 (93m @ 4.24g/t Au; ASX SKY 10 February 2020). As the drilling program has progressed, the geological model for the Hume Target has steadily evolved. High grade gold mineralisation is interpreted to be hosted by pyrite and base metal sulphides associated with intense silica-clay/sericite alteration in close proximity to the Hume Fault (Figure 2). This favourable clay/sericite plus pyrite-base metal sulphide alteration zone has now been recognised over a strike length of ~650m. SKY CEO Mark Arundell commented; “The diamond drilling program in progress at the Hume Target has enabled SKY’s geological team to rapidly determine the controls on high grade mineralisation This means SKY can more accurately site drillholes that will enhance the size, grade and thus value of the Hume Target. The scale of alteration and mineralisation observed is significant and SKY greatly anticipates the next round of assays.” | |
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