Sky Gold Corp. (TSX-Venture:SKYG) has been chomping at the bit to get down to business on the Clone Property in British Columbia’s Golden Triangle. Thursday, it got the green light from the province’s mines ministry to commence work.
The permit allows for drilling from 25 drill sites, and 10 trench areas over a five-year period, covering the expanded Clone property and includes the Southern Glory Prospect, which was discovered last year, and which returned 6.45% Copper, 162 g/t Ag, 0.11 grams per tonne gold, (1 m chip sample), and 4.11% Cu, 160 g/t Ag, 0.52 g/t Au, (1 m chip sample).
Said CEO Mike England, "Receipt of the work permit and commencement of the drill program represent significant milestones for the Company. We are looking forward to an exciting field season at Clone. Our understanding of the property is the best it has ever been and we are poised to build on discoveries made by our field crews in 2018, during our 2019 field campaign."
Sky shares chugged up half a cent, or 14.3%, to four cents, on volume of 540,000