Announcement • Apr 08
Sky Gold Corp. announced that it expects to receive CAD 1.5 million in funding Sky Gold Corp. announced a non-brokered private placement to issue 30,000,000 units at an issue price of CAD 0.05 for gross proceeds of CAD 1,500,000 on April 7, 2026. Each unit will be comprised of one common share and one transferable share purchase warrant. Each warrant will entitle the subscriber to purchase one warrant share for a 36-month period after the closing date at an exercise price of CAD 0.08 per share. Finder's fee will be paid pursuant to this financing. The private placement is subject to approval by the TSX Venture Exchange. New Risk • Mar 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$794k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$794k free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 1.0% per year over the past 5 years. Shareholders have been substantially diluted in the past year (44% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$4.34m market cap, or US$3.18m). Announcement • Jan 17
Sky Gold Corp. Reports Results from Recent Geophysical and Integrated Geological Surveys Completed At Its Evening Star Property, Located in the Prolific Walker Lane Gold Trend in Nevada Sky Gold Corp. reported results from recent geophysical and integrated geological surveys completed at its evening Star property ("Property"), located in the prolific Walker Lane Gold Trend in Nevada. High Life Target: Results from recent magnetic and Induced Polarization (IP) surveys completed on the Property reveal a geophysical footprint consistent with a gold-copper porphyry system at the High Life target. The surveys outline a large (approximately 1 km diameter), single positive magnetic anomaly. Three IP lines were completed across the High Life area and the associated magnetic anomaly. Results show overlapping resistivity and chargeability highs. The IP data also display strong geophysical zonation, characterized by an outer conductive ring surrounding an inner resistive core. Additionally, the results of a gravity survey conducted across High Life and Gold Bug in 2020, reveals that the High Life magnetic anomaly exhibits a rare coincident geophysical response, comprising a gravity high, resistivity high, and chargeability high. This combination significantly enhances the prospectivity of the target and supports interpretation of a large, intact porphyry system. CRD Potential in Historic Hole at Gold Bug: Carbonate replacement deposit (CRD)-style mineralization comprising galena and sphalerite in carbonate rocks were intersected in a historic hole drilled south of Gold Bug in 1970, returning 0.22% Cu, 3.24% Pb, 1.41% Zn and 76 g/t Ag over 150.2 metres. It was not assayed for gold. Within this broader intercept are higher-grade sections including 0.60% Cu, 14.88% Pb, 4.70% Zn and 408 g/t Ag over 6.10 metres. Results from the magnetic survey over the area of Gold Bug and evening Star targets show discrete magnetic anomalies that may represent skarn mineralization. This area of historic hole 70-1 will be followed up with drill testing to verify the CRD style and presence of skarn. Surrounding High Life are copper-gold vein targets at Tower Gold, Golden Bomber and Gold Bug, which are interpreted as shallower or peripheral expressions of the same system. Recent drilling at Tower Gold consisted of four short holes totaling 381 metres (average depth 76 metres) and is now interpreted to have tested the upper, oxidized portion of the system rather than the primary mineralized zone. At Golden Bomber surface sampling returned strong copper and high-grade gold up to 25.9 g/t Au and 1.01% Cu. Recent additional trenching has exposed several subparallel chalcedonic quartz veins (assays pending), suggesting a well-developed epithermal vein system. Collectively, both geological observations and geophysical data highlight the coherence of a large, concentrically zoned mineral system, defined by a solitary magnetic high at its centre. This integrated dataset reinforces the exploration model and provides a strong technical basis for ongoing drill testing at High Life and across the project area. 
