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#Miningstocks: Wildsky Resources Inc. (TSXV: WSK) Receives Assay Results for Tailings Drill Program

 

Vancouver, British Columbia - October 25, 2018 (Newsfile Corp.) (Investorideas.com Newswire) Wildsky Resources Inc. (formerly China Minerals Mining Corporation) (TSXV: WSK) (OTC Pink: HWTHF) (the "Company") 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


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.

Figure 1. 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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