MAGNETITE RESOURCE: First numbers from Bronson Slope

BRITISH COLUMBIA — Richmond, BC-based Skyline Gold is exploring its Bronson Slop property in northwest British Columbia's Golden Triangle not only for precious and base metals but also for other metals. For the first time it has released a 43-101 resource estimate for the magnetite potential of the property.

At a cutoff grade of 7% by weight, the Bronson Slope measured and indicated magnetite resource is 100.6 million tonnes grading 8.8% magnetite or 8.9 million tonnes of contained magnetite.

Skyline is considering the recovery of gold, silver and copper using a conventional mill with magnetite to be recovered from the flotation tailings using magnetic separation equipment. Recovery rates of up to 95% are expected. The magnetite product would be suitable for use in dense media separation (DMS) at coal wash plants, says the company.

The Bronson Slope property is located 80 km east of Wrangell, AK. More information is available at www.SkylineGold.com.