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- Sky Metals (SKY) has updated the market regarding ongoing exploration at three of its NSW projects
- Nine reverse circulation holes were drilled at the Iron Duke target with wide zones of copper-sulphides intersected in all holes
- Samples have been submitted for analysis and results are pending
- Recently completed resampling at Galwadgere has increased the historical intercepts and Sky will include the results in the upcoming JORC 2012 resource
- An initial downhole electromagnetic survey has also been completed and results are being processed
- Finally, three holes were drilled at the Hume target to identify extensions to the previously identified high-grade gold mineralisation
- Sky is up 3.45 per cent on the market and shares are trading at 15 cents
Sky Metals (SKY) has updated the market regarding ongoing exploration at three of its NSW projects.
Iron Duke
Sky’s maiden reverse circulation drilling program has been completed at Iron Duke with nine holes, for 1650 metres, drilled.
Drilling was carried out to the north of the Iron Duke mine and intersected broad zones of dispersed sulphide mineralisation with minor visible chalcopyrite.
Unfortunately, two of the holes were abandoned due to excessive variation.
Wide zones of copper-sulphides were intersected in all holes and samples have been submitted for analysis with results pending.
Due to strong visual copper mineralisation, a diamond rig will be mobilised to site in the following weeks to undertake follow up drilling.
Galwadgere
Recently completed resampling has increased the historical intercepts and Sky will include the results in the upcoming JORC 2012 resource estimate.
Results from the sampling include 27.84 metres at 0.5 per cent copper and 0.07g/t gold from 175 metres including 4.25 metres at 1 per cent copper and 0.06g/t gold from 195 metres.
An initial downhole electromagnetic survey has also been completed and results are being processed.
Cullarin
Three holes were drilled at the Hume Target to identify extensions to the previously identified high-grade gold mineralisation and extend the mineralisation.
Up to 0.57g/t gold, 0.31 per cent copper and 6.36 per cent lead and zinc was intersected.
Diamond drilling was also completed at the Murray’s Target, where previous drilling has outlined a copper-gold target.
Three holes were drilled, and results are pending.
Sky is up 3.45 per cent on the market and shares are trading at 15 cents at 12:53 pm AEST.
