Wildsky Resources Inc. Receives Assay Results for Tailings Drill Program

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Vancouver, British Columbia--(Newsfile Corp. - October 25, 2018) - 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

Hole

Length(m)

Au_(ppm)

 

Hole

Length(m)

Au_(ppm)

L001

3.81

1.480

L065

3.51

0.850

L002

3.96

1.095

L066

3.96

0.705

L003

4.57

1.020

L067

3.66

0.984

L004

3.96

0.985

L068

4.27

1.125

L005

4.88

1.045

L069

5.49

1.185

L006

4.27

0.954

L070

4.57

1.695

L007

3.96

0.997

L071

6.71

1.310

L008

4.36

0.854

L072

2.29

1.500

L009

4.88

1.600

L073

6.71

0.884

L010

3.11

0.925

L074

4.27

0.980

L011

3.05

1.680

L075

3.51

1.965

L012

3.11

1.650

L076

2.13

1.985

L013

3.51

1.285

L077

4.27

0.905

L014

3.51

1.110

L078

1.52

0.862

L015

3.81

0.938

L079

2.74

1.205

L016

3.66

1.070

L080

1.68

1.325

L017

4.27

0.998

L081

3.20

0.846

L018

4.11

0.986

L082

3.35

0.747

L019

3.96

1.195

L083

3.08

0.931

L020

4.27

0.758

L084

3.96

0.744

L021

3.05

1.080

L085

3.66

1.060

L022

4.88

0.884

L086

3.66

0.939

L023

3.35

0.957

L087

3.66

0.946

L024

4.88

1.345

L088

3.35

0.816

L025

2.74

1.190

L089

3.66

1.385

L026

5.18

1.630

L090

4.33

0.984

L027

4.60

1.045

L091

1.83

1.685

L028

5.18

1.180

L092

5.79

0.865

L029

4.42

0.882

L093

5.49

1.820

L030

3.96

1.030

L094

7.01

1.040

L031

2.74

1.185

L095

2.74

6.670

L032

3.35

1.085

L096

5.64

1.140

L033

4.57

1.020

L097

5.18

1.830

L034

3.96

1.145

L098

3.96

0.938

L035

4.57

0.919

L099

3.66

0.956

L036

3.35

0.841

L100

3.96

0.926

L037

3.35

0.954

L101

3.66

0.904

L038

3.35

0.974

L102

4.27

1.190

L039

3.66

1.040

L103

4.27

0.943

L040

3.35

1.165

L104

3.66

0.772

L041

3.81

1.070

L105

3.66

1.055

L042

3.66

0.880

L106

4.88

1.265

L043

3.66

1.220

L107

6.10

0.966

L044

3.96

0.638

L108

5.18

3.550

L045

3.51

1.155

L109

2.74

0.781

L046

4.57

1.015

L110

5.18

1.135

L047

2.44

0.865

L111

1.83

1.000

L048

5.49

0.883

L112

5.18

1.100

L049

5.18

0.767

L113

1.83

5.810

L050

5.49

0.806

L114

1.52

3.880

L051

4.57

1.770

L115

3.96

0.937

L052

4.27

4.180

L116

4.27

0.871

L053

3.35

2.130

L117

3.96

0.858

L054

5.49

0.840

L118

3.66

0.922

L055

2.90

1.840

L119

5.49

0.886

L056

3.96

0.847

L120

5.49

1.205

L057

1.22

1.775

L121

6.10

1.135

L058

3.66

1.140

L122

4.27

1.210

L059

3.35

0.944

L123

3.96

1.430

L060

3.20

0.924

L124

2.44

0.506

L061

3.20

0.909

L125

5.64

1.765

L062

3.66

0.888

L126

5.64

1.755

L063

3.66

0.902

L127

4.57

1.235

L064

3.66

0.824

L128

6.71

1.270

 

 

 

 

 

 

 

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

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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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