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Skylark Minerals Limited (ASX:SKM)

ALERT: Price-sensitive ASX Announcement for SKM
Current share price for SKM : $0.295 0.04 (15.69%)+
Announcement
Release
4 May 2026 8:47AM
Price at Release
$0.255
Full Release
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Summary
Skylark Minerals Limited has reported significant assay results from its M’Basso Zone, part of the Zaranou Gold Project in Côte d'Ivoire. The results include multiple broad intersections of gold mineralisation, with some extending up to 62 meters. The company has identified two main high-grade zones, extending the mineralised strike by 100m to the southwest, now measuring at least 750m in length. The mineralisation continues to be open in all directions, suggesting further exploration potential. The first phase of drilling has concluded, and the second phase is currently underway, aimed at testing northeast extensions. There is also drilling planned for the Ehuasso Zone, contributing to an expected increase in the Mineral Resource Estimate later this year.
Key Points
  • Multiple wide gold intersections with up to 62 meters in thickness identified.
  • Two coherent high-grade mineralised zones extended by 100m to southwest, increasing mineralised strike to at least 750m.
  • Mineralisation remains open in all directions and at depth.
  • Notable drill results include 62m at 1.41 g/t Au and 33m at 0.92 g/t Au.
  • Phase 1 of drilling complete with Phase 2 underway targeting northeast extensions.
  • Drilling at Ehuasso Zone with an inferred resource of 336,400 Oz at 1.8 g/t Au to start in July.
  • Skylark's strategy involves extending known mineralisation into unexplored areas.
  • Potential for a significant increase in the Zaranou Mineral Resource Estimate (MRE) is anticipated later this year.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.