Stocks and Investing Stocks and Investing
Tue, June 1, 2010
Mon, May 31, 2010

Skyline Gold Initiates 2010 Exploration at Snip-1 High-Grade Gold and Silver Discovery Zone Adjacent Bronson Slope Project


Published on 2010-05-31 03:20:16 - Market Wire
  Print publication without navigation


RICHMOND, BRITISH COLUMBIA--(Marketwire - May 31, 2010) - Skyline Gold Corporation (TSX VENTURE:SK) ("the Company"), a company engaged in the exploration and development of its Bronson Slope project in north western British Columbia's 'Golden Triangle', is pleased to announce that it is initiating its 2010 exploration program to further explore the high grade gold and silver zone discovered in October 2009 on the Snip-1 tenure (# 523348). This high grade discovery zone on Snip-1 includes an interval with a composite grade of 4.70 grams/tonne [g/t] gold and 75.9 [g/t] silver over a 27.0 meter [m] interval, from 48 [m] to 75 [m] down-hole depth, as disclosed in the Company's news release of December 9, 2009. This drill core interval extends from approximately 24 [m] to 37 [m] vertical depth, respectively, below surface.

The first phase of the 2010 exploration program consists of approximately 2,000 [m] of diamond drilling to identify the extension and structure of the high-grade discovery zone that is located adjacent to the Bronson Slope gold/copper/magnetite/silver deposit and an induced-polarization (I.P.) geophysical survey. The I.P. survey will be conducted in and around the high-grade area of the Snip-1 discovery zone as well as on the adjacent Chopin I (# 222135) and Chopin II (# 222136) tenures that were acquired by the Company in November 2009.

Drilling has commenced and line-cutting has also begun in preparation for initiation of the geophysical survey this week. Assay results will be released to market as they are received from the assaying lab. This exploration field activity is expected to be completed by the end of June.

Drilling services are provided by Driftwood Diamond Drilling Ltd. of Smithers B.C., geophysical survey services are provided by Walcott Geoscience Inc. of Vancouver, line cutting services are provided by Tahltan Northern Exploration Services Ltd. (TNES) of Smithers B.C., helicopter transportation is provided by Vancouver Island Helicopters (VIH) Ltd. / Bear Dog Aviation Ltd. of Saanich B.C., fixed wing services are provided by Sustut Air Inc., and camp services are provided by Rugged Edge Holdings Ltd., both of Smithers, B.C. The exploration program is managed by Arnd Burgert, P.Geo. and geological consultation services are provided to Skyline Gold by David Yeager, P.Geo.

ON BEHALF OF THE BOARD OF DIRECTORS

SKYLINE GOLD CORPORATION

David Jensen, P.Eng., President

Cautionary Statement

Statements in this release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfill such forward-statements and the Company undertakes no obligation to update statements. Such forward looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contributing Sources