With reference to its press release dated January 28, 2003, Skygold Ventures Ltd. (“Skygold”)wishes to clarify that the option agreement with Wildrose Resources Ltd. (“Wildrose”) dated January 20, 2003, which among other things provided for certain cash and cash and/or share payments to certain underlying claim holders, also includes payments to the underlying holders of theContinue Reading SKYGOLD PROVIDES CLARIFICATION ON OPTION AGREEMENT FOR SPANISH MOUNTAIN
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The company’s flagship project Spanish Mtn
Remains the centre of focus for the entire camp. Mineralization within the Main Zone is associated with at least three separate, sub-parallel stratigraphic horizons up to 500 m wide and up to 135 m thick. Geophysics completed in 2006, in conjunction with drilling and surface sampling has defined these favorable horizons over at least 2.5 km. The extent of drilling within the Main zone has tested only 20% of this area to date with a 97% success rate.
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