Skygold Ventures while exploring its Spanish Mountain Property in south-central British Columbia has made one of the most important gold discoveries in recent provincial history sparking the largest staking rush ever recorded in the province. The interest level exploded after the bulk tonnage gold discovery at Spanish Mountain was confirmed to belong to a variety of gold deposits known as Sediment Hosted Gold Systems which host some of the largest gold dominated systems in the world.
Skygold holds a technical advantage from the knowledge and data being produced from the Spanish Mountain discovery and used it quickly to play a dominant role in the development of an emerging new gold district stretching some 500 miles through the Quesnel Trough of central B.C.
After acquiring one of the largest land packages in the belt (approximately 450,000 hectares) Skygold completed a massive regional exploration program to identify the potential for addition sediment hosted gold systems. Initial result have identified four new targets, each demonstrating moderate to strongly anomalous gold geochemical values, and all within areas of black clastic sediments that are very similar to those seen at Skygold’s Spanish Mountain property. The four latest targets have been named Spanish Creek-Bosk Lake, Prince George, Manson Creek and the MT Property.
The company’s flagship project Spanish Mtn remains the centre of focus for the entire camp. Mineralization within the Main Zone is associated with at least three separate, sub-parallel stratigraphic horizons up to 500 m wide and up to 135 m thick. Geophysics completed in 2006, in conjunction with drilling and surface sampling has defined these favorable horizons over at least 2.5 km. The extent of drilling within the Main zone has tested only 20% of this area to date with a 97% success rate.
An aggressive exploration campaign for all targets including a 60,000 metre drilling effort at Spanish Mountain alone will continue to provide a flood of development news for Skygold and the Sediment Hosted Gold Belt of central British Columbia.
