Skyline Gold Corporation
TSX VENTURE : SK

Skyline Gold Corporation

August 24, 2007 13:37 ET

Skyline Announces Additional Assay Results

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2007) - Skyline Gold Corporation ("the Company") (TSX VENTURE:SK) is pleased to announce additional assay results from two drill holes on its Bronson Slope gold-copper-silver-molybdenum deposit in northwestern British Columbia.

Partial assay results from drill hole L0702 were previously reported as follows:



----------------------------------------------------------
From To Intercept Au Cu Ag Mo
(metres) (metres) (metres) (g/t) (%) (g/t) (%)
----------------------------------------------------------
3.4 222.5 219.1 0.727 0.238 3.0 0.006
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including
----------------------------------------------------------
134.1 147.7 13.6 2.445 0.362 16.5 0.001
----------------------------------------------------------


The complete assay results for drill hole L0702, drilled to a depth of 393.2 metres, are as follows:



----------------------------------------------------------
From To Intercept Au Cu Ag Mo
(metres) (metres) (metres) (g/t) (%) (g/t) (%)
----------------------------------------------------------
3.4 393.2 389.8 0.506 0.181 2.4 0.008
----------------------------------------------------------
including
----------------------------------------------------------
3.4 256.0 252.6 0.688 0.233 3.0 0.007
----------------------------------------------------------


Drill hole L0703 was drilled 400 metres to the west of drill hole L0702 and to a depth of 295.7 metres. The assay results for this hole are as follows:



----------------------------------------------------------
From To Intercept Au Cu Ag Mo
(metres) (metres) (metres) (g/t) (%) (g/t) (%)
----------------------------------------------------------
18.3 295.7 277.4 0.407 0.231 1.7 0.010
----------------------------------------------------------
including
----------------------------------------------------------
18.3 125.0 106.7 0.533 0.290 1.9 0.013
----------------------------------------------------------


The Company recently engaged an international engineering and construction company to prepare a Preliminary Economic Assessment (PEA) of the Bronson Slope deposit. Since these drill results will have a significant impact on the mine plan, the PEA will be delayed to allow time to incorporate the drilling results into a new resource estimate.

Samples from drill holes L0710 and L0705 are in for assay and will be reported when the assays are received. These holes are infill holes between holes L0702 and L0703 but will also test unexplored areas to the south.

ON BEHALF OF THE BOARD OF DIRECTORS

SKYLINE GOLD CORPORATION

J.J. (Jeff) Smulders, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Skyline Gold Corporation
    J.J. (Jeff) Smulders
    President
    (604) 270-3878
    (604) 270-3858 (FAX)
    Website: www.skylinegold.com