Skyline Gold Corporation

Skyline Gold Corporation

December 11, 2006 12:18 ET

Skyline Announces Assay Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 11, 2006) - Skyline Gold Corporation (the "Company") (TSX VENTURE:SK) announces complete assay results from the 2006 drilling program on its Bronson Slope property in northwestern British Columbia:

Drill Hole From To Intercept Au Cu Ag Mo
Number (metres) (metres) (metres) (g/t) (%) (g/t) (%)
200601 6.8 31.0 24.2 0.723 0.264 3.46 0.0020
200602 2.7 138.6 135.9 0.402 0.195 2.83 0.0031
200603 8.6 270.0 261.4 0.603 0.235 2.84 0.0023
Including 245.6 248.6 3.0 4.448 0.656 4.1 0.0027
200604 4.5 122.0 117.5 0.652 0.208 4.33 0.0012
Including 84.0 87.0 3.0 11.374 0.337 9.1 0.0018

These assays were obtained from in-fill drill holes in the Company's Bronson Slope deposit within the Red Bluff zone of mineralization. As part of the Company's ongoing QA/QC program, the samples from the high grade intersections reported above in Holes 200603 and 200604 and others are currently being re-assayed. The results from the 2006 drilling program, along with the historical drilling data base, will allow the Company to complete a current resource estimate for the Bronson Slope deposit that is compliant with National Instrument 43-101.

The Bronson Slope historical mineral resource is summarized below along with the contained metal content:

Bronson Slope
Historical Mineral Resource Estimate with Contained Metals
US $6 NSR Cut Off
Au Ag
Category Tonnes g/t g/t Cu % Au - Ozs Ag - Ozs Cu - Lbs
Measured 2,280,000 0.574 2.59 0.210 42,076 189,856 10,555,625
Indicated 65,000,000 0.527 2.46 0.195 1,101,323 5,140,901 279,433,050
Total 67,280,000 0.528 2.46 0.196 1,143,399 5,330,757 289,988,675

Inferred 24,300,000 0.454 2.23 0.199 354,693 1,742,216 106,607,842

Assay results from drill hole 200601 and the first 88.4 metres of drill hole 200602 were reported in the Company's November 20, 2006 news release. Assay results for drill holes 200601, 200603 and 200604 exceed the measured and indicated Historical Resource Estimate grade for all metals. These holes were drilled, in part, in an area of higher grade mineralization. Limited analysis of the 2006 drill results indicates that they are comparable to adjacent historical holes. The assay results for each drill hole are reported in detail on the Company's website.

The Historical Resource Estimate did not include molybdenum; however Bronson Slope is known to contain zones of molybdenum mineralization. All the core from this year's drilling was analyzed for molybdenum with the objective of its inclusion in a future current resource estimate.

The 2006 drilling results are seen as positive as they confirm the historical drill data in a higher grade portion of the Bronson Slope deposit which will, in part, enable the estimation of a current resource.


J.J. (Jeff) Smulders, President

Mr. Cam DeLong, B.Sc., M.Sc. (Geology), and Mr. Lou Straith, A.Sc.T., managed the drilling program on the Bronson Slope property. Mr. A.A. Burgoyne, M.Sc., P.Eng. is the designated Qualified Person (Q.P.) for the project and has verified the data disclosed. He has determined that the laboratory reports matched the drill sample logs and that the quality control assays fall within reasonable limits. Skyline Gold Corporation's QA/QC procedures incorporate blanks and duplicates inserted at the drill site and standards after sample preparation. Drilling is by wire line core using diamond bits. ACME Analytical Laboratories Ltd. in Vancouver, British Columbia (an ISO9001:2000 Accredited lab) process a one-half split of HQ diameter core from each three-metre section of the drill hole weighing approximately 12 kg. Analyses for gold are with a 50 gram sub sample, fire assay fusion with ICP-ES (Induced Couple Plasma-Emission Spectrographic) finish; copper analyses are with a 1 gram sub sample, aqua regia digestion followed by ICP-ES finish; silver and molybdenum analyses are with a 0.5 gram sub sample, aqua regia digestion followed by ICP-ES finish.

Cautionary Statement

Statements in this release may be viewed as forward-looking statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from those projected. There are no assurances the Company can fulfil such forward-statements and the Company undertakes no obligation to update statements. Such forward-looking statements are only predictions; actual events or results may differ materially as a result of risks facing the Company, some of which are beyond the Company's control.

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
    (604) 270-3878
    (604) 270-3858 (FAX)