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Note that the drill hole assay data above was taken from historical press releases of another company which were disseminated prior to National Instrument 43-101 –
Standards of Disclosure for Mineral Projects (“
NI 43-101”) being enacted and Southern Sky was not able to locate these drill cores for independent verification.
Over the last eighteen months, Southern Sky has been working with a publicly traded company, Zonte Metals Inc. (TSX:V-ZON) (“
Zonte”), whereby Zonte provided technical advice and permitted Southern Sky to secure a five-year option agreement with a Colombian private company that holds Project X. Southern Sky has the rights to acquire a net 75% interest in the property and Zonte retains the rights to a 25% carried interest until a production decision. Southern Sky shall be the operator of Project X.