Skygold Ventures Ltd.: Gold System Potential Explodes at Spanish Mountain, Major Stepout Intersects 116.44 Metres of 1.34 g/t Gold.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Skygold Ventures Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:SKV SKV Sport Und Kulturverein (St. Oswald) SKV Socket Version ) and Wildrose Resources Ltd. (TSX VENTURE:WRS WRS Wisconsin Retirement System WRS Weather Reconnaissance Squadron (USAF) WRS Worldwide Reference System (USGS) WRS Water Recovery System WRS Wildlife Reserves Singapore ) are pleased to announce that results have now been received for all of the remaining 2005 drill holes on the Spanish Spanish, river, c.150 mi (240 km) long, issuing from Spanish Lake, S Ont., Canada, NW of Sudbury, and flowing generally S through Biskotasi and Agnew lakes to Lake Huron opposite Manitoulin island. There are several hydroelectric stations on the river. Mountain property, in central British Columbia. Results to date continue to intersect In a relational database, to match two files and produce a third file with records that are common in both. For example, intersecting an American file and a programmer file would yield American programmers. and expand significant gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. within the Main Zone. In addition, gold mineralization intersected in reconnaissance  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. drilling up to 500 metres west of the Main Zone highlights the potential for large-scale large-scale adj. 1. Large in scope or extent. 2. Drawn or made large to show detail. large-scale Adjective 1. wide-ranging or extensive 2. expansion of the known zone. To date 38 holes have been drilled within the northern 1km of the Main Zone, of which 33 holes have intersected significant intervals of gold mineralization. This represents a remarkable success rate of 87% for the 2004 and 2005 drill programs. Highlights of the latest results within the Main Zone include holes 279 and 310. Hole 279 drilled within the eastern-central portion of the Main Zone intersected two distinct zones averaging 39.50 metres of 1.55 g/t gold and 57.05 metres of 1.21 g/t gold. This confirms the interpretation of multiple sub-parallel zones which remain open in all directions. Hole RC-310 at the northern end of the Main Zone intersected 116.44 metres of 1.34 g/t gold to the bottom of the hole including 20.43 metres of 2.28 g/t gold. This hole represents one of the widest and highest grade gold intercepts on the property and demonstrates the potential for continued expansion of the Main Zone. The following tables summarizes significant results from recent drilling, a complete list of all results is posted on the company's website.
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Hole No. From (m) To (m) Interval (m) Gold g/t
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05-DDH-272 51.50 93.22 41.72 1.02
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incl. 75.00 89.50 13.00 1.87
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05-DDH-274 68.00 113.50 45.50 1.76
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incl. 84.50 109.00 24.50 2.52
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161.00 187.20 26.20 0.86
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incl. 161.00 167.70 6.70 1.58
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and 179.50 187.20 7.46 1.35
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05-DDH-275 45.00 68.50 23.50 0.90
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incl. 51.50 62.00 10.50 1.55
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115.00 144.50 29.50 1.45
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incl. 115.00 126.40 11.40 2.89
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180.50 229.50 49.00 0.86
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05-DDH-276 88.50 109.90 21.40 0.91
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incl. 88.50 93.50 5.00 2.76
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228.50 276.50 49.50 0.56
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incl. 247.00 260.50 13.50 1.12
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incl. 242.50 251.50 9.00 1.79
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05-DDH-279 55.00 94.50 39.50 1.55
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incl. 62.50 68.00 5.50 1.96
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and 87.20 93.00 5.80 6.14
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228.00 285.05 57.05 1.21
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incl. 242.50 251.50 9.00 1.79
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and 265.50 283.00 17.50 1.93
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05-DDH-280 62.50 120.40 57.90 1.09
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incl. 62.50 74.50 12.00 1.36
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and 103.50 120.40 16.90 2.28
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05SPRC-309 25.30 103.20 77.72 0.55
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incl. 57.30 87.78 30.48 0.79
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incl. 66.45 71.02 4.57 1.03
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05SPRC-310 end of hole 24.99 141.43 116.44 1.34
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incl. 32.61 69.80 37.19 1.77
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incl. 32.61 53.04 20.43 2.28
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88.09 101.80 13.71 2.33
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Reconnaissance drilling focused on both expanding the Main Zone to the east and west as well as testing new targets. Highlights of this program include holes 282, 283 and 285 which are shown on cross-section cross section also cross-sec·tion n. 1. a. A section formed by a plane cutting through an object, usually at right angles to an axis. b. A piece so cut or a graphic representation of such a piece. 2. 4+20 NE on the company's website. Holes 282 and 283 intersected 27.03 metres of 1.13 g/t gold and 25.5 metres of 1.04 g/t gold at the tops of the holes. In addition the last 10.00 metres of hole 283 averaged 1.45 g/t gold. These two holes have expanded the favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. corridor of mineralization to the east by 200 metres and again confirm the presence of multiple sub-parallel zones. Hole 285 intersected 20.05 metres of 1.05 g/t gold in the bottom of the hole. This intersection intersection /in·ter·sec·tion/ (-sek´shun) a site at which one structure crosses another. intersection a site at which one structure crosses another. is interpreted Translated from source code into machine code one line at a time. See interpreted language and interpreter. interpreted - interpreter to be an extension of lower zone mineralization and is located over 250 metres west of the Main Zone. This hole also intersected 12.10 metres of 1.66 g/t gold further up in the hole which would be interpreted as upper Main Zone mineralization. Reconnaissance hole RC-314, which tested a target approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 600 metres west of the Main Zone, intersected wide zones of lower grade mineralization similar to lower grade holes within the Main Zone. This hole demonstrates that main zone style mineralization can exist outside of the currently defined favorable corridor. The following table summarizes significant results from reconnaissance drilling (a complete list of results is available at the company's website).
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Hole No. From (m) To (m) Interval (m) Gold g/t
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05-DDH-281 153.50 162.50 9.00 1.08
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05-DDH-282 12.47 39.50 27.03 1.13
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incl. 12.47 23.00 10.53 2.16
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05-DDH-283 8.00 33.50 25.50 1.04
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incl. 9.00 17.00 8.00 1.64
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bottom of hole 256.50 266.50 10.00 1.45
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05-DDH-284 64.50 69.50 5.00 0.90
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05-DDH-285 147.50 159.64 12.10 1.66
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end of hole 262.50 282.55 20.05 1.05
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incl. 268.50 276.00 7.50 1.82
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05SPRC-311 12.80 29.56 16.76 0.61
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incl. 17.37 21.95 4.58 1.03
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131.67 134.20 3.05 2.79
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05SPRC-312 no significant values
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05SPRC-313 1.52 26.52 25.00 0.55
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incl. 18.90 24.99 6.09 1.71
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05SPRC-314 21.34 99.67 78.33 0.32
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incl. 21.34 34.14 12.80 0.64
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and 92.05 99.67 7.62 0.69
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Skygold management is very pleased with exploration progress on the Spanish Mountain project. While the Main Zone continues to show continuity and grade, reconnaissance drilling has shown that the overall potential of the property has not been fully realized. Hole RC-310 drilled on the northern end of the Main Zone emphasizes that although the project is at an advanced stage of exploration, the potential for new discoveries is very high. Management is currently formulating plans for a 2006 diamond drill campaign to both expand the Main Zone and to test outlying out·ly·ing adj. Relatively distant or remote from a center or middle: outlying regions. outlying Adjective far away from the main area Adj. 1. targets. The Spanish Mountain project is a joint venture between Skygold Ventures Ltd. and Wildrose Resources Ltd. in which Skygold has a 70% participating interest and Wildrose has a 30% participating interest. Eco Tech Laboratory Ltd. of Kamloops Kamloops (kăm`l  ps), city (1991 pop. 67,057), S British Columbia, Canada, at the junction of the North Thompson and South Thompson rivers. B.C., an accredited accreditedrecognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. laboratory, is conducting the sample preparation and analyses. Skygold/Wildrose is submitting standards, blanks and duplicates into the sample stream to maintain quality control. All gold analyses will utilize standard screen metallic assay ASSAY. A chemical examination of metals, by which the quantity of valuable or precious metal contained in any mineral or metallic mixture is ascertained. 2. By the acts of Congress of March 3, 1823, 3 Story's L. U. S. 1924; of June 25, 1834, 4 Shars. cont. Story's L. U. S. techniques. Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. Darney, P.Geo. and J.W. (Bill) Morton Morton, village (1990 pop. 13,799), Tazewell co., central Ill., in a grain-farming and livestock area; inc. 1877. Food is canned, and tractor parts, washing machines, and pottery are manufactured. , P. Geo. are the qualified persons (as defined in NI 43-101) who have reviewed this news release. On Behalf of the Board, SKYGOLD VENTURES LTD. Doug DOUG Dumb Old Utility Guy Fulcher, President This news release may contain certain "Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of Section 21E of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Securities Exchange Act of 1934, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. . All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed dis·close tr.v. dis·closed, dis·clos·ing, dis·clos·es 1. To expose to view, as by removing a cover; uncover. 2. To make known (something heretofore kept secret). in the Company's documents filed from time to time with the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. , the British Columbia Securities Commission The British Columbia Securities Commission (BCSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of British Columbia. External links
The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. Skygold Ventures Ltd. (TSX VENTURE:SKV) |
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