Subscribe to our mailing list to receive news releases and other materials related to Sky Gold Corp. Your email will never be shared and you can opt out at any time.
The Horne property is located in Northwestern Ontario and is comprises 26 mineral claims totalling 520 hectares. The property borders the Eureka Gold Zone currently being drilled by Delta Resources Ltd. (TSXV: DLTA), which is located in the Dawson Road Lots, straddling the Trans-Canada highway, approximately 50 kilometres west of the City of Thunder Bay, in northwestern Ontario.
To date, Delta Resources has traced the EGZ by diamond drilling over a minimum strike-length of 1.4 kilometres and to a vertical depth of approximately 220 metres. Gold is hosted in quartz-ankerite-pyrite veins and stock-work, within highly altered intermediate to mafic volcanic rocks, close to the contact with younger, Timiskaming-type sediments. The zone strikes east to east-southeast, dips steeply to the north and currently remains open along-strike and at depth.
The eastern extremity of the EGZ, as currently drill-tested, has returned the best results to date, with reported intercepts of 14.80 g/t gold over 11.9 metres (D1-22-18), 6.49 g/t gold over 10.0 metres (D1-22-24) as well as 130.00 g/t gold over 1.0 metre & 16.42 g/t gold over 1.5 metres (D1-22-25) (See Delta Resources Ltd. October 31st 2022 & March 21st 2023 News Releases). Visible gold has been observed in a large number of drill holes completed to date.
Sky Gold cautions investors that drill results and mineralization hosted on nearby properties is not necessarily indicative of mineralization that may be hosted on the Horne and Laurie properties.
The EGZ is intimately associated with a prominent magnetic low that continues for an additional 2 kilometres along trend to the east-southeast, beyond the high-grade intervals documented in the above drill holes. The magnetic low is thought to reflect hydrothermal alteration associated with gold mineralization. Clearly, this augurs well for extending the EGZ further to the east and expanding on the limits of known gold mineralization.
Discovery of the EGZ was made in follow-up work to an Ontario Geological Survey glacial till sampling program, completed in 1990. The survey delineated a clustering of sample sites over a large area yielding multiple pristine and modified gold grains, strongly suggesting a nearby bedrock source for such gold grains, in the immediate locale.
The Horne property appears to lie along structural and stratigraphic trend, to the east of the Eureka Gold Zone. The eastern extension of the prominent magnetic low, intimately associated with the EGZ on the Delta-1 property to the west, strikes across the northern portion of the Horne property. This suggests potential for a similar style of precious-metal mineralization as seen at the EGZ, to occur on the Horne property.
Coincident with the magnetic low on the Horne property, is a sample site containing 13 gold grains in glacial till, yielded by the same Ontario Geological Survey (OGS) alluded to above. Given that till samples in the OGS survey were collected at sites 3 square kilometres apart, there is plenty of room to detail and expand upon this anomalous site, in a more detailed follow-up survey to be completed by Sky Gold this field season.