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Sky Metals Expands Tallebung High-Grade Tin Discovery

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THE DRILL SERGEANT: Sky Metals (ASX: SKY) declared growth of the company’s 100 per cent-owned Tallebung tin project in central New South Wales.

Sky Metals made the declaration on the back of recent Reverse Circulation (RC) drilling that commenced in mid-April.

Shallow, high-grade tin intersected in the first three holes of the RC program included:

TBRC118
6 metres at 1.01 per cent tin from 52m, including 2m at 2.54 per cent tin from 54m;

TBRC116
13m at 0.33 per cent tin from 70m, including 5m at 0.74 per cent tin from 76m; and

TBRC117
2m at 1.1 per cent tin from 69m.

“We have made a cracking start to the RC program, with shallow, high-grade tin returned in each of the first three holes,” SKY Metals managing director & CEO Oliver Davies said in the company’s ASX announcement.

“The initial drilling has expanded the high-grade zone immediately south of the MRE, adding substantial momentum to our current exploration program.

The 2.54 per cent tin intercept equates to over 8.5 per cent copper with the tin price 3-3.5 times the copper price at current LME spot prices.

“This demonstrates the very high value of these intercepts and reinforces the strategic importance of the shallow extensions we are finding to the south and east of the current deposit.

“This is an exciting time for our shareholders as we begin to uncover the true potential of this extensive tin field.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Sky Metals Reports Resource Expansion Drilling Results from Tallebung Tin Project

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THE DRILL SERGEANT: Sky Metals (ASX: SKY) reported results of a first phase of resource expansion and infill drilling recently undertaken at the company’s Tallebung project in New South Wales.

The Tallebung project covers the historic Tallebung Tin Mining Field at the northern extent of the Wagga Tin Belt within the central Lachlan Orogen in NSW, where SKY has defined a maiden mineral resource estimate (MRE) of 10.2 million tonnes at 0.18 per cent tin.

The company explained its recent drilling efforts were aimed at building to a critical mass resource target for mine scoping studies and potential future mining.

Assay results for 15 of the 25 holes competed at the Tallebung project have been received, and include:

TBRC059
19m at 0.27 per cent tin from 17m, including 5m at 0.83 per cent tin from 19m;

TBRC056
10m at 0.31 per cent tin from 68m, including 1m at 0.94 per cent tin from 69m; and

TBRC057
6m at 0.49 per cent tin and 40 grams per tonne silver from 34m, including 1m at 2.3 per cent tin and 83.8g/t silver from 35m.

Sky anticipates assays for the remaining 10 holes to be received over the coming weeks.

“The consistent nature of these results, combined with the extension of high-grade zones, will significantly grow an updated resource at the Tallebung project on receipt of all of the outstanding results,” SKY CEO Oliver Davies said in the company’s ASX announcement.

“SKY looks forward building on the Tallebung resource, continuing towards and growing the Exploration Target of 16-21 million tonnes at 0.16-0.2 per cent tin in the coming months.

“This will provide SKY with the ‘critical mass’ with which SKY can begin to release mine scoping studies.”

 

 

Sky Metals Intersects High-Grade Copper-Gold at Galwadgere

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THE DRILL SERGEANT: Sky Metals (ASX: SKY) is conducting programs of RC percussion and diamond drilling at the company’s Galwadgere copper-gold project near Wellington in New South Wales.

Sky Metals is drilling to test the strike and depth extent of the Galwadgere copper-gold deposit.

Seven holes have been completed to date that have intersected what the company consider encouraging widths of copper sulphide mineralisation (chalcopyrite), pyrite, quartz veining and associated alteration.

Two zones of high-grade copper-gold mineralisation were intersected in GARC002 within a wide zone of copper-gold mineralisation, returning:

GARC002
53 metres at 0.55 per cent copper, 0.75 grams per tonne gold from 142m, including 6m at 1.04 per cent copper, 2.15g/t gold from 142m and, 5m at 1.98 per cent copper, 3.91g/t gold from 183m.

“Results from drillhole GARC002 are considered both very exciting and extremely encouraging,” Sky Metals CEO Mark Arundell said in the company’s ASX announcement.

“The copper sulphide mineralisation and veining encountered in both the RC and diamond drillholes provides SKY with great confidence in the potential of the Galwadgere copper-gold project.

“Diamond and RC drilling at Galwadgere is part of the company’s aggressive exploration program focussed on drill testing high-potential targets.

“Currently, drill testing of high-quality gold targets at Hamilton (Cullarin project) and Caledonian is in progress.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@skymetals.com.au

 

Web: www.skymetals.com.au

 

 

Sky Metals Drilling at Galwadgere Deposit

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THE DRILL SERGEANT: Sky Metals has commenced a program of RC percussion drilling at the company’s 80 per cent-owned (with an option to purchase 100%) Galwadgere copper-gold project near Wellington in New South Wales.

Sky Metals is drilling to test a series of targets at the Galwadgere deposit that will entail a program of four to eight 200 to 250m drillholes to test the Galwadgere mineralisation down dip and along strike as well as confirm historic drill intersections.

“RC percussion drilling at Galwadgere is part of the company’s aggressive exploration program focussed on the drill testing of high priority targets,” SKY Metals CEO Mark Arundell said in the company’s announcement to the Australian Securities Exchange.

“Drilling is primarily focussed on extending both the strike and down dip extent of the Galwadgere mineralisation.”

GARC001 was drilled to test the downdip extent of mineralisation intersected at the southern end of the Galwadgere deposit.

The drillhole did not achieve its target depth of 200m, but intersected a sequence of intensely altered rocks (mostly sericite) with associated pyrite mineralisation from 100m depth.

The company has interpreted this to be proximal alteration of the copper-gold mineralisation and has read the results as being encouraging.

Sky Metals plans to deepen this drillhole with diamond core.

GARC002 was drilled to test the downdip extent of strong mineralisation intersected in previous Alkane drillholes GAL008 (47m at 0.9% copper and 1.58g/t gold from 122m).

Strong sulphide mineralisation (pyrite +/- chalcopyrite) mineralisation was intersected over an approximate 50m zone from 140 to 190m downhole before the drillhole passed into ‘footwall’ unaltered Devonian sediments at approximately 197m.

Samples from these first two drillholes have been submitted for analysis, from which the company anticipates results mid-November.

 

TO READ THE FULL ANNOOUNCEMENT: CLICK HERE

 

Email: admin@skymetals.com.au

 

Web: www.skymetals.com.au

 

 

SKY Metals Audit of Historic Drilling Provides Priority Targets

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THE DRILL SERGEANT: SKY Metals (ASX: SKY) reported on recent activities at the company’s Cullarin gold and Doradilla tin projects, both in New South Wales.

Drilling results achieved by SKY Metals at the Cullarin gold project that included “outstanding” gold mineralisation intersected in drillhole HUD002, provided the impetus for the company to carry out an audit of historic drillholes at the NSW Government drillcore library at Londonderry in western Sydney.

The audit revealed that a total of 38 drillholes were located at the core library in the area of the Hume Target.

From this stash, SKY has identified ten drillholes as high priority to evaluate the strike of the HUD002 mineralisation and to assess the eastern limb of the soil anomaly north of the hole.

In total, approximately 3,100m of drillcore has been identified as available for sampling.

Most of this drillcore is uncut and, as such, no high precision gold analysis has been undertaken.

SKY has submitted three batches of samples for analysis and expects results soon.

The company has also submitted drill permits for follow up diamond core drilling of the HUD002 intersection, with drilling scheduled for commencement in late March.

“The identification of unsampled drillcore at the Londonderry core library is an unparalleled chance for SKY to fast track the evaluation of the Hume Target,” SKY Metals CEO Mark Arundell said in the company’s announcement to the Australian Securities Exchange.

“Although the drillhole locations are not ideally placed, the data generated from the SKY sampling program will be an enormous benefit in the assessment of the Hume Target.

“Besides the cost saving of over $400,000 in drilling expenses, SKY also benefits in the ability to target the follow up drill campaign of the Hume Target based on the results of the legacy core sampling.”

At its Doradilla tin project, SKY completed RC drilling of multiple targets testing shallow, high-grade tin-polymetallic mineralisation in late 2019 that was designed to test the continuity and extensions to existing polymetallic tin mineralisation at the 3KEL prospect and shallow, high-grade tin mineralisation (as cassiterite) at the Doradilla tin prospect.

Results from the recent drilling include:

3KRC001
17 metres at 1.36 per cent tin, 0.69 per cent copper, 70 grams per tonne indium from 34m;

3KRC002
6m at 1.11 per cent tin, 1.48 per cent copper, 44g/t silver, 65g/t indium from 105m;

3KRC003
10m at 1 per cent tin, 0.8 per cent copper, 53g/t indium from 25m; and

DORC001
11m at 1.04 per cent tin, 0.26 per cent lead from 37m.

SKY considers the intersection of shallow mineralisation at both Doradilla and 3KEL has confirmed the tenor and width of oxide tin mineralisation at the two prospects.

 

Web: www.skymetals.com.au