Skyline Gold Corporation (TSX VENTURE:SK), a company engaged in the exploration and development of its Bronson Slope porphyry style gold-copper deposit in north western British Columbia's 'Golden Triangle', has announced assay results from the 1,063 meter definition drilling program at the high-grade gold outcrop zone at Johnny Creek drilled in October 2010.
Drilling occurred approximately 1,500 m south east of the Bronson Slope deposit, on the "Snip-1" mineral tenure adjacent and on the east and west side of the Johnny Creek gorge.
Assay results for the October 2010 definition drill program holes SK-10-11 through SK-10-18, which include screen for metallics analysis for all initial gold fire assay values over 3.0 grams/tonne (g/t) gold.
Hole SK-10-11 yielded no significant mineralization.
The assay data will be reviewed in conjunction with the structural geology analysis currently underway for the Snip-1 high grade gold exploration zone.
The drill core contains mineralization consisting of a stockwork of disseminated to semi-massive and massive textured sulphides including pyrite, sphalerite, galena, chalcopyrite and minor pyrrhotite with occasional instances of visible gold and electrum. This mineral assemblage is typical of occurrences that form in the haloes of porphyry copper-gold deposits; however, the high sulphidation character implies a "transition" to a separate mesothermal to epithermal style system. The host rocks are fine to coarse-grained volcaniclastic sedimentary rocks.
Characterizing the newly discovered high grade Johnny Creek gold occurrence (see Skyline Gold September 29, 2010 news release) was the objective of the October 2010 drilling. The mineralized structure was successfully traced for a distance of 25m to the west and 55m to the east. The program encountered significant structural offsets due to faulting that disrupted the continuity of the mineralized structure at these locations.
Due to the multiple mineralized directions encountered in the drilled area, the holes were not drilled exactly perpendicular to the strike and dip of the mineralization. The true thickness of the mineralization is less than the core lengths quoted.
An analysis of core angles noted during the core logging indicates several persistent orientations of mineralization. A common orientation of the mineralization was parallel to the Johnny Creek showing, striking approximately 120 degrees and dipping steeply to the north. Also of note was a second orientation striking approximately 120 degrees and dipping moderately to the southwest. This latter orientation is similar to the structures mined in the historic Snip Gold Mine (with production of over 1 million ounces of gold), located approximately 3.0 kilometres along strike to the northwest.
A trenching program was also performed concurrent with the October 2010 drilling program. Results of the trenching will be released separately after the assay results are compiled.
The results of the October 2010 drilling program will also be reviewed in conjunction with the results of the Spring 2010 drilling program, the Fall 2009 drilling program, the structural geology analysis of the Snip-1 high-grade gold zone, and the historical drilling that was performed in 1989.
David Yeager, P.Geo. the Company's consulting geologist who meets the requirements of a Qualified Person in accordance with N.I. 43-101, has reviewed this news release for technical accuracy.
Source: Skyline Gold Corporation