Skylark gets hot play in Nevada’s Carlin trend

Skylark Resources has entered into an agreement with a U.S. company to earn a 60% interest in a claim block located within the Carlin trend in Nevada. The property is surrounded on two sides by American Barrick Resources and Cornucopia Resources to the south. The claims are 11 miles northwest of Newmont Gold’s Carlin gold mine. Skylark says that an exploration program is being designed with work expected to begin shortly.

At the company’s OB silver-gold project near Greenwood, B.C., production is scheduled to begin by late fall. The project is a 50-50 joint venture with Viscount Resources.

The partners have extended the decline ramp to 1,355 ft. Also, four crosscuts to the H zone have been completed. Following completion of the decline, a program of raising and drifting on the H and Serp zones will begin. Reserves in the drill-indicated and possible categories total 116,300 tons grading 20 oz silver and 0.08 oz gold per ton.

In the Dease Lake area of B.C., Skylark holds an option to earn a 33.3% interest in the Hart’s Peak project. Partners include Newmont Mines and Kerr Addison Mines. Surface grab samples from the property returned high assays of 0.92 oz gold and 38 oz silver. A drill program is in progress.