Spanish Mountain Gold Ltd Formerly SKV Skygold. Date of change: Jan 14 2010
|An SI Board Since April 2007|
VANCOUVER, BRITISH COLUMBIA, Apr 03, 2007 (MARKET WIRE via COMTEX News Network) --
Skygold Ventures Ltd. (TSX VENTURE: SKV) ("Skygold") is pleased to announce the identification of four new exploration targets on its 100% owned Quesnel Trough SHG (sediment hosted gold) project in central British Columbia. The new targets are based on the results of Skygold's reconnaissance scale exploration program and each target is geologically similar to the Spanish Mountain discovery. Skygold controls one of the largest land packages in the Quesnel Trough area.
The regional program consisted of geological mapping, prospecting and soil and heavy mineral sampling over a large area of the claim holdings in central British Columbia (approximately 450,000 hectares) stretching intermittently from 100 kilometres southeast of Spanish Mountain to about 400 kilometres northwest of Spanish Mountain. Initial results have identified the four 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 targets have been named Spanish Creek-Bosk Lake, Prince George, Manson Creek and MT Property.
Robert Darney, P.Geo. and Bob Singh, P. Geo. are the qualified persons (as defined in NI 43-101) who have reviewed this news release.
Skygold Ventures is a Vancouver-based resource company exploring for precious metals in North America. Its shares trade on the TSX-V exchange under the symbol SKV.
Skygold's Spanish Mountain property, located near the historic town of Likely in south-central British Columbia, is one of the top gold prospects of the Cariboo region. Although Spanish Mountain has a long history of exploration, results from the past four years have produced the most convincing evidence to date that this exciting property may contain the source of some of the Cariboo's richest placer finds.
The Spanish Mountain project is a joint venture between Skygold and Wildrose Resources Ltd. Skygold owns a 70% interest and Wildrose holds a 30% participating interest.
SOURCE: Skygold Ventures Ltd.