Wildsky Resources Inc. Receives Metallurgical Results for Tailings
Vancouver, November 7, 2018 - Wildsky Resources Inc. (formerly China Minerals Mining Corporation) (TSXV: WSK) (OTC Pink: HWTHF) (the "Company") announces that it has received initial metallurgical test results for gravity gold recovery from the 2018 drill samples of tailings at its Cassiar Gold project.
Results for metallurgical testing of tailings show good potential for gold recovery by centrifugal gravity concentration. Initial results were received for two splits from composite samples of tailings, collected in 2018 from drill holes at the Table Mountain mine tailings deposit. The splits were processed by centrifugal concentration (Knelson concentrator). Two 20 kg sample splits were subjected to three sequential passes through a concentrator with assays performed on the concentrate at each stage, as well as upgrading of the concentrate by hand panning with assays of the panned concentrate and pan tails at each stage. Sample 1 was split from a composite of half core samples of moist (wet) material submitted for metallurgical testing, and Sample 2 was obtained from composited dry assay reject material (see tables below).
For Sample 1, the concentrate grades are 34.45, 96.32 and 79.58 g/t Au (grams gold per tonne) from Pass 1, 2 and 3, respectively. For Sample 2, the concentrate grades are 146.09, 87.77 and 64.07 g/t Au from Pass 1, 2 and 3, respectively.
For Sample 1, the upgraded concentrate (panned Knelson concentrate) grades are 621.68, 9405.59 and 7227.12 g/t Au from Pass 1, 2 and 3, respectively. For Sample 2, the concentrate grades are 6217.94, 1425.72 and 1024.61 g/t Au from Pass 1, 2 and 3, respectively.
Gold recoveries are 10.6%, 57.9% and 71.9% for Pass 1, 2 and 3, respectively (Sample 1), and 52.5%, 62.5% and 67.5% respectively (Sample 2).
The calculated head grades are higher than the assayed grades. The assayed head grade is 0.941 g/t Au for Sample 1 and 1.084 g/t Au for Sample 2. The calculated feed grade from the process tests are 2.56 g/t Au for Sample 1 and 2.18 g/t Au for Sample 2.
The Company considers these results very significant because they indicate potential for concentrate grades that are acceptable for transport off site. The results also indicate that processing by flotation concentration may not be required. In addition, the calculated head grades suggest the gold content of the tailings may be higher than previously indicated.
Further metallurgical testing of the tailings is underway to assess gravity recovery on a larger sample (1 to 2 tonnes), representing about half of the material collected in 2018.
WildSky Resources - Gravity Recovery Test Results
Sample 1 (Wet)
| Products | Weight (g) | Weight (%) | Gold (g/t) | Distribution (%) |
| Pan Concentrate 1 Pan Tail 1 Gravity Concentrate 1 | 3.66 153.14 156.80 | 0.02 0.77 0.78 | 621.68 20.43 34.45 | 4.4 6.1 10.6 |
| Pan Concentrate 2 Pan Tail 2 Gravity Concentrate 2 Gravity Concentrate 1+2 | 2.26 148.42 150.68 307.48 | 0.01 0.74 0.75 1.54 | 9405.59 19.92 160.69 96.32 | 41.6 5.8 47.4 57.9 |
| Pan Concentrate 3 Pan Tail 3 Gravity Concentrate 3 Gravity Concentrate 1+2+3 | 0.89 153.84 154.73 462.20 | 0.00 0.77 0.77 2.31 | 7227.12 4.91 46.31 79.58 | 12.5 1.5 14.0 71.9 |
| Gravity Tails (triplicate assay) | 19,537.80 | 97.69 | 0.73 | 28.1 |
| Head Grade (Calculated) | 100.00 | 2.56 | 100.0 |
Sample 2 (Dry)
| Products | Weight (g) | Weight (%) | Gold (g/t) | Distribution (%) |
| Pan Concentrate 1 Pan Tail 1 Gravity Concentrate 1 | 2.94 153.72 156.66 | 0.01 0.77 0.78 | 6217.94 30.08 146.09 | 41.9 10.6 52.5 |
| Pan Concentrate 2 Pan Tail 2 Gravity Concentrate 2 Gravity Concentrate 1+2 | 2.41 151.73 154.14 310.79 | 0.01 0.76 0.77 1.55 | 1425.72 6.34 28.51 87.77 | 7.9 2.2 10.1 62.5 |
| Pan Concentrate 3 Pan Tail 3 Gravity Concentrate 3 Gravity Concentrate 1+2+3 | 1.32 147.80 149.12 459.91 | 0.01 0.74 0.75 2.30 | 1024.61 5.66 14.66 64.07 | 3.1 1.9 5.0 67.5 |
| Gravity Tails (triplicate assay) | 19,540.09 | 97.70 | 0.73 | 32.5 |
| Head Grade (Calculated) | 20,000.00 | 100.0 | 2.18 | 100.0 |
Testing was done by Bureau Veritas Metallurgical Division in Richmond, BC. Bureau Veritas is an independent commercial laboratory that is compliant with ISO 9001 and with ISO/IEC 17025. Assays were completed by the fire assay method on 30 gram subsamples, with AA finish for head and tails assays, and gravimetric determination for concentrates.
The technical disclosure in this news release was approved by Dr. Mathew Ball, P.Geo., member of the technical advisory board 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.