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Sky Gold Corp.: Sky Gold Intercepts Visible Gold in Hole MT-20-06 At Mustang Project, Newfoundland and Provides Drilling Update

(1) VANCOUVER, BC / ACCESSWIRE / December 30, 2020 / Sky Gold Corp. (TSX-V:SKYG) (OTC PINK:SRKZF) ( Sky Gold Corp. or the Company ) is pleased to report an update on the ongoing maiden diamond drilling program on the Company s Mustang Property contiguous to the Queensway Gold Project, owned by New Found Gold Corp. ( New Found Gold ), and the observation of fine grained visible gold in hole MT-20-06. Highlights include: Since mid-November, to date, seven holes have been completed on the Mustang Property, comprising 1,321 meters. Assays are pending. Six holes targeted the Mustang Zone and one hole tested for a parallel zone. All six holes on the Mustang Zone intersected prospective geology with a varying amount of quartz veining, brecciation and silicification, and quartz stockwork, with associated sulphides (pyrite, arsenopyrite, sphalerite, trace galena and chalcopyrite), in sediments (greywacke and siltstone) and in faulted graphitic siltstone.

Sky Gold Intercepts Visible Gold in Hole MT-20-06 At Mustang Project, Newfoundland and Provides Drilling Update