TSX-V:HGCTSX-V:HGCUS: HWTHFC



 October 25, 2018
Wildsky Resources Inc. Receives Assay Results For Tailings Drill Program

 

Wildsky Resources Inc. (formerly China Minerals Mining Corporation) (the “Company”) (TSX-V: WSK, US: HWTHF) announces that the company has received final assay results from the 2018 drilling program on the historic tailings deposit at its Table Mountain property. 

In July 2018, 512 metres was drilled in 128 holes to test the gold content of the historic ‘Erickson Gold Mine’ tailings deposit at the Table Mountain property.  Results for the tailings samples average 1.254 grams gold per tonne and range between 0.506 and 6.670 ppm Au (equivalent to grams gold per tonne; see table).  Thickness of the deposit averages 4.0 metres and ranges between 1.2 and 7.0 metres.  Gold is present throughout the deposit and is slightly higher (> 1.0 g/t Au) in the western half (see map below). 

Wildsky Resources 2018 Tailings Drilling Assay Results

Hole Length(m) Au_(ppm)   Hole Length(m) Au_(ppm)
L001 3.81 1.480   L065 3.51 0.850
L002 3.96 1.095   L066 3.96 0.705
L003 4.57 1.020   L067 3.66 0.984
L004 3.96 0.985   L068 4.27 1.125
L005 4.88 1.045   L069 5.49 1.185
L006 4.27 0.954   L070 4.57 1.695
L007 3.96 0.997   L071 6.71 1.310
L008 4.36 0.854   L072 2.29 1.500
L009 4.88 1.600   L073 6.71 0.884
L010 3.11 0.925   L074 4.27 0.980
L011 3.05 1.680   L075 3.51 1.965
L012 3.11 1.650   L076 2.13 1.985
L013 3.51 1.285   L077 4.27 0.905
L014 3.51 1.110   L078 1.52 0.862
L015 3.81 0.938   L079 2.74 1.205
L016 3.66 1.070   L080 1.68 1.325
L017 4.27 0.998   L081 3.20 0.846
L018 4.11 0.986   L082 3.35 0.747
L019 3.96 1.195   L083 3.08 0.931
L020 4.27 0.758   L084 3.96 0.744
L021 3.05 1.080   L085 3.66 1.060
L022 4.88 0.884   L086 3.66 0.939
L023 3.35 0.957   L087 3.66 0.946
L024 4.88 1.345   L088 3.35 0.816
L025 2.74 1.190   L089 3.66 1.385
L026 5.18 1.630   L090 4.33 0.984
L027 4.60 1.045   L091 1.83 1.685
L028 5.18 1.180   L092 5.79 0.865
L029 4.42 0.882   L093 5.49 1.820
L030 3.96 1.030   L094 7.01 1.040
L031 2.74 1.185   L095 2.74 6.670
L032 3.35 1.085   L096 5.64 1.140
L033 4.57 1.020   L097 5.18 1.830
L034 3.96 1.145   L098 3.96 0.938
L035 4.57 0.919   L099 3.66 0.956
L036 3.35 0.841   L100 3.96 0.926
L037 3.35 0.954   L101 3.66 0.904
L038 3.35 0.974   L102 4.27 1.190
L039 3.66 1.040   L103 4.27 0.943
L040 3.35 1.165   L104 3.66 0.772
L041 3.81 1.070   L105 3.66 1.055
L042 3.66 0.880   L106 4.88 1.265
L043 3.66 1.220   L107 6.10 0.966
L044 3.96 0.638   L108 5.18 3.550
L045 3.51 1.155   L109 2.74 0.781
L046 4.57 1.015   L110 5.18 1.135
L047 2.44 0.865   L111 1.83 1.000
L048 5.49 0.883   L112 5.18 1.100
L049 5.18 0.767   L113 1.83 5.810
L050 5.49 0.806   L114 1.52 3.880
L051 4.57 1.770   L115 3.96 0.937
L052 4.27 4.180   L116 4.27 0.871
L053 3.35 2.130   L117 3.96 0.858
L054 5.49 0.840   L118 3.66 0.922
L055 2.90 1.840   L119 5.49 0.886
L056 3.96 0.847   L120 5.49 1.205
L057 1.22 1.775   L121 6.10 1.135
L058 3.66 1.140   L122 4.27 1.210
L059 3.35 0.944   L123 3.96 1.430
L060 3.20 0.924   L124 2.44 0.506
L061 3.20 0.909   L125 5.64 1.765
L062 3.66 0.888   L126 5.64 1.755
L063 3.66 0.902   L127 4.57 1.235
L064 3.66 0.824   L128 6.71 1.270

This deposit has dimensions of approximately 175 x 150 x 4 metres, with an estimated volume of 105,000 cubic metres of tailings.   The holes were drilled at a regular spacing of approximately 25 metres with a sonic drill.  Each hole was 7.6 centimeters in diameter and the holes averaged 4 metres in depth.  Hole collar positions were located using a field grid and hand held GPS.  The cored material was collected in plastic tubes, which were then cut in half lengthwise.

Wildsky Resources 2018 Tailings Drilling Map

One half of the cored sample for each hole was bagged and shipped to ALS Laboratory Group Minerals Division in Whitehorse, YT for sample preparation, with geochemical analysis completed at ALS in North Vancouver, BC.  ALS is an independent commercial laboratory that meets all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015.  Analysis was by fire assay method using a 50 gram subsample, with the gold measured by ICP (analytical limits of 0.001-10 ppm Au).  The other half of the cored tailings was shipped to Bureau Veritas - Metallurgical Division in Richmond, BC for metallurgical testing.  Bureau Veritas is also an independent commercial laboratory that is compliant with ISO 9001 and with ISO/IEC 17025. 

QA/QC measures included a suite of 9 check assays performed by Bureau Veritas on rejects from ALS.  Analyses at Bureau Veritas were by fire assay method using a 30 gram subsample, with the gold measured by Atomic Absorption (analytical limits of 0.005-10.000 g/t Au).  Compared to the initial laboratory results, the check assays differed by -40% to +10% (average -12%).  This amount of difference may be attributed to the presence of coarse gold giving rise to a nugget effect. 

Metallurgical testing is underway to assess recovery by gravity separation.  Results are expected in the coming months. 

In addition, the Company is awaiting results from its 2018 soil sampling program conducted over the Lucky prospect, where results from historic 1986 sampling revealed highly elevated gold in soil values.   The Lucky prospect is essentially untested by drilling.

The technical disclosure in this news release was approved by Dr. Matt Ball, P.Geo., independent consultant to the Company and Qualified Person as defined by National Instrument 43-101.

About Wildsky Resources Inc.

Wildsky Resources Inc. is a Canadian based exploration and development company with office located in Vancouver, B.C. The Company’s goal is to create value for shareholders through continuously exploring and developing its current properties in BC and at the same time looking for new properties to acquire through its international connections.

For more information on Wildsky Resources, please contact the Company at (778) 889-4966, or visit the Company's website at www.wildskyresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"signed by Wenhong Jin"

Wenhong Jin
President and CEO

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 of accuracy of this release.

Cautionary Statement Regarding “Forward-Looking” Information

Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Wildsky Resources’ periodic filings with Canadian securities regulators. When used in this news release, words such as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “appear”, “should,” and similar expressions, are forward-looking statements.

Although Wildsky Resources has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward looking statements may differ materially from actual results or events.

Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this news release, and Wildsky Resources disclaims any intention or obligation to update or revise such information, except as required by applicable law.

 
 

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